Investors Are Bullish on Alphabet Stock - Piling Into GOOGL Call Options With Huge Unusual Options Volume

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Investors are showing a strong bullish sentiment towards Alphabet (GOOGL) stock, evident by a significant surge in call option purchases. Despite an 11.5% drop from its pre-earnings peak, analysts and free cash flow projections suggest the stock is undervalued, with potential price targets significantly higher than its current trading price. The article highlights unusual options activity, specifically a high volume of in-the-money call options expiring soon, indicating traders anticipate GOOGL will remain above the strike price.

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