GME Options History — April 2012

In April 2012, GME traded between $5.31 and $5.69. ATM implied volatility averaged 35.1%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 2.1% (HV 20d: 32.9%). Max pain ranged from $5.50 to $6.25. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.23.

Notable Days

  • 2012-04-17: Highest Volume — 86,544 contracts
  • 2012-04-09: Largest IV spike — 13.8% change
  • 2012-04-16: Highest IV Rank — 37.1%
  • 2012-04-16: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.52$5.31$5.69$5.62$5.69
Max Pain$5.65$5.50$6.25$6.25$5.50
ATM IV35.1%29.8%40.0%30.2%37.0%
Expected Move10.2%8.6%11.5%8.7%10.6%
HV 20d32.9%20.8%37.8%36.1%20.8%
HV 60d31.2%30.2%32.8%32.7%30.2%
IV Rank25.8%13.7%37.1%14.6%30.2%
IV Percentile39.7%10.3%61.1%12.7%52.4%
Term Structure-0.6%-2.9%4.4%3.8%-2.9%
VWIV36.4%29.1%41.5%31.9%38.4%
Skew 25d0.6%-1.3%2.8%1.0%0.4%
Skew 10d1.3%-2.1%6.2%-0.1%0.7%
Call IV 25d36.0%30.5%41.0%30.8%37.6%
Put IV 25d36.6%31.6%41.6%31.8%37.9%
Bid-Ask Spread %17.7710.5925.4922.2117.64
Gamma HHI0.190.120.280.180.14
Net GEX-580.2K-1.8M1.7M-1.0M1.7M
Net DEX54.5M-432.9K84.8M65.5M-432.9K
Net VEX-436.7K-477.4K-393.8K-393.8K-476.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.049.090.300.34
Total Volume24,286.65,66086,54427,18410,212
Total OI691,351.8527,176853,456661,928583,040

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-04-02$5.62$6.2530.2%8.7%36.1%14.6%31.9%1.0%3.8%-1.0M65.5M-393.8K0.3022.21N/AN/A20,9806,204341,420320,508
2012-04-03$5.51$6.2530.6%8.8%36.3%15.3%30.7%1.1%3.5%-1.3M74.3M-394.2K0.3117.77N/AN/A19,2766,028357,032322,648
2012-04-04$5.49$6.2531.6%9.1%36.1%17.8%34.0%0.1%3.4%-1.2M72.8M-408.2K0.3022.57N/AN/A14,8764,448371,148323,768
2012-04-05$5.43$6.2529.8%8.6%35.6%13.7%29.1%1.0%4.4%-1.3M76.6M-396.6K1.2815.27N/AN/A6,2527,980381,572322,352
2012-04-09$5.46$5.5034.0%10.5%35.7%23.2%36.8%1.7%-1.9%-1.1M73.0M-402.9K0.4812.04N/AN/A9,9604,804383,376323,800
2012-04-10$5.36$5.5036.1%11.0%36.1%28.2%38.7%1.7%-2.9%-1.1M79.6M-398.1K0.4719.62N/AN/A22,65610,752390,420326,256
2012-04-11$5.32$5.5035.3%10.8%36.0%26.2%38.1%2.3%-2.8%-1.3M84.1M-402.7K5.1115.89N/AN/A2,90414,836409,684329,192
2012-04-12$5.39$5.5036.9%10.6%36.6%29.9%37.1%1.6%-2.8%-1.3M80.2M-413.5K2.6810.59N/AN/A1,5404,120407,620334,320
2012-04-13$5.31$5.5038.8%11.1%36.1%34.3%40.4%2.8%-1.4%-1.4M84.8M-408.9K9.0919.37N/AN/A2,44422,208410,496336,016
2012-04-16$5.42$5.5040.0%11.5%37.4%37.1%41.5%0.6%-2.9%-1.7M79.8M-423.2K0.4619.10N/AN/A27,59612,600412,164352,992
2012-04-17$5.54$5.5038.5%11.0%37.7%33.7%39.5%-1.3%-0.5%-1.5M64.1M-459.1K1.6622.58N/AN/A32,54853,996429,256358,376
2012-04-18$5.57$5.5037.6%10.8%37.8%31.6%38.3%-0.5%-0.7%-1.8M70.1M-469.1K0.6312.13N/AN/A18,34011,572446,496388,524
2012-04-19$5.57$5.5036.1%10.4%36.1%28.2%36.3%-0.5%-1.0%-1.8M66.3M-477.4K0.1318.87N/AN/A8,8601,180460,912387,476
2012-04-20$5.59$5.5035.6%10.2%28.9%27.0%37.6%-0.6%-0.5%-1.6M61.1M-475.4K0.3415.99N/AN/A23,8568,172465,724387,732
2012-04-23$5.59$5.5036.1%10.4%27.8%28.2%37.0%-0.1%-2.0%777.4K18.2M-457.8K0.4016.55N/AN/A19,8887,860294,196232,980
2012-04-24$5.57$5.5034.5%9.9%27.5%24.4%36.2%-0.6%-1.4%976.5K18.0M-459.2K0.2725.49N/AN/A9,6242,640310,712232,844
2012-04-25$5.64$5.5034.1%9.8%28.1%23.5%36.5%0.9%-0.7%1.3M8.5M-471.3K0.0418.72N/AN/A20,184820318,260233,828
2012-04-26$5.64$5.5034.1%9.8%28.0%23.5%34.5%0.6%-1.4%1.4M8.3M-473.2K0.3116.29N/AN/A5,9041,808336,664234,028
2012-04-27$5.67$5.5034.5%9.9%24.3%24.4%34.7%0.1%-1.5%1.6M4.2M-472.5K0.0816.72N/AN/A23,8681,936337,524231,680
2012-04-30$5.69$5.5037.0%10.6%20.8%30.2%38.4%0.4%-2.9%1.7M-432.9K-476.6K0.3417.64N/AN/A7,6202,592350,624232,416