GOOG Options History — February 2023

In February 2023, GOOG traded between $89.31 and $108.10. ATM implied volatility averaged 34.4%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 14.1% (HV 20d: 48.4%). Max pain ranged from $95.00 to $99.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.50.

Notable Days

2023-02-09: Highest Volume — 953,700 contracts
2023-02-03: Largest IV drop — 27.9% change
2023-02-02: Highest IV Rank — 67.4%
2023-02-01: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$96.76	$89.31	$108.10	$101.87	$90.63
Max Pain	$97.26	$95.00	$99.00	$95.00	$95.00
ATM IV	34.4%	29.8%	41.3%	34.1%	31.9%
Expected Move	9.9%	8.7%	11.6%	11.6%	9.2%
HV 20d	48.4%	33.8%	54.8%	33.8%	47.9%
HV 60d	39.2%	35.9%	40.2%	35.9%	38.6%
IV Rank	37.3%	18.1%	67.4%	36.7%	26.5%
IV Percentile	42.0%	14.3%	81.3%	45.2%	20.6%
Term Structure	-0.3%	-2.1%	0.8%	-0.5%	-0.4%
VWIV	35.2%	31.3%	41.2%	41.2%	32.6%
Skew 25d	2.6%	0.3%	4.2%	4.2%	3.9%
Skew 10d	4.8%	-0.1%	8.0%	8.0%	6.7%
Call IV 25d	33.7%	29.2%	42.1%	32.5%	30.5%
Put IV 25d	36.3%	31.6%	42.4%	36.7%	34.4%
Bid-Ask Spread %	7.27	4.44	14.26	14.26	8.37
Gamma HHI	0.04	0.03	0.07	0.03	0.05
Net GEX	40.5M	-15.4M	120.7M	47.5M	57.9M
Net DEX	-771.9M	-4.14B	1.24B	-2.15B	235.4M
Net VEX	-36.3M	-38.4M	-34.1M	-34.1M	-35.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.33	0.68	0.67	0.50
Total Volume	394,535.474	153,670	953,700	153,670	188,299
Total OI	2,537,190.737	2,115,132	2,831,117	2,115,132	2,719,735

Daily Data (19 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
2023-02-01	$101.87	$95.00	34.1%	11.6%	33.8%	36.7%	41.2%	4.2%	-0.5%	47.5M	-2.15B	-34.1M	0.67	14.26	91,762	61,908	1,191,018	924,114
2023-02-02	$108.10	$99.00	41.3%	11.2%	37.0%	67.4%	38.9%	0.3%	-2.1%	71.8M	-4.00B	-36.5M	0.58	7.45	366,446	210,938	1,189,685	939,236
2023-02-03	$105.13	$99.00	29.8%	8.7%	38.9%	18.1%	31.3%	2.4%	-0.0%	81.3M	-2.96B	-35.8M	0.44	4.95	436,934	191,829	1,289,690	1,018,603
2023-02-06	$103.44	$99.00	31.7%	9.1%	39.8%	26.4%	33.0%	1.9%	-0.1%	54.2M	-2.38B	-35.9M	0.47	4.44	136,343	64,374	1,253,845	969,987
2023-02-07	$108.05	$99.00	32.6%	9.4%	41.8%	30.2%	33.5%	1.5%	0.1%	120.7M	-4.14B	-37.3M	0.38	5.31	240,596	91,503	1,291,826	980,595
2023-02-08	$99.84	$99.00	36.0%	10.3%	52.3%	44.7%	36.3%	2.6%	-0.1%	21.7M	-1.23B	-36.4M	0.61	6.10	449,134	276,200	1,338,580	1,007,451
2023-02-09	$94.97	$99.00	39.3%	11.3%	54.8%	58.7%	39.7%	2.2%	-0.1%	-15.4M	446.5M	-35.9M	0.52	6.75	626,095	327,605	1,473,278	1,081,181
2023-02-10	$94.97	$99.00	36.8%	10.6%	54.7%	48.2%	37.5%	2.0%	0.0%	3.0M	187.1M	-37.3M	0.42	6.93	375,367	159,237	1,654,854	1,164,898
2023-02-13	$94.82	$98.00	36.9%	10.6%	54.6%	47.9%	37.7%	2.5%	0.0%	28.3M	-137.6M	-37.2M	0.43	6.15	250,492	108,106	1,530,182	1,088,490
2023-02-14	$95.05	$97.50	33.5%	9.6%	54.5%	33.0%	34.5%	2.2%	0.2%	39.5M	-228.2M	-37.1M	0.45	6.71	249,117	112,409	1,591,577	1,117,160
2023-02-15	$96.69	$97.50	32.8%	9.4%	54.8%	30.0%	33.7%	1.8%	0.4%	94.5M	-1.23B	-38.4M	0.40	6.29	263,232	105,555	1,640,814	1,126,921
2023-02-16	$95.81	$97.00	33.4%	9.6%	54.6%	32.8%	34.0%	2.3%	0.4%	66.4M	-754.5M	-38.4M	0.44	5.86	227,624	100,200	1,653,597	1,132,761
2023-02-17	$94.55	$97.00	32.6%	9.3%	51.4%	29.5%	33.2%	2.9%	0.8%	21.9M	6.4M	-37.4M	0.57	6.88	208,164	119,686	1,677,787	1,153,330
2023-02-21	$92.35	$97.00	35.3%	10.1%	51.1%	41.0%	35.9%	3.7%	-0.7%	9.2M	570.6M	-35.7M	0.33	7.73	218,618	72,765	1,475,103	1,019,823
2023-02-22	$91.79	$96.00	34.8%	9.9%	50.7%	38.8%	36.2%	3.1%	-0.8%	39.8M	520.6M	-35.9M	0.68	7.38	161,045	109,537	1,555,481	1,043,133
2023-02-23	$91.20	$95.00	33.6%	9.6%	50.1%	33.6%	33.9%	3.5%	-0.8%	15.5M	674.3M	-35.6M	0.51	10.57	175,073	89,642	1,584,818	1,043,564
2023-02-24	$89.31	$95.00	34.0%	9.7%	49.1%	35.4%	33.5%	3.4%	-1.0%	-4.4M	1.24B	-34.6M	0.54	7.22	173,108	93,912	1,642,824	1,050,083
2023-02-27	$89.95	$95.00	32.9%	9.5%	48.5%	30.6%	32.9%	3.7%	-0.5%	15.8M	663.7M	-34.9M	0.46	8.84	248,764	114,555	1,571,454	1,019,146
2023-02-28	$90.63	$95.00	31.9%	9.2%	47.9%	26.5%	32.6%	3.9%	-0.4%	57.9M	235.4M	-35.7M	0.50	8.37	125,536	62,763	1,666,273	1,053,462