thetaOwl

GOOGL

Alphabet Inc.Close $382.97EOD only
Max Pain
$387.50
Next expiry May 26, 2026
Expected Move
±$5.76
1.5% from close
Price Gap
+4.53
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.90
Balanced positioning
Consensus
8.5/10
Bullish tilt
Published snapshot: May 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
May 22, 2026 close
GOOGL Flow Report
Analysis based on market close May 26, 2026

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

Flow Verdict

BiasBullish
Confirmation: Spot remains above MP with strong call volume at $387.50 and $390; continued call dominance confirms bullish flow.
Invalidation: Spot closes below MP or surge in put volume; break of gamma pinning support at $385.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.0% from MP; +1 VIX 17

Watch next session: Monitor $387.50 and $390 gamma pinning; watch for flow into $395 calls.

Flow Summary

Net premium: +$170.0M bullish

P/C volume ratio: 0.39

P/C OI ratio: 0.93

Aggressive call buying at $387.50 and $390 drives bullish flow; gamma pinning and low put/call ratio align for upside bias. High confidence.

Notable Prints

#1
GOOGL 2026-05-27 $395.00 Call
Vol: 5,339
OI: 328
Vol/OI: 16.3x
IV: 21.2%
Notional: ~$262K
Intent: Bullish

Read-through: Directional

#2
GOOGL 2026-05-26 $387.50 Call
Vol: 31,348
OI: 2,602
Vol/OI: 12.1x
IV: 9.4%
Notional: ~$4.1M
Intent: Bullish

Read-through: Aggressive

#3
GOOGL 2026-05-26 $385.00 Call
Vol: 9,947
OI: 1,043
Vol/OI: 9.5x
IV: 30.9%
Notional: ~$3.7M
Intent: Bullish

Read-through: Gamma

#4
GOOGL 2026-05-26 $385.00 Put
Vol: 6,906
OI: 743
Vol/OI: 9.3x
IV: 9.0%
Notional: ~$7K
Intent: Bearish

Read-through: Hedge

#5
GOOGL 2026-05-26 $390.00 Call
Vol: 32,786
OI: 3,562
Vol/OI: 9.2x
IV: 3.6%
Notional: ~$33K
Intent: Bullish

Read-through: Lottery

Institutional Positioning

Call additions: Heavy call buying at 387.5-390; 31348 vol 387.5C, 32786 vol 390C

Put additions: Minor puts at 382.5-387.5 (vol/oi ~7-9x); put/call vol ratio 0.39

GEX/DEX consistency: Consistent: GEX +$159.5M, DEX +78.3M, bullish gamma pinning

OI clusters: Largest OI: 390C 3,562, 387.5C 2,602, 385C 1,043

Hedging evidence: Minimal; no meaningful put OI below spot

Max pain context: Spot above MP; gamma pinning regime suggests pin near 390

Signal vs Noise

~Unusual call volume at 387.5 and 390 is real demand
~Net premium +$170M confirms institutional bullish flow
~VIX 17 is moderate, no clear edge
~Low put activity is noise relative to calls

Key Conclusions

📈Heavy call accumulation at 387.5-390 shows bullish positioning
⚠️Spot above MP may cap upside; pinning at 390 likely
🔮Positive GEX/DEX supports short-term bullish bias
How to Use These Reports
This flow reflects the market close on May 26, 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.