GOOG Options History — December 2025

In December 2025, GOOG traded between $298.52 and $321.47. ATM implied volatility averaged 27.9%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 4.0% (HV 20d: 31.9%). Max pain ranged from $220.00 to $240.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.56.

Notable Days

2025-12-12: Highest Volume — 276,733 contracts
2025-12-08: Largest IV spike — 7.8% change
2025-12-01: Highest IV Rank — 28.9%
2025-12-01: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$313.32	$298.52	$321.47	$316.25	$313.84
Max Pain	$229.09	$220.00	$240.00	$220.00	$240.00
ATM IV	27.9%	25.2%	32.2%	32.2%	26.7%
Expected Move	8.0%	7.0%	9.6%	9.6%	7.0%
HV 20d	31.9%	23.7%	37.1%	37.0%	23.7%
HV 60d	29.7%	29.1%	30.2%	29.3%	29.7%
IV Rank	14.0%	4.9%	28.9%	28.9%	5.9%
IV Percentile	22.1%	2.0%	58.7%	58.7%	12.3%
Term Structure	1.7%	-0.0%	8.3%	0.3%	7.7%
VWIV	28.5%	24.8%	34.3%	34.3%	25.0%
Skew 25d	2.0%	1.4%	3.1%	1.8%	2.4%
Skew 10d	4.3%	3.1%	5.9%	3.8%	5.2%
Call IV 25d	27.3%	24.2%	31.7%	31.7%	26.0%
Put IV 25d	29.3%	25.9%	33.5%	33.5%	28.5%
Bid-Ask Spread %	6.72	2.98	24.80	3.65	22.91
Gamma HHI	0.09	0.05	0.39	0.06	0.08
Net GEX	310.0M	69.1M	914.6M	275.9M	278.8M
Net DEX	-18.81B	-23.09B	-15.06B	-21.25B	-15.87B
Net VEX	-58.0M	-59.7M	-55.9M	-59.2M	-57.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.37	0.87	0.87	0.55
Total Volume	195,320.273	80,740	276,733	233,059	90,990
Total OI	1,904,312.636	1,683,011	2,053,980	1,884,599	1,756,324

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
2025-12-01	$316.25	$220.00	32.2%	9.6%	37.0%	28.9%	34.3%	1.8%	0.3%	275.9M	-21.25B	-59.2M	0.87	3.65	124,706	108,353	1,088,673	795,926
2025-12-02	$315.63	$220.00	30.6%	9.2%	37.1%	24.9%	32.3%	1.9%	0.5%	271.9M	-21.09B	-59.3M	0.58	3.36	129,373	74,433	1,118,090	822,584
2025-12-03	$321.47	$220.00	29.7%	8.7%	35.8%	22.3%	31.2%	1.7%	0.7%	368.6M	-22.98B	-58.9M	0.45	3.48	170,188	76,372	1,134,327	838,216
2025-12-04	$317.75	$220.00	29.4%	8.8%	35.8%	21.7%	31.7%	1.7%	0.8%	283.9M	-21.61B	-59.7M	0.62	3.77	143,786	88,507	1,151,332	850,678
2025-12-05	$321.34	$220.00	28.2%	8.5%	35.9%	18.7%	30.0%	1.4%	1.0%	446.9M	-23.09B	-58.5M	0.61	4.00	155,140	94,906	1,175,582	869,676
2025-12-08	$312.81	$220.00	30.4%	8.9%	36.3%	24.1%	31.3%	1.8%	0.4%	223.2M	-19.51B	-58.8M	0.62	3.34	154,965	95,771	1,093,666	815,282
2025-12-09	$317.81	$220.00	29.1%	8.5%	34.3%	20.1%	30.1%	1.8%	0.5%	284.3M	-21.27B	-58.8M	0.43	3.64	109,858	47,337	1,138,620	842,790
2025-12-10	$321.47	$225.00	28.6%	8.4%	34.4%	18.3%	29.8%	1.6%	0.6%	323.5M	-22.41B	-58.1M	0.65	4.47	83,257	53,941	1,148,155	855,596
2025-12-11	$313.77	$225.00	29.3%	8.6%	35.4%	17.9%	30.3%	2.0%	0.7%	171.5M	-19.52B	-58.8M	0.58	4.93	144,695	83,638	1,154,779	868,148
2025-12-12	$310.37	$225.00	28.1%	8.2%	34.1%	13.1%	28.8%	2.7%	0.8%	72.3M	-18.12B	-58.6M	0.53	4.13	180,332	96,401	1,167,766	886,214
2025-12-15	$308.83	$225.00	27.7%	8.0%	33.9%	11.9%	28.3%	2.4%	0.1%	232.5M	-18.41B	-56.9M	0.52	3.41	126,711	65,373	1,098,250	810,006
2025-12-16	$307.52	$230.00	27.5%	7.9%	32.9%	11.3%	28.6%	2.2%	0.1%	231.0M	-18.08B	-57.5M	0.44	3.71	145,398	64,071	1,126,099	827,244
2025-12-17	$298.52	$230.00	28.7%	8.2%	35.0%	14.5%	29.2%	3.1%	-0.0%	69.1M	-15.06B	-57.8M	0.56	4.13	176,118	99,511	1,140,870	845,015
2025-12-18	$304.05	$230.00	27.3%	7.8%	34.1%	10.8%	27.8%	2.8%	0.1%	188.0M	-17.38B	-58.3M	0.45	3.74	153,736	69,041	1,163,769	854,446
2025-12-19	$305.52	$235.00	26.2%	7.5%	33.6%	7.7%	26.4%	2.1%	0.3%	277.0M	-18.14B	-58.1M	0.51	24.80	143,849	72,675	1,179,252	865,242
2025-12-22	$311.23	$235.00	25.7%	7.3%	31.9%	6.4%	25.9%	2.2%	1.8%	294.0M	-15.91B	-56.6M	0.37	13.71	139,667	51,909	965,396	717,615
2025-12-23	$315.56	$240.00	25.4%	7.2%	24.4%	5.6%	25.7%	1.9%	1.4%	501.1M	-17.49B	-57.7M	0.53	3.54	136,726	71,922	1,011,916	732,201
2025-12-24	$314.93	$240.00	25.2%	7.1%	24.0%	4.9%	25.3%	1.8%	1.8%	462.1M	-16.97B	-58.1M	0.64	3.93	49,237	31,503	1,020,957	754,286
2025-12-26	$314.95	$240.00	25.2%	7.0%	23.9%	5.1%	25.1%	1.7%	1.9%	914.6M	-16.91B	-57.3M	0.58	15.69	94,353	54,725	1,028,992	760,424
2025-12-29	$314.39	$240.00	26.3%	7.1%	23.9%	7.9%	24.8%	1.7%	7.7%	311.6M	-16.27B	-55.9M	0.78	2.98	62,674	48,826	967,342	722,982
2025-12-30	$314.94	$240.00	25.8%	7.0%	23.7%	5.5%	25.1%	2.0%	8.3%	337.7M	-16.35B	-56.6M	0.44	6.42	91,518	40,554	986,587	743,563
2025-12-31	$313.84	$240.00	26.7%	7.0%	23.7%	5.9%	25.0%	2.4%	7.7%	278.8M	-15.87B	-57.0M	0.55	22.91	58,870	32,120	1,001,019	755,305