GOOGL Options History — January 2017

In January 2017, GOOGL traded between $40.32 and $42.89. ATM implied volatility averaged 23.2%, placing in the 38.7% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 9.5% (HV 20d: 13.7%). Max pain ranged from $38.50 to $41.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.84.

Notable Days

2017-01-27: Highest Volume — 2,073,180 contracts
2017-01-27: Largest IV drop — 32.5% change
2017-01-03: Highest IV Rank — 54.3%
2017-01-26: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.50	$40.32	$42.89	$40.32	$41.00
Max Pain	$39.96	$38.50	$41.00	$38.50	$40.75
ATM IV	23.2%	15.3%	27.8%	27.8%	17.2%
Expected Move	6.3%	4.4%	7.2%	5.1%	5.0%
HV 20d	13.7%	11.5%	17.6%	16.1%	16.9%
HV 60d	19.5%	18.9%	20.2%	19.8%	19.7%
IV Rank	38.7%	10.9%	54.3%	54.3%	18.4%
IV Percentile	53.6%	11.9%	76.2%	76.2%	22.2%
Term Structure	-1.2%	-1.6%	0.2%	-1.5%	0.2%
VWIV	22.7%	15.5%	25.7%	18.6%	17.7%
Skew 25d	3.5%	1.8%	4.7%	3.9%	2.3%
Skew 10d	7.1%	3.7%	9.0%	6.6%	5.1%
Call IV 25d	21.7%	14.6%	25.7%	25.7%	16.3%
Put IV 25d	25.3%	16.3%	29.6%	29.6%	18.6%
Bid-Ask Spread %	46.00	31.75	67.44	63.71	59.44
Gamma HHI	0.06	0.03	0.09	0.04	0.04
Net GEX	165.6M	-50.6M	353.7M	116.2M	-50.6M
Net DEX	-2.35B	-3.43B	-192.5M	-1.82B	-192.5M
Net VEX	-16.4M	-18.2M	-15.0M	-16.8M	-18.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.50	1.20	0.66	1.08
Total Volume	778,476	383,540	2,073,180	611,580	786,820
Total OI	4,190,775	2,767,880	4,870,420	4,223,460	3,744,460

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
2017-01-03	$40.32	$38.50	27.8%	5.1%	16.1%	54.3%	18.6%	3.9%	-1.5%	116.2M	-1.82B	-16.8M	0.66	63.71	N/A	N/A	368,240	243,340	2,125,380	2,098,080
2017-01-04	$40.35	$38.50	27.0%	4.7%	14.7%	51.5%	17.8%	3.5%	-1.5%	138.9M	-1.87B	-16.9M	0.92	67.44	N/A	N/A	200,080	183,460	2,226,480	2,165,520
2017-01-05	$40.65	$40.00	26.8%	7.0%	14.6%	50.8%	24.6%	3.9%	-1.5%	194.9M	-2.26B	-17.0M	0.97	32.26	N/A	N/A	251,200	243,400	2,255,260	2,204,420
2017-01-06	$41.36	$40.00	25.7%	6.8%	14.4%	47.0%	23.9%	4.0%	-1.6%	234.9M	-3.43B	-16.7M	0.50	36.92	N/A	N/A	706,460	351,500	2,324,580	2,270,920
2017-01-09	$41.41	$40.00	26.2%	6.9%	14.4%	48.6%	25.1%	4.1%	-1.4%	221.9M	-2.93B	-16.6M	0.69	31.75	N/A	N/A	327,140	226,360	2,201,160	2,194,460
2017-01-10	$41.31	$40.00	26.1%	7.0%	13.2%	48.4%	25.3%	4.2%	-1.4%	243.1M	-2.83B	-16.6M	1.12	35.02	N/A	N/A	223,560	251,260	2,274,020	2,254,640
2017-01-11	$41.46	$40.00	25.1%	6.8%	13.1%	44.9%	25.1%	4.3%	-1.4%	254.8M	-3.04B	-16.2M	0.82	37.56	N/A	N/A	296,560	242,860	2,300,740	2,321,100
2017-01-12	$41.44	$40.00	25.5%	7.0%	12.1%	46.3%	24.8%	4.7%	-1.5%	286.0M	-3.06B	-16.4M	0.77	38.43	N/A	N/A	362,840	278,540	2,363,720	2,368,180
2017-01-13	$41.57	$40.00	24.7%	6.8%	12.1%	43.3%	24.3%	4.0%	-1.3%	353.7M	-3.35B	-16.3M	0.54	38.19	N/A	N/A	589,100	316,700	2,443,380	2,427,040
2017-01-17	$41.33	$40.00	24.6%	7.0%	12.0%	43.1%	25.7%	4.0%	-1.5%	227.5M	-2.71B	-15.7M	1.20	40.56	N/A	N/A	267,840	320,460	2,282,280	2,281,560
2017-01-18	$41.40	$40.00	22.9%	6.6%	11.5%	37.1%	24.0%	3.8%	-1.3%	198.4M	-2.74B	-15.6M	1.00	40.44	N/A	N/A	203,040	202,880	2,321,220	2,414,140
2017-01-19	$41.25	$40.00	23.3%	6.8%	11.6%	38.4%	24.2%	4.2%	-1.6%	141.3M	-2.53B	-15.4M	0.72	40.44	N/A	N/A	307,640	222,480	2,343,820	2,446,760
2017-01-20	$41.35	$40.00	21.2%	6.2%	11.5%	32.0%	22.1%	3.9%	-1.6%	123.5M	-2.73B	-15.0M	0.84	46.04	N/A	N/A	329,380	277,820	2,370,420	2,473,700
2017-01-23	$42.24	$40.00	21.6%	6.6%	13.5%	34.6%	23.8%	3.5%	-1.1%	117.4M	-1.94B	-15.1M	0.84	46.05	N/A	N/A	470,440	394,420	1,457,720	1,310,160
2017-01-24	$42.50	$40.00	20.9%	6.4%	13.4%	31.7%	23.4%	2.6%	-1.0%	142.4M	-2.23B	-15.9M	0.98	46.30	N/A	N/A	333,300	325,620	1,615,480	1,489,220
2017-01-25	$42.89	$40.00	21.3%	6.7%	13.5%	33.1%	23.9%	2.9%	-1.1%	158.7M	-2.60B	-16.4M	0.64	52.04	N/A	N/A	531,520	338,940	1,711,360	1,596,320
2017-01-26	$42.82	$40.00	22.6%	7.2%	13.6%	38.1%	25.0%	2.7%	-1.4%	163.8M	-2.56B	-17.0M	0.69	52.58	N/A	N/A	884,680	614,480	1,870,820	1,722,800
2017-01-27	$42.22	$40.50	15.3%	4.4%	14.2%	10.9%	15.5%	1.8%	0.0%	48.8M	-1.81B	-16.5M	0.92	54.23	N/A	N/A	1,077,940	995,240	2,193,780	1,981,880
2017-01-30	$41.11	$41.00	17.7%	5.2%	17.6%	20.3%	18.4%	2.4%	0.1%	-4.8M	-369.5M	-17.3M	0.98	60.59	N/A	N/A	515,700	506,280	1,749,020	1,619,500
2017-01-31	$41.00	$40.75	17.2%	5.0%	16.9%	18.4%	17.7%	2.3%	0.2%	-50.6M	-192.5M	-18.2M	1.08	59.44	N/A	N/A	377,860	408,960	1,913,180	1,831,280