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GOOGL

Alphabet Inc.Close $369.35EOD only

Max Pain

$355.00

Next expiry Jun 17, 2026

Expected Move

±$7.48

2.0% from close

Price Gap

-14.35

Distance to max pain

IV Rank

High premium

P/C OI

0.84

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

GOOGL Theta Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.7% from MP; +1 VIX 16

IV Environment

IV Regime

Normal

IV vs VIX

IV elevated vs VIX

Favorable?

Yes

Term structure: Front-month IV moderate, 2-day options extreme skew; avoid 0DTE but monthly cycles favorable.

📊IV at 42.9% vs VIX 16.4% - rich for premium selling

⚠️1-day term structure shows event skew - avoid 0DTE

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+149.8M)

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,191 (14.3% below spot)

OI concentrations: Call OI wall $400-$500, Put floor $320, Max pain pins $360, $330, $362

Verdict: Elevated pin risk due to concentrated OI at $360 and $330; watch for pinning at these levels.

Premium Opportunities

Put credit spread

Sell 2026-07-17 $360.00/$350.00 put spread

Collects premium from elevated IV while staying below max pain zones.

Credit: $2.48-$3.03

Max loss: $6.97

BE: $356.97

Mgmt: Exit at 50% profit; stop if price breaks $365.

Iron condor

Sell 2026-08-21 $360.00/$350.00 put wing and $380.00/$390.00 call wing

Captures both IV contraction and time decay with wide wings.

Credit: $6.82-$8.33

Max loss: $1.67

BE: 351.67 / 388.33

Mgmt: Manage at 21 DTE; adjust wings if pin risk emerges.

Risk Alerts

!Avoid 0DTE due to extreme skew in 2-day options.

!Gamma flip at $320 based on put OI concentration.

!Event risk next two expirations.

How to Use These Reports

This theta reflects the market close on June 16, 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.