GOOG Options History — January 2014

In January 2014, GOOG traded between $27.50 and $29.49. ATM implied volatility averaged 28.1%, placing in the 77.5% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 11.4% (HV 20d: 16.7%). Max pain ranged from $25.97 to $26.72. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.81.

Notable Days

2014-01-31: Highest Volume — 8,642,000 contracts
2014-01-31: Largest IV drop — 39.5% change
2014-01-24: Highest IV Rank — 100.0%
2014-01-03: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.38	$27.50	$29.49	$27.80	$29.49
Max Pain	$26.19	$25.97	$26.72	$25.97	$26.72
ATM IV	28.1%	19.3%	33.8%	25.2%	19.3%
Expected Move	6.8%	6.5%	7.1%	7.0%	6.5%
HV 20d	16.7%	12.6%	26.9%	12.6%	26.9%
HV 60d	21.3%	13.5%	29.8%	29.6%	18.5%
IV Rank	77.5%	24.5%	100.0%	57.1%	24.5%
IV Percentile	88.8%	47.6%	100.0%	76.2%	47.6%
Term Structure	-2.6%	-4.3%	-0.0%	-1.7%	-0.0%
VWIV	24.0%	22.4%	25.8%	24.7%	23.1%
Skew 25d	1.8%	0.8%	2.9%	1.6%	1.5%
Skew 10d	2.7%	-0.1%	5.4%	2.6%	2.8%
Call IV 25d	27.2%	19.1%	32.9%	24.1%	19.1%
Put IV 25d	29.0%	20.6%	34.5%	25.7%	20.6%
Bid-Ask Spread %	6.12	5.00	7.87	5.70	7.87
Gamma HHI	0.12	0.04	0.68	0.11	0.22
Net GEX	290.5M	-1.27B	692.3M	448.0M	691.4M
Net DEX	-9.18B	-14.49B	-2.23B	-10.67B	-9.40B
Net VEX	-31.9M	-36.8M	-29.4M	-29.8M	-34.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.62	1.01	0.85	0.85
Total Volume	3,282,521.905	1,419,180	8,642,000	2,092,840	8,642,000
Total OI	13,535,901.905	8,818,980	17,303,560	15,151,340	13,153,100

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
2014-01-02	$27.80	$25.97	25.2%	7.0%	12.6%	57.1%	24.7%	1.6%	-1.7%	448.0M	-10.67B	-29.8M	0.85	5.70	1,130,520	962,320	7,484,720	7,666,620
2014-01-03	$27.60	$25.97	25.4%	7.1%	13.1%	58.0%	25.1%	1.0%	-1.7%	-1.27B	-9.28B	-30.3M	0.87	5.10	1,570,000	1,359,480	7,705,820	7,987,020
2014-01-06	$27.91	$25.97	26.2%	7.1%	13.4%	62.2%	25.1%	2.0%	-2.2%	298.6M	-10.70B	-29.6M	0.89	5.70	1,206,640	1,072,200	7,062,140	7,381,500
2014-01-07	$28.44	$25.97	26.9%	7.0%	14.3%	65.7%	25.8%	2.0%	-2.8%	524.7M	-13.23B	-29.5M	0.81	5.77	1,922,280	1,563,760	7,398,560	7,654,840
2014-01-08	$28.50	$25.97	26.6%	7.0%	14.2%	64.4%	24.8%	2.3%	-2.9%	592.0M	-13.43B	-29.4M	0.78	6.42	1,476,800	1,152,120	7,673,260	8,099,260
2014-01-09	$28.23	$26.22	27.3%	6.9%	14.8%	67.9%	24.9%	1.8%	-3.1%	286.2M	-11.64B	-30.1M	0.78	5.93	1,434,360	1,113,520	7,884,120	8,372,960
2014-01-10	$28.23	$26.22	27.2%	6.9%	14.4%	79.1%	23.8%	2.4%	-3.2%	600.2M	-11.74B	-30.2M	0.92	5.90	1,862,500	1,718,280	8,147,780	8,601,200
2014-01-13	$28.05	$26.22	28.4%	6.9%	14.4%	87.1%	24.3%	1.8%	-3.8%	268.2M	-10.80B	-30.6M	0.75	6.00	1,905,820	1,434,880	7,495,000	7,766,440
2014-01-14	$28.71	$26.22	28.7%	6.8%	15.5%	88.8%	23.4%	1.6%	-3.5%	565.5M	-14.03B	-30.7M	0.70	5.90	2,164,920	1,513,200	7,945,220	8,097,360
2014-01-15	$28.69	$26.22	28.6%	6.7%	15.4%	88.2%	23.1%	2.0%	-3.8%	563.9M	-13.47B	-30.5M	0.91	5.84	1,290,640	1,179,500	8,070,860	8,293,560
2014-01-16	$28.88	$26.22	27.2%	6.7%	15.2%	79.2%	23.0%	2.2%	-1.9%	692.3M	-14.49B	-30.8M	0.84	6.64	1,425,540	1,196,440	8,274,620	8,593,620
2014-01-17	$28.73	$26.22	28.0%	6.7%	15.1%	84.3%	23.0%	2.4%	-2.3%	444.3M	-13.21B	-31.6M	0.76	7.17	2,536,580	1,923,680	8,366,360	8,937,200
2014-01-21	$29.06	$26.22	27.5%	6.6%	15.3%	81.5%	23.7%	2.0%	-2.8%	338.9M	-6.80B	-31.3M	0.91	5.40	1,128,240	1,030,540	4,797,200	4,021,780
2014-01-22	$29.10	$26.22	27.3%	6.6%	14.9%	79.9%	23.4%	1.6%	-3.1%	394.4M	-7.03B	-31.3M	0.93	7.03	733,940	685,240	5,122,960	4,443,440
2014-01-23	$28.97	$26.22	27.6%	6.6%	14.6%	81.8%	22.4%	1.3%	-0.8%	205.3M	-6.51B	-31.9M	0.97	7.19	1,049,400	1,013,220	5,269,300	4,664,140
2014-01-24	$28.07	$26.22	31.1%	6.8%	18.9%	100.0%	24.0%	1.3%	-1.2%	-23.7M	-2.23B	-33.3M	1.01	6.38	2,819,380	2,841,200	5,483,240	4,909,940
2014-01-27	$27.50	$26.22	33.8%	6.9%	20.2%	100.0%	23.7%	0.8%	-4.1%	48.0M	-2.38B	-34.4M	0.64	5.90	2,333,060	1,495,660	4,740,940	4,200,920
2014-01-28	$28.05	$26.22	32.2%	6.9%	21.4%	91.6%	24.1%	1.9%	-4.1%	134.9M	-3.93B	-36.6M	0.62	5.00	956,800	590,300	5,588,900	4,790,900
2014-01-29	$27.65	$26.22	33.0%	6.9%	21.8%	95.7%	25.1%	2.9%	-4.3%	99.5M	-2.90B	-36.8M	0.64	5.21	1,126,760	726,200	5,813,360	4,972,120
2014-01-30	$28.36	$26.22	31.9%	6.9%	23.4%	90.2%	24.0%	1.3%	-1.8%	196.9M	-4.99B	-36.5M	0.67	6.51	3,380,340	2,264,700	6,150,540	5,171,120
2014-01-31	$29.49	$26.72	19.3%	6.5%	26.9%	24.5%	23.1%	1.5%	-0.0%	691.4M	-9.40B	-34.5M	0.85	7.87	4,661,020	3,980,980	7,131,880	6,021,220