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GOOGL

Alphabet Inc.Close $337.39EOD only

Max Pain

$347.50

Next expiry Jun 29, 2026

Expected Move

±$3.73

1.1% from close

Price Gap

+10.11

Distance to max pain

IV Rank

Low premium

P/C OI

0.75

Slightly call-heavy

Consensus

4.5/10

Consensus signal

Published snapshot: Jun 26, 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 26, 2026 close

GOOGL Directional Report

Analysis based on market close June 29, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish near-term with dealer gamma pinning and bullish flow. Spot above MP, supports drift to $361.62. Confidence high at 8.5.

Confidence:

8.5 / 10

Base 5, +2 GEX/flow aligned, +1 GEX positive pinning, -0.5 spot 4% from MP, +1 VIX 18.

Supports: Positive GEX, bullish flow, spot above MP, low vol.
Conflicts: Spot 4% above MP, resistance at $361.62 and $374.15.

🟢GEX +$94.9M pinning near $340-$348

📊Bullish flow, P/C tilt calls

⚠️Spot 4% above MP may pull back

📈Resistance $361.62 (2d) / $374.15 (2w)

Regime Classification

Vol Regime

Normal

VIX 17.65 low vol, GOOGL IV normal.

Gamma Regime

Pinning

GEX +$94.9M positive, pinning $340-$348, flip at $320.

Flow Regime

Bullish

Bullish flow, net premium positive.

Spot vs Max Pain

Above

Spot above max pain $340, bullish bias.

Thesis duration: Multi-week — Positive gamma, bullish flow, above MP support multi-week drift.

Price Range Forecast

Next 2 days

$345.67$361.62

EM guardrail $361.62 resistance

Next 1 week

$342.32$364.97

Support $342.32, resistance $364.97

Next 2 weeks

$333.15$374.15

Resistance $374.15, support $333.15

Key Levels

Max pain pins: $340 (2026-06-29); $345 (2026-07-01); $348 (2026-07-02)

EM guardrails: 2d $345.67/$361.62; 1w $342.32/$364.97

Support: $340.00 · $333.15 · $320.00

Resistance: $374.15

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,574 (9.5% below spot)

Structural: Support: $340 (MP), $333.15, $320 (flip). Resistance: $374.15. EM guardrails 2d $345.67-$361.62.

Dealer Positioning (GEX/DEX)

GEX: $+94.9M

DEX: +74.2M shares

Gamma flip: ~$320 (Approx — based on put OI concentration of 17,574 (9.5% below spot))

NTM gamma: Dealer gamma +$94.9M, pinning $340-$348, flip $320. Long delta +74.2M shares.

IV Analysis

IV vs VIX: GOOGL IV near VIX, normal for low vol.

Term structure: Upward sloping, no event kinks.

Skew: Skew flat, no clear vol opportunity.

Flow Analysis

Net premium: Net premium $166.7M; P/C vol 0.46 confirms call dominance.

Directional prints: 18.6 call 350 ITM 2026-06-29 — Vol/OI 14.7; bought for upside; preferred read: bought. 4.6 call 355 OTM 2026-06-29 — Vol/OI 29.5; low IV suggests sold? But new positions; likely bought; preferred read: bought.

Unusual: 9.4 put 350 OTM 2026-06-29 — Vol/OI 97.9; OTM put; low IV; likely sold for premium; preferred read: bullish. 5.1 put 352.5 OTM 2026-06-29 — Vol/OI 80.4; similar OTM put; sold; preferred read: bullish.

Risks & Catalysts

!Pullback to MP $340

!Gamma flip at $320 if breached

!Resistance $374.15

!Tech sector reversal

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-07-24 $365.00/$385.00 call spread Why now: Low cost defined-risk upside with leverage; fits high-confidence bullish view.	Max loss if spot stays below long strike at expiry; time decay hurts if drift stalls.
Put credit spread	Moderate-Strong	Sell 2026-07-17 $335.00/$320.00 put spread Why now: High confidence in no breakdown; collect theta while spot above support.	Unexpected gap below short strike due to macro shock; limited loss but painful.
Bullish risk reversal	Strong	Buy 2026-07-24 $375.00 call / sell 2026-07-24 $330.00 put Why now: Call dominance and high confidence justify asymmetric upside with no upfront cost.	If spot falls through short put strike, downside exposure is large; works best with strong trend.

Top Plays

Bull Call Spread

Buy 2026-07-24 $365.00/$385.00 call spread

Buy $365/$385 call spread to profit from rally to earnings.

Why this play: Best defined-risk upside leverage for high-confidence bullish view.

Debit: $4.84-$5.91

Max loss: $5.91

BE: $370.91

Mgmt: Exit if GOOGL drops below $340; take profits near $374 resistance.

Traders wanting capped risk, high reward-to-risk ratio.

Bullish Risk Reversal

Buy 2026-07-24 $375.00 call / sell 2026-07-24 $330.00 put

Buy $375 call, sell $330 put to replicate long stock with no outlay.

Why this play: Zero-cost upside with call dominance; unlimited gain potential.

Debit: $1.17-$1.43

Max loss: $330.00

BE: $330.00

Mgmt: Monitor gamma; roll or close before earnings if uncertain.

Aggressive traders comfortable with downside assignment risk.

Put Credit Spread

Sell 2026-07-17 $335.00/$320.00 put spread

Sell $335/$320 put spread to earn premium while spot stays above MP.

Why this play: High probability play on support holding; collect theta.

Credit: $1.84-$2.25

Max loss: $12.75

BE: $332.75

Mgmt: Close at 50% profit or if spot breaks $340; adjust strikes if needed.

Income-focused traders seeking high win rate.

Watchlist Triggers

Entry Triggers

IFGOOGL holds above $340 with bullish flow → Buy $365/$385 call spread

IFSpot stays above $340 and volatility stable → Sell $335/$320 put spread

IFConfirms support above $340 with bullish bias → Initiate $375 call / $330 put risk reversal

Adjustment Triggers

ADJGOOGL nears $374.15 resistance → Take partial profits on bull call spread

Exit Triggers

EXITGOOGL drops below $340 → Close all bullish positions

Tactical Summary

Bullish near-term, support $340 (MP), resistance $374.15. High confidence drift to $361.62. Earnings 7/23. Top play: Buy $365/$385 call spread. Alternatives: $375 call/$330 put risk reversal, sell $335/$320 put spread. Invalidation: break below $340.

How to Use These Reports

This directional reflects the market close on June 29, 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.