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GOOGL

Alphabet Inc.Close $345.29EOD only
Max Pain
$352.50
Next expiry Jun 26, 2026
Expected Move
±$8.55
2.5% from close
Price Gap
+7.21
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 24, 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 24, 2026 close
GOOGL Theta Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short Put Spreads
Invalidation: Break below $320 support
Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +0.5 spot 1.8% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 43.5% vs VIX 18.9%: elevated, favorable for sellers.
Favorable?
Yes

Term structure: Near-term contango, longer-dated elevated.

📊GEX -$27.2M: dealers short gamma, may amplify moves.
🎯Max pain pin at $350 for multiple expirations.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-27.2M)

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,486 (6.9% below spot)

OI concentrations: Heavy OI at $350 call and $320 put; max pain $350.

Verdict: High probability of pin at $350 initially; but spot below $350 could drift to $320 put wall.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $330.00/$320.00 put spread
Sell $330/$320 put spread for defined risk; elevated IV and pin verdict favor sellers.
Credit: $2.36-$2.89
Max loss: $7.11
BE: $327.11
Mgmt: Exit at 50% max gain or near $350 pin; monitor for break below $330.
#2
Cash-secured put
Sell 2026-07-24 $320.00 cash-secured put
Sell $320 put for high premium; potential assignment to buy GOOGL at discount.
Credit: $4.03-$4.92
Max loss: $315.08
BE: $315.08
Mgmt: Roll upon approaching $320 or expiration.

Risk Alerts

!Negative dealer gamma ($-27.2M) suggests potential for sharp moves.
!Spot below max pain $350; initial pin at $350, but drift to $320 wall possible if break.
How to Use These Reports
This theta reflects the market close on June 25, 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.