Doyoumoney

I'll look up Alphabet's option chain. Let me first get the current stock price for context and then pull the options data.Looking at the option chain, I can see the data is as of 2026-07-19. The near-the-money put around the 350-355 area (current stock price ~$352.50 based on the ATM put pricing) gives us a reference point. Let me now extract the relevant December 2026 and June 2027 OTM puts at least 10% below the current price.

10% below ~$352.50 ≈ $317 and below, so I'll focus on strikes ≤ $315.

Here are the main OTM put strikes for the two expirations:

GOOGL OTM Put Options (≥10% Below Spot ~$352.50)

Strike	Dec 18, 2026			Jun 17, 2027
Price	Bid	Ask	IV	Bid	Ask	IV
$315	$14.05	$15.50	37%	$25.00	$27.40	37%
$310	$12.95	$13.90	38%	$23.70	$25.15	38%
$300	$10.30	$11.25	38%	$19.10	$21.80	37%
$290	$7.70	$8.45	38%	$16.95	$18.35	38%
$280	$5.85	$7.05	39%	$14.25	$15.05	38%
$270	$4.40	$5.50	39%	$11.00	$13.30	38%
$260	$3.25	$4.25	40%	$9.75	$10.60	38%
$250	$2.62	$3.05	40%	$7.90	$8.55	39%

Key observations:

IV is fairly flat across strikes and expirations, averaging ~38-40%, which is modest for GOOGL
Time decay is priced in efficiently — the June '27 puts are roughly 60-80% more expensive than the December '26 equivalents, consistent with ~6 extra months of theta
$315 strike (roughly 10.6% OTM): Dec puts at ~$14.70 mid vs Jun puts at ~$26.20 mid — about a $11.50 premium for 6 extra months
$300 strike (roughly 15% OTM): Dec at ~$10.80 mid vs Jun at ~$20.45 mid
$280 strike (roughly 20.6% OTM): Dec at ~$6.45 mid vs Jun at ~$14.65 mid — deeper OTM shows proportionally larger time premium
Open interest is generally healthy, particularly in the $300-$320 zone, indicating good liquidity for these downside hedges