GOOG Options History — July 2012

In July 2012, GOOG traded between $14.25 and $15.86. ATM implied volatility averaged 26.1%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 4.5% (HV 20d: 21.6%). Max pain ranged from $14.24 to $14.99. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.80.

Notable Days

2012-07-19: Highest Volume — 9,954,940 contracts
2012-07-11: Largest IV spike — 94.2% change
2012-07-11: Highest IV Rank — 45.0%
2012-07-05: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.89	$14.25	$15.86	$14.50	$15.81
Max Pain	$14.50	$14.24	$14.99	$14.24	$14.99
ATM IV	26.1%	16.9%	51.7%	17.7%	24.5%
Expected Move	8.0%	5.3%	11.1%	10.2%	5.8%
HV 20d	21.6%	20.4%	23.2%	21.8%	22.0%
HV 60d	23.3%	22.1%	24.7%	24.4%	23.7%
IV Rank	13.2%	1.9%	45.0%	2.9%	11.2%
IV Percentile	39.6%	2.4%	94.8%	2.4%	37.3%
Term Structure	-2.7%	-9.8%	2.1%	-7.3%	0.7%
VWIV	28.3%	19.3%	38.9%	35.4%	21.3%
Skew 25d	2.7%	0.8%	3.7%	2.0%	2.6%
Skew 10d	5.0%	1.2%	7.0%	3.1%	5.0%
Call IV 25d	26.8%	18.0%	37.6%	34.1%	19.6%
Put IV 25d	29.4%	19.9%	39.6%	36.2%	22.2%
Bid-Ask Spread %	23.05	14.47	34.18	22.83	21.36
Gamma HHI	0.07	0.03	0.41	0.03	0.06
Net GEX	181.6M	-9.0M	764.7M	107.9M	269.3M
Net DEX	-1.89B	-4.88B	100.7M	-1.03B	-3.84B
Net VEX	-25.4M	-27.5M	-24.2M	-25.0M	-26.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.80	0.48	0.99	0.79	0.84
Total Volume	3,053,216.19	1,129,700	9,954,940	1,307,580	1,636,380
Total OI	15,356,341.905	13,314,420	19,560,820	13,746,920	14,648,820

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
2012-07-02	$14.50	$14.24	17.7%	10.2%	21.8%	2.9%	35.4%	2.0%	-7.3%	107.9M	-1.03B	-25.0M	0.79	22.83	730,000	577,580	7,575,040	6,171,880
2012-07-03	$14.68	$14.36	16.9%	10.2%	21.5%	1.9%	35.4%	2.5%	-7.7%	151.4M	-1.59B	-25.4M	0.62	21.58	696,780	432,920	7,699,300	6,328,400
2012-07-05	$14.88	$14.36	27.4%	11.1%	21.2%	14.9%	38.9%	2.0%	-9.8%	185.4M	-2.36B	-25.6M	0.70	18.90	1,740,460	1,210,280	7,817,320	6,419,100
2012-07-06	$14.63	$14.24	21.3%	8.7%	22.1%	7.3%	30.4%	2.4%	-3.7%	126.7M	-1.30B	-25.4M	0.74	23.89	1,746,620	1,295,620	8,133,600	6,748,620
2012-07-09	$14.64	$14.24	28.0%	9.0%	22.1%	15.6%	31.4%	2.2%	-4.2%	95.6M	-1.21B	-25.2M	0.85	23.59	873,360	744,260	7,985,460	6,526,880
2012-07-10	$14.53	$14.24	26.7%	9.2%	20.8%	13.9%	32.2%	2.4%	-4.1%	71.3M	-837.5M	-25.0M	0.72	21.10	1,212,540	871,560	8,232,020	6,761,800
2012-07-11	$14.27	$14.24	51.7%	9.6%	21.8%	45.0%	33.3%	3.3%	-4.2%	-9.0M	100.7M	-24.3M	0.84	23.50	2,318,360	1,947,420	8,428,660	6,919,120
2012-07-12	$14.25	$14.24	33.9%	9.7%	21.6%	22.9%	34.2%	3.4%	-4.2%	7.0M	45.2M	-25.1M	0.77	21.14	1,467,980	1,136,100	9,046,760	7,399,520
2012-07-13	$14.40	$14.24	32.5%	9.3%	21.8%	21.2%	32.3%	3.7%	-4.2%	70.2M	-664.9M	-25.2M	0.80	21.65	1,559,000	1,254,380	9,337,120	7,575,480
2012-07-16	$14.36	$14.24	33.7%	9.7%	21.7%	22.6%	33.7%	3.5%	-5.4%	59.3M	-490.7M	-24.5M	0.93	21.71	876,880	818,860	8,669,180	7,247,880
2012-07-17	$14.40	$14.24	31.9%	9.2%	21.3%	20.5%	31.9%	3.0%	-4.9%	66.7M	-606.6M	-24.4M	0.79	29.74	1,135,820	901,340	8,962,040	7,533,720
2012-07-18	$14.50	$14.36	31.7%	9.1%	20.4%	20.1%	31.5%	2.8%	-5.2%	90.4M	-1.01B	-24.4M	0.86	28.29	1,317,200	1,133,260	9,187,780	7,739,020
2012-07-19	$14.81	$14.36	29.2%	8.4%	21.5%	17.0%	28.8%	0.8%	-3.5%	163.5M	-2.30B	-24.3M	0.79	34.18	5,551,540	4,403,400	9,316,980	7,977,920
2012-07-20	$15.26	$14.49	18.4%	5.3%	22.0%	3.7%	19.3%	1.9%	1.8%	546.1M	-4.88B	-24.2M	0.70	22.93	5,216,100	3,630,780	10,564,600	8,996,220
2012-07-23	$15.37	$14.74	20.0%	5.7%	21.9%	5.7%	21.2%	2.8%	1.2%	211.1M	-2.65B	-25.2M	0.89	19.74	1,739,820	1,555,240	7,710,740	5,603,680
2012-07-24	$15.17	$14.99	19.7%	5.7%	21.1%	5.4%	20.7%	2.6%	1.9%	151.0M	-1.93B	-25.7M	0.95	28.49	1,042,000	989,700	8,070,860	6,105,380
2012-07-25	$15.18	$14.86	19.9%	5.7%	21.1%	5.6%	20.9%	2.8%	1.9%	173.4M	-2.02B	-26.1M	0.74	18.35	1,139,140	839,080	8,280,440	6,216,740
2012-07-26	$15.32	$14.99	18.8%	5.4%	21.1%	4.2%	20.1%	3.2%	2.1%	253.8M	-2.50B	-26.7M	0.93	27.28	999,560	930,280	8,477,580	6,445,320
2012-07-27	$15.86	$14.99	19.5%	5.5%	23.2%	5.1%	20.3%	2.9%	1.5%	764.7M	-4.82B	-27.5M	0.48	19.27	2,935,100	1,397,200	8,580,260	6,694,360
2012-07-30	$15.79	$14.99	24.6%	6.0%	22.0%	11.4%	21.6%	2.8%	0.6%	256.9M	-3.77B	-27.3M	0.99	14.47	1,059,780	1,053,860	8,121,240	6,226,340
2012-07-31	$15.81	$14.99	24.5%	5.8%	22.0%	11.2%	21.3%	2.6%	0.7%	269.3M	-3.84B	-26.6M	0.84	21.36	890,760	745,620	8,258,000	6,390,820