GOOGL Options History — March 2025

In March 2025, GOOGL traded between $154.21 and $173.75. ATM implied volatility averaged 32.2%, placing in the 64.3% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 0.8% (HV 20d: 33.0%). Max pain ranged from $170.00 to $180.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.55.

Notable Days

2025-03-28: Highest Volume — 548,960 contracts
2025-03-10: Largest IV spike — 21.1% change
2025-03-31: Highest IV Rank — 99.9%
2025-03-10: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$165.40	$154.21	$173.75	$166.20	$155.09
Max Pain	$174.17	$170.00	$180.00	$180.00	$170.00
ATM IV	32.2%	28.2%	38.9%	33.5%	38.9%
Expected Move	10.0%	9.0%	12.6%	10.2%	10.6%
HV 20d	33.0%	25.3%	39.7%	35.4%	39.6%
HV 60d	33.7%	32.0%	36.0%	34.2%	35.1%
IV Rank	64.3%	42.7%	99.9%	70.9%	99.9%
IV Percentile	71.5%	52.0%	99.6%	76.2%	99.6%
Term Structure	1.3%	-1.6%	4.8%	-0.5%	-1.6%
VWIV	34.7%	31.3%	44.0%	34.5%	35.8%
Skew 25d	4.5%	3.5%	6.7%	4.4%	4.9%
Skew 10d	8.9%	6.9%	13.6%	9.1%	10.4%
Call IV 25d	30.1%	26.6%	37.4%	31.4%	37.4%
Put IV 25d	34.6%	30.1%	42.3%	35.7%	42.3%
Bid-Ask Spread %	2.50	1.30	3.60	2.57	3.31
Gamma HHI	0.05	0.04	0.09	0.05	0.05
Net GEX	18.3M	-101.4M	175.2M	-23.0M	-57.4M
Net DEX	99.0M	-2.91B	2.92B	1.08B	2.00B
Net VEX	-65.2M	-69.0M	-60.9M	-65.2M	-62.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.34	0.82	0.34	0.57
Total Volume	306,139.333	175,036	548,960	280,936	320,228
Total OI	2,892,251	2,652,889	3,150,059	2,775,733	2,723,438

