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GOOGL

Alphabet Inc.Close $332.91EOD only

Max Pain

$312.50

Next expiry Apr 15, 2026

Expected Move

±$2.32

0.7% from close

Price Gap

-20.41

Distance to max pain

IV Rank

100

High premium

P/C OI

0.82

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Apr 14, 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

Apr 14, 2026 close

GOOGL Flow Report

Analysis based on market close April 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.5% from MP; +0.5 VIX 18

Watch next session: Further call premium / OI flow at $330-$335 (same-dated expiries); Put flow or roll activity into $300-$320 strikes that would reduce dealer GEX

Flow Summary

Net premium: +$271.4M bullish

P/C volume ratio: 0.50 — call-dominant (heavy call flow today)

P/C OI ratio: 0.82 — moderate call lean in positioning (OI still shows sizable put base)

Large, concentrated call premium and volume (especially at/just above spot: $320-$335 and heavy OI at $345) signals institutional call accumulation and dealer short-gamma positioning (GEX +265.1M). The regime is pinning — dealers are likely buying underlying into intraday upside to hedge short call exposure, making $330-$345 an active magnet/resistance band while net flow remains bullish.

Notable Prints

GOOGL 2026-04-17 $322.50 Put

Vol: 11,914

OI: 202

Vol/OI: 59.0x

IV: 28.1%

Notional: ~$846k

Intent: Short-dated put buying (protective or pick-up of cheap downside exposure into expiry); likely a directional hedge against upside call exposure or a tactical speculative long-put position.

Dual read: Bought puts (bearish/insurance) or sold puts (large index/stock financing leg) — but high vol/OI ratio + OTM strike suggests fresh buy interest.

Read-through: Significant flow into 4/17 downside protection but not large enough in notional to offset the heavy call premium; consistent with selective hedging rather than broad institutional risk-off.

GOOGL 2026-04-15 $335.00 Call

Vol: 15,777

OI: 632

Vol/OI: 25.0x

IV: 21.5%

Notional: ~$1.78M

Intent: Aggressive short-dated call buying (directional bullish ahead of expiry or pinning activity to keep spot elevated near this strike).

Dual read: Fresh long calls (bullish) or write/overwritten call blocks (neutral) — heavy volume and lower IV favors buyers absorbing calls rather than sellers initiating new short exposure.

Read-through: Adds to dealer short-call exposure around $335 and reinforces pinning pressure just above spot into the 4/15 expiry.

GOOGL 2026-04-15 $332.50 Call

Vol: 12,390

OI: 586

Vol/OI: 21.1x

IV: 22.4%

Notional: ~$2.85M

Intent: Very active ITM call buying (directional bullish or closing/rolling existing positions into the expiry); high notional and ITM status implies genuine directional exposure.

Dual read: Buy-to-open calls (bullish) or seller-initiated blocks/overwrite (less likely given IV and relative notional).

Read-through: Largest single-dollar exposure among prints — institutional bullish conviction into the imminent expiry; dealers likely short-delta and buying stock as hedge, supporting the pin at/above spot.

GOOGL 2026-04-17 $330.00 Put

Vol: 8,117

OI: 878

Vol/OI: 9.2x

IV: 26.6%

Notional: ~$1.95M

Intent: Near-the-money put activity into 4/17 — could be protective (insurance) or part of a fly/collar structure against existing call exposure.

Dual read: Bought puts (defensive) or opened as leg of a structured trade (neutral hedging).

Read-through: Not insignificant notional and sits near strong GEX concentration at $330; dealers may delta-hedge these buys, but net call skew dominance keeps overall bias bullish.

GOOGL 2026-04-15 $320.00 Put

Vol: 10,325

OI: 761

Vol/OI: 13.6x

IV: 30.1%

Notional: ~$93k

Intent: High-volume low-premium puts (lottery or cheap hedge); small notional suggests speculative/retail activity rather than large institutional hedging.

Dual read: Bought cheap downside (speculative) or sell-to-open as part of a spread — small dollar value supports noise interpretation.

Read-through: Adds to short-term put interest but economically small; doesn't materially change dealer GEX or offset the large call premium.

Institutional Positioning

Call additions: Concentrated additions at $320-$335 (premium leaders: $330 net $44,896,666; $320 net $33,719,519; $335 net $17,218,314) with heavy OI at $345 (55,634) and $340/$335/$330 clusters — clear institutional call accumulation centered just above and around spot.

Put additions: Selective short-dated put buys at $322.50, $330 and $320 show targeted downside protection but total put dollar flow is small relative to call premium; longer-dated protective OI exists at $200-$215 but not active intraday.

GEX/DEX consistency: Yes — positive Total GEX +$265.1M and DEX +84.6M shares align with bullish flow and pinning behavior (dealers are net short calls and short-gamma, likely buying underlying into upticks).

OI clusters: $345 call wall (55,634 OI), $340-$335-$330 strong call concentrations (51,531; 50,097; 28,598 respectively); largest put clusters are far lower ($250/$310/$280) — call OI creates resistance/magnet region between $330-$345.

Hedging evidence: Some near-term protective put activity (4/15 & 4/17 at $322.50, $330, $320) consistent with tactical hedging or collars, but not enough aggregate notional to offset call-driven dealer short-gamma. No widespread large-scale collars detected in the near-term chains.

Max pain context: Max pain for the nearest expiries is lower ($312 on 4/15, $300 on 4/17), but spot is above MP and trend shows MP drifting lower; heavy call activity is keeping spot elevated and creating short-call dealer hedging that pins toward the $330-$345 band rather than MP.

Signal vs Noise

~Many prints concentrated on 2026-04-15 and 2026-04-17 — expect expiry-related positioning and gamma-pin dynamics (not all high volume calls are fresh directional delta; some are expiry squeezes).

~$320.00 4/15 puts (low premium, ~$93k notional) are likely retail/lottery activity — small economic weight versus call flow.

~Large volume/OI ratios at single strikes (eg. $322.50P vol/OI 59x) can indicate small pre-existing OI being overwhelmed by buyer interest into expiry — often expiry-driven and short-term hedge, not long-term repositioning.

~Dealer inventory adjustments implied by positive GEX will produce delta-hedging flows that amplify directional moves; part of today's flow could be market maker hedging rather than pure institutional directional conviction.

Key Conclusions

🐂Net premium +$271.4M and P/C volume 0.50 indicate clear call-dominant institutional buying concentrated at $320-$335, driving a bullish short-term bias.

📌GEX concentration (+$46.5M at $330 and +$35.9M at $345) makes $330-$345 the active pin / magnet range — dealers short calls will buy underlying into dips and can cap upside near those strikes.

🕒Flow heavily expiry-focused (4/15 and 4/17); expect gamma-driven intraday price sensitivity and possible pinning into those expiries rather than durable long-term repositioning.

🛡️Selective put buying at $322.50 and $330 suggests tactical protective hedges, but put notional is small relative to call accumulation — hedges will blunt but not reverse bullish dealer hedging.

👀Watch same-dated call flow at $330-$335 and any rapid increase in put premium or P/C ratio; a flip would quickly reduce dealer long-delta hedges and invalidate the bullish thesis.

Read the Flow analysis for GOOGL for 2026-04-14. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.