GOOG Options History — September 2008

In September 2008, GOOG traded between $9.52 and $11.62. ATM implied volatility averaged 50.4%, placing in the 74.6% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 11.4% (HV 20d: 39.0%). Max pain ranged from $10.99 to $11.99. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2008-09-08: Highest Volume — 5,654,520 contracts
  • 2008-09-29: Largest IV spike — 43.6% change
  • 2008-09-17: Highest IV Rank — 100.0%
  • 2008-09-29: Largest Expected Move — 23.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.79$9.52$11.62$11.62$10.00
Max Pain$11.42$10.99$11.99$11.99$10.99
ATM IV50.4%35.9%81.6%35.9%68.7%
Expected Move14.8%10.3%23.4%10.3%19.7%
HV 20d39.0%23.5%67.7%27.0%67.7%
HV 60d40.0%35.4%50.0%35.5%50.0%
IV Rank74.6%44.4%100.0%44.4%77.8%
IV Percentile86.7%57.9%100.0%57.9%99.6%
Term Structure-5.7%-14.8%6.2%6.2%-8.6%
VWIV51.3%35.9%79.4%35.9%70.9%
Skew 25d7.4%3.2%27.4%3.5%27.4%
Skew 10d13.4%6.0%33.8%6.5%33.8%
Call IV 25d48.0%34.9%75.3%34.9%56.0%
Put IV 25d55.5%38.3%87.9%38.3%83.4%
Bid-Ask Spread %25.5315.5252.9820.4552.98
Gamma HHI0.070.040.230.050.04
Net GEX23.8M-40.1M155.3M9.3M10.6M
Net DEX1.05B-780.1M2.83B633.6M751.9M
Net VEX-23.5M-26.0M-21.0M-26.0M-22.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.531.330.570.96
Total Volume2,854,391.4291,327,8605,654,5202,362,8402,056,680
Total OI19,542,565.71414,961,12023,452,62018,508,04017,381,420

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-09-02$11.62$11.9935.9%10.3%27.0%44.4%35.9%3.5%6.2%9.3M633.6M-26.0M0.5720.451,503,780859,06011,071,5007,436,540
2008-09-03$11.60$11.9936.7%10.5%23.5%46.4%36.7%3.2%6.1%10.0M626.4M-25.8M1.0715.631,023,8201,092,34011,262,6207,470,700
2008-09-04$11.25$11.9940.1%11.5%25.0%55.5%39.5%3.4%5.0%-9.8M1.46B-25.1M0.6918.111,556,0001,081,24011,593,4607,694,320
2008-09-05$11.10$11.9939.1%12.9%24.9%51.9%44.4%4.1%-5.0%-14.9M1.75B-24.3M0.8615.521,595,8401,365,44012,000,7007,754,700
2008-09-08$10.49$11.9941.5%13.5%27.5%58.5%46.5%3.9%-5.1%-40.1M2.83B-21.2M0.5929.233,562,6802,091,84012,235,6607,771,600
2008-09-09$10.46$11.7444.4%14.0%26.6%66.2%48.2%5.1%-6.3%-9.1M2.41B-22.2M1.1026.412,050,2802,247,16013,244,2007,734,320
2008-09-10$10.34$11.4940.3%13.7%26.2%55.1%47.3%4.0%-6.5%-19.3M2.56B-21.0M0.8727.491,848,7601,601,60013,527,6007,721,560
2008-09-11$10.83$11.4945.0%12.9%32.8%67.9%44.6%4.3%-5.0%28.9M1.34B-23.1M0.9626.801,892,4201,819,10013,857,8807,753,580
2008-09-12$10.93$11.2444.3%12.7%32.7%65.9%44.7%4.9%-4.9%60.1M825.9M-23.5M0.9621.991,349,2201,295,74014,313,1807,887,040
2008-09-15$10.84$11.2448.4%13.9%32.1%77.0%48.2%5.4%-7.3%41.1M1.14B-23.0M0.8523.791,091,820929,76014,480,1807,995,820
2008-09-16$11.06$11.2445.9%13.2%33.1%67.1%46.0%6.3%-5.8%85.6M462.5M-23.6M1.3327.161,148,7001,523,84014,726,0408,014,480
2008-09-17$10.35$11.2458.1%16.7%39.4%100.0%56.3%7.8%-12.0%-19.3M2.18B-21.9M0.8422.612,197,2001,839,84014,879,9807,975,520
2008-09-18$10.97$11.2451.9%14.9%45.8%82.2%52.7%9.3%-8.3%115.4M328.1M-24.1M0.8924.002,071,3001,851,56015,188,4207,956,100
2008-09-19$11.22$11.2449.6%14.2%46.8%75.5%49.1%8.5%-8.2%155.3M-780.1M-24.5M0.6324.883,119,9201,950,02015,421,4408,031,180
2008-09-22$10.74$11.2458.9%16.9%48.5%100.0%57.9%9.0%-8.5%13.3M608.3M-23.2M0.7223.96793,360573,1409,221,3805,739,740
2008-09-23$10.72$11.2459.2%17.0%48.4%100.0%59.0%9.0%-8.5%16.0M532.4M-24.0M0.6924.13789,620545,7809,653,9605,969,720
2008-09-24$10.87$10.9957.6%16.5%48.7%95.6%57.9%8.3%-7.6%21.6M286.7M-24.8M0.5324.18899,380476,4809,839,3006,071,860
2008-09-25$10.98$10.9954.6%15.6%48.8%87.0%54.2%8.8%-7.4%26.4M169.1M-24.8M0.5925.24834,640493,22010,093,3606,157,480
2008-09-26$10.77$11.2456.9%16.3%48.9%93.4%57.7%7.2%-8.0%19.2M534.8M-23.9M1.0228.77836,240853,30010,172,4806,226,940
2008-09-29$9.52$10.9981.6%23.4%64.4%100.0%79.4%12.6%-14.8%-405.4K1.47B-21.4M0.9432.871,665,0601,565,04010,337,5606,528,360
2008-09-30$10.00$10.9968.7%19.7%67.7%77.8%70.9%27.4%-8.6%10.6M751.9M-22.0M0.9652.981,050,6001,006,08010,583,8206,797,600