GME Options History — February 2009

In February 2009, GME traded between $6.22 and $7.08. ATM implied volatility averaged 71.7%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 20.9%. IV traded above realized volatility by 5.2% (HV 20d: 66.5%). Max pain ranged from $6.25 to $6.25. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 2.24.

Notable Days

  • 2009-02-23: Highest Volume — 66,544 contracts
  • 2009-02-09: Largest IV spike — 23.9% change
  • 2009-02-24: Highest IV Rank — 45.7%
  • 2009-02-10: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.65$6.22$7.08$6.37$6.73
Max Pain$6.25$6.25$6.25$6.25$6.25
ATM IV71.7%61.6%76.7%68.6%69.4%
Expected Move20.9%19.2%22.2%19.7%19.9%
HV 20d66.5%54.2%80.6%80.6%54.2%
HV 60d90.6%78.3%99.9%99.9%78.3%
IV Rank40.3%29.3%45.7%37.0%37.7%
IV Percentile70.5%61.9%76.6%68.7%63.9%
Term Structure1.4%-3.5%10.1%10.1%4.9%
VWIV72.5%66.0%81.9%67.3%69.6%
Skew 25d10.1%6.6%13.2%9.2%8.8%
Skew 10d23.0%15.7%39.6%25.4%17.4%
Call IV 25d66.4%61.6%71.3%64.2%62.8%
Put IV 25d76.4%71.4%81.7%73.4%71.6%
Bid-Ask Spread %11.537.4920.2612.2112.88
Gamma HHI0.270.180.420.180.25
Net GEX-53.5K-574.5K491.9K153.3K-506.7K
Net DEX-3.3M-20.0M17.9M-2.7M5.7M
Net VEX-234.9K-291.4K-187.6K-189.7K-291.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.240.277.050.583.81
Total Volume25,102.5264,80466,54418,18813,096
Total OI288,844.421198,332385,336198,332385,336

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$6.37$6.2568.6%19.7%80.6%37.0%67.3%9.2%10.1%153.3K-2.7M-189.7K0.5812.21N/AN/A11,5366,65298,40499,928
2009-02-03$6.41$6.2567.3%19.3%80.2%35.4%68.9%11.0%8.9%199.6K-3.6M-187.6K0.8112.83N/AN/A2,6482,156103,896101,208
2009-02-04$6.50$6.2573.4%21.0%80.0%42.1%68.3%8.9%5.3%231.6K-6.1M-189.7K0.279.24N/AN/A30,9728,472104,500102,028
2009-02-05$6.78$6.2574.1%21.2%79.2%42.9%72.8%11.0%4.5%373.7K-12.8M-204.6K1.1714.87N/AN/A14,86017,436117,164108,892
2009-02-06$7.00$6.2561.6%20.1%67.6%29.3%71.1%13.0%-3.5%468.0K-20.0M-225.0K1.3610.40N/AN/A7,1449,696127,216122,976
2009-02-09$6.86$6.2576.3%22.0%67.9%45.2%73.5%11.9%-2.6%491.9K-17.9M-214.1K1.458.57N/AN/A13,42419,424130,216113,676
2009-02-10$6.72$6.2573.4%22.2%67.5%42.1%78.9%13.2%-2.6%380.9K-13.3M-228.0K5.159.60N/AN/A2,48812,808137,624127,412
2009-02-11$6.63$6.2569.7%21.7%66.5%38.1%76.5%12.0%-1.7%198.2K-7.8M-225.5K5.459.00N/AN/A2,18411,904138,112134,872
2009-02-12$6.75$6.2575.0%21.5%63.5%43.9%70.7%12.6%-1.7%220.2K-10.0M-235.5K0.6111.20N/AN/A5,3163,236139,360145,140
2009-02-13$6.56$6.2570.0%20.1%64.6%38.5%69.6%10.5%1.4%33.0K-4.7M-226.9K4.289.40N/AN/A9,97642,668141,500145,584
2009-02-17$6.25$6.2575.1%21.5%66.2%43.9%77.2%10.8%0.6%-510.3K16.1M-239.5K2.5020.26N/AN/A3,9769,940144,096180,916
2009-02-18$6.22$6.2572.5%20.8%61.0%41.1%73.5%11.8%1.6%-560.2K17.9M-238.0K2.357.96N/AN/A6,77615,928145,352185,444
2009-02-19$6.66$6.2572.8%20.9%62.3%41.4%70.6%8.2%-0.3%-350.7K-6.4M-247.8K0.548.13N/AN/A21,36811,552146,896188,500
2009-02-20$6.67$6.2573.8%21.2%62.3%42.6%74.2%8.2%0.3%-305.3K-7.0M-253.2K0.867.49N/AN/A9,7248,388154,340191,804
2009-02-23$6.55$6.2576.2%21.9%59.2%45.2%81.9%7.3%0.4%-316.1K7.6M-252.5K7.0514.18N/AN/A8,26858,276119,012163,348
2009-02-24$6.84$6.2576.7%22.0%60.3%45.7%75.3%8.9%-2.3%-425.2K3.0M-269.6K0.548.51N/AN/A7,3123,928120,068219,388
2009-02-25$7.08$6.2567.1%19.2%61.3%35.3%72.4%6.6%-0.7%-216.9K-6.9M-269.4K3.2615.33N/AN/A6,64421,680122,732219,984
2009-02-26$6.75$6.2570.0%20.1%59.3%38.4%66.0%7.5%3.9%-574.5K5.5M-275.2K0.5716.89N/AN/A22,30012,792126,632234,488
2009-02-27$6.73$6.2569.4%19.9%54.2%37.7%69.6%8.8%4.9%-506.7K5.7M-291.4K3.8112.88N/AN/A2,72410,372141,644243,692