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GOOGL

Alphabet Inc.Close $344.00EOD only
Max Pain
$345.00
Next expiry Aug 19, 2026
Expected Move
±$5.81
1.7% from close
Price Gap
+1.00
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.73
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Aug 17, 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
Aug 17, 2026 close
GOOGL Theta Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 19, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Put Credit Spread
Invalidation: GOOGL breaks below $366 support
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV elevated relative to VIX (43% vs 18%)
Favorable?
Yes

Term structure: Short-dated put IV spike on May 22 (85%); steep term structure suggests event risk

📈IV at 43% vs VIX 18; premium rich for short volatility.
⚠️May 22 put IV spikes to 85%; event risk ahead of expiration.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+77.9M)

OI concentrations: High call OI wall $410-$450; put floor $195-$215; max pain pins $398 (1d), $382 (3d), $398 (7d)

Verdict: High pinning risk at $398 max pain; event risk near May 22 expiration.

Premium Opportunities

#1
Put credit spread
Sell 2026-06-26 $375.00/$365.00 put spread
Sell 375/365 put spread expiring Jun26 for defined-risk premium collection
Credit: $2.81-$3.44
Max loss: $6.56
BE: $371.56
Mgmt: Exit if GOOGL breaks below $366

Risk Alerts

!May 22 expiration: elevated put IV signals event risk
!Spot below max pain but bullish flow may push upward toward $398
!No put OI concentration within 30% below spot; limited downside support
How to Use These Reports
This theta reflects the market close on May 19, 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.