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GOOGL

Alphabet Inc.Close $382.97EOD only

Max Pain

$387.50

Next expiry May 26, 2026

Expected Move

±$5.76

1.5% from close

Price Gap

+4.53

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.90

Balanced positioning

Consensus

8.5/10

Bullish tilt

Published snapshot: May 22, 2026 close

End-of-day snapshot

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

Published Snapshot

May 22, 2026 close

GOOGL Directional Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

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You are viewing an older report from April 6, 2026. A newer directional report is available for May 22, 2026.

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Outlook

Bullish with pinning toward $300 and upside magnet to $305.67. Confidence: 7.5/10 — base score stands. Strong GEX +$96.4M and bullish flow support; conflict is spot 4.3% above max pain, creating gravity toward $288.

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.3% from MP

Supports: GEX +$96.4M (pinning), net premium +$12.4M, P/C vol 0.76
Conflicts: Spot $299.99 vs max pain $288 (4.3% above)

📊GEX +$19.2M at $300 creates strong pin magnet

💰Net premium +$12.4M and P/C vol 0.76 indicate bullish institutional flow

Regime Classification

Vol Regime

Normal

IV 39.1% vs no VIX given — normal vol regime

Gamma Regime

Pinning

GEX +$96.4M concentrated near spot, pinning regime

Flow Regime

Bullish

Net prem +$12.4M with P/C vol 0.76, bullish flow regime

Spot vs Max Pain

Above

Spot above max pain by 4.3%

Thesis duration: Multi-week — Max pain flat ~$288 across expirations, GEX sign stable positive, flow regime consistent — pinning likely persists 2-4 weeks

Price Range Forecast

Next 2 days

$294.31$305.67

GEX pin at $300 dominates; <$294.31 invalidates

Next 1 week

$290.21$309.76

Pin release widens range; resistance at $309.76

Next 2 weeks

$282.69$317.29

Flow supports; structural call wall $330-$350 caps

Key Levels

Max pain pins: $288 (2026-04-06); $288 (2026-04-08); $290 (2026-04-10)

EM guardrails: 2d $294.31/$305.67; 1w $290.21/$309.76

Support: $295.00 · $290.00 · $287.50

Resistance: $305.00 · $307.50 · $310.00

Gamma flip: ~$215.00 — Approx — based on put OI concentration of 16,541 (28.3% below spot)

Structural: Call OI wall $330-$350 caps upside; put floor $200-$215 distant

Dealer Positioning (GEX/DEX)

GEX: $+96.4M

DEX: +65.9M shares

Gamma flip: ~$215 (Approx — based on put OI concentration of 16,541 (28.3% below spot))

NTM gamma: GEX +$19.2M at $300; +$2.8M at $302.50; +$2.3M at $295.00

IV Analysis

IV vs VIX: IV 39.1% — no VIX given, assume normal

Term structure: Humped — 4/10 33.9% > 4/13 30.0% > 5/1 38.2%

Skew: 4/10 vs 4/13 ~4 vol-pt differential for calendar

Flow Analysis

Net premium: +$12.4M bullish; P/C vol 0.76

Directional prints: call 302.5 OTM 2026-04-08 — vol 6,515 vs OI 1,342 (4.8x) — likely bought calls for upside call 305 OTM 2026-04-08 — vol 5,689 vs OI 438 (13.0x) — fresh OI, bullish positioning

Unusual: 36.5 put 292.5 OTM 2026-04-10 — vol 7,771 vs OI 414 (18.8x) — large put buy for protection or bearish bet

Risks & Catalysts

!Gamma flip at ~$215 distant but put OI 16,541 creates floor

!Earnings 4/23 adds event risk and vol crush post-event

!Spot 4.3% above max pain creates pullback risk to $288

!VIX unknown — if elevated, adds tail risk

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Long stock	Moderate-Strong	Buy shares at $299.99	Pullback to max pain $288
Short stock	Weak	Avoid — bullish flow and GEX pin oppose	GEX pin pushes spot higher
Covered call	Moderate-Strong	Own shares, sell $305 call 4/13	Upside capped at resistance
Cash-secured put / put spread	Moderate-Strong	Sell $295/$290 put spread 4/13	Break below $290 support
Long calls	Moderate	Buy $302.50 call 4/13	IV 30.0% — time decay if pin holds
Long puts / bear put spreads	Moderate-Weak	Avoid — opposes bullish regime	GEX pin resists downside
Iron condor	Moderate	$295/$290P x $305/$310C 4/13	Spot near range edges; VIX unknown adds risk
Calendar/diagonal	Moderate-Strong	Sell 4/10 33.9% IV, buy 4/13 30.0% IV regular calendar at $300	Pin breaks before expiry
PMCC / LEAPS diagonal	Moderate	Buy 2027-01-15 $255 call, sell 4/13 $305 call	Capital intensive; time decay on short leg

Top Plays

Put Spread

Sell $295/$290 put spread 4/13

Defined-risk premium below pin with support at $295/$290

Credit: $0.85-$1.05

Max loss: $4.15

BE: $294.15

Mgmt: Close at 60-70% max profit; stop if spot <$290

Traders bullish but wanting downside buffer

Covered Call

Own shares, sell $305 call 4/13

Income generation with upside to resistance $305

Credit: $2.60-$2.87

Max loss: unlimited below cost basis

BE: share cost minus credit

Mgmt: Roll up if spot approaches $305; close at 50% profit

Shareholders wanting yield in pinning regime

Regular Calendar

Sell 4/10 $300 call (33.9% IV), buy 4/13 $300 call (30.0% IV)

+3.9 vol-pt edge from term structure hump, benefits from pin at $300

Debit: $0.15-$0.25

Max loss: debit paid

BE: Pin holds with vol decay on short leg

Mgmt: Close before 4/10 expiry; stop if spot moves >±2% from $300

Vol traders exploiting IV differential with multi-week thesis

Watchlist Triggers

Entry Triggers

IFSpot tags $295 support and holds 1 hour → Sell $295/$290 put spread 4/13

IFIV on 4/10 expiry rises above 35% → Sell 4/10 $300 call, buy 4/13 $300 call

Exit Triggers

EXITSpot reaches $305.67 (2d EM high) → Take profit on long calls and covered calls

EXITVIX spikes above 30 (if data available) → Exit all short premium positions

Tactical Summary

Bullish pinning toward $300 with upside to $305.67. Invalidation: <$290. Regime favors short premium below pin and calendar spreads. Top plays: put spread for defined risk, covered call for shareholders, calendar for vol edge.

How to Use These Reports

This directional reflects the market close on April 6, 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.