GOOG Options History — December 2023

In December 2023, GOOG traded between $130.55 and $142.75. ATM implied volatility averaged 22.5%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 2.2% (HV 20d: 24.7%). Max pain ranged from $117.50 to $125.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.55.

Notable Days

2023-12-07: Highest Volume — 355,397 contracts
2023-12-04: Largest IV spike — 10.7% change
2023-12-29: Highest IV Rank — 24.3%
2023-12-20: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$136.88	$130.55	$142.75	$133.24	$141.03
Max Pain	$117.88	$117.50	$125.00	$125.00	$117.50
ATM IV	22.5%	20.1%	24.8%	20.1%	24.8%
Expected Move	6.4%	5.9%	6.8%	5.9%	6.1%
HV 20d	24.7%	18.1%	27.0%	18.1%	24.7%
HV 60d	31.1%	29.9%	31.9%	29.9%	30.3%
IV Rank	14.0%	3.4%	24.3%	3.4%	24.3%
IV Percentile	12.6%	2.0%	28.2%	2.0%	28.2%
Term Structure	1.5%	-0.4%	6.6%	0.2%	6.6%
VWIV	22.5%	21.0%	24.1%	21.3%	21.3%
Skew 25d	1.1%	0.4%	2.0%	1.8%	1.4%
Skew 10d	2.5%	1.3%	4.2%	3.7%	3.1%
Call IV 25d	22.1%	19.2%	23.5%	19.2%	21.9%
Put IV 25d	23.2%	21.1%	24.5%	21.1%	23.3%
Bid-Ask Spread %	4.72	1.97	11.95	11.95	2.22
Gamma HHI	0.05	0.04	0.08	0.04	0.08
Net GEX	233.7M	90.3M	383.5M	124.5M	321.6M
Net DEX	-7.22B	-9.58B	-4.87B	-5.70B	-8.04B
Net VEX	-31.8M	-32.9M	-30.9M	-31.8M	-30.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.31	0.76	0.70	0.48
Total Volume	173,310.9	77,926	355,397	172,795	129,008
Total OI	2,302,624.1	2,141,663	2,445,065	2,340,634	2,265,235

Daily Data (20 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
2023-12-01	$133.24	$125.00	20.1%	5.9%	18.1%	3.4%	21.3%	1.8%	0.2%	124.5M	-5.70B	-31.8M	0.70	11.95	101,497	71,298	1,332,111	1,008,523
2023-12-04	$130.55	$117.50	22.2%	6.5%	19.1%	12.8%	22.9%	2.0%	0.4%	90.3M	-4.87B	-31.3M	0.52	3.75	94,313	49,422	1,271,166	988,085
2023-12-05	$132.24	$117.50	22.3%	6.5%	19.5%	13.3%	22.5%	1.5%	0.3%	153.9M	-5.72B	-32.0M	0.45	7.79	84,390	38,159	1,301,416	998,101
2023-12-06	$131.68	$117.50	22.4%	6.5%	19.1%	13.6%	23.1%	1.3%	0.3%	121.5M	-5.40B	-31.9M	0.41	4.90	73,295	30,386	1,308,330	1,017,364
2023-12-07	$138.31	$117.50	22.4%	6.5%	26.0%	13.5%	23.0%	0.4%	0.4%	308.0M	-8.76B	-32.9M	0.59	5.38	223,099	132,298	1,329,721	1,017,873
2023-12-08	$136.69	$117.50	21.3%	6.3%	26.0%	9.1%	21.9%	0.7%	0.4%	166.3M	-7.60B	-32.4M	0.76	2.91	151,953	115,306	1,345,195	1,061,278
2023-12-11	$134.41	$117.50	22.0%	6.3%	26.1%	11.9%	22.2%	1.1%	-0.4%	145.0M	-6.42B	-32.3M	0.60	7.18	86,722	52,337	1,303,348	1,042,702
2023-12-12	$133.64	$117.50	21.2%	6.2%	26.1%	8.3%	21.4%	0.8%	0.2%	153.2M	-6.10B	-31.7M	0.49	3.72	79,560	38,990	1,325,946	1,044,969
2023-12-13	$133.66	$117.50	21.3%	6.1%	25.5%	8.8%	21.0%	0.8%	0.0%	164.0M	-6.19B	-31.8M	0.45	7.57	82,907	37,206	1,340,065	1,048,246
2023-12-14	$132.91	$117.50	22.2%	6.4%	25.5%	13.0%	22.6%	0.4%	-0.2%	146.3M	-5.86B	-31.4M	0.31	4.60	166,356	51,646	1,354,060	1,051,291
2023-12-15	$133.78	$117.50	21.6%	6.2%	24.9%	10.2%	22.0%	0.8%	0.0%	235.5M	-6.34B	-31.2M	0.38	4.45	160,438	61,677	1,385,330	1,059,735
2023-12-18	$137.47	$117.50	22.3%	6.4%	26.6%	13.1%	22.6%	1.0%	0.8%	297.1M	-7.30B	-31.8M	0.56	4.09	141,536	79,073	1,222,883	918,780
2023-12-19	$138.36	$117.50	22.3%	6.4%	26.6%	13.4%	22.8%	0.8%	0.8%	299.8M	-7.63B	-31.6M	0.61	4.23	87,445	52,928	1,236,060	948,120
2023-12-20	$139.93	$117.50	23.5%	6.8%	26.9%	18.7%	24.1%	1.0%	0.7%	319.6M	-8.35B	-31.9M	0.65	5.13	211,025	137,647	1,247,314	967,681
2023-12-21	$141.70	$117.50	23.5%	6.7%	27.0%	18.7%	23.8%	0.9%	0.8%	306.4M	-9.07B	-32.7M	0.71	4.26	95,247	67,970	1,281,937	1,010,835
2023-12-22	$142.59	$117.50	23.0%	6.5%	26.5%	16.3%	23.2%	1.2%	0.8%	383.5M	-9.58B	-32.4M	0.52	2.02	127,206	65,540	1,297,489	1,023,973
2023-12-26	$142.75	$117.50	23.4%	6.5%	26.5%	17.9%	23.3%	1.3%	6.3%	321.0M	-8.92B	-31.6M	0.75	2.96	60,416	45,033	1,245,243	964,699
2023-12-27	$141.28	$117.50	23.4%	6.5%	26.9%	18.2%	23.0%	1.1%	5.9%	299.1M	-8.24B	-31.6M	0.52	1.97	68,856	36,107	1,261,843	970,306
2023-12-28	$141.45	$117.50	24.1%	6.2%	26.3%	21.4%	22.3%	1.3%	6.3%	318.3M	-8.28B	-31.5M	0.49	3.27	52,279	25,647	1,274,380	980,849
2023-12-29	$141.03	$117.50	24.8%	6.1%	24.7%	24.3%	21.3%	1.4%	6.6%	321.6M	-8.04B	-30.9M	0.48	2.22	87,273	41,735	1,277,481	987,754