GOOGL June 24th Options Begin Trading

Alphabet’s GOOGL June 24th options began trading, featuring a $340 put with a current bid of 0.89. Selling to open that put would obligate the trader to buy the stock at $340 while collecting the premium, yielding a cost basis near $339.11 per share before commissions. The $340 strike sits roughly 8% below the current price of about $367.84, making it an out-of-the-money put with about a 90% likelihood of expiring worthless, per Stock Options Channel. On the call side, the $375 strike call carries a bid of $5.65, enabling a potential covered call if an investor owns shares. Overall odds and charts will be tracked over time.