GOOGL Options History — December 2018

In December 2018, GOOGL traded between $49.34 and $55.77. ATM implied volatility averaged 32.3%, placing in the 71.9% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 1.5% (HV 20d: 33.8%). Max pain ranged from $52.50 to $55.50. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.97.

Notable Days

2018-12-21: Highest Volume — 1,014,920 contracts
2018-12-04: Largest IV spike — 20.1% change
2018-12-24: Highest IV Rank — 100.0%
2018-12-24: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.43	$49.34	$55.77	$55.77	$51.98
Max Pain	$52.92	$52.50	$55.50	$55.00	$52.50
ATM IV	32.3%	24.0%	40.4%	24.0%	36.6%
Expected Move	9.4%	7.3%	11.8%	7.3%	9.5%
HV 20d	33.8%	31.5%	38.6%	32.2%	35.8%
HV 60d	34.9%	32.6%	37.4%	32.6%	36.9%
IV Rank	71.9%	40.7%	100.0%	40.7%	83.9%
IV Percentile	83.6%	52.8%	100.0%	52.8%	96.0%
Term Structure	0.8%	-1.0%	4.5%	0.4%	-1.0%
VWIV	33.0%	25.6%	41.1%	25.6%	33.4%
Skew 25d	5.1%	3.5%	7.4%	3.6%	7.0%
Skew 10d	10.0%	6.5%	15.4%	6.5%	12.5%
Call IV 25d	29.9%	22.4%	37.0%	22.4%	34.2%
Put IV 25d	35.0%	25.9%	44.4%	25.9%	41.2%
Bid-Ask Spread %	37.40	28.16	47.73	37.32	35.58
Gamma HHI	0.03	0.02	0.07	0.03	0.03
Net GEX	-55.1M	-174.0M	82.4M	82.4M	-28.4M
Net DEX	999.0M	-1.65B	3.80B	-1.65B	495.0M
Net VEX	-25.5M	-27.3M	-23.6M	-26.8M	-23.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.97	0.71	1.40	0.79	0.82
Total Volume	515,576	285,120	1,014,920	526,040	285,120
Total OI	4,592,561	3,977,780	5,008,240	4,522,800	3,977,780

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
2018-12-03	$55.77	$55.00	24.0%	7.3%	32.2%	40.7%	25.6%	3.6%	0.4%	82.4M	-1.65B	-26.8M	0.79	37.32	N/A	N/A	293,340	232,700	2,231,880	2,290,920
2018-12-04	$53.26	$55.50	28.9%	9.2%	35.6%	59.6%	31.9%	3.8%	-0.0%	-54.4M	867.6M	-26.9M	0.73	40.96	N/A	N/A	325,860	238,540	2,296,740	2,342,780
2018-12-05	$53.15	$55.50	29.2%	9.5%	35.1%	60.8%	32.7%	3.5%	-0.3%	-58.5M	937.4M	-26.7M	0.72	46.22	N/A	N/A	340,500	245,920	2,296,740	2,342,780
2018-12-06	$53.82	$52.50	29.5%	8.4%	32.7%	62.3%	29.9%	4.1%	-0.1%	-31.7M	336.0M	-27.3M	0.71	33.78	N/A	N/A	254,800	181,300	2,370,880	2,394,360
2018-12-07	$52.78	$52.50	30.1%	8.7%	32.7%	64.5%	30.7%	4.3%	-0.1%	-102.6M	1.37B	-26.8M	1.04	39.98	N/A	N/A	173,180	180,820	2,417,080	2,443,580
2018-12-10	$52.76	$52.50	30.8%	8.9%	32.6%	67.0%	31.5%	4.5%	0.2%	-69.7M	1.18B	-26.1M	1.21	36.56	N/A	N/A	145,620	176,700	2,277,840	2,347,280
2018-12-11	$53.33	$52.50	29.3%	8.6%	31.5%	61.3%	30.9%	4.7%	0.5%	-50.9M	670.1M	-26.2M	1.02	40.67	N/A	N/A	196,400	200,060	2,314,400	2,388,600
2018-12-12	$54.02	$52.50	27.6%	8.1%	31.7%	54.6%	28.4%	4.2%	0.6%	2.4M	-213.4M	-26.2M	1.15	38.77	N/A	N/A	220,460	253,000	2,377,320	2,407,500
2018-12-13	$53.62	$52.50	27.5%	8.0%	31.7%	54.1%	27.1%	4.2%	0.6%	-23.1M	236.7M	-25.8M	1.14	41.60	N/A	N/A	206,020	235,200	2,415,280	2,438,780
2018-12-14	$52.50	$52.50	29.4%	8.5%	32.4%	61.8%	29.6%	4.3%	0.4%	-122.0M	1.50B	-25.3M	0.88	42.28	N/A	N/A	320,900	282,760	2,451,960	2,470,580
2018-12-17	$50.88	$52.50	32.9%	9.5%	34.2%	75.6%	32.8%	4.2%	-0.5%	-133.3M	2.63B	-24.2M	1.09	40.30	N/A	N/A	174,020	188,840	2,313,360	2,361,420
2018-12-18	$52.54	$52.50	32.4%	9.3%	32.7%	73.5%	34.4%	4.8%	-0.4%	-81.3M	1.13B	-25.4M	1.00	35.66	N/A	N/A	231,420	231,520	2,365,760	2,379,500
2018-12-19	$51.61	$52.50	33.5%	9.6%	33.3%	77.7%	33.3%	5.0%	-0.5%	-118.5M	1.99B	-24.8M	0.88	47.73	N/A	N/A	281,000	247,280	2,407,100	2,411,560
2018-12-20	$51.13	$52.50	35.5%	10.2%	33.1%	85.6%	36.4%	5.3%	-0.4%	-137.2M	2.38B	-24.8M	0.93	37.19	N/A	N/A	366,920	340,800	2,461,200	2,428,360
2018-12-21	$49.34	$52.50	38.6%	11.1%	35.0%	97.9%	38.4%	6.5%	-0.6%	-174.0M	3.80B	-23.6M	1.06	28.16	N/A	N/A	492,720	522,200	2,543,800	2,464,440
2018-12-24	$49.57	$52.50	40.4%	11.8%	34.0%	100.0%	41.1%	7.4%	3.5%	-57.3M	1.99B	-24.1M	1.40	29.17	N/A	N/A	196,000	273,680	1,964,860	2,020,480
2018-12-26	$52.02	$52.50	36.5%	10.6%	38.6%	85.2%	38.0%	6.7%	4.3%	4.2M	306.2M	-24.7M	1.07	30.59	N/A	N/A	269,300	287,620	1,982,880	2,054,520
2018-12-27	$52.22	$52.50	37.5%	10.7%	36.0%	88.9%	37.7%	6.6%	4.0%	23.0M	21.4M	-25.1M	0.83	33.02	N/A	N/A	302,220	251,080	2,046,960	2,086,300
2018-12-28	$52.23	$52.50	36.0%	10.1%	35.8%	82.2%	35.7%	6.9%	4.5%	28.4M	-1.9M	-24.7M	0.82	32.53	N/A	N/A	365,000	300,700	2,119,480	2,144,180
2018-12-31	$51.98	$52.50	36.6%	9.5%	35.8%	83.9%	33.4%	7.0%	-1.0%	-28.4M	495.0M	-23.8M	0.82	35.58	N/A	N/A	156,440	128,680	1,957,600	2,020,180