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GOOGL

Alphabet Inc.Close $369.35EOD only
Max Pain
$355.00
Next expiry Jun 17, 2026
Expected Move
±$7.48
2.0% from close
Price Gap
-14.35
Distance to max pain
IV Rank
63
High premium
P/C OI
0.84
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
GOOGL Directional Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish near-term on dealer gamma & flow; but spot above MP & tech drag.

Confidence:
8.5 / 10
Base5 +2GEX/flow +1GEXpin -0.5spotDist +1VIX16 =8.5
Supports: GEX+$149.8M, bullish flow, normal vol
Conflicts: Spot 3.7%>MP, QQQ-1.9%, gamma flip $320
📈Dealer gamma support near $360
⚠️Spot above MP; tech weakness

Regime Classification

Vol Regime
Normal
Normal vol; VIX16.4
Gamma Regime
Pinning
Pinning; GEX+$149.8M, flip~$320
Flow Regime
Bullish
Bullish net premium
Spot vs Max Pain
Above
Spot 3.7% above MP $360
Thesis duration: Event-specific — Expirations June17/18/22 pin

Price Range Forecast

Next 2 days
$367.98$378.52
Sup367.98 Res378.52 pin
Next 1 week
$363.23$383.27
Break383.27 sup363.23
Next 2 weeks
$364.65$381.85
Range364.65-381.85 flip$320

Key Levels

Max pain pins: $360 (2026-06-17); $330 (2026-06-18); $362 (2026-06-22)
EM guardrails: 2d $367.98/$378.52; 1w $363.23/$383.27
Support: $364.65 · $360.00
Resistance: $381.85 · $400.00 · $410.00
Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,191 (14.3% below spot)
Structural: Sup364.65 360, Res381.85 400 410, flip$320

Dealer Positioning (GEX/DEX)

GEX: $+149.8M

DEX: +84.6M shares

Gamma flip: ~$320 (Approx — based on put OI concentration of 17,191 (14.3% below spot))

NTM gamma: GEX+$149.8M positive, flip~$320

IV Analysis

IV vs VIX: IV moderate vs VIX16.4

Term structure: Normal contango

Skew: Put skew high; sell puts near support

Flow Analysis

Net premium: Calls dominate with $166M net premium; put/call volume ratio 0.33 indicates strong bullish flow.

Directional prints: 25.5 call 372.5 ITM 2026-06-17 — Vol/OI 36.8, heavy volume suggests bought, bullish. 25.5 call 380 OTM 2026-06-17 — Vol/OI 29.4, large open interest increase, likely bought, bullish. 25 call 375 OTM 2026-06-17 — Vol/OI 8.5, consistent call buying.

Unusual: 25.4 put 367.5 OTM 2026-06-17 — Vol/OI 34.9, unusual put buying, possibly hedging. 40.9 call 555 OTM 2026-09-18 — Vol/OI 15.3, long-dated call with high IV, speculative. 39.4 call 395 OTM 2026-06-17 — Vol/OI 5.7, tiny premium, high IV, lotto.

Risks & Catalysts

!Spot above MP
!Tech weakness
!Gamma flip $320
!Macro

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Put credit spreadModerate-Strong
Sell 2026-07-24 $345.00/$340.00 put spread
Why now: Strong bullish flow and dealer gamma support; defined risk limits tech drag downside.
Upside capped; pin risk if spot rallies above short strike.
Bull call spreadModerate
Buy 2026-07-24 $390.00/$400.00 call spread
Why now: Calls dominate flow; bull call spread limits cost and risk while providing upside.
Max loss limited to net debit; time decay if no move before expiration.
Cash-secured putModerate-Weak
Sell 2026-07-24 $345.00 cash-secured put
Why now: Bullish flow and gamma support; cash-secured put offers premium income with discount entry if assigned.
Full downside exposure if stock declines below strike.

Top Plays

#1
Put Credit Spread
Sell 2026-07-24 $345.00/$340.00 put spread
Sells put spread for premium with capped loss.
Why this play: Defined risk limits tech downside; aligns with bullish flow.
Credit: $0.85-$1.04
Max loss: $3.96
BE: $343.96
Mgmt: Exit if stock breaks $364.65; take profit at 50% max.
Risk-averse bullish traders.
#2
Bull Call Spread
Buy 2026-07-24 $390.00/$400.00 call spread
Buys call spread for leveraged upside with limited cost.
Why this play: Direct upside capture from strong call dominance.
Debit: $2.68-$3.27
Max loss: $3.27
BE: $393.27
Mgmt: Close at 50% profit or expiration; monitor invalidation.
Aggressive short-term bulls.
#3
Cash-Secured Put
Sell 2026-07-24 $345.00 cash-secured put
Sells put to earn premium; may buy shares if assigned.
Why this play: Higher premium but higher risk; last due to assignment risk.
Credit: $4.21-$5.14
Max loss: $339.86
BE: $339.86
Mgmt: Roll if tested; assign and sell calls if needed.
Income-focused traders willing to hold stock.

Watchlist Triggers

Entry Triggers
IFIF GOOGL holds above 364.65 → THEN sell $345/$340 put spread
IFIF GOOGL breaks above 381.85 → THEN buy $390/$400 call spread
Adjustment Triggers
ADJIF GOOGL above 400 or profit >50% → THEN close bull call spread
Exit Triggers
EXITIF GOOGL breaks below 364.65 → THEN exit all positions

Tactical Summary

Bullish near-term, support 364.65, resistance 381.85/400/410. Enter PCS above support; add BCS above 381.85. Exit if support breaks.
How to Use These Reports
This directional reflects the market close on June 16, 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.