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GOOGL

Alphabet Inc.Close $364.26EOD only

Max Pain

$362.50

Next expiry Jun 10, 2026

Expected Move

±$5.36

1.5% from close

Price Gap

-1.76

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.85

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 9, 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

Jun 9, 2026 close

GOOGL Directional Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

GOOGL in pinning regime with bullish flow and strong dealer gamma support; spot near $362 max pain for 6/10 expiry; upside bias despite broad market weakness.

Confidence:

9 / 10

Base 5 from history; +2 GEX/flow aligned; +1 GEX positive pinning; +1 spot 0.5% from MP; +0.5 VIX ~20.

Supports: Bullish flow, positive GEX, pinning at $362, spot near MP.
Conflicts: Broad market weakness (QQQ -1.15%, SPY -0.29%), resistance at $380.86.

📈Bullish flow aligns with dealer gamma

📍Pinning at $362 offers near-term stability

⚠️Watch gamma flip at $345 as downside risk

Regime Classification

Vol Regime

Normal

Normal vol at VIX 19.87; ticker IV likely in line.

Gamma Regime

Pinning

Positive gamma with $362 max pain; delta hedging supports stabilization.

Flow Regime

Bullish

Call premium dominates, net bullish positioning.

Spot vs Max Pain

Spot near max pain $362, likely to pin for upcoming expiry.

Thesis duration: Event-specific — Upcoming option expiries on 6/10, 6/12, 6/15 create pinning dynamics.

Price Range Forecast

Next 2 days

$358.91$369.62

Pin at $362; range $358.91-$369.62

Next 1 week

$352.49$376.04

Expiries and gamma flip risk; range $352.49-$376.04

Next 2 weeks

$347.66$380.86

Broader range $347.66-$380.86; upside capped by resistance

Key Levels

Max pain pins: $362 (2026-06-10); $370 (2026-06-12); $368 (2026-06-15)

EM guardrails: 2d $358.91/$369.62; 1w $352.49/$376.04

Support: $362.50 · $347.66 · $345.00

Resistance: $380.86 · $400.00

Gamma flip: ~$345.00 — Approx — based on put OI concentration of 16,472 (5.3% below spot)

Structural: Max pain pins: $362 (6/10), $370 (6/12), $368 (6/15). Support: $362.5, $347.66, $345. Resistance: $380.86, $400. Gamma flip at $345. EM guardrails: 2d $358.91/$369.62; 1w $352.49/$376.04

Dealer Positioning (GEX/DEX)

GEX: $+74.6M

DEX: +82.2M shares

Gamma flip: ~$345 (Approx — based on put OI concentration of 16,472 (5.3% below spot))

NTM gamma: GEX +$74.6M; DEX +82.2M shares; gamma flip ~$345 (put OI concentration).

IV Analysis

IV vs VIX: Ticker IV slightly elevated vs VIX due to event risk, but not extreme.

Term structure: Flat near term with kinks at weekly expiries; slight backwardation for longer expiries.

Skew: Put skew elevated, but call demand from flow suggests opportunity in upside call spreads.

Flow Analysis

Net premium: Net bullish, $118M premium, P/C vol 0.51, calls dominate.

Directional prints: 27.2 call 375 OTM 2026-06-10 — Vol 21625 vs OI 1239 (17.4x), aggressive call buying, likely bought for upside. 25.5 call 370 OTM 2026-06-10 — Vol 18460 vs OI 1911 (9.7x), strong call accumulation, bullish. 25.3 call 367.5 OTM 2026-06-10 — Vol 16734 vs OI 697 (24x), highest ratio, likely purchased.

Unusual: 25.3 call 367.5 OTM 2026-06-10 — Vol/OI 24x, extreme, bought. 26.2 call 372.5 OTM 2026-06-10 — Vol/OI 18.4x, unusual call buying. 27.5 put 365 ITM 2026-06-10 — Vol/OI 17.7x, unusual put activity, possibly hedging.

Risks & Catalysts

!Broad market weakness

!Gamma flip at $345

!Resistance at $380.86

!Event risk from expiries

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-08-21 $365.00/$400.00 call spread Why now: Buy call spread to cap cost; use 360/380 strikes after earnings.	Underperformance if broad weakness persists.
Put credit spread	Moderate	Sell 2026-08-21 $325.00/$300.00 put spread Why now: Collect premium with defined risk; use 345/330 strikes after earnings.	Sharp sell-off could breach short put.
Long call	Moderate-Strong	Buy 2026-08-21 $400.00 call Why now: Simple upside bet with limited downside; use delta ~0.35.	Time decay if stock stays range-bound.
Cash-secured put	Moderate-Weak	Sell 2026-08-21 $335.00 cash-secured put Why now: Collect premium while willing to own at lower price; post-earnings.	Stock could drop well below strike.

Top Plays

Bull call spread

Buy 2026-08-21 $365.00/$400.00 call spread

Captures upside with capped cost, leveraging the bullish flow and solid support near $362.

Why this play: Best risk/reward for bullish thesis given aggressive call flow and dealer gamma support.

Debit: $11.54-$14.11

Max loss: $14.11

BE: $379.11

Mgmt: Exit if GOOGL breaks below $362.5; target near $400.

Moderate bullish traders seeking defined risk.

Long call

Buy 2026-08-21 $400.00 call

Direct expression of bullish bias, benefiting from continued call buying and gamma acceleration.

Why this play: Simple upside bet with unlimited upside; strong call flow supports further gains.

Debit: $10.69-$13.06

Max loss: $13.06

BE: $413.06

Mgmt: Set stop at $362.5; take partial profits above $400.

Aggressive traders comfortable with time decay.

Put credit spread

Sell 2026-08-21 $325.00/$300.00 put spread

Extracts time premium from neutral-to-bullish posture, supported by dealer hedging.

Why this play: Collects premium while maintaining bullish view; lower risk than naked put.

Credit: $3.80-$4.65

Max loss: $20.35

BE: $320.35

Mgmt: Monitor gamma flip at $345; roll if breached.

Cautious bullish traders seeking income with defined risk.

Watchlist Triggers

Entry Triggers

IFGOOGL holds above $362.5 with bullish flow → Enter bull call spread: buy 2026-08-21 $365/$400 call spread near $11.54-$14.11

IFGOOGL rallies above $362.5 with strong call volume → Buy 2026-08-21 $400 call near $10.69-$13.06

Exit Triggers

EXITGOOGL closes below $362.5 → Exit all long bullish positions

Tactical Summary

Bullish bias with pinning near $362 max pain. Support at $362.5, resistance at $380.86/$400. Favor bull call spread or long call. Invalidation below $362.5. Monitor broad market weakness and gamma flip at $345.

How to Use These Reports

This directional reflects the market close on June 9, 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.