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BABA

Alibaba Group Holding LimitedClose $110.97EOD only

Max Pain

$125.00

Next expiry Jun 18, 2026

Expected Move

±$3.05

2.8% from close

Price Gap

+14.03

Distance to max pain

IV Rank

100

High premium

P/C OI

0.59

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 16, 2026 close

End-of-day snapshot

This page reflects BABA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 16, 2026 close

BABA Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 10.5% from MP; +0.5 VIX 18

Watch next session: BABA price action; put/call volume ratio

Flow Summary

Net premium: -$749.7M bearish

P/C volume ratio: 2.95

P/C OI ratio: 0.57

Heavy put accumulation across deep ITM strikes (130-200) drove massive negative net premium (-$749M) and elevated put/call volume ratio (2.95). Standing bearish flow regime with negative gamma (-$42.6M) and dealers long stock (+48.8M shares).

Notable Prints

BABA 2026-06-18 $108.00 Call

Vol: 910

OI: 118

Vol/OI: 7.7x

IV: 36.7%

Notional: ~$77K

Intent: Bullish speculation

Dual read: Hedge for puts

Read-through: Expects slight rise

BABA 2026-06-18 $130.00 Put

Vol: 26,313

OI: 3,470

Vol/OI: 7.6x

IV: 151.2%

Notional: ~$54.1M

Intent: Bearish directional

Dual read: Portfolio hedge

Read-through: Expects drop below $130

BABA 2026-06-18 $200.00 Put

Vol: 1,108

OI: 152

Vol/OI: 7.3x

IV: 429.3%

Notional: ~$10.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

BABA 2026-06-18 $160.00 Put

Vol: 28,647

OI: 4,038

Vol/OI: 7.1x

IV: 302.5%

Notional: ~$144.8M

Intent: Bearish directional

Dual read: Part of spread

Read-through: Expects fall to $160

BABA 2026-06-18 $150.00 Put

Vol: 26,146

OI: 3,903

Vol/OI: 6.7x

IV: 257.6%

Notional: ~$111.1M

Intent: Bearish directional

Dual read: Hedge

Read-through: Expects decline to $150

Institutional Positioning

Call additions: Minimal; small OTM call buy at $108 (910 vol).

Put additions: Massive across $130-165 strikes; top vol: $160 (28.6k), $150 (26.1k), $130 (26.3k).

GEX/DEX consistency: Put flow heavy but GEX -$42.6M negative; DEX +48.8M shares positive, suggesting dealer delta hedging but short gamma.

OI clusters: Put OI concentrated at $130-165, especially $160 (4k) and $150 (3.9k).

Hedging evidence: Heavy put buying indicates downside protection; no clear collar or put spread evidence.

Max pain context: Spot below MP; MP likely above current levels, pinning expectation higher.

Signal vs Noise

~Massive put buying across 130-165 is real bearish signal.

~Put/call volume ratio 2.95 confirms bearish flow.

~Elevated put IV (150-429%) signals fear premium.

~Small $108 call volume is noise relative to put deluge.

~Negative net premium (-$749M) confirms net put flow.

Key Conclusions

🐻Heavy put buying across strikes 130-165 signals strong bearish positioning.

⚠️Put IV spikes to 150-429% indicate extreme fear, likely protective hedging.

🤔Small $108 call is negligible; DEX positive but GEX negative creates uncertainty.

How to Use These Reports

This flow reflects the market close on June 17, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.