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
2025-03-03	$166.20	$180.00	33.5%	10.2%	35.4%	70.9%	34.5%	4.4%	-0.5%	-23.0M	1.08B	-65.2M	0.34	2.57	N/A	N/A	208,978	71,958	1,620,514	1,155,219
2025-03-04	$171.38	$180.00	32.0%	9.5%	38.3%	62.9%	34.1%	3.9%	-0.3%	51.9M	-845.2M	-67.0M	0.44	2.69	N/A	N/A	308,042	135,122	1,647,868	1,163,469
2025-03-05	$173.31	$180.00	30.3%	9.4%	37.4%	54.0%	32.9%	3.5%	-0.2%	159.1M	-1.93B	-68.8M	0.56	2.04	N/A	N/A	141,542	79,108	1,702,764	1,189,394
2025-03-06	$171.97	$180.00	33.6%	10.2%	25.3%	71.5%	35.7%	3.9%	-0.5%	132.8M	-1.31B	-69.0M	0.67	2.27	N/A	N/A	183,646	123,213	1,712,958	1,205,447
2025-03-07	$173.75	$180.00	31.4%	9.7%	25.6%	59.6%	34.2%	4.7%	-0.3%	175.2M	-1.83B	-68.1M	0.43	1.94	N/A	N/A	257,545	110,814	1,718,625	1,224,051
2025-03-10	$165.62	$180.00	38.0%	12.6%	28.6%	95.1%	44.0%	6.7%	-1.6%	-38.7M	1.35B	-65.3M	0.55	2.26	N/A	N/A	285,362	157,536	1,612,653	1,192,279
2025-03-11	$164.64	$180.00	36.2%	11.9%	28.3%	85.3%	41.5%	6.1%	-1.3%	-37.7M	1.38B	-63.9M	0.63	1.97	N/A	N/A	201,045	126,341	1,670,656	1,219,527
2025-03-12	$167.14	$177.50	33.8%	10.4%	29.3%	72.3%	35.9%	5.4%	-0.9%	-3.7M	291.7M	-65.0M	0.51	1.37	N/A	N/A	181,665	93,305	1,714,409	1,241,950
2025-03-13	$162.57	$175.00	34.1%	10.9%	30.3%	74.3%	37.2%	5.3%	-1.0%	-73.6M	1.91B	-63.9M	0.55	1.30	N/A	N/A	232,818	127,558	1,752,628	1,258,059
2025-03-14	$164.96	$175.00	30.8%	9.2%	30.6%	56.8%	31.6%	4.8%	-0.5%	11.4M	509.9M	-64.4M	0.46	1.38	N/A	N/A	237,425	108,436	1,805,914	1,246,648
2025-03-17	$165.29	$170.00	29.5%	9.7%	30.6%	49.5%	33.7%	3.9%	2.7%	-7.4M	369.5M	-63.7M	0.44	3.60	N/A	N/A	146,758	64,007	1,706,351	1,223,639
2025-03-18	$160.17	$170.00	31.7%	10.0%	31.9%	61.2%	34.9%	4.4%	2.3%	-71.3M	1.73B	-62.1M	0.52	3.17	N/A	N/A	294,270	152,750	1,752,353	1,225,381
2025-03-19	$165.48	$170.00	29.0%	9.5%	34.3%	47.1%	32.7%	3.6%	3.0%	64.0M	-862.6M	-65.3M	0.69	3.47	N/A	N/A	140,309	96,916	1,834,614	1,267,714
2025-03-20	$162.94	$170.00	29.4%	9.6%	34.4%	48.9%	33.6%	4.0%	2.4%	-6.3M	357.9M	-65.4M	0.82	3.34	N/A	N/A	144,435	118,182	1,845,629	1,281,169
2025-03-21	$163.04	$170.00	28.8%	9.4%	33.4%	45.7%	32.2%	3.5%	2.8%	-18.4M	78.0M	-65.7M	0.57	3.12	N/A	N/A	145,840	83,014	1,875,827	1,274,232
2025-03-24	$167.48	$170.00	28.9%	9.2%	35.1%	46.6%	31.3%	3.6%	4.3%	90.6M	-1.74B	-65.9M	0.48	2.65	N/A	N/A	133,197	64,283	1,531,725	1,121,164
2025-03-25	$170.13	$170.00	28.2%	9.0%	34.8%	42.7%	31.5%	3.9%	4.8%	161.8M	-2.91B	-67.5M	0.42	2.46	N/A	N/A	149,130	63,323	1,565,157	1,138,076
2025-03-26	$165.26	$170.00	31.2%	9.6%	35.8%	58.8%	33.6%	4.5%	4.5%	25.1M	-724.2M	-66.0M	0.61	2.09	N/A	N/A	108,655	66,381	1,581,663	1,160,650
2025-03-27	$162.80	$170.00	31.3%	9.5%	35.1%	59.1%	32.8%	4.0%	4.8%	-48.7M	245.0M	-65.2M	0.61	2.73	N/A	N/A	134,541	82,288	1,597,073	1,175,635
2025-03-28	$154.21	$170.00	36.5%	10.5%	39.7%	87.4%	35.5%	5.1%	4.1%	-101.4M	2.92B	-60.9M	0.60	2.74	N/A	N/A	343,347	205,613	1,622,171	1,178,578
2025-03-31	$155.09	$170.00	38.9%	10.6%	39.6%	99.9%	35.8%	4.9%	-1.6%	-57.4M	2.00B	-62.0M	0.57	3.31	N/A	N/A	204,279	115,949	1,569,805	1,153,633