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Alphabet's Stock Seen Rising 9% on Faster Growth

Michael Kramer

Options traders are betting the stock increases over the next four weeks by as much as 9%. The long straddle options strategy for expiration Aug. 17 is suggesting shares of Alphabet rise or fall by about 6% from the $1,250 strike price. The call options at the $1,300 and $1,310 strike price have seen a rise in their open interest.