thetaOwl

GOOGL

Alphabet Inc.Close $364.26EOD only
Max Pain
$362.50
Next expiry Jun 10, 2026
Expected Move
±$5.36
1.5% from close
Price Gap
-1.76
Distance to max pain
IV Rank
40
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 9, 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 9, 2026 close
GOOGL Flow Report
Analysis based on market close June 9, 2026

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

Flow Verdict

BiasBullish
Confirmation: Heavy call accumulation, especially at 367.5-375 strikes, with massive volume/OI ratios, positive net premium, and low put/call ratios.
Invalidation: Break below gamma flip at 345 or a surge in put volume exceeding call volume.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +0.5 VIX 20

Watch next session: Call sweep activity; Spot proximity to gamma flip

Flow Summary

Net premium: +$117.9M bullish

P/C volume ratio: 0.52

P/C OI ratio: 0.85

Bullish flow dominates with heavy call buying into expiration, indicating upside expectations despite weak tech sector. Gamma pinning near max pain supports spot. Positive GEX and DEX reinforce upward bias.

Notable Prints

#1
GOOGL 2026-06-10 $367.50 Call
Vol: 16,734
OI: 697
Vol/OI: 24.0x
IV: 25.3%
Notional: ~$2.4M
Intent: Bullish

Read-through: Sweep

#2
GOOGL 2026-06-10 $372.50 Call
Vol: 14,365
OI: 783
Vol/OI: 18.4x
IV: 26.2%
Notional: ~$632K
Intent: Bullish

Read-through: Sweep

#3
GOOGL 2026-06-10 $365.00 Put
Vol: 6,698
OI: 378
Vol/OI: 17.7x
IV: 27.5%
Notional: ~$2.0M
Intent: Hedging

Read-through: Protective

#4
GOOGL 2026-06-10 $375.00 Call
Vol: 21,625
OI: 1,239
Vol/OI: 17.4x
IV: 27.2%
Notional: ~$541K
Intent: Bullish

Read-through: Sweep

#5
GOOGL 2026-06-10 $357.50 Put
Vol: 3,133
OI: 199
Vol/OI: 15.7x
IV: 28.1%
Notional: ~$235K
Intent: Hedging

Read-through: Protective

Institutional Positioning

Call additions: Heavy call buying on 6/10 weekly OTM strikes (367.5,370,372.5,375) with vol/oi up to 24x.

Put additions: Put adds on 6/10 at 365,360,362.5 and a 6/15 335 put for tail protection.

GEX/DEX consistency: Positive GEX (+74.6M) and DEX (+82.2M shares) consistent with bullish flow.

OI clusters: Largest call OI at 370 (1,911) and 375 (1,239); put OI at 365 and 360.

Hedging evidence: Partial hedging via put adds at 365-360 and 335, but no clear collar.

Max pain context: Spot near max pain with pinning expected; gamma flip at 345 support.

Signal vs Noise

~Net premium +$118M and call volume ratio 0.52 are bullish signals.
~Positive GEX/DEX and call OI buildup at 370/375 signal institutional accumulation.
~VIX ~20 is moderate, not extreme; late-week put (6/15) is noise from tail hedge.
~Some put volume on 6/10 may be profit-taking, not directional bearish.

Key Conclusions

📈Heavy OTM call buying on weekly expiry signals bullish momentum.
⚠️Spot near max pain with gamma pinning may limit upside near term.
🔍Positive dealer gamma and flow are bullish, but put hedges warrant caution.
How to Use These Reports
This flow reflects the market close on June 9, 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.