GOOG Options History — March 2015

In March 2015, GOOG traded between $27.37 and $28.77. ATM implied volatility averaged 21.5%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 2.1% (HV 20d: 19.4%). Max pain ranged from $26.50 to $28.25. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.81.

Notable Days

2015-03-06: Highest Volume — 1,146,740 contracts
2015-03-10: Largest IV spike — 11.0% change
2015-03-27: Highest IV Rank — 31.9%
2015-03-31: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.99	$27.37	$28.77	$28.58	$27.43
Max Pain	$27.51	$26.50	$28.25	$26.50	$28.25
ATM IV	21.5%	18.0%	25.1%	18.2%	24.6%
Expected Move	6.6%	5.2%	7.6%	5.4%	7.6%
HV 20d	19.4%	16.5%	21.6%	18.9%	18.8%
HV 60d	23.2%	22.2%	24.0%	24.0%	23.1%
IV Rank	19.8%	8.2%	31.9%	8.9%	30.1%
IV Percentile	52.2%	27.8%	72.6%	32.1%	70.2%
Term Structure	0.6%	-1.1%	4.5%	-0.7%	-0.6%
VWIV	23.0%	18.6%	25.4%	19.3%	24.8%
Skew 25d	2.1%	1.1%	2.6%	1.6%	2.4%
Skew 10d	3.9%	2.0%	5.3%	4.1%	4.6%
Call IV 25d	20.7%	17.4%	24.2%	17.4%	23.7%
Put IV 25d	22.8%	19.1%	26.9%	19.1%	26.0%
Bid-Ask Spread %	26.60	16.27	41.90	19.74	19.06
Gamma HHI	0.10	0.04	0.47	0.05	0.04
Net GEX	101.0M	-44.5M	329.5M	121.7M	-264.8K
Net DEX	-1.11B	-2.66B	644.3M	-2.23B	209.2M
Net VEX	-12.4M	-14.0M	-11.3M	-11.3M	-14.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.51	1.20	0.70	1.17
Total Volume	650,596.364	287,580	1,146,740	1,038,840	559,640
Total OI	3,808,202.727	3,125,920	4,327,320	3,359,120	3,748,100

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
2015-03-02	$28.58	$26.50	18.2%	5.4%	18.9%	8.9%	19.3%	1.6%	-0.7%	121.7M	-2.23B	-11.3M	0.70	19.74	612,180	426,660	1,781,840	1,577,280
2015-03-03	$28.69	$26.63	18.5%	5.2%	17.6%	9.8%	18.6%	1.6%	-0.9%	138.2M	-2.48B	-11.7M	0.76	20.96	491,940	374,200	1,927,120	1,722,760
2015-03-04	$28.66	$26.75	18.3%	5.4%	17.7%	9.2%	19.4%	1.2%	-0.1%	133.0M	-2.43B	-11.8M	0.68	20.23	478,220	325,820	1,991,980	1,817,840
2015-03-05	$28.77	$27.00	18.0%	6.4%	16.5%	8.2%	22.4%	1.8%	-0.1%	143.1M	-2.66B	-11.9M	0.85	22.85	375,200	317,780	2,064,260	1,889,300
2015-03-06	$28.36	$27.00	18.6%	6.5%	17.7%	10.1%	22.9%	1.8%	-0.1%	53.3M	-1.87B	-12.1M	0.80	21.78	637,200	509,540	2,107,080	1,936,860
2015-03-09	$28.44	$27.25	18.3%	6.5%	17.7%	9.2%	23.0%	1.7%	4.5%	120.1M	-1.92B	-12.0M	0.98	21.30	145,060	142,520	1,992,560	1,738,660
2015-03-10	$27.75	$27.25	20.3%	6.9%	20.1%	15.9%	24.0%	2.5%	4.0%	61.8M	-965.2M	-12.1M	0.97	22.70	249,420	242,360	2,029,780	1,792,680
2015-03-11	$27.56	$27.50	20.1%	7.0%	19.6%	15.2%	24.5%	1.1%	4.2%	61.7M	-729.6M	-12.1M	0.77	19.98	268,280	205,500	2,103,940	1,836,660
2015-03-12	$27.78	$27.25	19.8%	6.7%	19.7%	14.0%	23.7%	1.7%	4.2%	81.3M	-1.05B	-12.1M	0.56	21.19	320,440	178,700	2,156,560	1,882,060
2015-03-13	$27.37	$27.25	20.7%	6.7%	20.0%	17.2%	23.7%	2.1%	4.1%	142.1M	-353.2M	-11.7M	0.66	22.97	573,340	381,200	2,161,040	1,909,820
2015-03-16	$27.73	$27.25	22.5%	6.7%	20.3%	23.3%	23.6%	2.3%	-0.1%	122.3M	-1.06B	-11.5M	0.71	16.27	274,360	193,500	1,936,540	1,739,680
2015-03-17	$27.54	$27.50	23.0%	6.8%	20.0%	25.0%	23.1%	2.5%	-0.2%	111.7M	-798.9M	-11.7M	0.78	29.16	280,800	218,600	2,010,160	1,797,660
2015-03-18	$27.98	$27.75	23.6%	6.8%	20.5%	26.7%	23.8%	2.6%	-0.4%	196.8M	-1.46B	-12.1M	0.68	41.90	434,740	297,400	2,127,260	1,896,060
2015-03-19	$27.90	$27.75	23.4%	6.7%	20.5%	26.2%	23.6%	2.4%	-0.7%	244.3M	-1.40B	-12.7M	0.75	29.42	229,660	173,240	2,264,460	2,014,260
2015-03-20	$28.02	$27.75	22.0%	6.4%	20.2%	21.6%	22.2%	2.0%	-0.5%	329.5M	-1.57B	-12.4M	0.51	38.51	447,960	230,160	2,282,300	2,045,020
2015-03-23	$27.94	$27.75	22.4%	6.6%	19.5%	22.7%	23.2%	2.3%	-0.4%	70.6M	-690.3M	-12.7M	0.82	29.34	177,760	145,960	1,583,760	1,542,160
2015-03-24	$28.51	$27.75	22.3%	6.6%	20.5%	22.3%	22.7%	2.2%	-0.4%	107.1M	-1.42B	-12.8M	0.93	37.44	468,100	434,300	1,660,620	1,615,160
2015-03-25	$27.94	$28.25	24.0%	7.1%	21.6%	28.1%	22.1%	2.5%	-0.6%	17.6M	-255.7M	-13.2M	0.79	32.63	367,020	289,420	1,814,980	1,844,200
2015-03-26	$27.79	$28.25	24.5%	7.2%	20.2%	29.8%	24.4%	2.5%	-0.5%	2.4M	152.4M	-13.6M	1.20	36.84	325,260	391,260	1,935,540	1,945,520
2015-03-27	$27.42	$28.25	25.1%	7.3%	20.7%	31.9%	25.4%	2.6%	-1.1%	-44.5M	644.3M	-13.5M	0.72	25.65	342,160	244,880	1,995,060	2,000,300
2015-03-30	$27.59	$28.25	24.4%	7.4%	18.8%	29.5%	24.8%	2.5%	-0.8%	8.7M	-8.5M	-13.2M	1.01	35.16	264,960	266,420	1,752,500	1,809,080
2015-03-31	$27.43	$28.25	24.6%	7.6%	18.8%	30.1%	24.8%	2.4%	-0.6%	-264.8K	209.2M	-14.0M	1.17	19.06	257,640	302,000	1,858,580	1,889,520