Alphabet Inc Unusual Bullish Options Activity Means Profits for Traders

 Alphabet Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session Alphabet Inc (GOOGL) registered an unusually high (301) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious GOOGL increase. With 301 contracts traded and 1284 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: GOOGL161021C00807500 closed last at: $5.8 or 44.2% down. About 694,454 shares traded hands. Alphabet Inc (NASDAQ:GOOGL) has risen 7.25% since March 14, 2016 and is uptrending. It has outperformed by 1.63% the S&P500.

Analysts await Alphabet Inc (NASDAQ:GOOGL) to report earnings on October, 27. They expect $6.64 earnings per share, up 15.88% or $0.91 from last year’s $5.73 per share. GOOGL’s profit will be $4.49 billion for 30.45 P/E if the $6.64 EPS becomes a reality. After $7.00 actual earnings per share reported by Alphabet Inc for the previous quarter, Wall Street now forecasts -5.14% negative EPS growth.

Alphabet Inc (NASDAQ:GOOGL) Ratings Coverage

Out of 38 analysts covering Google (NASDAQ:GOOGL), 36 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 95% are positive. Google has been the topic of 79 analyst reports since August 8, 2015 according to StockzIntelligence Inc. CLSA maintained it with “Buy” rating and $990 target price in Friday, July 29 report. Morgan Stanley maintained the shares of GOOGL in a report on Wednesday, June 8 with “Overweight” rating. The company was upgraded on Wednesday, December 9 by Nomura. The company was maintained on Friday, July 29 by Suntrust Robinson. The stock of Alphabet Inc (NASDAQ:GOOGL) has “Neutral” rating given on Friday, July 29 by Wedbush. The firm has “Outperform” rating given on Friday, July 29 by Credit Suisse. Rosenblatt maintained the shares of GOOGL in a report on Friday, October 23 with “Buy” rating. Morgan Stanley upgraded Alphabet Inc (NASDAQ:GOOGL) on Wednesday, August 12 to “Overweight” rating. The company was maintained on Tuesday, September 1 by William Blair. The stock of Alphabet Inc (NASDAQ:GOOGL) earned “Buy” rating by Stifel Nicolaus on Tuesday, August 11.

According to Zacks Investment Research, “Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.”

Alphabet Inc. is a holding company. The Firm holds interests in Google Inc. . The company has a market cap of $547.21 billion. The Company’s divisions include Google and Other Bets. It has a 30.75 P/E ratio. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

GOOGL Company Profile

Alphabet Inc., incorporated on July 23, 2015, is a holding company. The Firm holds interests in Google Inc. (Google). The Company’s divisions include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company. The Company’s technical infrastructure and Virtual Reality are also included in Google segment. Google segment is engaged in advertising, sales of digital content, applications and cloud services, as well as sale of Google branded hardware. The Other Bets segment consists of various operating divisions and includes businesses, such as Access/Google Fiber, Calico, Nest, Verily, GV, Google Capital, X and other initiatives. Other Bets segment is engaged in the sale of Nest hardware products, Internet and television services through Google Fiber, and licensing and research and development (R&D) services through Verily. Google offers products, including Gmail, which is an e-mail service; Chrome, which is a browser, and Google Play, which allows access to movies, books, music and application on various devices. Google offers platforms, including Chrome OS and Android mobile operating system.

More notable recent Alphabet Inc (NASDAQ:GOOGL) news were published by: Fool.com which released: “Alphabet Inc. Earnings: Mark Your Calendar” on October 10, 2016, also Investorguide.com with their article: “Will Alphabet Inc Destroy Samsung?” published on October 17, 2016, Profitconfidential.com published: “GOOG Stock: Alphabet Inc. Delivering Ambitious Moves” on October 07, 2016. More interesting news about Alphabet Inc (NASDAQ:GOOGL) were released by: Fool.com and their article: “New Products Point to Increasingly Diverse Opportunities for Alphabet Inc” published on October 06, 2016 as well as Profitconfidential.com‘s news article titled: “GOOG Stock: Why Alphabet Inc Is in the Limelight” with publication date: October 03, 2016.

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