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GOOGL

Alphabet Inc.Close $326.56EOD only

Max Pain

$322.50

Next expiry Jul 29, 2026

Expected Move

±$7.35

2.3% from close

Price Gap

-4.06

Distance to max pain

IV Rank

Low premium

P/C OI

0.72

Slightly call-heavy

Consensus

4.5/10

Consensus signal

Published snapshot: Jul 27, 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 27, 2026 close

GOOGL Theta Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 12, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 18

IV Environment

IV Regime

Normal

IV vs VIX

Avg IV ~43% vs VIX 17.68, elevated

Favorable?

Yes

Term structure: Steep near term with extreme put skew (0 DTE put IV 81%), indicating hedging demand

⚠️Put skew extreme on 0 DTE (81%) and 6 DTE (112%), signaling high fear

📌Max pain at $358, spot at MP, pinning likely

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+130.6M)

OI concentrations: Max pain: $358 (6/12), $355 (6/15 & 6/17). Call wall $400-$500, put floor $215

Verdict: Low pin risk: spot at max pain $358, positive GEX; but high put skew warrants caution

Premium Opportunities

Put credit spread

Sell 2026-07-17 $345.00/$335.00 put spread

Sell July 17 345/335 put spread, max gain 2.94.

Credit: $2.41-$2.94

Max loss: $7.06

BE: $342.06

Mgmt: Exit if GOOGL closes below 357.5.

Cash-secured put

Sell 2026-07-24 $335.00 cash-secured put

Sell July 24 335 put, max gain 6.93.

Credit: $5.67-$6.93

Max loss: $328.07

BE: $328.07

Mgmt: Roll if challenged near expiration.

Risk Alerts

!Extreme put skew near expiry

!Spot close to max pain, potential pinning

!High IV may collapse after event

How to Use These Reports

This theta reflects the market close on June 12, 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.