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 10, 2026

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

Flow Verdict

BiasBullish
Confirmation: Spot recovers above mean price or sustained call OI growth
Invalidation: Spot breaks below $355 support or put volume surges
Confidence:
3 / 10
base 5; -1 GEX/flow contradict; override: Base 4 reduced by 1 due to negative GEX contradicting bullish flow

Watch next session: $355 support; $362.50 resistance; call OI changes

Flow Summary

Net premium: +$63.0M bullish

P/C volume ratio: 0.51

P/C OI ratio: 0.87

Bullish flow with heavy call buying across strikes, despite broad market selloff. Net premium positive, low put/call ratios. Negative GEX and spot below mean price temper confidence. Key support $355.

Notable Prints

#1
GOOGL 2026-06-10 $357.50 Call
Vol: 13,182
OI: 315
Vol/OI: 41.9x
IV: 5.7%
Notional: ~$105K
Intent: Bullish speculation
Dual read: Could close short calls

Read-through: Bet on sharp rally

#2
GOOGL 2026-06-10 $360.00 Call
Vol: 22,157
OI: 879
Vol/OI: 25.2x
IV: 9.0%
Notional: ~$22K
Intent: Bullish opening
Dual read: Hedging short delta

Read-through: Optimistic despite selloff

#3
GOOGL 2026-06-10 $355.00 Call
Vol: 4,020
OI: 170
Vol/OI: 23.6x
IV: 21.3%
Notional: ~$430K
Intent: Bullish speculation
Dual read: Might be closing shorts

Read-through: Confidence in bounce

#4
GOOGL 2026-06-10 $357.50 Put
Vol: 15,927
OI: 1,059
Vol/OI: 15.0x
IV: 9.8%
Notional: ~$1.1M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
GOOGL 2026-06-10 $362.50 Call
Vol: 15,152
OI: 1,299
Vol/OI: 11.7x
IV: 14.1%
Notional: ~$15K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy OTM call buying: 357.5C, 360C, 355C, 362.5C, 367.5C, 370C, and 6/12 365C, net premium +$63M.

Put additions: Moderate put activity: 357.5P and 355P, but lower relative to calls.

GEX/DEX consistency: GEX -$11.7M (short gamma) contradicts bullish flow; DEX +81.8M shares (long delta) supports upside.

OI clusters: No significant OI clusters noted; most volume is new.

Hedging evidence: Few puts bought, but no major hedging structure; 295P is an outlier far OTM.

Max pain context: Spot below MP (likely $355-$360), negative gamma may pin or cause fast moves.

Signal vs Noise

~Heavy OTM call volume
~Short gamma positioning creates volatility risk
~Positive delta from dealers
~High VIX (22.2) amplifying moves
~Low volume 295 put (way OTM) is noise

Key Conclusions

📈Bullish call flow dominates but short gamma raises caution; net premium +$63M shows direction.
⚠️Short gamma (-$11.7M) implies volatile price action; moves may be exaggerated and erratic.
🛡️Dealer long delta (+81.8M shares) provides support; buying dips favored but with stops.
How to Use These Reports
This flow reflects the market close on June 10, 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.