GOOGL Options History — May 2025

In May 2025, GOOGL traded between $150.92 and $172.95. ATM implied volatility averaged 29.4%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 15.1% (HV 20d: 44.5%). Max pain ranged from $157.50 to $165.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.41.

Notable Days

2025-05-07: Highest Volume — 1,561,791 contracts
2025-05-07: Largest IV spike — 24.9% change
2025-05-07: Highest IV Rank — 39.8%
2025-05-07: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$164.39	$150.92	$172.95	$161.34	$171.05
Max Pain	$160.83	$157.50	$165.00	$160.00	$162.50
ATM IV	29.4%	26.5%	35.6%	29.9%	27.5%
Expected Move	8.4%	7.5%	9.8%	8.5%	7.9%
HV 20d	44.5%	41.8%	55.8%	49.8%	41.9%
HV 60d	42.4%	38.3%	43.6%	41.8%	43.0%
IV Rank	23.8%	16.2%	39.8%	24.9%	18.7%
IV Percentile	54.3%	38.5%	84.9%	58.3%	41.7%
Term Structure	-0.2%	-1.0%	0.3%	-0.0%	-0.2%
VWIV	29.7%	27.2%	34.0%	30.2%	28.6%
Skew 25d	2.9%	0.8%	5.8%	4.4%	2.9%
Skew 10d	6.1%	1.3%	11.4%	8.0%	7.9%
Call IV 25d	28.7%	25.9%	33.3%	27.6%	26.7%
Put IV 25d	31.6%	28.8%	39.1%	32.0%	29.6%
Bid-Ask Spread %	2.49	1.71	5.81	1.93	2.34
Gamma HHI	0.07	0.05	0.12	0.06	0.07
Net GEX	274.0M	-48.2M	538.7M	196.2M	339.7M
Net DEX	-4.78B	-9.16B	1.41B	-2.59B	-6.97B
Net VEX	-81.9M	-92.3M	-68.3M	-75.1M	-86.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.26	0.65	0.42	0.47
Total Volume	535,065.238	155,721	1,561,791	244,905	429,592
Total OI	3,448,819.905	3,113,891	3,716,782	3,260,534	3,528,166

