GOOGL Options History — May 2016

In May 2016, GOOGL traded between $35.42 and $37.49. ATM implied volatility averaged 18.5%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 4.6% (HV 20d: 23.1%). Max pain ranged from $36.00 to $37.38. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.79.

Notable Days

2016-05-27: Highest Volume — 832,600 contracts
2016-05-20: Largest IV drop — 7.1% change
2016-05-03: Highest IV Rank — 18.9%
2016-05-03: Largest Expected Move — 6.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.36	$35.42	$37.49	$35.71	$37.49
Max Pain	$36.38	$36.00	$37.38	$37.38	$36.25
ATM IV	18.5%	16.6%	20.5%	20.1%	17.1%
Expected Move	5.3%	4.5%	6.1%	5.7%	4.7%
HV 20d	23.1%	15.7%	26.7%	25.6%	16.1%
HV 60d	20.6%	20.0%	22.2%	22.2%	20.1%
IV Rank	10.8%	3.3%	18.9%	17.4%	5.2%
IV Percentile	12.6%	0.4%	27.4%	24.2%	2.4%
Term Structure	0.3%	-0.3%	1.0%	-0.3%	0.1%
VWIV	18.6%	16.3%	20.8%	19.8%	16.7%
Skew 25d	2.7%	2.3%	3.2%	2.8%	2.5%
Skew 10d	5.1%	4.2%	6.5%	5.1%	5.7%
Call IV 25d	17.2%	15.6%	19.1%	18.3%	16.1%
Put IV 25d	19.9%	17.8%	22.1%	21.1%	18.7%
Bid-Ask Spread %	66.39	58.57	73.46	58.57	67.47
Gamma HHI	0.06	0.03	0.35	0.03	0.05
Net GEX	38.1M	-76.8M	195.7M	-40.5M	120.6M
Net DEX	-229.4M	-1.81B	876.5M	684.5M	-1.49B
Net VEX	-15.5M	-16.0M	-14.8M	-15.0M	-15.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.62	1.18	0.71	0.64
Total Volume	565,280	297,280	832,600	514,520	557,040
Total OI	4,088,599.048	3,383,320	4,492,260	3,993,100	3,608,840

