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GOOGL

Alphabet Inc.Close $340.59EOD only
Max Pain
$350.00
Next expiry Oct 19, 2026
Expected Move
±$6.01
1.8% from close
Price Gap
+9.41
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.67
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Oct 16, 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
Oct 16, 2026 close
GOOGL Theta Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 5, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short premium via call credit spreads or iron condors
Invalidation: Spot break above $400 or below $360
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +0.5 VIX 22

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 42.73% vs VIX 21.51 - elevated premium
Favorable?
Yes

Term structure: Front-end atm low (11%), high put skew; term structure normal with slight backwardation after 5d

📌Spot near max pain, dealer long gamma, bullish flow - favorable for selling premium

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+107.1M)

OI concentrations: Max pain $368 (0 DTE) and $370 (next); no put wall below spot

Verdict: Low pin risk - strong gamma pinning, dealer long, spot near MP

Premium Opportunities

#1
Iron condor
Sell 2026-07-17 $350.00/$345.00 put wing and $380.00/$390.00 call wing
Sells OTM put and call wings to collect premium from elevated IV in range-bound market.
Credit: $4.16-$5.09
Max loss: $4.91
BE: 344.91 / 385.09
Mgmt: Manage at 50% max gain or close if spot breaches 345 or 390.
#2
Call credit spread
Sell 2026-07-17 $380.00/$390.00 call spread
Sells call spread at 380/390 to collect premium from implied volatility, betting spot stays below 380.
Credit: $2.99-$3.66
Max loss: $6.34
BE: $383.66
Mgmt: Close if spot approaches 387 or at 50% max gain.

Risk Alerts

How to Use These Reports
This theta reflects the market close on June 5, 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.