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
2025-05-01	$161.34	$160.00	29.9%	8.5%	49.8%	24.9%	30.2%	4.4%	-0.0%	196.2M	-2.59B	-75.1M	0.42	1.93	N/A	N/A	172,227	72,678	1,990,039	1,270,495
2025-05-02	$163.85	$157.50	27.4%	7.9%	47.9%	18.5%	28.3%	4.4%	0.3%	288.6M	-3.62B	-76.3M	0.32	1.99	N/A	N/A	246,389	78,129	1,996,126	1,281,385
2025-05-05	$164.77	$165.00	28.2%	8.1%	47.2%	20.7%	28.6%	4.2%	0.0%	190.9M	-3.63B	-75.2M	0.51	2.02	N/A	N/A	111,785	56,521	1,891,251	1,222,640
2025-05-06	$163.92	$165.00	28.5%	8.2%	46.7%	21.4%	29.9%	4.9%	0.1%	180.2M	-3.18B	-75.3M	0.54	1.93	N/A	N/A	100,974	54,747	1,901,493	1,230,381
2025-05-07	$150.92	$165.00	35.6%	9.8%	55.8%	39.8%	34.0%	5.8%	-0.6%	-48.2M	1.41B	-68.3M	0.65	5.81	N/A	N/A	946,029	615,762	1,928,047	1,242,574
2025-05-08	$154.99	$160.00	30.0%	8.5%	45.0%	25.3%	29.5%	4.0%	-0.0%	239.5M	-1.11B	-74.6M	0.55	3.01	N/A	N/A	413,296	228,229	2,197,907	1,408,142
2025-05-09	$152.48	$160.00	30.7%	8.7%	43.5%	27.1%	29.8%	3.6%	-0.0%	-2.1M	323.6M	-73.9M	0.57	2.00	N/A	N/A	285,396	162,899	2,212,180	1,429,586
2025-05-12	$158.26	$160.00	26.5%	7.5%	44.2%	16.2%	27.2%	2.8%	-0.4%	148.2M	-2.27B	-75.5M	0.44	2.18	N/A	N/A	270,627	119,537	2,087,109	1,378,727
2025-05-13	$159.42	$160.00	27.9%	7.8%	43.7%	19.8%	28.0%	2.0%	-0.6%	158.3M	-2.76B	-78.1M	0.44	2.11	N/A	N/A	285,564	126,093	2,096,052	1,394,696
2025-05-14	$164.89	$160.00	30.0%	8.3%	44.1%	25.2%	29.6%	0.8%	-1.0%	289.1M	-6.11B	-83.7M	0.32	2.15	N/A	N/A	608,551	196,574	2,138,455	1,422,566
2025-05-15	$163.15	$160.00	29.5%	8.3%	43.6%	23.8%	29.7%	2.0%	-0.9%	256.7M	-4.99B	-83.8M	0.47	2.45	N/A	N/A	304,759	141,852	2,186,474	1,454,519
2025-05-16	$166.19	$160.00	29.2%	8.2%	43.7%	23.1%	29.1%	0.9%	-0.7%	288.1M	-6.88B	-85.2M	0.31	2.75	N/A	N/A	515,846	161,430	2,231,703	1,485,079
2025-05-19	$165.93	$160.00	29.7%	8.5%	42.1%	24.5%	29.9%	1.5%	-0.2%	285.1M	-5.65B	-84.6M	0.34	2.10	N/A	N/A	194,802	65,383	2,024,768	1,291,187
2025-05-20	$163.89	$160.00	29.4%	8.4%	41.9%	23.8%	29.8%	2.4%	0.0%	255.1M	-4.56B	-83.7M	0.26	2.57	N/A	N/A	516,422	132,744	2,078,434	1,311,178
2025-05-21	$169.31	$160.00	29.9%	8.6%	42.4%	25.0%	30.1%	2.8%	-0.0%	512.7M	-7.86B	-88.9M	0.34	3.02	N/A	N/A	873,632	297,073	2,170,026	1,335,080
2025-05-22	$171.78	$160.00	31.4%	9.0%	41.8%	28.8%	32.0%	1.7%	0.3%	538.7M	-9.16B	-92.3M	0.32	3.57	N/A	N/A	786,287	253,453	2,182,646	1,380,146
2025-05-23	$168.93	$160.00	30.9%	8.9%	42.1%	27.6%	31.9%	2.7%	0.1%	337.2M	-6.75B	-90.4M	0.40	2.89	N/A	N/A	357,640	144,499	2,258,230	1,407,581
2025-05-27	$172.95	$160.00	28.9%	8.4%	42.6%	22.3%	29.8%	2.1%	-0.3%	434.1M	-8.47B	-90.5M	0.34	1.71	N/A	N/A	245,727	84,551	2,104,987	1,313,803
2025-05-28	$172.61	$160.00	28.5%	8.2%	42.5%	21.5%	29.5%	1.9%	0.0%	451.8M	-8.12B	-89.4M	0.34	1.98	N/A	N/A	203,316	68,919	2,126,333	1,330,320
2025-05-29	$171.61	$162.50	28.4%	8.1%	42.3%	21.0%	28.8%	2.4%	-0.3%	415.0M	-7.41B	-89.4M	0.30	1.73	N/A	N/A	235,214	71,222	2,158,302	1,346,405
2025-05-30	$171.05	$162.50	27.5%	7.9%	41.9%	18.7%	28.6%	2.9%	-0.2%	339.7M	-6.97B	-86.7M	0.47	2.34	N/A	N/A	292,788	136,804	2,172,940	1,355,226