Stock Markets June 22, 2026 03:54 PM

Options Volume in Alphabet Swells to 928,825 Contracts Amid Heavy Call Activity

Call contracts dominated trading while several short-dated strikes registered outsized turnover versus open interest

By Hana Yamamoto
Share
Twitter Reddit Facebook LinkedIn
GOOGL

Alphabet Inc. saw total options volume reach 928,825 contracts at 3:40 p.m. New York time on Monday. Calls made up the bulk of activity with 634,875 contracts traded, while puts totaled 293,950 contracts. Several June 22, 2026 call strikes recorded particularly high trade counts relative to their open interest. Alphabet shares declined 5.22% to $348.81.

Options Volume in Alphabet Swells to 928,825 Contracts Amid Heavy Call Activity
GOOGL
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • Total Alphabet options trading reached 928,825 contracts at 3:40 p.m. New York time on Monday, with calls accounting for 634,875 contracts and puts at 293,950.
  • The June 22, 2026 $350 call was the single most active contract with 40,356 contracts traded versus an open interest of 97; several other June 22, 2026 call strikes also saw large trade counts relative to open interest.
  • Alphabet's shares declined 5.22% to trade at $348.81, linking significant options activity with notable equity price movement in the session.

Market snapshot

Alphabet Inc. options trading totaled 928,825 contracts at 3:40 p.m. New York time on Monday, based on exchange data compiled by Bloomberg. Call contracts accounted for 634,875 of those trades, with put contracts representing 293,950.

Most active strikes

The most heavily traded single contract was the June 22, 2026 $350 call, with 40,356 contracts executed against an open interest of 97 contracts. Other active call strikes included the June 22, 2026 $355 call with 27,377 contracts traded and an open interest of 66; the June 22, 2026 $347.50 call with 25,090 contracts and an open interest of 6; and the June 22, 2026 $352.50 call with 18,550 contracts traded and an open interest of 133.

Put activity

On the put side, the June 22, 2026 $345 put registered 15,519 contracts traded, with an open interest figure of 97 contracts.

Equity price move

Alphabet shares were down 5.22%, trading at $348.81 during the same session.

Context within the session

The volume figures show that call contracts outpaced puts by more than two-to-one in raw trade count during the reporting snapshot at 3:40 p.m. Several of the most active options strikes exhibited trade volumes that were large when compared to their reported open interest, indicating sizeable intraday turnover at those specific strike prices.

Impacted market segments

  • Equities trading in large-cap technology names, as reflected in the change in Alphabet's share price.
  • Options and derivatives markets, given the concentrated activity in specific strikes and the overall contract volume.

The data above reflect exchange-reported trades and open interest levels for the listed strikes and the equity price at the time noted.

Risks

  • Concentrated activity in specific near-dated strikes could indicate elevated short-term volatility for the underlying equity - this impacts equity traders and options market participants.
  • High intraday turnover in options relative to open interest may increase liquidity and execution risk for counterparties managing positions in the derivatives market.
  • A sharp move in the underlying stock, as reflected by a 5.22% decline in Alphabet shares, can affect portfolio valuations for investors and funds with exposure to large-cap technology equities.

More from Stock Markets

Pfizer Shares Slip After Phase 3 Trial Miss and CFO Exit Intensify Uncertainty Jun 22, 2026 MacroGenics Shares Rise After $24.5 Million Sanofi Milestone Payment Jun 22, 2026 Avis Budget Climbs After $650M Settlement With Pentwater Over Short-Squeeze Exit Jun 22, 2026 Trump Signs Orders to Fast-Track U.S. Quantum Research and Cyber Defenses Jun 22, 2026 Best Buy CFO Matt Bilunas to Exit; Shares Slip After-Hours Jun 22, 2026