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GOOGL

Alphabet Inc.Close $359.68EOD only
Max Pain
$355.00
Next expiry Jun 15, 2026
Expected Move
±$6.67
1.9% from close
Price Gap
-4.68
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
0.82
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
GOOGL Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 12, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Short put verticals at support
Invalidation: Break below $338 support or above $365 resistance
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 2.0% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
IV at 44% significantly above VIX at 19.44%
Favorable?
Yes

Term structure: Front-end: 1DTE ATM 32% with extreme skew; 7DTE spike (ATM 34%, call 77%, put 115%); longer-dated contango to 37%

📉Front-end IV spike on Jun18 suggests event risk
📈Elevated IV across tenors provides rich premium for selling

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+18.6M)

OI concentrations: Max pain $365 for 1-6DTE; call wall $400-$500; put floor $215; no put concentration within 30% below spot

Verdict: Low pin risk; positive gamma supports pin near $365

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $340.00/$335.00 put spread
Sell put spread to collect premium with defined risk.
Credit: $1.26-$1.54
Max loss: $3.46
BE: $338.46
Mgmt: Monitor support; close if break below $338.
#2
Call diagonal
Sell 2026-07-17 $370.00 call / buy 2026-08-21 $365.00 call
Sell short-term call and buy later expiration call to profit from volatility crush.
Debit: $10.64-$13.01
Max loss: $13.01
BE: Path-dependent
Mgmt: Manage gamma risk near earnings; close after IV crush.

Risk Alerts

!Front-end IV spike on Jun18 expiration suggests potential binary event
!Spot 1.7% below max pain; upward drift likely
!Put/call volume ratio at 0.52 shows strong call demand
!Elevated VIX (19.44) above 15 indicates higher macro uncertainty
How to Use These Reports
This theta reflects the market close on June 11, 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.