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GOOGL

Alphabet Inc.Close $380.34EOD only

Max Pain

$385.00

Next expiry Jun 1, 2026

Expected Move

±$5.36

1.4% from close

Price Gap

+4.66

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.90

Balanced positioning

Consensus

9.0/10

Bullish tilt

Published snapshot: May 29, 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 29, 2026 close

GOOGL Flow Report

Analysis based on market close April 13, 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 13, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19.1

Watch next session: Follow volume/OI change at $320/$322.50 calls (near-term GEX concentration); Any follow-through put buying at $310-$315 (protective/hedge flow that would blunt bullish thesis)

Flow Summary

Net premium: +$161.7M bullish

P/C volume ratio: 0.52 — call-dominant (strong call skew in today's flow)

P/C OI ratio: 0.86 — moderate call lean in positioning (OI still somewhat balanced vs volume)

Large, concentrated institutional call buying is the dominant force — net premium is strongly positive driven by heavy flows into strikes $335 and $340. Dealers carry sizeable positive GEX (+$190.8M) which reinforces a pinning regime around near-spot strikes ($320–$325); short-term puts show activity but appear smaller or expiry-related compared with the call premium.

Notable Prints

GOOGL 2026-05-15 $335.00 Call

Vol: 49,007

OI: 4,773

Vol/OI: 10.3x

IV: 36.8%

Notional: ~$42.15M

Intent: Fresh directional call accumulation (institutional bullish exposure to mid-May)

Dual read: Could be buy-to-open directional or a structured leg of covered/bull-call spreads, but size and premium concentration point to fresh bullish exposure

Read-through: Significant multi-week bullish bet — anchors large positive net premium and is the main driver of today's bullish flow regime.

GOOGL 2026-04-15 $310.00 Put

Vol: 6,816

OI: 218

Vol/OI: 31.3x

IV: 29.9%

Notional: ~$231.7K

Intent: Short-dated protective put buying or frictional hedging into closers

Dual read: Could be protective for stock holders or short-term buy-to-open spec hedges; high vol/oi indicates urgency but not huge notional

Read-through: Local hedging pressure concentrated just below spot but small notional relative to call flow — not enough to offset bullish premium.

GOOGL 2026-04-13 $317.50 Put

Vol: 9,369

OI: 736

Vol/OI: 12.7x

IV: 10.5%

Notional: ~$9.37K

Intent: Expiry/roll activity or expiration-day hedging (very low last price, shallow premium)

Dual read: Buy-to-open protective or closing/rolling of earlier positions; very low premium implies expiry mechanics rather than new directional conviction

Read-through: High volume/OI ratio driven by expiry mechanics — contributes to near-term volatility but not a large directional signal.

GOOGL 2026-04-13 $322.50 Call

Vol: 9,625

OI: 964

Vol/OI: 10.0x

IV: 3.9%

Notional: ~$9.63K

Intent: Expiry-related call flows (close-to-spot strikes) — likely pinning or roll activity into adjacent expirations

Dual read: Could be buy-to-open bullish or market-maker rebalancing; low implied suggests execution to capture gamma or close positions

Read-through: Adds to pin pressure at $320–$322.5 but small notional vs May calls; consistent with dealers defending near-term level.

GOOGL 2026-05-22 $320.00 Put

Vol: 2,249

OI: 110

Vol/OI: 20.4x

IV: 36.7%

Notional: ~$3.17M

Intent: Long-dated put accumulation — either speculative tail hedge or structured protection for larger positions

Dual read: Could be a directional bearish hedge (buy-to-open) or part of a collar/put-spread financed by other trades; OI is still small but notional meaningful

Read-through: Shows pockets of downside hedging into late-May, but size is small compared with call premium; watch if this grows.

Institutional Positioning

Call additions: $335 and $340 are the clearest call accumulation strikes (largest net premium at $335: $48,514,434 and $340: $46,637,905). Near-term call build also visible at $320-$330 (notable OI at $330: 29,174 and $320/$322.5 near-term clusters).

Put additions: Activity concentrated in short-dated puts around $310-$317.50 (expiries Apr13/Apr15) and a smaller flow of longer-dated $320 puts into late-May; these look like localized protection rather than large directional positioning against the call flow.

GEX/DEX consistency: Yes — Total GEX +$190.8M and positive DEX (+73.1M shares) align with bullish call-heavy flow and the pinning regime around $320-$325.

OI clusters: Largest OI is in calls at $345 (55,872) and $340 (40,465) — these create a call wall/resistance in the $340-$345 band. Near-term OI concentration at $320 (3,391), $322.50 (670), and $325 (2,417) form pin magnets/support in the immediate window. Put OI is concentrated below in structural floor $200-$215 but not actionable in the near-term.

Hedging evidence: Short-dated protective puts (Apr 13/15 at $310-$317.50) and a smaller long-dated $320 put block (May22) suggest selective hedging. No broad collar signature; dominant flow is naked or bought calls (directional) rather than financed collars.

Max pain context: Max pain (nearest expiries) sits at $312.50 today and trends lower toward $300 over subsequent expirations; spot currently above MP which, combined with pinning and heavy call premium, suggests dealers are defending the >$320 area rather than forcing immediate move down to MP.

Signal vs Noise

~Multiple Apr-13/Apr-15 expiry strikes (e.g., $317.50P, $322.50C, $312.50P) show very high vol/OI ratios — likely expiration rolls and market-maker rebalances rather than new directional conviction.

~$310.00 put Apr-15 shows high volume but small notional (~$232K) — likely tactical short-dated protection (noise relative to $42M May call block).

~Very low last prices on many expiry-day prints (IV very low for Apr-13 calls/puts) indicate expiry mechanics and should not be read as large directional bets.

~Call OI walls at $340-$345 are structural (large existing positions) — not necessarily fresh bullish buying but create resistance and dealer hedging dynamics; treat big OI strikes as structural positioning rather than immediate flow.

Key Conclusions

🐂Large, concentrated call premium (notably $335/$340) drives a clear bullish flow with net premium +$161.7M and GEX +$190.8M.

📌Pinning pressure around $320–$322.50 — near-term GEX concentrations (+$14.2M at $320, +$5.5M at $322.50) make $320 a short-term magnet.

🛡️Short-dated puts ($310–$317.50) show expiry/hedge activity; these are present but small vs call notional — watch if put demand expands.

🧭Major resistance wall at $340–$345 (largest call OI clusters) — a target for profit-taking or dealer hedging that could cap rallies.

🔎If May calls continue to accumulate (follow $335/$340 flow), dealers will remain long-gamma supportive and the bullish regime will persist; a reversal would show up as shrinking net premium and rising short-term put buying.

How to Use These Reports

This flow reflects the market close on April 13, 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.