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
2016-05-02	$35.71	$37.38	20.1%	5.7%	25.6%	17.4%	19.8%	2.8%	-0.3%	-40.5M	684.5M	-15.0M	0.71	58.57	N/A	N/A	300,860	213,660	2,100,840	1,892,260
2016-05-03	$35.42	$37.25	20.5%	6.1%	25.6%	18.9%	20.8%	3.1%	0.1%	-49.5M	876.5M	-15.2M	0.92	60.27	N/A	N/A	240,720	220,360	2,182,840	1,921,680
2016-05-04	$35.61	$37.00	20.2%	5.8%	25.2%	17.7%	20.3%	2.8%	-0.0%	-33.3M	673.6M	-15.4M	0.70	62.79	N/A	N/A	311,520	219,200	2,230,520	1,972,520
2016-05-05	$35.67	$36.25	20.5%	5.9%	25.2%	18.8%	20.6%	3.2%	0.0%	-12.6M	557.9M	-15.8M	0.67	63.00	N/A	N/A	321,100	214,840	2,311,360	2,001,380
2016-05-06	$36.23	$36.25	19.8%	5.8%	26.0%	15.9%	19.9%	2.6%	0.0%	195.7M	-286.9M	-16.0M	0.71	62.98	N/A	N/A	397,320	283,360	2,369,840	2,019,940
2016-05-09	$36.49	$36.25	19.0%	5.7%	26.2%	12.9%	20.0%	2.6%	0.7%	35.2M	-306.1M	-15.9M	0.78	64.17	N/A	N/A	300,940	235,460	2,184,680	1,910,900
2016-05-10	$36.98	$36.25	17.9%	5.2%	26.7%	8.3%	19.0%	2.3%	-0.1%	98.3M	-914.1M	-15.8M	0.81	65.08	N/A	N/A	319,500	258,240	2,236,580	1,957,040
2016-05-11	$36.55	$36.25	18.2%	5.4%	26.5%	9.6%	18.8%	2.4%	0.7%	48.1M	-287.9M	-15.7M	1.18	68.09	N/A	N/A	252,320	298,700	2,284,300	1,993,140
2016-05-12	$36.40	$36.25	18.2%	5.2%	26.3%	9.5%	18.2%	2.9%	0.2%	728.7K	-52.4M	-15.6M	0.77	67.43	N/A	N/A	378,980	292,440	2,316,260	2,049,120
2016-05-13	$36.26	$36.25	18.4%	5.4%	26.1%	10.5%	18.8%	2.8%	0.4%	-27.5M	98.8M	-15.6M	1.02	70.86	N/A	N/A	263,320	269,880	2,414,620	2,061,660
2016-05-16	$36.52	$36.25	18.2%	5.3%	26.0%	9.6%	18.8%	2.9%	0.6%	15.3M	-194.8M	-15.3M	0.87	69.80	N/A	N/A	266,720	231,560	2,233,060	1,962,520
2016-05-17	$36.70	$36.25	18.3%	5.3%	25.7%	10.0%	18.8%	2.7%	0.6%	45.3M	-450.1M	-15.7M	0.99	73.46	N/A	N/A	149,720	147,560	2,289,660	2,003,720
2016-05-18	$36.04	$36.25	19.3%	5.5%	26.3%	13.9%	19.2%	2.9%	0.7%	-32.6M	352.0M	-15.4M	0.88	70.52	N/A	N/A	256,740	226,000	2,312,120	2,047,160
2016-05-19	$35.79	$36.25	19.2%	5.5%	26.0%	13.7%	19.2%	2.9%	0.5%	-76.8M	670.9M	-15.2M	0.83	70.89	N/A	N/A	337,840	280,040	2,342,640	2,067,360
2016-05-20	$36.11	$36.25	17.9%	5.0%	18.3%	8.2%	17.7%	2.8%	1.0%	-12.1M	106.6M	-15.1M	0.69	68.04	N/A	N/A	485,580	333,300	2,414,480	2,077,780
2016-05-23	$35.87	$36.25	18.0%	5.0%	18.3%	8.8%	17.4%	2.5%	0.1%	4.4M	-38.9M	-14.8M	0.66	66.25	N/A	N/A	274,720	181,060	1,749,700	1,633,620
2016-05-24	$36.68	$36.00	17.3%	4.7%	18.2%	5.8%	16.7%	3.0%	0.1%	116.9M	-921.9M	-15.2M	0.62	63.75	N/A	N/A	390,640	240,740	1,845,640	1,678,880
2016-05-25	$36.90	$36.25	17.1%	4.7%	18.2%	5.0%	16.9%	2.6%	0.1%	114.0M	-1.09B	-15.6M	0.76	66.09	N/A	N/A	299,400	226,180	1,875,500	1,748,960
2016-05-26	$36.84	$36.25	16.7%	4.6%	15.7%	3.5%	16.7%	2.4%	0.5%	120.5M	-1.00B	-15.5M	0.70	67.62	N/A	N/A	329,620	231,100	1,920,580	1,800,120
2016-05-27	$37.38	$36.25	16.6%	4.5%	16.3%	3.3%	16.3%	2.3%	0.1%	169.1M	-1.81B	-15.8M	0.62	67.13	N/A	N/A	513,680	318,920	1,982,040	1,854,720
2016-05-31	$37.49	$36.25	17.1%	4.7%	16.1%	5.2%	16.7%	2.5%	0.1%	120.6M	-1.49B	-15.7M	0.64	67.47	N/A	N/A	340,620	216,420	1,861,660	1,747,180