Alphabet options trading surges to 928,825 contracts

Alphabet options activity surged sharply, with total volume reaching 928,825 contracts by 3:40 p.m. New York time. Call buying dominated put volume, suggesting traders were positioning for continued volatility or a rebound despite a sharp decline in the stock. The most active strikes were the June 22, 2026 $350, $355, $347.50 and $352.50 calls, while the June 22, 2026 $345 put was the most active bearish contract. Alphabet shares fell 5.22% to $348.81, making the options flow notable as it coincided with weakness in the underlying stock. The article is primarily a market-activity snapshot rather than a catalyst-driven news story, but the heavy options turnover signals elevated trader interest and near-term uncertainty around Alphabet.