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GOOGL

Alphabet Inc.Close $368.03EOD only
Max Pain
$365.00
Next expiry Jun 22, 2026
Expected Move
±$6.35
1.7% from close
Price Gap
-3.03
Distance to max pain
IV Rank
100
High premium
P/C OI
0.82
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
GOOGL Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put spreads
Invalidation: Spot breaks below gamma flip at 320
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.4% from MP; +1 VIX 16

IV Environment

IV Regime
Normal
IV vs VIX
IV > VIX (47% vs 16.4)
Favorable?
Yes

Term structure: Front-month IV extremely elevated; back-month normal (~35-40%)

⚠️Front-month IV extreme; caution near 0 DTE

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+169.2M)

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,307 (13.1% below spot)

OI concentrations: Put floor 320, call wall 400-500; max pain 328

Verdict: Gamma pinning regime; pin risk elevated near max pain

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $350.00/$340.00 put spread
Sell $350/$340 put spread to collect premium with defined risk.
Credit: $1.94-$2.37
Max loss: $7.63
BE: $347.63
Mgmt: Close if spot breaks $351; roll if IV contracts.
#2
Iron condor
Sell 2026-08-21 $345.00/$330.00 put wing and $410.00/$430.00 call wing
Sell wide wings around expected range; collect rich credit.
Credit: $6.86-$8.39
Max loss: $11.61
BE: 336.61 / 418.39
Mgmt: Exit at 50% max gain; adjust wings if spot approaches strikes.

Risk Alerts

!Front-month expiration today
!IV spike on 0 DTE options
How to Use These Reports
This theta reflects the market close on June 18, 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.