Communication Services

Alphabet Inc (GOOGL) options and signal

Figures as of 28 Sep 2026

GOOGL is Alphabet Inc, a Communication Services name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
Trade Card	Iron condor, 30 Oct	25 Sep
IV rank	94 of 100	28 Sep
At the money IV	36.7%	28 Sep
Priced move to 30 Oct	10.3% down, 11.1% up	28 Sep
Call wall and put wall	350 and 340	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	342.75	28 Sep
Next report	28 Oct 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for GOOGL was an iron condor expiring 30 Oct 2026, paper trading.

Figure	Value
Signal	Neutral
Strategy	Iron condor, credit
Legs	Buy the 275 put, Sell the 305 put, Sell the 390 call, Buy the 435 call
Expiry	30 Oct 2026, 35 days to expiry
Limit	A credit of at least $4.55
Probability of profit	74%, the option market's odds at expiry, from delta
Max loss	$4,045 per contract
Max profit	$455 per contract
Breakeven	300.45 and 394.55
IV rank at that expiry	91 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Options Snapshot

GOOGL's IV rank is 94 of 100 on 28 Sep 2026.

Figure	Value
IV rank	94 of 100
At the money IV	36.7%, near month, 32 days
Put/call ratio, open interest	0.57
Call open interest, strikes captured near the price	764,000 contracts
Put open interest, strikes captured near the price	436,000 contracts
Cost to trade at the money	Tight, 8.6% of the option's mid price

IV rank is where the at the money IV sits among GOOGL's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, GOOGL options priced a move of 10.3 percent down and 11.1 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
30 Sep 2026	2	2.6%	2.4%	334.00 to 350.88
2 Oct 2026	4	3.5%	3.5%	330.75 to 354.85
7 Oct 2026	9	4.9%	4.9%	325.95 to 359.65
16 Oct 2026	18	6.6%	6.9%	320.05 to 366.25
23 Oct 2026	25	7.9%	8.3%	315.65 to 371.15
30 Oct 2026	32	10.3%	11.1%	307.45 to 380.65
18 Dec 2026	81	15.2%	16.9%	290.75 to 400.65

The range is one standard deviation either side of the close of 342.75, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, GOOGL's call wall is the 350 strike and its put wall is the 340 strike.

Figure	Value
Call wall, most open call gamma	350
Put wall, most open put gamma	340
Flip strike, where net gamma changes sign	342.15
Net dollar gamma, calls minus puts	$283.94 million
Total dollar gamma, both sides	$1.15 billion
Close	342.75

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, GOOGL's at the money IV is 36.7 percent against 20 day realized volatility of 26.7 percent.

Figure	Value
At the money IV	36.7%
Realized volatility, 20 trading days	26.7%
Realized volatility, 60 trading days	34.9%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	645, from 26 Nov 2010
Weeks the price moved more than the one week priced move	32.9% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, GOOGL's at the money IV runs from 29.1 percent at 2 days to 35.3 percent at 81 days.

Days to expiry	At the money IV
2	29.1%
4	31.6%
7	32.1%
11	31.2%
18	30.6%
32	36.7%
39	37.1%
81	35.3%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, GOOGL's IV ten percent below the price sits 4.2 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	40.9%	+4.2 points
At the money	36.7%	0.0 points
10% above the price	36.6%	-0.1 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, GOOGL's surface spans 11 expiries out to 81 days, with IV from 29.2 to 44.8 percent near the price.

Figure	Value
Expiries captured	11
Nearest expiry	30 Sep 2026, 2 days
Farthest expiry	18 Dec 2026, 81 days
Points within 10% of the price, 7 days out or more	165
Lowest IV among them	29.2%
Highest IV among them	44.8%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, GOOGL has 11 captured expiries, from 30 Sep 2026 to 18 Dec 2026.

