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GS

Goldman Sachs Group, Inc. (The)Close $1021.00EOD only

Max Pain

$1035.00

Next expiry Jul 10, 2026

Expected Move

±$37.20

3.6% from close

Price Gap

+14.00

Distance to max pain

IV Rank

Low premium

P/C OI

0.97

Balanced positioning

Consensus

4.0/10

Range bias

Published snapshot: Jul 2, 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

Jul 2, 2026 close

GS Theta Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Theta Verdict

Confidence:

4 / 10

base 5; -1 GEX/flow contradict; -0.5 spot 3.4% from MP; +0.5 VIX 18

IV Environment

IV Regime

Normal

IV vs VIX

Elevated; avg IV 44% vs VIX 18

Favorable?

Yes

Term structure: Front-end steep put skew; term structure flat to slight contango

⚠️IV rich vs VIX, but short gamma and trending regime pose risk

📊Front-week put skew extreme; put IV 56% vs call 49%

🔻Dealer short gamma ($-1.1M) and spot below max pain ($1055)

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-1.1M)

Gamma flip: ~$925.00 — Approx — based on put OI concentration of 2,735 (9.3% below spot)

OI concentrations: Calls $1150-1440; puts $700-925; max pain $1055 (0DTE) and $1050 (1w)

Verdict: Elevated pin risk near $1055 but spot at ~$1019 suggests put-side. Dealer hedging may amplify.

Premium Opportunities

Iron condor

Sell 2026-07-17 $1000.00/$995.00 put wing and $1060.00/$1080.00 call wing

Sell put and call wings to capture time decay with defined risk.

Credit: $6.01-$7.34

Max loss: $12.66

BE: 992.66 / 1067.34

Mgmt: Adjust wings if spot nears strikes.

Put credit spread

Sell 2026-07-17 $1000.00/$995.00 put spread

Sell put spread for credit, bullish bias.

Credit: $1.06-$1.29

Max loss: $3.71

BE: $998.71

Mgmt: Close at 50% profit or if spot falls below invalidation.

Call diagonal

Sell 2026-07-17 $1060.00 call / buy 2026-09-18 $1055.00 call

Sell short-term call, buy long-term call for time decay and upside exposure.

Debit: $28.96-$35.39

Max loss: $35.39

BE: Path-dependent

Mgmt: Roll short call if challenged.

Risk Alerts

!Short gamma environment

!Spot below max pain

!Elevated IV skew

How to Use These Reports

This theta reflects the market close on June 26, 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.