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In this paper we calculate the algebraic Hopkins Picard group Pic2alg at the prime
p = 3, which is a subgroup of the group of isomorphism classes of invertible
K(2)–local spectra, ie of Hopkins’ Picard group Pic2. We use the resolution of the
K(2)–local sphere introduced by Goerss, Henn, Mahowald and Rezk in [Ann. of Math
(2) 162 (2005) 777-822] and the methods from Henn, Karamanov and Mahowald [to
appear in Math. Zeit. arXiv:0811.0235] and Karamanov [PhD thesis, Universite Louis
Pasteur (2006)].
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