GOOGL Options History — April 2016

In April 2016, GOOGL traded between $35.19 and $39.38. ATM implied volatility averaged 26.5%, placing in the 43.0% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 9.8% (HV 20d: 16.7%). Max pain ranged from $37.50 to $37.75. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.76.

Notable Days

2016-04-22: Highest Volume — 2,202,160 contracts
2016-04-22: Largest IV drop — 37.3% change
2016-04-21: Highest IV Rank — 60.2%
2016-04-21: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.82	$35.19	$39.38	$38.42	$35.44
Max Pain	$37.52	$37.50	$37.75	$37.50	$37.50
ATM IV	26.5%	19.2%	30.8%	28.5%	21.2%
Expected Move	7.2%	4.8%	8.9%	4.8%	6.2%
HV 20d	16.7%	11.9%	25.2%	16.7%	25.2%
HV 60d	24.9%	23.0%	26.9%	26.9%	23.0%
IV Rank	43.0%	13.7%	60.2%	50.9%	21.5%
IV Percentile	57.3%	20.2%	75.4%	68.7%	33.7%
Term Structure	-1.2%	-2.9%	0.0%	-1.7%	-0.2%
VWIV	25.5%	17.1%	30.4%	17.1%	21.5%
Skew 25d	3.9%	2.2%	4.9%	4.6%	2.8%
Skew 10d	7.2%	3.9%	10.3%	7.8%	5.3%
Call IV 25d	24.5%	17.9%	28.4%	26.4%	20.0%
Put IV 25d	28.4%	20.5%	32.5%	31.0%	22.8%
Bid-Ask Spread %	41.97	30.58	61.31	61.31	55.91
Gamma HHI	0.10	0.04	0.78	0.11	0.04
Net GEX	126.5M	-157.9M	1.11B	265.3M	-72.5M
Net DEX	-952.8M	-2.70B	1.69B	-1.98B	1.39B
Net VEX	-14.7M	-15.5M	-13.5M	-15.1M	-15.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.54	1.01	0.60	0.96
Total Volume	818,925.714	457,320	2,202,160	806,720	900,280
Total OI	3,892,487.619	3,224,740	4,586,060	3,736,940	4,586,060

