thetaOwl
HomeOptionsGOOGLReports

GOOGL

Alphabet Inc.Close $373.25EOD only
Max Pain
$360.00
Next expiry Jun 17, 2026
Expected Move
±$5.28
1.4% from close
Price Gap
-13.25
Distance to max pain
IV Rank
71
High premium
P/C OI
0.84
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 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
Jun 16, 2026 close
GOOGL Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Sell Put Spreads
Invalidation: Spot breaks below $320 gamma flip
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.0% from MP; +0.5 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV at 45.5% vs VIX 18.4%, IV significantly higher
Favorable?
Yes

Term structure: Front-end IV spike (1d ATM 27.9%) with steep skew; back-end ~36-38%

📌Spot below max pain $368; pinning elevated

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+79.3M)

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,184 (12.0% below spot)

OI concentrations: Call OI wall $400-$500; Put floor $320; Max pain $368 (today)

Verdict: Elevated pin risk; spot below max pain, near put floor

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $350.00/$330.00 put spread
Sell put spread after earnings to capture IV contraction while below max pain near put floor.
Credit: $4.39-$5.36
Max loss: $14.64
BE: $344.64
Mgmt: Adjust if spot breaks $320; close at 50% of max gain or before earnings.

Risk Alerts

!Gamma flip at $320
!Front-end IV spike (1d expiry) high risk
How to Use These Reports
This theta reflects the market close on June 17, 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.