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Barchart
Barchart
Mark R. Hake, CFA

FOUND: Alphabet stock drops but huge unusual call goog options activity highlights its value - You Need To See This

Alphabet Inc (GOOG) stock has been tumbling lately. The stock is at a three-month low. But some institutional investors are buying out-of-the-money call options, given today's unusual activity. That signals they may see this dip as a trough and see GOOG as a good investment.

GOOG is trading at $288.93 today, down from recent peaks of $309.41 on March 17 and $314.90 on Feb. 20, and well below its three-month high of $344.90 on Feb. 2. That was right before its Feb 4 Q4 earnings release.

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