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GOOGL

Alphabet Inc.Close $402.62EOD only
Max Pain
$332.50
Next expiry May 15, 2026
Expected Move
±$8.22
2.0% from close
Price Gap
-70.12
Distance to max pain
IV Rank
100
High premium
P/C OI
0.91
Balanced positioning
Consensus
8.5/10
Bullish tilt
Published snapshot: May 13, 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 13, 2026 close
GOOGL Theta Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Selling put credit spreads
Invalidation: Spot breaks below $380 support or VIX spikes above 20
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 20.6% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
IV (46.5%) well above VIX (17.3%)
Favorable?
Yes

Term structure: Short-term IV moderate; mid-term spike to 35% at 6 days

📈IV elevated vs VIX, rich premiums for sellers
⚠️Mid-term IV spike suggests event risk on May 20

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+217.6M)

OI concentrations: Call wall $450; Put floor $215; Max pain near $390-395

Verdict: Moderate pin risk with positive gamma support; spot above near-term max pain

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $380.00/$375.00 put spread
Sell $380/$375 put spread to capture premium with IV > VIX.
Credit: $1.19-$1.46
Max loss: $3.54
BE: $378.54
Mgmt: Close at 50% profit or if spot breaks $380.
#2
Cash-secured put
Sell 2026-06-18 $380.00 cash-secured put
Sell $380 put to collect rich premium with theta decay.
Credit: $6.62-$8.09
Max loss: $371.91
BE: $371.91
Mgmt: Roll down or buy back if spot drops near $380.

Risk Alerts

!Event risk from IV spike on May 20 expiration
!Spot 20% from max pain may cause sharp move if pin fails
How to Use These Reports
This theta reflects the market close on May 14, 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.