Expiry	Days	At the money IV	Call open interest	Put open interest
30 Sep 2026	2	29.1%	11,914	9,240
2 Oct 2026	4	31.6%	87,289	37,723
5 Oct 2026	7	32.1%	5,986	1,412
7 Oct 2026	9	33.2%	353	132
9 Oct 2026	11	31.2%	26,288	14,079
16 Oct 2026	18	30.6%	258,909	120,545
23 Oct 2026	25	31.7%	17,524	21,867
30 Oct 2026	32	36.7%	16,648	27,507
6 Nov 2026	39	37.1%	479	1,275
18 Dec 2026	81	35.3%	181,228	106,637

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, GOOGL's largest open interest sits at the 370 strike, with 87,329 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
370	83,744	3,585	87,329
375	81,859	1,891	83,750
350	46,372	29,584	75,956
400	57,784	4,463	62,247
360	47,847	9,367	57,214
300	20,656	31,273	51,929

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, GOOGL's at the money IV moved from 30.0 percent to 36.7 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	30.0%	36.7%	+6.7 points
Open interest, strikes captured near the price	1.18 million	1.2 million	+17,918
Put/call ratio, open interest	0.56	0.57	+0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 397,058 GOOGL option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	305,343
Puts traded	91,715
Against its recent average	0.8 times
Busier than	12 of its last 20 trading days
Open interest, whole chain	2.73 million contracts
Volume to open interest	0.15
Unusual volume flag	Yes, 24 contracts traded well above open interest
Largest flagged contract	The 355 call expiring 20 Nov, 28,261 traded against 1,873 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of GOOGL's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	343.80	minus $69.71 million	350	350
21 Sep 2026	354.97	$488.74 million	370	345
28 Sep 2026	342.75	$283.94 million	350	340

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of GOOGL was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	349.91, the swing high of 14 Sep 2026
Level below the close	340.64, the swing low of 16 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 GOOGL sat at the 26th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	39 of 100	Neutral
20 trading days	79 of 100	Neutral
45 trading days	26 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 GOOGL's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 GOOGL had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	26 of 100
24 Sep 2026	None	24 of 100
23 Sep 2026	None	9 of 100
22 Sep 2026	None	9 of 100
21 Sep 2026	None	30 of 100
18 Sep 2026	None	35 of 100
17 Sep 2026	None	59 of 100
16 Sep 2026	None	13 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 10 of 37 Communication Services names were bullish and 12 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Communication Services	37	10	12	15

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

GOOGL closed at 342.75 on 28 Sep 2026.

Figure	Value
Last close	342.75
Change over 5 trading days	-3.4%
Change over 21 trading days	+0.6%
Change over 63 trading days	-3.1%
Change over 252 trading days	+39.4%
52 week high	408.61
52 week low	235.84
20 day moving average	341.98
50 day moving average	344.21
200 day moving average	338.34
RSI, 14 days	49

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

GOOGL reports next on 28 Oct 2026, and options priced an earnings move of 8.6 percent through 30 Oct 2026.

Figure	Value
Next report	28 Oct 2026, after the close
Date	Confirmed by the company
Priced earnings move	8.6%, a straddle of $29.32 at the 345 strike, expiring 30 Oct 2026
Move after the report of 26 Apr 2026	+1.7%
Move after the report of 24 Jan 2026	+1.6%
Move after the report of 24 Apr 2025	+1.7%
Move after the report of 4 Feb 2025	-7.3%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Public Filings

The filings the desk holds carry 1 recent trade in GOOGL shares.

Filed	Who	Trade	Size
12 Sep 2026	. Thomas H. Kean, member of Congress	Sold part	$1,001 to $15,000

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

Filings as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 34.8 percent of GOOGL's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	34.8%
Five day average	37.9%
52 week median	35.8%
Short interest, share of shares outstanding	0.7% at the 15 Sep 2026 settlement
Days to cover	3.5

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 21 Septembers on record, GOOGL's average change was plus 1.6 percent, and it rose in 61.9 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.6%	+1.8%	61.9%	21
October	+8.7%	+9.2%	72.7%	22
November	+1.1%	+1.8%	63.6%	22

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 8 headlines naming GOOGL in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	8
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is GOOGL's IV rank?: GOOGL's IV rank is 94 of 100 on 28 Sep 2026.
What move are GOOGL options pricing?: On 28 Sep 2026, GOOGL options priced a move of 10.3 percent down and 11.1 percent up by 30 Oct 2026.
Where are GOOGL's call wall and put wall?: On 28 Sep 2026, GOOGL's call wall is the 350 strike and its put wall is the 340 strike.
What was the latest Trade Card for GOOGL on the Free plan?: On 25 Sep 2026 the Trade Card for GOOGL was an iron condor expiring 30 Oct 2026, paper trading.
When does GOOGL report earnings next?: GOOGL reports next on 28 Oct 2026, and options priced an earnings move of 8.6 percent through 30 Oct 2026.

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