GME Options History — August 2007

In August 2007, GME traded between $9.74 and $12.54. ATM implied volatility averaged 46.5%, placing in the 79.3% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 1.2% (HV 20d: 47.7%). Max pain ranged from $10.00 to $11.25. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.69.

Notable Days

  • 2007-08-23: Highest Volume — 80,428 contracts
  • 2007-08-23: Largest IV drop — 23.1% change
  • 2007-08-03: Highest IV Rank — 100.0%
  • 2007-08-13: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.84$9.74$12.54$10.03$12.54
Max Pain$10.27$10.00$11.25$10.00$11.25
ATM IV46.5%38.1%57.5%46.3%39.8%
Expected Move13.8%10.9%16.5%13.3%11.4%
HV 20d47.7%26.8%65.8%26.8%62.5%
HV 60d37.7%30.3%44.7%30.3%44.4%
IV Rank79.3%49.4%100.0%92.5%53.9%
IV Percentile91.3%75.9%100.0%97.9%76.0%
Term Structure-1.8%-6.4%2.3%-1.7%2.3%
VWIV48.9%38.6%58.8%47.1%43.6%
Skew 25d2.8%-1.4%5.8%-0.2%5.8%
Skew 10d6.8%-4.1%15.0%-2.0%15.0%
Call IV 25d46.1%36.7%52.5%48.9%39.8%
Put IV 25d48.9%40.3%56.1%48.7%45.5%
Bid-Ask Spread %11.236.2827.0312.9717.66
Gamma HHI0.370.270.530.300.34
Net GEX826.8K415.8K2.2M785.3K1.1M
Net DEX-85.5M-145.9M-49.1M-58.9M-145.9M
Net VEX-308.5K-341.7K-281.7K-284.9K-325.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.191.490.850.83
Total Volume22,526.4355,46080,4287,31618,284
Total OI247,342.957207,476307,892207,476307,892

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$10.03$10.0046.3%13.3%26.8%92.5%47.1%-0.2%-1.7%785.3K-58.9M-284.9K0.8512.97N/AN/A3,9443,372122,15685,320
2007-08-02$10.38$10.0047.5%13.6%28.1%96.7%47.2%1.3%-3.1%890.5K-68.7M-283.4K0.7027.03N/AN/A3,2042,256122,49286,260
2007-08-03$9.89$10.0050.3%14.4%32.9%100.0%50.8%0.4%-3.6%691.0K-54.3M-287.7K0.7011.05N/AN/A11,9008,324122,02886,340
2007-08-06$10.15$10.0051.2%14.1%30.9%100.0%49.7%3.7%-2.5%724.5K-62.3M-299.6K0.518.91N/AN/A6,2443,160126,54092,056
2007-08-07$10.69$10.0045.0%13.8%35.2%80.8%50.6%4.0%-3.6%926.7K-80.1M-288.8K1.497.92N/AN/A10,27215,312126,24493,704
2007-08-08$11.01$10.0042.4%13.1%36.5%72.6%46.9%-1.4%-1.7%887.7K-87.0M-288.2K0.249.58N/AN/A10,1562,472125,528102,636
2007-08-09$10.24$10.0047.0%15.2%44.8%87.1%51.0%4.5%-2.6%563.0K-62.2M-309.7K0.4310.56N/AN/A6,7682,892128,260100,868
2007-08-10$9.97$10.0047.5%15.7%45.6%88.6%54.3%-0.5%-3.7%471.2K-53.8M-312.8K0.588.54N/AN/A7,4524,316130,748100,604
2007-08-13$10.17$10.0051.1%16.5%46.3%99.9%55.4%5.0%-6.4%594.8K-60.8M-310.3K1.008.06N/AN/A9,0329,064133,012101,212
2007-08-14$10.02$10.0050.7%16.3%46.4%98.6%55.8%4.9%-5.4%415.8K-53.0M-320.0K0.246.28N/AN/A6,2841,536136,156107,572
2007-08-15$9.88$10.0050.5%16.0%46.3%97.9%56.9%3.5%-4.0%476.6K-49.1M-322.9K0.199.21N/AN/A19,3963,644140,180105,408
2007-08-16$9.74$10.0057.5%16.5%46.4%100.0%58.8%3.6%-3.9%637.6K-50.2M-334.2K0.4712.66N/AN/A6,4923,036152,232106,284
2007-08-17$9.97$10.0053.5%15.3%47.3%89.6%53.7%2.6%-2.6%2.2M-57.9M-326.1K0.5110.33N/AN/A7,9284,020152,804104,876
2007-08-20$10.42$10.0048.4%13.9%49.5%76.4%49.3%4.0%0.6%728.0K-73.0M-311.6K0.708.70N/AN/A8,2045,768128,41291,452
2007-08-21$10.74$10.0046.5%13.3%50.4%71.3%49.0%3.5%-1.4%840.3K-82.9M-311.5K0.488.84N/AN/A16,4887,956131,43294,156
2007-08-22$10.86$10.0050.5%14.5%50.4%81.8%53.3%3.8%-4.2%932.9K-88.5M-313.3K1.189.51N/AN/A27,00431,804135,68896,364
2007-08-23$11.86$10.0038.8%11.1%58.2%51.4%38.6%3.6%1.9%1.1M-126.1M-281.7K0.6312.03N/AN/A49,26431,164143,416114,316
2007-08-24$12.36$10.0038.1%10.9%58.7%49.4%40.5%4.1%1.0%709.5K-139.1M-285.9K0.4615.55N/AN/A28,82413,308147,404130,604
2007-08-27$12.18$11.2540.7%11.7%59.3%56.3%41.6%1.8%-0.5%731.8K-130.6M-308.8K0.488.81N/AN/A17,0688,172150,356136,740
2007-08-28$11.61$11.2541.9%12.0%62.5%59.4%42.3%1.4%1.5%753.6K-110.7M-334.8K1.477.34N/AN/A7,78811,480155,416136,428
2007-08-29$12.41$11.2541.4%11.9%65.7%58.0%42.3%2.3%1.1%970.1K-142.8M-311.9K0.6715.54N/AN/A18,90012,644157,608136,380
2007-08-30$12.21$11.2542.5%12.2%65.8%61.0%45.8%3.0%0.5%866.0K-129.8M-341.7K1.0011.23N/AN/A15,74015,772160,700142,604
2007-08-31$12.54$11.2539.8%11.4%62.5%53.9%43.6%5.8%2.3%1.1M-145.9M-325.8K0.8317.66N/AN/A10,0048,280164,428143,464