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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 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GOOGL earnings 48 days out. Bullish flow, IV elevated, spot near max pain $370. 100% historical beat rate.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +0.5 VIX 22
Most important: Strong bullish flow and pinning dynamics; earnings event far out but IV already pricing ±2.1% move in 3 days.
📈Spot 0.3% from max pain $370; pinning dynamics strong.
⚠️VIX 21.5 elevated; broader market selloff could drag GOOGL.
💰Net premium $161M positive; call volume dominates (P/C vol 0.55).

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (48 days)explicit

Expected moves:

  • 2026-06-08 (3d): ±$7.90 (2.1%)
  • 2026-06-10 (5d): ±$13.03 (3.5%)
  • 2026-06-12 (7d): ±$14.97 (4.1%)

IV Setup

Term structure: Short-term elevated; 3d IV ~2.1% move, 5d ~3.5%, 7d ~4.1%.

Crush estimate: Earnings IV crush likely significant post-July 23 event.

Skew: Put skew elevated on short-dated puts near max pain.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available from data.

Directional bias: 100% beat rate but direction not consistent.

Key Levels

1EM guardrails: 2d $360.63/$376.43; 1w $355.50/$381.55
2Max pain pins: $368 (2026-06-05); $370 (2026-06-08); $370 (2026-06-10)

Flow Highlights

Large volume in Jul17 $460 Put (vol/oi 18.6)

Long-dated bearish hedge or opening seller? Unusual.

High call volume in Jun8 $370 Call (vol/oi 13.1)

Bullish positioning near max pain.

Strategies

Iron Condor
Sell 2026-06-12 $357.50/$350.00 put wing and $382.50/$390.00 call wing
Credit: $2.46-$3.00
Max loss: $4.50
Max gain: $3.00
BE: 354.50 / 385.50
Trigger: Manage if spot approaches short strikes; adjust or close early.
High IV and pinning near $370 maximize theta decay with defined risk.
Outperforms: Sell put and call wings to capture elevated premium; limited profit/loss.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-06-18 $350.00 put + sell $390.00 call
Credit: $5.20-$6.36
Max loss: Unlimited
Max gain: $6.36
BE: 343.64 / 396.36
Trigger: Roll out or close if IV spikes or spot breaches wings.
Rich short-term IV and wide strikes provide high probability of success.
Outperforms: Sell OTM put and call to collect premium; undefined tail risk accepted.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Diagonal
Sell 2026-06-12 $380.00 call / buy 2026-07-17 $375.00 call
Debit: $9.81-$11.99
Max loss: $11.99
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot drops below $367.50; monitor earnings timing.
Calendar edge from near-term high IV and long-dated lower IV; bullish bias.
Outperforms: Sell near-term call, buy later-dated call to profit from time decay and directional move.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Macro headwinds: SPY -2.58%, QQQ -4.8% on snapshot day.
!IV crush post-earnings could impact long premium positions.
!Potential gamma squeeze if spot holds near $370.

What to Watch

?Spot price relative to max pain $370 and EM guardrails.
?Unusual option activity in near-dated expirations.
?Macro market direction (SPY/QQQ).
How to Use These Reports
This earnings reflects the market close on June 5, 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.