GOOGL Options History — March 2018

In March 2018, GOOGL traded between $50.37 and $58.42. ATM implied volatility averaged 26.5%, placing in the 69.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 3.1% (HV 20d: 29.5%). Max pain ranged from $52.50 to $56.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.82.

Notable Days

2018-03-29: Highest Volume — 1,294,620 contracts
2018-03-22: Largest IV spike — 23.0% change
2018-03-23: Highest IV Rank — 100.0%
2018-03-28: Largest Expected Move — 10.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.72	$50.37	$58.42	$53.51	$51.88
Max Pain	$54.35	$52.50	$56.00	$52.50	$55.00
ATM IV	26.5%	19.4%	39.0%	26.2%	34.7%
Expected Move	7.4%	5.8%	10.0%	7.9%	8.3%
HV 20d	29.5%	22.5%	38.1%	37.5%	34.4%
HV 60d	26.3%	24.3%	30.3%	24.4%	30.3%
IV Rank	69.8%	41.6%	100.0%	74.3%	83.7%
IV Percentile	81.1%	54.8%	100.0%	92.9%	99.2%
Term Structure	1.4%	-1.8%	6.7%	-0.1%	-1.8%
VWIV	26.3%	21.3%	34.3%	27.7%	28.9%
Skew 25d	3.2%	2.2%	4.9%	2.8%	3.3%
Skew 10d	6.4%	4.5%	11.4%	5.5%	6.9%
Call IV 25d	25.3%	18.4%	37.3%	25.4%	32.9%
Put IV 25d	28.4%	20.8%	41.2%	28.2%	36.2%
Bid-Ask Spread %	48.69	41.13	57.63	41.19	50.63
Gamma HHI	0.04	0.02	0.14	0.02	0.03
Net GEX	108.3M	-89.8M	362.5M	-17.4M	20.4M
Net DEX	-2.42B	-8.54B	2.61B	-370.6M	816.7M
Net VEX	-30.8M	-34.1M	-27.1M	-31.2M	-34.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.49	1.10	0.95	0.65
Total Volume	948,062.857	522,460	1,294,620	877,080	1,294,620
Total OI	4,894,547.619	3,847,000	5,375,940	4,894,540	5,375,940

