thetaOwl

GOOGL

Alphabet Inc.Close $346.13EOD only
Max Pain
$347.50
Next expiry Jun 24, 2026
Expected Move
±$5.55
1.6% from close
Price Gap
+1.37
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
5.5/10
Consensus signal
Published snapshot: Jun 23, 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 23, 2026 close
GOOGL Flow Report
Analysis based on market close June 24, 2026

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

Flow Verdict

BiasBullish
Confirmation: Sustained call volume driving spot above $355 resistance
Invalidation: Price closes below gamma flip at $320
Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 spot 0.6% from MP; +0.5 VIX 19

Watch next session: $355; $347.5

Flow Summary

Net premium: +$19.3M bullish

P/C volume ratio: 0.47

P/C OI ratio: 0.75

Bullish flow dominates with heavy call buying at $355 and $352.5 strikes. Net premium positive, put/call volume ratio 0.47 supports upside bias. Negative gamma puts pressure but spot near max pain. Caution warranted if spot dips below $347.5 support.

Notable Prints

#1
GOOGL 2026-06-24 $350.00 Put
Vol: 23,830
OI: 611
Vol/OI: 39.0x
IV: 39.2%
Notional: ~$12.5M
Intent: Bearish hedge or speculation

Read-through: Bearish sentiment

#2
GOOGL 2026-06-24 $352.50 Call
Vol: 56,506
OI: 1,482
Vol/OI: 38.1x
IV: 16.8%
Notional: ~$57K
Intent: Closing OTM calls

Read-through: Expiration activity

#3
GOOGL 2026-06-24 $347.50 Put
Vol: 18,259
OI: 878
Vol/OI: 20.8x
IV: 27.0%
Notional: ~$5.0M
Intent: Bearish bet

Read-through: Bearish

#4
GOOGL 2026-06-24 $352.50 Put
Vol: 2,787
OI: 137
Vol/OI: 20.3x
IV: 49.5%
Notional: ~$2.2M
Intent: Bearish or hedge

Read-through: High IV suggests caution

#5
GOOGL 2026-06-24 $342.50 Call
Vol: 1,852
OI: 112
Vol/OI: 16.5x
IV: 29.5%
Notional: ~$476K
Intent: Bullish speculation

Read-through: Mildly bullish

Institutional Positioning

Call additions: 355C (70.9k vol), 352.5C (56.5k), 347.5C (15.4k) – upside speculation

Put additions: 350P (23.8k vol), 347.5P (18.3k), 352.5P (2.8k) – hedging or downside bets

GEX/DEX consistency: GEX -$37.6M (short gamma) vs DEX +73.7M (long delta) – inconsistent, amplifies moves

OI clusters: 355C (4,352 OI), 347.5C (1,268), 345C (1,040), 350P (611)

Hedging evidence: Put accumulation may hedge long stock or be bearish; no clear collar pattern

Max pain context: Spot at MP per regime – expected pinning near current levels

Signal vs Noise

~Large call and put OI build with high vol/oi ratios are signal; small prints under 1k vol are noise
~Net premium $19.3M bullish – signal
~VIX 18.6 moderate – noise, not extreme

Key Conclusions

🔥Massive 355C buying (70k vol) signals bullish speculation above current spot
⚠️Put additions at 350 and 347.5 suggest hedging against near-term weakness
Short gamma with long delta amplifies moves; watch for volatility expansion
How to Use These Reports
This flow reflects the market close on June 24, 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.