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Mark R. Hake, CFA

UNCOVERED: Unusual options activity in alphabet stock today highlights its value - The Untold Story

Alphabet Barchart Google Alan Gould Colin Sebastian AnaChart

Unusual options activity in Alphabet Inc (GOOGL) stock today highlights the underlying value in GOOGL shares. Out-of-the-money (OTM) put options in 30-day expiration puts are trading at 14 times the prior number outstanding.

GOOGL stock is trading at $158.37 per share in midday trading. This is well off its recent highs earlier in July. For example, GOOGL stock peaked at $191.18 on July 10, so it's now down over 17% from that peak.

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