GOOG Options History — January 2025

In January 2025, GOOG traded between $190.29 and $205.34. ATM implied volatility averaged 34.2%, placing in the 69.4% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 6.5% (HV 20d: 27.8%). Max pain ranged from $160.00 to $175.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.44.

Notable Days

2025-01-31: Highest Volume — 231,240 contracts
2025-01-06: Largest IV spike — 10.7% change
2025-01-29: Highest IV Rank — 82.2%
2025-01-29: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$196.71	$190.29	$205.34	$190.41	$205.34
Max Pain	$168.75	$160.00	$175.00	$160.00	$165.00
ATM IV	34.2%	29.8%	36.9%	31.6%	35.6%
Expected Move	9.6%	6.7%	11.5%	7.5%	11.1%
HV 20d	27.8%	21.4%	35.5%	35.2%	26.5%
HV 60d	30.1%	29.1%	31.5%	29.1%	31.0%
IV Rank	69.4%	47.8%	82.2%	56.4%	76.2%
IV Percentile	87.1%	70.6%	97.2%	78.2%	91.7%
Term Structure	-1.3%	-2.5%	3.2%	2.1%	-1.6%
VWIV	33.7%	23.7%	40.1%	26.7%	39.2%
Skew 25d	1.6%	1.0%	2.7%	2.2%	1.2%
Skew 10d	4.0%	2.1%	6.6%	5.4%	3.5%
Call IV 25d	33.7%	28.5%	36.3%	30.7%	35.5%
Put IV 25d	35.3%	30.8%	37.7%	32.9%	36.8%
Bid-Ask Spread %	3.36	1.85	5.19	2.56	1.85
Gamma HHI	0.13	0.08	0.23	0.11	0.23
Net GEX	189.7M	90.6M	265.6M	189.2M	245.7M
Net DEX	-7.13B	-8.87B	-4.70B	-6.99B	-7.41B
Net VEX	-28.4M	-29.9M	-27.1M	-28.4M	-29.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.30	0.74	0.60	0.54
Total Volume	137,908.35	84,106	231,240	104,474	231,240
Total OI	1,259,036.05	1,001,298	1,443,232	1,364,127	1,154,717

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
2025-01-02	$190.41	$160.00	31.6%	7.5%	35.2%	56.4%	26.7%	2.2%	2.1%	189.2M	-6.99B	-28.4M	0.60	2.56	65,308	39,166	805,811	558,316
2025-01-03	$193.06	$160.00	29.8%	6.7%	34.9%	47.8%	23.7%	2.2%	3.2%	235.2M	-7.71B	-28.5M	0.30	2.65	91,662	27,130	818,294	571,280
2025-01-06	$197.14	$175.00	33.0%	8.9%	35.2%	63.5%	31.8%	1.1%	-0.7%	256.0M	-8.73B	-28.1M	0.40	3.63	114,518	45,749	790,016	556,235
2025-01-07	$196.49	$175.00	34.6%	9.1%	35.3%	71.3%	32.2%	1.6%	-0.5%	252.3M	-8.66B	-28.4M	0.38	5.19	118,973	44,906	817,938	574,215
2025-01-08	$195.31	$175.00	34.4%	9.0%	35.5%	70.0%	31.7%	1.6%	-1.3%	207.6M	-8.23B	-28.4M	0.46	3.59	76,602	35,182	820,607	583,611
2025-01-10	$193.29	$175.00	35.6%	9.4%	30.9%	76.0%	33.2%	2.2%	-1.3%	160.0M	-7.60B	-28.4M	0.56	4.18	100,174	55,992	826,257	591,770
2025-01-13	$192.08	$175.00	35.3%	9.4%	25.6%	74.5%	32.7%	2.1%	-1.9%	177.1M	-7.33B	-27.9M	0.46	3.42	80,261	36,552	794,897	577,818
2025-01-14	$190.29	$175.00	34.7%	9.3%	25.6%	71.6%	32.6%	2.7%	-2.1%	155.7M	-6.90B	-27.9M	0.51	3.53	60,109	30,577	805,747	588,737
2025-01-15	$197.14	$175.00	33.0%	8.9%	28.4%	63.4%	31.9%	1.8%	-1.9%	265.6M	-8.71B	-27.3M	0.37	3.01	90,568	33,393	811,957	595,545
2025-01-16	$195.06	$175.00	32.4%	8.8%	25.4%	60.4%	31.2%	1.6%	-1.9%	214.9M	-8.12B	-27.5M	0.50	3.40	60,929	30,281	826,109	605,439
2025-01-17	$197.93	$175.00	32.5%	8.8%	25.7%	60.9%	31.4%	1.6%	-2.5%	195.2M	-8.87B	-27.7M	0.34	2.92	122,437	41,266	833,074	610,158
2025-01-21	$200.16	$160.00	33.3%	9.4%	21.6%	64.5%	33.1%	1.4%	-1.9%	167.3M	-6.13B	-27.1M	0.33	2.75	123,679	40,316	590,735	410,563
2025-01-22	$199.69	$165.00	33.7%	9.7%	21.7%	66.5%	33.9%	1.3%	-1.9%	177.5M	-6.09B	-28.1M	0.36	3.49	85,957	30,854	631,026	425,213
2025-01-23	$198.53	$165.00	34.2%	9.9%	21.4%	69.4%	34.9%	1.4%	-2.1%	170.2M	-5.84B	-28.2M	0.40	2.89	114,759	46,272	642,707	436,227
2025-01-24	$201.63	$165.00	34.4%	10.1%	21.5%	70.1%	35.3%	1.0%	-2.1%	156.4M	-6.58B	-28.7M	0.42	2.61	120,894	51,368	661,554	451,243
2025-01-27	$193.72	$165.00	36.8%	11.2%	26.0%	81.9%	39.4%	1.9%	-1.5%	90.6M	-4.70B	-29.1M	0.74	4.23	102,647	75,637	620,419	435,964
2025-01-28	$196.95	$165.00	36.8%	11.3%	26.7%	82.1%	39.7%	1.6%	-1.8%	127.1M	-5.45B	-29.9M	0.35	3.00	73,330	25,339	646,037	456,737
2025-01-29	$197.62	$165.00	36.9%	11.5%	25.5%	82.2%	40.1%	1.3%	-1.8%	137.4M	-5.66B	-29.4M	0.33	3.82	63,042	21,064	656,845	462,628
2025-01-30	$202.37	$165.00	36.1%	11.2%	26.7%	78.4%	39.3%	1.0%	-1.8%	213.5M	-6.80B	-29.2M	0.50	4.38	99,999	50,035	667,378	466,897
2025-01-31	$205.34	$165.00	35.6%	11.1%	26.5%	76.2%	39.2%	1.2%	-1.6%	245.7M	-7.41B	-29.3M	0.54	1.85	150,308	80,932	673,621	481,096