GME Options History — March 2009

In March 2009, GME traded between $5.59 and $7.00. ATM implied volatility averaged 76.7%, placing in the 45.6% IV rank vs the trailing year. The 30-day expected move averaged 22.1%. IV traded below realized volatility by 0.4% (HV 20d: 77.1%). Max pain ranged from $6.25 to $6.25. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.46.

Notable Days

  • 2009-03-05: Highest Volume — 125,180 contracts
  • 2009-03-30: Largest IV spike — 24.8% change
  • 2009-03-09: Highest IV Rank — 64.3%
  • 2009-03-05: Largest Expected Move — 26.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.41$5.59$7.00$6.52$7.00
Max Pain$6.25$6.25$6.25$6.25$6.25
ATM IV76.7%56.4%94.0%76.0%57.6%
Expected Move22.1%16.2%26.0%21.8%16.5%
HV 20d77.1%49.9%84.1%50.7%83.4%
HV 60d75.1%71.6%83.7%78.5%71.7%
IV Rank45.6%23.7%64.3%44.9%25.0%
IV Percentile71.7%47.2%88.5%75.0%47.6%
Term Structure-4.2%-11.1%4.5%0.8%3.6%
VWIV76.4%61.8%90.8%75.6%62.5%
Skew 25d13.5%8.8%18.3%11.4%10.2%
Skew 10d27.1%13.9%40.7%17.1%20.2%
Call IV 25d69.7%56.8%82.3%68.8%58.0%
Put IV 25d83.2%68.0%97.5%80.2%68.2%
Bid-Ask Spread %9.455.6215.2610.0610.05
Gamma HHI0.290.180.730.250.29
Net GEX-894.2K-3.3M266.3K-753.3K266.3K
Net DEX13.3M-13.3M53.9M14.9M-13.3M
Net VEX-255.3K-284.4K-231.7K-280.5K-242.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.473.121.250.58
Total Volume33,496.1828,336125,18010,54040,060
Total OI391,592.182266,436472,072391,008306,772

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$6.52$6.2576.0%21.8%50.7%44.9%75.6%11.4%0.8%-753.3K14.9M-280.5K1.2510.06N/AN/A4,6765,864142,220248,788
2009-03-03$6.50$6.2574.7%21.4%49.9%43.5%73.0%8.8%0.9%-812.8K15.9M-274.2K0.6610.81N/AN/A5,0243,312141,900249,652
2009-03-04$6.83$6.2572.9%20.9%52.8%41.5%68.3%10.3%4.5%-442.6K3.1M-276.7K1.5915.26N/AN/A6,1049,708143,608250,300
2009-03-05$5.87$6.2590.7%26.0%75.9%60.8%86.9%18.3%-5.0%-1.3M43.8M-254.2K1.837.84N/AN/A44,22880,952144,808254,832
2009-03-06$5.59$6.2590.9%25.2%75.1%61.0%84.4%16.3%-8.9%-1.4M53.9M-259.1K2.2611.20N/AN/A17,38039,352155,464270,304
2009-03-09$5.72$6.2594.0%26.0%74.5%64.3%90.8%15.3%-11.1%-1.4M49.1M-262.9K0.969.73N/AN/A13,98813,412166,372278,712
2009-03-10$6.30$6.2576.0%23.6%83.3%45.0%79.9%15.7%-6.7%-1.1M18.1M-280.5K0.8911.24N/AN/A22,84820,280172,308278,780
2009-03-11$6.32$6.2574.3%23.5%83.1%43.0%81.3%16.1%-7.3%-1.2M16.2M-284.4K3.097.51N/AN/A5,60017,280179,912285,436
2009-03-12$6.35$6.2580.5%23.1%83.1%49.8%82.1%16.2%-7.6%-1.2M14.6M-275.0K2.898.61N/AN/A3,50410,124177,564279,340
2009-03-13$6.42$6.2580.2%23.0%82.8%49.5%80.5%14.5%-7.1%-989.4K8.8M-272.6K1.708.22N/AN/A8,35614,164178,416280,156
2009-03-16$6.10$6.2581.6%23.4%84.1%51.0%83.8%14.6%-8.0%-1.6M27.6M-251.8K2.278.74N/AN/A7,42416,840178,568279,196
2009-03-17$6.24$6.2580.3%23.0%82.9%49.5%87.0%15.7%-8.1%-1.4M18.0M-250.5K3.128.42N/AN/A2,6688,320181,896279,476
2009-03-18$6.21$6.2578.6%22.5%82.9%47.7%76.9%14.4%-7.1%-1.3M18.4M-241.4K1.1910.12N/AN/A32,60038,900181,264268,700
2009-03-19$6.36$6.2578.0%22.3%79.4%47.0%79.2%15.1%-7.4%-1.5M6.7M-245.6K1.269.80N/AN/A11,58814,656186,920285,152
2009-03-20$6.21$6.2575.0%21.5%79.7%43.8%74.3%13.7%-4.8%-3.3M14.8M-231.7K1.3010.02N/AN/A20,18426,164188,152268,772
2009-03-23$6.66$6.2575.9%21.8%83.5%44.8%72.3%13.2%-5.1%-101.8K73.5K-234.1K0.637.35N/AN/A10,2246,472124,060144,396
2009-03-24$6.76$6.2579.0%22.6%82.3%48.1%74.4%12.8%-6.6%-54.4K-4.1M-235.4K1.175.62N/AN/A23,16827,080122,928143,508
2009-03-25$6.71$6.2576.0%21.8%81.3%44.9%73.1%11.8%-5.1%-130.5K-755.7K-247.9K1.1111.08N/AN/A18,91220,932133,772160,960
2009-03-26$6.55$6.2567.7%19.4%80.0%35.9%65.1%11.1%-0.7%-139.5K2.9M-233.3K1.156.83N/AN/A14,72416,960140,368157,888
2009-03-27$6.96$6.2556.4%16.2%82.9%23.7%61.8%11.2%3.9%203.0K-11.4M-242.4K0.4711.26N/AN/A11,1645,204143,696156,172
2009-03-30$6.77$6.2570.4%20.2%82.7%38.8%67.2%10.2%0.1%88.3K-5.5M-239.9K0.788.03N/AN/A9,2847,232146,780156,760
2009-03-31$7.00$6.2557.6%16.5%83.4%25.0%62.5%10.2%3.6%266.3K-13.3M-242.9K0.5810.05N/AN/A25,32814,732148,400158,372