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GOOGL

Alphabet Inc.Close $387.35EOD only
Max Pain
$390.00
Next expiry May 13, 2026
Expected Move
±$5.01
1.3% from close
Price Gap
+2.65
Distance to max pain
IV Rank
94
High premium
P/C OI
0.92
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: May 12, 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 12, 2026 close
GOOGL Earnings Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GOOGL earnings 71 days out, bullish flow and 100% beat rate support near-term drift, but IV crush not applicable.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.6% from MP; +1 VIX 18
Most important: Net premium $375M bullish; call OI wall at $450; pinning at $385 MP.
📞Call buying at $402.5 (34.6k vol) signals bullish near-term bias.
⚠️Put volume spikes at $400 (16.7k vol) likely hedging, not bearish.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (71 days)explicit

Expected moves:

  • 2026-05-15 (2d): ±$8.22 (2.0%)
  • 2026-05-18 (5d): ±$10.38 (2.6%)
  • 2026-05-20 (7d): ±$15.05 (3.7%)

IV Setup

Term structure: Flat near term, back-month elevated for earnings uncertainty.

Crush estimate: N/A – event 71 days out.

Skew: Call skew elevated on heavy buying at $402.5 and $405.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not applicable (71d out).

Directional bias: Bullish (100% beat rate, persistent call flow).

Key Levels

1EM guardrails: 2d $394.39/$410.84; 1w $392.24/$412.99
2Max pain pins: $385 (2026-05-13); $332 (2026-05-15); $388 (2026-05-18)

Flow Highlights

Aggressive call buying at $402.5 (34.6k vol, 21.7x OI) and $400 (35.5k vol).

Strong bullish sentiment into near-term expiries, likely positioning for continuation.

Unusual put volume at $400 (16.7k vol, 132x OI) with minimal premium (0.01).

High vol/OI ratio suggests hedging or closing of short puts, not directional bearish.

Strategies

Call Diagonal
Sell 2026-05-22 $415.00 call / buy 2026-06-18 $400.00 call
Debit: $12.67-$15.48
Max loss: $15.48
Max gain: Variable
BE: Path-dependent
Trigger: Monitor $385 invalidation level; if spot breaks below, exit to limit losses.
Only eligible candidate; bullish bias and 100% beat rate support near-term premium sale with long upside exposure.
Outperforms: Sells near-term $415 call, buys later $400 call to capture bullish drift while limiting upside risk.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Mean reversion risk if spot fails above $385 MP.
!Earnings gap risk if held into July 2026.

What to Watch

?Spot reaction to $385 support and $410 resistance.
?Next earnings confirmation on July 23, 2026.
How to Use These Reports
This earnings reflects the market close on May 13, 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.