Spot $340.5952wk High $408.6152wk Low $244.15Generated 2026-10-16
Type
Strike
Last
52wk High
52wk Low
Open Interest
52wk Range
CALL
$415.00
$1.92
$47.00
$2.27
3,994
CALL
$420.00
$1.52
$41.75
$2.13
3,709
CALL
$425.00
$1.40
$39.10
$1.86
2,183
CALL
$430.00
$1.18
$39.05
$1.21
3,167
CALL
$435.00
$1.05
$37.98
$1.40
1,240
PUT
$265.00
$1.50
$42.34
$0.78
2,365
PUT
$260.00
$1.19
$39.58
$0.61
2,569
PUT
$255.00
$1.03
$36.30
$0.55
3,617
PUT
$250.00
$0.87
$34.55
$0.38
5,205
PUT
$245.00
$0.65
$31.70
$0.25
1,625
Type
Strike
Last
52wk High
52wk Low
Open Interest
52wk Range
CALL
$415.00
$3.35
$50.00
$4.62
3,089
CALL
$420.00
$3.00
$48.20
$3.85
4,739
CALL
$425.00
$2.60
$44.72
$3.28
2,532
CALL
$430.00
$2.28
$42.09
$2.98
4,126
CALL
$435.00
$1.98
$41.30
$2.10
2,708
PUT
$265.00
$2.25
$43.20
$1.26
8,769
PUT
$260.00
$1.93
$41.02
$1.05
5,074
PUT
$255.00
$1.63
$39.09
$0.94
2,628
PUT
$250.00
$1.40
$35.37
$0.77
10,614
PUT
$245.00
$1.03
$32.78
$0.68
2,504
Type
Strike
Last
52wk High
52wk Low
Open Interest
52wk Range
CALL
$415.00
$17.25
$65.40
$11.35
391
CALL
$420.00
$16.05
$64.60
$11.90
1,740
CALL
$425.00
$15.05
$62.30
$9.85
2,814
CALL
$430.00
$14.05
$58.31
$14.60
1,052
CALL
$435.00
$13.15
$55.40
$12.82
874
PUT
$265.00
$6.64
$47.85
$6.25
1,199
PUT
$260.00
$7.65
$43.83
$5.55
4,102
PUT
$255.00
$6.80
$40.15
$4.90
1,792
PUT
$250.00
$5.93
$39.70
$4.30
7,033
PUT
$245.00
$3.95
$35.32
$3.95
1,711
Type
Strike
Last
52wk High
52wk Low
Open Interest
52wk Range
CALL
$415.00
$36.90
$80.61
$21.00
329
CALL
$420.00
$33.51
$82.05
$19.10
2,180
CALL
$425.00
$29.70
$71.65
$18.38
1,117
CALL
$430.00
$33.43
$74.27
$19.20
344
CALL
$435.00
$32.30
$68.31
$22.30
556
PUT
$265.00
$13.49
$49.33
$12.10
531
PUT
$260.00
$11.80
$46.49
$11.50
1,039
PUT
$255.00
$11.10
$45.04
$10.05
577
PUT
$250.00
$10.20
$43.45
$9.35
1,831
PUT
$245.00
$8.35
$39.77
$8.30
689
Type
Strike
Last
52wk High
52wk Low
Open Interest
52wk Range
CALL
$415.00
$42.20
$80.25
$21.90
376
CALL
$420.00
$33.00
$84.29
$20.35
4,013
CALL
$425.00
$32.24
$76.33
$30.45
2,637
CALL
$430.00
$31.62
$78.10
$18.75
3,863
CALL
$435.00
$30.75
$72.50
$24.99
264
PUT
$265.00
$13.20
$44.80
$13.20
397
PUT
$260.00
$13.37
$46.69
$11.75
1,661
PUT
$255.00
$14.10
$40.00
$12.00
518
PUT
$250.00
$12.15
$43.75
$9.50
5,625
PUT
$245.00
$9.80
$36.07
$9.80
727
AI Commentary
Generated 2026-10-16 23:11 UTC · google/gemma-4-26B-A4B-it
Best Collar Combinations
For investors seeking to hedge GOOGL downside while capping upside, the following combinations offer the most efficient cost-to-protection ratios.
Expiry
Put Strike
Call Strike
Net Cost
Scenario
2026-12-18
$260
$430
$0.01 Credit
Zero-Cost Protection: Maximum breadth of protection with minimal cap on upside.
2026-12-18
$265
$425
$0.10 Credit
Conservative Hedge: Slightly tighter cap for a more robust floor.
2027-01-15
$265
$435
$0.27 Credit
Long-Term Yield: Provides significant duration for a net credit.
OI Hot Spots
Downside Magnet/Support: There is massive Open Interest concentration in the 2027-01-15 $250 Put (10,614 OI) and $265 Put (8,769 OI). This suggests a significant institutional "floor" or a massive hedging layer. Expect heavy gamma pinning and potential volatility suppression near these levels as expiry approaches.
Upside Resistance: Call concentration is notable at the $430 strike across multiple expiries (2027-01-15 and 2028-01-21). This indicates a psychological and technical ceiling where dealers may need to sell underlying to hedge short call positions, potentially creating "pinning" risk near $430.
52wk Range Context
Compressed Short-Term Volatility: Nearly all 2026-12-18 and 2027-01-15 contracts are trading at the absolute bottom of their 52-week price ranges (0%–3%). This implies that implied volatility (IV) is currently at historical lows, making the purchase of protection relatively inexpensive compared to recent history.
Long-Dated Premium Discount: Even the 2027-12-17 and 2028-01-21 calls are trading at the lower end of their 52-week ranges (12%–23%). This suggests the market is not currently pricing in a "volatility regime shift" or a massive breakout, presenting a value opportunity for long-term LEAPS if a volatility spike is anticipated.
One Actionable Trade Idea
Trade: The "Zero-Cost" Defensive Collar
* Setup: Long GOOGL Stock + Long 2026-12-18 $260 Put + Short 2026-12-18 $430 Call.
* Net Cost: $0.01 Credit (effectively zero cost).
* Max Profit: $89.42 per share (occurs if GOOGL $\ge$ $4
Costless Collar Matrix — $300 Floor
Spot $340.59Floor $300.00 (-11.9% vs spot)52wk High $408.6152wk Low $244.15Generated 2026-10-16 23:11 UTC
Collar structure: Buy put @ floor strike + sell call @ cap strike.
For each expiry the call is solved as the OTM strike whose bid is closest to the put ask (net cost ≈ 0).
Net cost = put ask − call bid. Credit = you receive cash. Debit = you pay.
Spot $340.59Ceiling $500.00 (+46.8% vs spot)52wk High $408.6152wk Low $244.15Generated 2026-10-16 23:11 UTC
Collar structure: Sell call @ ceiling ($500) + buy put @ solved floor.
For each expiry the floor put is the OTM strike whose ask is closest to the call bid (net cost ≈ 0).
Net cost = put ask − call bid. Credit = you receive cash. Debit = you pay.
Best Collar Combinations
For investors seeking to hedge GOOGL downside while capping upside, the following combinations offer the most efficient cost-to-protection ratios.
OI Hot Spots
52wk Range Context
One Actionable Trade Idea
Trade: The "Zero-Cost" Defensive Collar * Setup: Long GOOGL Stock + Long 2026-12-18 $260 Put + Short 2026-12-18 $430 Call. * Net Cost: $0.01 Credit (effectively zero cost). * Max Profit: $89.42 per share (occurs if GOOGL $\ge$ $4