Mixed options sentiment in Alphabet Class A (GOOGL), with shares down $2.50 near $199.06. Options volume roughly in line with average with 219k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.46. Implied volatility (IV30) dropped 0.49 near 29.63,and below the 52wk median, suggesting an expected daily move of $3.72. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOGL:
- Target names CEO successor, Guess to go private: Morning Buzz
- White House Opens Official TikTok Account
- Google to pay $30M to settle YouTube children’s privacy suit, Reuters reports
- Snowflake Stock (SNOW) Melts as Rival Databricks Hits $100B Valuation
- OpenAI Launches ChatGPT Go In India at ₹399 a Month