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A large tranche of near-term call options traded in GOOGL stock, highlighting Alphabet Inc.'s (GOOGL, GOOG) underlying value. Although the company generated strong free cash flow in Q4, the stock is down, providing an opportunity for value players.
GOOGL stock is at $188.96, off over 8% from its peak yesterday of $206.38. This is despite its strong Q4 results released yesterday, showing Alphabet's strong results, including its highest quarterly free cash flow (FCF).