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GOOGL

Alphabet Inc.Close $387.66EOD only
Max Pain
$385.00
Next expiry May 22, 2026
Expected Move
±$5.24
1.4% from close
Price Gap
-2.66
Distance to max pain
IV Rank
28
Middle-high premium
P/C OI
0.92
Balanced positioning
Consensus
9.5/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
GOOGL Theta Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Sell put spreads
Invalidation: Break below $366 or VIX spike above 20
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
IV 40% vs VIX 17, elevated; premium selling favorable.
Favorable?
Yes

Term structure: Upward sloping from 4d; put skew elevated near term.

📈IV elevated vs low VIX, good for premium selling.
⚠️Put skew elevated near term; beware tail risk.

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+16.1M)

OI concentrations: Call wall $410-$450; put floor $215; max pain $385-$390.

Verdict: Spot near max pain, high pinning risk; call OI wall caps upside.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $350.00/$340.00 put spread
Sell $350/$340 put spread, targeting premium decay with limited downside.
Credit: $1.53-$1.87
Max loss: $8.13
BE: $348.13
Mgmt: Close at 50% max gain or if GOOGL breaks $366.75.
#2
Cash-secured put
Sell 2026-07-17 $365.00 cash-secured put
Sell $365 put, collecting elevated IV premium with support near $366.
Credit: $8.75-$10.70
Max loss: $354.30
BE: $354.30
Mgmt: Roll down or close if spot drops below $366.75.

Risk Alerts

!Call OI wall at $410-$450 may limit upside moves.
!No significant put OI concentration below spot; low downside pin risk.
!Earnings not indicated; normal volatility.
How to Use These Reports
This theta reflects the market close on May 22, 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.