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GOOG

Alphabet Inc.Close $317.28EOD only
Max Pain
$335.00
Next expiry Oct 30, 2026
Expected Move
±$19.05
6.0% from close
Price Gap
+17.72
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Oct 23, 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
Oct 23, 2026 close
GOOG Theta Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 12, 2026. A newer theta report is available for June 18, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Theta-based
Invalidation: Spot breaks $330 gamma flip
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +1 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV 42.8% > VIX 17.7 – elevated, premium selling favorable
Favorable?
Yes

Term structure: Front low (0 DTE 5%), back elevated; steep contango

📈High confidence; strong GEX + pinning at $358

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+47.7M)

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 26,082 (7.9% below spot)

OI concentrations: Max pain pins: $358 (0 DTE), $335 (1W), $365 (2W). Put OI at $330.

Verdict: Pinning risk moderate-high; spot near $358 max pain.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $350.00/$340.00 put spread
Sell $350/$340 put spread, net credit $3.74, max loss $6.26
Credit: $3.06-$3.74
Max loss: $6.26
BE: $346.26
Mgmt: Close at 50% profit or before earnings
#2
Iron condor
Sell 2026-07-24 $350.00/$335.00 put wing and $370.00/$380.00 call wing
Sell $350/$335 put wing and $370/$380 call wing, net credit $8.96
Credit: $7.33-$8.96
Max loss: $6.04
BE: 341.04 / 378.96
Mgmt: Adjust wings if spot breaks range
#3
Call credit spread
Sell 2026-07-24 $375.00/$380.00 call spread
Sell $375/$380 call spread, net credit $1.57
Credit: $1.28-$1.57
Max loss: $3.43
BE: $376.57
Mgmt: Close if spot approaches $375

Risk Alerts

!Pinning risk: spot near $358 max pain, OI concentrated near current price.
How to Use These Reports
This theta 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.