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GOOGL

Alphabet Inc.Close $388.88EOD only

Max Pain

$387.50

Next expiry May 27, 2026

Expected Move

±$4.62

1.2% from close

Price Gap

-1.38

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.93

Balanced positioning

Consensus

8.5/10

Bullish tilt

Published snapshot: May 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

May 26, 2026 close

GOOGL Flow Report

Analysis based on market close April 8, 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 8, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.6% from MP

Watch next session: Short-dated call flow into 4/10 and 4/13 at $320–$325 (look for follow-through volume and OI lift); Put activity around $305–$310 (would signal risk-hedging or a shift toward bearish positioning)

Flow Summary

Net premium: +$152.0M bullish

P/C volume ratio: 0.72 — call-dominant but not extreme

P/C OI ratio: 0.87 — moderate call lean in positioning

Institutional/smart-money flow is clearly call-biased: large positive net premium ($152.0M) and call-heavy premium buckets (notably at $300, $310, $330, $340, $350). Positive dealer GEX (+$173.2M) and DEX (+73.8M shares) create pinning mechanics around near-term strikes, so flow is both directional (bullish) and supportive of a near-term pin toward the 305–320 band.

Notable Prints

GOOGL 2026-04-10 $322.50 Call

Vol: 14,881

OI: 1,121

Vol/OI: 13.3x

IV: 31.4%

Notional: ~$1.46M

Intent: Fresh directional call buying / aggressive short-dated bullish exposure into 4/10

Dual read: Could be purchase of calls (bullish) or market maker selling (opening short calls/overwrites) — but volume >> OI suggests buyer initiation

Read-through: High-impact short-dated call demand concentrated ~+2% from spot; reinforces bullish near-term skew into 4/10 expiry and strengthens pinning toward low-320s/310s.

GOOGL 2026-04-13 $320.00 Call

Vol: 1,973

OI: 117

Vol/OI: 16.9x

IV: 28.0%

Notional: ~$547k

Intent: Aggressive buy of slightly longer short-dated calls (4/13) — directional bullish

Dual read: Buy calls or opening call sells by counterparty; large vol/OI tilt favors buyer-initiated

Read-through: Confirms 320 as a target area for bullish bets across consecutive expiries; reinforces dealer hedging that will buy underlying on upmoves.

GOOGL 2026-04-10 $320.00 Call

Vol: 12,854

OI: 4,124

Vol/OI: 3.1x

IV: 32.3%

Notional: ~$2.32M

Intent: Significant short-dated call accumulation (directional) and/or repositioning into the 4/10 expiry

Dual read: Given OI base (4,124) this could be a mix of buying and spread activity; but large absolute volume is meaningful

Read-through: Concentrated call flow at $320 across multiple expiries concentrates gamma/GEX demand there — supports pinning and upside skew.

GOOGL 2026-04-10 $330.00 Call

Vol: 6,298

OI: 1,383

Vol/OI: 4.5x

IV: 31.7%

Notional: ~$755k

Intent: Directional call buying/speculative upside exposure into 4/10

Dual read: Could be bullish speculation or part of call spread (selling higher strikes) — sizeable vol/OI suggests active buying

Read-through: Traces buyer interest beyond 320; increases dealers’ short-gamma sensitivity if price approaches 330.

GOOGL 2026-04-10 $305.00 Put

Vol: 3,048

OI: 238

Vol/OI: 12.8x

IV: 39.3%

Notional: ~$110k

Intent: Either protective hedging (buyers of puts) or cheap put speculation into 4/10

Dual read: High vol/OI suggests new put buying (hedge) but absolute notional is modest vs call flow

Read-through: Put demand at $305 is a hedge anchor just below current spot; if sustained it could indicate institutional risk management but today it's smaller than call pressure.

Institutional Positioning

Call additions: $300-$350 strikes (notably heavy premium at $300, $310, $330, $340, $350); short-dated concentration at $320–$325 across 4/10 and 4/13

Put additions: Some protective put interest around $305 and $315 (short-dated), and OI floors at $200-$215 remain long-term defensive placements

GEX/DEX consistency: Yes — large positive GEX (+$173.2M) and positive DEX (+73.8M shares) align with bullish net premium ($152.0M) and call-heavy flow; GEX concentrations create pinning behavior around 310–320

OI clusters: $345 call OI 56,838 and $340 call OI 41,325 form a structural resistance/wall in the 340–350 band; near-term concentrated OI at $310 (10,494 OI), $305 (7,511 OI) and $300 (5,523 OI) create a dealer hedging support band near 300–315

Hedging evidence: Evidence of protective hedging is limited but present: elevated IV on short-dated puts and vol/OI spikes at $305 suggest protective buying; overall call accumulation dominates so large-scale collars are minimal in today’s flow

Max pain context: Max pain pins at $295 across near expiries (trend falling), but spot is above MP and dealer GEX +173.2M implies pinning forces are likely to hold price toward nearby pin-band (low 300s) rather than forcing a rapid move down to $295.

Signal vs Noise

~Large chunk of flow into 4/10 expiries (many UA prints at 4/10) — part of this is expiration shifting/rolls and should be treated as time-bound short-dated exposure rather than long-term directional conviction.

~Some high vol/OI on very low-priced calls (e.g., deep OTM calls with small premium) can be speculative gamma trades or spread legs — interpret within the pattern of concentrated buying at 320–325.

~OI-heavy strikes at $340–$350 are long-standing structural call walls (positioning), not necessarily fresh bullish buys today — they act more as ceiling/resistance via dealer delta than new bullish conviction.

Key Conclusions

🐂Net premium and unusual activity strongly bullish — $152.0M net premium with concentrated short-dated call buys around $320–$325.

📌Pinning mechanics active — GEX +$173.2M with near-term GEX concentration at $310, $315, $317.50 and $320 create magnet behavior inside the $311.26–$323.38 2d EM band.

⚠️Watch 4/10 expiries — heavy activity there can amplify gamma into the open and be transient; sustained follow-through into 4/13 would be a stronger bullish signal.

🛡️Limited but present protective put demand at $305 and $315 — means some institutions are hedging upside exposure, not outright abandoning bullish stance.

🧭Structural resistance exists at $340–$350 (large call OI walls) — upside likely to encounter dealer selling pressure before those levels unless fresh call buying overwhelms them.

How to Use These Reports

This flow reflects the market close on April 8, 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.