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GOOGL

Alphabet Inc.Close $359.68EOD only

Max Pain

$355.00

Next expiry Jun 15, 2026

Expected Move

±$6.67

1.9% from close

Price Gap

-4.68

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.82

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

GOOGL Directional Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer directional report is available for June 12, 2026.

View latest report

Outlook

Bullish bias: spot 2% below max pain $365, positive dealer gamma ($+18.6M GEX) and bullish flow support drift higher. Resistance at $365; break opens $376.92.

Confidence:

9 / 10

Base 9: +2 GEX/flow aligned, +1 pinning, +0.5 spot vs MP, +0.5 VIX 19

Supports: Strong GEX, bullish flow, pinning, normal vol
Conflicts: Resistance $365; limited upside if not broken

📊GEX +18.6M, gamma pinning near $365

📌Spot 2% below max pain, room to drift up

⚠️Resistance $365 key; failure could stall

Regime Classification

Vol Regime

Normal

Normal vol (VIX 19), GOOGL IV in line

Gamma Regime

Pinning

Positive GEX $+18.6M, pinning near $365, no flip risk

Flow Regime

Bullish

Bullish flow: call-heavy, net premium buying

Spot vs Max Pain

Below

Spot ~$358, 2% below max pain $365, supports upward grind

Thesis duration: Event-specific — Gamma pinning ties to weekly $365; multi-week uncertain due to resistance

Price Range Forecast

Next 2 days

$351.35$364.18

Drift to $365, supported by gamma

Next 1 week

$345.12$370.42

Target $365-370, break opens $370.42

Next 2 weeks

$338.62$376.92

After pinning, range $338-377

Key Levels

Max pain pins: $365 (2026-06-12); $365 (2026-06-15); $360 (2026-06-17)

EM guardrails: 2d $351.35/$364.18; 1w $345.12/$370.42

Support: $338.62

Resistance: $365.00 · $376.92

Structural: Support $351.35 (2d), $345.12 (1w), $338.62 (2w). Resistance $365 (gamma pin), $376.92 (range high). Max pain $365.

Dealer Positioning (GEX/DEX)

GEX: $+18.6M

DEX: +81.2M shares

Gamma flip: N/A

NTM gamma: Dealers long gamma ($+18.6M GEX, +81.2M shares DEX), hedge by buying dips/selling rips, stabilizing near $365.

IV Analysis

IV vs VIX: GOOGL IV in line with VIX 19, normal tech vol

Term structure: Flat to slight contango; weeklies event-pinned at $365

Skew: Call skew elevated; consider selling puts near support $351

Flow Analysis

Net premium: Net premium +$197M, P/C vol ratio 0.52 (call heavy), OI ratio 0.87 neutral; overall bullish flow.

Directional prints: 44.1 call 350 ITM 2026-06-12 — Vol/OI 67.4, massive new buying; likely bought for bullish momentum. Preferred read: long call. 39.6 call 355 ITM 2026-06-12 — Vol/OI 27.8, strong new buying; bought as OTM upside bet. Preferred read: long call. 32.3 call 360 OTM 2026-06-12 — Vol/OI 15.5, 22k vol vs 1.4k OI; bought for further upside. Preferred read: long call.

Unusual: 44.1 call 350 ITM 2026-06-12 — Extreme vol/OI 67.4, unusual concentration; likely bought, speculative. 39.6 call 355 ITM 2026-06-12 — Vol/OI 27.8, high; new bullish positioning. Preferred read: long call. 32.8 call 357.5 ITM 2026-06-12 — Vol/OI 26.4, notable; bought for upside. Preferred read: long call.

Risks & Catalysts

!Failure to break $365 could trigger pullback to $351

!Macro event may spike VIX, unwind gamma pinning

!Dealer hedging caps upside if spot stalls

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-06-26 $370.00/$380.00 call spread Why now: Bull call spread captures upside with defined risk, aligns with 1-week bullish lean and resistance target.	Upside capped at $365; pullback if resistance holds.
Put credit spread	Moderate	Sell 2026-06-26 $345.00/$335.00 put spread Why now: Bullish flow and positive dealer gamma support near-term premium sale.	Break below short put strike increases loss.
Bullish risk reversal	Moderate-Strong	Buy 2026-08-21 $380.00 call / sell 2026-08-21 $325.00 put Why now: Earnings event suggests potential breakout; risk reversal finances a longer-dated call with put credit, suitable for 65-75 DTE window.	Unlimited downside if spot plunges; put sold obligates purchase.

Top Plays

Bull Call Spread

Buy 2026-06-26 $370.00/$380.00 call spread

Captures $370-$380 rally with limited risk.

Why this play: Best defined-risk play for near-term upside with clear resistance target.

Debit: $2.19-$2.68

Max loss: $2.68

BE: $372.68

Mgmt: Exit at 50% gain or if spot breaks below invalidation level.

Traders wanting high reward-to-risk on short-dated bullish view.

Put Credit Spread

Sell 2026-06-26 $345.00/$335.00 put spread

Sells put spread below support to collect premium.

Why this play: High probability premium sale supported by bullish flow and gamma pinning.

Credit: $1.52-$1.85

Max loss: $8.15

BE: $343.15

Mgmt: Let expire worthless or close at 75% profit.

Income-focused traders with neutral-to-bullish outlook.

Bullish Risk Reversal

Buy 2026-08-21 $380.00 call / sell 2026-08-21 $325.00 put

Long call financed by short put for upside participation.

Why this play: Leveraged long exposure with zero cost if managed for earnings.

Debit: $5.47-$6.68

Max loss: $325.00

BE: $325.00

Mgmt: Roll or close before earnings to avoid binary event risk.

Aggressive traders expecting a large move post-earnings.

Watchlist Triggers

Entry Triggers

IFIF spot breaks above $365 with volume → THEN buy 2026-06-26 $370/$380 call spread

IFIF spot holds above $345 and bullish lean persists → THEN sell 2026-06-26 $345/$335 put spread

IFIF spot approaches $365 with strong momentum ahead of earnings → THEN initiate 2026-08-21 $380 call/$325 put risk reversal

Exit Triggers

EXITIF spot breaks below $338.62 → THEN close all positions

Tactical Summary

Bullish bias, resistance $365. Prefer bull call spread or put credit spread near-term; risk reversal for earnings. Invalidation $338.62.

How to Use These Reports

This directional reflects the market close on June 11, 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.