GME Options History — January 2009

In January 2009, GME traded between $5.65 and $7.04. ATM implied volatility averaged 71.3%, placing in the 39.8% IV rank vs the trailing year. The 30-day expected move averaged 20.1%. IV traded below realized volatility by 11.0% (HV 20d: 82.3%). Max pain ranged from $5.63 to $7.50. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.14.

Notable Days

  • 2009-01-08: Highest Volume — 32,628 contracts
  • 2009-01-29: Largest IV spike — 20.6% change
  • 2009-01-14: Highest IV Rank — 52.7%
  • 2009-01-14: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.21$5.65$7.04$5.80$6.20
Max Pain$6.19$5.63$7.50$7.50$6.25
ATM IV71.3%56.3%83.2%71.0%66.6%
Expected Move20.1%16.1%22.3%20.4%19.1%
HV 20d82.3%73.9%100.2%100.2%83.4%
HV 60d103.7%98.4%109.6%109.4%100.0%
IV Rank39.8%23.6%52.7%39.5%34.7%
IV Percentile72.9%60.3%81.3%75.4%67.5%
Term Structure6.2%0.2%11.4%0.2%9.2%
VWIV69.9%60.6%76.6%71.2%68.1%
Skew 25d13.1%9.3%22.4%14.1%9.3%
Skew 10d32.4%20.8%45.7%43.0%22.3%
Call IV 25d62.9%46.1%69.2%62.7%62.9%
Put IV 25d75.9%68.4%81.4%76.8%72.2%
Bid-Ask Spread %12.875.8918.115.8918.11
Gamma HHI0.200.140.380.190.17
Net GEX111.7K-35.1K349.0K-35.1K128.9K
Net DEX1.7M-14.2M13.6M13.5M-460.5K
Net VEX-168.3K-201.5K-128.0K-128.3K-190.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.173.550.870.73
Total Volume11,353.84,84432,6287,3645,224
Total OI239,445.4156,608309,908263,200197,348

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-01-02$5.80$7.5071.0%20.4%100.2%39.5%71.2%14.1%0.2%-35.1K13.5M-128.3K0.875.89N/AN/A3,9283,436163,51299,688
2009-01-05$5.96$5.6373.2%19.7%98.1%41.9%69.6%14.1%5.1%-5.3K10.9M-134.7K0.7310.05N/AN/A3,0362,204165,496101,132
2009-01-06$5.88$5.6376.9%20.8%96.9%45.9%71.4%15.0%3.3%-9.8K12.0M-132.7K0.6010.24N/AN/A3,0801,852166,652101,600
2009-01-07$5.65$5.6380.4%20.6%78.3%49.6%70.7%13.4%5.3%-31.5K13.6M-128.0K1.479.98N/AN/A8,17612,000167,508101,484
2009-01-08$6.39$5.6368.9%19.3%86.3%37.2%69.8%12.1%5.5%152.1K95.6K-144.7K0.7518.02N/AN/A18,68413,944173,016102,856
2009-01-09$6.53$6.2566.5%20.3%85.7%34.6%69.0%13.7%3.4%191.0K-3.3M-156.1K0.5615.20N/AN/A14,1247,840177,872109,404
2009-01-12$6.37$6.2576.5%20.8%83.8%45.5%69.3%12.3%2.2%119.2K-282.0K-165.7K0.8018.09N/AN/A8,4566,796183,812113,012
2009-01-13$6.16$6.2571.5%20.5%82.7%40.1%71.2%10.8%4.5%72.1K4.5M-173.9K1.2317.17N/AN/A2,8603,520187,968117,956
2009-01-14$5.86$6.2583.2%22.3%83.3%52.7%74.8%12.6%3.5%26.2K9.2M-166.6K3.0811.46N/AN/A2,5247,772187,996117,504
2009-01-15$5.96$6.2571.9%20.6%73.9%40.4%76.6%13.6%5.2%16.6K9.5M-168.0K1.4212.20N/AN/A3,5925,092188,068120,844
2009-01-16$6.17$6.2569.0%19.8%75.2%37.3%67.3%12.5%5.2%349.0K6.4M-175.3K0.7211.55N/AN/A2,9202,088188,076121,832
2009-01-20$5.76$6.2576.9%22.1%76.9%45.9%74.0%12.2%6.4%-3.0K4.5M-161.0K0.2813.05N/AN/A11,0123,10476,76879,840
2009-01-21$6.11$6.2569.6%19.9%79.8%38.0%72.4%14.0%9.1%112.5K-673.6K-174.8K1.9414.95N/AN/A4,5448,83685,53681,432
2009-01-22$6.08$6.2571.2%20.4%76.6%39.7%71.0%11.9%8.7%95.2K-409.4K-181.0K1.039.60N/AN/A6,5126,72086,23687,464
2009-01-23$6.45$6.2570.0%20.1%77.2%38.5%70.4%10.8%9.5%154.2K-5.7M-194.2K0.7912.31N/AN/A6,9605,50889,06091,996
2009-01-26$6.64$6.2570.3%20.1%76.0%38.7%66.6%11.1%8.3%223.4K-9.2M-197.6K0.3517.22N/AN/A4,6721,63692,92495,224
2009-01-27$6.59$6.2567.4%19.3%76.0%35.6%67.6%13.5%9.4%222.6K-8.0M-195.0K3.5512.02N/AN/A1,7086,06892,75691,872
2009-01-28$7.04$6.2556.3%16.1%75.3%23.6%60.6%22.4%11.4%234.6K-14.2M-201.5K0.179.98N/AN/A10,1281,67692,82895,912
2009-01-29$6.58$6.2567.9%19.5%80.4%36.1%66.2%12.5%7.6%222.0K-8.0M-196.6K1.7810.32N/AN/A1,7403,10497,64496,780
2009-01-30$6.20$6.2566.6%19.1%83.4%34.7%68.1%9.3%9.2%128.9K-460.5K-190.6K0.7318.11N/AN/A3,0282,19698,45698,892