GOOG Options History — May 2023

In May 2023, GOOG traded between $105.31 and $125.78. ATM implied volatility averaged 27.3%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 1.1% (HV 20d: 28.4%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.60.

Notable Days

2023-05-11: Highest Volume — 666,928 contracts
2023-05-05: Largest IV drop — 9.4% change
2023-05-04: Highest IV Rank — 20.0%
2023-05-04: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.91	$105.31	$125.78	$107.90	$124.40
Max Pain	$102.50	$100.00	$105.00	$105.00	$105.00
ATM IV	27.3%	25.7%	30.2%	26.5%	27.8%
Expected Move	8.0%	7.4%	8.9%	7.8%	8.4%
HV 20d	28.4%	25.5%	30.6%	27.6%	27.0%
HV 60d	29.8%	27.2%	34.8%	34.8%	29.2%
IV Rank	6.8%	0.0%	20.0%	2.6%	10.2%
IV Percentile	4.6%	0.0%	11.1%	1.6%	9.9%
Term Structure	-0.1%	-1.5%	1.2%	0.1%	-0.7%
VWIV	28.7%	26.5%	31.7%	27.8%	30.8%
Skew 25d	3.6%	2.5%	4.6%	3.8%	2.5%
Skew 10d	6.9%	4.3%	8.6%	7.8%	4.3%
Call IV 25d	25.8%	24.4%	28.2%	24.7%	26.9%
Put IV 25d	29.4%	27.8%	32.6%	28.5%	29.3%
Bid-Ask Spread %	4.96	2.77	7.75	5.24	7.69
Gamma HHI	0.08	0.04	0.31	0.06	0.06
Net GEX	189.9M	45.3M	411.1M	122.8M	199.7M
Net DEX	-7.30B	-10.67B	-3.00B	-4.17B	-8.97B
Net VEX	-45.4M	-48.6M	-42.8M	-43.0M	-48.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.33	1.04	0.92	0.51
Total Volume	283,436.364	107,326	666,928	132,448	143,796
Total OI	2,743,462.045	2,544,571	2,957,009	2,544,571	2,836,818

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
2023-05-01	$107.90	$105.00	26.5%	7.8%	27.6%	2.6%	27.8%	3.8%	0.1%	122.8M	-4.17B	-43.0M	0.92	5.24	69,075	63,373	1,442,880	1,101,691
2023-05-02	$105.94	$105.00	28.3%	8.4%	28.4%	11.3%	28.6%	4.6%	-0.0%	73.3M	-3.34B	-43.4M	1.04	6.99	77,964	81,397	1,468,596	1,131,230
2023-05-03	$106.27	$105.00	29.3%	8.5%	28.4%	15.7%	29.4%	4.4%	-1.5%	80.8M	-3.45B	-43.4M	0.59	5.83	89,601	52,983	1,478,068	1,139,196
2023-05-04	$105.31	$100.00	30.2%	8.9%	28.6%	20.0%	31.7%	4.4%	-1.4%	51.0M	-3.00B	-43.0M	1.00	6.82	78,077	77,870	1,494,529	1,146,797
2023-05-05	$106.23	$100.00	27.3%	8.2%	25.5%	6.4%	28.1%	4.3%	-0.0%	45.3M	-3.45B	-43.2M	0.71	2.92	97,595	69,391	1,506,651	1,170,293
2023-05-08	$108.19	$100.00	27.0%	8.0%	25.5%	4.7%	28.3%	4.0%	0.9%	106.8M	-4.31B	-42.8M	0.64	7.06	65,549	41,777	1,455,134	1,126,720
2023-05-09	$108.09	$100.00	28.0%	8.3%	25.5%	9.9%	29.4%	4.0%	0.6%	108.7M	-4.32B	-43.3M	0.39	3.24	159,188	62,426	1,467,756	1,135,738
2023-05-10	$112.63	$100.00	27.0%	7.9%	28.9%	4.9%	28.3%	3.1%	0.6%	199.1M	-6.40B	-43.9M	0.42	6.71	298,974	124,286	1,492,937	1,157,755
2023-05-11	$117.13	$100.00	27.5%	8.0%	30.6%	7.2%	28.4%	3.2%	0.6%	218.0M	-8.41B	-44.6M	0.69	2.91	395,314	271,614	1,525,462	1,186,256
2023-05-12	$117.95	$100.00	26.2%	7.7%	30.5%	1.2%	27.7%	3.5%	1.2%	388.1M	-8.59B	-45.4M	0.53	3.18	224,218	119,517	1,573,997	1,259,672
2023-05-15	$117.12	$100.00	26.1%	7.5%	28.4%	0.5%	26.7%	3.8%	-0.1%	198.7M	-7.70B	-45.0M	0.91	2.92	106,979	97,664	1,518,795	1,196,589
2023-05-16	$120.43	$100.00	26.9%	7.7%	28.7%	4.6%	27.8%	3.8%	-0.7%	222.5M	-9.12B	-45.7M	0.51	2.77	249,710	127,901	1,538,077	1,221,330
2023-05-17	$121.52	$100.00	26.0%	7.5%	28.5%	0.2%	26.7%	3.4%	-0.6%	232.2M	-9.66B	-45.9M	0.54	3.77	180,115	97,106	1,593,977	1,267,794
2023-05-18	$123.81	$102.50	25.8%	7.4%	28.8%	0.0%	26.6%	2.9%	-0.4%	248.1M	-10.67B	-45.4M	0.40	6.93	263,811	106,400	1,604,499	1,286,401
2023-05-19	$123.12	$102.50	25.7%	7.4%	29.1%	0.0%	26.5%	3.3%	-0.6%	411.1M	-10.48B	-46.3M	0.41	2.88	380,697	154,645	1,639,381	1,317,628
2023-05-22	$125.78	$105.00	26.0%	7.6%	29.4%	1.8%	28.0%	3.6%	0.2%	229.3M	-9.67B	-46.3M	0.48	6.54	244,134	116,802	1,514,057	1,164,251
2023-05-23	$123.69	$105.00	26.9%	7.9%	29.4%	5.7%	28.7%	3.8%	-0.0%	210.2M	-8.78B	-47.5M	0.59	3.07	137,473	80,696	1,585,393	1,196,688
2023-05-24	$121.63	$105.00	28.1%	8.3%	30.3%	11.7%	29.6%	3.9%	-0.2%	164.2M	-7.86B	-48.1M	0.81	5.86	100,212	81,143	1,609,460	1,211,939
2023-05-25	$124.59	$105.00	28.2%	8.3%	28.5%	12.0%	31.3%	3.1%	-0.1%	267.1M	-9.30B	-48.6M	0.39	2.84	276,258	106,959	1,628,743	1,225,956
2023-05-26	$125.65	$105.00	27.4%	8.1%	28.0%	8.2%	29.5%	3.1%	0.3%	191.5M	-9.78B	-48.5M	0.33	5.16	277,205	92,657	1,659,539	1,247,089
2023-05-30	$124.70	$105.00	28.1%	8.6%	28.4%	11.4%	31.4%	2.7%	-0.6%	210.4M	-9.17B	-47.9M	0.48	7.75	198,463	94,585	1,612,620	1,217,783
2023-05-31	$124.40	$105.00	27.8%	8.4%	27.0%	10.2%	30.8%	2.5%	-0.7%	199.7M	-8.97B	-48.3M	0.51	7.69	95,229	48,567	1,606,014	1,230,804