Do call options expiring ITM increase the stock price?

I can't give you a sourced factual answer since I'm not a market maker, the CBOE or a professional. However, I can provide some info for forming an opinion.

OK, one fact. The last CBOE stat that I saw indicated that only about 7% of options are exercised. About 70% are closed before expiration and as an aside, debunking the myth that people should sell options because most of them expire worthless.

Consider some possibilities:

• If the short calls own the shares, shares are simply transferred between counterparties.

• If the short calls want to be short the stock, there's no purchase of shares to offset the assignment.

• If the ITM call was part of a vertical spread and both legs are ITM, there's an offsetting buy and a sell of shares.

• Offsetting all of this in a mirror fashion is what's happening on the put side, offsetting call assignments to some extent (net buying/selling of the underlying).

From the retail side, there's no way to know if there's net buying or net selling of shares when calls expire ITM. My guess is that this is a nothing burger, particularly for liquid stocks like GOOG which average 1.6 billion shares a day.

Delta neutral hedging by market makers and/or market participants would have no relevance here. ITM options that are expiring have to be resolved (exercise and assignment).