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
2016-04-01	$38.42	$37.50	28.5%	4.8%	16.7%	50.9%	17.1%	4.6%	-1.7%	265.3M	-1.98B	-15.1M	0.60	61.31	N/A	N/A	504,160	302,560	1,969,840	1,767,100
2016-04-04	$38.23	$37.50	28.5%	7.4%	16.9%	51.0%	27.8%	3.9%	-1.1%	135.4M	-1.56B	-14.6M	0.69	30.58	N/A	N/A	270,240	187,360	1,890,320	1,624,680
2016-04-05	$37.95	$37.50	29.3%	7.7%	14.1%	54.4%	27.4%	4.0%	-1.7%	110.5M	-1.33B	-14.8M	0.86	31.72	N/A	N/A	246,060	211,260	1,988,960	1,672,180
2016-04-06	$38.39	$37.50	28.4%	7.5%	14.3%	50.6%	28.4%	4.6%	-1.0%	210.3M	-1.82B	-14.9M	0.63	33.12	N/A	N/A	293,280	183,580	2,048,920	1,727,880
2016-04-07	$38.00	$37.50	29.8%	7.9%	14.2%	56.2%	28.8%	4.7%	-1.3%	139.6M	-1.35B	-14.7M	0.83	34.06	N/A	N/A	269,340	224,400	2,090,920	1,752,880
2016-04-08	$37.93	$37.50	29.8%	7.8%	13.8%	56.3%	28.3%	4.7%	-1.5%	69.1M	-1.08B	-14.5M	0.91	32.10	N/A	N/A	313,520	285,000	2,121,060	1,793,020
2016-04-11	$37.97	$37.50	29.4%	7.9%	12.6%	54.8%	28.2%	4.8%	-1.5%	103.4M	-1.20B	-14.3M	0.77	37.24	N/A	N/A	332,580	254,920	1,972,320	1,695,760
2016-04-12	$38.18	$37.50	29.1%	7.7%	12.3%	53.4%	26.5%	4.5%	-1.9%	141.0M	-1.43B	-14.1M	0.61	36.23	N/A	N/A	344,600	209,620	2,014,360	1,753,120
2016-04-13	$38.58	$37.50	28.7%	7.9%	12.7%	51.8%	27.2%	4.0%	-1.3%	233.9M	-1.99B	-14.3M	0.61	41.23	N/A	N/A	503,420	305,320	2,089,940	1,793,460
2016-04-14	$38.78	$37.50	28.4%	7.8%	12.4%	50.8%	28.1%	4.8%	-1.4%	307.3M	-2.30B	-14.5M	0.67	34.57	N/A	N/A	450,640	302,860	2,213,500	1,862,320
2016-04-15	$39.00	$37.50	28.2%	7.7%	12.3%	49.9%	26.9%	4.5%	-2.1%	1.11B	-2.70B	-14.5M	0.54	35.33	N/A	N/A	550,440	295,820	2,260,780	1,939,800
2016-04-18	$39.38	$37.50	28.1%	7.9%	11.9%	49.5%	29.0%	4.9%	-1.6%	97.2M	-1.92B	-14.5M	0.94	33.87	N/A	N/A	347,640	328,100	1,729,960	1,494,780
2016-04-19	$38.76	$37.50	29.5%	8.4%	13.1%	55.0%	29.8%	4.4%	-2.0%	72.4M	-1.47B	-15.1M	0.75	38.65	N/A	N/A	332,940	248,480	1,861,700	1,650,040
2016-04-20	$38.75	$37.50	29.0%	8.3%	13.0%	53.2%	29.4%	4.2%	-2.0%	71.0M	-1.46B	-15.1M	0.65	40.11	N/A	N/A	362,340	235,800	1,902,840	1,722,840
2016-04-21	$39.00	$37.50	30.8%	8.9%	13.1%	60.2%	30.4%	4.0%	-2.9%	89.0M	-1.76B	-15.5M	0.62	43.94	N/A	N/A	1,060,740	658,520	2,019,960	1,787,240
2016-04-22	$36.91	$37.75	19.3%	5.5%	23.9%	14.0%	18.9%	2.2%	0.0%	-157.9M	866.3M	-13.5M	0.75	40.45	N/A	N/A	1,255,060	947,100	2,378,980	2,069,260
2016-04-25	$37.08	$37.63	19.2%	5.5%	24.0%	13.7%	19.3%	2.6%	-0.2%	27.8M	-209.7M	-15.2M	0.78	50.29	N/A	N/A	456,440	357,800	2,005,900	1,795,220
2016-04-26	$36.21	$37.50	20.4%	5.9%	24.3%	18.3%	20.7%	2.6%	-0.2%	-66.1M	662.5M	-15.0M	0.93	55.59	N/A	N/A	422,840	391,440	2,163,300	1,898,000
2016-04-27	$36.03	$37.50	19.8%	5.8%	24.2%	16.0%	20.1%	2.6%	-0.2%	-107.3M	944.0M	-15.3M	0.88	58.10	N/A	N/A	560,220	490,680	2,230,500	1,995,360
2016-04-28	$35.19	$37.50	21.2%	6.2%	25.2%	21.7%	21.4%	3.0%	-0.3%	-119.7M	1.69B	-14.6M	1.01	56.88	N/A	N/A	497,860	502,180	2,372,100	2,035,080
2016-04-29	$35.44	$37.50	21.2%	6.2%	25.2%	21.5%	21.5%	2.8%	-0.2%	-72.5M	1.39B	-15.0M	0.96	55.91	N/A	N/A	459,720	440,560	2,491,920	2,094,140