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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 22, 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 0.5% from MP; +1 VIX 17

Flow Summary

Net premium: +$53.8M bullish

P/C volume ratio: 0.50

P/C OI ratio: 0.91

Bullish flow with $53.8M net premium, call volume dominating. Positive GEX $16.1M suggests pinning. Notable call buying at $387.5 and $385 strikes. Spot near max pain. Bias bullish.

Notable Prints

GOOGL 2026-05-26 $387.50 Call

Vol: 11,519

OI: 258

Vol/OI: 44.6x

IV: 16.2%

Notional: ~$1.3M

Intent: Bullish speculation

Read-through: Anticipates near-term upward move

GOOGL 2026-05-22 $387.50 Call

Vol: 36,271

OI: 2,454

Vol/OI: 14.8x

IV: 10.2%

Notional: ~$36K

Intent: Closing/settlement

Dual read: Pin action near max pain

Read-through: Likely pinning at 387.5

GOOGL 2026-05-29 $397.50 Call

Vol: 7,838

OI: 529

Vol/OI: 14.8x

IV: 24.8%

Notional: ~$886K

Intent: Bullish speculation

Read-through: Expects further upside beyond next week

GOOGL 2026-05-22 $385.00 Call

Vol: 25,484

OI: 1,968

Vol/OI: 12.9x

IV: 5.2%

Notional: ~$25K

Intent: Closing/settlement

Dual read: Max pain candidate

Read-through: Pinning at 385 support

GOOGL 2026-05-22 $382.50 Call

Vol: 4,588

OI: 416

Vol/OI: 11.0x

IV: 5.7%

Notional: ~$174K

Intent: Closing trade

Read-through: Low volume relative to other expiries

Institutional Positioning

Call additions: Heavy call buying at 387.5, 385, 382.5 strikes across weeklies; high vol/oi ratios indicate new positions.

Put additions: Minimal put activity; 387.5 put moderate but low volume.

GEX/DEX consistency: Both GEX (+$16.1M) and DEX (+77.1M shares) positive, flow consistent with bullish positioning.

OI clusters: Largest OI at 387.5 strike across multiple expirations; also 385 and 397.5.

Hedging evidence: Low put volume suggests minimal hedging; directional bias unhedged.

Max pain context: Spot near MP, pinning expected around 387.5.

Signal vs Noise

~Real signal: high vol/oi call ratios, positive net premium, consistent GEX/DEX.

~Noise: large OTM call volume may be speculative; weekly expiration activity short-lived.

Key Conclusions

📈Aggressive call accumulation at 387.5-385 strikes, net premium $53.8M bullish.

📊Positive gamma and delta consistent with institutional buying support.

🎯Spot at MP, pinning likely near 387.5; OI clusters reinforce this level.

How to Use These Reports

This flow reflects the market close on May 22, 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.