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GOOGL

Alphabet Inc.Close $387.66EOD only

Max Pain

$385.00

Next expiry May 22, 2026

Expected Move

±$5.24

1.4% from close

Price Gap

-2.66

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.92

Balanced positioning

Consensus

9.5/10

Bullish tilt

Published snapshot: May 21, 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

May 21, 2026 close

GOOGL Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 6, 2026. A newer flow report is available for May 21, 2026.

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Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.3% from MP

Watch next session: $300C OI buildup and flow; Put flow at $290-$295 support zone

Flow Summary

Net premium: +$12.4M bullish

P/C volume ratio: 0.76 — call-dominant

P/C OI ratio: 0.87 — moderate call lean

Net premium bullish with call-dominant volume, though OI shows a more balanced positioning. Flow aligns with positive GEX pinning regime, suggesting institutional accumulation of calls near current price.

Notable Prints

GOOGL 4/8 $302.50 Call

Vol: 6,515

OI: 1,342

Vol/OI: 4.8x

IV: 32.1%

Notional: ~$1.06M (6515 × $1.62 avg)

Intent: Fresh directional call buying

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: Large volume in near-term OTM call suggests bullish positioning for a move above $302.50, consistent with overall flow regime.

GOOGL 4/8 $305.00 Call

Vol: 5,689

OI: 438

Vol/OI: 13.0x

IV: 31.5%

Notional: ~$5.23M (5689 × $0.92 avg)

Intent: Fresh directional call buying

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: High volume vs OI in OTM call indicates new bullish bets targeting $305+ within 2 days, aligning with expected move upper bound.

GOOGL 4/10 $292.50 Put

Vol: 7,771

OI: 414

Vol/OI: 18.8x

IV: 36.5%

Notional: ~$13.29M (7771 × $1.71 avg)

Intent: Hedge or speculative put buying

Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: Large OTM put volume with high IV suggests hedging against a drop to $292.50, possibly as protection for call positions or bearish speculation.

GOOGL 4/8 $300.00 Put

Vol: 2,199

OI: 155

Vol/OI: 14.2x

IV: 32.3%

Notional: ~$6.29M (2199 × $2.86 avg)

Intent: Hedge or speculative put buying

Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: High volume in ATM put indicates hedging or bearish bets at the key $300 level, adding to the put OI cluster there.

GOOGL 4/8 $307.50 Call

Vol: 2,637

OI: 309

Vol/OI: 8.5x

IV: 31.8%

Notional: ~$1.37M (2637 × $0.52 avg)

Intent: Fresh directional call buying

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: OTM call flow extends bullish positioning further out, targeting $307.50 within the expected move range.

Institutional Positioning

Call additions: $302.50-$310 calls, 4/8-4/10 expirations

Put additions: Protective $290-$300 puts, 4/8-4/10 expirations

GEX/DEX consistency: Yes — positive GEX $+96.4M + bullish flow aligned

OI clusters: $300 call wall (8,439 OI), $280 put cluster (1,721 OI), $345 call wall (56,772 OI)

Hedging evidence: Moderate put buying at $290-$300 suggests hedging of call positions or downside protection

Max pain context: MP at $288, spot above but drifting toward pin with positive GEX pinning

Signal vs Noise

~$510C 12/18 likely lottery ticket or spread leg, not directional given 70% OTM

~$5.00C premium flow is likely data anomaly or system error, ignore

~$440P large net negative premium is likely spread leg or closing trade, not standalone bearish bet

Key Conclusions

🐂Net premium +$12.4M bullish with call-dominant volume (P/C 0.76)

📌Positive GEX $+96.4M creates pinning magnet at $300, supporting bullish bias

🛡️Put flow at $290-$300 shows hedging, not outright bearish conviction

How to Use These Reports

This flow reflects the market close on April 6, 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.