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GOOGL

Alphabet Inc.Close $346.13EOD only

Max Pain

$347.50

Next expiry Jun 24, 2026

Expected Move

±$5.55

1.6% from close

Price Gap

+1.37

Distance to max pain

IV Rank

Low premium

P/C OI

0.75

Slightly call-heavy

Consensus

5.5/10

Consensus signal

Published snapshot: Jun 23, 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 23, 2026 close

GOOGL Directional Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias with event-driven pinning near max pain $348, supported by bullish flow and normal vol, but negative gamma adds risk of sharp moves.

Confidence:

5.5 / 10

Base 5; -1 GEX/flow contradict; +1 spot 0.6% from MP; +0.5 VIX 18.63

Supports: Bullish flow, spot near max pain, normal vol
Conflicts: Negative GEX, broad market weakness (SPY/QQQ down)

📈Bullish flow supports upside bias

⚠️Negative GEX ($-37.6M) could amplify selloff

📌Spot pinned at max pain $348

Regime Classification

Vol Regime

Normal

Normal implied vol relative to typical range.

Gamma Regime

Trending

Negative gamma ($-37.6M GEX) amplifies directional moves.

Flow Regime

Bullish

Bullish net premium context suggests positive positioning.

Spot vs Max Pain

Spot near max pain $348, pinning possible.

Thesis duration: Event-specific — Multiple max pain dates this week (Jun 24, 26, 29) indicate event-driven pinning.

Price Range Forecast

Next 2 days

$336.74$353.84

Resistance at $347.5-$350, support $340

Next 1 week

$334.64$355.94

Support $340, resistance $355.94

Next 2 weeks

$326.27$364.32

Support $326.27, resistance $364.32

Key Levels

Max pain pins: $348 (2026-06-24); $352 (2026-06-26); $350 (2026-06-29)

EM guardrails: 2d $336.74/$353.84; 1w $334.64/$355.94

Support: $340.00 · $326.27 · $320.00

Resistance: $347.50 · $350.00 · $364.32

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,503 (7.3% below spot)

Structural: Support: $340, $326.27, $320. Resistance: $347.5, $350, $364.32. Gamma flip at $320.

Dealer Positioning (GEX/DEX)

GEX: $-37.6M

DEX: +73.7M shares

Gamma flip: ~$320 (Approx — based on put OI concentration of 17,503 (7.3% below spot))

NTM gamma: Dealer short gamma ($-37.6M GEX) and long delta (+73.7M DEX). Gamma flip near $320 based on put OI concentration.

IV Analysis

IV vs VIX: IV likely in line with VIX (18.63) given normal vol regime.

Term structure: Normal term structure with event kinks near weekly expiries.

Skew: Skew typical; no material skew opportunity identified.

Flow Analysis

Net premium: Bullish: $19.3M net premium, put/call vol ratio 0.47.

Directional prints: 21.9 call 355 OTM 2026-06-24 — Vol 70958, OI 4352, vol/OI 16.3. Heavy call buying on 0DTE OTM call. 8.4 call 342.5 ITM 2026-06-24 — Vol 15433, OI 952, vol/OI 16.2. ITM call sweep, likely bought for bullish exposure. 39.2 put 350 ITM 2026-06-24 — Vol 23830, OI 611, vol/OI 39.0. High IV ITM put, likely sold by institutions hedging.

Unusual: 16.8 call 352.5 OTM 2026-06-24 — Vol 56506, OI 1482, vol/OI 38.1, last 0.01. Extreme vol/OI on zero premium call; possibly manipulative. 27 put 347.5 ITM 2026-06-24 — Vol 18259, OI 878, vol/OI 20.8. ITM put with high vol/OI, likely hedging or bearish. 34.2 call 357.5 OTM 2026-07-02 — Vol 2786, OI 248, vol/OI 11.2. Weekly OTM call, speculative buying.

Risks & Catalysts

!Gamma flip at $320 could accelerate selloff.

!Failure to hold $340 support.

!Broad market weakness (SPY/QQQ negative).

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate-Strong	Sell 2026-07-24 $325.00/$310.00 put spread Why now: Bullish flow and max pain pinning near $348 favor limited downside.	Break below $340 could widen losses.
Bull call spread	Moderate	Buy 2026-07-24 $350.00/$380.00 call spread Why now: Bullish flow and OI support OTM call buying.	Limited upside if stock stalls.
Bullish risk reversal	Moderate-Strong	Buy 2026-07-24 $370.00 call / sell 2026-07-24 $320.00 put Why now: Strong call flow and normal vol support cheap put financing.	Short put exposure if stock drops below $335.
Cash-secured put	Moderate	Sell 2026-07-24 $330.00 cash-secured put Why now: Support expected near $340, premium pickup ahead of earnings.	Missed upside if stock rallies sharply.

Top Plays

Bull Call Spread

Buy 2026-07-24 $350.00/$380.00 call spread

Buy $350 call and sell $380 call to profit from moderate upside to $380.

Why this play: Best alignment with bullish flow and OTM call buying; limited risk, high reward potential.

Debit: $8.39-$10.26

Max loss: $10.26

BE: $360.26

Mgmt: Exit if stock drops below $340 invalidation level.

Traders expecting a modest rally to $380 before earnings.

Put Credit Spread

Sell 2026-07-24 $325.00/$310.00 put spread

Sell $325 put and buy $310 put, collecting premium with support expected.

Why this play: Bullish bias and max pain near $348 limit downside; defined risk.

Credit: $2.78-$3.40

Max loss: $11.60

BE: $321.60

Mgmt: Monitor $340 invalidation; roll if breached.

Income-focused traders with bullish outlook.

Bullish Risk Reversal

Buy 2026-07-24 $370.00 call / sell 2026-07-24 $320.00 put

Buy $370 call and sell $320 put to gain upside with limited downside risk.

Why this play: Cheap put financing via strong call flow, unlimited upside potential.

Debit: $0.83-$1.02

Max loss: $320.00

BE: $320.00

Mgmt: Watch invalidation at $340; adjust if gamma flip risk appears.

Aggressive traders seeking leverage for earnings upside.

Watchlist Triggers

Entry Triggers

IFGOOGL holds above $340 support with bullish momentum → Enter 2026-07-24 $350/$380 bull call spread

IFGOOGL remains above $340 invalidation level → Enter 2026-07-24 $325/$310 bull put spread

IFGOOGL above $340 and flow continues bullish → Enter bullish risk reversal: buy $370 call, sell $320 put

Exit Triggers

EXITGOOGL drops to $340 invalidation level → Exit all bullish positions

Tactical Summary

Bullish bias ahead of earnings. Primary entry on hold above $340, target resistance $347.5-$350. Use bull call spread for upside, bull put spread for income. Risk invalidation at $340; exit all if broken. Gamma flip at $320 is tail risk.

How to Use These Reports

This directional reflects the market close on June 24, 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.