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GOOGL

Alphabet Inc.Close $376.37EOD only
Max Pain
$385.00
Next expiry Jun 3, 2026
Expected Move
±$7.10
1.9% from close
Price Gap
+8.63
Distance to max pain
IV Rank
37
Middle-high premium
P/C OI
0.93
Balanced positioning
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 1, 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
Jun 1, 2026 close
GOOGL Earnings Report
Analysis based on market close April 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 17, 2026. A newer earnings report is available for May 26, 2026.

View latest report

Earnings Verdict

Bullish-leaning event: market positioning and strong call flow pin toward resistance band near $345-$350; limited tail put concentration.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.2% from MP; +1 VIX 17; override: Flow and GEX alignment plus historical beat-rate support
Most important: Bullish flow/GEX pinning into earnings with spot above mid-price supports upside pinning risk.
📈Call-heavy flow concentrated 4–5d expiries supporting pin near $345–350
⚠️Front-week put IV unusually low; downside protection thin if gap-down occurs

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above

Earnings Overview

Next earnings: 2026-04-23 (6 days)explicit

Expected moves:

  • 2026-04-20 (3d): ±$3.43 (1.0%)
  • 2026-04-22 (5d): ±$5.22 (1.5%)
  • 2026-04-24 (7d): ±$11.30 (3.3%)

IV Setup

Term structure: Front-week IV muted vs 1w-2w; small front-dated puts very low IV, calls elevated into EM.

Crush estimate: Moderate (front-week ~10–20% crush expected; larger for near-exp dated prints).

Skew: Call skew into $340–350 expiries; longer-dated puts show elevated IV further OTM.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Historical moves modest vs theoretical; expected move 1.0–3.3% vs realized variability.

Directional bias: Past 4/4 beats and current flow create bullish bias.

Key Levels

1EM guardrails: 2d $338.25/$345.10; 1w $336.45/$346.90
2Max pain pins: $310 (2026-04-17); $322 (2026-04-20); $325 (2026-04-22)

Flow Highlights

Heavy call prints concentrated 4–5d expiries ($340–350)

Dealer short-call exposure promotes pinning near $345–350

Large net premium and low put/call vol ratio

Orderflow skewed to calls, reducing downside gamma risk near-term

Strategies

Call diagonal (buy longer, sell front-week)
Sell 2026-04-24 $345.00 call / buy 2026-05-15 $355.00 call
Debit: $3.56-$4.35
Max loss: $4.35
Max gain: Variable
BE: Path-dependent
Trigger: Close/roll short leg if price breaks <320.5 or if front-week IV spikes; trim after earnings crush
Expresses bullish pin while limiting post-crush gamma exposure
Outperforms: Sell 4/24 345 call, buy 5/15 355 call to collect elevated front-week call IV and keep upside participation with defined downside via debit
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Defined iron condor
Sell 2026-04-24 $325.00/$320.00 put wing and $350.00/$360.00 call wing
Credit: $1.94-$2.37
Max loss: $7.63
Max gain: $2.37
BE: 322.63 / 352.37
Trigger: Widen/close wings if underlying trends strongly toward a wing or move to single-leg hedge
Harvests front-week theta around expected pin with capped tail risk
Outperforms: Sell 4/24 325/320 put wing and 350/360 call wing to collect premium while limiting loss if pin fails
Underperforms: Move outside short strikes invalidates range thesis.
Short strangle (high premium)
Sell 2026-04-24 $325.00 put + sell $350.00 call
Credit: $3.15-$3.84
Max loss: Unlimited
Max gain: $3.84
BE: 321.16 / 353.84
Trigger: Buy back or roll short call quickly if price pushes through 350–355 or if put IV jumps
Maximizes premium from elevated call demand but carries unlimited upside risk
Outperforms: Sell 4/24 325 put + 350 call to monetize call skew and muted puts
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Pinning failure could trigger rapid reprice toward $320–$310 supports
!Low front-week put IV suggests limited downside protection if gap down
!Unusual low-IV put prints may be stale/odd-lot liquidity risk

What to Watch

?Price action vs $345–350 into expiry
?Flow into 4/20 and 4/22 expiries (vol and OI changes)
?Any sudden bid for near-dated puts raising front-week IV
How to Use These Reports
This earnings reflects the market close on April 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.

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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.