GOOG Options History — June 2008

In June 2008, GOOG traded between $13.15 and $14.64. ATM implied volatility averaged 36.9%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 5.3% (HV 20d: 31.6%). Max pain ranged from $13.74 to $14.49. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2008-06-20: Highest Volume — 5,920,040 contracts
2008-06-12: Largest IV spike — 22.5% change
2008-06-30: Highest IV Rank — 68.2%
2008-06-30: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.89	$13.15	$14.64	$14.36	$13.15
Max Pain	$14.08	$13.74	$14.49	$13.74	$13.74
ATM IV	36.9%	27.4%	44.8%	28.7%	44.8%
Expected Move	11.0%	7.8%	12.8%	8.2%	12.8%
HV 20d	31.6%	28.8%	34.5%	30.9%	28.8%
HV 60d	51.0%	48.4%	53.8%	53.7%	48.4%
IV Rank	49.6%	27.4%	68.2%	30.7%	68.2%
IV Percentile	65.9%	25.8%	86.9%	34.9%	86.9%
Term Structure	-1.6%	-6.2%	9.7%	7.5%	-6.1%
VWIV	38.2%	28.0%	44.5%	28.8%	44.5%
Skew 25d	2.7%	1.0%	3.9%	1.4%	2.4%
Skew 10d	4.7%	1.2%	6.4%	2.3%	3.5%
Call IV 25d	37.0%	26.7%	43.5%	28.1%	43.5%
Put IV 25d	39.7%	29.0%	46.0%	29.5%	46.0%
Bid-Ask Spread %	16.70	9.05	22.45	22.45	13.18
Gamma HHI	0.06	0.04	0.17	0.05	0.04
Net GEX	49.6M	-110.0M	130.1M	79.1M	38.2M
Net DEX	-2.48B	-4.79B	-736.5M	-3.77B	-884.9M
Net VEX	-34.7M	-37.3M	-32.4M	-36.7M	-32.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.30	1.29	0.98	0.69
Total Volume	2,459,534.286	1,415,320	5,920,040	1,947,020	1,690,400
Total OI	19,777,087.619	13,709,980	23,292,240	19,938,040	16,081,220

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2008-06-02	$14.36	$13.74	28.7%	8.2%	30.9%	30.7%	28.8%	1.4%	7.5%	79.1M	-3.77B	-36.7M	0.98	22.45	983,060	963,960	11,508,540	8,429,500
2008-06-03	$14.17	$13.74	28.6%	8.2%	30.5%	30.4%	28.8%	1.0%	9.5%	54.8M	-3.15B	-36.9M	0.68	20.21	942,820	638,480	11,645,280	8,683,280
2008-06-04	$14.29	$13.74	28.0%	8.0%	29.3%	29.0%	28.1%	2.0%	9.6%	67.2M	-3.53B	-37.0M	0.84	21.64	921,120	776,180	11,796,460	8,859,820
2008-06-05	$14.64	$13.74	27.4%	7.8%	30.4%	27.4%	28.0%	2.5%	9.7%	116.3M	-4.79B	-37.3M	0.70	20.82	1,367,640	958,280	11,841,700	8,896,040
2008-06-06	$14.16	$14.49	29.7%	10.9%	32.3%	33.2%	37.8%	2.7%	-2.6%	49.6M	-3.11B	-36.6M	1.09	9.52	1,119,960	1,215,540	11,932,720	8,978,000
2008-06-09	$13.93	$14.49	32.4%	11.4%	32.6%	39.6%	39.7%	2.8%	-3.0%	26.9M	-2.27B	-36.1M	0.36	13.24	2,387,260	864,900	12,092,120	8,964,040
2008-06-10	$13.84	$14.49	32.4%	11.2%	32.2%	39.7%	38.6%	3.3%	-3.0%	25.5M	-2.01B	-36.0M	0.30	17.81	1,698,260	509,700	12,548,020	9,143,620
2008-06-11	$13.62	$14.24	33.1%	11.4%	31.5%	41.5%	39.3%	3.9%	-3.8%	2.2M	-1.36B	-35.5M	0.57	20.86	1,512,880	861,540	12,980,960	9,323,960
2008-06-12	$13.81	$14.24	40.6%	11.6%	32.1%	59.8%	40.1%	3.9%	-4.0%	42.6M	-2.29B	-36.0M	0.79	18.70	1,577,340	1,250,600	13,092,480	9,276,260
2008-06-13	$14.27	$14.24	37.3%	10.7%	34.3%	51.7%	37.2%	3.1%	-2.6%	118.5M	-4.06B	-36.2M	0.66	15.45	1,952,080	1,279,920	13,150,940	9,396,740
2008-06-16	$14.31	$14.24	38.7%	11.1%	34.2%	55.1%	38.5%	3.3%	-3.7%	130.1M	-4.21B	-34.9M	0.73	17.80	1,614,380	1,185,260	13,184,260	9,472,180
2008-06-17	$14.22	$14.24	39.1%	11.2%	34.2%	53.2%	39.0%	3.1%	-4.1%	103.6M	-3.74B	-34.4M	0.58	18.19	1,041,440	599,760	13,231,980	9,535,520
2008-06-18	$14.05	$14.24	38.7%	11.1%	34.5%	52.3%	38.6%	2.9%	-3.6%	55.6M	-2.78B	-33.6M	1.29	20.16	1,068,100	1,375,500	13,311,980	9,533,600
2008-06-19	$13.99	$14.24	41.8%	12.0%	34.5%	60.3%	41.6%	3.9%	-6.2%	69.0M	-2.72B	-33.2M	0.80	13.13	1,799,960	1,433,480	13,446,400	9,564,800
2008-06-20	$13.65	$13.99	40.8%	11.7%	30.6%	57.7%	40.7%	1.8%	-4.7%	-110.0M	-925.1M	-32.6M	0.74	17.76	3,401,400	2,518,640	13,624,660	9,667,580
2008-06-23	$13.62	$13.99	41.8%	12.0%	30.6%	60.3%	41.8%	2.6%	-5.0%	40.3M	-1.60B	-32.7M	0.85	15.64	765,600	649,720	7,812,520	5,897,460
2008-06-24	$13.54	$13.99	42.6%	12.2%	30.5%	62.5%	42.2%	2.5%	-4.9%	37.0M	-1.43B	-32.6M	0.74	11.92	1,075,040	796,600	7,993,540	6,090,080
2008-06-25	$13.76	$13.99	41.2%	11.8%	29.1%	58.7%	40.8%	2.6%	-4.1%	47.6M	-1.91B	-33.2M	0.60	20.30	1,072,520	645,840	8,255,000	6,266,540
2008-06-26	$13.21	$13.99	44.3%	12.7%	31.9%	66.9%	44.2%	2.7%	-4.5%	25.6M	-872.2M	-32.7M	0.93	9.05	1,191,060	1,112,840	8,471,660	6,432,860
2008-06-27	$13.19	$13.99	43.0%	12.3%	29.2%	63.6%	43.1%	3.4%	-4.0%	22.5M	-736.5M	-32.4M	0.80	12.84	1,573,020	1,258,140	8,471,660	6,432,860
2008-06-30	$13.15	$13.74	44.8%	12.8%	28.8%	68.2%	44.5%	2.4%	-6.1%	38.2M	-884.9M	-32.8M	0.69	13.18	1,002,400	688,000	9,205,320	6,875,900