GOOGL Options History — January 2025

In January 2025, GOOGL traded between $188.95 and $203.77. ATM implied volatility averaged 34.5%, placing in the 76.2% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 6.5% (HV 20d: 27.9%). Max pain ranged from $160.00 to $185.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.38.

Notable Days

2025-01-31: Highest Volume — 494,977 contracts
2025-01-06: Largest IV spike — 9.5% change
2025-01-27: Highest IV Rank — 91.0%
2025-01-29: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$195.22	$188.95	$203.77	$189.07	$203.77
Max Pain	$179.50	$160.00	$185.00	$160.00	$185.00
ATM IV	34.5%	30.3%	37.2%	31.3%	35.8%
Expected Move	9.6%	6.8%	11.6%	7.5%	11.2%
HV 20d	27.9%	21.4%	35.9%	35.6%	27.3%
HV 60d	30.5%	29.5%	32.0%	29.5%	31.6%
IV Rank	76.2%	53.9%	91.0%	59.4%	83.2%
IV Percentile	87.2%	73.0%	97.2%	77.8%	91.3%
Term Structure	-1.4%	-2.4%	3.3%	2.7%	-1.7%
VWIV	33.8%	24.2%	40.6%	26.6%	39.2%
Skew 25d	1.5%	0.7%	2.6%	1.6%	1.3%
Skew 10d	3.7%	1.9%	6.4%	4.7%	3.4%
Call IV 25d	33.9%	28.9%	36.6%	30.7%	35.7%
Put IV 25d	35.4%	30.5%	38.0%	32.3%	36.9%
Bid-Ask Spread %	3.23	2.03	5.19	2.26	2.09
Gamma HHI	0.15	0.07	0.80	0.10	0.11
Net GEX	460.6M	142.6M	2.62B	264.3M	384.8M
Net DEX	-9.39B	-11.97B	-5.65B	-9.00B	-10.55B
Net VEX	-57.2M	-58.7M	-55.7M	-57.1M	-57.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.25	0.56	0.34	0.47
Total Volume	304,732.3	147,780	494,977	212,006	494,977
Total OI	2,419,288.05	1,984,684	2,754,601	2,652,320	2,207,598

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
2025-01-02	$189.07	$160.00	31.3%	7.5%	35.6%	59.4%	26.6%	1.6%	2.7%	264.3M	-9.00B	-57.1M	0.34	2.26	N/A	N/A	158,317	53,689	1,447,190	1,205,130
2025-01-03	$191.70	$160.00	30.3%	6.8%	35.2%	53.9%	24.2%	1.6%	3.3%	449.9M	-10.12B	-58.1M	0.40	2.03	N/A	N/A	172,420	68,145	1,462,448	1,220,291
2025-01-06	$196.02	$175.00	33.2%	8.9%	35.5%	69.2%	31.6%	0.7%	-1.3%	409.6M	-11.97B	-56.5M	0.25	3.61	N/A	N/A	256,001	65,026	1,372,200	1,185,771
2025-01-07	$195.23	$180.00	34.7%	9.2%	35.7%	77.6%	32.3%	1.5%	-1.3%	408.6M	-11.55B	-58.1M	0.28	5.19	N/A	N/A	284,474	78,296	1,421,311	1,202,525
2025-01-08	$193.87	$180.00	34.6%	9.1%	35.9%	76.8%	31.9%	1.8%	-1.3%	368.9M	-10.80B	-56.8M	0.39	3.60	N/A	N/A	207,472	80,452	1,444,953	1,217,681
2025-01-10	$192.13	$180.00	36.1%	9.6%	31.0%	85.1%	33.4%	2.2%	-2.4%	324.9M	-9.67B	-57.5M	0.51	3.60	N/A	N/A	241,597	123,672	1,475,494	1,234,517
2025-01-13	$190.83	$180.00	35.3%	9.4%	25.3%	80.8%	32.7%	2.0%	-2.0%	239.3M	-9.17B	-56.6M	0.46	3.24	N/A	N/A	142,613	65,773	1,384,237	1,223,389
2025-01-14	$188.95	$180.00	34.7%	9.3%	25.2%	77.3%	33.2%	2.6%	-2.1%	213.2M	-8.41B	-56.2M	0.44	3.24	N/A	N/A	102,294	45,486	1,422,992	1,245,140
2025-01-15	$195.70	$180.00	33.1%	9.0%	28.0%	69.1%	31.1%	1.7%	-2.0%	496.7M	-11.39B	-56.9M	0.35	3.09	N/A	N/A	189,759	67,085	1,425,047	1,259,503
2025-01-16	$193.61	$180.00	32.5%	8.9%	24.9%	65.8%	31.2%	1.6%	-1.8%	398.7M	-10.45B	-55.7M	0.56	3.35	N/A	N/A	100,456	56,603	1,461,921	1,269,613
2025-01-17	$196.30	$180.00	32.9%	9.0%	25.2%	67.7%	31.6%	1.6%	-2.3%	545.4M	-11.89B	-56.1M	0.50	2.78	N/A	N/A	232,785	116,718	1,475,163	1,279,438
2025-01-21	$198.65	$180.00	33.5%	9.5%	21.6%	71.0%	33.2%	1.4%	-1.9%	329.8M	-8.38B	-55.9M	0.26	2.87	N/A	N/A	261,359	66,679	1,057,624	927,060
2025-01-22	$198.05	$180.00	34.0%	9.7%	21.7%	73.7%	34.1%	1.3%	-2.0%	351.1M	-8.09B	-57.3M	0.31	2.75	N/A	N/A	197,940	61,028	1,110,737	938,819
2025-01-23	$196.88	$185.00	34.6%	10.0%	21.4%	77.0%	35.0%	1.4%	-1.8%	332.2M	-7.66B	-57.3M	0.51	2.47	N/A	N/A	252,044	129,582	1,139,191	953,987
2025-01-24	$199.95	$185.00	34.8%	10.2%	21.7%	77.8%	35.5%	1.0%	-2.2%	2.62B	-9.13B	-57.4M	0.33	2.35	N/A	N/A	323,363	106,172	1,175,076	984,794
2025-01-27	$191.75	$185.00	37.2%	11.3%	26.5%	91.0%	39.3%	1.9%	-1.7%	142.6M	-5.65B	-57.8M	0.38	4.67	N/A	N/A	280,585	105,982	1,123,363	951,338
2025-01-28	$195.26	$185.00	37.1%	11.4%	27.3%	90.1%	39.7%	1.3%	-1.7%	213.1M	-7.00B	-58.7M	0.29	3.24	N/A	N/A	203,398	58,595	1,142,185	975,390
2025-01-29	$195.89	$185.00	37.2%	11.6%	26.1%	90.7%	40.6%	1.3%	-1.8%	251.6M	-7.40B	-58.7M	0.25	3.82	N/A	N/A	208,905	52,251	1,177,062	989,790
2025-01-30	$200.71	$185.00	36.4%	11.3%	27.4%	86.6%	39.6%	1.1%	-2.0%	465.4M	-9.44B	-58.1M	0.35	4.28	N/A	N/A	284,273	98,380	1,192,874	1,002,919
2025-01-31	$203.77	$185.00	35.8%	11.2%	27.3%	83.2%	39.2%	1.3%	-1.7%	384.8M	-10.55B	-57.7M	0.47	2.09	N/A	N/A	336,243	158,734	1,191,584	1,016,014