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GOOGL

Alphabet Inc.Close $372.19EOD only
Max Pain
$367.50
Next expiry Jun 5, 2026
Expected Move
±$5.35
1.4% from close
Price Gap
-4.69
Distance to max pain
IV Rank
36
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 4, 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 4, 2026 close
GOOGL Earnings Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish setup with 100% beat rate, high confidence (9/10), and call-heavy flow; gamma pinning near $370.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 15
Most important: Earnings 49 days out; near-term flow bullish with unusual call activity; low VIX (15.4) supports call buying.
📈Call volume ratio 0.37 – predominantly bullish flow.
⚖️Max pain at $370 pinning into weekly expiry.
📊100% beat rate over last 5 quarters, strong momentum.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (49 days)explicit

Expected moves:

  • 2026-06-05 (1d): ±$5.35 (1.4%)
  • 2026-06-08 (4d): ±$8.55 (2.3%)
  • 2026-06-10 (6d): ±$12.03 (3.2%)

IV Setup

Term structure: Front-end IV elevated (23-35%), back-end lower; earnings premium building for July.

Crush estimate: Expected ~5-10 IV point crush post-earnings.

Skew: Call skew elevated vs puts; put skew flat.

Historical Context

Beat rate: 100% (5/5 quarters)

Directional bias: Bullish (100% beat rate in 5/5 quarters).

Key Levels

1EM guardrails: 2d $366.84/$377.54; 1w $360.17/$384.22
2Max pain pins: $368 (2026-06-05); $370 (2026-06-08); $370 (2026-06-10)

Flow Highlights

Unusual call volume on GOOGL 2026-06-12 $372.50 and $382.50 calls (vol/oi >18).

Bullish positioning for near-term upside within two weeks.

Heavy put buying at $367.50 and $365.00 for June 5 expiry.

Defensive hedging; overall call/put ratio remains bullish (0.37).

Strategies

Bullish Diagonal
Sell 2026-06-12 $382.50 call / buy 2026-07-17 $365.00 call
Debit: $15.64-$19.11
Max loss: $19.11
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot breaks below 367.5; roll short call if needed.
Best aligns with 100% beat rate and bullish call flow; front-end decay benefits short call.
Outperforms: Long-dated 365 call captures upside while short 382.5 call decays faster; limited downside risk.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Pre-Earnings Iron Condor
Sell 2026-06-12 $360.00/$352.50 put wing and $390.00/$392.50 call wing
Credit: $1.38-$1.69
Max loss: $5.81
Max gain: $1.69
BE: 358.31 / 391.69
Trigger: Close at 50% profit or if spot approaches wings; adjust if earnings surprise.
Exploits elevated IV with high probability zone; low VIX supports short premium.
Outperforms: Short put and call wings around expected range; limited risk, theta decay.
Underperforms: Move outside short strikes invalidates range thesis.
Bearish Call Diagonal
Sell 2026-06-12 $385.00 call / buy 2026-07-17 $395.00 call
Debit: $5.05-$6.17
Max loss: $6.17
Max gain: Variable
BE: Path-dependent
Trigger: Monitor gamma risk; close if spot exceeds short strike.
Front-end elevated IV provides decay; but less suited to bullish bias.
Outperforms: Short near-term call against longer-term higher strike; bearish view.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Antitrust regulatory risks.
!Valuation risk if AI spending disappoints.
!Low VIX may understate downside move potential.

What to Watch

?Spot action around $370 max pain for June 5 & 8 expiries.
?Gamma flip if spot breaks $380 resistance.
?Unusual call OI accumulation for July earnings.
How to Use These Reports
This earnings reflects the market close on June 4, 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.