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GOOGL

Alphabet Inc.Close $373.25EOD only
Max Pain
$360.00
Next expiry Jun 17, 2026
Expected Move
±$5.28
1.4% from close
Price Gap
-13.25
Distance to max pain
IV Rank
71
High premium
P/C OI
0.84
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 16, 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 16, 2026 close
GOOGL Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish flow and pinning but 36d to earnings; macro weak.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.0% from MP; +0.5 VIX 18
Most important: 0DTE call buying at $367.5 (78x OI) creates gamma pinning, dealer hedging.
🚨0DTE call buy at $367.5 with 78x OI ratio — strong pinning pressure
⚠️Bearish market context (SPY -1.25%) but GOOGL call skew persists

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,184 (12.0% below spot)

Earnings Overview

Next earnings: 2026-07-23 (36 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$5.85 (1.6%)
  • 2026-06-22 (5d): ±$8.93 (2.5%)
  • 2026-06-24 (7d): ±$12.20 (3.4%)

IV Setup

Term structure: Upward sloping, 1d 1.6%, 7d 3.4%

Crush estimate: Moderate post-event IV crush

Skew: Call-heavy flow, low put/call ratios

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available; 100% beat rate suggests upside bias

Directional bias: Bullish based on 5/5 beats

Key Levels

1$320.00 gamma flip
2EM guardrails: 2d $357.94/$369.64; 1w $354.87/$372.72
3Max pain pins: $368 (2026-06-17); $330 (2026-06-18); $365 (2026-06-22)

Flow Highlights

Net premium $112M positive; 0.54 P/C vol ratio

Aggressive call buying, bullish sentiment

Strategies

Call Diagonal Ahead of Earnings
Sell 2026-07-17 $380.00 call / buy 2026-07-24 $370.00 call
Debit: $5.53-$6.76
Max loss: $6.76
Max gain: Variable
BE: Path-dependent
Trigger: Exit if stock drops below $348.44 invalidation level. Consider closing before Jul 17 expiration to avoid early assignment risk.
Upward-sloping term structure and gamma pinning near $367.5 favor this diagonal: short call decays before earnings, long call captures post-earnings upside. Lower cost than strangle.
Outperforms: Sell Jul 17 $380 call, buy Jul 24 $370 call. Profits from moderate rally past $370, with time decay on short leg.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long Strangle for Earnings
Buy 2026-08-21 $340.00 put + buy $385.00 call
Debit: $22.61-$27.64
Max loss: $27.64
Max gain: Unlimited
BE: 312.36 / 412.64
Trigger: Monitor spot price and IV. Consider closing before earnings to avoid crush, or hold through if high conviction. Set stop-loss at 50% of premium.
100% beat rate and bullish bias justify long volatility, but high premium and macro weakness make it secondary to the diagonal.
Outperforms: Buy Aug 21 $340 put and $385 call. Profits from a large post-earnings move beyond break-even points.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Revenue miss or weak guidance could trigger gap move
!Market drawdown (SPY -1.25%) adds downside pressure
!IV crush post-earnings may fade premium

What to Watch

?Spot vs $368 max pain at close
?06-26 call volume for extension
?Macro and VIX movement
How to Use These Reports
This earnings reflects the market close on June 17, 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.