GME Options History — April 2008

In April 2008, GME traded between $13.42 and $14.26. ATM implied volatility averaged 43.4%, placing in the 42.1% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 4.7% (HV 20d: 48.0%). Max pain ranged from $11.25 to $13.75. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.74.

Notable Days

  • 2008-04-02: Highest Volume — 32,648 contracts
  • 2008-04-10: Largest IV spike — 13.7% change
  • 2008-04-14: Highest IV Rank — 48.5%
  • 2008-04-07: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.89$13.42$14.26$13.92$13.76
Max Pain$13.35$11.25$13.75$12.50$13.75
ATM IV43.4%39.4%47.0%43.4%40.1%
Expected Move12.7%11.5%13.6%12.5%11.5%
HV 20d48.0%23.2%63.3%63.2%23.4%
HV 60d50.7%47.8%54.2%54.2%47.8%
IV Rank42.1%34.9%48.5%42.7%36.2%
IV Percentile45.9%25.4%69.4%46.8%25.4%
Term Structure3.2%0.7%6.4%4.9%5.9%
VWIV44.3%38.7%48.6%46.3%38.7%
Skew 25d6.5%3.5%8.5%7.4%3.5%
Skew 10d11.9%6.2%16.4%10.8%6.2%
Call IV 25d41.3%38.1%44.4%40.6%39.3%
Put IV 25d47.8%42.8%51.7%48.1%42.8%
Bid-Ask Spread %15.036.9020.1517.846.90
Gamma HHI0.290.190.530.260.24
Net GEX-146.8K-2.4M1.3M1.3M872.0K
Net DEX-60.3M-92.7M-32.8M-74.9M-47.3M
Net VEX-612.3K-655.6K-570.2K-641.6K-596.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.149.641.901.35
Total Volume15,5624,78832,64831,8409,052
Total OI309,802.182207,348391,800310,224236,428

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$13.92$12.5043.4%12.5%63.2%42.7%46.3%7.4%4.9%1.3M-74.9M-641.6K1.9017.84N/AN/A10,98420,856165,300144,924
2008-04-02$13.92$12.5043.0%12.3%63.3%41.8%42.3%4.2%4.0%1.1M-75.2M-643.3K0.3116.92N/AN/A24,9567,692167,056155,044
2008-04-03$14.10$12.5044.4%12.7%62.6%44.3%47.0%7.5%2.5%1.2M-83.3M-652.0K9.6416.16N/AN/A2,82427,232171,316159,940
2008-04-04$14.11$11.2544.3%13.5%59.6%44.2%46.2%8.5%2.4%737.9K-81.4M-651.6K0.7615.66N/AN/A2,7242,064171,740174,536
2008-04-07$14.02$11.2541.9%13.6%59.1%39.4%47.2%8.0%0.7%475.3K-73.8M-642.1K5.0010.70N/AN/A4,56822,860171,908176,948
2008-04-08$13.84$13.7539.4%13.3%59.8%34.9%48.6%8.4%1.2%-813.4K-54.8M-655.6K0.6211.38N/AN/A3,6802,296172,360194,204
2008-04-09$13.42$13.7540.3%13.4%56.2%36.6%46.2%7.2%1.4%-1.5M-32.8M-648.6K0.5513.34N/AN/A13,4527,424173,852194,448
2008-04-10$13.80$13.7545.9%13.1%56.1%46.4%47.7%7.4%1.1%-705.9K-60.5M-631.8K5.6014.59N/AN/A4,72426,436178,896190,932
2008-04-11$13.63$13.7545.8%13.1%56.4%46.4%47.5%7.2%1.5%-2.3M-41.6M-629.6K1.0214.92N/AN/A3,1723,236176,236199,416
2008-04-14$13.72$13.7547.0%13.5%55.2%48.5%46.8%6.9%1.2%-2.3M-48.5M-613.8K0.9716.13N/AN/A2,6002,520176,724199,436
2008-04-15$13.96$13.7546.2%13.2%52.2%47.0%44.5%7.4%1.3%-2.4M-68.0M-605.0K0.6115.14N/AN/A4,7522,908177,200199,768
2008-04-16$14.16$13.7545.6%13.1%51.5%45.9%43.0%7.5%2.1%-1.7M-84.7M-598.6K1.9717.18N/AN/A4,8249,484178,208200,548
2008-04-17$14.26$13.7544.9%12.9%49.3%44.8%43.3%6.7%1.8%-1.1M-91.4M-590.9K1.2620.01N/AN/A4,3765,520180,320203,856
2008-04-18$14.16$13.7544.4%12.7%44.8%43.9%43.0%6.8%1.4%-292.3K-92.7M-580.7K0.6620.15N/AN/A15,1649,996180,388211,412
2008-04-21$13.89$13.7544.4%12.7%37.9%43.9%43.7%6.0%3.8%426.2K-42.3M-576.9K0.4313.84N/AN/A14,2526,104111,92095,436
2008-04-22$13.71$13.7544.6%12.8%38.3%44.3%44.8%6.6%3.6%363.1K-38.2M-570.2K0.2911.18N/AN/A8,3962,472111,91295,436
2008-04-23$13.80$13.7542.9%12.3%37.7%41.2%42.9%6.3%5.7%510.8K-43.4M-592.1K1.7311.20N/AN/A2,7644,792119,452100,088
2008-04-24$13.99$13.7541.7%12.0%37.5%39.1%41.3%5.5%6.3%653.2K-49.9M-594.5K0.6013.02N/AN/A3,2401,948120,912100,080
2008-04-25$14.04$13.7540.9%11.7%34.1%37.7%41.0%5.5%6.4%726.6K-52.5M-589.9K2.5716.04N/AN/A2,1525,528122,056100,644
2008-04-28$13.78$13.7542.1%12.1%35.0%39.8%41.7%3.5%4.9%665.1K-44.9M-579.7K0.1419.04N/AN/A14,5081,980122,868100,060
2008-04-29$13.66$13.7540.5%11.6%23.2%37.0%40.3%4.1%5.4%767.4K-43.7M-586.2K0.3919.36N/AN/A8,5563,296130,956100,484
2008-04-30$13.76$13.7540.1%11.5%23.4%36.2%38.7%3.5%5.9%872.0K-47.3M-596.1K1.356.90N/AN/A3,8525,200134,256102,172