thetaOwl

GOOGL

Alphabet Inc.Close $337.39EOD only
Max Pain
$347.50
Next expiry Jun 29, 2026
Expected Move
±$3.73
1.1% from close
Price Gap
+10.11
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Jun 26, 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 26, 2026 close
GOOGL Flow Report
Analysis based on market close June 29, 2026

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

Flow Verdict

BiasBullish
Confirmation: Price holds above $352.50 with continued call volume.
Invalidation: Price closes below $350 with heavy put accumulation.
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.0% from MP; +1 VIX 18

Watch next session: $352.50; $355.00

Flow Summary

Net premium: +$166.7M bullish

P/C volume ratio: 0.46

P/C OI ratio: 0.72

Bullish flow with positive gamma and heavy call activity targets $352.5-$355. Put hedging below spot supports upside bias.

Notable Prints

#1
GOOGL 2026-06-29 $350.00 Put
Vol: 27,702
OI: 283
Vol/OI: 97.9x
IV: 9.4%
Notional: ~$111K
Intent: Short put
Dual read: Hedge

Read-through: Support

#2
GOOGL 2026-06-29 $352.50 Put
Vol: 16,161
OI: 201
Vol/OI: 80.4x
IV: 5.1%
Notional: ~$65K
Intent: Short put
Dual read: Hedge

Read-through: Support

#3
GOOGL 2026-06-29 $347.50 Put
Vol: 13,002
OI: 234
Vol/OI: 55.6x
IV: 14.5%
Notional: ~$13K
Intent: Tail hedge
Dual read: Speculative

Read-through: Downside

#4
GOOGL 2026-06-29 $352.50 Call
Vol: 28,044
OI: 587
Vol/OI: 47.8x
IV: 9.8%
Notional: ~$3.1M
Intent: Long call
Dual read: Bullish

Read-through: Upside

#5
GOOGL 2026-06-29 $355.00 Call
Vol: 29,154
OI: 989
Vol/OI: 29.5x
IV: 4.6%
Notional: ~$58K
Intent: Lottery
Dual read: Speculative

Read-through: Rally

Institutional Positioning

Call additions: Heavy call buying at 350, 352.5, 355 strikes, especially 350 call with OI 2,535.

Put additions: Unusual put additions at 350, 352.5, 347.5 with high vol/oi ratios, indicating hedging.

GEX/DEX consistency: Yes, bullish flow aligns with positive GEX ($94.9M) and DEX (74.2M shares).

OI clusters: Largest OI at 350 call (2,535), 355 call (989), and 342.5 put (456).

Hedging evidence: Concentrated put buying below spot suggests protective collars against downside.

Max pain context: Spot above max pain; gamma pinning likely keeps price elevated.

Signal vs Noise

~High vol/oi put prints at 350, 352.5, 347.5 are real hedging signals.
~Call volume surges at 350, 352.5, 355 signal institutional bullish bets.
~Low OI on some prints (e.g., 357.5 call) indicates noise.

Key Conclusions

🟢Institutions add calls at 350-355, reflecting bullish confidence.
🛡️Put buying at 347.5-350 suggests downside hedging, not bearish bet.
How to Use These Reports
This flow reflects the market close on June 29, 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.