Alphabet Inc (NASDAQ:GOOGL) took the AI spotlight in late November, amid reports it's in talks with Meta Platforms (META) to produce custom chips for its data centers. While tech volatility has been rampant in the past few weeks, GOOGL just marked its eighth-straight positive month, as well as its third consecutive week in the black. Shares are also within reach of their Nov. 25, record high of $328.23, while sporting a 65.9% lead for 2025, despite being off 2.7% at $312.40 at last glance today.
A regular on Schaeffer's Senior Quantitative Analyst Rocky White's weekly list of stocks that saw the highest options volume over the last 10 days, GOOGL attracted 4,203,417 calls and 2,429,303 puts during this time. The weekly 11/28 320-strike call was the most popular contract.
Options are affordably priced, as the stock's Schaeffer's Volatility Index (SVI) of 29% sits higher than just 15% of all other readings from the past year. What's more, GOOGL's Schaeffer's Volatility Scorecard (SVS) checks in at 85 out of 100, meaning it has consistently surpassed options traders' volatility expectations over the last 12 months.
