Alphabet options imply a 5.4% post-earnings swing ahead of its July 22 report. Based on a share price of $348.60, traders see a range of roughly $329.75 to $367.45, slightly below the historical average of 6%. Call volume stands at 20,756 contracts versus 11,389 puts, with the $370 call holding the largest upside open interest. Alphabet owns Google Search, YouTube, and Google Cloud, and investors will watch whether heavy AI investments translate into faster cloud growth without pressuring margins and cash flow.
Alphabet Inc Class COptions pricing implies a 5.4% earnings move, but the article does not indicate whether the actual results will be positive or negative.