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GS

Goldman Sachs Group, Inc. (The)Close $1076.91EOD only

Max Pain

$1055.00

Next expiry Jun 26, 2026

Expected Move

±$25.80

2.4% from close

Price Gap

-21.91

Distance to max pain

IV Rank

Low premium

P/C OI

1.02

Balanced positioning

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 24, 2026 close

End-of-day snapshot

This page reflects GS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 24, 2026 close

GS Directional Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

GS shows neutral-to-bullish pinning near $1060 with strong dealer gamma (+$5.4M) and DEX (+9.8M). Vol normal, flow mixed. Upside resistance $1100, support $1060. Limited near-term movement but slight upward drift expected within ranges. Over 2 weeks gradual appreciation toward $1120.

Confidence:

9 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; +1 spot 0.5% from MP; +0.5 VIX 19. Composite 9.0 reflects strong dealer-structure alignment.

Supports: Dealer gamma positive, DEX long, spot at max pain, normal vol, VIX 19.
Conflicts: Flow mixed, upside resistance $1100, gamma flip at $925 distant.

📌Pinning at $1060 max pain for multiple expiries

🛡️GEX +$5.4M provides downside support

📉Resistance $1100 caps immediate upside

📐2d range $1047-$1083, pinning likely

Regime Classification

Vol Regime

Normal

Normal vol; IV in typical range, VIX 19 stable.

Gamma Regime

Pinning

Pinning gamma with GEX +$5.4M; spot within 0.5% of $1060 MP, strong magnetic effect.

Flow Regime

Mixed

Mixed flow; net premium not extreme, no strong directional conviction.

Spot vs Max Pain

Spot at $1060 max pain for this and next week; pinning likely near-term.

Thesis duration: Event-specific — Max pain $1060 on 2026-06-26 expiry dominates; dealer positioning supports pinning through expiration.

Price Range Forecast

Next 2 days

$1046.81$1083.36

Pinned near $1060; slight drift within $1047-$1083.

Next 1 week

$1023.84$1106.34

Expanded range allows drift toward $1080-$1100.

Next 2 weeks

$1010.14$1120.04

Toward $1120 resist, supported by dealer positioning.

Key Levels

Max pain pins: $1060 (2026-06-26); $1048 (2026-07-02); $1060 (2026-07-10)

EM guardrails: 2d $1046.81/$1083.36; 1w $1023.84/$1106.34

Support: $1060.00 · $1010.14

Resistance: $1100.00 · $1120.04 · $1150.00

Gamma flip: ~$925.00 — Approx — based on put OI concentration of 2,735 (13.2% below spot)

Structural: Support: $1060 (max pain), $1010 (2w low). Resistance: $1100, $1120, $1150. Gamma flip ~$925.

Dealer Positioning (GEX/DEX)

GEX: $+5.4M

DEX: +9.8M shares

Gamma flip: ~$925 (Approx — based on put OI concentration of 2,735 (13.2% below spot))

NTM gamma: GEX +$5.4M positive, DEX +9.8M long. Gamma flip at ~$925 (put-heavy).

IV Analysis

IV vs VIX: GS IV normal vs VIX 19; not rich/cheap, stable.

Term structure: Upward sloping, event kinks at weekly expiries; near-term contango.

Skew: Skew balanced; no clear vol trade. Premium selling if pinning holds.

Flow Analysis

Net premium: Net premium positive ($162.5M) with P/C vol ratio 1.14, indicating net put buying outweighing calls.

Directional prints: 35.4 put 1047.5 OTM 2026-06-26 — Vol/OI 1.9x, high volume. Likely bought as bearish directional put or hedge. Preferred read: bearish put buying. 36 call 1300 OTM 2027-03-19 — Vol/OI 2.3x, long-dated OTM. Likely bought as bullish long-term bet. Preferred read: bullish call buying.

Unusual: 36 call 1300 OTM 2027-03-19 — Vol/OI 2.3x, high IV 36%. Unusual long-dated call activity. Likely bought for upside. 35.4 put 1047.5 OTM 2026-06-26 — Vol/OI 1.9x, moderate IV. Unusual near-term put volume. Likely bought for downside. 151.6 put 750 OTM 2026-06-26 — Vol/OI 1.8x, extreme IV 151.6%. Unusual distressed or speculative put activity. Likely bought.

Risks & Catalysts

!Upside: breakout above $1100 if flow turns bullish.

!Downside: break of $1060 support on negative catalyst.

!Gamma flip at $925 if severe selloff.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-07-17 $1080.00/$1120.00 call spread Why now: Dealer gamma and DEX support $1060; resistance at $1100. Bull call spread profits on moderate upside without paying high premium.	Stock declines below $1060; max loss is net debit. Break-even at lower strike + debit.
Put credit spread	Moderate	Sell 2026-07-17 $1000.00/$970.00 put spread Why now: High probability of holding above $1060 over next 2 weeks. Put credit spread tailors risk/reward.	Stock breaks below short put strike; max loss is spread width minus credit. Liquidity constraints: long_put: Volume below 5.
Long call	Moderate-Weak	Buy 2026-07-24 $1120.00 call Why now: Thesis expects gradual appreciation; long call captures convexity with low capital at risk.	Time decay and volatility crush if stock stays flat; max loss is premium paid. Liquidity constraints: long_call: Open interest below 25.

Top Plays

Bull Call Spread

Buy 2026-07-17 $1080.00/$1120.00 call spread

Buy $1080/$1120 call spread, profits on moderate rise.

Why this play: Best fit for neutral-bullish thesis; liquidity pass, defined risk, captures upside to $1120.

Debit: $13.30-$16.25

Max loss: $16.25

BE: $1096.25

Mgmt: Exit if GS breaks $1060 support.

Traders expecting gradual appreciation with defined risk.

Long Call

Buy 2026-07-24 $1120.00 call

Buy $1120 call, unlimited gain potential on strong upward breakout.

Why this play: Convexity on upside; higher reward but liquidity fail; suitable if confident in $1120+ move.

Debit: $19.12-$23.38

Max loss: $23.38

BE: $1143.38

Mgmt: Set stop-loss below $1060; consider rolling if near expiration. Liquidity warning: Liquidity constraints: long_call: Open interest below 25.

Aggressive traders with higher risk tolerance.

Put Credit Spread

Sell 2026-07-17 $1000.00/$970.00 put spread

Sell $1000/$970 put spread, profits if GS stays above $1000.

Why this play: High probability but bearish bias contradicts thesis; liquidity fail reduces viability.

Credit: $5.54-$6.77

Max loss: $23.23

BE: $993.23

Mgmt: Monitor $1060 support; close if breached. Liquidity warning: Liquidity constraints: long_put: Volume below 5.

Conservative traders seeking high win rate despite bearish tilt.

Watchlist Triggers

Entry Triggers

IFIF GS holds above $1060 and shows bullish momentum (e.g., bounce from $1060 support) within next 2 weeks → THEN enter bull call spread: Buy 2026-07-17 $1080/$1120 call spread at debit between $13.30 and $16.25

Exit Triggers

EXITIF GS breaks below $1060 (invalidation level) on a daily close → THEN exit bull call spread immediately to limit loss to max of $16.25

Tactical Summary

Neutral-to-bullish pinning near $1060, supported by dealer gamma and DEX. Upside resistance $1100-$1120. Top play: bull call spread (rank 1, liquid) targeting moderate rise. Invalidation at $1060; if broken, exit. Avoid put credit spread (liquidity fail, bearish bias) and long call (low liquidity). Gradual drift expected toward $1120 over 2 weeks.

How to Use These Reports

This directional 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.