Alphabet Inc.'s stock, trading under $GOOG and $GOOGL, has shown significant movement over the past week. After a period of decline, the stock has experienced a notable rally, with a 7% increase in value and some call options gaining over 150%. The stock's resurgence has been marked by bullish trading patterns and a reversal candle off key support levels. Despite being down 35% from its highs, the stock has managed to climb back over important moving averages, including the 10-day EMA and the 200-day EMA. Traders have been actively engaging in both long and short positions, with some opting for hedging strategies to manage risk. The sentiment around the stock has turned more positive, with many traders expressing optimism about its future performance. Some traders are targeting $158, and others have engaged in call options expiring tomorrow and on 10/18.