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GOOGL

Alphabet Inc.Close $372.19EOD only

Max Pain

$367.50

Next expiry Jun 5, 2026

Expected Move

±$5.35

1.4% from close

Price Gap

-4.69

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.85

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 4, 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

Jun 4, 2026 close

GOOGL Flow Report

Analysis based on market close June 5, 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; +0.5 VIX 22

Watch next session: $370-$372 resistance; $365 support

Flow Summary

Net premium: +$161.4M bullish

P/C volume ratio: 0.55

P/C OI ratio: 0.85

Aggressive call sweeps and positive gamma positioning suggest bullish intent despite broad market weakness. Unusual put activity at 365/367.5 likely hedging, not bearish. Pin action near max pain.

Notable Prints

GOOGL 2026-07-17 $460.00 Put

Vol: 1,879

OI: 101

Vol/OI: 18.6x

IV: 39.5%

Notional: ~$17.8M

Intent: Bearish hedge or directional bet

Dual read: Pos. closing of short put

Read-through: Expects deeper downside

GOOGL 2026-06-08 $370.00 Call

Vol: 8,384

OI: 640

Vol/OI: 13.1x

IV: 26.2%

Notional: ~$2.5M

Intent: Bullish rebound bet

Dual read: Short covering

Read-through: Optimistic despite sell-off

GOOGL 2026-06-08 $365.00 Put

Vol: 3,432

OI: 266

Vol/OI: 12.9x

IV: 26.4%

Notional: ~$824K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

GOOGL 2026-06-08 $367.50 Put

Vol: 4,735

OI: 481

Vol/OI: 9.8x

IV: 26.3%

Notional: ~$1.6M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

GOOGL 2026-06-05 $367.50 Put

Vol: 27,210

OI: 2,858

Vol/OI: 9.5x

IV: 5.6%

Notional: ~$245K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Large OI addition at $370 and $372.5 calls for 6/5 and 6/8 expiry

Put additions: Heavy put additions at $362.5-$367.5 for near-term (6/5-6/10) and a large $460 put for Jul

GEX/DEX consistency: Consistent: GEX +$107M, DEX +83M shares, regime bullish with gamma pinning

OI clusters: Highest open interest at $370 call (64k) and $365 put (3.5k) for 6/5; $370 call (640) for 6/8

Hedging evidence: Near-expiry puts likely hedging short delta; $460 put suggests downside protection

Max pain context: Spot ~$368 near max pain for 6/5; gamma flip not present

Signal vs Noise

~Signal: Large call accumulation at $370-372.5 for 6/5 and 6/8 reflects bullish bias with net premium positive

~Noise: Heavy put volume near expiry (6/5) is likely closing/rolling rather than fresh bearish bets

~Signal: GEX above +$100M and DEX +83M shares indicate dealer long gamma and positive delta hedging

Key Conclusions

📈Call buying at $370-372.5 for next week shows institutional bullish sentiment; net premium +$161M

⚠️Heavy near-expiry puts at $362.5-$367.5 may be hedging but add downside risk if market drops

🔒Positive GEX/DEX and gamma pinning support spot staying near max pain ($368) short term

How to Use These Reports

This flow reflects the market close on June 5, 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.