Option traders moderately bearish in Alphabet (GOOG), with shares down 2c near $177.92. Options volume relatively light with 78k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.4. Implied volatility (IV30) is higher by 0.3 points near 26.33,and below the 52wk median, suggesting an expected daily move of $2.95. Put-call skew steepened, indicating increased demand for downside protection.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Google unveils Safety Charter for India’s AI-led transformation
- Monday.com appoints Harris Beber chief marketing officer
- Alphabet Class A call buyer realizes 5% same-day gains
- DA Davidson cybersecurity analysts hold an analyst/industry conference call
- AI Daily: Meta said to pay Scale AI at least $450M per year for five years
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue