thetaOwl

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 Flow Report
Analysis based on market close June 18, 2026

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

Flow Verdict

BiasBullish
Confirmation: Continued call volume dominance and spot holding above gamma flip (330)
Invalidation: Breakdown below gamma flip (330) or shift to put-heavy flow
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.4% from MP; +1 VIX 16

Watch next session: Monitor call buying persistence; Watch spot vs 362.5/367.5

Flow Summary

Net premium: +$107.3M bullish

P/C volume ratio: 0.51

P/C OI ratio: 0.81

Heavy call accumulation across expirations suggests bullish gamma positioning; net premium positive and low put/call ratios confirm strong upward flow. High confidence but spot far from MP (11.4%) introduces caution.

Notable Prints

#1
GOOG 2026-07-02 $370.00 Call
Vol: 6,866
OI: 788
Vol/OI: 8.7x
IV: 30.4%
Notional: ~$5.1M
Intent: Bullish speculation

Read-through: Expects upside to $370+

#2
GOOG 2026-06-18 $367.50 Call
Vol: 9,886
OI: 1,332
Vol/OI: 7.4x
IV: 6.5%
Notional: ~$386K
Intent: Large ATM call accumulation

Read-through: Immediate bullish conviction

#3
GOOG 2026-06-18 $362.50 Call
Vol: 6,057
OI: 1,220
Vol/OI: 5.0x
IV: 48.6%
Notional: ~$3.5M
Intent: Bullish

Read-through: Bet on further rise

#4
GOOG 2026-08-21 $370.00 Call
Vol: 5,246
OI: 1,229
Vol/OI: 4.3x
IV: 37.9%
Notional: ~$11.3M
Intent: Long-term bullish
Dual read: Potential earnings play

Read-through: Anticipates higher prices by Aug

#5
GOOG 2026-06-18 $362.50 Put
Vol: 3,096
OI: 754
Vol/OI: 4.1x
IV: 11.7%
Notional: ~$3K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated at 365 (6/18) and 370 (7/2, 8/21); also 362.5, 385

Put additions: Small put accumulation at 357.5 and 352.5 (6/18) likely hedging

GEX/DEX consistency: Aligned: GEX positive $91.4M, DEX +61.9M; flow adds to bullish gamma

OI clusters: Largest call OI at 365 (4,902); put OI at 357.5 (1,375); gamma flip at 330

Hedging evidence: Puts near zero premium suggest protective collars or closing; call buying aggressive

Max pain context: Spot above max pain; positive gamma may pin near 365-370 weeklies

Signal vs Noise

~Unusual call volume at 365 and 367.5 with >5x OI is strong bullish signal
~Positive net premium $107M confirms institutional accumulation
~Put volume at 362.5 and 357.5 with near-zero premium is noise (likely hedges)

Key Conclusions

📈Institutions adding calls at 365-370 strikes; GEX pinning supports near-term stability above MP
High vol/oi on 6/18 365 and 367.5 calls signal aggressive buying ahead of expiry
🛡️Low premium puts at 357.5 suggest downside hedges but not bearish conviction
How to Use These Reports
This flow 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.