GOOGL Options History — September 2025

In September 2025, GOOGL traded between $210.83 and $255.80. ATM implied volatility averaged 30.0%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 4.8% (HV 20d: 34.8%). Max pain ranged from $190.00 to $210.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.64.

Notable Days

2025-09-03: Highest Volume — 1,647,618 contracts
2025-09-15: Largest IV spike — 15.2% change
2025-09-30: Highest IV Rank — 44.9%
2025-09-02: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$242.52	$210.83	$255.80	$210.83	$242.91
Max Pain	$202.14	$190.00	$210.00	$190.00	$210.00
ATM IV	30.0%	25.7%	37.6%	31.7%	37.6%
Expected Move	8.3%	7.5%	9.8%	9.8%	8.8%
HV 20d	34.8%	19.5%	37.4%	19.5%	37.0%
HV 60d	26.8%	22.5%	28.5%	22.5%	26.6%
IV Rank	25.3%	14.1%	44.9%	29.5%	44.9%
IV Percentile	47.8%	17.1%	90.9%	62.3%	90.9%
Term Structure	1.6%	-1.2%	6.0%	-0.7%	-1.2%
VWIV	30.1%	26.7%	35.2%	35.2%	31.2%
Skew 25d	1.2%	-0.2%	3.3%	3.3%	0.9%
Skew 10d	3.4%	0.8%	7.7%	7.7%	4.1%
Call IV 25d	30.0%	25.6%	38.4%	30.6%	38.2%
Put IV 25d	31.1%	26.8%	39.1%	33.8%	39.1%
Bid-Ask Spread %	2.87	2.14	3.99	3.33	2.68
Gamma HHI	0.09	0.07	0.27	0.09	0.07
Net GEX	650.6M	365.0M	1.24B	598.9M	413.9M
Net DEX	-27.70B	-36.21B	-16.42B	-16.42B	-20.91B
Net VEX	-98.0M	-103.2M	-88.0M	-89.9M	-103.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.44	0.99	0.59	0.61
Total Volume	458,058.143	202,975	1,647,618	373,332	303,144
Total OI	3,456,209.095	3,038,850	3,809,682	3,312,790	3,178,079

