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Alphabet's historic stock drop sparks options trade betting on a rebound by December.

Market News
10 Nov 2026, 20:15 WIB
CNBC
View Source
Bullish
Alphabet's historic stock drop sparks options trade betting on a rebound by December.

Alphabet experienced its worst one-day stock drop ever, losing nearly $500 billion in market value, but has only recovered 1.5% since. Despite strong revenue growth, including doubling Google Cloud revenue, the stock remains down 11.3% from pre-earnings levels. A trader is betting on a rebound using a December call spread options strategy, aiming for the stock to rise above $292.07 by December 18. Upcoming Nvidia earnings and broader market factors like interest rates and energy prices could influence the AI sector's direction and Alphabet's recovery.

Alphabet shares are trading at USD 286.04 on Pluang, down 0.73% as of Nov 11, 2026 01:32 WIB. Despite recent volatility, the stock remains well below its 52-week high of USD 402.62, with most Pluang users currently buying rather than selling.

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