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GOOGL

Alphabet Inc.Close $357.52EOD only
Max Pain
$352.50
Next expiry Aug 12, 2026
Expected Move
±$6.62
1.9% from close
Price Gap
-5.02
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Aug 10, 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 10, 2026 close
GOOGL Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 26, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness5 / 10
Sizing: Moderate
Primary: Put Credit Spreads
Invalidation: Spot breaks below $320 gamma flip support
Confidence:
4 / 10
base 5; -1 GEX/flow contradict; -0.5 spot 3.6% from MP; +0.5 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV 45.7% vs VIX 18.4 shows elevated premiums
Favorable?
Yes

Term structure: Extreme near-term skew (0DTE put IV 90%) and hump at 35d; forward curve upward then flattens.

📈Near-term put skew extreme, may offer premium

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-35.1M)

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,546 (5.2% below spot)

OI concentrations: Max pain $350; put OI $320 (17.5K); call wall $400-$450

Verdict: Spot below max pain; bullish flow and put OI tilt pin risk upward.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $320.00/$315.00 put spread
Sell $320/$315 put spread 28 DTE after earnings for premium decay.
Credit: $1.22-$1.49
Max loss: $3.51
BE: $318.51
Mgmt: Set stop at $320; close at 50% max profit or near expiration.
#2
Cash-secured put
Sell 2026-07-24 $320.00 cash-secured put
Sell $320 cash-secured put 28 DTE to collect elevated premium with bullish outlook.
Credit: $4.91-$6.00
Max loss: $314.00
BE: $314.00
Mgmt: Monitor gamma flip at $320; roll down if price approaches or close before earnings.

Risk Alerts

!Negative dealer gamma (-$35.1M) adds instability near 0DTE
!Gamma flip at $320; break could accelerate moves
How to Use These Reports
This theta reflects the market close on June 26, 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.