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GOOGL

Alphabet Inc.Close $387.66EOD only
Max Pain
$397.50
Next expiry May 20, 2026
Expected Move
±$6.72
1.7% from close
Price Gap
+9.84
Distance to max pain
IV Rank
31
Middle-high premium
P/C OI
0.91
Balanced positioning
Consensus
9.0/10
Bullish tilt
Published snapshot: May 19, 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 19, 2026 close
GOOGL Earnings Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish flow and gamma pinning, but earnings 65 days away so near-term IV not event-driven.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 18
Most important: Aggressive call buying at $390/$395 and put selling at $380 suggest strong bullish bias; pinning regime supports current levels.
📊Massive call OI wall $410-$450; $390/$395 strikes exceptional volume 5/19.
⚠️$400 put IV spiked to 58% indicating tail risk hedging.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (65 days)explicit

Expected moves:

  • 2026-05-20 (1d): ±$6.72 (1.7%)
  • 2026-05-22 (3d): ±$11.25 (2.9%)
  • 2026-05-26 (7d): ±$13.17 (3.4%)

IV Setup

Term structure: Front-month IV elevated (29-33%), back-month lower; no earnings premium yet.

Crush estimate: N/A - no earnings event in immediate window.

Skew: Neutral to slight put premium in front-month; back-month skew normal.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: 100% beat rate over 5 quarters; avg move data not provided.

Directional bias: Consistent upside surprise bias from historical beats.

Key Levels

1EM guardrails: 2d $380.94/$394.39; 1w $374.49/$400.84
2Max pain pins: $398 (2026-05-20); $382 (2026-05-22); $398 (2026-05-26)

Flow Highlights

Call volume on $390 and $395 strikes with vol/OI ratios >55, aggressive bullish.

Indicates strong upward conviction near term.

Put selling at $380 strike with vol/OI 29, downside support.

Traders defending support at $380.

Strategies

Bullish Call Calendar
Sell 2026-05-29 $400.00 call / buy 2026-07-17 $400.00 call
Debit: $10.73-$13.12
Max loss: $13.12
Max gain: Variable
BE: Path-dependent
Trigger: Exit if underlying drops below invalidation level or at mid-point.
Aligns with bullish bias and front-month IV premium; upside optionality with limited risk.
Outperforms: Sell near-term call, buy longer-dated call to profit from IV convergence and directional move.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Neutral Iron Condor
Sell 2026-06-05 $375.00/$365.00 put wing and $400.00/$410.00 call wing
Credit: $4.41-$5.40
Max loss: $4.60
Max gain: $5.40
BE: 369.60 / 405.40
Trigger: Close at 50% max profit or adjust wings if pinning breaks.
Collects theta in elevated IV pinning zone; limited risk but less directional edge.
Outperforms: Short both wings around pinning zone to capture time decay.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Gamma pinning may cap upside but call wall at $410-$450 could attract momentum if broken.
!IV crush risk for any earnings-related positions initiated now.
!VIX at 18 not extreme but market decline suggests potential volatility expansion.

What to Watch

?Delta hedging around $390-$400 zone for pinning.
?Continued call buying on dips for trend confirmation.
?Earnings date 65 days out; near-term moves tech-driven.
How to Use These Reports
This earnings reflects the market close on May 19, 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.