Peter Smith
⬤ Alphabet's Class A shares dropped almost two percent on Monday. Sellers appeared at the first trade and kept the price under pressure. By noon the stock reached about 314.63 dollars. Options traders showed a clear bearish tilt - the net premium paid for all options sank to roughly 17.6 million dollars in the red, driven by heavy put buying.
⬤ The chart showed a calm but relentless decline from 319 dollars to the mid-314 area during the morning. Price moved in a narrow downward path and never managed a worthwhile bounce. The premium tracker printed thick red bars - puts outpaced calls by about 125 700 contracts, while call premium showed a 17.50-million-dollar deficit. Volume rose as the price fell, a sign that real sellers - not just low liquidity noise - were active.
When put activity expands while the price keeps slipping, the move often gains speed and intraday swings widen.
⬤ For traders who follow large tech names, the joint message of falling price and negative options flow carries weight. Both indicators now point down - the decline risks turning faster. In GOOGL's case the steady slide in price combined with the sharp drop in net premium showed that sentiment shifted clearly to the bearish side during Monday's morning session.
Peter Smith
