thetaOwl

GOOGL

Alphabet Inc.Close $369.35EOD only
Max Pain
$355.00
Next expiry Jun 17, 2026
Expected Move
±$7.48
2.0% from close
Price Gap
-14.35
Distance to max pain
IV Rank
63
High premium
P/C OI
0.84
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
GOOGL Flow Report
Analysis based on market close June 16, 2026

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

Flow Verdict

BiasBullish
Confirmation: Continued heavy call buying, spot above max pain, and positive gamma pinning near 375.
Invalidation: Break below gamma flip at 320 or VIX spike above 20.
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.7% from MP; +1 VIX 16

Watch next session: 372.5; 380; 375

Flow Summary

Net premium: +$166.2M bullish

P/C volume ratio: 0.33

P/C OI ratio: 0.84

Heavy call buying and low put/call volume ratio (0.33) signal bullish flow. Positive gamma ($149.8M) and spot above MP support pinning. Despite market weakness, net premium $166M suggests institutional bullish positioning.

Notable Prints

#1
GOOGL 2026-06-17 $372.50 Call
Vol: 25,828
OI: 701
Vol/OI: 36.8x
IV: 25.5%
Notional: ~$8.0M
Intent: Bullish bet above spot
Dual read: Call spread?

Read-through: High volume, OI surge, pinning at 370?

#2
GOOGL 2026-06-17 $367.50 Put
Vol: 6,988
OI: 200
Vol/OI: 34.9x
IV: 25.4%
Notional: ~$517K
Intent: Hedge or bearish put
Dual read: Protective put for long stock

Read-through: Puts bought slightly below spot

#3
GOOGL 2026-06-17 $370.00 Put
Vol: 8,527
OI: 260
Vol/OI: 32.8x
IV: 25.1%
Notional: ~$1.2M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
GOOGL 2026-06-17 $380.00 Call
Vol: 40,247
OI: 1,371
Vol/OI: 29.4x
IV: 25.5%
Notional: ~$2.4M
Intent: Bullish call buying
Dual read: Short call? Volume vs OI suggests opening

Read-through: Bet on upside break

#5
GOOGL 2026-06-17 $365.00 Put
Vol: 4,345
OI: 261
Vol/OI: 16.6x
IV: 26.2%
Notional: ~$191K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Large at $372.5C (28k vol) and $380C (40k vol).

Put additions: Modest at $365-370P (4-8k vol).

GEX/DEX consistency: GEX+$149.8M, DEX+84.6M shares, bullish alignment.

OI clusters: Highest OI $375C (2847), $370C (1978). Pin ~370-375.

Hedging evidence: Light; small puts suggest minor downside protection.

Max pain context: Spot above MP, pinning near 370-375; gamma flip 320.

Signal vs Noise

~Call prints at 372.5 and 380 are real institutional flow.
~Low put/call vol ratio 0.33 confirms bullish bias.
~Noise: far-dated $555C vol high but low OI.

Key Conclusions

📈Strong call buying at 372.5/380; GEX/DEX bullish. Spot above MP but pinning supports. Net premium +$166M.
⚠️Pinning near 370-375 may cap upside. Small put hedges suggest caution on downside.
How to Use These Reports
This flow reflects the market close on June 16, 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.