GOOG Options History — April 2020

In April 2020, GOOG traded between $54.17 and $67.87. ATM implied volatility averaged 40.7%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 18.9% (HV 20d: 59.7%). Max pain ranged from $60.00 to $63.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.85.

Notable Days

2020-04-29: Highest Volume — 938,620 contracts
2020-04-29: Largest IV drop — 25.2% change
2020-04-01: Highest IV Rank — 65.1%
2020-04-01: Largest Expected Move — 15.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.70	$54.17	$67.87	$55.24	$66.73
Max Pain	$61.45	$60.00	$63.00	$63.00	$62.00
ATM IV	40.7%	26.7%	54.9%	54.9%	28.4%
Expected Move	11.8%	7.9%	15.7%	15.7%	8.5%
HV 20d	59.7%	47.8%	73.4%	67.9%	55.7%
HV 60d	50.7%	45.8%	55.3%	45.8%	55.2%
IV Rank	42.7%	20.5%	65.1%	65.1%	23.3%
IV Percentile	88.8%	73.4%	97.2%	97.2%	78.6%
Term Structure	-1.3%	-2.4%	0.4%	-1.9%	0.3%
VWIV	41.8%	28.0%	55.3%	55.3%	30.1%
Skew 25d	9.3%	3.6%	15.5%	15.5%	3.9%
Skew 10d	16.9%	6.9%	24.3%	24.3%	8.0%
Call IV 25d	36.0%	25.1%	47.3%	47.3%	27.0%
Put IV 25d	45.3%	28.8%	62.8%	62.8%	30.8%
Bid-Ask Spread %	49.88	34.50	68.06	66.45	62.44
Gamma HHI	0.03	0.02	0.10	0.02	0.03
Net GEX	27.8M	-56.5M	127.0M	-29.0M	37.3M
Net DEX	-436.8M	-3.29B	2.25B	1.83B	-2.30B
Net VEX	-24.0M	-26.6M	-19.5M	-20.8M	-26.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.53	1.23	0.84	1.07
Total Volume	376,133.333	214,020	938,620	291,180	358,580
Total OI	2,780,176.19	2,499,140	3,195,400	2,723,800	3,195,400

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
2020-04-01	$55.24	$63.00	54.9%	15.7%	67.9%	65.1%	55.3%	15.5%	-1.9%	-29.0M	1.83B	-20.8M	0.84	66.45	158,300	132,880	1,404,500	1,319,300
2020-04-02	$55.89	$62.00	51.1%	14.0%	67.0%	59.0%	49.3%	13.5%	-1.7%	-13.1M	1.52B	-21.1M	0.85	34.50	148,720	126,060	1,449,040	1,342,660
2020-04-03	$54.17	$62.50	49.5%	13.7%	67.3%	56.6%	45.2%	12.1%	-1.1%	-56.5M	2.25B	-19.5M	0.70	38.99	207,300	144,840	1,477,600	1,366,380
2020-04-06	$58.88	$62.00	41.0%	11.2%	73.4%	43.0%	41.0%	10.9%	-1.5%	9.7M	517.8M	-21.5M	0.82	51.18	196,140	161,280	1,343,520	1,211,320
2020-04-07	$60.00	$62.00	41.3%	11.4%	73.1%	43.6%	41.5%	11.5%	-1.2%	28.0M	-54.8M	-22.3M	0.99	42.56	191,160	188,380	1,409,940	1,271,200
2020-04-08	$60.38	$62.00	39.5%	11.0%	72.0%	40.8%	40.9%	11.4%	-1.3%	41.5M	-233.5M	-22.5M	1.01	42.99	148,100	148,860	1,453,280	1,340,200
2020-04-09	$60.39	$61.00	39.4%	11.0%	66.8%	40.5%	40.0%	9.7%	-0.9%	67.3M	-269.5M	-22.7M	0.99	47.71	173,580	171,420	1,502,300	1,398,300
2020-04-13	$60.35	$60.50	40.3%	11.5%	65.6%	42.1%	41.3%	10.4%	-1.0%	8.8M	195.5M	-22.7M	1.23	47.41	122,400	150,860	1,378,840	1,255,680
2020-04-14	$63.76	$60.50	38.1%	10.9%	62.6%	38.5%	37.2%	9.1%	-1.5%	42.4M	-1.27B	-24.3M	0.53	48.15	313,460	166,160	1,443,600	1,332,480
2020-04-15	$63.44	$60.50	40.4%	11.6%	62.6%	42.1%	40.4%	9.3%	-1.1%	39.7M	-1.10B	-24.9M	0.65	43.86	188,580	122,100	1,476,420	1,354,760
2020-04-16	$62.64	$62.00	43.3%	12.5%	59.8%	46.7%	42.8%	9.2%	-1.7%	22.2M	-751.5M	-24.8M	0.67	42.70	290,460	194,040	1,485,360	1,424,840
2020-04-17	$64.12	$62.00	40.4%	11.7%	55.5%	42.1%	40.8%	8.2%	-2.4%	63.7M	-1.50B	-25.5M	0.56	52.16	264,700	147,000	1,533,060	1,477,280
2020-04-20	$63.39	$62.00	41.9%	12.4%	51.8%	44.5%	44.5%	7.9%	-1.5%	29.5M	-795.2M	-25.3M	0.76	46.51	121,780	92,240	1,273,380	1,225,760
2020-04-21	$61.06	$62.00	45.8%	13.7%	51.9%	50.7%	46.3%	10.0%	-1.9%	-14.8M	159.4M	-24.8M	0.94	47.17	168,000	158,220	1,297,480	1,277,180
2020-04-22	$63.63	$62.00	42.3%	12.6%	48.1%	45.1%	46.7%	9.3%	-1.8%	38.1M	-927.0M	-26.3M	0.83	48.18	177,460	146,500	1,339,720	1,356,000
2020-04-23	$63.85	$60.00	40.7%	12.3%	48.1%	42.6%	43.1%	9.3%	-1.5%	53.4M	-1.06B	-26.3M	0.71	48.57	150,560	106,980	1,383,780	1,376,300
2020-04-24	$63.94	$60.50	38.1%	11.6%	48.0%	38.6%	42.2%	8.6%	-1.3%	73.5M	-1.07B	-26.1M	0.80	53.66	206,000	164,680	1,403,140	1,407,620
2020-04-27	$63.95	$60.50	36.4%	11.6%	47.8%	35.8%	41.3%	7.0%	-1.0%	20.0M	-905.7M	-25.5M	0.86	53.14	130,080	111,840	1,329,780	1,279,060
2020-04-28	$61.94	$60.50	35.7%	11.8%	49.5%	34.7%	40.8%	4.3%	-1.2%	-5.8M	-124.8M	-24.8M	1.05	61.11	298,040	312,440	1,378,540	1,339,380
2020-04-29	$67.87	$61.00	26.7%	7.9%	58.5%	20.5%	28.0%	3.6%	0.4%	127.0M	-3.29B	-25.6M	0.93	68.06	487,420	451,200	1,536,280	1,533,040
2020-04-30	$66.73	$62.00	28.4%	8.5%	55.7%	23.3%	30.1%	3.9%	0.3%	37.3M	-2.30B	-26.6M	1.07	62.44	173,360	185,220	1,543,940	1,651,460