thetaOwl
HomeOptionsGSReports

GS

Goldman Sachs Group, Inc. (The)Close $1106.37EOD only
Max Pain
$1050.00
Next expiry Jun 26, 2026
Expected Move
±$32.65
3.0% from close
Price Gap
-56.37
Distance to max pain
IV Rank
6
Low premium
P/C OI
1.03
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 22, 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 22, 2026 close
GS Earnings Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GS setup bullish with strong beat rate, positive flow, elevated IV; spot above max pain.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.7% from MP; +0.5 VIX 19
Most important: 100% beat rate; heavy call buying confirms bullish positioning.
📈Call buying into 2027 - bullish outlook
⚠️OTM put spike suggests caution

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$925.00 — Approx — based on put OI concentration of 2,735 (15.5% below spot)

Earnings Overview

Next earnings: 2026-07-14 (21 days)explicit

Expected moves:

  • 2026-06-26 (3d): ±$30.88 (2.8%)
  • 2026-07-02 (9d): ±$47.65 (4.4%)
  • 2026-07-10 (17d): ±$62.05 (5.7%)

IV Setup

Term structure: Front-end IV elevated ahead of earnings; long-dated elevated by call buying.

Crush estimate: Sharp crush post-earnings, ~50-60%.

Skew: Call skew steep; back-month calls active.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: 100% beat rate suggests upside bias.

Directional bias: Bullish

Key Levels

1$925.00 gamma flip
2EM guardrails: 2d $1063.56/$1125.31; 1w $1046.79/$1142.09
3Max pain pins: $1055 (2026-06-26); $1045 (2026-07-02); $1070 (2026-07-10)

Flow Highlights

Large institutional buy of 2026-12-18 $1400 Call (2.4x OI)

Bullish long-dated sentiment.

Strategies

Bull Call Spread
Buy 2026-07-17 $1100.00/$1140.00 call spread
Debit: $16.24-$19.85
Max loss: $19.85
Max gain: $20.15
BE: $1119.85
Trigger: Exit if GS drops below $1055 support; take profit near $1140 cap.
Aligned with strong bullish bias and 100% beat rate; defined risk limits downside.
Outperforms: Bullish call spread leverages call buying while mitigating IV crush cost.
Underperforms: Loss of support weakens upside continuation thesis.
Iron Condor
Sell 2026-07-17 $1040.00/$1020.00 put wing and $1160.00/$1180.00 call wing
Credit: $8.32-$10.17
Max loss: $9.83
Max gain: $10.17
BE: 1029.83 / 1170.17
Trigger: Close if GS breaks $1040 or $1160; monitor for IV expansion.
Captures elevated IV crush if stock remains range-bound; defined risk suits earnings.
Outperforms: Non-directional play profits from IV contraction within expected range.
Underperforms: Move outside short strikes invalidates range thesis.
Long Straddle
Buy 2026-07-17 $1100.00 put + buy $1100.00 call
Debit: $72.27-$88.33
Max loss: $88.33
Max gain: Unlimited
BE: 1011.67 / 1188.33
Trigger: Hedge if move exceeds 2%; beware IV crush reducing position value.
High IV and strong beat rate suggest possible large move; unlimited upside.
Outperforms: Directionally agnostic play betting on volatility beyond implied move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Call diagonal
Sell 2026-07-17 $1160.00 call / buy 2026-08-21 $1110.00 call
Debit: $34.65-$42.35
Max loss: $42.35
Max gain: Variable
BE: Path-dependent
Term structure favors short front-end IV; bullish bias retained via long back-month call.
Outperforms: Sell near-term elevated call vol, buy back-month call to maintain upside exposure through earnings.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Post-earnings IV crush
!Spot above max pain may attract selling
!Unusual OTM put activity signals hedging

What to Watch

?Hold above $1055 support
?Call resistance at $1200
?IV expansion into earnings
How to Use These Reports
This earnings reflects the market close on June 23, 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.