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GS

Goldman Sachs Group, Inc. (The)Close $1096.56EOD only
Max Pain
$1040.00
Next expiry Jun 26, 2026
Expected Move
±$39.33
3.6% from close
Price Gap
-56.56
Distance to max pain
IV Rank
100
High premium
P/C OI
1.11
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
GS Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GS strong beat rate, bullish flow, pinning gamma; earnings 26d out, spot above MP, caution warranted.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.7% from MP; +1 VIX 16
Most important: Expected move ±5.9% at 22d; watch $1000-$1040 pinning and $1100 put activity.
📈GS beaten estimates 5 straight quarters (100%).
⚠️Spot 9.7% above max pain; gamma pinning $1000-$1040.
💰Net premium $547M; heavy call volume (P/C vol 0.72).
🔍Unusual $1100 put (805 vol vs 225 OI) suggests hedging.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$925.00 — Approx — based on put OI concentration of 2,735 (15.6% below spot)

Earnings Overview

Next earnings: 2026-07-14 (26 days)explicit

Expected moves:

  • 2026-06-26 (8d): ±$39.33 (3.6%)
  • 2026-07-02 (14d): ±$52.23 (4.8%)
  • 2026-07-10 (22d): ±$64.15 (5.9%)

IV Setup

Term structure: Front-end elevated: 8d ±3.6%, 14d ±4.8%, 22d ±5.9%.

Crush estimate: 30-50% crush post-earnings.

Skew: Put skew elevated; gamma pinning near $1000-$1040.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: 100% beat rate last 5 qtrs; actual moves not provided.

Directional bias: No clear historical directional bias from data.

Key Levels

1$925.00 gamma flip
2EM guardrails: 1w $1057.24/$1135.89
3Max pain pins: $1000 (2026-06-18); $1040 (2026-06-26); $1035 (2026-07-02)

Flow Highlights

Large put activity at $1100 (805 vol vs 225 OI).

Likely hedging or bearish bet.

Call buying at $1115 and $1110 with high IV.

Speculative call buying ahead of earnings.

Long-dated calls at $1300 and $1430.

Bullish structural bet on long-term upside.

Strategies

Call Calendar
Sell 2026-07-10 $1100.00 call / buy 2026-07-17 $1100.00 call
Debit: $8.10-$9.90
Max loss: $9.90
Max gain: Variable
BE: Path-dependent
Trigger: Monitor invalidation $1044; close if breached.
Front-end vol rich, back-month less impacted; profits from vol crush.
Outperforms: Sell front call, buy back call to capture term structure decay.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-07-10 $1055.00 put + sell $1130.00 call
Credit: $31.21-$38.14
Max loss: Unlimited
Max gain: $38.14
BE: 1016.86 / 1168.14
Trigger: Wide strikes; no liquidity pass, so manage unwind manually. Liquidity warning: Liquidity constraints: short_call: Volume below 5.; short_put: Open interest below 25.
Elevated IV and high beat rate priced in; wide strikes manage pinning.
Outperforms: Sell OTM put and call to collect premium from time decay.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Gamma pinning near $1000-$1040 may cap moves.
!Spot 9.7% above max pain risks pullback.
!Earnings 26d out; time decay and vol crush thereafter.
!High beat rate may be priced in, limiting surprise upside.

What to Watch

?Earnings 2026-07-14.
?Expected moves grow from ±3.6% to ±5.9%.
?Unusual $1100 put and $1115 call activity.
?Support $1044, resistance $1100.
?Confidence base 8/10.
How to Use These Reports
This earnings reflects the market close on June 18, 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.