thetaOwl

GOOGL

Alphabet Inc.Close $368.53EOD only
Max Pain
$370.00
Next expiry Jun 8, 2026
Expected Move
±$7.90
2.1% from close
Price Gap
+1.47
Distance to max pain
IV Rank
38
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 5, 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 5, 2026 close
GOOGL Flow Report
Analysis based on market close June 8, 2026

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

Flow Verdict

BiasBullish
Confirmation: Buying at $362.5-$365 calls, low put/call ratio, positive gex
Invalidation: Spot breaks below $357.5, surge in put volume
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +0.5 VIX 19

Watch next session: $365 resistance; $362.5 support

Flow Summary

Net premium: +$270.5M bullish

P/C volume ratio: 0.42

P/C OI ratio: 0.88

Strong call flow dominates with aggressive OTM call buying. Net premium +$270M, put/call volume ratio 0.42. GEX positive $42.7M, gamma pinning near $362.5. Spot below max pain but bullish momentum from tech rally (QQQ +1.56%). Bias bullish with near-term resistance at $365.

Notable Prints

#1
GOOGL 2026-08-21 $415.00 Call
Vol: 57,846
OI: 817
Vol/OI: 70.8x
IV: 38.3%
Notional: ~$49.0M
Intent: bullish speculation
Dual read: or short volatility

Read-through: long-term confidence

#2
GOOGL 2026-06-08 $365.00 Call
Vol: 43,112
OI: 618
Vol/OI: 69.8x
IV: 5.3%
Notional: ~$43K
Intent: speculative same-day
Dual read: or closing worthless

Read-through: low probability

#3
GOOGL 2026-06-08 $362.50 Call
Vol: 28,759
OI: 452
Vol/OI: 63.6x
IV: 10.3%
Notional: ~$2.4M
Intent: bullish intraday
Dual read: or delta hedge

Read-through: near-the-money pinning

#4
GOOGL 2026-06-10 $365.00 Call
Vol: 7,590
OI: 204
Vol/OI: 37.2x
IV: 29.9%
Notional: ~$2.1M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
GOOGL 2026-06-10 $362.50 Call
Vol: 4,499
OI: 136
Vol/OI: 33.1x
IV: 30.7%
Notional: ~$2.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at $415 (Aug) and $362.5-365 (June); significant long-dated bullish bets.

Put additions: Modest puts at $362.5 & $357.5 (June); hedging, not bearish.

GEX/DEX consistency: Positive GEX/DEX align with bullish flow; regime Bullish & Pinning.

OI clusters: Largest OI: $415 call (817), $367.5 call (892), $362.5 put (474). Key levels $360-$370.

Hedging evidence: Puts at $362.5 & $357.5 suggest downside protection, volume modest.

Max pain context: Spot below MP; pinning below, but positive gamma may lift.

Signal vs Noise

~Large $415 call block (70.8x OI) is real institutional interest.
~Expiring $365 calls at 0.01 likely noise from closing.
~Near-term $362.5 calls show real flow with 30%+ vol/oi.
~Put activity small relative to calls; not significant noise.

Key Conclusions

📈Heavy call accumulation at $415 signals bullish long-dated view from smart money.
📊Positive GEX/DEX, low put/call ratio, regime bullish and pinning.
⚠️Large OTM $415 call volume may be speculative; monitor volatility.
How to Use These Reports
This flow reflects the market close on June 8, 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.