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
2018-03-01	$53.51	$52.50	26.2%	7.9%	37.5%	74.3%	27.7%	2.8%	-0.1%	-17.4M	-370.6M	-31.2M	0.95	41.19	N/A	N/A	449,680	427,400	2,494,680	2,399,860
2018-03-02	$54.23	$52.75	24.4%	7.2%	38.1%	65.7%	25.8%	3.5%	-0.9%	73.2M	-1.42B	-31.3M	1.03	41.13	N/A	N/A	463,720	475,600	2,577,700	2,466,280
2018-03-05	$54.83	$53.50	21.0%	6.6%	33.7%	49.7%	24.5%	2.9%	1.8%	96.4M	-2.77B	-30.4M	0.71	45.59	N/A	N/A	305,160	217,300	2,400,380	2,330,140
2018-03-06	$54.95	$53.25	21.8%	6.6%	30.0%	53.3%	24.3%	2.7%	0.6%	127.2M	-3.13B	-30.3M	0.73	44.91	N/A	N/A	306,580	224,600	2,469,720	2,373,560
2018-03-07	$55.77	$53.50	22.5%	6.7%	30.2%	56.7%	24.2%	3.4%	0.0%	219.1M	-4.39B	-30.0M	0.69	51.06	N/A	N/A	357,600	245,160	2,524,600	2,391,460
2018-03-08	$56.37	$53.50	22.0%	6.4%	28.9%	54.4%	23.0%	2.8%	0.7%	336.9M	-5.66B	-29.2M	0.49	48.75	N/A	N/A	666,160	325,300	2,594,500	2,407,180
2018-03-09	$57.99	$53.50	19.4%	5.8%	24.3%	41.6%	21.3%	2.4%	0.5%	352.9M	-8.54B	-27.6M	0.50	53.08	N/A	N/A	800,920	403,420	2,701,720	2,459,120
2018-03-12	$58.42	$53.75	21.7%	6.3%	22.5%	52.9%	22.8%	2.7%	-0.0%	362.5M	-7.79B	-27.1M	0.56	53.46	N/A	N/A	560,920	315,860	2,502,800	2,345,320
2018-03-13	$56.99	$54.00	23.7%	6.8%	24.9%	62.3%	23.6%	2.6%	-0.0%	251.4M	-5.67B	-28.7M	0.64	50.88	N/A	N/A	709,120	453,420	2,551,820	2,408,320
2018-03-14	$57.46	$55.00	22.3%	6.4%	24.9%	55.9%	22.8%	2.2%	0.7%	296.0M	-6.01B	-29.5M	0.83	52.63	N/A	N/A	412,300	341,200	2,649,320	2,493,180
2018-03-15	$57.55	$55.00	22.0%	6.5%	24.5%	54.2%	22.6%	2.8%	1.0%	263.5M	-6.17B	-29.3M	0.69	54.27	N/A	N/A	487,760	335,740	2,677,220	2,534,340
2018-03-16	$56.79	$55.00	21.4%	6.1%	24.7%	51.5%	21.8%	2.3%	0.1%	9.9M	-5.07B	-29.5M	0.94	57.63	N/A	N/A	583,700	547,320	2,770,100	2,588,100
2018-03-19	$55.00	$56.00	25.4%	7.2%	27.4%	70.3%	25.4%	3.5%	6.2%	41.0M	-1.19B	-30.2M	0.81	48.27	N/A	N/A	590,400	478,080	1,932,360	1,914,640
2018-03-20	$54.81	$55.00	26.1%	7.5%	27.3%	73.9%	26.4%	3.6%	5.6%	77.2M	-1.26B	-31.4M	0.96	47.23	N/A	N/A	473,620	453,260	2,180,960	2,081,220
2018-03-21	$54.74	$55.00	25.5%	7.3%	27.0%	67.9%	26.5%	3.1%	6.4%	82.0M	-1.15B	-32.6M	0.85	48.72	N/A	N/A	433,720	370,640	2,335,880	2,246,760
2018-03-22	$52.74	$55.00	31.4%	8.6%	29.9%	99.2%	30.5%	4.1%	6.7%	-60.0M	1.19B	-32.3M	0.97	46.85	N/A	N/A	652,440	632,660	2,399,280	2,313,500
2018-03-23	$51.47	$55.00	33.4%	9.0%	30.0%	100.0%	31.7%	3.9%	5.6%	-86.6M	2.29B	-32.7M	1.01	44.99	N/A	N/A	537,640	542,680	2,599,220	2,504,100
2018-03-26	$52.79	$55.00	33.1%	8.3%	31.3%	98.6%	30.0%	3.4%	-1.0%	-8.8M	387.2M	-33.1M	0.99	47.65	N/A	N/A	488,100	482,200	2,335,360	2,368,260
2018-03-27	$50.42	$55.00	38.7%	10.0%	34.2%	100.0%	34.3%	3.6%	-1.2%	-72.2M	2.53B	-32.7M	1.02	47.45	N/A	N/A	444,700	453,500	2,478,240	2,492,820
2018-03-28	$50.37	$55.00	39.0%	10.0%	34.2%	100.0%	34.1%	4.9%	-1.1%	-89.8M	2.61B	-32.9M	1.10	46.05	N/A	N/A	554,360	610,760	2,560,060	2,555,480
2018-03-29	$51.88	$55.00	34.7%	8.3%	34.4%	83.7%	28.9%	3.3%	-1.8%	20.4M	816.7M	-34.1M	0.65	50.63	N/A	N/A	783,260	511,360	2,682,560	2,693,380