GOOGL Options History — April 2018

In April 2018, GOOGL traded between $50.55 and $54.71. ATM implied volatility averaged 30.3%, placing in the 67.0% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 3.5% (HV 20d: 33.9%). Max pain ranged from $51.00 to $55.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.85.

Notable Days

2018-04-24: Highest Volume — 2,279,800 contracts
2018-04-24: Largest IV drop — 15.8% change
2018-04-03: Highest IV Rank — 97.8%
2018-04-02: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.07	$50.55	$54.71	$50.55	$51.25
Max Pain	$51.54	$51.00	$55.00	$55.00	$51.00
ATM IV	30.3%	21.0%	38.4%	38.0%	21.0%
Expected Move	8.4%	6.2%	10.1%	10.1%	6.2%
HV 20d	33.9%	31.2%	36.8%	35.0%	31.2%
HV 60d	32.0%	30.6%	34.4%	30.6%	34.4%
IV Rank	67.0%	31.2%	97.8%	96.3%	31.2%
IV Percentile	87.3%	51.2%	99.2%	99.2%	51.2%
Term Structure	-0.9%	-1.9%	0.3%	0.2%	-0.1%
VWIV	29.4%	21.6%	35.0%	34.9%	21.6%
Skew 25d	2.7%	1.5%	4.8%	4.7%	1.7%
Skew 10d	4.8%	2.2%	9.0%	9.0%	2.8%
Call IV 25d	28.9%	20.2%	35.8%	35.0%	20.2%
Put IV 25d	31.6%	21.8%	40.6%	39.7%	21.8%
Bid-Ask Spread %	27.64	12.06	53.67	49.93	33.83
Gamma HHI	0.04	0.03	0.09	0.03	0.03
Net GEX	21.1M	-162.8M	322.9M	-51.7M	-29.2M
Net DEX	-710.6M	-5.47B	2.02B	2.02B	143.2M
Net VEX	-33.7M	-35.3M	-31.7M	-33.3M	-32.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.51	1.37	0.69	1.37
Total Volume	1,002,455.238	587,600	2,279,800	816,660	747,180
Total OI	5,781,219.048	4,945,540	6,512,360	5,107,100	5,432,300

