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GOOGL

Alphabet Inc.Close $368.53EOD only
Max Pain
$370.00
Next expiry Jun 8, 2026
Expected Move
±$7.90
2.1% from close
Price Gap
+1.47
Distance to max pain
IV Rank
38
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 5, 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 5, 2026 close
GOOGL Earnings Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GOOGL earnings 45 days out. 100% beat rate. Bullish flow with massive call buying. Gamma pinning near $365-$370. Confidence base 9.0.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +0.5 VIX 19
Most important: Historical 100% beat rate and heavy call accumulation signal strong bullish sentiment, but 45-day horizon adds uncertainty.
📈100% beat rate over 5 quarters – strong execution track record.
📊Unusual $415 call with 70x OI ratio signals big upside bet.
⚡Max pain at $368, gamma pinning likely near current levels.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (45 days)explicit

Expected moves:

  • 2026-06-10 (2d): ±$7.68 (2.1%)
  • 2026-06-12 (4d): ±$11.00 (3.0%)
  • 2026-06-15 (7d): ±$12.88 (3.5%)

IV Setup

Term structure: Normal contango, expected moves increase with tenor: 2d 2.1%, 4d 3.0%, 7d 3.5%.

Crush estimate: Typical 40-50% IV crush post-earnings; current IV moderate.

Skew: Skew slightly call-skewed given heavy call volume.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not explicitly available; 100% beat rate implies consistent upside surprises.

Directional bias: Strongly bullish based on beat rate and flow.

Key Levels

1EM guardrails: 2d $355.63/$370.98; 1w $350.43/$376.18
2Max pain pins: $368 (2026-06-08); $365 (2026-06-10); $370 (2026-06-12)

Flow Highlights

Unusual $415 Call for Aug exp: volume 70.8x OI, large bullish bet.

Long-dated call buyer expects significant upside by August.

Near-term $362.5 and $365 Calls heavily traded for June 8 and 10.

Aggressive short-dated bullish positioning, likely gamma plays.

Strategies

Bull Call Spread
Buy 2026-08-21 $350.00/$380.00 call spread
Debit: $12.89-$15.76
Max loss: $15.76
Max gain: $14.24
BE: $365.76
Trigger: Exit at 50% of max gain or if spot breaks $355.
Best alignment with bullish bias and gamma pinning; limited cost and defined risk.
Outperforms: Upside convexity from call OI wall near $400, reduced premium outlay.
Underperforms: Loss of support weakens upside continuation thesis.
Long Strangle
Buy 2026-08-21 $350.00 put + buy $370.00 call
Debit: $34.20-$41.80
Max loss: $41.80
Max gain: Unlimited
BE: 308.20 / 411.80
Trigger: Hold through earnings, close if IV contracts sharply pre-event.
Lower premium than straddle, benefits from vol expansion; 100% beat rate favors upside.
Outperforms: Captures large move without directional conviction.
Underperforms: Insufficient realized move reduces long-strangle edge.
Call Calendar
Sell 2026-06-18 $380.00 call / buy 2026-07-17 $380.00 call
Debit: $5.82-$7.12
Max loss: $7.12
Max gain: Variable
BE: Path-dependent
Trigger: Roll short leg after 30 days if spot near strike.
Leverages contango and heavy call flow; limited downside from time decay.
Outperforms: Profits from steady upward drift and IV expansion into earnings.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long straddle
Buy 2026-08-21 $360.00 put + buy $360.00 call
Debit: $42.66-$52.14
Max loss: $52.14
Max gain: Unlimited
BE: 307.86 / 412.14
45-day horizon, historical upside, and moderate IV make straddle attractive for event convexity.
Outperforms: GOOGL 100% beat rate and heavy call buying suggest large move. Straddle captures volatility.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!45-day wait: macro and sector shifts could alter setup.
!Gamma flip risk if spot drops below $355 support.
!High IV crush potential post-earnings could hurt long premium.

What to Watch

?Spot price relative to max pain $368 and $365 guardrails.
?Call OI wall at $400-$500 for resistance.
?Any put accumulation below $355 for downside hedging.
How to Use These Reports
This earnings reflects the market close on June 8, 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.