Alphabet Inc (NASDAQ:GOOGL) is up 4.4% at $352.11 this afternoon, bouncing off its Friday pullback to the 120-day moving average. The shares broke below recent support at the $340 floor, but are now in recovery mode, after the stock began trading in the Dow Jones Industrial Average (DJI) index for the first time today. The tech behemoth replaced Verizon Communications (VZ), which was last seen 6.6% lower. GOOGL is sporting a healthy 12.6% gain for 2026.
Call options have remained red-hot on Alphabet stock. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Alphabet stock's 50-day call/put volume ratio of 2.89 ranks in the 80th annual percentile.
The options pits are pricing in relatively low volatility expectations, too, per GOOGL's Schaeffer's Volatility Index (SVI) of 32%, which sits in the 33rd percentile of its annual range. Even further, the stock's Schaeffer's Volatility Scorecard (SVS) of 91 out of 100 indicates it has consistently exceeded those expectations during the past year.
