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GOOG

Alphabet Inc.Close $358.16EOD only

Max Pain

$335.00

Next expiry Jun 18, 2026

Expected Move

±$11.88

3.3% from close

Price Gap

-23.16

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.84

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 12, 2026 close

End-of-day snapshot

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

Published Snapshot

Jun 12, 2026 close

GOOG Directional Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias supported by bullish flow, positive dealer gamma pinning spot near $358 MP, and low vol. Upside toward $370 resistance over 1 week, with downside protected by strong put OI at $330.

Confidence:

9 / 10

Base 5; +2 GEX/flow strong alignment; +1 pinning; +1 spot at MP; +1 VIX 18 => 9/10.

Supports: Bullish flow, positive GEX ($+47.7M), spot at MP, low VIX.
Conflicts: Gamma flip at $330 (7.9% below), resistance at $375.

📈Bullish flow & positive gamma pinning spot near $358 MP.

🛡️Strong put support at $330 (26k OI) limits downside.

⚠️Resistance at $375 and $375.76 may cap near-term upside.

Regime Classification

Vol Regime

Normal

Normal vol environment with VIX at 17.68, supporting steady trending moves without extreme premium.

Gamma Regime

Pinning

Positive GEX ($47.7M) with pinning near $358 MP; gamma flip only at $330 (7.9% below) provides downside cushion.

Flow Regime

Bullish

Bullish net premium flow aligns with positive gamma, reinforcing upward bias.

Spot vs Max Pain

Spot at $358 (max pain) – pinning attracts price, reducing volatility and aligning dealers.

Thesis duration: Multi-week — Strong structural support from gamma and flow, with multi-week price ranges defined; event-specific factors less dominant.

Price Range Forecast

Next 1 week

$346.29$370.04

Range $346-$370; bias to upside supported by flow and pinning, resistance at $370.

Next 2 weeks

$340.56$375.76

Range $340-$375; broader upside potential, but may stall at $375 resistance.

Key Levels

Max pain pins: $358 (2026-06-12); $335 (2026-06-18); $365 (2026-06-26)

EM guardrails: 1w $346.29/$370.04

Support: $357.50 · $340.56 · $340.00

Resistance: $375.00 · $375.76

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 26,082 (7.9% below spot)

Structural: Max pain pins: $358 (2026-06-12), $335 (2026-06-18), $365 (2026-06-26). 1w EM guardrails: $346.29 / $370.04. Support: $357.5, $340.56, $340. Resistance: $375, $375.76. Gamma flip: ~$330 (put OI 26k).

Dealer Positioning (GEX/DEX)

GEX: $+47.7M

DEX: +59.8M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 26,082 (7.9% below spot))

NTM gamma: GEX +$47.7M (positive), DEX +59.8M shares long; gamma flip at $330 (approx).

IV Analysis

IV vs VIX: No GOOG IV data provided; VIX at 17.68 suggests moderate vol environment, likely inline with sector.

Term structure: Not available from input; typical contango expected given vol regime.

Skew: Skew not available; put wall at $330 indicates downside skew – potential put credit spreads or call buying on dips.

Flow Analysis

Net premium: Net premium positive at $50.3M with put/call volume ratio 0.51, indicating strong call buying.

Directional prints: 5.1 call 360 OTM 2026-06-12 — Vol/OI 8.8x; high volume in OTM call with near-zero premium suggests aggressive bullish opening; likely bought. 10.5 call 362.5 OTM 2026-06-12 — Vol/OI 7.8x; similar OTM call buying with low premium; bullish positioning. 33.1 call 410 OTM 2026-07-17 — Vol/OI 6.1x; large volume in long-dated OTM call with significant premium ($1.73) indicates bullish conviction.

Unusual: 4.2 put 357.5 OTM 2026-06-12 — Vol/OI 15.1x; extremely high relative volume in OTM put with low IV; unusual hedging or closing. 5.1 call 360 OTM 2026-06-12 — Vol/OI 8.8x; high opening volume in OTM call at zero premium; unusual aggressive call buying. 33.1 call 410 OTM 2026-07-17 — Vol/OI 6.1x; notable long-dated OTM call volume with elevated IV; unusual extended horizon.

Risks & Catalysts

!Gamma flip risk if spot drops to $330 (7.9% downside) – put OI concentration could accelerate selling.

!Resistance at $375 may cap upside or trigger profit-taking.

!Unexpected vol spike could widen ranges and break pinning dynamics.

!Event risk (earnings, macro) not captured in current data.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-07-24 $360.00/$385.00 call spread Why now: Positive flow, dealer pinning near $358, low vol supports upside; defined risk.	Earnings gap risk; resistance at $375 may cap.
Put credit spread	Moderate-Weak	Sell 2026-07-24 $335.00/$320.00 put spread Why now: Strong put OI at $330; low vol favors credit collection after earnings.	If spot breaks $340, losses capped but premium at risk. Liquidity constraints: long_put: Wide spread (65%).
Long call	Moderate	Buy 2026-07-24 $385.00 call Why now: Call flow dominant; low vol offers cheap premium for upside.	Earnings miss could cause large loss; time decay if flat.

Top Plays

Bull Call Spread

Buy 2026-07-24 $360.00/$385.00 call spread

Captures upside to $385 with reduced cost and risk management.

Why this play: Defined risk, positive flow, low vol support; best alignment with pinning near $358.

Debit: $7.65-$9.35

Max loss: $9.35

BE: $369.35

Mgmt: Exit if stock closes below $357.5 or target reached.

Trader seeking defined risk and high probability play.

Long Call

Buy 2026-07-24 $385.00 call

Leverage bullish flow and low vol for maximum upside exposure.

Why this play: Dominant call flow and cheap premium allow upside participation with unlimited gains.

Debit: $6.14-$7.51

Max loss: $7.51

BE: $392.51

Mgmt: Set stop-loss at $357.5; take profit near $370-$375.

Aggressive trader willing to risk full premium for upside.

Put Credit Spread

Sell 2026-07-24 $335.00/$320.00 put spread

Collects premium from stable or upward movement, benefiting from low vol.

Why this play: Support from put OI at $330; but liquidity failure and limited upside make it less attractive.

Credit: $2.48-$3.03

Max loss: $11.97

BE: $331.97

Mgmt: Close early if stock drops near $335 or after earnings. Liquidity warning: Liquidity constraints: long_put: Wide spread (65%).

Conservative trader seeking income with defined risk.

Watchlist Triggers

Entry Triggers

IFIF spot > 358 and low vol persists → Buy 2026-07-24 $360/$385 call spread for 7.65-9.35

IFIF spot breaks 358 with call flow → Buy 2026-07-24 $385 call for 6.14-7.51

IFIF spot holds above 357.5 and low vol → Sell 2026-07-24 $335/$320 put spread for 2.48-3.03

Adjustment Triggers

ADJIF spot reaches 375 resistance → Take partial profit on long call or roll call spread

Exit Triggers

EXITIF spot closes below 357.5 → Exit bull call spread

EXITIF spot closes below 357.5 → Exit long call

Tactical Summary

Bullish bias next 1-2 weeks. Key support $357.5. Top play: bull call spread targeting $375. Manage if spot breaks $357.5. Also long call for aggressive upside. Put credit spread as alternative if liquidity improves.

How to Use These Reports

This directional reflects the market close on June 12, 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.