GOOG Options History — March 2009

In March 2009, GOOG traded between $7.26 and $8.82. ATM implied volatility averaged 52.1%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded above realized volatility by 2.9% (HV 20d: 49.3%). Max pain ranged from $7.99 to $8.74. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.03.

Notable Days

2009-03-26: Highest Volume — 2,889,200 contracts
2009-03-09: Largest IV spike — 20.3% change
2009-03-09: Highest IV Rank — 24.7%
2009-03-09: Largest Expected Move — 17.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.21	$7.26	$8.82	$8.17	$8.69
Max Pain	$8.30	$7.99	$8.74	$8.74	$8.24
ATM IV	52.1%	45.9%	58.9%	52.4%	55.1%
Expected Move	15.2%	14.0%	17.5%	15.0%	15.8%
HV 20d	49.3%	46.4%	52.3%	47.1%	47.9%
HV 60d	48.5%	46.9%	49.9%	48.1%	48.3%
IV Rank	19.9%	15.6%	24.7%	20.2%	22.0%
IV Percentile	68.0%	52.4%	78.2%	71.0%	72.2%
Term Structure	-3.9%	-8.2%	5.9%	3.5%	-7.0%
VWIV	53.4%	48.7%	60.5%	53.1%	55.0%
Skew 25d	8.7%	6.8%	10.3%	9.5%	8.1%
Skew 10d	16.8%	12.3%	18.8%	18.8%	15.0%
Call IV 25d	49.1%	45.5%	56.2%	48.8%	51.3%
Put IV 25d	57.8%	53.8%	65.2%	58.3%	59.4%
Bid-Ask Spread %	29.38	15.31	41.39	17.21	16.61
Gamma HHI	0.09	0.05	0.55	0.05	0.07
Net GEX	11.1M	-19.0M	88.8M	-827.4K	13.6M
Net DEX	90.4M	-684.3M	1.30B	417.4M	-487.6M
Net VEX	-13.0M	-14.7M	-10.8M	-13.1M	-14.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.03	0.49	2.68	1.42	0.80
Total Volume	1,878,590	928,860	2,889,200	1,679,800	1,084,840
Total OI	12,864,651.818	9,139,080	15,409,280	12,317,860	11,571,360