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
2018-04-02	$50.55	$55.00	38.0%	10.1%	35.0%	96.3%	34.9%	4.7%	0.2%	-51.7M	2.02B	-33.3M	0.69	49.93	N/A	N/A	483,900	332,760	2,561,300	2,545,800
2018-04-03	$50.88	$54.75	38.4%	9.5%	34.8%	97.8%	35.0%	4.8%	-1.9%	-29.0M	1.51B	-34.0M	0.80	50.10	N/A	N/A	496,020	397,360	2,698,120	2,612,200
2018-04-04	$51.62	$54.50	35.1%	8.6%	35.3%	85.3%	30.1%	4.1%	-1.5%	19.6M	509.3M	-35.3M	0.74	53.67	N/A	N/A	478,120	353,360	2,874,620	2,749,520
2018-04-05	$51.71	$51.00	34.4%	9.1%	34.8%	82.5%	32.1%	3.6%	-1.2%	54.2M	69.2M	-35.3M	0.64	13.23	N/A	N/A	502,940	322,140	2,932,400	2,761,660
2018-04-06	$50.58	$51.00	35.8%	9.6%	34.9%	87.7%	33.7%	3.5%	0.3%	-83.6M	1.70B	-34.6M	1.13	14.60	N/A	N/A	419,020	472,240	2,998,300	2,811,140
2018-04-09	$51.34	$51.00	34.5%	9.3%	33.5%	82.8%	32.7%	3.8%	-1.6%	-27.6M	582.4M	-34.2M	0.85	12.06	N/A	N/A	359,280	306,340	2,775,840	2,671,480
2018-04-10	$51.93	$51.00	33.0%	9.0%	33.7%	77.2%	31.2%	3.6%	-1.7%	5.5M	-173.0M	-34.3M	0.85	19.27	N/A	N/A	317,100	270,500	2,816,460	2,737,080
2018-04-11	$51.39	$51.00	33.0%	9.0%	33.0%	77.3%	31.7%	3.3%	-1.5%	-24.3M	520.0M	-34.1M	0.98	17.30	N/A	N/A	332,220	324,280	2,870,860	2,770,140
2018-04-12	$52.09	$51.00	31.1%	8.6%	33.4%	70.1%	30.0%	2.5%	-1.3%	41.1M	-630.8M	-33.8M	0.75	19.42	N/A	N/A	397,220	296,900	2,924,560	2,803,480
2018-04-13	$51.77	$51.00	30.4%	8.5%	33.3%	67.2%	29.8%	2.3%	-1.2%	27.2M	-159.8M	-33.4M	0.81	21.12	N/A	N/A	597,980	482,100	2,971,660	2,836,940
2018-04-16	$52.40	$51.00	28.7%	8.1%	33.7%	60.8%	28.4%	2.3%	-0.8%	36.4M	-1.45B	-33.3M	0.79	22.45	N/A	N/A	365,440	290,160	3,026,660	2,876,740
2018-04-17	$54.19	$51.00	28.0%	8.0%	34.5%	58.1%	28.2%	1.8%	-1.0%	195.3M	-4.56B	-32.8M	0.67	23.19	N/A	N/A	640,900	429,680	3,104,180	2,935,000
2018-04-18	$53.81	$51.00	28.7%	8.2%	34.5%	60.9%	28.9%	1.8%	-1.3%	188.8M	-3.91B	-33.6M	0.76	26.92	N/A	N/A	444,540	338,020	3,219,200	3,003,700
2018-04-19	$54.71	$51.00	30.2%	8.7%	35.1%	66.6%	30.6%	1.8%	-1.5%	322.9M	-5.47B	-34.1M	0.53	23.86	N/A	N/A	684,780	359,880	3,287,280	3,089,880
2018-04-20	$53.78	$51.00	31.0%	9.0%	32.9%	69.7%	31.4%	1.5%	-0.9%	137.0M	-3.63B	-34.2M	0.51	24.62	N/A	N/A	920,620	469,780	3,352,580	3,159,780
2018-04-23	$53.75	$51.00	30.7%	9.2%	31.5%	68.3%	31.8%	2.1%	-1.7%	95.3M	-3.03B	-33.2M	0.82	24.13	N/A	N/A	781,420	644,700	2,484,160	2,461,380
2018-04-24	$50.74	$51.00	25.8%	7.4%	36.8%	49.7%	25.9%	1.9%	0.1%	-158.0M	1.55B	-31.7M	1.10	30.21	N/A	N/A	1,084,960	1,194,840	2,768,500	2,755,480
2018-04-25	$51.14	$51.00	24.7%	7.1%	33.0%	45.5%	24.8%	2.0%	-0.6%	-136.8M	849.2M	-33.5M	1.25	31.40	N/A	N/A	527,840	661,520	2,982,780	3,105,580
2018-04-26	$52.23	$51.00	23.0%	6.5%	33.8%	39.1%	23.0%	1.9%	-0.4%	22.3M	-1.30B	-33.3M	0.90	32.37	N/A	N/A	657,320	592,200	3,049,840	3,195,820
2018-04-27	$51.57	$51.00	21.4%	6.2%	32.5%	33.1%	21.8%	1.7%	-0.4%	-162.8M	-58.7M	-33.3M	0.99	36.64	N/A	N/A	640,580	633,420	3,178,760	3,212,440
2018-04-30	$51.25	$51.00	21.0%	6.2%	31.2%	31.2%	21.6%	1.7%	-0.1%	-29.2M	143.2M	-32.2M	1.37	33.83	N/A	N/A	315,120	432,060	2,652,240	2,780,060