Why This Tech Giant is Due for a Bounce

The June options expiration will remove a sizable amount of call open interest

Jun 18, 2026 at 1:03 PM

GOOGL

Subscribers to Schaeffer's Weekend Trader options recommendation service received this GOOGL commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Alphabet Inc (NASDAQ:GOOGL) pulled back to fill its April earnings gap last week before bouncing off put support at the 345 strike. This area also coincided with the 10% year-to-date level.

The 360 strike is the front two-month peak put open interest (OI) position and could provide additional support. Meanwhile, June options expiration will remove a sizable amount of call open interest, potentially opening the door for a move toward the 400 or 410 area.

GOOGL June12

The stock’s Schaeffer's Volatility Scorecard (SVS) sits at 85 out of 100, indicating GOOGL has consistently outperformed options traders' volatility expectations during the past year, while its implied volatility (IV) ranks at a 24.

Our recommended call option has a leverage ratio of 7.8 and will double on a 13.6% rise in the underlying equity.

Follow @Schaeffers

The $25K Day Trading Barrier is Gone

The long-standing Pattern Day Trader (PDT) rule that required many traders to maintain a $25,000 account balance is no longer standing in the way.

That means more traders can actively pursue short-term opportunities without the barrier that kept so many on the sidelines.

Now it's all about having the right strategy.

Dynamite Day Trading Signals helps you hit the ground running with up 2 options trade alerts per week, built to capture fast-moving opportunities.

👉 Sign up now to receive the next trade