Google parent Alphabet is seeing repeat bullish order flow after seeing some call buying in both its Class A and Class C shares, GOOGL and GOOG, respectively, to end last week.
The calls from Friday — Nov. 3 expiration $123 and $128 calls in GOOGL — were up big this morning, netting a great win for my Wiretap Alerts members!
Auto names, meanwhile, have been selling off, and we saw bearish flow in General Motors, with a big-money trader laying down about $162,000 and change on the November monthly $27 puts in a perfectly timed trade…
The order was placed at 9:41 a.m., just before the stock went from up 1.65% on the day to down 1.3% over the next 45 minutes!
Finally, we also saw some weekly Redfin puts hit this morning, so be sure and check out the video up top and I’ll break down the day’s top flow in 1 minute flat!
Monday’s Top Order Flow:
- GOOG Nov23 3rd Strike: 129 Calls premium: $104,309 ASK BULLISH
Trade Date: October 30, 2023 Trade Time: 9:56 am - GOOGL Nov23 3rd Strike: 128 Calls premium: $123,942 ASK BULLISH
Trade Date: October 30, 2023 Trade Time: 9:47 am - GM Nov23 Strike: 27 Puts premium: $162,478 ABOVE ASK BEARISH
Trade Date: October 30, 2023 Trade Time: 9:41 am - RDFN Nov23 3rd Strike: 5.5 Puts premium: $113,504 ASK BEARISH
Trade Date: October 30, 2023 Trade Time: 9:34 am
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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