Why This Tech Giant is Due for a Bounce

By Schaeffer's Digital Content Team | June 18, 2026, 1:03 PM

Subscribers to Schaeffer's Weekend Trader options recommendation service received this GOOGL commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Alphabet Inc (NASDAQ:GOOGL) pulled back to fill its April earnings gap last week before bouncing off put support at the 345 strike. This area also coincided with the 10% year-to-date level.

The 360 strike is the front two-month peak put open interest (OI) position and could provide additional support. Meanwhile, June options expiration will remove a sizable amount of call open interest, potentially opening the door for a move toward the 400 or 410 area.

The stock’s Schaeffer's Volatility Scorecard (SVS) sits at 85 out of 100, indicating GOOGL has consistently outperformed options traders' volatility expectations during the past year, while its implied volatility (IV) ranks at a 24.

Our recommended call option has a leverage ratio of 7.8 and will double on a 13.6% rise in the underlying equity.

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Why This Tech Giant is Due for a Bounce

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