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I noticed a lot of bearish pressure coming from the options market on $GOOGL. Check out this order imbalance! -1.4 M option volume delta. What is option volume delta?

Outlook is neutral, with stock confined to a span of ±3%

Strategy has +61% ROI potential and 9% overvalued

Unusual Option Volume

GOOGL Alphabet - Class A166.56-9.42 (-5.4%)

Alphabet - Class A trades 178,657 contracts.

GOOGL 167.29-8.69 (-4.9%)Alphabet - Class A

  • ATM straddle for 29-Nov-24 expiration returned a positive 65.8% from the previous business day
  • The upside wing (25 delta calls) declined -86.6%
  • Downside put (25 delta puts) gained 316.0%
  • The option volume for 29-Nov-24 expiration is 24,008

Bearish play with a target stock price of $170 or below

Strategy has +40% upside potential and 6% overvalued

Bearish play with a target stock price of $165

Strategy has +355% upside potential and 13% undervalued