Mixed options sentiment in Alphabet (GOOG), with shares up 9c, or 0.04%, near $251.85. Options volume roughly in line with average with 78k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.59. Implied volatility (IV30) dropped 0.52 near 30.69,and above the 52wk median, suggesting an expected daily move of $4.87. 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 GOOG:
- Magnite files lawsuit against Google
- Google announces GBP 5B investment in UK’s AI development
- Positive Outlook for Alphabet: Strong GCP Performance and GenAI Growth Support Buy Rating
- Alphabet becomes fourth company to reach $3T market cap, CNBC reports
- Smartphone Maker Nothing Snaps Up $200 Million for AI Push at $1.3 Billion Valuation