GOOGL Options History — February 2016

In February 2016, GOOGL traded between $35.08 and $39.23. ATM implied volatility averaged 29.9%, placing in the 56.5% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 5.0% (HV 20d: 34.8%). Max pain ranged from $36.00 to $37.50. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.71.

Notable Days

2016-02-02: Highest Volume — 2,547,380 contracts
2016-02-02: Largest IV drop — 30.1% change
2016-02-01: Highest IV Rank — 90.4%
2016-02-01: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.23	$35.08	$39.23	$38.50	$36.00
Max Pain	$36.25	$36.00	$37.50	$37.00	$36.00
ATM IV	29.9%	23.4%	38.3%	38.3%	23.4%
Expected Move	8.7%	6.8%	13.1%	13.1%	7.0%
HV 20d	34.8%	29.6%	39.2%	33.2%	29.6%
HV 60d	27.4%	24.4%	28.1%	24.4%	27.3%
IV Rank	56.5%	30.4%	90.4%	90.4%	30.4%
IV Percentile	74.1%	50.0%	93.7%	93.7%	50.0%
Term Structure	-0.4%	-1.5%	0.4%	-1.5%	0.4%
VWIV	30.2%	23.0%	44.8%	44.8%	24.1%
Skew 25d	4.6%	2.9%	5.8%	3.9%	3.9%
Skew 10d	8.3%	5.4%	10.6%	6.0%	6.9%
Call IV 25d	27.5%	21.3%	35.4%	35.4%	21.3%
Put IV 25d	32.1%	25.1%	39.7%	39.2%	25.1%
Bid-Ask Spread %	46.90	37.75	54.83	43.90	53.53
Gamma HHI	0.04	0.03	0.10	0.04	0.03
Net GEX	28.0M	-71.2M	226.6M	90.0M	33.8M
Net DEX	-445.2M	-3.29B	1.70B	-2.42B	-595.8M
Net VEX	-14.8M	-16.9M	-13.6M	-13.7M	-14.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.52	0.86	0.52	0.79
Total Volume	1,073,901	532,240	2,547,380	2,206,660	532,240
Total OI	4,270,765	3,365,880	5,388,900	3,551,900	3,550,280

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2016-02-01	$38.50	$37.00	38.3%	13.1%	33.2%	90.4%	44.8%	3.9%	-1.5%	90.0M	-2.42B	-13.7M	0.52	43.90	N/A	N/A	1,450,720	755,940	1,866,180	1,685,720
2016-02-02	$39.23	$37.00	26.8%	7.8%	32.3%	44.0%	27.2%	2.9%	-0.4%	226.6M	-3.29B	-13.7M	0.59	46.17	N/A	N/A	1,598,660	948,720	2,387,740	2,059,660
2016-02-03	$37.59	$37.50	29.3%	8.9%	35.8%	54.2%	30.9%	3.4%	-0.1%	32.4M	-713.1M	-14.7M	0.58	54.23	N/A	N/A	1,314,960	765,160	2,616,140	2,256,800
2016-02-04	$36.48	$36.25	30.0%	8.4%	37.3%	57.3%	28.5%	3.8%	-1.0%	-47.4M	521.5M	-14.7M	0.72	37.75	N/A	N/A	846,600	612,700	2,782,660	2,390,260
2016-02-05	$35.08	$36.25	35.0%	9.8%	39.2%	77.2%	33.8%	4.8%	-0.8%	-71.2M	1.70B	-14.9M	0.82	40.51	N/A	N/A	1,014,960	830,140	2,955,880	2,433,020
2016-02-08	$35.15	$36.25	36.1%	10.1%	38.6%	81.8%	35.5%	5.1%	-0.8%	-28.9M	634.3M	-15.8M	0.86	43.52	N/A	N/A	453,700	390,920	2,227,280	2,025,880
2016-02-09	$35.09	$36.25	36.8%	10.5%	38.5%	84.6%	36.2%	5.6%	-0.1%	-13.6M	625.7M	-16.2M	0.65	40.59	N/A	N/A	657,720	425,960	2,330,860	2,066,760
2016-02-10	$35.42	$36.25	35.7%	10.3%	37.9%	80.1%	36.1%	5.3%	0.0%	3.2M	272.4M	-16.9M	0.74	43.06	N/A	N/A	435,740	322,480	2,443,880	2,130,060
2016-02-11	$35.40	$36.25	36.7%	10.5%	35.6%	84.0%	37.3%	5.8%	-0.2%	-5.3M	242.6M	-16.6M	0.80	41.49	N/A	N/A	442,280	352,640	2,474,060	2,136,240
2016-02-12	$35.34	$36.00	32.2%	9.3%	35.1%	66.1%	32.7%	5.4%	0.1%	-10.6M	202.1M	-15.7M	0.84	44.39	N/A	N/A	421,680	355,700	2,538,560	2,168,760
2016-02-16	$35.81	$36.00	30.2%	8.7%	33.7%	57.9%	31.3%	4.7%	-0.1%	-2.2M	-166.4M	-14.7M	0.84	47.33	N/A	N/A	295,720	247,240	2,264,000	2,020,440
2016-02-17	$36.62	$36.00	27.2%	7.8%	34.2%	45.8%	28.0%	5.2%	-0.7%	39.9M	-1.02B	-14.2M	0.77	48.59	N/A	N/A	464,600	355,700	2,301,360	2,018,680
2016-02-18	$35.84	$36.00	28.5%	8.2%	35.1%	51.2%	28.2%	5.3%	-0.7%	-22.4M	-142.2M	-14.2M	0.86	49.64	N/A	N/A	443,080	381,060	2,396,940	2,092,140
2016-02-19	$36.13	$36.00	26.1%	7.4%	34.9%	41.3%	25.2%	4.6%	0.3%	41.3M	-479.8M	-14.4M	0.68	52.76	N/A	N/A	466,040	315,800	2,473,800	2,133,100
2016-02-22	$36.40	$36.00	25.0%	7.1%	34.1%	37.1%	24.9%	4.5%	-0.5%	38.9M	-1.00B	-13.8M	0.75	45.17	N/A	N/A	329,080	246,320	1,751,740	1,614,140
2016-02-23	$35.90	$36.00	25.9%	7.4%	34.0%	40.7%	25.7%	4.5%	-0.8%	16.7M	-535.7M	-14.1M	0.63	48.83	N/A	N/A	334,320	211,380	1,840,360	1,654,820
2016-02-24	$36.01	$36.00	25.8%	7.5%	34.0%	40.2%	25.7%	4.6%	-0.4%	33.6M	-556.4M	-14.6M	0.59	48.24	N/A	N/A	476,660	282,700	1,944,180	1,695,080
2016-02-25	$36.36	$36.00	24.5%	7.0%	33.4%	34.9%	24.3%	4.9%	-0.4%	110.4M	-1.06B	-14.6M	0.60	53.43	N/A	N/A	477,460	287,440	2,036,000	1,749,740
2016-02-26	$36.23	$36.00	23.5%	6.8%	29.8%	30.8%	23.0%	4.1%	-0.3%	93.8M	-1.13B	-13.6M	0.60	54.83	N/A	N/A	583,940	349,860	2,099,720	1,802,380
2016-02-29	$36.00	$36.00	23.4%	7.0%	29.6%	30.4%	24.1%	3.9%	0.4%	33.8M	-595.8M	-14.2M	0.79	53.53	N/A	N/A	297,340	234,900	1,874,120	1,676,160