GME Options History — July 2008

In July 2008, GME traded between $9.70 and $11.31. ATM implied volatility averaged 51.8%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 0.8% (HV 20d: 51.0%). Max pain ranged from $10.00 to $11.25. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.98.

Notable Days

  • 2008-07-11: Highest Volume — 42,864 contracts
  • 2008-07-07: Largest IV spike — 12.1% change
  • 2008-07-15: Highest IV Rank — 59.8%
  • 2008-07-15: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.33$9.70$11.31$10.19$10.13
Max Pain$10.23$10.00$11.25$11.25$10.00
ATM IV51.8%46.9%59.3%49.8%48.8%
Expected Move14.7%13.4%17.0%14.3%14.0%
HV 20d51.0%44.7%56.9%56.1%45.0%
HV 60d44.1%41.6%46.7%41.7%45.7%
IV Rank42.2%29.9%59.8%42.5%34.4%
IV Percentile78.8%59.5%96.0%76.2%65.5%
Term Structure2.0%-3.2%7.5%-0.6%7.5%
VWIV52.0%47.9%62.8%49.5%48.8%
Skew 25d5.1%-0.1%7.5%2.9%2.1%
Skew 10d10.0%-9.6%19.9%4.4%11.5%
Call IV 25d49.9%45.3%55.3%49.3%49.3%
Put IV 25d55.0%50.7%62.1%52.2%51.4%
Bid-Ask Spread %9.164.0518.524.059.99
Gamma HHI0.220.170.650.190.21
Net GEX-217.0K-2.6M325.5K-179.8K18.8K
Net DEX19.2M-28.3M46.8M36.2M14.3M
Net VEX-416.4K-473.0K-363.1K-410.8K-399.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.343.950.511.01
Total Volume13,352.9093,24442,86414,1005,632
Total OI288,800210,552367,612316,472233,400

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$10.19$11.2549.8%14.3%56.1%42.5%49.5%2.9%-0.6%-179.8K36.2M-410.8K0.514.05N/AN/A9,3684,732195,556120,916
2008-07-02$10.10$11.2549.9%14.3%55.9%40.9%50.3%3.1%0.4%-267.2K37.4M-410.4K0.346.17N/AN/A9,0523,080194,580122,180
2008-07-03$9.70$11.2549.9%14.3%56.9%37.1%52.7%-0.1%0.0%-313.9K46.8M-373.4K1.295.12N/AN/A3,0123,892194,364121,832
2008-07-07$9.84$11.2555.9%14.8%54.9%51.6%50.8%3.8%0.7%-351.6K44.2M-372.2K0.719.03N/AN/A5,2163,716195,796123,244
2008-07-08$10.18$10.0053.1%14.5%56.1%44.8%48.5%6.3%0.2%-337.0K36.4M-402.4K0.468.91N/AN/A6,8523,156196,872124,292
2008-07-09$9.85$10.0055.0%15.3%56.5%49.5%53.7%5.8%-0.7%-337.5K43.0M-372.9K0.799.11N/AN/A5,7964,576197,684123,000
2008-07-10$9.73$10.0053.5%15.3%54.3%45.8%53.5%5.5%-0.6%-373.8K46.2M-363.1K1.7110.01N/AN/A4,6087,876197,920123,360
2008-07-11$9.82$10.0056.2%16.1%54.3%52.3%57.3%4.7%-2.2%-404.8K44.2M-385.7K0.878.01N/AN/A22,92419,940197,764127,052
2008-07-14$10.07$10.0057.8%16.6%53.3%56.1%59.0%6.0%-2.8%-136.1K30.3M-418.8K3.089.34N/AN/A2,1926,748215,552139,200
2008-07-15$10.30$10.0059.3%17.0%45.8%59.8%62.8%6.7%-3.2%-170.5K24.4M-440.9K3.9518.52N/AN/A6,08424,052215,612144,308
2008-07-16$10.69$10.0053.6%15.4%48.0%45.9%54.7%7.2%-0.3%-312.0K12.3M-461.7K0.5614.47N/AN/A4,9602,788214,908152,704
2008-07-17$10.83$10.0050.7%14.5%48.4%39.1%53.9%6.8%1.3%-93.4K5.7M-452.7K0.4414.88N/AN/A26,44811,616215,992136,264
2008-07-18$11.31$10.0049.9%14.3%50.1%37.1%49.3%6.0%0.4%-2.6M-28.3M-473.0K0.4811.55N/AN/A11,3565,508220,440135,780
2008-07-21$10.76$10.0049.0%14.0%49.5%34.9%50.0%5.6%4.2%182.6K-1.1M-430.9K0.636.31N/AN/A7,2324,564113,79296,760
2008-07-22$10.86$10.0048.5%13.9%49.6%33.8%50.5%7.5%4.5%246.6K-3.9M-442.1K0.497.22N/AN/A3,8841,892117,78497,744
2008-07-23$11.06$10.0046.9%13.4%50.1%29.9%47.9%5.4%5.9%325.5K-8.8M-456.0K1.1210.80N/AN/A5,5006,184118,56898,392
2008-07-24$10.64$10.0048.3%13.8%51.4%33.3%49.7%5.1%5.8%160.1K1.1M-446.6K0.447.51N/AN/A2,248996120,444102,508
2008-07-25$10.38$10.0050.3%14.4%48.3%38.0%48.9%5.7%5.9%81.7K7.9M-422.8K1.009.21N/AN/A5,2605,256120,980102,232
2008-07-28$10.14$10.0052.5%15.0%48.7%43.3%51.9%5.4%5.8%-22.5K14.1M-401.0K0.406.97N/AN/A8,5683,408121,668103,988
2008-07-29$10.38$10.0050.8%14.6%44.7%39.4%49.5%6.0%6.3%79.6K9.1M-418.8K0.807.27N/AN/A2,1001,680123,624105,112
2008-07-30$10.26$10.0050.4%14.5%44.8%38.4%50.4%4.4%6.3%45.7K11.5M-404.0K0.407.08N/AN/A7,0082,804124,032105,400
2008-07-31$10.13$10.0048.8%14.0%45.0%34.4%48.8%2.1%7.5%18.8K14.3M-399.8K1.019.99N/AN/A2,8002,832126,920106,480