GOOG Options History — December 2013

In December 2013, GOOG traded between $26.31 and $27.99. ATM implied volatility averaged 18.5%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 6.4% (HV 20d: 12.1%). Max pain ranged from $25.72 to $25.97. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.83.

Notable Days

2013-12-20: Highest Volume — 4,958,360 contracts
2013-12-23: Largest IV spike — 13.9% change
2013-12-31: Highest IV Rank — 50.8%
2013-12-12: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.08	$26.31	$27.99	$26.34	$27.99
Max Pain	$25.77	$25.72	$25.97	$25.72	$25.97
ATM IV	18.5%	15.4%	24.1%	16.3%	24.1%
Expected Move	7.3%	7.0%	7.5%	7.3%	7.0%
HV 20d	12.1%	10.7%	13.0%	13.0%	12.2%
HV 60d	29.9%	29.6%	30.1%	30.1%	29.6%
IV Rank	20.9%	4.6%	50.8%	9.4%	50.8%
IV Percentile	35.1%	2.0%	70.2%	11.9%	70.2%
Term Structure	2.1%	-2.3%	7.1%	1.8%	-2.3%
VWIV	25.7%	24.5%	27.9%	25.7%	24.8%
Skew 25d	1.2%	0.3%	1.8%	0.5%	1.8%
Skew 10d	2.4%	0.5%	4.3%	1.4%	2.7%
Call IV 25d	18.3%	15.6%	23.4%	16.6%	23.4%
Put IV 25d	19.5%	16.0%	25.3%	17.1%	25.3%
Bid-Ask Spread %	4.38	2.29	6.05	2.29	5.67
Gamma HHI	0.12	0.05	0.70	0.06	0.10
Net GEX	483.1M	-100.5M	2.33B	227.4M	559.1M
Net DEX	-11.16B	-14.43B	-8.31B	-9.56B	-11.65B
Net VEX	-29.5M	-31.6M	-27.5M	-27.5M	-29.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.49	1.05	1.02	0.69
Total Volume	2,593,373.333	1,242,120	4,958,360	1,836,100	2,032,320
Total OI	15,680,479.048	13,360,920	17,368,920	14,147,420	14,708,020

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
2013-12-02	$26.34	$25.72	16.3%	7.3%	13.0%	9.4%	25.7%	0.5%	1.8%	227.4M	-9.56B	-27.5M	1.02	2.29	909,900	926,200	7,198,520	6,948,900
2013-12-03	$26.31	$25.72	16.4%	7.3%	13.0%	10.0%	26.2%	0.6%	1.7%	146.3M	-9.25B	-28.1M	0.82	2.58	1,069,580	879,280	7,399,440	7,336,360
2013-12-04	$26.43	$25.72	16.9%	7.4%	12.9%	12.4%	25.7%	1.1%	1.7%	264.4M	-9.86B	-29.9M	1.03	5.08	1,143,260	1,181,260	7,706,620	7,673,460
2013-12-05	$26.41	$25.72	17.7%	7.4%	12.9%	16.7%	25.5%	0.9%	1.8%	192.4M	-9.83B	-31.6M	0.69	4.90	904,340	627,740	8,009,280	8,277,340
2013-12-06	$26.72	$25.72	16.9%	7.4%	11.9%	12.3%	27.9%	0.9%	1.9%	2.33B	-11.75B	-30.4M	0.64	4.14	2,015,180	1,284,120	8,161,400	8,425,140
2013-12-09	$26.93	$25.72	16.1%	7.4%	11.8%	8.4%	25.8%	0.6%	2.0%	466.0M	-11.87B	-29.4M	0.91	3.26	1,366,840	1,240,400	7,586,660	7,527,640
2013-12-10	$27.09	$25.72	15.4%	7.4%	11.5%	4.6%	26.2%	0.3%	2.4%	491.6M	-12.59B	-28.7M	0.81	3.94	1,887,360	1,533,900	7,901,660	7,951,780
2013-12-11	$26.91	$25.72	15.6%	7.5%	12.0%	5.3%	26.3%	0.6%	2.4%	285.8M	-11.15B	-29.8M	1.05	3.84	1,185,380	1,240,920	8,012,320	8,321,080
2013-12-12	$26.72	$25.72	17.0%	7.5%	10.7%	12.8%	26.2%	0.8%	1.1%	-28.7M	-9.78B	-29.8M	0.67	3.96	1,630,060	1,093,020	8,183,220	8,710,020
2013-12-13	$26.49	$25.72	17.2%	7.4%	11.3%	14.0%	26.0%	1.3%	1.4%	-100.5M	-8.31B	-30.3M	0.98	4.34	2,153,320	2,118,080	8,443,240	8,860,580
2013-12-16	$26.80	$25.72	18.3%	7.4%	11.8%	19.9%	25.6%	1.3%	4.2%	318.3M	-10.66B	-31.4M	0.81	3.66	1,211,980	984,300	7,815,120	8,197,340
2013-12-17	$26.72	$25.72	18.5%	7.4%	11.8%	20.9%	25.6%	1.7%	4.5%	300.6M	-10.39B	-31.0M	1.05	4.96	892,940	933,700	8,121,360	8,553,060
2013-12-18	$27.09	$25.72	18.0%	7.4%	12.2%	18.5%	25.6%	1.7%	4.9%	533.5M	-12.34B	-30.6M	0.72	4.34	1,570,160	1,129,400	8,316,140	8,765,400
2013-12-19	$27.13	$25.72	17.3%	7.3%	12.0%	14.8%	25.9%	1.5%	7.1%	775.8M	-12.31B	-29.1M	0.79	4.63	1,609,760	1,271,760	8,166,240	8,810,120
2013-12-20	$27.49	$25.72	18.5%	7.3%	12.2%	21.2%	25.4%	1.8%	6.9%	954.8M	-14.43B	-28.7M	0.61	4.66	3,082,200	1,876,160	8,369,600	8,999,320
2013-12-23	$27.85	$25.72	21.1%	7.2%	12.5%	35.0%	25.4%	1.7%	-0.7%	509.9M	-11.70B	-28.9M	0.88	4.61	1,411,860	1,248,880	6,682,280	6,678,640
2013-12-24	$27.77	$25.72	21.2%	7.2%	12.2%	35.6%	24.5%	1.1%	-0.5%	532.3M	-11.59B	-28.9M	0.78	4.81	698,580	543,540	7,032,500	7,292,840
2013-12-26	$27.91	$25.97	21.8%	7.1%	11.8%	38.9%	25.0%	1.5%	1.1%	602.4M	-12.39B	-28.7M	1.00	5.11	1,090,280	1,085,880	7,280,760	7,492,440
2013-12-27	$27.93	$25.97	21.2%	7.1%	11.8%	35.7%	24.8%	1.7%	1.4%	447.0M	-12.59B	-28.5M	0.49	6.05	2,343,700	1,156,720	7,493,840	7,852,440
2013-12-30	$27.71	$25.97	22.3%	7.0%	12.2%	41.6%	25.7%	1.5%	-1.7%	336.8M	-10.39B	-28.9M	0.95	5.13	974,260	922,320	6,999,840	7,028,100
2013-12-31	$27.99	$25.97	24.1%	7.0%	12.2%	50.8%	24.8%	1.8%	-2.3%	559.1M	-11.65B	-29.6M	0.69	5.67	1,199,760	832,560	7,270,460	7,437,560