thetaOwl

GOOGL

Alphabet Inc.Close $343.71EOD only
Max Pain
$350.00
Next expiry Jun 26, 2026
Expected Move
±$6.40
1.9% from close
Price Gap
+6.29
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.76
Slightly call-heavy
Consensus
5.0/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
GOOGL Flow Report
Analysis based on market close June 26, 2026

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

Flow Verdict

BiasBullish
Confirmation: Continued call buying and price closing above $340.
Invalidation: Break below $320 gamma flip or spike in put volume.
Confidence:
4 / 10
base 5; -1 GEX/flow contradict; -0.5 spot 3.6% from MP; +0.5 VIX 18

Watch next session: 340C; 345C; 337.5P

Flow Summary

Net premium: +$14.8M bullish

P/C volume ratio: 0.47

P/C OI ratio: 0.75

Heavy OTM call buying (345C 56k, 342.5C 36k) drives net premium positive. Negative GEX (-$35M) but flow regime bullish. Spot below MP offers upside potential.

Notable Prints

#1
GOOGL 2026-06-26 $342.50 Call
Vol: 36,052
OI: 1,261
Vol/OI: 28.6x
IV: 19.6%
Notional: ~$397K
Intent: Bullish speculative buy on cheap OTM call
Dual read: Or short call if IV selling

Read-through: Expects minor upside; high leverage

#2
GOOGL 2026-06-26 $337.50 Put
Vol: 29,535
OI: 1,677
Vol/OI: 17.6x
IV: 28.3%
Notional: ~$5.6M
Intent: Bearish put buy targeting further decline
Dual read: Or IV selling but OI increase suggests new long

Read-through: Downside hedging or directional short

#3
GOOGL 2026-06-29 $340.00 Call
Vol: 4,663
OI: 269
Vol/OI: 17.3x
IV: 24.4%
Notional: ~$989K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
GOOGL 2026-06-26 $340.00 Call
Vol: 25,998
OI: 1,606
Vol/OI: 16.2x
IV: 17.6%
Notional: ~$676K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
GOOGL 2026-06-29 $342.50 Call
Vol: 4,650
OI: 297
Vol/OI: 15.7x
IV: 25.7%
Notional: ~$539K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: OTM call buying at 342.5-345 exp 6/26-6/29; net premium +$14.8M

Put additions: Put buying at 337.5 (6/26) & 325-330 (7/1); vol ratio 0.47

GEX/DEX consistency: GEX -$35.1M short gamma from calls; DEX +72.9M from puts; consistent long vol

OI clusters: Call OI at 340-345; put OI below 320 (gamma flip)

Hedging evidence: Puts at 337.5 near spot & 325-330 downside protection

Max pain context: Spot 3.6% below MP; MP near 340-345; short gamma amplifies

Signal vs Noise

~Bullish call flow is signal
~Negative gamma is key risk signal
~VIX 18 neutral noise

Key Conclusions

📈Bullish flow but short gamma adds volatility risk
⚠️Spot below MP and negative GEX create pinch risk
How to Use These Reports
This flow reflects the market close on June 26, 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.