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GOOGL

Alphabet Inc.Close $388.91EOD only

Max Pain

$385.00

Next expiry May 22, 2026

Expected Move

±$8.38

2.1% from close

Price Gap

-3.91

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.90

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 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

May 20, 2026 close

GOOGL Flow Report

Analysis based on market close May 20, 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 0.3% from MP; +1 VIX 17

Watch next session: GOOGL 385 Call; GOOGL 390 Call; GOOGL 392.5 Call

Flow Summary

Net premium: +$124.1M bullish

P/C volume ratio: 0.43

P/C OI ratio: 0.90

Aggressive same-day call buying at 385-392.5 strikes, net premium +$124M, put/call volume ratio 0.43. Positive GEX and DEX, spot near MP. Bullish flow suggests continued upside bias, with dealer hedging amplifying moves. Risk of pin at expiry due to concentrated OI.

Notable Prints

GOOGL 2026-05-20 $385.00 Call

Vol: 16,009

OI: 213

Vol/OI: 75.2x

IV: 30.5%

Notional: ~$7.0M

Intent: Bullish

Dual read: Hedge short

Read-through: Stock >$385

GOOGL 2026-05-20 $387.50 Call

Vol: 37,415

OI: 517

Vol/OI: 72.4x

IV: 9.6%

Notional: ~$6.1M

Intent: Bullish

Dual read: Spread

Read-through: Stock ~$387.5

GOOGL 2026-05-20 $382.50 Put

Vol: 16,157

OI: 1,124

Vol/OI: 14.4x

IV: 20.6%

Notional: ~$16K

Intent: Bearish hedge

Dual read: Close short put

Read-through: Stock >$382.5

GOOGL 2026-05-22 $387.50 Call

Vol: 4,679

OI: 387

Vol/OI: 12.1x

IV: 32.1%

Notional: ~$2.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

GOOGL 2026-05-20 $392.50 Call

Vol: 32,972

OI: 3,031

Vol/OI: 10.9x

IV: 8.2%

Notional: ~$33K

Intent: Lottery

Dual read: Ratio spread

Read-through: Unlikely ITM

Institutional Positioning

Call additions: Aggressive call buying at 385/387.5/390/392.5 with high vol/oi

Put additions: Minor puts at 382.5/385, Aug 395 put for hedging

GEX/DEX consistency: GEX +$111M, DEX +78M shares, both bullish aligned

OI clusters: Largest OI clusters at 390C (5.6k), 392.5C (3k), 385P (1.7k)

Hedging evidence: Aug 395 put (880 vol, $30.5) suggests collar protection

Max pain context: MP near 385-390, spot $389.8, gamma pinning expected

Signal vs Noise

~Signal: Call prints at 385/387.5/390/392.5 with vol/oi >8 signal new longs

~Signal: Net premium +$124M and positive GEX/DEX confirm bullish flow

~Noise: Put activity at 382.5/385 is low vol/oi, likely hedging

~Noise: Aug 395 put isolated, not directional

Key Conclusions

🚀Aggressive call buying signals bullish conviction

📌Gamma pin near MP 385-390, spot aligned

🛡️Low put/call ratio confirms bullish bias

How to Use These Reports

This flow reflects the market close on May 20, 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.