GOOGL Coiling Under Gamma Ceiling – Big Break or Fade Ahead?

🔍 GOOGL GEX Daily View (Options Sentiment Outlook)
Alphabet (GOOGL) just closed around $171.14, slipping slightly from highs, and sitting in a tight wedge under major call walls at 172.5 → 175 → 180. The GEX structure shows bulls are pressing, but dealers are hedging hard into those gamma ceilings.

What GEX Tells Us:
* 🟢 Call-heavy structure above, with strong resistance at 172.5 → 175 → 180.
* 🔻 Slight GEX compression below with put wall at 162.5 and real support around 160 (–10.17% GEX zone).
* 🧊 IVR at 22.6, options are relatively cheap — perfect for low-cost directional trades.

💡 Option Trade Ideas (GEX Playbook):
* Bullish: If GOOGL breaks over 173, consider Jul 19 175c or 172.5/180 debit spread — targeting upside gamma momentum.

* Bearish: If it rejects 172.5 and loses 170, take Jul 19 167.5p or 170p/160p spread — dealers could accelerate downside below key levels.

Key Decision Zone: 170–173
Gamma resistance thick above, but IV is low enough to swing both sides with small risk.

🕵️‍♂️ 1H Chart Structure (Swing + Intraday Bias)

On the hourly, GOOGL broke structure briefly and swept liquidity under 167.6 BOS, then bounced hard into Friday close — forming a nice CHoCH to the upside with buyers stepping in.

Notables from the 1H chart:
* ✅ Early BOS + CHoCH combo = short-term bullish bias.
* 📦 Price sitting just below SMC supply zone at 172.5–173 — decision point here.
* 📉 Wedge forming with lower highs — needs a catalyst to pop.

📈 Swing Setup:
* Long on clean break + retest of 172.5, target 175 → 180. Stop under 170.
* Short if rejection confirms at 172.5 and we break back below 170.25, target 167.5 then 162.

📊 Intraday Plan:
* AM rejection near 172.5 = scalp short to 170.
* Bounce off 170–170.25 = scalp long into 172 area — just don’t chase middle.

Bias = cautiously bullish. This could pop if market supports, but still in a supply zone.

🧠 Final Thoughts
GOOGL is coiled just under gamma ceilings, with IV low and demand zones still holding. This is one of those setups where waiting for the breakout or clean rejection gives better RR than anticipating too early. Gamma compression means a breakout could be explosive — either direction.

⚠️ Disclaimer:
This is educational commentary only. Always do your own research and manage your risk appropriately before trading.