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GOOGL

Alphabet Inc.Close $382.97EOD only

Max Pain

$387.50

Next expiry May 26, 2026

Expected Move

±$5.96

1.6% from close

Price Gap

+4.53

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.91

Balanced positioning

Consensus

8.5/10

Bullish tilt

Published snapshot: May 22, 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 22, 2026 close

GOOGL Flow Report

Analysis based on market close April 9, 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 9, 2026. A newer flow report is available for May 22, 2026.

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Flow Verdict

Confidence:

7 / 10

base 7.0 (pre-computed); +flow bull net premium +$121.5M; +GEX positive $176.4M pinning; -spot 5.3% above MP slightly reduces conviction

Watch next session: Activity / OI changes at $322.50 (GEX +$17.0M pin area); Follow-up flow into $315-$320 calls vs. large April-10 put prints (are those closes or new buys?)

Flow Summary

Net premium: +$121.5M bullish

P/C volume ratio: 0.65 — call-dominant on volume

P/C OI ratio: 0.88 — moderate call lean in positioning (calls > puts but not extreme)

Clear institutional call demand across near-term strikes (notably $310, $315, $320) producing a sizable net premium inflow. Dealers are long gamma/pin (GEX +$176.4M) which reinforces a pin toward the $320–$322 area; sizable OI at higher strikes ($330–$350) creates an overhang/resistance zone.

Notable Prints

GOOGL 2026-04-10 $317.50 Put

Vol: 13,693

OI: 826

Vol/OI: 16.6x

IV: 30.4%

Notional: ~$2.0M

Intent: Expiration-day directional/hedge (large put flow one day to expiry) — could be short-delta buys for protection or pin-seeking liquidity

Dual read: Aggressive protective put buys (bearish/hedge) OR institutional rollover/assignment-driven trades (neutral); volume timing favors expiration-driven positioning

Read-through: Signals urgent near-term demand for downside protection right at spot; combined with positive GEX, dealers may hedge by selling stock delta into these prints, which can create transient downward pressure into close but also raise chance of pinning around $317.50–$322.50.

GOOGL 2026-04-10 $315.00 Call

Vol: 21,912

OI: 3,986

Vol/OI: 5.5x

IV: 35.6%

Notional: ~$9.7M

Intent: Aggressive directional call buying (in-the-money calls one day to expiry) — likely bullish delta accumulation or exercise-ready positions

Dual read: Bought outright calls (bullish) OR sellers rolling/executing covered calls (neutral); large notional and high volume strongly suggests fresh bullish positioning despite possible expiry mechanics

Read-through: Reinforces the short-term bullish flow and complements the large net premium; increases dealer short-delta exposure that supports pinning into the $315–$322 band.

GOOGL 2026-04-10 $310.00 Put

Vol: 17,002

OI: 2,125

Vol/OI: 8.0x

IV: 35.9%

Notional: ~$0.3M

Intent: Near-expiry protective puts or spread leg — concentrated downside hedge interest around $310

Dual read: Protective put buying (hedge) OR part of multi-leg structures (collars/put spreads) executed into expiry (neutral to mildly bearish)

Read-through: Large turnover at $310 suggests dealers will be hedging exposure around that bucket; if $310 prints continue to be sold into, downside support there could form from dealer buys of stock to hedge.

GOOGL 2026-04-15 $320.00 Call

Vol: 1,124

OI: 108

Vol/OI: 10.4x

IV: 27.3%

Notional: ~$0.4M

Intent: Fresh short-dated call accumulation (bullish directional)

Dual read: Outright call buys (bullish) OR opening leg of call-spread structures (moderate bullish)

Read-through: Adds to the call stack around $320, consistent with the pin/concentration at $320.00 and $322.50; smallish notional but directional alignment with larger call premium buckets.

Institutional Positioning

Call additions: $310, $315, $320 (near-term expiries) and larger structural OI at $330-$350 — heavy call premium at $310 and $315 (Top Premium Flow) indicates institutions are adding near-term upside exposure.

Put additions: Concentrated short-dated protection at $317.50 and $310 for Apr-10, and targeted longer-dated puts at $270 (May-08) — puts exist but are smaller in premium terms versus calls.

GEX/DEX consistency: Yes — positive GEX $176.4M and DEX +74,981K shares line up with bullish flow and a pinning regime toward $320–$322.50.

OI clusters: Largest OI clusters: $345 call (57,025), $340 call (40,557), $330 call (27,557) — these create a resistance/wall in the $330–$350 band. Near-term cluster support/peg: $322.50 (9,173 call OI), $320.00 (5,538 call OI) and put clusters at $312.50 (5,949 OI) and $300.00 (6,062 OI).

Hedging evidence: Yes — heavy short-dated put and call turnover (Apr-10 prints) plus dealer positive GEX suggests market-makers are long gamma and hedging with underlying buys. Evidence of protective puts around $310 and $317.50; little sign of widespread collar construction versus outright call accumulation.

Max pain context: Max pain for the next expiries sits at $302 (4/10) and $310 (4/13) with the MP trend slowly falling; current flow and GEX indicate a higher pin target (~$320–$322.50) than the nearest MP, so dealers may be buying/selling to manage delta toward that pin.

Signal vs Noise

~Large Apr-10 prints (both calls and puts) are partly expiration mechanics — some volume likely represents exercise/assignment/rolls rather than fresh directional bets.

~High premium at extreme strike $440 (net put heavy) is far OTM and likely institutional portfolio protection or one-off premium transfer — treat as noise for near-term directional inference.

~Small OI but high vol prints (e.g., Apr-15 $325/$320 calls with OI ~100) can be single-client directional bets or spread legs; interpret alongside the larger $310/$315/$320 flow before acting.

Key Conclusions

🐂Net premium is strongly bullish (+$121.5M) with P/C volume 0.65 — institutions are buying calls into near-term expiries.

📌Dealer GEX +$176.4M and GEX concentration at $322.50/$320.00 make $320–$322.50 the highest-probability short-term pin.

🛡️Big Apr-10 put prints at $317.50 and $310 indicate active short-dated protection demand — could create transient selling into expiry or prompt dealer hedging buys that support pinning.

🧱Structural resistance wall sits in $330–$350 (large OI at $330/$340/$345/$350) — upside faces an OI cap in that band.

🎯Key support levels to watch: $312.50, $310.00, $300.00 (put OI clusters & near-term MP).

👀Watch whether call flows at $315-$320 continue after expiry — sustained follow-through would push confidence higher toward a bullish breakout vs. simple expiry pinning.

How to Use These Reports

This flow reflects the market close on April 9, 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.