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GOOGL

Alphabet Inc.Close $364.26EOD only
Max Pain
$362.50
Next expiry Jun 10, 2026
Expected Move
±$5.36
1.5% from close
Price Gap
-1.76
Distance to max pain
IV Rank
40
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 9, 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 9, 2026 close
GOOGL Earnings Report
Analysis based on market close June 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

High confidence bullish setup with strong flow, pinning gamma, and 100% beat rate.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +0.5 VIX 20
Most important: Gamma pinning near $362 and massive call buying in weekly expirations.
📈Heavy call volume at $367.5-$375 weekly expiries, net premium $118M bullish.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$345.00 — Approx — based on put OI concentration of 16,472 (5.3% below spot)

Earnings Overview

Next earnings: 2026-07-23 (44 days)explicit

Expected moves:

  • 2026-06-10 (1d): ±$5.35 (1.5%)
  • 2026-06-12 (3d): ±$9.85 (2.7%)
  • 2026-06-15 (6d): ±$11.78 (3.2%)

IV Setup

Term structure: Elevated longer-term IV (44d to earnings) vs shorter-term; slight contango.

Crush estimate: 30-50% IV crush post-earnings typical, but event far out so near-term crush minimal.

Skew: Slight put skew on weekly expiries, but call skew on longer-dated.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Avg move ~±1.5% vs expected ±1.5%

Directional bias: Slightly bullish (100% beat rate, bullish flow)

Key Levels

1$345.00 gamma flip
2EM guardrails: 2d $358.91/$369.62; 1w $352.49/$376.04
3Max pain pins: $362 (2026-06-10); $370 (2026-06-12); $368 (2026-06-15)

Flow Highlights

Heavy call buying at $367.5, $372.5, $375 weekly strikes with high vol/OI ratios.

Bullish flow expecting upward move near max pain $362.

Put floor at $345 with large OI, significant put buying at $357.5-$365.

Downside protection but also pinning support.

Strategies

Bullish Call Diagonal
Sell 2026-06-26 $380.00 call / buy 2026-07-17 $360.00 call
Debit: $12.26-$14.99
Max loss: $14.99
Max gain: Variable
BE: Path-dependent
Trigger: Exit if stock breaks below $362.50; roll short call if challenged.
Best aligns with bullish bias and gamma pinning near $362, selling short-dated call for decay.
Outperforms: Long $360 call vs short $380 call captures upside while reducing cost via time decay.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Range-Bound Iron Condor
Sell 2026-06-26 $350.00/$345.00 put wing and $380.00/$385.00 call wing
Credit: $2.16-$2.63
Max loss: $2.37
Max gain: $2.63
BE: 347.37 / 382.63
Trigger: Close early if IV expands or stock nears wings; adjust if pinning shifts.
High probability given pinning and clear support/resistance; collects premium with defined risk.
Outperforms: Sells $350/$345 put spread and $380/$385 call spread, profiting if stock stays within range.
Underperforms: Move outside short strikes invalidates range thesis.
Long Straddle for Volatility
Buy 2026-08-21 $360.00 put + buy $360.00 call
Debit: $42.77-$52.28
Max loss: $52.28
Max gain: Unlimited
BE: 307.72 / 412.28
Trigger: Set stop-loss; consider selling one side if bias develops.
Less preferred due to cost and time decay; only if expecting large move beyond ±1.5%.
Outperforms: Buy at-the-money straddle to profit from any large move, but expensive and sensitive to theta.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Earnings 44 days away – position risk elevated if held through event.
!Gamma risk from large OI at $345 put floor and $400 call wall.

What to Watch

?Gamma pinning near $362 on 6/10 expiry.
?Call wall at $400 on longer-dated expiries.
?Put floor at $345 – break below could accelerate sell-off.
How to Use These Reports
This earnings reflects the market close on June 9, 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.