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GOOG

Alphabet Inc.Close $371.10EOD only

Max Pain

$335.00

Next expiry Jun 18, 2026

Expected Move

±$7.47

2.0% from close

Price Gap

-36.10

Distance to max pain

IV Rank

High premium

P/C OI

0.84

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 16, 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 16, 2026 close

GOOG Theta Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.1% from MP; +0.5 VIX 18

IV Environment

IV Regime

Normal

IV vs VIX

Avg IV 45.5% > VIX 18.44

Favorable?

Yes

Term structure: Steep inversion near term due to event; back-end ~36-37%

⚠️Front-week IV 108/168% signals event risk

📈Dealer long gamma $39M supports pinning

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+39.1M)

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 26,138 (8.9% below spot)

OI concentrations: Put floor $330 26k OI; call wall $400-$415; max pain $335/$365/$370

Verdict: Pinning likely to $365 for 6/26 expiration; gamma flip at $330 adds support

Premium Opportunities

Short strangle

Sell 2026-07-17 $350.00 put + sell $385.00 call

Short OTM strangle exploits elevated IV and theta decay before earnings.

Credit: $11.03-$13.48

Max loss: Unlimited

BE: 336.52 / 398.48

Mgmt: Close if spot breaks guardrails $356.45/$367.75; target 50% profit.

Iron condor

Sell 2026-07-24 $350.00/$340.00 put wing and $380.00/$385.00 call wing

Iron condor profits from expected IV drop and time decay post-earnings.

Credit: $3.89-$4.76

Max loss: $5.24

BE: 345.24 / 384.76

Mgmt: Exit at 50% profit or if spot nears short strikes.

Risk Alerts

!High front-week IV suggests binary event—confirm earnings or catalyst

!Spot 8.1% from max pain $335 can cause pinning pressure

!Dealer net long gamma but put/call oi ratio 0.82 indicates neutral positioning

How to Use These Reports

This theta reflects the market close on June 17, 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.