GOOGL Options History — September 2014

In September 2014, GOOGL traded between $29.08 and $30.27. ATM implied volatility averaged 20.6%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 7.0% (HV 20d: 13.6%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.61.

Notable Days

2014-09-19: Highest Volume — 1,305,820 contracts
2014-09-15: Largest IV spike — 19.2% change
2014-09-30: Highest IV Rank — 30.3%
2014-09-30: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.61	$29.08	$30.27	$29.43	$29.42
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	20.6%	15.7%	25.5%	16.8%	25.5%
Expected Move	6.1%	5.9%	6.5%	6.1%	6.5%
HV 20d	13.6%	11.5%	16.6%	14.1%	16.1%
HV 60d	17.8%	17.2%	18.2%	18.0%	18.2%
IV Rank	29.9%	29.4%	30.3%	29.4%	30.3%
IV Percentile	81.0%	78.6%	83.5%	78.6%	83.5%
Term Structure	1.3%	-1.0%	6.1%	-0.1%	-0.5%
VWIV	21.9%	20.2%	23.1%	21.6%	23.0%
Skew 25d	2.5%	1.7%	3.5%	1.7%	3.1%
Skew 10d	4.3%	2.7%	6.0%	3.1%	4.4%
Call IV 25d	19.6%	15.0%	24.0%	16.2%	24.0%
Put IV 25d	22.2%	17.0%	27.4%	17.9%	27.1%
Bid-Ask Spread %	28.89	25.28	33.00	28.51	25.28
Gamma HHI	0.10	0.05	0.24	0.07	0.07
Net GEX	147.6M	-48.6M	346.3M	104.6M	149.3M
Net DEX	-1.20B	-2.82B	-205.0M	-1.07B	-794.3M
Net VEX	-12.0M	-12.7M	-11.5M	-11.6M	-12.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.39	0.79	0.58	0.47
Total Volume	622,987.619	399,320	1,305,820	446,160	494,000
Total OI	3,681,562.857	3,150,880	4,150,100	3,241,800	3,896,480

Daily Data (21 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2014-09-02	$29.43	$30.00	16.8%	6.1%	14.1%	0.0%	21.6%	1.7%	-0.1%	104.6M	-1.07B	-11.6M	0.58	28.51	N/A	N/A	282,320	163,840	1,794,600	1,447,200
2014-09-03	$29.48	$30.00	16.6%	6.1%	12.7%	0.0%	22.1%	2.2%	-0.0%	138.7M	-1.16B	-11.6M	0.49	27.21	N/A	N/A	364,560	177,100	1,876,140	1,510,940
2014-09-04	$29.66	$30.00	15.7%	6.0%	12.9%	0.0%	21.4%	1.7%	0.3%	212.2M	-1.46B	-11.6M	0.48	29.08	N/A	N/A	493,460	238,540	1,932,780	1,541,140
2014-09-05	$29.89	$30.00	15.7%	6.0%	12.8%	0.0%	21.4%	2.0%	0.3%	263.0M	-1.89B	-11.5M	0.39	32.36	N/A	N/A	602,660	233,580	1,984,520	1,607,300
2014-09-08	$30.08	$30.00	16.2%	6.1%	12.5%	0.0%	21.5%	1.7%	6.1%	182.2M	-1.87B	-11.6M	0.51	29.41	N/A	N/A	360,020	182,940	1,876,280	1,483,100
2014-09-09	$29.60	$30.00	16.9%	6.2%	14.1%	0.0%	21.5%	2.2%	6.1%	96.1M	-1.09B	-11.8M	0.62	29.99	N/A	N/A	375,200	231,200	1,963,180	1,559,420
2014-09-10	$29.67	$30.00	16.9%	6.1%	13.5%	0.0%	21.9%	2.2%	5.7%	119.9M	-1.25B	-12.3M	0.68	26.34	N/A	N/A	257,820	174,680	2,084,520	1,665,680
2014-09-11	$29.56	$30.00	17.5%	6.1%	11.5%	0.0%	23.1%	2.2%	5.9%	72.5M	-1.06B	-12.2M	0.63	28.38	N/A	N/A	316,520	200,660	2,144,760	1,714,260
2014-09-12	$29.25	$30.00	18.6%	6.1%	12.2%	0.0%	22.2%	2.1%	6.0%	-48.6M	-543.8M	-12.1M	0.72	27.90	N/A	N/A	401,860	288,240	2,232,580	1,769,620
2014-09-15	$29.08	$30.00	22.2%	6.3%	12.3%	0.0%	22.3%	2.4%	-0.2%	38.9M	-551.2M	-11.8M	0.67	29.51	N/A	N/A	265,920	178,300	2,057,580	1,601,620
2014-09-16	$29.44	$30.00	22.4%	6.2%	11.8%	0.0%	21.7%	2.5%	-0.1%	135.2M	-1.16B	-12.1M	0.61	26.93	N/A	N/A	333,400	203,800	2,110,840	1,635,300
2014-09-17	$29.66	$30.00	22.4%	6.1%	11.9%	0.0%	21.9%	2.6%	0.4%	236.5M	-1.63B	-12.4M	0.50	30.30	N/A	N/A	439,920	218,840	2,222,100	1,686,280
2014-09-18	$29.86	$30.00	22.5%	6.1%	12.1%	0.0%	21.4%	2.9%	0.3%	336.7M	-1.98B	-11.9M	0.69	29.28	N/A	N/A	269,480	185,900	2,209,680	1,674,540
2014-09-19	$30.27	$30.00	21.7%	5.9%	12.8%	0.0%	20.2%	3.1%	0.2%	346.3M	-2.82B	-11.5M	0.40	33.00	N/A	N/A	932,860	372,960	2,248,800	1,730,900
2014-09-22	$29.86	$30.00	22.5%	6.0%	13.8%	0.0%	20.9%	3.0%	-0.4%	185.8M	-1.28B	-11.8M	0.71	30.84	N/A	N/A	433,320	307,620	1,828,520	1,322,360
2014-09-23	$29.56	$30.00	23.4%	6.1%	14.3%	0.0%	21.4%	3.1%	-0.6%	122.0M	-804.1M	-12.0M	0.75	28.89	N/A	N/A	332,560	249,680	1,970,040	1,460,080
2014-09-24	$29.92	$30.00	23.7%	6.1%	14.8%	0.0%	21.5%	2.6%	-0.9%	259.0M	-1.49B	-12.5M	0.74	27.97	N/A	N/A	431,260	319,180	2,095,000	1,566,680
2014-09-25	$29.26	$30.00	25.4%	6.4%	16.6%	0.0%	22.6%	3.5%	-0.8%	-421.8K	-205.0M	-12.4M	0.79	28.25	N/A	N/A	435,100	343,440	2,213,800	1,714,500
2014-09-26	$29.39	$30.00	25.1%	6.4%	16.6%	0.0%	22.8%	3.5%	-1.0%	35.2M	-467.8M	-12.7M	0.76	28.68	N/A	N/A	335,200	255,480	2,349,800	1,800,300
2014-09-29	$29.39	$30.00	25.2%	6.4%	16.5%	29.4%	22.5%	2.9%	-0.4%	113.7M	-658.8M	-12.5M	0.55	28.66	N/A	N/A	257,560	141,760	2,108,260	1,621,340
2014-09-30	$29.42	$30.00	25.5%	6.5%	16.1%	30.3%	23.0%	3.1%	-0.5%	149.3M	-794.3M	-12.6M	0.47	25.28	N/A	N/A	336,900	157,100	2,218,100	1,678,380