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GOOGL

Alphabet Inc.Close $337.42EOD only

Max Pain

$332.50

Next expiry Apr 22, 2026

Expected Move

±$6.25

1.9% from close

Price Gap

-4.92

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.89

Slightly call-heavy

Consensus

7.0/10

Consensus signal

Published snapshot: Apr 20, 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 20, 2026 close

GOOGL Flow Report

Analysis based on market close April 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.8% from MP; +0.5 VIX 20

Watch next session: Follow short-dated call volume around 337.5–347.5; Monitor spot vs MP for decisive break (<335); Track net GEX and large put prints / rising put OI

Flow Summary

Net premium: +$67.1M bullish

P/C volume ratio: 0.88

P/C OI ratio: 0.90

Pinning regime: positive GEX and concentrated call flow near MP imply resistance to downside, but mixed flow and sizable puts keep bias balanced; watch for spot breach and emerging put concentration.

Notable Prints

GOOGL 2026-04-27 $390.00 Call

Vol: 4,000

OI: 182

Vol/OI: 22.0x

IV: 45.5%

Notional: ~$12K

Intent: speculative buy

Dual read: long call vs call spread

Read-through: short-dated upside squeeze

GOOGL 2026-04-27 $342.50 Call

Vol: 2,193

OI: 163

Vol/OI: 13.4x

IV: 30.7%

Notional: ~$412K

Intent: bullish leverage

Dual read: dealer sell/hedge

Read-through: near-term upside demand

GOOGL 2026-04-22 $340.00 Call

Vol: 15,762

OI: 1,560

Vol/OI: 10.1x

IV: 29.9%

Notional: ~$898K

Intent: pinning/support

Dual read: delta hedge lifting spot

Read-through: short-dated gamma roll

GOOGL 2026-05-01 $347.50 Call

Vol: 1,030

OI: 109

Vol/OI: 9.4x

IV: 46.9%

Notional: ~$509K

Intent: directional call buy

Dual read: spread/hedge

Read-through: extension of upside interest

GOOGL 2026-05-22 $340.00 Put

Vol: 2,296

OI: 253

Vol/OI: 9.1x

IV: 37.2%

Notional: ~$4.1M

Intent: protective put

Dual read: put sale/hedge

Read-through: longer-dated downside insurance

Institutional Positioning

Call additions: Concentrated short-dated call flow around 335–347.5 (notable prints at 335, 337.5, 340) with heavy activity into 4/22 weekly expiries.

Put additions: Medium-dated protection centered near 340 (May 22) and some near-term puts 330/315; aggregate PUT/Call OI ~0.90.

GEX/DEX consistency: Positive GEX (~+94M) and DEX (+72.6M shares) are consistent with call-heavy flow but sensitive to trade-level liquidity; small prints can distort measures.

OI clusters: Largest OI concentrations at 337.5–340 and 330–335, with weekly expiries 4/22 showing density; many prints are moderate size—few outsized block trades.

Hedging evidence: Elevated May-22 IV and 340 puts suggest hedging/collar activity; overall hedges appear limited versus call flow.

Max pain context: Max pain sits mid-330s–340s; pinning is a probabilistic bias (low-to-moderate confidence) given modest spot move and expiry sensitivity—outcome depends on flow persistence and illiquid prints.

Signal vs Noise

~Signal: clustered short-dated call prints 335–347.5 aligned with positive GEX/DEX but subject to liquidity caveats.

~Signal: May-22 340 put activity and higher IV indicate some longer-dated hedging risk.

~Noise: isolated small OI prints (e.g., far-weekly calls) likely distort GEX/DEX if not filtered; treat tiny prints with low weight.

Key Conclusions

📌Probabilistic pinning bias toward mid-330s–340s into 4/22—confidence low-to-moderate; monitor persistence of call flow.

⚠️Flag low-liquidity prints: GEX/DEX can be skewed by small trades—weight signals by trade size and watch May-22 340 IV for downside amplification.

How to Use These Reports

This flow reflects the market close on April 21, 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.