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GOOGL

Alphabet Inc.Close $376.37EOD only
Max Pain
$385.00
Next expiry Jun 3, 2026
Expected Move
±$7.10
1.9% from close
Price Gap
+8.63
Distance to max pain
IV Rank
37
Middle-high premium
P/C OI
0.93
Balanced positioning
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 1, 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
Jun 1, 2026 close
GOOGL Flow Report
Analysis based on market close April 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 17, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

BiasBullish
Confirmation: Large near-dated call prints, +$265.7M GEX and +87.1M dex, pinning gamma regime and low put/call volume ratio — flow aligned with upside.
Invalidation: Overnight or next-session selling that increases VIX materially or heavy sustained put buying (large same-day 340 put trade could indicate tail hedging) that drives spot back toward or below MP (~10% above MP is a vulnerability).
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.2% from MP; +1 VIX 17

Watch next session: monitor IV/VIX spike; track roll/legging of big call blocks; watch 340-350 strikes for defensive put accumulation

Flow Summary

Net premium: +$215.1M bullish

P/C volume ratio: 0.38

P/C OI ratio: 0.86

Positioned bullish: dealer gamma and order flow are supportive of pinning near current strikes; key risk is a volatility-triggered unwind or large put accumulation that rebalances dealers to the short-side.

Notable Prints

#1
GOOGL 2026-04-17 $340.00 Put
Vol: 10,588
OI: 237
Vol/OI: 44.7x
IV: 5.0%
Notional: ~$11K
Intent: Protect

Read-through:

#2
GOOGL 2026-04-22 $350.00 Call
Vol: 5,170
OI: 309
Vol/OI: 16.7x
IV: 24.5%
Notional: ~$682K
Intent: Bullish

Read-through:

#3
GOOGL 2026-04-20 $340.00 Call
Vol: 11,332
OI: 1,126
Vol/OI: 10.1x
IV: 18.1%
Notional: ~$3.9M
Intent: Bullish

Read-through:

#4
GOOGL 2026-04-20 $345.00 Call
Vol: 11,137
OI: 1,261
Vol/OI: 8.8x
IV: 17.2%
Notional: ~$1.3M
Intent: Bullish

Read-through:

#5
GOOGL 2026-04-20 $350.00 Call
Vol: 6,068
OI: 854
Vol/OI: 7.1x
IV: 17.2%
Notional: ~$152K
Intent: Bullish

Read-through:

Institutional Positioning

Call additions: Probable institutional call accumulation concentrated near-term at 340–350 (Apr20/22) — sizable OI supports this but confirm with time-series OI moves.

Put additions: Puts appear limited overall; an intraday Apr17 340 print exists but lacks OI build — treat as unconfirmed; there is possible longer-dated protection interest around May 400.

GEX/DEX consistency: Positive GEX (+$265.7M) and DEX (+87.1M) are consistent with bullish flow, but this doesn’t prove causation; alternative retail-driven gamma could contribute.

OI clusters: Largest OI clusters observed at Apr20 calls 340/345/350 and put concentrations around 330–340; monitor OI changes to confirm persistent positioning.

Hedging evidence: Some signs of hedging (longer-dated higher-strike puts) but evidence is modest; collars or systematic hedges remain plausible alternative explanations.

Max pain context: Spot sits above reported MP; GEX implies potential pinning pressure toward 340–350 but outcome is probabilistic, not deterministic.

Signal vs Noise

~Signal: concentrated Apr20 call OI at 340–345–350 suggests institutional interest but needs OI trend confirmation.
~Signal: positive GEX/DEX align with bullish skew yet may reflect retail gamma as well.
~Noise: Apr17 340 put print is currently unconfirmed by OI — treat as transient/noise until OI builds.

Key Conclusions

📈Likely institutional-leaning call flow around 340–350, conditional on sustained OI increases.
⚖️Pinning toward 340–350 is possible given GEX/DEX, but alternative retail gamma and transient prints mean probability, not certainty.
How to Use These Reports
This flow reflects the market close on April 17, 2026.
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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.

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What to remember

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If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.