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GOOG

Alphabet Inc.Close $367.46EOD only
Max Pain
$365.00
Next expiry Jun 26, 2026
Expected Move
±$12.53
3.4% from close
Price Gap
-2.46
Distance to max pain
IV Rank
100
High premium
P/C OI
0.81
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
GOOG Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GOOG setup: strong bullish structurals (pinning $330, call wall $400-$415), 100% beat rate, aggressive call buying ahead of Jul 23 earnings. Spot $367.5 tests resistance at $375.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.4% from MP; +1 VIX 16
Most important: Gamma flip at $330 vs spot $367.5 creates asymmetric pinning risk despite bullish flow.
📊100% beat rate over 5 quarters, strong historical edge

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 26,159 (10.2% below spot)

Earnings Overview

Next earnings: 2026-07-23 (35 days)explicit

Expected moves:

  • 2026-06-26 (8d): ±$12.53 (3.4%)
  • 2026-07-02 (14d): ±$16.88 (4.6%)
  • 2026-07-10 (22d): ±$21.30 (5.8%)

IV Setup

Term structure: Front-end elevated (8d 3.4%, 14d 4.6%, 22d 5.8%), back-end flatter

Crush estimate: Typical IV crush ~2-3% post-earnings

Skew: Call skew elevated relative to put skew; call OI wall at $400-$415

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: 5/5 beats, avg move likely above expected

Directional bias: Strongly bullish, consistent post-earnings upside

Key Levels

1$330.00 gamma flip
2EM guardrails: 1w $354.93/$379.98
3Max pain pins: $330 (2026-06-18); $365 (2026-06-26); $368 (2026-07-02)

Flow Highlights

GOOG 2026-07-02 $370 Call traded 6866 vs OI 788 (8.7x), IV 30.4%

Aggressive long call volume ahead of earnings, betting on upside

Strategies

Call diagonal
Sell 2026-06-26 $382.50 call / buy 2026-07-24 $380.00 call
Debit: $7.60-$9.28
Max loss: $9.28
Max gain: Variable
BE: Path-dependent
Trigger: Adjust if spot nears short strike; lock in gains at 50% profit.
Monetizes elevated front-end decay with upside exposure; aligns with bullish bias and gamma flip.
Outperforms: Sell short-dated call, buy longer-dated call for net credit and upside participation.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Iron condor
Sell 2026-07-24 $350.00/$345.00 put wing and $385.00/$390.00 call wing
Credit: $2.81-$3.44
Max loss: $1.56
Max gain: $3.44
BE: 346.56 / 388.44
Trigger: Exit if spot approaches wings; take profit at 50% max gain.
IV high (75%), wings beyond expected move ($20), reduces gamma risk.
Outperforms: Sells OTM put and call spreads to collect premium in range-bound view.
Underperforms: Move outside short strikes invalidates range thesis.
Long strangle
Buy 2026-07-24 $350.00 put + buy $395.00 call
Debit: $11.63-$14.22
Max loss: $14.22
Max gain: Unlimited
BE: 335.78 / 409.22
Trigger: Stop-loss at 50% premium; adjust strikes if directional bias emerges.
Cheaper than straddle, captures tail moves; addresses pinning risk.
Outperforms: Buys OTM put and call to profit from large move in either direction.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long straddle
Buy 2026-07-24 $370.00 put + buy $370.00 call
Debit: $26.53-$32.42
Max loss: $32.42
Max gain: Unlimited
BE: 337.58 / 402.42
Strong bullish bias but gamma flip risk; straddle profits from large move either direction.
Outperforms: Buy ATM straddle to capture earnings volatility.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Spot 11.4% above gamma flip ($330) — risk of reversion if flow shifts
!High call OI concentration at $400-$415 could cap upside if not surpassed
!Implied moves moderate; crush may exceed move given low vol regime

What to Watch

?Gamma flip level $330 — any break below could accelerate
?Max pain for 6/26 exp: $365, for 7/2: $368
?Spot behavior vs EM guardrails $354.93-$379.98
How to Use These Reports
This earnings reflects the market close on June 18, 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.

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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.