thetaOwl

GOOGL

Alphabet Inc.Close $349.68EOD only
Max Pain
$360.00
Next expiry Jun 24, 2026
Expected Move
±$7.67
2.2% from close
Price Gap
+10.32
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.77
Slightly call-heavy
Consensus
4.5/10
Neutral tilt
Published snapshot: Jun 22, 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 22, 2026 close
GOOGL Flow Report
Analysis based on market close June 23, 2026

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

Flow Verdict

BiasBullish
Confirmation: Spot holds above gamma flip 320 and call volume sustains
Invalidation: Break below gamma flip 320 or spike in put volume ratio
Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 spot 0.4% from MP; +0.5 VIX 19

Watch next session: Gamma flip 320; Net premium direction; Unusual call open interest

Flow Summary

Net premium: +$45.3M bullish

P/C volume ratio: 0.50

P/C OI ratio: 0.75

Net premium positive with heavy call buying, low put/call ratio, and dealer long delta (+73M shares) support bullish bias despite negative gamma. Key level 320 gamma flip.

Notable Prints

#1
GOOGL 2026-06-24 $347.50 Call
Vol: 9,864
OI: 987
Vol/OI: 10.0x
IV: 27.7%
Notional: ~$2.1M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#2
GOOGL 2026-06-24 $342.50 Put
Vol: 5,320
OI: 558
Vol/OI: 9.5x
IV: 26.4%
Notional: ~$638K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
GOOGL 2026-06-24 $347.50 Put
Vol: 4,020
OI: 448
Vol/OI: 9.0x
IV: 26.5%
Notional: ~$1.3M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
GOOGL 2026-06-29 $372.50 Call
Vol: 968
OI: 127
Vol/OI: 7.6x
IV: 33.3%
Notional: ~$28K
Intent: Long-dated bullish speculation on higher upside

Read-through: High IV and low OI suggest new position betting on extension

#5
GOOGL 2026-06-24 $345.00 Put
Vol: 11,598
OI: 1,543
Vol/OI: 7.5x
IV: 27.1%
Notional: ~$2.4M
Intent: Bearish hedge or speculative put anticipating decline

Read-through: Large put volume indicates downside protection or bearish view

Institutional Positioning

Call additions: High vol in 6/24 calls 347.5-357.5, 6/29 372.5C.

Put additions: High vol in 6/24 puts 337.5-347.5.

GEX/DEX consistency: Mixed: GEX -$1.5M short gamma; DEX +73.2M long delta.

OI clusters: Largest OI at 350C (2.9k), 355C (3k), 345P (1.5k).

Hedging evidence: Puts near spot (345, 347.5) hedge downside.

Max pain context: Spot at MP (~345); VIX 19.5 pinning likely.

Signal vs Noise

~High volume/oi ratio prints are signal.
~Net positive premium and low put/call ratio signal bullish flow.
~Negative GEX vs positive DEX is noise; need clarity.
~Spot at max pain is signal for pin action.

Key Conclusions

📌Bullish flow with call buying, but short gamma warns of pin at MP.
How to Use These Reports
This flow reflects the market close on June 23, 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.