Home Options GOOGLReports

GOOGL

Alphabet Inc.Close $336.02EOD only

Max Pain

$310.00

Next expiry Apr 17, 2026

Expected Move

±$4.21

1.3% from close

Price Gap

-26.02

Distance to max pain

IV Rank

100

High premium

P/C OI

0.80

Slightly call-heavy

Consensus

6.5/10

Consensus signal

Published snapshot: Apr 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

Apr 16, 2026 close

GOOGL Theta Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Attractiveness7 / 10

Sizing: Conservative

Primary: Sell defined-risk weekly/near-term premium: (A) 10–14 DTE put-credit spreads: sell ~25–30Δ put, buy ~15Δ put, width 2–4 pts; (B) 10–14 DTE short strangle sized to 1–1.5% account risk per leg (sell ~10Δ put / ~15–25Δ call depending skew). Roll rules: if spread/strangle hits 1.5–2× cost, roll out 10–14 DTE toward wings or reduce size; cut loss at 2× debit or on IV spike >+10 vols. Target delta and max loss limits enforced.

Invalidation: Sustained move below $310 or sharp VIX spike (>30) with heavy gap risk

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.2% from MP; +1 VIX 17

IV Environment

IV Regime

Normal

IV vs VIX

Avg IV elevated (~43%) vs VIX 17 — front-week (0–7 DTE) ATM IV collapsed while nearby put IVs stay rich

Favorable?

Yes

Term structure: Term structure: steep front-week skew (0–7 DTE), elevated near-term 8–30 DTE, mid-dates 30–90 DTE show ~30–40% IV — favors selling front-to-near-term skew. Note: short American options carry early-assignment risk; avoid oversized legs in thin strips and respect quoted bid/ask and size limits (use midpoint or NBBO execution rules).

📌Gamma pinning centered near $322–$325 supports spot anchoring

⚠️0d/3d IV dispersion high — gap/tail risk on catalysts

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+265.7M)

OI concentrations: Max-pain concentration at $310/$322/$325; notable OI cluster 310–320 with dealer GEX skew

Verdict: Elevated pin risk — positive dealer GEX increases anchoring probability; liquidity and early-assignment concentrated at these strikes, so cap size and stagger expiries to mitigate

Premium Opportunities

Put credit spread

Sell 2026-05-08 $325.00/$315.00 put spread

Sell $325/$315 put spread (entry ~1.96–2.39) to collect rich put premium with max loss limited to 7.61. Targets short ~25Δ / long ~15Δ wings per guidance.

Credit: $1.96-$2.39

Max loss: $7.61

BE: $322.61

Mgmt: Cap size; stagger expiries; roll out/wing toward safety if position hits 1.5–2× cost; cut at 2× debit or if IV spikes >+10 vols; exit on sustained break below $320.5 or 6 days to earnings.

Risk Alerts

!Tail gap risk on earnings/catalyst

!Early-assignment and thin-market liquidity at concentrated strikes

!Rapid IV re-pricing undermines premium capture

Read the Theta analysis for GOOGL for 2026-04-17. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.