GOOGL Options History — January 2018

In January 2018, GOOGL traded between $53.70 and $59.36. ATM implied volatility averaged 25.2%, placing in the 77.7% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 12.6% (HV 20d: 12.6%). Max pain ranged from $49.50 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.86.

Notable Days

2018-01-12: Highest Volume — 1,226,640 contracts
2018-01-29: Largest IV spike — 9.8% change
2018-01-29: Highest IV Rank — 100.0%
2018-01-30: Largest Expected Move — 10.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.96	$53.70	$59.36	$53.70	$59.06
Max Pain	$52.90	$49.50	$55.00	$49.50	$55.00
ATM IV	25.2%	21.7%	31.5%	21.7%	30.1%
Expected Move	7.3%	4.0%	10.5%	4.1%	10.4%
HV 20d	12.6%	11.7%	13.2%	13.0%	11.7%
HV 60d	15.5%	13.9%	16.2%	15.9%	13.9%
IV Rank	77.7%	60.7%	100.0%	60.7%	93.0%
IV Percentile	87.9%	76.6%	100.0%	76.6%	99.2%
Term Structure	-1.1%	-1.7%	-0.3%	-0.9%	-1.6%
VWIV	25.7%	14.8%	36.6%	15.0%	36.2%
Skew 25d	0.6%	-0.4%	1.4%	1.3%	0.8%
Skew 10d	0.7%	-2.1%	3.2%	2.3%	2.0%
Call IV 25d	25.0%	22.0%	30.5%	22.0%	29.6%
Put IV 25d	25.5%	22.3%	31.3%	23.3%	30.4%
Bid-Ask Spread %	41.68	34.91	55.65	51.48	43.20
Gamma HHI	0.11	0.05	0.57	0.07	0.05
Net GEX	310.0M	139.6M	808.3M	242.1M	152.7M
Net DEX	-7.09B	-9.35B	-5.08B	-5.67B	-5.24B
Net VEX	-21.5M	-25.6M	-20.1M	-20.5M	-25.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.55	1.29	0.83	0.91
Total Volume	803,855.238	521,640	1,226,640	708,680	566,920
Total OI	4,454,290.476	3,090,500	5,492,540	4,574,200	3,826,820

