thetaOwl

GOOGL

Alphabet Inc.Close $345.29EOD only
Max Pain
$352.50
Next expiry Jun 26, 2026
Expected Move
±$8.55
2.5% from close
Price Gap
+7.21
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 24, 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 24, 2026 close
GOOGL Flow Report
Analysis based on market close June 25, 2026

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

Flow Verdict

BiasBullish
Confirmation: Spot holds above $340, continued call buying.
Invalidation: Spot closes below $320 or put volume surges.
Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +0.5 spot 1.8% from MP; +0.5 VIX 19

Watch next session: $345 strike; $340 base

Flow Summary

Net premium: +$17.8M bullish

P/C volume ratio: 0.69

P/C OI ratio: 0.76

Heavy call buying, $17.8M net premium, and unusual prints at $340/$342.5 show bullish flow. Negative gamma risks sharp moves, but trend remains up.

Notable Prints

#1
GOOGL 2026-06-26 $340.00 Call
Vol: 9,263
OI: 563
Vol/OI: 16.4x
IV: 34.5%
Notional: ~$4.8M
Intent: Bullish speculation near expiry
Dual read: May be hedging short delta exposure

Read-through: Aggressive buying sentiment

#2
GOOGL 2026-06-26 $342.50 Call
Vol: 7,979
OI: 836
Vol/OI: 9.5x
IV: 32.7%
Notional: ~$3.0M
Intent: Bullish speculation near expiry
Dual read: Could be part of a spread

Read-through: Continued bullish flow

#3
GOOGL 2026-06-26 $335.00 Call
Vol: 802
OI: 112
Vol/OI: 7.2x
IV: 38.0%
Notional: ~$746K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
GOOGL 2026-07-02 $347.50 Call
Vol: 3,348
OI: 472
Vol/OI: 7.1x
IV: 34.5%
Notional: ~$1.9M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
GOOGL 2026-07-02 $355.00 Call
Vol: 3,417
OI: 506
Vol/OI: 6.8x
IV: 33.1%
Notional: ~$871K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at $340/$342.5 June 26 and July 2 $347.5/$355 strikes

Put additions: None notable

GEX/DEX consistency: Bullish flow vs negative GEX (-$27.2M); DEX long (+73.4M shares)

OI clusters: June 26 $345 call OI 3,019; $340/$342.5 call clusters

Hedging evidence: Negative GEX implies dealer hedging against upside

Max pain context: Spot below MP (~$345); pinning up likely

Signal vs Noise

~High vol/oi ratios on calls signal new positioning
~Contradictory GEX/flow warrants caution on conviction

Key Conclusions

🚀Institutions aggressively buying calls, expecting near-term upside
⚠️Negative gamma flip at $320 risks increased volatility
How to Use These Reports
This flow reflects the market close on June 25, 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.