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GOOGL

Alphabet Inc.Close $388.88EOD only

Max Pain

$387.50

Next expiry May 27, 2026

Expected Move

±$4.62

1.2% from close

Price Gap

-1.38

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.93

Balanced positioning

Consensus

8.5/10

Bullish tilt

Published snapshot: May 26, 2026 close

End-of-day snapshot

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

Published Snapshot

May 26, 2026 close

GOOGL Earnings Report

Analysis based on market close April 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 10, 2026. A newer earnings report is available for May 26, 2026.

View latest report

Earnings Verdict

GOOGL is in a pinning regime with dealers massively long gamma (GEX +$137.3M) and bullish flow; short premium strategies that stay inside the tight expected-move window (2d EM $313.66–$320.81) are the highest-probability plays. Best strategy: structured premium sell (short iron/condor or sell credit spreads) sized to withstand a small gap. Key risk: a directional gap on guidance or company-specific news that exceeds the 1–5 day EM bounds and overwhelms dealer pinning.

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned (Pinning & Bullish); +1 GEX positive (GEX +$137.3M); -0.5 spot 4.9% above max pain

Most important: Whether spot holds inside the 2-day EM $313.66–$320.81 (pin range around $320.00 GEX concentration)

📍GEX +$137.3M with concentrated pin magnets at $320/$325 and support at $315 — high probability of short-term pinning

🔊Heavy net call premium into $320 and $325 strikes (top-flow list) — trades are skewed bullish into the pin region

⏳3d ATM IV is low (21.1%) — buys of volatility are cheaper but vulnerable to crush; sellers favored if you expect pinning

Regime Classification

Vol Regime

Normal

Gamma Regime

Pinning

Flow Regime

Bullish

Spot vs MP

Above

Earnings Overview

Next earnings: 2026-04-23 (TBD) / 2026-04-29 (TBD)explicit

Expected moves:

2026-04-13 (3d): : : : :
2026-04-13 (3d): ±$3.58 (1.1%) [$313.66 - $320.81]

IV Setup

Term structure: Kinked: very low ATM IV on the 3d expiry (21.1%) with front-week vols stepping up to ~31.0% by 14d and ~39.2% at 21d. Short-dated IV is depressed relative to near-term weekly expiries.

Crush estimate: ~5-8 vol pts on the 3d/5d expiries (post-event reversion toward 18-22% on the 4/13 expiry given current ATM 21.1%)

Skew: Puts are relatively richer at lower strikes (put floor $200-$215 structural), but near-term skew shows more concentrated call premium activity around $320–$335.

Historical Context

Beat rate: 100% (4/4 recent quarters beat estimates)

Avg move vs expected: Not explicitly quantified in pre-computed fields; historical EPS surprises have been consistently positive in last four quarters

Directional bias: Biased to upside post-earnings historically (recent surprise-driven gaps higher)

Key Levels

1$320.00 (GEX concentration +$2.9M — pin magnet, +0.9% from spot)

2$313.66 (2d EM lower bound)

3$310.00 (Max pain 2026-04-13)

4$325.00 (GEX concentration +$855K — pin magnet, +2.4% from spot)

5$340.00 (Call OI wall — heavy long call interest beyond EM upper)

Flow Highlights

Heavy premium inflow at $320/$325 calls: $320 net call premium $4,387,492 and $325 net call premium $3,487,876 in top-flow list.

Directional call buying / risk-on positioning concentrated right around the dealer pin region; dealers may hedge by selling into upside, reinforcing pin around $320–$325.

Net premium is positive $19.7M with P/C volume 0.75 and P/C OI 0.86 (call-biased flow).

Overall market flow is call-skewed (bullish), which complements the GEX-driven pinning regime and raises the probability of small upside pin moves rather than large downside gaps.

Strategies

Short iron (premium sell inside EM)

Sell 320/325 call vertical + sell 305/310 put vertical, expiration 2026-04-15 (5d)

Credit: $0.65-$1.10

Max loss: $4.35

Max gain: $1.10

BE: 305.00 / 326.10

Trigger: Enter 1-2 days before the known earnings/announcement date if spot remains inside $313.66–$320.81 and IV hasn't spiked on flow

Takes advantage of pinning (GEX +$137.3M) and low front-week IV; credit-sized to reflect tight 2–7d EM ranges.

Outperforms: Stock stays within the 1-week EM guardrails [$309.68–$324.80] and dealer pinning keeps price near $320

Underperforms: A >2.5% gap occurs on the open or a strong directional beat/miss pushes price beyond the sold wings (~>±$7.5)

Long near-dated skewed straddle (crush + directional optionality)

Buy 320C + 320P (straddle), expiration 2026-04-13 (3d)

Debit: $4.50-$5.50

Max loss: $5.50

Max gain: Unlimited

BE: ≈312.74 / 322.74 (approx; depends on exact fill between quoted bid/ask)

Trigger: Enter the day before if you expect a move or when the 3d ATM IV remains near 21% and you accept post-event IV reversion risk

Front-week ATM IV is relatively low (21.1%); cost is supported by observed market pricing (320C trades ~$1.00 last; 320P mid ~3.75), so a cheap sized straddle can win on a suprising move despite some crush.

Outperforms: Actual move exceeds 1.5x the 3d EM (~>~$5.5 move) or if there is a strong directional gap

Underperforms: Earnings pins spot inside $313.66–$320.81 and IV collapses below anticipated levels

Directional bullish call spread

Debit 315/325 call spread, expiration 2026-04-20 (10d)

Debit: $1.20-$1.80

Max loss: $1.80

Max gain: $8.20

BE: $318.20

Trigger: Buy if post-market flow/whales push 320+ call demand or if stock breaks above $320 with conviction pre-earnings

Skewed call buying already present and bullish flow plus GEX pinning make a limited-risk upside spread attractive for traders wanting directional exposure without full long calls.

Outperforms: A modest upside beat or guidance lift pushes spot toward the $330s while staying under the $340 call wall

Underperforms: Price stays below $320 or post-earnings melt-down occurs

Risk Assessment

!Gap risk: Max pain trend and EM show tight near-term bounds (2d EM ±$3.58) but company news can exceed these bounds — be prepared for >3% gap moves.

!IV crush: Front-week IV is low (21.1% at 3d) so a bought volatility play will suffer post-event IV reversion; sellers benefit if price stays rangebound.

!Liquidity: Liquid chain overall (Total OI 2,379,302; vol 180,227) but some wings (e.g., 320 put/call flows) show large prints — watch fills and wideness at market open.

!Sizing: Given pinning and dealer gamma concentration, keep position sizes smaller on directional buys and scale credit trades to withstand a single-day 3–5% move.

What to Watch

?Spot behavior vs the 2d EM rail $313.66–$320.81 and whether price gravitates to $320.00 GEX pin

?Front-week ATM IV trajectory (3d ATM 21.1% → watch for spikes toward 26–31%)

?Unusual flow at $320/$325 calls and any large block trades that increase skew

?Max pain drift (current trend falling toward $295 over longer expirations) if you hold multi-week positions

How to Use These Reports

This earnings reflects the market close on April 10, 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.