Home Options GOOGLReports

GOOGL

Alphabet Inc.Close $368.03EOD only

Max Pain

$365.00

Next expiry Jun 22, 2026

Expected Move

±$6.35

1.7% from close

Price Gap

-3.03

Distance to max pain

IV Rank

100

High premium

P/C OI

0.82

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

GOOGL Directional Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias supported by strong dealer GEX/flow alignment, positive gamma pinning, and normal vol, but offset by spot 12.4% above MP. Multi-week upside toward resistance at $385.

Confidence:

8 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; +1 VIX 16; -1 spot far from MP.

Supports: GEX +$169.2M, DEX +87.1M shares, bullish flow, normal vol, pin at $365.
Conflicts: Spot 12.4% above MP ($328), gamma flip at $320, resistance $385/$400.

📈Dealer positioning strongly bullish: GEX +$169M, DEX +87M shares

🎯Gamma pin at $365 on nearest expiry (6/22) supports upside

⚠️Spot 12.4% above MP ($328) creates pullback risk

Regime Classification

Vol Regime

Normal

Normal; VIX 16.4 supports moderate environment; no events near.

Gamma Regime

Pinning

Pinning; GEX +$169.2M positive; $365 key pin on nearby expiry.

Flow Regime

Bullish

Bullish; net premium positive; low P/C suggests buying pressure.

Spot vs Max Pain

Above

Above; spot ~$350 vs MP $328 (12.4% above).

Thesis duration: Multi-week — Bullish dealer position and normal vol support multi-week thesis; gamma pin and flow alignment provide near-term confidence.

Price Range Forecast

Next 1 week

$357.80$378.25

Range $357.80-$378.25; pin at $365 supports mid-upper

Next 2 weeks

$351.05$385.00

Range $351.05-$385; resistance at $385; buy dips to support

Key Levels

Max pain pins: $328 (2026-06-18); $365 (2026-06-22); $358 (2026-06-24)

EM guardrails: 1w $357.80/$378.25

Support: $351.05

Resistance: $385.00 · $400.00

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,307 (13.1% below spot)

Structural: Max pain pins: $328 (6/18), $365 (6/22), $358 (6/24). EM guardrails 1w $357.80/$378.25. Support $351.05. Resistance $385, $400. Gamma flip ~$320.

Dealer Positioning (GEX/DEX)

GEX: $+169.2M

DEX: +87.1M shares

Gamma flip: ~$320 (Approx — based on put OI concentration of 17,307 (13.1% below spot))

NTM gamma: GEX +$169.2M, DEX +87.1M shares, gamma flip ~$320 (put OI concentration).

IV Analysis

IV vs VIX: Vol regime Normal suggests IV in line with VIX; moderate environment supports bullish positioning.

Term structure: Not specified; typical upward-sloping in normal vol; no event kinks noted.

Skew: Skew likely put-heavy near flip; no clear vol opportunity without more data.

Flow Analysis

Net premium: Net premium +$125.5M, P/C vol ratio 0.50, favoring calls.

Directional prints: 37.7 call 362.5 ITM 2026-06-18 — Aggressive call buying, vol/OI 20.2x, bullish directional bet. 38 call 420 OTM 2026-10-16 — Long-dated call accumulation, bullish view on higher prices. 20.6 call 365 ITM 2026-06-22 — Sustained call buying, bullish momentum.

Unusual: 7.5 put 367.5 OTM 2026-06-18 — Low IV put selling, likely bull put spread or closing. 110.7 put 392.5 ITM 2026-06-18 — High IV ITM put, unusual; possibly hedging or panic. 20.6 put 360 OTM 2026-06-22 — Put activity elevated, low premium, likely defensive.

Risks & Catalysts

!Spot 12.4% above MP could trigger mean reversion.

!Gamma flip at $320 if spot declines sharply.

!Resistance at $385/$400 may cap upside.

!Unexpected VIX spike could disrupt pinning.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-07-24 $390.00/$400.00 call spread Why now: Defined-risk bullish play with post-earnings catalyst; use 36 DTE to capture earnings move.	Spot 12.4% above MP may limit upside; resistance at $385/$400 caps gains.
Bullish risk reversal	Moderate-Strong	Buy 2026-07-24 $390.00 call / sell 2026-07-24 $340.00 put Why now: Post-earnings bullish bias; risk reversal captures convexity at zero cost.	Unlimited upside risk on short put if spot declines; gamma flip at $320.
Cash-secured put	Moderate	Sell 2026-07-24 $345.00 cash-secured put Why now: High IV post-earnings offers attractive premium; support near $350 aligns with bullish thesis.	Assignment risk if spot drops below strike; opportunity cost if rally continues.
Put credit spread	Moderate	Sell 2026-07-24 $345.00/$335.00 put spread Why now: Dealer gamma pinning supports spot; selling put spread captures time decay near earnings.	Spot decline below short strike results in max loss; gamma flip at $320.

Top Plays

Bull Call Spread

Buy 2026-07-24 $390.00/$400.00 call spread

Buy 390/400 call spread to express bullish view with limited risk.

Why this play: Defined risk capturing earnings upside; best alignment with bullish flow and normal vol.

Debit: $1.96-$2.39

Max loss: $2.39

BE: $392.39

Mgmt: Exit near $400 or at earnings; stop if spot breaks $351.

Traders seeking defined-risk earnings plays.

Cash-Secured Put

Sell 2026-07-24 $345.00 cash-secured put

Sell cash-secured put to collect premium with bullish outlook.

Why this play: Attractive premium from elevated IV; support near $350 aligns with thesis.

Credit: $4.61-$5.64

Max loss: $339.36

BE: $339.36

Mgmt: Roll if spot approaches $350; close at 50% profit.

Income-oriented traders with cash collateral.

Put Credit Spread

Sell 2026-07-24 $345.00/$335.00 put spread

Sell 345/335 put spread for credit with defined risk.

Why this play: Dealer gamma pinning supports spot; selling put spread captures time decay.

Credit: $1.61-$1.97

Max loss: $8.03

BE: $343.03

Mgmt: Take profit at 50% max; stop if spot breaks $351.

Conservative bullish traders wanting defined risk.

Watchlist Triggers

Entry Triggers

IFGOOGL holds above $351.05 support → Buy 2026-07-24 $390/$400 call spread (bull call spread)

IFGOOGL pulls back to near $351 support → Sell 2026-07-24 $345 cash-secured put

Exit Triggers

EXITGOOGL breaks below $351.05 → Exit all bullish positions (bull call spread, cash-secured put)

Tactical Summary

Bullish bias with earnings catalyst; IV supports premium selling. Support $351, resistance $385/$400. Top play: Bull Call Spread for defined-risk upside. Monitor $351 for invalidation.

How to Use These Reports

This directional 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.