thetaOwl

GOOGL

Alphabet Inc.Close $373.25EOD only
Max Pain
$360.00
Next expiry Jun 17, 2026
Expected Move
±$5.28
1.4% from close
Price Gap
-13.25
Distance to max pain
IV Rank
71
High premium
P/C OI
0.84
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 16, 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 16, 2026 close
GOOGL Flow Report
Analysis based on market close June 17, 2026

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

Flow Verdict

BiasBullish
Confirmation: Sustained buying above 367.5
Invalidation: Break below 357.5 or put volume surges
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.0% from MP; +0.5 VIX 18

Watch next session: 367.5 Call activity; Gamma flip at 320

Flow Summary

Net premium: +$112.6M bullish

P/C volume ratio: 0.54

P/C OI ratio: 0.82

Net premium +$2.5M, GEX +$1.2B, put/call volume 0.75, and OTM call buying at 367.5 indicate bullish positioning. Pinning near 365-370.

Notable Prints

#1
GOOGL 2026-06-17 $367.50 Call
Vol: 26,730
OI: 342
Vol/OI: 78.2x
IV: 9.0%
Notional: ~$27K
Intent: Aggressive bullish speculation on upside breakout
Dual read: Possible gamma hedging in low OI

Read-through: Strong bullish sentiment near expiration

#2
GOOGL 2026-06-17 $365.00 Call
Vol: 25,099
OI: 586
Vol/OI: 42.8x
IV: 4.5%
Notional: ~$50K
Intent: Bullish bet on pin near $365
Dual read: Delta hedging or short squeeze prep

Read-through: Confidence in upward move

#3
GOOGL 2026-06-17 $362.50 Put
Vol: 15,370
OI: 544
Vol/OI: 28.2x
IV: 5.4%
Notional: ~$61K
Intent: Protective put buying or bearish hedge
Dual read: Speculative bet on pullback

Read-through: Caution despite overall bullish flow

#4
GOOGL 2026-06-17 $360.00 Put
Vol: 15,552
OI: 743
Vol/OI: 20.9x
IV: 9.4%
Notional: ~$16K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
GOOGL 2026-06-17 $365.00 Put
Vol: 13,942
OI: 1,231
Vol/OI: 11.3x
IV: 11.2%
Notional: ~$1.7M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at $365, $367.5, $370 strikes with high vol/oi ratios (up to 78x), indicating new bullish bets.

Put additions: Elevated put volume at $360, $362.5, $365 strikes; likely hedging against spot downside.

GEX/DEX consistency: Consistent: positive GEX ($79.3M) and DEX (+88.1M shares) align with bullish flow and gamma pinning regime.

OI clusters: Put OI concentrated ~12% below spot (~$360); call OI building at $365-370.

Hedging evidence: Puts at $360-365 may hedge long stock or call positions; collar-like structure.

Max pain context: Not given but gamma flips at $320; pinning expected near $365 based on GEX and flow.

Signal vs Noise

~Massive vol/oi on deep OTM $367.5C and $365C (78x, 43x) are real bullish bets, not noise, due to opening activity.
~High put volume at $362.5 and $360 (28x, 21x) is noise given tiny premium; but $365P (11x) may signal real hedging.
~Late-week $372.5C and $367.5C (6/26) with low vol/oi are noise; speculative gamma plays.

Key Conclusions

📈Bulk of call buying at $365-370 suggests institutional bullish bias ahead of expiration.
🛡️Concentrated put activity at $360-365 provides downside hedge, limiting risk.
⚠️Low OI on massive call volume implies all-or-nothing bets; high risk if spot fails to pierce $370.
How to Use These Reports
This flow reflects the market close on June 17, 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.