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GOOG

Alphabet Inc.Close $367.46EOD only

Max Pain

$365.00

Next expiry Jun 26, 2026

Expected Move

±$12.53

3.4% from close

Price Gap

-2.46

Distance to max pain

IV Rank

100

High premium

P/C OI

0.81

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

GOOG Directional Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias driven by strong bullish flow, positive dealer gamma pinning near resistance, and spot above max pain. Confidence base 8.0 reflects aligned factors despite distance from MP.

Confidence:

8 / 10

Base 5; +2 GEX/flow aligned; +1 positive GEX pinning; -1 spot 11.4% above MP; +1 VIX 16 supportive.

Supports: Bullish flow, positive GEX, VIX 16, resistance pinning $375-380
Conflicts: Spot 11% above MP, potential mean reversion; gamma flip at $330

📈Bullish flow with dealer pinning

📌Gamma pinning near resistance ~$375-380

⚠️Spot 11% above MP, pullback risk

Regime Classification

Vol Regime

Normal

Normal vol; VIX 16.4 supportive for options selling.

Gamma Regime

Pinning

Positive GEX $+91.4M, pinning expected near $375-380 resistance; gamma flip at $330 (deep put OI).

Flow Regime

Bullish

Net bullish premium flow, calls dominant.

Spot vs Max Pain

Above

Spot ~$367 above MP $330 (6/18), 11.4% gap suggests minor resistance but flow supports.

Thesis duration: Multi-week — Flow and positive gamma support multi-week bullish push into 2-week resistance, aligned with expiry cycles.

Price Range Forecast

Next 1 week

$354.93$379.98

Resistance $375-380; support $354.93

Next 2 weeks

$350.58$384.33

Extended target $384.33; support $350.58

Key Levels

Max pain pins: $330 (2026-06-18); $365 (2026-06-26); $368 (2026-07-02)

EM guardrails: 1w $354.93/$379.98

Support: $350.58

Resistance: $375.00 · $380.00 · $384.33

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 26,159 (10.2% below spot)

Structural: Support 350.58; Resistance 375/380/384.33; Gamma flip ~$330; Max pain pins: $330 6/18, $365 6/26, $368 7/02.

Dealer Positioning (GEX/DEX)

GEX: $+91.4M

DEX: +61.9M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 26,159 (10.2% below spot))

NTM gamma: GEX +$91.4M, DEX +61.9M shares; gamma flip ~$330 (put OI 26,159).

IV Analysis

IV vs VIX: IV likely near VIX 16.4; no mispricing.

Term structure: Normal contango, no event kinks.

Skew: Put skew elevated at $330; no actionable structure.

Flow Analysis

Net premium: Net premium $107.3M, P/C vol ratio 0.51, strong bullish bias.

Directional prints: 16.4 call 365 ITM 2026-06-18 — 14827 vol vs 4902 OI (3.0x), $2.2 last. Aggressive call buying, bullish. Likely bought. 6.5 call 367.5 OTM 2026-06-18 — 9886 vol vs 1332 OI (7.4x), $0.39 last. Heavy call volume, bullish bet. Likely bought.

Unusual: 30.4 call 370 OTM 2026-07-02 — 6866 vol vs 788 OI (8.7x), $7.5 last. Extreme vol/OI, aggressive call buying, bullish. 48.6 call 362.5 ITM 2026-06-18 — 6057 vol vs 1220 OI (5.0x), $5.7 last. High IV, unusual call activity, bullish intent. 11.7 put 362.5 OTM 2026-06-18 — 3096 vol vs 754 OI (4.1x), $0.01 last. Low IV, likely sold puts, bullish.

Risks & Catalysts

!Pullback to MP $330

!Break below $355 support

!Vol spike from macro event

!Market reversal negating flow

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-24 $380.00/$405.00 call spread Why now: Strong flow and positive GEX near resistance favor bullish defined-risk debit spread.	If price stays below short strike, max loss equals debit paid.
Put credit spread	Moderate	Sell 2026-07-24 $345.00/$325.00 put spread Why now: Put credit spread at key support aligns with bullish bias and low vol environment.	If price drops below short strike, max loss = width - credit received.
Bullish risk reversal	Moderate-Strong	Buy 2026-08-21 $375.00 call / sell 2026-08-21 $330.00 put Why now: Low IV post-earnings and bullish flow make risk reversal attractive for leveraged upside.	Unprotected downside if price falls below short put strike.
Long call	Strong	Buy 2026-07-24 $360.00 call Why now: Unusual call volume at 365 and bullish bias support a long call in line with duration.	Time decay and implied volatility contraction post-earnings.

Top Plays

Bull Call Spread

Buy 2026-07-24 $380.00/$405.00 call spread

Buy $380/$405 call spread ahead of earnings to capture upside with capped loss.

Why this play: Best defined risk play aligning with bullish flow and positive GEX near resistance.

Debit: $5.47-$6.68

Max loss: $6.68

BE: $386.68

Mgmt: Exit near $405 or if spot breaks below $350.58.

Traders seeking bullish exposure with limited risk and defined profit target.

Long Call

Buy 2026-07-24 $360.00 call

Buy $360 call to capitalize on expected rally post earnings.

Why this play: Directly leverages unusual call volume and bullish bias for multi-week momentum.

Debit: $17.75-$21.70

Max loss: $21.70

BE: $381.70

Mgmt: Consider rolling if spot stays below $360; stop loss at $350.58.

Aggressive traders confident in sustained upside and willing to pay premium.

Put Credit Spread

Sell 2026-07-24 $345.00/$325.00 put spread

Sell $345/$325 put spread to profit from bullish bias and support holding.

Why this play: Low risk premium collection at key support in low vol environment.

Credit: $3.06-$3.73

Max loss: $16.27

BE: $341.27

Mgmt: Close at 50% profit or if spot breaches $350.58.

Conservative traders seeking income with defined max loss.

Watchlist Triggers

Entry Triggers

IFSpot > $355 with bullish flow → Buy 2026-07-24 $380/$405 call spread

IFSpot breaks $365 upward → Buy 2026-07-24 $360 call

IFSpot near $350.58 support → Sell 2026-07-24 $345/$325 put spread

Exit Triggers

EXITSpot < $350.58 → Exit all bullish positions

Tactical Summary

Bullish bias, strong flow, positive gamma pin. Support $350.58, resistance $375/$380/$384.33. Enter bull call spread above $355, long call on $365 break, put credit spread at $350.58. Exit all if $350.58 breaks.

How to Use These Reports

This directional reflects the market close on June 18, 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.