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GOOGL

Alphabet Inc.Close $354.30EOD only
Max Pain
$357.50
Next expiry Aug 10, 2026
Expected Move
±$5.05
1.4% from close
Price Gap
+3.20
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Aug 7, 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
Aug 7, 2026 close
GOOGL Theta Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 24, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short strangles or call spreads
Invalidation: Break below $340 support or above $350 resistance
Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 spot 0.6% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
IV 42% vs VIX 18.6% - elevated, favoring premium sellers
Favorable?
Yes

Term structure: Steep contango from 0DTE to 2DTE (7% to 35%), then flattens; short-term opportunities

📈IV well above VIX; term structure supports near-term premium decay
⚠️Negative GEX -$37.6M could amplify moves; monitor spot near max pain $348

Pin Risk Assessment

Spot vs MP: At

GEX regime: Trending ($-37.6M)

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,503 (7.3% below spot)

OI concentrations: Max pain $348 (24Jun) with put floor $320 and call wall $400-$450; put OI 7.3% below spot

Verdict: Moderate pin risk; spot at $348 max pain makes ATM pin possible

Premium Opportunities

#1
Iron condor
Sell 2026-06-26 $340.00/$337.50 put wing and $347.50/$350.00 call wing
Sell put & call spreads around $340 support and $350 resistance
Credit: $1.41-$1.73
Max loss: $0.77
BE: 338.27 / 349.23
Mgmt: Close at 50% profit exit or before earnings
#2
Put credit spread
Sell 2026-06-26 $340.00/$337.50 put spread
Sell $340/$337.5 put spread to collect premium
Credit: $0.59-$0.72
Max loss: $1.78
BE: $339.28
Mgmt: Roll up if tested, close at 50% profit
#3
Call credit spread
Sell 2026-06-26 $347.50/$350.00 call spread
Sell $347.5/$350 call spread for premium
Credit: $0.83-$1.01
Max loss: $1.49
BE: $348.51
Mgmt: Close at 50% gain or roll if breached

Risk Alerts

!Elevated IV may compress quickly; size accordingly.
!Negative dealer gamma exposes to sharp moves.
How to Use These Reports
This theta reflects the market close on June 24, 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.