GME Options History — March 2012

In March 2012, GME traded between $5.46 and $6.17. ATM implied volatility averaged 34.5%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 3.3% (HV 20d: 31.2%). Max pain ranged from $6.00 to $6.25. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.93.

Notable Days

  • 2012-03-22: Highest Volume — 197,700 contracts
  • 2012-03-22: Largest IV drop — 28.9% change
  • 2012-03-20: Highest IV Rank — 48.6%
  • 2012-03-20: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.92$5.46$6.17$5.96$5.46
Max Pain$6.22$6.00$6.25$6.00$6.25
ATM IV34.5%28.0%45.0%30.4%29.8%
Expected Move10.3%8.0%12.9%8.7%8.5%
HV 20d31.2%25.5%36.0%33.8%34.6%
HV 60d31.1%28.8%33.6%31.7%33.6%
IV Rank24.4%9.5%48.6%15.0%13.5%
IV Percentile35.0%2.8%85.3%13.5%9.5%
Term Structure-0.2%-6.6%5.6%4.3%3.4%
VWIV36.8%28.6%45.6%30.9%30.6%
Skew 25d0.0%-3.2%2.2%0.2%1.1%
Skew 10d1.2%-5.3%14.2%14.2%1.6%
Call IV 25d37.0%29.3%47.5%31.2%30.2%
Put IV 25d37.0%29.6%46.1%31.4%31.3%
Bid-Ask Spread %14.208.8924.3314.0421.87
Gamma HHI0.140.120.200.120.20
Net GEX117.2K-1.4M857.2K207.5K-1.4M
Net DEX28.0M34.3K81.3M23.9M81.3M
Net VEX-356.4K-457.0K-285.6K-286.1K-356.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.072.670.611.19
Total Volume45,889.4551,568197,7004,77644,476
Total OI464,588.182325,012643,716325,012641,992

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-03-01$5.96$6.0030.4%8.7%33.8%15.0%30.9%0.2%4.3%207.5K23.9M-286.1K0.6114.04N/AN/A2,9641,812153,116171,896
2012-03-02$5.97$6.0030.6%8.8%33.7%15.6%30.9%-0.0%4.0%212.9K23.3M-285.6K0.309.23N/AN/A2,880872154,096172,492
2012-03-05$6.04$6.2532.8%10.4%33.6%20.5%36.6%1.3%-2.0%352.0K16.8M-294.8K0.289.01N/AN/A63,54817,640154,072172,836
2012-03-06$5.95$6.2533.7%10.7%33.9%22.6%38.2%0.6%-1.8%470.9K19.4M-306.4K0.079.01N/AN/A11,636824174,880183,348
2012-03-07$5.97$6.2531.6%10.5%33.6%17.8%37.0%0.6%-1.4%608.1K18.1M-308.1K0.298.89N/AN/A1,216352179,212183,336
2012-03-08$6.05$6.2531.6%10.4%31.9%17.9%37.3%0.5%-0.6%857.2K12.2M-313.4K0.499.02N/AN/A7,1283,468180,104183,352
2012-03-09$5.97$6.2530.4%10.5%31.6%15.1%37.6%0.1%-1.0%752.8K16.3M-309.1K1.9512.16N/AN/A12,18823,804184,084185,236
2012-03-12$5.94$6.2536.8%10.8%25.5%29.8%38.0%-0.1%-1.8%480.1K21.7M-311.5K1.3110.15N/AN/A11,50015,100190,844203,484
2012-03-13$5.95$6.2538.6%11.4%25.5%33.9%40.8%0.9%-3.7%150.4K23.7M-322.1K1.9019.17N/AN/A11,02020,908198,092212,972
2012-03-14$5.88$6.2534.9%11.8%26.0%25.3%43.1%-2.4%-3.1%-305.9K30.6M-327.4K0.7112.29N/AN/A20,35214,424203,088219,952
2012-03-15$5.95$6.2544.9%12.9%26.1%48.3%45.6%-1.4%-6.4%-309.0K23.5M-353.7K2.6720.06N/AN/A14,32038,296218,680229,124
2012-03-16$5.89$6.2544.4%12.7%26.3%47.3%44.7%-3.2%-6.6%-503.7K37.5M-358.1K2.1812.81N/AN/A9,52420,732217,808248,344
2012-03-19$5.99$6.2544.1%12.7%26.8%46.7%45.1%-0.7%-3.2%-126.8K20.6M-358.3K0.5714.07N/AN/A46,05226,372179,116211,536
2012-03-20$6.00$6.2545.0%12.9%26.8%48.6%45.3%0.8%-4.2%290.5K14.0M-388.9K0.8916.03N/AN/A36,94432,820217,512231,596
2012-03-21$6.17$6.0041.9%12.0%27.6%41.6%42.6%2.2%-3.0%618.7K34.3K-426.4K0.8923.88N/AN/A57,94051,724238,676252,824
2012-03-22$5.79$6.2529.8%8.6%36.0%13.7%30.9%-0.1%3.5%-336.9K43.4M-396.4K0.7515.96N/AN/A112,76484,936283,068286,872
2012-03-23$5.91$6.2531.2%8.9%35.5%16.8%34.4%-1.2%3.1%606.8K27.1M-457.0K0.419.04N/AN/A36,08814,900311,372302,632
2012-03-26$5.95$6.2530.0%8.6%35.4%14.0%31.0%-0.6%3.4%426.1K27.4M-447.2K0.5112.17N/AN/A11,4165,832308,800297,492
2012-03-27$5.94$6.2528.0%8.0%35.1%9.5%29.1%0.2%4.2%377.3K28.7M-432.8K0.7612.04N/AN/A11,3528,600316,204298,976
2012-03-28$5.87$6.2528.4%8.2%34.2%10.5%28.6%0.1%5.6%-52.8K39.5M-419.6K1.1517.18N/AN/A9,76811,212318,412305,696
2012-03-29$5.65$6.2529.6%8.5%32.9%13.2%31.9%1.6%4.3%-835.7K65.9M-382.6K0.5124.33N/AN/A52,76827,096332,240311,476
2012-03-30$5.46$6.2529.8%8.5%34.6%13.5%30.6%1.1%3.4%-1.4M81.3M-356.1K1.1921.87N/AN/A20,31224,164327,708314,284