Alphabet put activity above normal and directionally bearish
A concentrated block-and-sweep put flow in near-term strikes pushed GOOGL options volume and premium toward the 95th percentile, with aggressive ask-side fills on near-the-money 360/355 puts expiring June 18.
Unusual put buying in Alphabet options pushed total options activity well above typical levels on June 3, with 30,597 contracts traded and total premium of $42,262,407.50. Volume is about 1.69× average and premium is roughly 2.44× average; both total volume and total premium sit at the 94.7th percentile. The snapshot is directionally bearish despite higher aggregate call premium: there were 16,297 calls and 14,300 puts (put/call volume ratio 0.88), and puts account for a focused, aggressive block/sweep pattern that points to downside positioning into the near-term expirations.