GOOG Options History — December 2014

In December 2014, GOOG traded between $24.84 and $26.87. ATM implied volatility averaged 22.7%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 5.0% (HV 20d: 17.7%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.87.

Notable Days

2014-12-16: Highest Volume — 1,063,480 contracts
2014-12-15: Largest IV spike — 13.2% change
2014-12-31: Highest IV Rank — 42.7%
2014-12-16: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.23	$24.84	$26.87	$26.69	$26.32
Max Pain	$26.31	$26.00	$27.00	$27.00	$26.25
ATM IV	22.7%	16.6%	28.4%	17.2%	28.4%
Expected Move	7.2%	6.3%	8.6%	6.4%	7.3%
HV 20d	17.7%	11.5%	23.1%	11.7%	22.6%
HV 60d	21.1%	19.8%	22.0%	20.1%	21.8%
IV Rank	23.8%	4.0%	42.7%	5.7%	42.7%
IV Percentile	56.2%	8.7%	86.9%	15.5%	86.9%
Term Structure	1.3%	-1.1%	4.5%	0.8%	-1.1%
VWIV	25.4%	21.7%	29.5%	21.9%	25.8%
Skew 25d	2.8%	1.4%	4.2%	2.1%	4.0%
Skew 10d	5.4%	2.8%	8.1%	3.4%	7.6%
Call IV 25d	21.9%	16.1%	27.6%	16.6%	26.9%
Put IV 25d	24.7%	18.1%	30.9%	18.7%	30.8%
Bid-Ask Spread %	20.19	5.37	52.53	6.96	52.53
Gamma HHI	0.06	0.04	0.21	0.04	0.07
Net GEX	10.1M	-125.3M	125.7M	-7.6M	-51.0M
Net DEX	470.4M	-625.1M	1.95B	500.0M	221.5M
Net VEX	-9.8M	-10.4M	-8.7M	-8.7M	-10.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.51	1.19	0.56	1.06
Total Volume	664,883.636	270,740	1,063,480	653,640	390,920
Total OI	4,272,303.636	3,592,860	4,952,760	3,714,600	3,984,780

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
2014-12-01	$26.69	$27.00	17.2%	6.4%	11.7%	5.7%	21.9%	2.1%	0.8%	-7.6M	500.0M	-8.7M	0.56	6.96	419,360	234,280	2,007,760	1,706,840
2014-12-02	$26.66	$27.00	16.8%	6.3%	11.6%	4.4%	22.2%	2.4%	0.7%	4.1M	475.2M	-9.0M	0.72	6.96	270,300	195,180	2,192,460	1,771,040
2014-12-03	$26.55	$27.00	16.6%	6.4%	11.7%	4.0%	21.7%	2.0%	1.0%	-16.5M	617.0M	-8.9M	0.63	7.06	336,400	210,960	2,260,020	1,821,140
2014-12-04	$26.87	$26.50	17.0%	6.5%	11.5%	5.2%	23.3%	2.2%	1.0%	96.7M	4.2M	-9.9M	0.51	5.85	382,640	193,840	2,408,600	1,869,880
2014-12-05	$26.25	$26.50	17.6%	6.6%	13.8%	7.1%	23.3%	1.4%	0.8%	-125.3M	944.8M	-9.3M	0.89	5.37	482,180	427,860	2,510,220	1,927,520
2014-12-08	$26.32	$26.50	18.9%	6.8%	13.9%	11.5%	24.6%	2.9%	1.1%	-2.4M	643.6M	-9.7M	0.80	6.02	328,300	263,260	2,434,440	1,849,680
2014-12-09	$26.64	$26.50	18.4%	6.8%	14.0%	9.9%	24.4%	2.9%	1.0%	55.5M	201.9M	-10.1M	0.72	5.94	391,360	281,640	2,523,880	1,911,700
2014-12-10	$26.29	$26.25	20.6%	7.1%	14.4%	17.0%	25.8%	2.2%	1.0%	30.3M	545.1M	-10.2M	1.09	7.35	296,140	323,860	2,631,040	1,936,860
2014-12-11	$26.38	$26.25	20.3%	7.1%	14.5%	15.7%	25.7%	1.8%	0.8%	28.5M	482.6M	-10.4M	0.91	7.40	282,900	256,840	2,675,180	2,028,980
2014-12-12	$25.95	$26.50	22.3%	7.5%	15.3%	22.4%	27.3%	2.4%	1.2%	-95.3M	1.19B	-10.0M	0.87	6.49	456,600	398,480	2,678,520	2,058,080
2014-12-15	$25.76	$26.25	25.2%	8.0%	15.4%	32.2%	28.4%	3.3%	3.7%	-46.7M	1.13B	-9.9M	0.87	8.42	369,560	320,200	2,535,460	1,920,120
2014-12-16	$24.84	$26.25	28.3%	8.6%	19.1%	42.5%	29.5%	3.4%	2.8%	-71.6M	1.95B	-9.4M	1.10	7.83	506,840	556,640	2,659,080	1,999,400
2014-12-17	$25.30	$26.00	26.6%	8.3%	20.6%	36.6%	29.5%	2.8%	3.7%	-28.6M	1.36B	-10.1M	0.90	8.90	364,260	328,980	2,845,100	2,014,500
2014-12-18	$25.48	$26.00	24.3%	7.8%	20.7%	29.2%	27.3%	2.7%	3.9%	15.5M	1.09B	-9.9M	0.85	10.31	401,200	341,460	2,871,600	2,002,740
2014-12-19	$25.82	$26.00	23.3%	7.5%	21.4%	25.7%	25.3%	3.0%	4.5%	52.2M	515.9M	-9.9M	0.54	11.93	601,440	323,240	2,922,620	2,030,140
2014-12-22	$26.21	$26.00	25.0%	7.2%	22.1%	31.4%	26.5%	3.1%	0.8%	63.9M	-13.1M	-10.0M	0.96	48.57	394,620	377,620	1,984,200	1,608,660
2014-12-23	$26.57	$26.00	24.8%	7.0%	22.7%	30.7%	25.0%	3.0%	0.9%	87.8M	-439.7M	-10.2M	1.00	46.46	411,160	410,760	2,064,640	1,721,420
2014-12-24	$26.44	$26.00	26.0%	7.1%	22.7%	34.9%	25.8%	2.6%	0.8%	48.2M	-267.9M	-10.3M	1.04	46.99	260,220	269,880	2,138,840	1,798,840
2014-12-26	$26.70	$26.00	26.2%	7.0%	23.0%	35.4%	25.4%	2.9%	0.9%	125.7M	-625.1M	-10.3M	0.78	42.59	420,000	325,940	2,186,540	1,842,480
2014-12-29	$26.52	$26.00	27.6%	7.1%	23.1%	40.0%	25.5%	3.6%	-0.9%	45.7M	-101.2M	-9.9M	1.15	45.45	255,980	293,400	2,052,740	1,705,920
2014-12-30	$26.52	$26.00	27.2%	7.1%	22.5%	38.7%	24.8%	4.2%	-0.6%	13.8M	-72.0M	-9.9M	1.19	48.86	123,500	147,240	2,097,220	1,799,800
2014-12-31	$26.32	$26.25	28.4%	7.3%	22.6%	42.7%	25.8%	4.0%	-1.1%	-51.0M	221.5M	-10.0M	1.06	52.53	189,600	201,320	2,125,080	1,859,700