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GOOGL

Alphabet Inc.Close $337.39EOD only
Max Pain
$347.50
Next expiry Jun 29, 2026
Expected Move
±$3.73
1.1% from close
Price Gap
+10.11
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
4.5/10
Consensus signal
Published snapshot: Jun 26, 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 26, 2026 close
GOOGL Theta Report
Analysis based on market close June 29, 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 credit spreads
Invalidation: Break below $340 or above $374 resistance; spike in VIX above 20
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.0% from MP; +1 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV 41.4% vs VIX 17.6: elevated single-stock premium
Favorable?
Yes

Term structure: Near-term IV 32-33%, dip at 7DTE, then rise to 40%+; elevated versus historical

📈Bullish flow and long gamma support pinning
⚠️IV high relative to VIX; risk of IV crush

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+94.9M)

Gamma flip: ~$320.00 — Approx — based on put OI concentration of 17,574 (9.5% below spot)

OI concentrations: Call wall $400-450, put floor $320, max pain $340-348

Verdict: Significant pinning near $340-348; dealers long gamma pinning spot

Premium Opportunities

#1
Put credit spread
Sell 2026-07-31 $340.00/$330.00 put spread
Sell 340/330 put spread to capture premium from elevated IV while pinning provides support.
Credit: $3.08-$3.77
Max loss: $6.23
BE: $336.23
Mgmt: Exit if underlying breaks below $340 or spikes above $374; adjust if IV contracts.
#2
Iron condor
Sell 2026-07-31 $340.00/$330.00 put wing and $370.00/$375.00 call wing
Sell 340/330 puts and 370/375 calls to profit from range-bound price action.
Credit: $4.28-$5.23
Max loss: $4.77
BE: 334.77 / 375.23
Mgmt: Manage if price approaches either short strike; close if volatility spikes.

Risk Alerts

!Pinning risk to max pain $340-348
!Elevated IV may contract quickly
!Gamma flip at $320
!Near-term expiration uncertainty
How to Use These Reports
This theta reflects the market close on June 29, 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.