GME Options History — August 2011

In August 2011, GME traded between $5.12 and $5.98. ATM implied volatility averaged 49.8%, placing in the 65.1% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 7.2% (HV 20d: 42.7%). Max pain ranged from $5.50 to $6.25. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.05.

Notable Days

  • 2011-08-18: Highest Volume — 134,532 contracts
  • 2011-08-08: Largest IV spike — 35.6% change
  • 2011-08-08: Highest IV Rank — 100.0%
  • 2011-08-19: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.51$5.12$5.98$5.78$5.98
Max Pain$5.91$5.50$6.25$6.25$5.50
ATM IV49.8%40.6%67.3%42.1%40.6%
Expected Move13.8%11.7%17.6%12.1%11.7%
HV 20d42.7%23.0%55.8%24.8%55.8%
HV 60d32.3%24.3%37.9%24.4%37.9%
IV Rank65.1%38.6%100.0%62.5%38.6%
IV Percentile94.7%78.6%100.0%90.9%78.6%
Term Structure-3.1%-8.6%1.2%-3.5%1.2%
VWIV48.4%41.9%62.7%43.3%42.4%
Skew 25d6.6%3.4%9.7%4.4%5.9%
Skew 10d12.6%5.4%18.7%7.1%11.9%
Call IV 25d45.8%38.9%59.5%40.6%38.9%
Put IV 25d52.4%44.7%68.6%44.9%44.7%
Bid-Ask Spread %9.546.8113.387.438.49
Gamma HHI0.180.140.210.210.17
Net GEX603.1K152.1K1.3M670.7K1.3M
Net DEX2.1M-29.0M20.9M995.6K-29.0M
Net VEX-285.4K-361.6K-222.4K-318.6K-361.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.083.960.910.23
Total Volume24,175.3042,448134,5326,7848,056
Total OI369,142.783333,972507,004333,972397,244

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-08-01$5.78$6.2542.1%12.1%24.8%62.5%43.3%4.4%-3.5%670.7K995.6K-318.6K0.917.43N/AN/A3,5523,232226,416107,556
2011-08-02$5.73$6.2542.7%12.2%23.0%64.6%42.5%3.9%-4.0%651.0K2.8M-315.2K1.167.93N/AN/A1,1321,316228,484107,412
2011-08-03$5.71$6.2542.7%12.2%23.0%64.6%42.8%3.4%-4.0%636.3K3.6M-305.9K3.967.20N/AN/A2,80811,132228,336107,668
2011-08-04$5.47$6.2550.4%14.4%26.0%91.0%50.2%4.2%-6.2%480.1K9.7M-281.7K1.568.68N/AN/A3,0924,816228,992106,468
2011-08-05$5.53$6.2549.6%12.8%27.1%88.4%45.0%4.7%-1.6%543.7K6.6M-289.3K1.586.81N/AN/A2,8004,428230,476106,664
2011-08-08$5.14$6.2567.3%15.3%34.4%100.0%52.8%6.7%-4.0%343.4K15.6M-249.9K3.019.21N/AN/A2,8568,596231,748107,412
2011-08-09$5.34$6.2558.5%14.1%36.4%79.7%48.9%7.0%-4.4%358.2K14.5M-257.5K1.189.26N/AN/A6,0807,204232,432109,684
2011-08-10$5.13$6.2565.3%14.6%37.7%95.5%50.9%6.6%-4.4%299.7K18.9M-237.6K1.609.11N/AN/A2,8604,580236,048112,892
2011-08-11$5.36$6.2548.5%13.9%41.6%56.6%49.0%7.2%-3.3%355.9K13.8M-260.6K0.628.48N/AN/A4,9683,072235,904113,772
2011-08-12$5.18$6.2545.8%13.1%42.9%50.4%45.6%6.9%-2.5%238.5K19.9M-224.5K0.298.94N/AN/A4,8041,408239,200114,988
2011-08-15$5.24$6.2543.0%12.3%43.3%44.1%42.7%7.0%-2.2%251.7K19.4M-222.4K2.6710.24N/AN/A5,72415,264242,348115,156
2011-08-16$5.35$6.2546.0%13.2%43.9%50.9%46.7%6.6%-4.3%152.1K16.7M-244.3K0.729.63N/AN/A31,69622,748244,020128,572
2011-08-17$5.12$6.0053.1%15.2%45.9%67.3%51.1%6.1%-7.7%241.7K20.9M-226.4K0.6812.16N/AN/A57,19639,008268,616142,304
2011-08-18$5.36$5.5057.2%16.4%49.5%76.7%62.7%9.7%-8.6%1.2M-1.6M-270.9K1.2411.33N/AN/A59,96074,572310,908171,952
2011-08-19$5.39$5.5061.5%17.6%49.5%86.7%61.7%9.1%-6.6%1.1M-13.2M-307.2K0.459.24N/AN/A31,31214,148312,300194,704
2011-08-22$5.40$5.5055.5%15.9%49.4%72.8%55.3%8.7%-4.0%395.3K608.0K-292.5K0.568.22N/AN/A8,6924,824225,060132,692
2011-08-23$5.64$5.5048.9%14.0%52.2%57.6%50.6%8.3%-1.4%622.1K-8.2M-316.9K0.4313.38N/AN/A5,5042,352227,484134,364
2011-08-24$5.84$5.5046.4%13.3%53.6%51.8%46.8%7.9%-0.0%813.9K-16.7M-334.4K0.3210.30N/AN/A9,9483,144227,676134,944
2011-08-25$5.63$5.5050.2%14.4%55.2%60.6%49.1%7.7%-2.0%594.4K-7.3M-311.7K0.3011.06N/AN/A10,0362,980225,256135,604
2011-08-26$5.70$5.5045.7%13.1%55.4%50.3%48.2%7.3%-0.4%744.1K-10.1M-307.2K0.5411.33N/AN/A3,1881,708227,584135,540
2011-08-29$5.78$5.5043.4%12.4%55.2%45.0%43.6%7.6%0.8%813.3K-11.0M-301.2K0.0810.50N/AN/A30,0762,264225,628135,512
2011-08-30$5.84$5.5041.6%11.9%55.3%40.7%41.9%5.6%0.9%1.1M-19.1M-326.2K0.1710.51N/AN/A23,0403,856246,864135,400
2011-08-31$5.98$5.5040.6%11.7%55.8%38.6%42.4%5.9%1.2%1.3M-29.0M-361.6K0.238.49N/AN/A6,5561,500260,576136,668