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GOOGL

Alphabet Inc.Close $387.35EOD only

Max Pain

$390.00

Next expiry May 13, 2026

Expected Move

±$5.01

1.3% from close

Price Gap

+2.65

Distance to max pain

IV Rank

High premium

P/C OI

0.92

Balanced positioning

Consensus

6.5/10

Bullish tilt

Published snapshot: May 12, 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 12, 2026 close

GOOGL Flow Report

Analysis based on market close May 13, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.6% from MP; +1 VIX 18

Watch next session: Monitor gamma pinning at $400; Watch for put activity increase

Flow Summary

Net premium: +$375.6M bullish

P/C volume ratio: 0.42

P/C OI ratio: 0.91

GOOGL exhibits strong bullish flow with positive GEX and net premium. Unusual OTM put buying suggests hedging, but call volume dominates. Pinning at $400 support. Bias bullish.

Notable Prints

GOOGL 2026-05-13 $400.00 Put

Vol: 16,699

OI: 126

Vol/OI: 132.5x

IV: 6.1%

Notional: ~$17K

Intent: Speculative put

Dual read: Protective hedge

Read-through: Bearish tail risk

GOOGL 2026-05-13 $397.50 Put

Vol: 9,465

OI: 151

Vol/OI: 62.7x

IV: 10.9%

Notional: ~$9K

Intent: Speculative put

Dual read: Protective hedge

Read-through: Bearish tilt

GOOGL 2026-05-13 $392.50 Put

Vol: 16,290

OI: 304

Vol/OI: 53.6x

IV: 19.9%

Notional: ~$33K

Intent: Speculative put

Dual read: Hedge

Read-through: Bearish exposure

GOOGL 2026-05-13 $405.00 Call

Vol: 25,689

OI: 827

Vol/OI: 31.1x

IV: 5.7%

Notional: ~$26K

Intent: Speculative call

Dual read: Bullish bet

Read-through: Bullish sentiment

GOOGL 2026-05-13 $395.00 Put

Vol: 11,676

OI: 445

Vol/OI: 26.2x

IV: 15.6%

Notional: ~$35K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 402.5 (34.7k vol, 1.6k OI) and 400 (35.5k vol, 3.6k OI), plus 397.5 calls

Put additions: Unusual put vol at 400, 397.5, 392.5 strikes with low OI, likely protective or collar hedges

GEX/DEX consistency: Bullish: positive GEX ($250M) and DEX (99.7M shares) align with bullish flow

OI clusters: Largest OI at 400 call (3.6k) and 402.5 call (1.6k); put OI light, max concentration near 390

Hedging evidence: Low-IV puts at 400-392.5 indicate protective puts or collars alongside call buying

Max pain context: Spot ~402, MP ~384 (4.6% below); pinning gamma, spot above MP but expected pinning

Signal vs Noise

~Signal: Call volume at 402.5 and 400 strikes with high vol/OI ratios indicate institutional bullish positioning

~Signal: Positive GEX/DEX and low put/call volume ratio (0.42) confirm bullish flow regime

~Noise: Put volume at 400/397.5 with <0.03 price and low OI are likely hedges, not directional bearish bets

Key Conclusions

📈Heavy call accumulation at 400-402.5 strikes signals institutional bullish bias, supported by positive GEX/DEX.

🛡️Surge in low-IV put volume suggests collar or protective hedging, limiting downside risk but capping upside if delta-hedged.

📌Spot is 4.6% above max pain (~384); pinning gamma likely to hold price above MP but increases volatility risk.

How to Use These Reports

This flow reflects the market close on May 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.