$44M Bets on Big Tech Amid Shift to AI Monetization
Large bullish call spreads in Alphabet (GOOGL.US) and Amazon (AMZN.US) have appeared, totaling $44.5 million in combined net premium.
The trades were executed on Monday morning, with GOOGL's Nov. 20 $355/$420 bull call spreads trading for about $30.9 million in net premium, and AMZN's Nov. 20 $260/$305 bull call spreads changing hands for roughly $13.6 million in net premium.
This follows similar trades in Microsoft (MSFT.US) over the past week, with tens of millions of dollars involved.