Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
GOOG options intelligence
Alphabet Inc Class C options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 12 Aug 2026
Checked 12 Aug 2026 20:20 · partial chain
Call-side pressure
Bullish pressure
GOOG currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 3.1%, with volume/open-interest participation at 0.10.
Expected move
3.1%
Near-term move context
Activity / OI
0.10
Current volume is quieter versus prior open interest
Put-call
0.43
Call-side skew
Trend fit
48
Options are not fully confirming trend
Weekly backdrop
-0.9%
RS 0.6
Expected move
3.1%
Put-call volume
0.43
Volume / OI
0.10
Reference IV
0.33
Max pain
350.00
Underlying
353.47
Nearest expiry
14 Aug 2026
Contracts
2000
Research Brief
GOOG has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 342.42–364.52; The largest call open-interest concentration is 370.00; the largest put concentration is 330.00. The most active strike by current volume is 340.00.
Priced range342.42–364.52
Call concentration370.00
Put concentration330.00
Max pain reference350.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 342.42 to 364.52. Max pain at 350.00 sits inside that range, 1.0% below spot.
Spot
Max pain
342.42353.47 ± 11.05364.52
Confirmation level
A close beyond 364.52 or below 342.42 at the 14 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 43/100
Pressure is 42/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure42 × 42%
+17.8
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.3
Volume relative to existing open interest and contract-level activity.
Trend agreement48 × 26%
+12.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility35 × 10%
+3.5
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 370.00; the largest put concentration is 330.00. The most active strike by current volume is 340.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3762
330.00-6.6%
320
1539
332.50-5.9%
147
3449
335.00-5.2%
347
1311
337.50-4.5%
78
2863
340.00-3.8%
702
1016
342.50-3.1%
341
2142
345.00-2.4%
768
743
347.50-1.7%
1980
2262
350.00-1.0%
3154
2057
352.50-0.3%
1094
829
355.000.4%
6772
731
360.001.8%
4587
125
362.502.6%
2759
320
365.003.3%
3006
324
370.004.7%
9413
369
375.006.1%
6210
6
380.007.5%
3751
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$209.0MDelta change / 1% move
Positive peak370.00+$44.8M
Negative peak330.00-$35.8M
Nearest balance352.66Interpolated sign change
StrikeNegativePositiveNet / 1% move
327.50-7.3%
-$194,200
330.00-6.6%
-$35.8M
332.50-5.9%
-$250,834
335.00-5.2%
-$7.1M
337.50-4.5%
-$1.0M
340.00-3.8%
-$20.1M
342.50-3.1%
-$1.2M
345.00-2.4%
-$8.7M
347.50-1.7%
+$5.5M
350.00-1.0%
-$6.7M
352.50-0.3%
-$2.8M
355.000.4%
+$42.0M
357.501.1%
+$5.4M
360.001.8%
+$18.0M
362.502.6%
+$11.3M
365.003.3%
+$24.2M
367.504.0%
+$136,142
370.004.7%
+$44.8M
372.505.4%
+$3.3M
375.006.1%
+$30.1M
377.506.8%
+$713,348
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.33
14 Aug
2d
0.28
21 Aug
9d
0.28
28 Aug
16d
0.29
4 Sep
23d
0.29
11 Sep
30d
0.28
18 Sep
37d
0.29
25 Sep
44d
0.30
16 Oct
65d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
285
298
303
310
318
323
330
338
343
350
355
363
370
375
383
390
395
403
410
415
423
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 6 stored directional transitions, the next stored price moved in the labelled direction 17% of the time.
Directional follow-through17%
Moves contained by pricing83%
Average expiry move2.7%
6 Aug
Bullish · 40
-0.9% through expiry
1.5% priced · v2.0
5 Aug
Bullish · 43
-0.9% through expiry
2.6% priced · v2.0
4 Aug
Bullish · 46
-0.9% through expiry
5.9% priced · v2.0
3 Aug
Bullish · 47
-0.9% through expiry
4.8% priced · v2.0
31 Jul
Bullish · 44
-0.9% through expiry
3.5% priced · v2.0
30 Jul
Bullish · 41
11.8% through expiry
4.3% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Good
Retained chain87%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 2000 / 2307
- 87% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $163.9M of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+42
1W price-0.9%
Call premium62%
Put premium38%
Notional split
C 62% / P 38%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.10
Volume divided by open interest across the visible chain.
Trend fit
48/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · ITM
calls cluster with 4688 contracts traded, $34.1M estimated gross traded notional, and 21% of visible notional.
$34.1M
Puts · 91+ days · ITM
puts cluster with 2582 contracts traded, $29.5M estimated gross traded notional, and 18% of visible notional.
