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GOOGL

Alphabet Inc.Close $368.53EOD only
Max Pain
$370.00
Next expiry Jun 8, 2026
Expected Move
±$7.90
2.1% from close
Price Gap
+1.47
Distance to max pain
IV Rank
38
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 5, 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
Jun 5, 2026 close
GOOGL Theta Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Sell Put Spread
Invalidation: Break below $346.06 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
IV (42%) significantly above VIX (18.9)
Favorable?
Yes

Term structure: Steep near-term, skew elevated; contango after 2d

📈IV/VX ratio >2.2, premium selling opportune
⚠️0DTE IV depressed but skew extreme

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+42.7M)

OI concentrations: Call OI wall $400-$500; Put floor $215

Verdict: Pinning risk elevated near $368 max pain

Premium Opportunities

#1
Put credit spread
Sell 2026-06-12 $345.00/$342.50 put spread
Sell 345/342.5 put spread expiring before earnings; benefits from time decay and limited downside risk.
Credit: $0.14-$0.17
Max loss: $2.33
BE: $344.83
Mgmt: Exit if GOOGL breaks $346 support; consider rolling if tested early.
#2
Iron condor
Sell 2026-06-12 $345.00/$342.50 put wing and $367.50/$370.00 call wing
Sell 345/342.5 put wing and 367.5/370 call wing, expiring after earnings; profits if price stays in range.
Credit: $0.90-$1.11
Max loss: $1.39
BE: 343.89 / 368.61
Mgmt: Adjust wings if pinning risk at $368 max pain; close after earnings for gamma risk.
#3
Put calendar
Sell 2026-06-12 $345.00 put / buy 2026-06-18 $345.00 put
Sell June12 345 put, buy June18 345 put; profits if near-term volatility drops relative to back-month.
Debit: $1.10-$1.34
Max loss: $1.34
BE: Path-dependent
Mgmt: Monitor IV differential; close if front-month IV rises unexpectedly.

Risk Alerts

!IV elevated: caution on width
!Pinning risk at $368 max pain
How to Use These Reports
This theta reflects the market close on June 8, 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.