GOOGL Eyeing Gamma Squeeze to $202? Smart Money Sets the Trap!
🔍 GEX & Options Flow Insight
GOOGL is trading around $196 and sitting just under the 2nd Call Wall at $197.5, with a visible Gamma Wall / Resistance around the psychological $200 level. Here's how GEX is positioned:
* Call Walls:
* 📍 $197.5 → Current hot zone (2nd CALL Wall — 91.21%)
* 📍 $200.00 → Highest Positive NET GEX / Gamma Resistance
* 📍 $202.5 and above → Extreme GEX buildup with potential squeeze fuel
* Put Support:
* 🚨 $188.41 → Strong PUT Support (−16.52%)
* 🔻 Below that: Risk increases toward $187.5 (major demand zone)
* Volatility Context:
* IVR 15.8 and IVx Avg 31.1 → IV is relatively low
* Calls Outweigh Puts (12.6%) → Bullish GEX skew
* Green GEX, Green Sentiment, Long Gamma Zone Active
✅ Option Trading Suggestion:
Bias: Moderately bullish with potential for gamma-driven breakout Strategy: Debit Call Spread or Naked Call if aggressive
* Entry Idea: Buy GOOGL 195C / Sell 200C (or 202.5C) for Aug 2 or Aug 9 expiration
* Risk: Tight invalidation below 194.50 (under price structure)
* Target: $200–202.5 (Gamma Wall exhaustion)
Why this works: Price is coiled just under a heavy call wall. If GOOGL pushes above $197.5 with volume, gamma hedging can amplify the move to $200+ — where dealers are net short calls and may have to buy shares to hedge.
🧠 Technical Analysis (1H Chart)
Market Structure:
* ✅ Bullish Break of Structure (BOS) confirmed on July 29
* ⚠️ Change of Character (CHoCH) seen on July 30 with a mild pullback
* Currently trading inside a rising channel, respecting trendline support
Trendline:
* Upper trendline rejection seen at ~198
* Lower channel support aligning near 195–195.5
Smart Money Concepts (SMC):
* Order Block Zone formed around 195.75–195.97 = current support
* Premium/Discount zone separation validates possible retest and continuation
* Purple Box = Supply Zone → Sellers active below 198.50
🔄 Price Action & Key Levels
* Support Zones:
* 📌 195.75–195.97 → Order block + Trendline
* 📌 194.91 → Minor support + fib confluence
* 🚨 191.56–190.85 → Liquidity pocket below CHoCH
* Resistance Zones:
* 🚩 197.5–198.5 → Call Wall + Prior swing highs
* 🔼 200.0–202.5 → Gamma squeeze zone / possible parabolic move
📉 Bearish Reversal Zone
If GOOGL fails to reclaim 197.5 or gets rejected again at 198.5:
* Expect retracement toward 195.7 → 194.91
* Breakdown below 194.91 → Opens test of CHoCH zone and fills inefficiency to 191–192 range
🔁 Summary Thoughts
* GOOGL is consolidating near a high-conviction breakout zone.
* GEX flow favors bullish continuation with strong gamma clustering above.
* Smart Money has already swept liquidity and flipped structure; bulls are in control if they defend the OB.
* Scalpers can long dips to 195.75 with stop under 194.91, targeting 198–202.
* Avoid calls above 202.5 unless new GEX builds show extended flow.
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
🔍 GEX & Options Flow Insight
GOOGL is trading around $196 and sitting just under the 2nd Call Wall at $197.5, with a visible Gamma Wall / Resistance around the psychological $200 level. Here's how GEX is positioned:
* Call Walls:
* 📍 $197.5 → Current hot zone (2nd CALL Wall — 91.21%)
* 📍 $200.00 → Highest Positive NET GEX / Gamma Resistance
* 📍 $202.5 and above → Extreme GEX buildup with potential squeeze fuel
* Put Support:
* 🚨 $188.41 → Strong PUT Support (−16.52%)
* 🔻 Below that: Risk increases toward $187.5 (major demand zone)
* Volatility Context:
* IVR 15.8 and IVx Avg 31.1 → IV is relatively low
* Calls Outweigh Puts (12.6%) → Bullish GEX skew
* Green GEX, Green Sentiment, Long Gamma Zone Active
✅ Option Trading Suggestion:
Bias: Moderately bullish with potential for gamma-driven breakout Strategy: Debit Call Spread or Naked Call if aggressive
* Entry Idea: Buy GOOGL 195C / Sell 200C (or 202.5C) for Aug 2 or Aug 9 expiration
* Risk: Tight invalidation below 194.50 (under price structure)
* Target: $200–202.5 (Gamma Wall exhaustion)
Why this works: Price is coiled just under a heavy call wall. If GOOGL pushes above $197.5 with volume, gamma hedging can amplify the move to $200+ — where dealers are net short calls and may have to buy shares to hedge.
🧠 Technical Analysis (1H Chart)
Market Structure:
* ✅ Bullish Break of Structure (BOS) confirmed on July 29
* ⚠️ Change of Character (CHoCH) seen on July 30 with a mild pullback
* Currently trading inside a rising channel, respecting trendline support
Trendline:
* Upper trendline rejection seen at ~198
* Lower channel support aligning near 195–195.5
Smart Money Concepts (SMC):
* Order Block Zone formed around 195.75–195.97 = current support
* Premium/Discount zone separation validates possible retest and continuation
* Purple Box = Supply Zone → Sellers active below 198.50
🔄 Price Action & Key Levels
* Support Zones:
* 📌 195.75–195.97 → Order block + Trendline
* 📌 194.91 → Minor support + fib confluence
* 🚨 191.56–190.85 → Liquidity pocket below CHoCH
* Resistance Zones:
* 🚩 197.5–198.5 → Call Wall + Prior swing highs
* 🔼 200.0–202.5 → Gamma squeeze zone / possible parabolic move
📉 Bearish Reversal Zone
If GOOGL fails to reclaim 197.5 or gets rejected again at 198.5:
* Expect retracement toward 195.7 → 194.91
* Breakdown below 194.91 → Opens test of CHoCH zone and fills inefficiency to 191–192 range
🔁 Summary Thoughts
* GOOGL is consolidating near a high-conviction breakout zone.
* GEX flow favors bullish continuation with strong gamma clustering above.
* Smart Money has already swept liquidity and flipped structure; bulls are in control if they defend the OB.
* Scalpers can long dips to 195.75 with stop under 194.91, targeting 198–202.
* Avoid calls above 202.5 unless new GEX builds show extended flow.
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.