$29.5M
Calls · 22-45 days · ITM
calls cluster with 3148 contracts traded, $11.4M estimated gross traded notional, and 7% of visible notional.
$11.4M
Calls · 91+ days · OTM
calls cluster with 8271 contracts traded, $10.4M estimated gross traded notional, and 6% of visible notional.
$10.4M
Calls · 8-21 days · ITM
calls cluster with 4286 contracts traded, $10.4M estimated gross traded notional, and 6% of visible notional.
$10.4M
Setup Classification
Opportunity and risk frame
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 11 completed sessions
Volume rank55th
Volume/OI rank55th
IV rank36th
Market Context
Underlying confirmation
Close353.47
1W-0.9%
RS0.6
Fair value+67.3%
Options pressure42
Speculation42
Volatility35
Trend fit48
Today Versus Normal
Stored-options context
30d avg 3.8% · 11 sessions
45th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.36 · 11 sessions
36th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.56 · 11 sessions
18th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.12 · 11 sessions
55th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
Pressure Trail
Recent pressure and volatility
4 Aug 19:00
Bullish
Pressure 42
Move 5.9%
4 Aug 20:00
Bullish
Pressure 44
Move 5.9%
5 Aug 14:10
Bullish
Pressure 21
Move 5.9%
5 Aug 15:30
Bullish
Pressure 34
Move 5.8%
5 Aug 17:00
Bullish
Pressure 31
Move 2.9%
5 Aug 18:20
Bullish
Pressure 31
Move 2.8%
5 Aug 19:50
Bullish
Pressure 31
Move 2.6%
6 Aug 15:30
Mixed
Pressure 15
Move 2.6%
Strike Map
Where activity is clustering
Strike200.00
Calls · V 2 · OI 2
Puts · V 4 · OI 119
Strike205.00
Calls · V 0 · OI 0
Puts · V 9 · OI 111
Strike210.00
Calls · V 0 · OI 0
Puts · V 22 · OI 141
Strike215.00
Calls · V 0 · OI 0
Puts · V 1 · OI 30
Strike220.00
Calls · V 12 · OI 5
Puts · V 22 · OI 69
Strike225.00
Calls · V 1 · OI 4
Puts · V 1 · OI 52
Strike230.00
Calls · V 0 · OI 1
Puts · V 20 · OI 22
Strike235.00
Calls · V 3 · OI 2
Puts · V 2 · OI 18
Term Structure
Expiration activity
Expiry14 Aug 2026
Contracts163
Avg IV0.33
Put-call0.51
Expiry21 Aug 2026
Contracts214
Avg IV0.28
Put-call0.25
Expiry28 Aug 2026
Contracts101
Avg IV0.28
Put-call0.57
Expiry4 Sep 2026
Contracts86
Avg IV0.29
Put-call0.54
Expiry11 Sep 2026
Contracts78
Avg IV0.29
Put-call0.50
Skew
Call/put IV balance
14 Aug 2026Call IV premium
Call IV0.38
Put IV0.28
Skew-0.10
21 Aug 2026Balanced skew
Call IV0.30
Put IV0.28
Skew-0.03
28 Aug 2026Balanced skew
Call IV0.30
Put IV0.28
Skew-0.02
4 Sep 2026Balanced skew
Call IV0.30
Put IV0.28
Skew-0.02
11 Sep 2026Balanced skew
Call IV0.29
Put IV0.27
Skew-0.02
Contract Tape
Most active contracts
ContractGOOG260911C00285000
SideCall
Expiry11 Sep 2026
Strike285.00
Volume-
OI70
IV0.51
ContractGOOG260821P00372500
SidePut
Expiry21 Aug 2026
Strike372.50
Volume-
OI64
IV0.41
ContractGOOG270219P00440000
SidePut
Expiry19 Feb 2027
Strike440.00
Volume-
OI63
IV0.28
ContractGOOG260821P00382500
SidePut
Expiry21 Aug 2026
Strike382.50
Volume-
OI24
IV0.46
ContractGOOG270219P00395000
SidePut
Expiry19 Feb 2027
Strike395.00
Volume-
OI20
IV0.29
ContractGOOG270319P00405000
SidePut
Expiry19 Mar 2027
Strike405.00
Volume-
OI20
IV0.30
ContractGOOG260821C00502500
SideCall
Expiry21 Aug 2026
Strike502.50
Volume-
OI14
IV1.01
ContractGOOG260814C00492500
SideCall
Expiry14 Aug 2026
Strike492.50
Volume-
OI13
IV1.48
Research Graph
Related research and context
Sharemaestro research
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Plain English Guide
Options context
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Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.