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Mark R. Hake, CFA

Unusual Options Activity in Alphabet Stock Today Highlights Its Value

Alphabet Barchart Google Alan Gould Colin Sebastian AnaChart

Unusual options activity in Alphabet Inc (GOOGL) stock today highlights the underlying value in GOOGL shares. Out-of-the-money (OTM) put options in 30-day expiration puts are trading at 14 times the prior number outstanding.

GOOGL stock is trading at $158.37 per share in midday trading. This is well off its recent highs earlier in July. For example, GOOGL stock peaked at $191.18 on July 10, so it's now down over 17% from that peak.

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