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GS

Goldman Sachs Group, Inc. (The)Close $1094.44EOD only
Max Pain
$1055.00
Next expiry Jun 26, 2026
Expected Move
±$30.88
2.8% from close
Price Gap
-39.44
Distance to max pain
IV Rank
9
Low premium
P/C OI
1.03
Balanced positioning
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 23, 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 23, 2026 close
GS Earnings Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

GS 100% beat rate and pinning gamma suggest bullish bias, but elevated put activity and IV caution.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19
Most important: 100% beat rate and gamma pinning vs heavy put skew.
📈GS 100% beat rate (5/5) supports bullish outlook.
⚠️High put/put activity at 840/950 suggests hedging.
💹Long-dated 1300/1400 calls reflect institutional bullishness.

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 (14.1% below spot)

Earnings Overview

Next earnings: 2026-07-14 (20 days)explicit

Expected moves:

  • 2026-06-26 (2d): ±$25.80 (2.4%)
  • 2026-07-02 (8d): ±$46.17 (4.3%)
  • 2026-07-10 (16d): ±$60.45 (5.6%)

IV Setup

Term structure: Upward sloping: 2d 2.4%, 8d 4.3%, 16d 5.6%.

Crush estimate: 20-30% post-earnings IV crush expected.

Skew: Notable put skew due to heavy bearish positioning.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Moves have been near expected ranges historically.

Directional bias: Bullish bias given 100% beat rate.

Key Levels

1$925.00 gamma flip
2EM guardrails: 2d $1051.11/$1102.71; 1w $1030.74/$1123.09
3Max pain pins: $1055 (2026-06-26); $1048 (2026-07-02); $1060 (2026-07-10)

Flow Highlights

Unusual put activity at $840 and $950 (vol/oi >6).

Bearish hedges or downside speculation.

Large call buys at $1300 and $1400 (long-dated).

Bullish long-term positioning.

Strategies

Bull Call Spread
Buy 2026-06-26 $1080.00/$1100.00 call spread
Debit: $6.01-$7.34
Max loss: $7.34
Max gain: $12.66
BE: $1087.34
Trigger: Exit at target or if invalidation level ($1055) breached.
Best risk/reward for bullish bias; limited loss, avoids IV crush risk.
Outperforms: Bullish play on 100% beat rate with defined risk.
Underperforms: Loss of support weakens upside continuation thesis.
Call Diagonal
Sell 2026-07-17 $1120.00 call / buy 2026-07-24 $1100.00 call
Debit: $10.58-$12.93
Max loss: $12.93
Max gain: Variable
BE: Path-dependent
Trigger: Monitor IV; close if underlying drops below $1055.
Exploits upward term structure; bullish bias + post-earnings IV crush.
Outperforms: Sell front-month call, buy back-month call to profit from vol decay and directional move.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long Straddle
Buy 2026-06-26 $1080.00 put + buy $1080.00 call
Debit: $23.20-$28.35
Max loss: $28.35
Max gain: Unlimited
BE: 1051.65 / 1108.35
Trigger: High IV crush risk; trim quickly post-earnings.
Captures outsized move; 100% beat rate supports big swings.
Outperforms: Buy call and put at same strike to profit from large post-earnings move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!IV crush post-earnings could punish long premium positions.
!Gamma flip at $925 if spot drops (put wall).
!Market downside (SPY -0.05%) may add pressure.

What to Watch

?Max pain at $1055 (2d) and $1048 (1w).
?Gamma flip level $925 (put concentration).
?Earnings date catalyst on July 14.
How to Use These Reports
This earnings reflects the market close on June 24, 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.