thetaOwl
HomeOptionsGOOGLReports

GOOGL

Alphabet Inc.Close $388.88EOD only
Max Pain
$387.50
Next expiry May 27, 2026
Expected Move
±$4.62
1.2% from close
Price Gap
-1.38
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.93
Balanced positioning
Consensus
8.5/10
Bullish tilt
Published snapshot: May 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
May 26, 2026 close
GOOGL AI Consensus Report
Analysis based on market close April 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 8, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
6.5

out of 10

6.5 because dealer gamma and concentrated open interest create a strong short-term pin that favors premium sellers and constrained directional moves, but conviction is capped by an imminent expiry/earnings window and heavy distant call interest that can flip dynamics quickly — enough alignment for tactical trades but not for large directional bets.

Where Perspectives Agree

Short-term pinning around the low-$300s with a modest bullish tilt — positioning, dealer gamma and accumulated bullish flow all support limited upside with highest probability of mean-reversion into the $300–$320 magnet rather than a clean breakout.

Where They Diverge

Flow and earnings viewpoints diverge: flow/positioning reads as institutional accumulation that should sustain rallies, while the earnings/term-structure and near-term expiry risk imply a post-event fade or volatility re-rating that would undercut any sustained bullish continuation; this is a true clash because one expects follow-through while the other expects a mean-reverting or fade outcome after the binary event.

Top Trade
via directional

Sell 2026-04-24 $300/$295 put spread for a net credit (receive premium) — defined-risk bullish exposure that monetizes the pin and short-term mean reversion while limiting gamma risk through the early-April expiry.

Key Risk

A decisive close below $300 on above-average volume (e.g., >2x ADV) within 1 trading day — this would break the dealer gamma pin, trigger rapid downside unwind toward $295, and invalidate the short-term bullish/neutral thesis.

How to Use These Reports
This ai consensus reflects the market close on April 8, 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.