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GOOGL

Alphabet Inc.Close $387.66EOD only

Max Pain

$385.00

Next expiry May 22, 2026

Expected Move

±$5.24

1.4% from close

Price Gap

-2.66

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.92

Balanced positioning

Consensus

9.5/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

GOOGL Flow Report

Analysis based on market close May 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 0.7% from MP; +1 VIX 17

Watch next session: $385 support; $390 resistance

Flow Summary

Net premium: +$87.5M bullish

P/C volume ratio: 0.42

P/C OI ratio: 0.92

Heavy call buying dominates with $87.5M net premium, low PCR (0.42). GEX positive at +$102.3M. Unusual volume in weekly $390 calls suggests bullish positioning. Bias remains bullish as long as spot holds above $385.

Notable Prints

GOOGL 2026-05-26 $387.50 Call

Vol: 961

OI: 104

Vol/OI: 9.2x

IV: 22.3%

Notional: ~$407K

Intent: Bullish speculation

Dual read: New position

Read-through: Expects rally by May 26

GOOGL 2026-05-22 $392.50 Call

Vol: 14,288

OI: 1,650

Vol/OI: 8.7x

IV: 24.1%

Notional: ~$1.4M

Intent: Short-term bullish

Dual read: Gamma play

Read-through: Targets $392.50 by May 22

GOOGL 2026-05-22 $387.50 Call

Vol: 9,042

OI: 1,323

Vol/OI: 6.8x

IV: 24.4%

Notional: ~$2.5M

Intent: Bullish near-term

Dual read: Spread component

Read-through: Sees upside above $387.50

GOOGL 2026-05-29 $390.00 Call

Vol: 8,745

OI: 1,589

Vol/OI: 5.5x

IV: 26.9%

Notional: ~$4.7M

Intent: Bullish

Dual read: Roll from May 22

Read-through: Expects move above $390 by month end

GOOGL 2026-05-22 $382.50 Put

Vol: 7,713

OI: 1,660

Vol/OI: 4.7x

IV: 23.9%

Notional: ~$640K

Intent: Protective or bearish

Dual read: Part of collar

Read-through: Downside protection

Institutional Positioning

Call additions: Bullish call flow at 387.5-392.5 strikes, high volume/OI ratios

Put additions: Modest put additions at 382.5 and 380, hedging downside

GEX/DEX consistency: GEX/DEX positive, flow bullish, consistent with pinning regime

OI clusters: Highest OI at 390C (6.7k) and 382.5P (1.6k), near spot

Hedging evidence: Downside puts at 380-382.5 indicate hedging

Max pain context: Spot near max pain (~$385), pinning expected

Signal vs Noise

~Signal: High vol/oi call prints (5-9x) indicate institutional buying

~Signal: Positive GEX/DEX aligns with bullish flow

~Noise: Small put prints may be retail hedging, not trend

Key Conclusions

🟢Strong call buying signals bullish institutional positioning

📍Spot near max pain with positive GEX suggests pinning

🛡️Downside puts at 380-382.5 provide hedge, not bearish

How to Use These Reports

This flow reflects the market close on May 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.