GOOG Options History — July 2008

In July 2008, GOOG traded between $11.71 and $13.85. ATM implied volatility averaged 41.1%, placing in the 58.5% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 3.7% (HV 20d: 37.4%). Max pain ranged from $12.24 to $13.74. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.85.

Notable Days

  • 2008-07-18: Highest Volume — 10,854,080 contracts
  • 2008-07-10: Largest IV drop — 26.2% change
  • 2008-07-09: Highest IV Rank — 95.2%
  • 2008-07-15: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.74$11.71$13.85$13.35$11.83
Max Pain$13.03$12.24$13.74$13.74$12.24
ATM IV41.1%31.6%55.1%44.7%35.7%
Expected Move11.3%9.1%13.5%12.8%10.2%
HV 20d37.4%25.7%50.2%29.4%49.8%
HV 60d41.2%30.3%48.2%48.2%36.8%
IV Rank58.5%33.7%95.2%67.9%44.4%
IV Percentile72.1%38.5%99.6%86.1%58.3%
Term Structure-2.7%-8.4%1.1%-6.6%-0.3%
VWIV39.6%32.0%48.0%44.2%35.2%
Skew 25d4.0%2.5%5.1%2.8%3.6%
Skew 10d7.7%4.9%9.5%5.5%8.1%
Call IV 25d37.6%29.6%46.1%42.9%34.0%
Put IV 25d41.6%34.2%49.8%45.8%37.6%
Bid-Ask Spread %18.0012.1927.8812.3615.07
Gamma HHI0.070.040.610.040.04
Net GEX16.0M-223.0M82.3M46.6M-8.6M
Net DEX-210.4M-2.55B3.16B-1.29B1.03B
Net VEX-28.9M-33.1M-17.0M-33.0M-26.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.581.260.770.60
Total Volume2,651,863.6361,242,16010,854,0802,094,0001,281,160
Total OI16,917,934.54512,043,70021,858,20016,098,20017,143,840

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-07-01$13.35$13.7444.7%12.8%29.4%67.9%44.2%2.8%-6.6%46.6M-1.29B-33.0M0.7712.361,184,060909,9409,218,5206,879,680
2008-07-02$13.16$13.7445.3%13.0%29.4%69.4%45.3%2.7%-6.2%35.2M-842.3M-32.2M0.8427.881,144,220963,1209,244,2007,003,400
2008-07-03$13.41$13.7446.4%13.3%28.7%72.4%46.3%5.1%-8.4%49.2M-1.35B-33.0M0.6422.83759,120483,0409,428,8207,147,300
2008-07-07$13.58$13.2449.6%11.1%27.2%80.9%39.1%4.4%-2.2%64.5M-1.85B-32.6M0.7415.791,263,580928,8409,568,8407,222,620
2008-07-08$13.85$13.2450.3%10.9%27.6%82.6%37.7%4.3%-2.5%82.3M-2.55B-33.1M0.6215.241,322,760819,7809,658,8007,339,260
2008-07-09$13.53$13.2455.1%12.0%28.8%95.2%42.4%4.4%-3.9%61.3M-1.74B-32.9M1.2318.651,104,3801,360,6009,844,2807,403,480
2008-07-10$13.50$13.4940.7%11.7%28.2%57.4%40.5%4.6%-2.8%54.3M-1.47B-32.9M0.8020.741,048,160833,6809,953,5407,676,500
2008-07-11$13.33$13.4942.1%12.1%28.0%61.3%41.7%4.4%-4.6%45.9M-1.12B-32.4M0.8520.701,252,2601,070,22010,149,6607,746,460
2008-07-14$13.03$13.4947.1%13.5%25.7%74.2%46.7%4.7%-6.1%7.9M338.5M-17.0M0.6714.821,294,580870,3006,734,1605,309,540
2008-07-15$12.89$13.4947.2%13.5%25.7%74.5%47.4%4.3%-6.1%18.9M-5.4M-31.1M0.7722.281,606,4801,236,84010,506,6607,955,500
2008-07-16$13.38$13.2445.9%13.1%29.8%71.0%46.4%4.0%-5.9%60.2M-1.37B-32.1M0.7315.411,690,4001,228,70010,696,5607,974,240
2008-07-17$13.32$13.2446.9%13.4%29.6%73.7%48.0%2.5%-5.2%63.8M-1.37B-31.5M0.5822.575,034,9002,908,70011,063,2208,231,700
2008-07-18$12.02$13.2435.1%10.1%46.3%42.8%35.2%3.4%-0.7%-223.0M3.16B-25.3M0.9021.905,721,4005,132,68012,654,2009,204,000
2008-07-21$11.71$12.7436.2%10.4%46.3%45.6%36.3%3.7%-1.4%-14.7M1.36B-24.7M1.1816.451,132,3801,331,8608,488,5206,487,040
2008-07-22$11.92$12.4932.7%9.4%47.2%36.6%33.4%3.7%0.9%-13.9M1.03B-25.7M1.2617.17836,9201,053,1808,832,3406,793,980
2008-07-23$12.22$12.4931.6%9.1%48.5%33.7%32.0%4.2%0.9%2.0M440.2M-26.6M0.6722.651,253,220835,9208,955,6606,844,640
2008-07-24$11.88$12.4933.6%9.6%48.5%39.0%33.7%3.7%0.6%-7.5M937.6M-25.9M0.8014.72815,140651,9409,123,0006,866,500
2008-07-25$12.29$12.4931.8%9.1%48.9%34.2%32.2%5.0%1.1%19.1M117.1M-27.3M0.9612.19712,960681,4009,387,7406,911,300
2008-07-28$11.92$12.4938.0%10.9%49.8%50.4%38.4%4.9%0.2%-3.1M764.5M-26.8M1.1920.27837,880999,9609,490,6007,049,720
2008-07-29$12.07$12.2434.9%10.0%50.2%42.3%35.3%4.1%-0.6%6.9M576.1M-26.9M1.1113.44600,680668,7009,696,6007,262,540
2008-07-30$12.06$12.4933.4%9.6%49.6%38.3%33.5%3.7%1.0%4.8M571.4M-26.9M0.8112.86816,300658,6609,760,8807,284,520
2008-07-31$11.83$12.2435.7%10.2%49.8%44.4%35.2%3.6%-0.3%-8.6M1.03B-26.3M0.6015.07798,320482,8409,817,3207,326,520