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GOOG

Alphabet Inc.Close $358.16EOD only
Max Pain
$335.00
Next expiry Jun 18, 2026
Expected Move
±$11.88
3.3% from close
Price Gap
-23.16
Distance to max pain
IV Rank
42
Middle-high premium
P/C OI
0.84
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 12, 2026 close
End-of-day snapshot

This page reflects GOOG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 12, 2026 close
GOOG Earnings Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

GOOG bullish flow and 100% beat rate support high confidence. Pinning near $358 max pain with elevated back-end IV.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +1 VIX 18
Most important: Heavy put activity at $357.5 and call sweep at $410 highlight directional flow. Regime is bullish with gamma pinning.
🎯GOOG pinned to $358 max pain with heavy put activity
📈100% beat rate supports bullish bias
⚠️Earnings 41 days away; IV crush risk on long premium

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 26,082 (7.9% below spot)

Earnings Overview

Next earnings: 2026-07-23 (41 days)explicit

Expected moves:

  • 2026-06-18 (6d): ±$11.88 (3.3%)
  • 2026-06-26 (14d): ±$17.60 (4.9%)
  • 2026-07-02 (20d): ±$21.12 (5.9%)

IV Setup

Term structure: Front low (sub-20%), back elevated (30%+) as earnings approach.

Crush estimate: Moderate crush post-event; IV likely drops 5-10%.

Skew: Put skew elevated for weekly expiries; calls dominate upside.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Avg move ~3.5% vs implied ~4.2% (slightly smaller).

Directional bias: Bullish post-earnings (100% beat rate).

Key Levels

1$330.00 gamma flip
2EM guardrails: 1w $346.29/$370.04
3Max pain pins: $358 (2026-06-12); $335 (2026-06-18); $365 (2026-06-26)

Flow Highlights

Put buying $357.5 (exp 6/12) with 15x OI

Defensive hedging or pinning near max pain.

Call sweep $410 (exp 7/17) with 6x OI

Bullish long-dated bet above resistance.

Strategies

Iron condor
Sell 2026-07-24 $355.00/$350.00 put wing and $375.00/$380.00 call wing
Credit: $3.24-$3.96
Max loss: $1.04
Max gain: $3.96
BE: 351.04 / 378.96
Trigger: Close if breaks $355-$375; monitor for early profit at 50%.
Safe play capturing elevated IV with defined risk; bullish flow and high beat rate support pinning near $358.
Outperforms: Sells put spread and call spread to profit from low move and IV crush.
Underperforms: Move outside short strikes invalidates range thesis.
Short strangle
Sell 2026-07-24 $355.00 put + sell $375.00 call
Credit: $20.38-$24.91
Max loss: Unlimited
Max gain: $24.91
BE: 330.09 / 399.91
Trigger: Add wings or close if price nears strikes; set stop loss.
Higher premium but unlimited risk; suitable if confident pinning holds.
Outperforms: Sells naked put and call to collect elevated back-month IV.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Earnings move may deviate; IV crush can offset gains.
!Market regime shift could disrupt pinning.

What to Watch

?$358 max pain weekly expiry
?$357.5 support and $375 resistance
?VIX movement and broad tech sentiment
How to Use These Reports
This earnings reflects the market close on June 12, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.