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GOOGL

Alphabet Inc.Close $339.32EOD only
Max Pain
$325.00
Next expiry Apr 24, 2026
Expected Move
±$6.70
2.0% from close
Price Gap
-14.32
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.90
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 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
Apr 22, 2026 close
GOOGL Flow Report
Analysis based on market close April 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Large +$144.9M GEX and +75.1M share dex with heavy call prints near 340–375 and pinning gamma support bullish flow.
Invalidation: Surge in short-dated put prints (4/24) and puts OI near-term, spot falling below 337–340 or rapid GEX decline would invalidate bullish setup.
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.5% from MP; +0.5 VIX 19

Watch next session: Short-dated put volume/oi at 335–338; Change in GEX and dex flows; Spot vs MP movement around 337–345; VIX jump >~22; New large call prints >OI concentrations

Flow Summary

Net premium: +$81.9M bullish

P/C volume ratio: 0.65

P/C OI ratio: 0.91

Bullish flow: positive net premium and strong call prints concentrate upside; pinning gamma and large positive GEX support continuation but notable short-dated put activity and ~3.5% spot distance from MP are the main downside risks.

Notable Prints

#1
GOOGL 2026-05-01 $357.50 Call
Vol: 1,744
OI: 116
Vol/OI: 15.0x
IV: 47.2%
Notional: ~$645K
Intent: Targeted upside speculation
Dual read: Long call vs covered call sell

Read-through: Longer‑dated call shows conviction in further upside

#2
GOOGL 2026-04-24 $335.00 Put
Vol: 12,018
OI: 1,151
Vol/OI: 10.4x
IV: 23.6%
Notional: ~$1.0M
Intent: Directional downside hedge/speculation
Dual read: Dealer hedging vs buyer bearish

Read-through: Large same‑day puts suggest short‑term downside flow

#3
GOOGL 2026-09-18 $345.00 Put
Vol: 1,309
OI: 178
Vol/OI: 7.3x
IV: 31.5%
Notional: ~$4.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
GOOGL 2026-04-27 $342.50 Call
Vol: 4,161
OI: 580
Vol/OI: 7.2x
IV: 21.9%
Notional: ~$803K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
GOOGL 2026-04-27 $345.00 Call
Vol: 9,140
OI: 1,345
Vol/OI: 6.8x
IV: 21.5%
Notional: ~$1.1M
Intent: Bullish directional
Dual read: Spec buy vs call spread leg

Read-through: High volume near MP supports upside flow

Institutional Positioning

Call additions: Short‑dated calls 340–375 strikes (Apr27–May08); notable May1 357.5 print

Put additions: Heavy front‑week puts 332.5–337.5 (Apr24/27) plus a longer‑dated Sep345 block

GEX/DEX consistency: GEX +$145M and DEX +75M shares point to net buying pressure over multi‑day horizon, which can coexist with concentrated short‑dated put selling

OI clusters: Largest OI concentration near 337.5 (puts) and 345 (calls)

Hedging evidence: Dealers may be hedging via short deltas/collars given call buying vs put flow; request delta/time stamps or trade blotter to confirm

Max pain context: Spot currently near MP; front‑week put avalanche could pull price toward 337–338 short term, while multi‑day call flow supports resistance/pin potential ~345–350 but not guaranteed

Signal vs Noise

~Signal: very large Apr24/27 put volumes — short‑term downward pressure toward 337–338
~Signal: concentrated Apr27 call OI 340–345 implies dealer hedging interest over several days
~Noise: one‑off May1 357.5 call (high vol/low OI) likely directional, not structural

Key Conclusions

📊GEX/DEX buying suggests multi‑day bullish bias, but timeframes differ from front‑week puts
⚠️Front‑week put surge can create short‑term pin/volatility into expiry; monitor real‑time flow to see if calls offset it
How to Use These Reports
This flow reflects the market close on April 23, 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.