GOOG Options History — February 2008

In February 2008, GOOG traded between $11.59 and $13.35. ATM implied volatility averaged 35.4%, placing in the 47.0% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 14.5% (HV 20d: 49.8%). Max pain ranged from $12.24 to $14.49. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.11.

Notable Days

  • 2008-02-26: Highest Volume — 10,468,240 contracts
  • 2008-02-19: Largest IV spike — 17.5% change
  • 2008-02-04: Highest IV Rank — 68.5%
  • 2008-02-06: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.58$11.59$13.35$12.88$11.77
Max Pain$13.51$12.24$14.49$14.24$12.24
ATM IV35.4%28.8%44.1%40.1%35.1%
Expected Move10.2%8.3%11.6%11.5%10.1%
HV 20d49.8%44.0%52.3%50.8%47.1%
HV 60d39.2%37.7%42.3%41.6%39.0%
IV Rank47.0%31.0%68.5%58.7%46.3%
IV Percentile79.5%56.0%95.2%92.5%80.2%
Term Structure3.4%-0.3%5.9%-0.3%5.4%
VWIV35.5%28.9%40.8%40.6%35.0%
Skew 25d3.8%1.6%4.9%1.6%2.2%
Skew 10d7.0%3.0%10.0%3.3%3.7%
Call IV 25d33.9%27.0%39.9%39.9%34.1%
Put IV 25d37.7%31.4%43.1%41.5%36.3%
Bid-Ask Spread %12.065.2419.438.666.09
Gamma HHI0.060.040.200.050.05
Net GEX34.0M-24.2M132.9M-7.0M13.4M
Net DEX1.11B-695.0M3.05B2.58B935.0M
Net VEX-30.0M-32.1M-25.4M-31.3M-30.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.552.230.670.70
Total Volume5,038,1522,070,24010,468,2409,400,5404,497,180
Total OI21,258,06116,365,18025,060,40021,722,46020,356,700

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-02-01$12.88$14.2440.1%11.5%50.8%58.7%40.6%1.6%-0.3%-7.0M2.58B-31.3M0.678.665,628,1403,772,40013,958,9407,763,520
2008-02-04$12.37$14.4944.1%11.5%50.6%68.5%40.3%2.5%0.8%-14.2M3.05B-29.3M1.0012.183,409,0803,410,84014,697,8807,750,020
2008-02-05$12.66$13.9940.5%11.4%52.3%59.5%40.4%4.0%1.3%20.8M1.96B-31.5M1.2615.862,831,8603,563,96015,286,6807,741,300
2008-02-06$12.53$13.9941.6%11.6%52.0%62.2%40.8%4.5%1.5%12.2M2.06B-31.2M1.1816.651,504,1801,778,78015,651,4807,837,220
2008-02-07$12.61$13.9939.2%11.4%49.7%56.4%39.2%4.5%1.7%15.1M1.87B-31.3M0.8814.412,149,7401,902,22015,797,1807,916,740
2008-02-08$12.90$13.7434.5%10.8%51.3%44.9%37.8%4.7%2.2%72.1M871.7M-32.1M0.9616.742,191,8602,110,90016,227,5807,908,540
2008-02-11$13.02$13.7436.0%10.6%51.8%48.6%36.8%4.9%1.9%82.5M550.3M-32.0M0.9518.041,632,2801,544,42016,314,2207,975,600
2008-02-12$12.94$13.7434.8%10.2%50.2%45.5%35.1%4.1%2.3%78.2M730.2M-31.3M2.2319.432,099,2204,679,44016,458,2407,978,100
2008-02-13$13.35$13.7430.5%9.4%52.2%35.1%33.5%4.6%3.4%132.9M-695.0M-32.0M1.0714.472,623,1802,814,14016,455,0007,875,380
2008-02-14$13.29$13.7430.1%8.6%51.3%34.0%29.8%4.7%4.9%101.6M-403.3M-31.2M0.6618.463,003,0401,977,18016,579,0808,209,760
2008-02-15$13.23$13.7428.8%8.3%50.9%31.0%28.9%4.4%5.6%98.6M73.7M-30.6M0.9616.622,358,4002,255,86016,771,8008,288,600
2008-02-19$12.71$13.7433.9%9.7%52.2%43.4%33.1%4.6%3.8%14.6M1.04B-28.1M2.189.071,958,8804,264,50010,438,4605,926,720
2008-02-20$12.71$13.4934.0%9.8%51.8%43.7%34.2%4.9%4.7%23.3M730.9M-29.2M1.167.011,486,4001,729,28010,877,3405,970,960
2008-02-21$12.56$13.4933.6%9.6%47.5%42.6%33.2%4.4%5.2%14.5M987.9M-29.0M2.0112.081,214,6202,445,92011,049,3206,206,240
2008-02-22$12.68$13.2431.3%9.0%44.0%37.0%31.6%4.7%5.9%24.0M521.1M-29.3M0.6511.371,255,460814,78011,268,2206,124,840
2008-02-25$12.15$12.9935.4%10.1%45.8%47.0%35.0%3.0%3.8%-5.5M1.35B-27.3M0.856.471,930,9201,635,68011,459,1206,153,140
2008-02-26$11.59$12.9935.6%10.2%47.8%47.6%35.8%1.7%4.8%-24.2M2.12B-25.4M1.286.384,592,4205,875,82011,856,8806,242,000
2008-02-27$11.81$12.4934.1%9.8%48.7%43.9%34.4%2.5%4.9%10.7M989.8M-28.9M1.045.952,343,6202,435,40013,082,7006,666,860
2008-02-28$11.87$12.4934.0%9.8%48.9%43.7%34.2%2.9%5.3%16.5M785.8M-29.5M0.555.241,958,2401,082,80013,266,7006,772,160
2008-02-29$11.77$12.2435.1%10.1%47.1%46.3%35.0%2.2%5.4%13.4M935.0M-30.0M0.706.092,652,9401,844,24013,450,4006,906,300