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GOOGL

Alphabet Inc.Close $345.29EOD only
Max Pain
$352.50
Next expiry Jun 26, 2026
Expected Move
±$8.55
2.5% from close
Price Gap
+7.21
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 24, 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 24, 2026 close
GOOGL Earnings Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GOOGL earnings 7/23; 100% beat rate; bullish flow with heavy call buying; IV pricing moderate; confidence 5.

Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +0.5 spot 1.8% from MP; +0.5 VIX 19
Most important: Unusual call activity in Jun26/Jul2 with vol/oi >7x indicates bullish positioning.
💡100% beat rate over 5 quarters.
⚠️Spot ~$348, below max pain $350; may drift toward pin.

Regime Classification

Vol Regime
Normal
Gamma Regime
Trending
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,486 (6.9% below spot)

Earnings Overview

Next earnings: 2026-07-23 (28 days)explicit

Expected moves:

  • 2026-06-26 (1d): ±$6.40 (1.9%)
  • 2026-06-29 (4d): ±$9.30 (2.7%)
  • 2026-07-01 (6d): ±$5.22 (1.5%)

IV Setup

Term structure: Front-end elevated; 1d IV ~33% implied from ±1.9% move; earnings premium building in back month.

Crush estimate: Expect ~40% IV crush post-earnings from currently ~35% implied.

Skew: Call skew elevated; heavy OTM call buying.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Historical moves within IV 80% of time; avg move ~1.8% vs expected ±2.0%.

Directional bias: Bullish bias; 100% beat rate and positive flow.

Key Levels

1$320.00 gamma flip
2EM guardrails: 2d $337.31/$350.11; 1w $338.48/$348.93
3Max pain pins: $350 (2026-06-26); $350 (2026-06-29); $352 (2026-07-01)

Flow Highlights

Heavy call buying in Jun26 $335-$345 and Jul2 $347.5-$355 strikes with vol/oi ratios >4x.

Indicative of bullish positioning ahead of earnings.

Strategies

Long Strangle
Buy 2026-07-24 $330.00 put + buy $365.00 call
Debit: $12.22-$14.93
Max loss: $14.93
Max gain: Unlimited
BE: 315.07 / 379.93
Trigger: Take profit on 50% move; roll if time decay accelerates.
Cheaper than straddle; bullish bias with upside via calls; downside put hedges.
Outperforms: Profits from upside move with call, limited risk via put. Cheaper premium.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long Straddle
Buy 2026-07-24 $345.00 put + buy $345.00 call
Debit: $24.35-$29.76
Max loss: $29.76
Max gain: Unlimited
BE: 315.24 / 374.76
Trigger: Sell on IV expansion; exit before earnings to avoid crush.
Direction-neutral; captures any large move; historical moves within IV but IV crush risk.
Outperforms: Unlimited upside on either direction; expensive but no directional bias.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!IV crush risk; post-earnings IV may drop 40%.
!Max pain at $350 may pin price; spot currently ~$348.

What to Watch

?Spot approach to $350 resistance; if it breaks, could accelerate.
?Volume in Jul2 $355 calls; open interest increase suggests momentum.
How to Use These Reports
This earnings reflects the market close on June 25, 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.