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GOOGL

Alphabet Inc.Close $349.68EOD only
Max Pain
$360.00
Next expiry Jun 24, 2026
Expected Move
±$7.67
2.2% from close
Price Gap
+10.32
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.77
Slightly call-heavy
Consensus
4.5/10
Neutral tilt
Published snapshot: Jun 22, 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 22, 2026 close
GOOGL Earnings Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GOOGL earnings 30 days out; 100% beat rate but tech selloff adds caution; bullish flow but IV elevated.

Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 spot 0.4% from MP; +0.5 VIX 19
Most important: High call OI wall at $400-$450; put floor at $320; beat streak vs sector headwinds.
🎯100% beat rate over 5 quarters.
⚠️VIX 19; broad market weakness.
📈Unusual call buying at $350-$357.5.

Regime Classification

Vol Regime
Normal
Gamma Regime
Trending
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,449 (7.5% below spot)

Earnings Overview

Next earnings: 2026-07-23 (30 days)explicit

Expected moves:

  • 2026-06-24 (1d): ±$5.56 (1.6%)
  • 2026-06-26 (3d): ±$9.53 (2.8%)
  • 2026-06-29 (6d): ±$11.30 (3.3%)

IV Setup

Term structure: Steep near-term; 1d ±1.6%, 3d ±2.8%, 6d ±3.3%.

Crush estimate: Moderate crush post-earnings; IV currently 27-33% for weekly options.

Skew: Slightly call-skewed; put/call vol ratio 0.5, OI ratio 0.75.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Avg move near expected; consistent beats with modest absolute moves.

Directional bias: Slight upside bias from 100% beat rate, but market context negative.

Key Levels

1$320.00 gamma flip
2EM guardrails: 2d $340.58/$351.69; 1w $334.83/$357.43
3Max pain pins: $348 (2026-06-24); $355 (2026-06-26); $350 (2026-06-29)

Flow Highlights

Large call buying at $350, $355, $357.5 for 6/24 expiration.

Bullish positioning near resistance; aggressive short-dated calls.

Put activity at $342.5, $345, $347.5 also elevated.

Hedging downside or collaring; mixed sentiment near spot.

Strategies

Range-Bound Iron Condor
Sell 2026-07-24 $340.00/$330.00 put wing and $370.00/$380.00 call wing
Credit: $5.15-$6.30
Max loss: $3.70
Max gain: $6.30
BE: 333.70 / 376.30
Trigger: Monitor $340 support and $370 resistance; exit if breached.
Best risk-reward given expected moderate move and defined risk.
Outperforms: Sells $340 put and $370 call, buys wings to cap loss.
Underperforms: Move outside short strikes invalidates range thesis.
High Credit Short Strangle
Sell 2026-07-24 $340.00 put + sell $370.00 call
Credit: $13.93-$17.02
Max loss: Unlimited
Max gain: $17.02
BE: 322.98 / 387.02
Trigger: Close if stock approaches $340 or $370 early.
Elevated IV and range-bound setup; high probability of profit.
Outperforms: Sells $340 put and $370 call to collect premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.
IV Decay Call Calendar
Sell 2026-07-17 $370.00 call / buy 2026-07-24 $370.00 call
Debit: $2.02-$2.48
Max loss: $2.48
Max gain: Variable
BE: Path-dependent
Trigger: Watch $340 invalidation level; exit if breached.
Steep term structure benefits short near-term theta decay.
Outperforms: Sells 7/17 call, buys 7/24 call at $370.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long straddle
Buy 2026-07-24 $350.00 put + buy $350.00 call
Debit: $24.17-$29.54
Max loss: $29.54
Max gain: Unlimited
BE: 320.46 / 379.54
Steep IV term structure, 100% beat rate but tech selloff adds uncertainty.
Outperforms: Capture GOOGL earnings vol with long straddle.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Earnings 30 days out; uncertainty elevated.
!Tech selloff (QQQ -3.3%) may pressure.
!High call OI wall $400-$450 caps upside potential.

What to Watch

?Support $340 and resistance $350.
?Put floor at $320; call wall at $400.
?IV crush post-earnings on 7/23.
How to Use These Reports
This earnings reflects the market close on June 23, 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.