Mixed options sentiment in Alphabet Class A with shares up 0.75%

Mixed options sentiment in Alphabet Class A (GOOGL), with shares up $1.89, or 0.75%, near $253.58. Options volume relatively light with 220k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.61. Implied volatility (IV30) dropped 1.71 near 40.9, in the highest 10% of observations over the past year, suggesting an expected daily move of $6.53. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Alphabet Class A (GOOGL) will report earnings after the close on 2025-10-29.Option markets are pricing in a 50% probability of a move greater than 6.51% or $16.52.