GME Options History — March 2010

In March 2010, GME traded between $4.37 and $5.55. ATM implied volatility averaged 44.1%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 5.1% (HV 20d: 39.0%). Max pain ranged from $4.75 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.77.

Notable Days

  • 2010-03-11: Highest Volume — 414,732 contracts
  • 2010-03-18: Largest IV drop — 23.6% change
  • 2010-03-10: Highest IV Rank — 66.2%
  • 2010-03-11: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.98$4.37$5.55$4.37$5.48
Max Pain$4.77$4.75$5.00$5.00$4.75
ATM IV44.1%31.6%64.0%47.0%31.6%
Expected Move12.0%9.1%14.6%13.5%9.1%
HV 20d39.0%34.3%47.0%36.5%35.0%
HV 60d46.0%44.0%47.8%47.4%47.0%
IV Rank26.3%5.6%66.2%27.2%5.6%
IV Percentile41.8%1.2%92.9%54.8%1.2%
Term Structure-1.8%-9.1%6.0%-6.7%6.0%
VWIV42.6%32.4%51.6%46.5%35.7%
Skew 25d2.2%0.2%4.2%2.3%2.6%
Skew 10d4.9%-0.4%11.1%5.5%11.0%
Call IV 25d41.6%32.6%50.7%45.6%32.6%
Put IV 25d43.8%35.2%53.3%47.9%35.2%
Bid-Ask Spread %11.907.3216.679.887.44
Gamma HHI0.180.120.300.120.19
Net GEX3.0M140.7K5.9M140.7K5.1M
Net DEX-94.1M-204.3M31.8M31.8M-183.0M
Net VEX-706.2K-836.5K-456.7K-456.7K-740.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.201.851.051.02
Total Volume81,539.82610,480414,73253,50411,184
Total OI1,025,784.348720,3441,268,884720,3441,068,548

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$4.37$5.0047.0%13.5%36.5%27.2%46.5%2.3%-6.7%140.7K31.8M-456.7K1.059.88N/AN/A26,06827,436431,144289,200
2010-03-02$4.37$4.7546.3%13.3%36.2%26.1%45.6%3.3%-6.5%154.9K30.2M-475.2K0.309.62N/AN/A9,2842,800448,176308,672
2010-03-03$4.46$4.7546.8%13.4%36.7%26.9%48.1%1.6%-6.0%423.5K18.0M-503.1K0.4013.53N/AN/A74,24829,856451,028307,664
2010-03-04$4.45$4.7549.0%14.0%35.9%30.2%49.8%3.9%-7.3%656.5K16.1M-551.3K1.8511.71N/AN/A8,68016,088497,392325,036
2010-03-05$4.52$5.0048.7%11.5%36.5%29.9%39.3%3.6%0.3%701.9K8.1M-573.8K0.2014.79N/AN/A61,27612,088498,952334,180
2010-03-08$4.62$4.7550.7%12.0%37.6%32.9%41.7%3.0%-2.1%1.0M-7.3M-586.4K1.0513.33N/AN/A33,35635,080498,232339,076
2010-03-09$4.51$4.7562.0%13.1%37.6%50.4%45.2%2.6%-4.4%642.3K7.4M-575.3K0.4910.30N/AN/A175,43286,572513,676353,472
2010-03-10$4.57$4.7564.0%13.0%34.7%66.2%46.3%2.3%-5.5%1.4M-12.8M-717.5K1.1113.36N/AN/A23,66426,248651,528410,160
2010-03-11$4.84$4.7551.1%14.6%39.9%41.4%51.5%1.9%-9.1%2.3M-70.7M-796.5K0.6516.67N/AN/A250,956163,776670,648427,792
2010-03-12$4.80$4.7548.5%13.9%39.8%36.4%49.2%0.5%-5.3%2.5M-67.6M-836.5K0.7515.06N/AN/A42,43231,804730,440458,032
2010-03-15$4.85$4.7549.5%14.2%39.8%38.3%50.4%1.6%-7.3%2.8M-79.1M-825.5K0.7811.84N/AN/A29,58023,200737,832464,036
2010-03-16$4.85$4.7549.0%14.1%39.6%37.5%49.8%2.2%-7.0%3.0M-80.6M-816.9K1.0715.68N/AN/A14,60415,556747,200464,700
2010-03-17$4.96$4.7550.1%14.4%40.1%40.6%51.6%2.9%-8.2%3.4M-108.8M-825.9K1.4713.79N/AN/A68,892101,088749,608462,228
2010-03-18$5.29$4.7538.3%11.0%45.7%17.8%38.7%0.4%0.4%5.6M-204.3M-798.8K0.4615.95N/AN/A134,18062,176767,336494,736
2010-03-19$5.28$4.7537.4%10.7%45.7%16.0%39.3%2.5%1.6%5.9M-196.3M-799.6K1.0311.39N/AN/A30,51631,468766,544502,340
2010-03-22$5.40$4.7536.0%10.3%45.7%13.1%36.3%1.6%2.8%4.4M-168.8M-759.3K0.378.13N/AN/A58,79622,000648,744382,908
2010-03-23$5.55$4.7535.6%10.2%45.8%12.4%36.5%1.0%3.6%5.0M-200.0M-765.8K0.459.32N/AN/A30,87213,844676,600381,100
2010-03-24$5.43$4.7536.0%10.3%47.0%13.1%37.1%0.9%2.9%4.8M-176.9M-791.3K1.307.32N/AN/A7,84410,228685,480385,516
2010-03-25$5.45$4.7535.1%10.1%35.9%12.0%32.4%0.2%4.4%4.9M-178.8M-779.6K0.209.80N/AN/A23,1564,708687,484382,512
2010-03-26$5.50$4.7533.0%9.5%34.3%8.7%36.2%2.1%4.4%5.0M-186.3M-761.8K0.8610.44N/AN/A9,2607,928682,560381,776
2010-03-29$5.44$4.7534.2%9.8%35.2%11.5%36.1%2.4%4.6%5.0M-177.4M-752.8K0.4612.03N/AN/A11,4725,240685,400377,900
2010-03-30$5.46$4.7533.9%9.7%35.1%10.8%35.3%4.2%4.3%5.0M-178.0M-753.1K0.4812.23N/AN/A7,1043,376687,184378,268
2010-03-31$5.48$4.7531.6%9.1%35.0%5.6%35.7%2.6%6.0%5.1M-183.0M-740.3K1.027.44N/AN/A5,5365,648690,032378,516