Alphabet Falls After Earnings, Far Beyond the Move Options Expected

Alphabet's GOOG fell 10.6% after earnings, its biggest move in 13 reports and well beyond what options expected.

October 28, 2026
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Premarket Trading Earnings Calendar IV Rank Screener Unusual Options Volume After Hours Trading

Stock Market News, Options Trading Analysis, and Alerts

Market Alerts & Insights

0 DTE Options

Most Active Options

At the close on , SPY's Oct 28 $770 put was the most traded 0 DTE option (expiring that day), with 433,553 contracts.

Most traded 0 DTE options, one per symbol, Oct 28, 2026
Symbol Option Volume Avg Price
SPY 28-Oct-2026 770 P 433,553 1.59
TSLA 28-Oct-2026 400 P 241,061 1.27
NVDA 28-Oct-2026 220 C 228,898 0.29
QQQ 28-Oct-2026 720 P 185,034 1.65
AAPL 28-Oct-2026 347.5 C 111,030 0.29

Notable Option Trades

At the close on , the largest single 0 DTE option trade was 6,179 SPY Oct 28 $771 calls at $2.28, sold.

Largest single 0 DTE option trades, one per symbol, Oct 28, 2026
Symbol Option Volume Avg Price Side
SPY 28-Oct-2026 771 C 6,179 2.28 Sold
QQQ 28-Oct-2026 724 P 4,006 0.85 Undetermined
AMZN 28-Oct-2026 255 C 2,713 0.70 Sold
TSLA 28-Oct-2026 405 C 2,690 0.25 Sold
MU 28-Oct-2026 930 P 2,604 0.71 Sold

Non-Zero DTE Options

Most Active Options

At the close on , SPY's Oct 29 $771 put was the most traded option with a later expiration, with 74,625 contracts.

Most traded options with later expirations, one per symbol, Oct 28, 2026
Symbol Option Volume Avg Price
SPY 29-Oct-2026 771 P 74,625 3.02
NVDA 30-Oct-2026 220 C 64,705 1.65
SPCX 30-Oct-2026 150 C 36,481 0.89
ORCL 30-Oct-2026 150 C 34,888 2.16
SOFI 30-Oct-2026 17 C 32,707 0.33

Notable Option Trades

At the close on , the largest single option trade in a later expiration was 28,000 QQQ Nov 20 $680 puts at $4.82, bought.

Largest single option trades in later expirations, one per symbol, Oct 28, 2026
Symbol Option Volume Avg Price Side
QQQ 20-Nov-2026 680 P 28,000 4.82 Bought
BSX 18-Dec-2026 35 P 26,000 0.39 Sold
NVDA 15-Jan-2027 160 P 25,000 1.30 Sold
IWM 18-Dec-2026 240 P 23,592 0.95 Bought
XLP 18-Dec-2026 81 P 20,000 0.43 Sold

Articles

Fed Holds Rates at 3.75%-4.00%; Cook and Hammack Dissent for Hike

The FOMC kept the federal funds target range at 3-3/4 to 4 percent at its October 27-28 meeting. Two members dissented, preferring a quarter-point inc ...

Amazon Options Expect 8.0% Move After July's Biggest Post-Earnings Jump in 12 Reports

Options expect Amazon to move about 8.0% after earnings, more than usual, though straddle buyers have lost 12% on average.

Fed Holds Rate at 3.75%-4.00%; Cook and Hammack Dissent for a Hike

The FOMC left the federal funds target range at 3-3/4 to 4 percent on October 28, with two members preferring a quarter-point increase.

HOOD Extends Post-Earnings Losing Streak to a 7th Report in a Row

Robinhood (HOOD) fell 7.6% after its Oct 27, 2026 report, the 7th report in a row followed by a drop, near the +/-8.8% move options priced in.

Microsoft Call Open Interest Jumps by 41,345 Contracts Ahead of Earnings

Microsoft reports after the close on Oct 28, 2026. Open interest in its Jan 15, 2027 $585 calls rose by 41,345 contracts; options price in +/-5.1%.

Featured Option Trade Ideas

SPY 772.31 +0.3% 4:00 PM
769.28 -0.4% After Hours: 6:28 PM

State Street SPDR S&P 500 ETF Trust

Low/Hi: 769.24 - 773.36
52-Week: 629.28 - 781.62
Option Volume: 7,564,789
IV % Rank: 42% Moderate
Dividend: 18-Dec $1.8888 (Est.)
Div. Yield: 1.0%
Report

Credit Iron Butterfly


Best by Theoretical Edge + 50% Win Rate

0.84 vs 0.42
Market Price
[Credit] 		Theoretical
Value
263.1%
Edge
0%
Hist. Win Rate
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Report

Bear Put Spread


Best By Theoretical Edge + 70% Win Rate

0.62 vs 0.94
Market Price
[Debit] 		Theoretical
Value
51.8%
Edge
0%
Hist. Win Rate
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Report

Bear Call Spread


Best By Return if Flat + 10% Edge

0.37 vs 0.06
Market Price
[Credit] 		Theoretical
Value
49.4%
Edge
0%
Hist. Win Rate
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