Daily Data (22 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
2009-03-02	$8.17	$8.74	52.4%	15.0%	47.1%	20.2%	53.1%	9.5%	3.5%	-827.4K	417.4M	-13.1M	1.42	17.21	694,780	985,020	6,746,380	5,571,480
2009-03-03	$8.13	$8.74	51.5%	14.8%	47.0%	19.5%	52.0%	9.1%	4.6%	-3.1M	474.1M	-13.0M	0.77	15.31	863,100	667,660	6,872,700	5,745,580
2009-03-04	$7.97	$8.49	48.8%	14.0%	47.4%	17.6%	48.7%	8.1%	5.8%	-8.2M	688.7M	-12.4M	0.85	16.79	1,251,460	1,069,820	6,996,660	5,757,400
2009-03-05	$7.63	$8.49	50.8%	14.6%	49.2%	19.0%	51.0%	9.1%	5.9%	-15.8M	1.03B	-11.9M	1.07	15.89	1,206,440	1,291,900	7,178,780	5,939,700
2009-03-06	$7.71	$8.49	49.0%	16.0%	47.7%	17.8%	56.1%	9.0%	-5.6%	-10.0M	895.8M	-12.2M	0.97	30.09	1,070,300	1,036,280	7,392,700	5,951,940
2009-03-09	$7.26	$8.24	58.9%	17.5%	46.4%	24.7%	60.5%	9.0%	-8.2%	-19.0M	1.30B	-10.8M	0.94	30.14	1,044,360	986,620	7,456,680	6,004,400
2009-03-10	$7.70	$8.24	49.4%	15.7%	51.5%	18.0%	54.8%	9.3%	-5.7%	-5.8M	803.7M	-11.7M	0.49	32.15	1,511,520	741,140	7,768,760	6,082,240
2009-03-11	$7.94	$8.24	45.9%	15.2%	50.7%	15.6%	53.4%	9.3%	-5.2%	10.0M	303.7M	-12.6M	0.74	31.68	1,277,560	947,060	8,197,260	5,966,200
2009-03-12	$8.08	$8.24	52.9%	15.2%	51.4%	20.5%	54.5%	10.3%	-5.8%	18.5M	65.6M	-12.8M	1.02	34.73	888,840	907,980	8,328,720	6,065,660
2009-03-13	$8.10	$8.24	53.9%	15.5%	51.0%	21.2%	53.2%	9.8%	-6.5%	14.6M	79.7M	-12.7M	1.13	35.59	841,080	946,620	8,301,700	6,143,460
2009-03-16	$7.98	$7.99	56.2%	16.1%	51.0%	22.8%	55.3%	9.7%	-7.9%	6.0M	299.2M	-12.4M	0.97	38.00	951,760	923,120	8,393,340	6,233,660
2009-03-17	$8.38	$8.24	49.2%	14.1%	52.3%	17.9%	50.9%	9.1%	-5.3%	34.0M	-371.2M	-12.8M	0.95	34.81	1,141,500	1,082,360	8,511,380	6,277,560
2009-03-18	$8.32	$7.99	50.6%	14.5%	51.0%	18.9%	50.5%	7.8%	-6.1%	27.4M	-304.0M	-12.7M	0.83	39.82	1,389,540	1,153,160	8,582,980	6,399,560
2009-03-19	$8.24	$7.99	52.9%	15.2%	50.1%	20.5%	53.3%	8.1%	-6.9%	10.8M	-124.2M	-12.8M	1.01	41.39	1,314,240	1,322,640	8,702,660	6,597,880
2009-03-20	$8.25	$7.99	54.1%	15.5%	49.9%	21.3%	54.3%	8.9%	-7.1%	88.8M	-240.2M	-12.8M	2.68	37.25	525,520	1,408,640	8,792,100	6,617,180
2009-03-23	$8.71	$8.24	52.8%	15.1%	50.6%	20.4%	53.3%	8.6%	-5.5%	12.8M	-467.8M	-13.2M	0.69	26.61	951,000	651,700	4,905,220	4,233,860
2009-03-24	$8.67	$8.24	50.9%	14.6%	48.0%	19.1%	51.5%	7.3%	-4.0%	14.9M	-491.0M	-13.6M	0.97	29.58	675,160	652,300	5,195,400	4,444,640
2009-03-25	$8.59	$8.24	50.8%	14.6%	48.0%	19.0%	50.1%	6.8%	-3.9%	14.9M	-435.1M	-13.8M	0.80	32.76	616,860	491,380	5,397,920	4,688,200
2009-03-26	$8.82	$8.24	52.0%	14.9%	48.6%	19.8%	53.1%	8.5%	-4.4%	21.2M	-684.3M	-14.2M	1.19	34.57	1,320,520	1,568,680	5,550,860	4,767,400
2009-03-27	$8.68	$8.49	51.9%	14.9%	49.0%	19.8%	53.2%	7.8%	-4.2%	12.2M	-469.7M	-14.7M	1.37	30.60	391,440	537,420	5,744,940	5,520,400
2009-03-30	$8.56	$8.49	56.7%	16.2%	47.7%	23.1%	57.4%	8.1%	-6.5%	7.2M	-294.0M	-14.3M	1.03	24.84	466,300	479,360	5,793,900	5,631,540
2009-03-31	$8.69	$8.24	55.1%	15.8%	47.9%	22.0%	55.0%	8.1%	-7.0%	13.6M	-487.6M	-14.5M	0.80	16.61	603,240	481,600	5,909,860	5,661,500