GME Options History — September 2009

In September 2009, GME traded between $5.83 and $6.70. ATM implied volatility averaged 43.1%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 6.0% (HV 20d: 37.2%). Max pain ranged from $6.00 to $6.25. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2009-09-18: Highest Volume — 158,036 contracts
  • 2009-09-03: Largest IV drop — 5.9% change
  • 2009-09-02: Highest IV Rank — 6.7%
  • 2009-09-02: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.37$5.83$6.70$5.83$6.62
Max Pain$6.21$6.00$6.25$6.00$6.25
ATM IV43.1%41.1%46.4%45.8%41.1%
Expected Move12.5%11.8%13.3%13.1%11.8%
HV 20d37.2%27.3%47.2%46.9%27.9%
HV 60d42.2%40.1%43.0%42.8%40.1%
IV Rank2.9%0.5%6.7%5.9%0.5%
IV Percentile4.8%0.4%13.9%11.1%0.4%
Term Structure3.6%-0.3%6.9%-0.3%6.9%
VWIV44.1%41.2%47.9%42.0%41.2%
Skew 25d4.4%2.5%6.4%4.2%2.7%
Skew 10d8.6%3.5%13.5%13.5%6.0%
Call IV 25d41.6%39.8%43.3%41.8%39.8%
Put IV 25d46.0%42.5%49.5%46.0%42.5%
Bid-Ask Spread %12.799.9216.3610.9011.57
Gamma HHI0.220.090.540.110.27
Net GEX2.0M-364.8K5.3M-364.8K2.9M
Net DEX-54.9M-117.0M183.1K183.1K-71.3M
Net VEX-358.9K-391.6K-317.7K-383.2K-337.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.092.620.202.46
Total Volume31,528.9525,232158,03617,40412,524
Total OI533,903.619478,568597,928510,576516,548

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-09-01$5.83$6.0045.8%13.1%46.9%5.9%42.0%4.2%-0.3%-364.8K183.1K-383.2K0.2010.90N/AN/A14,4602,944267,904242,672
2009-09-02$5.87$6.0046.4%13.3%46.9%6.7%45.4%6.2%0.0%-174.0K-4.4M-389.0K0.1612.30N/AN/A16,8162,672277,064243,044
2009-09-03$5.99$6.0043.6%12.5%47.2%3.5%45.3%4.7%2.2%224.6K-17.0M-391.6K1.8512.31N/AN/A5,0969,412285,812243,552
2009-09-04$6.01$6.2542.4%12.9%46.2%2.0%44.9%6.4%3.3%111.7K-17.4M-389.6K1.0211.95N/AN/A2,5962,636286,076251,212
2009-09-08$6.23$6.2541.1%12.5%45.7%0.6%46.8%5.1%3.7%711.5K-41.7M-372.6K1.3515.02N/AN/A28,01237,836286,492250,504
2009-09-09$6.26$6.2541.5%12.6%45.1%1.0%47.8%5.2%4.1%1.4M-48.0M-375.8K1.8015.01N/AN/A14,92426,864306,520249,056
2009-09-10$6.25$6.2543.3%12.4%42.9%3.1%43.1%5.2%4.0%1.6M-47.0M-357.1K0.4515.88N/AN/A8,5763,820305,484242,600
2009-09-11$6.17$6.2542.8%12.3%41.8%2.5%43.9%5.0%3.7%1.4M-38.9M-354.0K1.4416.02N/AN/A3,0044,340308,148243,256
2009-09-14$6.40$6.2543.3%12.4%44.0%3.1%43.1%4.6%3.3%2.3M-67.0M-338.8K0.0915.33N/AN/A109,44410,344308,560243,992
2009-09-15$6.33$6.2545.2%13.0%39.9%5.3%45.8%4.7%1.8%3.2M-62.7M-342.2K0.3510.34N/AN/A8,0242,776339,424244,976
2009-09-16$6.46$6.2543.5%12.5%39.4%3.3%45.1%4.3%3.1%3.6M-75.4M-337.4K0.2016.36N/AN/A37,9167,468332,564245,468
2009-09-17$6.45$6.2542.5%12.2%38.5%2.2%47.9%5.7%4.1%5.3M-84.2M-335.2K0.6213.22N/AN/A11,4167,060351,892246,036
2009-09-18$6.70$6.2544.5%12.8%29.1%4.4%44.8%4.5%1.9%4.2M-117.0M-317.7K0.2210.73N/AN/A129,04028,996345,636244,148
2009-09-21$6.57$6.2544.3%12.7%29.8%4.3%44.2%4.3%4.2%1.9M-62.3M-362.1K0.6910.30N/AN/A20,56814,232297,728180,840
2009-09-22$6.56$6.2542.9%12.3%27.6%2.6%42.9%3.6%4.8%2.1M-63.0M-371.7K0.3412.25N/AN/A6,0602,044309,260189,540
2009-09-23$6.67$6.2542.5%12.2%27.3%2.2%42.5%3.6%4.4%2.3M-73.4M-366.0K0.7212.24N/AN/A12,9049,288310,668189,692
2009-09-24$6.56$6.2542.9%12.3%28.7%2.6%43.7%2.5%5.2%2.3M-64.2M-363.5K2.6210.23N/AN/A3,4889,136314,516187,160
2009-09-25$6.51$6.2541.2%11.8%28.7%0.6%42.0%4.3%6.6%2.2M-58.0M-361.3K0.3412.48N/AN/A4,8281,620315,228191,580
2009-09-28$6.55$6.2543.0%12.3%28.3%2.7%42.6%3.5%5.0%2.4M-62.1M-348.5K1.2514.28N/AN/A4,6165,752317,724192,052
2009-09-29$6.70$6.2541.8%12.0%28.8%1.3%41.5%2.5%4.5%2.7M-77.5M-341.5K0.329.92N/AN/A14,0204,536315,684191,664
2009-09-30$6.62$6.2541.1%11.8%27.9%0.5%41.2%2.7%6.9%2.9M-71.3M-337.5K2.4611.57N/AN/A3,6208,904324,776191,772