GME Options History — December 2009

In December 2009, GME traded between $5.21 and $5.96. ATM implied volatility averaged 40.2%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded below realized volatility by 3.6% (HV 20d: 43.9%). Max pain ranged from $5.63 to $6.25. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.56.

Notable Days

  • 2009-12-02: Highest Volume — 111,476 contracts
  • 2009-12-02: Largest IV spike — 11.4% change
  • 2009-12-10: Highest IV Rank — 19.3%
  • 2009-12-08: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.51$5.21$5.96$5.96$5.49
Max Pain$5.70$5.63$6.25$6.25$5.63
ATM IV40.2%34.7%45.2%37.6%35.2%
Expected Move11.6%9.9%13.2%10.8%10.1%
HV 20d43.9%26.1%48.1%36.7%26.1%
HV 60d40.4%37.2%41.2%37.2%39.7%
IV Rank10.9%1.9%19.3%6.1%2.8%
IV Percentile8.8%0.4%25.0%1.6%1.2%
Term Structure2.1%-1.2%5.4%2.1%3.4%
VWIV41.0%35.1%45.9%38.6%37.2%
Skew 25d2.9%1.3%5.2%2.4%1.8%
Skew 10d4.8%-1.9%8.0%1.6%-1.9%
Call IV 25d40.0%34.2%44.8%37.7%36.6%
Put IV 25d42.9%37.8%48.1%40.1%38.4%
Bid-Ask Spread %7.575.1210.828.245.85
Gamma HHI0.330.180.870.240.46
Net GEX628.7K-13.1M2.6M1.3M2.5M
Net DEX3.9M-18.5M37.1M-18.5M-3.5M
Net VEX-250.9K-292.5K-220.2K-292.5K-225.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.111.590.320.20
Total Volume21,865.4553,400111,47618,08011,652
Total OI526,640.545457,564601,648472,080491,872

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-12-01$5.96$6.2537.6%10.8%36.7%6.1%38.6%2.4%2.1%1.3M-18.5M-292.5K0.328.24N/AN/A13,7364,344308,296163,784
2009-12-02$5.47$6.2541.9%12.0%47.7%13.2%43.0%3.6%2.8%517.4K17.9M-246.0K0.569.07N/AN/A71,40040,076312,144165,048
2009-12-03$5.34$6.0045.1%12.9%48.1%18.6%43.4%5.2%-1.2%596.0K23.6M-254.3K1.017.32N/AN/A12,99213,128345,736182,404
2009-12-04$5.33$5.6342.4%12.8%47.3%14.2%44.1%3.5%2.6%444.5K27.5M-247.9K0.767.83N/AN/A15,64811,908346,184187,620
2009-12-07$5.48$5.6341.9%12.6%48.1%13.4%44.1%3.5%1.4%635.9K15.7M-267.4K0.437.74N/AN/A8,5403,656354,012193,376
2009-12-08$5.34$5.6345.0%13.2%46.1%18.4%45.8%2.9%1.1%524.1K26.1M-247.2K0.649.19N/AN/A12,3967,964356,632193,624
2009-12-09$5.21$5.6344.9%12.9%46.5%18.2%45.2%2.2%1.2%449.5K37.1M-222.5K0.415.60N/AN/A15,5606,356362,544194,700
2009-12-10$5.29$5.6345.2%13.0%46.7%19.3%45.9%3.5%1.8%551.6K30.5M-235.0K0.116.50N/AN/A36,7844,164370,148195,368
2009-12-11$5.43$5.6345.0%12.9%47.9%19.0%43.8%3.3%0.1%901.8K12.2M-284.1K0.318.29N/AN/A24,5687,736397,732197,704
2009-12-14$5.57$5.6342.7%12.2%47.5%15.2%43.9%1.9%2.7%1.0M-4.4M-284.5K0.3410.82N/AN/A10,7523,672403,548198,100
2009-12-15$5.58$5.6342.9%12.3%46.0%15.5%43.9%2.5%2.6%818.8K-2.8M-277.2K1.168.76N/AN/A5,9886,916399,404196,688
2009-12-16$5.61$5.6341.6%11.9%45.9%13.4%42.4%2.0%3.3%505.2K-6.6M-278.6K0.908.46N/AN/A5,1684,676399,468199,380
2009-12-17$5.66$5.6341.5%11.9%46.0%13.3%42.2%3.4%2.7%-46.5K-13.8M-276.0K0.559.70N/AN/A12,6886,936399,672198,028
2009-12-18$5.62$5.6340.0%11.5%45.4%10.8%41.2%2.4%5.4%-13.1M-5.7M-268.1K0.538.07N/AN/A16,9048,976402,760196,540
2009-12-21$5.66$5.6337.4%10.7%42.6%6.4%37.1%4.5%0.5%2.3M-17.6M-250.9K0.175.12N/AN/A11,5161,976323,300137,192
2009-12-22$5.55$5.6335.5%10.2%42.5%3.3%37.4%3.4%3.0%2.2M-7.7M-234.7K0.889.61N/AN/A5,8165,092320,388137,176
2009-12-23$5.50$5.6334.7%9.9%42.4%1.9%35.1%3.6%3.3%2.1M-2.5M-227.9K0.326.17N/AN/A6,0281,900322,216140,144
2009-12-24$5.50$5.6335.4%10.1%41.9%3.1%36.8%2.8%1.4%2.2M-2.9M-229.0K1.595.18N/AN/A1,3122,088324,864141,124
2009-12-28$5.56$5.6337.0%10.6%42.3%5.8%37.0%3.0%2.2%2.4M-6.3M-220.7K0.156.50N/AN/A8,0921,200325,324142,380
2009-12-29$5.54$5.6335.9%10.3%40.8%4.0%36.9%1.6%2.6%2.4M-5.6M-220.2K0.446.03N/AN/A14,1606,224328,300142,724
2009-12-30$5.54$5.6336.2%10.4%40.2%4.5%36.1%1.3%2.2%2.6M-6.8M-230.2K0.476.42N/AN/A7,0603,292340,052148,392
2009-12-31$5.49$5.6335.2%10.1%26.1%2.8%37.2%1.8%3.4%2.5M-3.5M-225.8K0.205.85N/AN/A9,6841,968342,708149,164