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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

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 Theta Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

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

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

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

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.