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GOOGL

Alphabet Inc.Close $346.77EOD only
Max Pain
$360.00
Next expiry Jul 20, 2026
Expected Move
±$6.54
1.9% from close
Price Gap
+13.23
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.74
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Jul 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
Jul 17, 2026 close
GOOGL Theta Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 4, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Bull Put Spread
Invalidation: Spot closes below $368 max pain support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 15

IV Environment

IV Regime
Normal
IV vs VIX
IV highly elevated vs VIX (41.9 vs 15.4), favorable for premium selling
Favorable?
Yes

Term structure: Front-end elevated IV with put skew; steep contango from 1d to 1w

📈Mean IV 41.9% vs VIX 15.4; rich premiums across expirations

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+145.6M)

OI concentrations: Max pain at $368-370; call wall $400-500 absorbing pin pressure; no gamma flip

Verdict: Low pin risk; call wall and positive GEX support current levels

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $370.00/$365.00 put spread
Selling $370/$365 put spread to capture time premium with IV high and support near max pain.
Credit: $1.98-$2.42
Max loss: $2.58
BE: $367.58
Mgmt: Close if spot drops near $367.50 invalidation level.

Risk Alerts

!Spot near high end of EM range; caution on upside extension
!Put IV spike in weekly expiry may indicate hedging activity
How to Use These Reports
This theta reflects the market close on June 4, 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.