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GOOGL

Alphabet Inc.Close $337.39EOD only
Max Pain
$347.50
Next expiry Jun 29, 2026
Expected Move
±$3.73
1.1% from close
Price Gap
+10.11
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Jun 26, 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 26, 2026 close
GOOGL Earnings Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GOOGL has 100% historical beat rate and strong bullish flow. Earnings 24 days out, IV elevated but not extreme.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.0% from MP; +1 VIX 18
Most important: Heavy put selling at $350 and call buying at $350-355 suggest upside pinning toward max pain $345-348.
📊Historical 100% beat rate supports bullish bias.
⚠️Earnings far out; time decay risk for near-term options.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,574 (9.5% below spot)

Earnings Overview

Next earnings: 2026-07-23 (24 days)explicit

Expected moves:

  • 2026-07-01 (2d): ±$7.97 (2.3%)
  • 2026-07-02 (3d): ±$9.65 (2.7%)
  • 2026-07-06 (7d): ±$11.33 (3.2%)

IV Setup

Term structure: 2d implied move 2.3%, 7d 3.2%; contango into earnings.

Crush estimate: 30-50% post-earnings IV crush expected.

Skew: Put skew elevated at lower strikes, flattened by heavy put selling at $350.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: 5/5 quarters beat; average move not provided.

Directional bias: Bullish based on 100% beat rate and current flow.

Key Levels

1$320.00 gamma flip
2EM guardrails: 2d $345.67/$361.62; 1w $342.32/$364.97
3Max pain pins: $340 (2026-06-29); $345 (2026-07-01); $348 (2026-07-02)

Flow Highlights

Unusual put selling at $350 (97.9x vol/OI) and $352.5 (80.4x).

Traders selling puts, expecting price above $350; bullish sentiment.

Call buying at $350 and $352.5 with high volume.

Positioning for upside toward max pain levels.

Strategies

Bullish Diagonal
Sell 2026-07-10 $367.50 call / buy 2026-07-24 $350.00 call
Debit: $11.36-$13.88
Max loss: $13.88
Max gain: Variable
BE: Path-dependent
Trigger: Monitor pin near $345; exit if stock breaks $340.
Leverages 100% beat rate and contango; upside exposure with IV crush benefit.
Outperforms: Buy $350c Jul24, sell $367.5c Jul10; bullish direction, premium collected.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Moderate Bullish Diagonal
Sell 2026-07-10 $365.00 call / buy 2026-07-24 $355.00 call
Debit: $8.78-$10.73
Max loss: $10.73
Max gain: Variable
BE: Path-dependent
Trigger: Exit if stock falls below $340.
Similar setup but higher strike back-month; lower risk than earn_2.
Outperforms: Buy $355c Jul24, sell $365c Jul10; bullish bias with defined risk.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Iron Condor
Sell 2026-07-24 $330.00/$315.00 put wing and $385.00/$405.00 call wing
Credit: $4.10-$5.01
Max loss: $14.99
Max gain: $5.01
BE: 324.99 / 390.01
Trigger: Adjust if price approaches wings; aim to capture IV crush.
Neutral play capitalizing on pinning and IV crush; 100% beat rate supports range.
Outperforms: Sell $330p/$315p and $385c/$405c; profit if stock stays near $345-348.
Underperforms: Move outside short strikes invalidates range thesis.
Long straddle
Buy 2026-07-24 $355.00 put + buy $355.00 call
Debit: $24.23-$29.62
Max loss: $29.62
Max gain: Unlimited
BE: 325.38 / 384.62
GOOGL has 100% beat rate and strong bullish flow, but IV crush expected. Straddle profits from any significant move regardless of direction.
Outperforms: Buy straddle to capture post-earnings volatility with 100% historical beat rate indicating potential large move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Earnings 24 days out; time decay and gamma risk near pin.
!Gamma flip at $320 support; break below could accelerate selling.
!100% beat rate but no guarantee; potential earnings miss.

What to Watch

?Price action relative to $340 support and $350 call wall.
?Continued put selling at $350 and call buying at $350-355.
?IV expansion as earnings approach; monitor VPIN for dealer hedging.
How to Use These Reports
This earnings reflects the market close on June 29, 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.