Alphabet Inc.'s stock (GOOGL) has surged by 0.7%, outperforming the broader Nasdaq-100 ETF (QQQ), which rose by 0.2%. This rally follows a recovery from a previous drop triggered by comments related to Apple Inc. (AAPL). Market activity shows a high volume of call options for GOOGL, with 219,000 calls versus 56,000 puts, indicating strong bullish sentiment. Some investors reported significant gains on longer-dated call options, with July 175 strike calls nearly doubling in value. Technical analysis suggests GOOGL is approaching the 166 price level and is on track for its best weekly performance in over a year.