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GOOGL

Alphabet Inc.Close $359.68EOD only
Max Pain
$355.00
Next expiry Jun 15, 2026
Expected Move
±$6.67
1.9% from close
Price Gap
-4.68
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
0.82
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
GOOGL Earnings Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer earnings report is available for June 12, 2026.

View latest report

Earnings Verdict

Bullish bias from 100% beat rate, but current flow is far from event and may not reflect earnings sentiment.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 2.0% from MP; +0.5 VIX 19
Most important: Earnings-dated options show limited activity; wait for closer-to-expiration positioning.
🐂100% beat rate supports bullish historical bias.
⚠️Current flow is short-term; earnings thesis not confirmed by options.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-23 (42 days)explicit

Expected moves:

  • 2026-06-12 (1d): ±$6.41 (1.8%)
  • 2026-06-15 (4d): ±$9.50 (2.7%)
  • 2026-06-17 (6d): ±$12.65 (3.5%)

IV Setup

Term structure: Near-term elevated, but earnings 42 days out; event-specific IV not yet priced.

Crush estimate: Uncertain; implied move not definable from current options.

Skew: Call skew in near-term may not persist to earnings expiration.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Historical beats suggest larger moves but current implied move not measurable.

Directional bias: Bullish

Key Levels

1EM guardrails: 2d $351.35/$364.18; 1w $345.12/$370.42
2Max pain pins: $365 (2026-06-12); $365 (2026-06-15); $360 (2026-06-17)

Flow Highlights

Earnings-dated call activity minimal so far.

Positioning for event remains undeveloped; monitor closer to event.

Strategies

Long Strangle
Buy 2026-08-21 $335.00 put + buy $400.00 call
Debit: $19.96-$24.39
Max loss: $24.39
Max gain: Unlimited
BE: 310.61 / 424.39
Trigger: Manage as event approaches; watch gamma
Best captures post-earnings move with premium efficiency
Outperforms: Buys OTM put and call for earnings vol expansion
Underperforms: Insufficient realized move reduces long-strangle edge.
Long Straddle
Buy 2026-08-21 $365.00 put + buy $365.00 call
Debit: $42.46-$51.89
Max loss: $51.89
Max gain: Unlimited
BE: 313.11 / 416.89
Trigger: Exit early if move occurs; monitor vega
Captures move but higher cost than strangle
Outperforms: Buys ATM put and call for earnings vol
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Iron Condor
Sell 2026-06-18 $340.00/$335.00 put wing and $365.00/$367.50 call wing
Credit: $0.91-$1.11
Max loss: $3.89
Max gain: $1.11
BE: 338.89 / 366.11
Trigger: Close before earnings to avoid gap risk
Harvests premium before earnings with low event risk
Outperforms: Sells OTM put and call spreads for range-bound decay
Underperforms: Move outside short strikes invalidates range thesis.
Call calendar
Sell 2026-06-18 $365.00 call / buy 2026-06-26 $365.00 call
Debit: $2.56-$3.13
Max loss: $3.13
Max gain: Variable
BE: Path-dependent
Near-term vol elevated vs back-month; bullish bias supports call calendar.
Outperforms: Benefit from term structure: sell rich near-term vol, own longer-dated call.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Low liquidity in far-dated options could exacerbate gaps.
!Earnings gap risk remains.

What to Watch

?Accumulation in earnings-dated strikes as event approaches.
?Dealer gamma positioning shifts near expiration.
How to Use These Reports
This earnings reflects the market close on June 11, 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.