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GOOGL

Alphabet Inc.Close $343.92EOD only
Max Pain
$342.50
Next expiry Sep 28, 2026
Expected Move
±$5.25
1.5% from close
Price Gap
-1.42
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.68
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Sep 25, 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
Sep 25, 2026 close
GOOGL Theta Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 13, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Premium selling
Invalidation: Spot break below 385 support
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.6% from MP; +1 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV 46% well above VIX 18%; elevated premium
Favorable?
Yes

Term structure: Near-term spike (0d low, 2d high) then contango; elevated put skew

📊GEX +$250M bullish; dealer long gamma supports pinning
⚠️Put IV 72-137% vs call 36-97%; hedging demand

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+250.1M)

OI concentrations: Max pain 0d $385, 2d $332, 5d $388; call wall $450, put floor $215; OI ratio 0.91

Verdict: Pinning at $385 likely today, but spot at $403 above; risk concentrated at expiry

Premium Opportunities

#1
Put credit spread
Sell 2026-06-12 $390.00/$380.00 put spread
Sell 390/380 put spread to collect credit with defined risk.
Credit: $2.77-$3.38
Max loss: $6.62
BE: $386.62
Mgmt: Close if spot breaks 385; take profit at 50% max.
#2
Call credit spread
Sell 2026-06-12 $410.00/$420.00 call spread
Sell 410/420 call spread to capture premium near resistance.
Credit: $3.22-$3.93
Max loss: $6.07
BE: $413.93
Mgmt: Exit if spot breaks above 410; manage theta decay.

Risk Alerts

!Spot within 5% of resistance $410
!High put skew indicates crash hedge
How to Use These Reports
This theta reflects the market close on May 13, 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.