GOOGL Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

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

Read the Flow analysis for GOOGL for 2026-04-06. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.