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GS

Goldman Sachs Group, Inc. (The)Close $1039.61EOD only
Max Pain
$1050.00
Next expiry Aug 14, 2026
Expected Move
±$34.38
3.3% from close
Price Gap
+10.39
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
1.08
Balanced positioning
Consensus
4.0/10
Range bias
Published snapshot: Aug 7, 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
Aug 7, 2026 close
GS Theta Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 23, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Short Put Spreads
Invalidation: Break below $1055 or above $1100
Confidence:
6 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.7% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
IV 39.8% vs VIX 19.5%, rich premium
Favorable?
Yes

Term structure: Front-end elevated (37.8% at 3DTE), dips to 33.9% at 17DTE, then rises

📈IV well above VIX, rich selling opportunity

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+10.5M)

Gamma flip: ~$925.00 — Approx — based on put OI concentration of 2,735 (15.5% below spot)

OI concentrations: Put floor $700-$925 (2,735 OI), call wall $1200-$1440, max pain pins $1055/$1045/$1070

Verdict: Spot near $1055-$1070 zone, positive GEX suggests pinning toward max pain, elevated pin risk

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $1040.00/$995.00 put spread
Sells OTM put spread to collect premium with defined risk, targeting spot pinning near support.
Credit: $7.94-$9.71
Max loss: $35.29
BE: $1030.29
Mgmt: Manage near $1055 invalidation; close at 50% max gain or if spot breaks below $1055. Liquidity warning: Liquidity constraints: long_put: Volume below 5.
#2
Call credit spread
Sell 2026-07-17 $1140.00/$1220.00 call spread
Sells OTM call spread to collect premium, targeting limited upside and time decay.
Credit: $14.06-$17.19
Max loss: $62.81
BE: $1157.19
Mgmt: Manage near $1100 invalidation; close at 50% max gain or if spot rallies above $1100.

Risk Alerts

!Spot above max pain; watch for pin to $1055
!High put IV skew indicates tail risk
How to Use These Reports
This theta 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.