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GS

Goldman Sachs Group, Inc. (The)Close $896.09EOD only
Max Pain
$905.00
Next expiry Nov 6, 2026
Expected Move
±$31.15
3.5% from close
Price Gap
+8.91
Distance to max pain
IV Rank
8
Low premium
P/C OI
1.01
Balanced positioning
Consensus
4.0/10
Range bias
Published snapshot: Nov 3, 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
Nov 3, 2026 close
GS Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 18, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Put Credit Spread
Invalidation: Spot < 925 or > 1148
Confidence:
6 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.7% from MP; +1 VIX 16

IV Environment

IV Regime
Normal
IV vs VIX
IV 43.5% vs VIX 16.4% - highly elevated
Favorable?
Yes

Term structure: 0DTE spike; rest flat contango 32-38%

⚠️Put IV 62.7% (8DTE) signals fear; bullish flow $+23.8M GEX offsets
📍Max pain $1000; spot above, pinning active

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+23.8M)

Gamma flip: ~$925.00 — Approx — based on put OI concentration of 2,735 (15.6% below spot)

OI concentrations: Max pain $1000; also $1040, $1035; put floor $600-$925; call wall $1300-$1440

Verdict: High pin risk near $1000; bearish if spot pulls back

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $1080.00/$1060.00 put spread
Sells put spread to collect premium with defined risk, benefiting from volatility contraction.
Credit: $6.98-$8.53
Max loss: $11.47
BE: $1071.47
Mgmt: Close at 50% max gain or if spot approaches short strike; monitor earnings.
#2
Iron condor
Sell 2026-07-17 $1080.00/$1060.00 put wing and $1120.00/$1140.00 call wing
Non-directional play capitalizing on high IV and expected post-earnings range contraction.
Credit: $14.18-$17.33
Max loss: $2.67
BE: 1062.67 / 1137.33
Mgmt: Manage at 21 DTE; close if wings tested.

Risk Alerts

!Spot 9.7% above max pain
!Negative gamma below $925
!High put skew suggests hedging
How to Use These Reports
This theta 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.