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
2018-01-02	$53.70	$49.50	21.7%	4.1%	13.0%	60.7%	15.0%	1.3%	-0.9%	242.1M	-5.67B	-20.5M	0.83	51.48	N/A	N/A	387,520	321,160	2,222,640	2,351,560
2018-01-03	$54.56	$49.75	22.4%	4.0%	12.6%	64.4%	14.8%	0.1%	-1.2%	289.6M	-7.05B	-20.2M	0.96	55.65	N/A	N/A	445,160	428,740	2,310,580	2,437,340
2018-01-04	$54.78	$52.00	22.5%	6.1%	12.5%	64.9%	21.4%	0.3%	-0.4%	300.5M	-7.21B	-20.8M	1.08	34.91	N/A	N/A	384,200	416,180	2,351,040	2,519,180
2018-01-05	$55.49	$52.00	23.4%	6.2%	12.6%	69.9%	21.9%	0.2%	-0.7%	635.6M	-8.16B	-20.4M	1.11	39.14	N/A	N/A	579,860	644,260	2,414,920	2,623,740
2018-01-08	$55.71	$52.00	23.2%	6.3%	12.2%	68.5%	22.0%	0.2%	-1.1%	282.1M	-7.80B	-20.1M	0.94	37.18	N/A	N/A	314,380	296,140	2,323,900	2,432,740
2018-01-09	$55.65	$52.50	22.9%	6.4%	12.3%	67.2%	22.7%	0.2%	-0.4%	281.0M	-7.77B	-21.0M	0.96	37.62	N/A	N/A	303,100	290,040	2,402,380	2,498,400
2018-01-10	$55.47	$52.50	22.8%	6.3%	12.5%	66.4%	22.3%	0.4%	-0.9%	267.0M	-7.58B	-20.8M	1.29	43.81	N/A	N/A	228,040	293,600	2,462,400	2,550,600
2018-01-11	$55.57	$52.75	22.5%	6.3%	12.3%	64.8%	22.4%	0.1%	-0.3%	282.5M	-7.75B	-20.9M	0.90	43.36	N/A	N/A	352,020	317,940	2,507,260	2,598,980
2018-01-12	$56.51	$52.75	24.6%	6.8%	13.2%	76.4%	23.8%	0.7%	-1.1%	431.4M	-9.35B	-20.5M	0.55	44.49	N/A	N/A	790,440	436,200	2,577,040	2,650,620
2018-01-16	$56.49	$53.00	24.7%	7.0%	13.2%	77.1%	24.7%	0.7%	-1.7%	309.1M	-8.43B	-20.7M	0.78	42.36	N/A	N/A	479,580	372,740	2,453,220	2,559,280
2018-01-17	$56.93	$53.25	24.1%	6.9%	12.9%	73.5%	24.4%	0.8%	-1.6%	335.5M	-8.97B	-20.7M	0.83	43.39	N/A	N/A	352,020	292,960	2,516,940	2,643,680
2018-01-18	$56.79	$53.25	23.9%	6.9%	12.5%	72.5%	24.4%	0.5%	-1.5%	371.6M	-8.76B	-20.9M	0.70	44.54	N/A	N/A	565,120	396,420	2,558,900	2,678,100
2018-01-19	$57.11	$53.25	24.0%	7.0%	12.2%	73.0%	24.8%	0.8%	-0.8%	808.3M	-9.33B	-20.8M	0.62	42.82	N/A	N/A	540,340	336,600	2,678,060	2,814,480
2018-01-22	$58.21	$53.25	25.3%	7.5%	13.0%	80.2%	26.6%	0.7%	-1.3%	222.8M	-5.18B	-20.5M	0.97	37.33	N/A	N/A	392,340	378,780	1,588,940	1,501,560
2018-01-23	$58.85	$53.25	25.9%	7.9%	13.0%	83.5%	27.5%	1.4%	-1.2%	212.8M	-5.87B	-20.3M	0.72	39.88	N/A	N/A	510,440	369,800	1,675,780	1,615,620
2018-01-24	$58.61	$53.50	26.5%	8.2%	13.2%	86.6%	28.6%	0.6%	-1.2%	188.7M	-5.65B	-21.9M	0.72	41.53	N/A	N/A	510,180	367,940	1,795,060	1,718,060
2018-01-25	$59.09	$53.75	27.8%	8.7%	12.9%	93.7%	30.3%	1.2%	-1.2%	266.6M	-6.21B	-22.6M	0.80	38.54	N/A	N/A	483,060	385,700	1,906,700	1,812,400
2018-01-26	$59.31	$54.00	28.7%	9.2%	12.3%	99.1%	32.0%	-0.4%	-0.7%	348.9M	-6.44B	-22.9M	0.65	36.46	N/A	N/A	644,960	419,220	1,941,400	1,923,060
2018-01-29	$59.36	$54.75	31.5%	10.4%	11.9%	100.0%	36.2%	1.0%	-1.4%	141.1M	-5.39B	-23.6M	0.85	38.44	N/A	N/A	381,040	322,360	1,758,460	1,684,960
2018-01-30	$58.94	$55.00	31.0%	10.5%	12.6%	97.3%	36.6%	0.5%	-1.3%	139.6M	-5.08B	-25.0M	0.85	39.07	N/A	N/A	315,720	267,740	1,863,320	1,789,980
2018-01-31	$59.06	$55.00	30.1%	10.4%	11.7%	93.0%	36.2%	0.8%	-1.6%	152.7M	-5.24B	-25.6M	0.91	43.20	N/A	N/A	297,080	269,840	1,958,080	1,868,740