Jun. 8 at 7:22 PM
$GOOGL seeing some action today
Despite a 1.5% dip, the options flow is interesting
Calls are dominating, about 72% of the flow over the last 5 days
Some big ask-side sweeps in long-dated calls
$10M on 12/17/27
$420C,
$3.1M on 12/15/28
$535C
Institutions are definitely positioning for upside
Today, 92% of the premium is in calls
Around 10k at-the-money call sweeps in 0DTE, 6/12, and Dec 2026 expiries
Looks like dip-buying rather than hedging
But keep an eye out for any changes