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GOOGL

Alphabet Inc.Close $382.97EOD only
Max Pain
$387.50
Next expiry May 26, 2026
Expected Move
±$5.76
1.5% from close
Price Gap
+4.53
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.90
Balanced positioning
Consensus
8.5/10
Bullish tilt
Published snapshot: May 22, 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 22, 2026 close
GOOGL Earnings Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish flow and 100% beat rate support positive outlook; near-term options imply modest moves.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.0% from MP; +1 VIX 17
Most important: Heavy call buying and low put/call volume ratio (0.39) signal strong bullish positioning.
💡100% beat rate but next earnings 58 days away; current options reflect near-term, not event.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (58 days)explicit

Expected moves:

  • 2026-05-27 (1d): ±$4.62 (1.2%)
  • 2026-05-29 (3d): ±$8.88 (2.3%)
  • 2026-06-01 (6d): ±$10.80 (2.8%)

IV Setup

Term structure: Near-term IV slightly elevated; contango expected for far-term earnings.

Crush estimate: Event 58 days out; crush estimate not applicable.

Skew: Call skew from high call volumes; put/call OI ratio 0.93 neutral.

Historical Context

Beat rate: 100% (5/5 quarters)

Key Levels

1EM guardrails: 2d $384.26/$393.50; 1w $378.08/$399.68
2Max pain pins: $385 (2026-05-26); $388 (2026-05-27); $382 (2026-05-29)

Flow Highlights

Unusual call volume in May 26/27 expiries: 32K at $390C, 31K at $387.5C, 5.3K at $395C.

Aggressive bullish positioning; net premium +$170M.

Put/call volume ratio 0.39, well below 1, and put/call OI ratio 0.93.

Strong call dominance; bullish sentiment with limited hedging.

Strategies

Bull Call Spread
Buy 2026-08-21 $390.00/$410.00 call spread
Debit: $7.76-$9.49
Max loss: $9.49
Max gain: $10.51
BE: $399.49
Trigger: Exit if below $385.
Aligns with bullish flow and beat rate; defined risk.
Outperforms: Captures upside with limited cost.
Underperforms: Loss of support weakens upside continuation thesis.
Long Strangle
Buy 2026-08-21 $380.00 put + buy $400.00 call
Debit: $40.55-$49.55
Max loss: $49.55
Max gain: Unlimited
BE: 330.45 / 449.55
Trigger: Adjust at earnings; exit if IV drops.
Lower cost than straddle; benefits from large moves.
Outperforms: Profits from big directional moves cheaply.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long Straddle
Buy 2026-08-21 $390.00 put + buy $390.00 call
Debit: $49.12-$60.03
Max loss: $60.03
Max gain: Unlimited
BE: 329.97 / 450.03
Trigger: Monitor gamma; close if move occurs.
High premium less optimal given modest implied moves.
Outperforms: Pure volatility play on any big move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Gamma pinning at $385-$388 from max pain; $400 resistance and $385 support key.
!Moderate VIX (17) but implied move 1d ±1.2% suggests near-term volatility contained.

What to Watch

?Spot action relative to $385-$388 max pain; guardrails $384.26/$393.50 (1d), $378.08/$399.68 (1w).
?Call OI wall at $410-$450; put floor at $215 far out.
How to Use These Reports
This earnings reflects the market close on May 26, 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.