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GOOGL

Alphabet Inc.Close $388.91EOD only
Max Pain
$385.00
Next expiry May 22, 2026
Expected Move
±$8.38
2.1% from close
Price Gap
-3.91
Distance to max pain
IV Rank
29
Middle-high premium
P/C OI
0.90
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 20, 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 20, 2026 close
GOOGL Earnings Report
Analysis based on market close May 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

No earnings event; spot near $390 with strong call activity and pinning gamma.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +1 VIX 17
Most important: High call volume and put/call ratio 0.43 indicate bullish flow; resistance at $390.
📈GOOGL 5/20 $390 Call volume 47.8k vs OI 5.5k (8.6x) – massive bullish flow.
⚠️Put/call OI ratio 0.90 balanced but volume ratio 0.43 shows call dominance.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (64 days)explicit

Expected moves:

  • 2026-05-22 (2d): ±$8.38 (2.2%)
  • 2026-05-26 (6d): ±$11.17 (2.9%)
  • 2026-05-27 (7d): ±$12.53 (3.2%)

IV Setup

Term structure: Short-dated IV elevated (30%+ for 2d), back month lower.

Crush estimate: N/A (no event)

Skew: Call skew elevated on heavy buying.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not applicable

Directional bias: Bullish flow bias

Key Levels

1EM guardrails: 2d $380.54/$397.29; 1w $377.74/$400.09
2Max pain pins: $390 (2026-05-20); $385 (2026-05-22); $390 (2026-05-26)

Flow Highlights

Massive 0DTE call buying at $385-$392.5 strikes on 5/20

Indicates bullish positioning expiring today; likely pinned near $390.

Strategies

Bullish diagonal call spread
Sell 2026-06-05 $390.00 call / buy 2026-07-17 $400.00 call
Debit: $5.65-$6.90
Max loss: $6.90
Max gain: Variable
BE: Path-dependent
Trigger: Roll if spot breaches $369; adjust strikes on IV shifts.
Aligns with bullish flow bias and limited risk vs. neutral short strangle.
Outperforms: Front sell at resistance ($390), back buy at $400; benefits from time decay and IV skew.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short strangle
Sell 2026-05-29 $365.00 put + sell $410.00 call
Credit: $2.23-$2.72
Max loss: Unlimited
Max gain: $2.72
BE: 362.28 / 412.72
Trigger: Close if breakout beyond strikes or IV spikes.
Elevated short-dated IV, but unlimited risk and conflicting with bullish bias.
Outperforms: Sell OTM put/call; profit if stock stays between $365 and $410.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Gamma pinning risk at $390; heavy call OI may cap upside above $400.
!Put floor $195-$215 provides downside cushion.

What to Watch

?Monitor spot close relative to $390 max pain; unusual 5/22 call activity.
How to Use These Reports
This earnings reflects the market close on May 20, 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.