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GOOGL

Alphabet Inc.Close $368.03EOD only

Max Pain

$365.00

Next expiry Jun 22, 2026

Expected Move

±$6.35

1.7% from close

Price Gap

-3.03

Distance to max pain

IV Rank

100

High premium

P/C OI

0.82

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

GOOGL Flow Report

Analysis based on market close June 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; -0.5 spot 4.2% from MP; +1 VIX 17

Watch next session: Monitor GEX shift, resistance near $357.5-$360 calls

Flow Summary

Net premium: +$152.0M bullish

P/C volume ratio: 0.47

P/C OI ratio: 0.77

Aggressive call buying, especially OTM weekly calls, despite modest market dip. Net premium positive, low put/call volume ratio. Negative GEX but high DEX suggests dealer hedging upside. Bullish flow bias intact.

Notable Prints

GOOGL 2026-06-22 $352.50 Call

Vol: 40,558

OI: 133

Vol/OI: 304.9x

IV: 7.4%

Notional: ~$41K

Intent: Bullish speculation

Dual read: Part of a spread

Read-through: Near-term upside bet

GOOGL 2026-06-22 $340.00 Put

Vol: 16,376

OI: 128

Vol/OI: 127.9x

IV: 21.9%

Notional: ~$16K

Intent: Bearish hedge

Dual read: Protective put

Read-through: Downside protection

GOOGL 2026-06-22 $357.50 Call

Vol: 12,187

OI: 133

Vol/OI: 91.6x

IV: 18.0%

Notional: ~$12K

Intent: Bullish outlook

Dual read: Covered call

Read-through: Speculative call buying

GOOGL 2026-06-24 $347.50 Call

Vol: 4,488

OI: 107

Vol/OI: 41.9x

IV: 31.9%

Notional: ~$2.3M

Intent: Bullish momentum

Dual read: Calendar spread leg

Read-through: Earnings optimism

GOOGL 2026-06-22 $352.50 Put

Vol: 8,699

OI: 216

Vol/OI: 40.3x

IV: 17.4%

Notional: ~$2.7M

Intent: Bearish bet

Dual read: Put selling

Read-through: Short-term downside

Institutional Positioning

Call additions: Heavy OTM call buying at 352.5, 357.5, 360 (Jun22 & Jun24); volumes 40k, 12k, 21k; low IV on deep OTM suggests some noise.

Put additions: Notable put buying at 340 (16k) and 352.5 (8.7k) – protective or bearish.

GEX/DEX consistency: GEX -12.9M (negative) but DEX +70.9M (bullish); flow call-heavy, partly inconsistent.

OI clusters: Large OI at 360C (570), 350C (420), 352.5P (216). Gamma flip at 320.

Hedging evidence: Puts at 340 and 352.5 suggest collar hedging for long calls.

Max pain context: Spot below max pain (~$350), pinning bullish near expirations.

Signal vs Noise

~High vol/oi ratios on OTM calls are likely real institutional flow

~Low IV on deep OTM calls (e.g., 352.5C) suggests noise

~Put buying at 340 with high ratio is signal of downside protection

Key Conclusions

📈Bullish call buying dominates with $152M net premium, pointing to upside bets.

⚠️Negative GEX vs bullish DEX/call flow creates conflicting signals; aggressive calls may be noise.

How to Use These Reports

This flow reflects the market close on June 22, 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.