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
2025-09-02	$210.83	$190.00	31.7%	9.8%	19.5%	29.5%	35.2%	3.3%	-0.7%	598.9M	-16.42B	-89.9M	0.59	3.33	N/A	N/A	234,837	138,495	1,982,662	1,330,128
2025-09-03	$229.71	$190.00	27.5%	8.0%	34.8%	18.8%	29.6%	1.1%	-0.2%	808.2M	-28.66B	-88.0M	0.49	2.14	N/A	N/A	1,108,662	538,956	2,038,093	1,384,918
2025-09-04	$231.97	$195.00	26.7%	7.7%	34.8%	16.6%	28.0%	1.7%	0.3%	866.1M	-28.27B	-93.2M	0.66	3.06	N/A	N/A	387,447	254,521	2,132,420	1,508,006
2025-09-05	$235.05	$195.00	25.7%	7.5%	34.8%	14.1%	27.1%	1.1%	0.4%	1.24B	-30.32B	-94.4M	0.67	2.23	N/A	N/A	419,143	280,933	2,158,798	1,559,623
2025-09-08	$234.46	$200.00	26.1%	7.5%	34.3%	15.0%	26.7%	1.8%	0.1%	669.8M	-26.79B	-93.5M	0.74	2.16	N/A	N/A	222,674	165,897	1,994,881	1,441,444
2025-09-09	$239.92	$200.00	27.0%	7.8%	34.5%	17.5%	28.4%	2.1%	0.0%	743.3M	-29.59B	-95.4M	0.99	3.72	N/A	N/A	224,566	222,162	2,023,920	1,484,117
2025-09-10	$239.85	$200.00	27.5%	7.9%	34.6%	18.6%	28.3%	1.9%	0.2%	671.2M	-29.19B	-96.1M	0.46	3.08	N/A	N/A	304,439	140,653	2,033,317	1,549,070
2025-09-11	$241.85	$200.00	27.4%	7.8%	33.9%	18.4%	28.3%	0.8%	-0.0%	780.6M	-30.92B	-95.2M	0.62	3.53	N/A	N/A	235,097	146,019	2,089,698	1,575,853
2025-09-12	$240.85	$200.00	27.3%	7.9%	34.2%	18.1%	28.4%	1.2%	0.2%	738.6M	-30.28B	-97.2M	0.66	2.96	N/A	N/A	222,668	145,913	2,128,905	1,600,843
2025-09-15	$251.47	$200.00	31.4%	9.0%	36.4%	28.8%	32.7%	-0.2%	2.3%	622.3M	-33.93B	-98.4M	0.49	3.99	N/A	N/A	518,941	254,011	2,030,777	1,495,798
2025-09-16	$251.37	$200.00	30.8%	8.8%	36.0%	27.4%	32.3%	0.9%	0.8%	648.5M	-33.80B	-101.2M	0.56	3.01	N/A	N/A	192,820	108,490	2,122,147	1,571,489
2025-09-17	$249.87	$200.00	29.3%	8.4%	35.7%	23.5%	31.6%	1.1%	1.5%	663.0M	-32.74B	-100.3M	0.71	2.93	N/A	N/A	179,336	126,546	2,133,773	1,603,558
2025-09-18	$251.72	$205.00	29.5%	8.4%	35.1%	23.9%	30.2%	0.7%	1.4%	717.8M	-33.80B	-100.5M	0.44	2.86	N/A	N/A	230,623	101,393	2,136,498	1,628,191
2025-09-19	$255.80	$205.00	28.9%	8.1%	34.9%	22.3%	29.9%	0.8%	1.6%	847.6M	-36.21B	-100.1M	0.69	3.52	N/A	N/A	246,628	170,850	2,157,019	1,652,663
2025-09-22	$251.37	$205.00	30.9%	8.5%	35.9%	27.5%	30.7%	0.8%	5.1%	495.9M	-25.27B	-101.0M	0.63	2.40	N/A	N/A	225,948	142,754	1,771,536	1,267,314
2025-09-23	$251.42	$210.00	31.6%	8.7%	36.0%	29.5%	31.7%	0.9%	5.4%	485.9M	-25.29B	-100.5M	0.74	2.89	N/A	N/A	116,533	86,442	1,806,831	1,308,364
2025-09-24	$246.77	$210.00	31.4%	8.6%	36.7%	28.7%	30.6%	0.7%	5.8%	412.8M	-22.78B	-102.4M	0.69	2.28	N/A	N/A	174,201	119,549	1,827,998	1,329,281
2025-09-25	$245.47	$210.00	33.1%	8.7%	37.0%	33.1%	30.7%	1.3%	5.5%	365.0M	-22.15B	-102.1M	0.74	2.21	N/A	N/A	180,971	134,589	1,851,380	1,343,227
2025-09-26	$246.61	$210.00	32.4%	8.1%	36.8%	31.5%	29.2%	0.9%	6.0%	437.0M	-22.97B	-102.4M	0.55	2.64	N/A	N/A	172,621	94,825	1,879,687	1,361,698
2025-09-29	$243.70	$210.00	36.9%	8.7%	37.4%	43.1%	30.6%	0.5%	-0.6%	434.3M	-21.33B	-102.3M	0.61	2.74	N/A	N/A	214,185	130,739	1,819,650	1,286,737
2025-09-30	$242.91	$210.00	37.6%	8.8%	37.0%	44.9%	31.2%	0.9%	-1.2%	413.9M	-20.91B	-103.2M	0.61	2.68	N/A	N/A	188,636	114,508	1,856,480	1,321,599