GOOGL January 330/360 call spread: repeat buying into earnings

Buy January $330 calls and sell $360 calls. The $360 calls attracted $37.98M of ask-side trading across five sessions, with a large increase in open interest. Buyers are positioning for a recovery, but shares remain below important daily averages. Tonight's earnings can overwhelm nearby support; the spread reduces cost and exposure to falling option volatility.

• GOOGL, call debit spread, 3-8 weeks, opened Oct 28, 2026. It closed at -79.1%.

Updated 2026-11-02 17:48 UTC