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Barchart
Barchart
Mark R. Hake, CFA

Large Unusual Options Activity in Alphabet Options Shows the Stock Is Undervalued

Google Alphabet United States Barchart Chrome OTM

Positive news from a judge who is allowing Alphabet, Inc. (GOOG, GOOGL) to keep Chrome has spurred large, unusual options activity in GOOG and GOOGL put options. This highlights how undervalued GOOG and GOOGL shares are today.

GOOG is at $229.86, up over 8.43% today after a U.S. District judge ruled against a breakup of Alphabet, including not having to divest its Chrome division, according to CNBC. GOOGL stock is also up 8.49% to $229.30.

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