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GOOGL

Alphabet Inc.Close $345.29EOD only

Max Pain

$352.50

Next expiry Jun 26, 2026

Expected Move

±$8.55

2.5% from close

Price Gap

+7.21

Distance to max pain

IV Rank

Low premium

P/C OI

0.75

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 24, 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 24, 2026 close

GOOGL Directional Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Slightly bullish bias driven by bullish flow and spot below $350 max pain, but negative gamma adds volatility risk. Price action likely drifts toward $350 over the next two days, with support at $320 gamma flip and resistance at $350/362.

Confidence:

5 / 10

Base 5; -1 GEX/flow contradict; +0.5 spot 1.8% from MP; +0.5 VIX 19. Net 5, no override.

Supports: Bullish flow, spot below MP, high DEX (+73.4M shares), resistance at $350.
Conflicts: Negative GEX (-$27.2M), gamma trending amplifies downside risk below support.

📈Bullish flow tilts upward, but short gamma can cause sharp reversals.

🎯Spot ~$343 targeting $350 max pain across multiple expiries.

🛡️Gamma flip at $320 provides strong floor, 6.9% below spot.

⚠️Negative GEX amplifies moves; watch for breakdown below $325.

Regime Classification

Vol Regime

Normal

Normal vol regime with VIX at 18.9, consistent with moderate implied volatility.

Gamma Regime

Trending

Gamma trending, GEX -$27.2M (short gamma), amplifying directional moves.

Flow Regime

Bullish

Bullish flow with net premium positive, driving upward pressure.

Spot vs Max Pain

Below

Spot ~$343 is 1.8% below $350 max pain, leaning toward pinning.

Thesis duration: Event-specific — Concentration of max pain at $350 through July 1 expiries suggests near-term pinning thesis.

Price Range Forecast

Next 2 days

$337.31$350.11

Drift toward $350 MP supported by flow and gamma.

Next 1 week

$338.48$348.93

Resistance at $350; may break if flow persists.

Next 2 weeks

$325.31$362.11

Wider range $325-$362; gamma flip at $320 caps downside.

Key Levels

Max pain pins: $350 (2026-06-26); $350 (2026-06-29); $352 (2026-07-01)

EM guardrails: 2d $337.31/$350.11; 1w $338.48/$348.93

Support: $325.31 · $320.00

Resistance: $350.00 · $362.11

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,486 (6.9% below spot)

Structural: Support: $325.31 (2w low), $320 (gamma flip). Resistance: $350 (max pain multiple expiries), $362.11 (2w high).

Dealer Positioning (GEX/DEX)

GEX: $-27.2M

DEX: +73.4M shares

Gamma flip: ~$320 (Approx — based on put OI concentration of 17,486 (6.9% below spot))

NTM gamma: GEX -$27.2M (short gamma), DEX +73.4M shares (long delta). Gamma flip at ~$320 based on put OI concentration.

IV Analysis

IV vs VIX: IV is slightly rich vs VIX given normal vol, but justified by upcoming events.

Term structure: Term structure likely flat with kinks at weekly expiries; back months slightly elevated.

Skew: Skew is moderate, call skew elevated due to bullish flow. Consider put spreads for downside hedging.

Flow Analysis

Net premium: Net call premium $17.8M, P/C vol ratio 0.69 favoring calls.

Directional prints: 34.5 call 340 ITM 2026-06-26 — 16.4x vol/OI, aggressive call buying; likely bought for upside exposure.

Unusual: 34.5 call 340 ITM 2026-06-26 — Vol/OI 16.4 highest; new money flow, bought against 563 OI. 32.7 call 342.5 ITM 2026-06-26 — Vol/OI 9.5; 7979 vol vs 836 OI, aggressive opening. 38 call 335 ITM 2026-06-26 — Vol/OI 7.2; ITM call, high IV, bullish sentiment.

Risks & Catalysts

!Negative GEX can accelerate a breakdown below $325 support.

!Failure to reach $350 MP could trigger profit-taking and reversal.

!VIX spike above 20 could increase vol and disrupt pinning.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate	Sell 2026-07-10 $330.00/$320.00 put spread Why now: Bullish flow and spot below $350 support at $320 gamma flip; put credit spread profits from time decay and slight upside	If breakdown below $320, losses capped at spread width
Bull call spread	Moderate	Buy 2026-07-10 $340.00/$350.00 call spread Why now: Flow positive, max pain target $350, spread caps upside but reduces cost	Limited profit if move stalls below $350
Long call	Moderate-Strong	Buy 2026-07-10 $340.00 call Why now: Aggressive call buying at $340, OTM call captures upside with limited risk	Time decay if price doesn't move quickly enough
Cash-secured put	Moderate	Sell 2026-07-10 $320.00 cash-secured put Why now: Support at $320 gamma flip, premium juice with high IV	Opportunity loss if stock surges, or assignment if drops below strike

Top Plays

Aggressive Call Buy

Buy 2026-07-10 $340.00 call

Buy OTM call to profit from bullish move toward $350 max pain.

Why this play: Directly mirrors aggressive call buying at $340; captures upside with limited risk.

Debit: $10.24-$12.51

Max loss: $12.51

BE: $352.51

Mgmt: Set stop loss at invalidation level $325.31; take profit at $350.

Traders seeking high reward and willing to risk premium.

Capped Bull Spread

Buy 2026-07-10 $340.00/$350.00 call spread

Buy call spread to benefit from move to $350 with defined risk.

Why this play: Lower cost than long call while targeting $350; reduces risk but caps upside.

Debit: $4.43-$5.42

Max loss: $5.42

BE: $345.42

Mgmt: Exit if price drops below $325; let run to expiry if near $350.

Moderate risk tolerance, expecting rally to $350.

Bullish Put Spread

Sell 2026-07-10 $330.00/$320.00 put spread

Sell put spread to collect premium with bullish outlook.

Why this play: Profits from time decay and slight upside; support at $320 gamma flip.

Credit: $1.59-$1.95

Max loss: $8.05

BE: $328.05

Mgmt: Buy back if price falls below $325 to limit loss.

Income-focused traders expecting price above $330.

Watchlist Triggers

Entry Triggers

IFGOOGL holds above $325.31 and pulls back to $330 → Buy 2026-07-10 $340.00 call (GOOGL-long_call-001)

IFGOOGL stays above $330 with RSI>50 → Sell 2026-07-10 $330.00/$320.00 put spread (GOOGL-put_credit_spread-001)

Exit Triggers

EXITGOOGL breaks below $325.31 → Close all bullish positions (long call, put spread)

EXITGOOGL reaches $350 → Take profit on $340 call

Tactical Summary

Bullish drift to $350 max pain; enter on pullbacks above $325.31 support. Use long call for upside, put spread for income. Exit if $325.31 breaks, take profit at $350 on long call.

How to Use These Reports

This directional reflects the market close on June 25, 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.