GME Options History — May 2012

In May 2012, GME traded between $4.63 and $5.71. ATM implied volatility averaged 48.0%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 13.4% (HV 20d: 34.5%). Max pain ranged from $5.25 to $5.50. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2012-05-17: Highest Volume — 107,400 contracts
  • 2012-05-08: Largest IV spike — 82.1% change
  • 2012-05-08: Highest IV Rank — 100.0%
  • 2012-05-09: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.10$4.63$5.71$5.71$4.79
Max Pain$5.32$5.25$5.50$5.50$5.25
ATM IV48.0%38.1%93.6%39.1%48.1%
Expected Move12.7%10.9%17.3%11.2%13.8%
HV 20d34.5%17.0%50.2%18.4%50.2%
HV 60d33.4%28.6%38.7%30.1%37.1%
IV Rank38.8%20.4%100.0%35.2%34.7%
IV Percentile77.2%54.4%100.0%61.1%91.3%
Term Structure-1.2%-7.7%5.2%-4.9%-0.2%
VWIV46.7%38.9%62.7%38.9%52.0%
Skew 25d-3.5%-7.3%1.0%0.0%-4.6%
Skew 10d-7.5%-16.6%0.5%-1.4%-10.9%
Call IV 25d47.9%39.3%64.0%39.5%52.9%
Put IV 25d44.3%37.3%60.1%39.5%48.4%
Bid-Ask Spread %24.2112.9046.5622.0216.61
Gamma HHI0.150.130.160.140.14
Net GEX549.4K-692.0K1.9M1.9M-58.6K
Net DEX42.2M-6.9M98.9M-6.9M62.2M
Net VEX-425.3K-508.0K-308.7K-491.4K-384.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.123.651.060.22
Total Volume42,478.3644,800107,40022,8326,480
Total OI685,128.909589,492857,276589,492745,992

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-05-01$5.71$5.5039.1%11.2%18.4%35.2%38.9%0.0%-4.9%1.9M-6.9M-491.4K1.0622.02N/AN/A11,10811,724357,944231,548
2012-05-02$5.69$5.5040.1%11.5%17.0%37.3%40.1%-0.3%-4.9%1.9M-5.4M-497.9K0.2029.98N/AN/A4,012788363,604235,096
2012-05-03$5.62$5.5043.9%12.6%17.7%46.0%45.0%-0.6%-7.0%1.9M-807.2K-496.3K0.3829.16N/AN/A13,8085,204365,552227,860
2012-05-04$5.46$5.2546.3%11.0%20.4%51.7%42.2%1.0%-2.2%1.5M14.2M-474.3K0.1325.56N/AN/A18,6962,412375,476230,012
2012-05-07$5.27$5.2548.5%11.2%23.7%56.8%40.0%-1.0%-1.1%1.2M29.9M-436.7K0.9220.99N/AN/A16,61215,216391,848230,812
2012-05-08$5.28$5.5088.4%16.6%22.7%100.0%59.7%-5.8%-7.6%1.2M12.1M-492.3K0.2715.30N/AN/A69,47218,476396,252233,332
2012-05-09$5.23$5.2593.6%17.3%22.8%100.0%62.7%-4.0%-7.7%1.2M13.1M-499.1K0.2621.18N/AN/A45,13211,908417,524239,376
2012-05-10$5.27$5.2557.0%16.3%22.4%47.5%57.2%-2.9%-6.4%1.4M10.6M-508.0K0.4016.39N/AN/A15,2886,096437,624243,924
2012-05-11$5.08$5.2544.6%12.8%25.1%29.7%48.2%-2.2%-2.8%676.4K43.3M-418.2K0.8027.88N/AN/A32,60826,116441,612247,396
2012-05-14$5.22$5.2547.3%13.6%25.8%33.5%48.1%-4.5%-4.5%1.2M29.2M-447.6K0.2129.16N/AN/A32,7806,952459,792249,800
2012-05-15$5.16$5.2542.3%12.1%24.6%26.4%42.4%-3.3%0.2%1.2M31.8M-441.1K3.6538.51N/AN/A12,88047,004481,580250,864
2012-05-16$5.21$5.2541.3%11.9%24.9%25.0%41.4%-0.1%0.3%983.9K34.8M-471.8K2.3546.56N/AN/A18,28842,992483,692284,836
2012-05-17$4.63$5.2538.1%10.9%47.6%20.4%39.5%-4.3%2.2%-552.0K98.9M-308.7K1.3124.43N/AN/A46,59260,808491,388316,788
2012-05-18$4.77$5.5042.1%12.1%49.4%26.2%44.2%-2.7%1.0%-692.0K93.2M-361.8K3.2412.90N/AN/A8,26426,784514,868342,408
2012-05-21$4.75$5.5040.7%11.7%49.3%24.1%43.3%-2.9%4.7%-494.7K74.7M-359.4K0.1214.19N/AN/A61,9047,708382,732297,276
2012-05-22$4.76$5.2539.8%11.4%49.5%22.9%42.3%-5.5%4.6%-330.0K72.4M-370.6K1.8323.83N/AN/A5,82010,648412,532301,584
2012-05-23$4.77$5.2539.8%11.4%49.0%22.8%47.8%-7.3%5.2%-655.3K75.8M-349.0K0.2320.14N/AN/A12,6762,912361,248302,532
2012-05-24$4.79$5.2539.4%11.3%49.1%22.2%44.7%-6.5%4.8%-551.8K70.8M-361.0K0.3718.85N/AN/A33,22012,356368,344300,068
2012-05-25$4.88$5.2541.9%12.0%49.8%25.8%44.8%-6.8%2.1%-365.4K61.1M-405.9K0.1525.55N/AN/A18,6082,760387,552306,156
2012-05-29$4.93$5.2542.3%12.1%50.1%26.4%46.2%-6.6%0.7%-375.2K60.1M-382.4K0.8726.16N/AN/A20,56417,816379,632299,200
2012-05-30$4.92$5.2550.6%14.5%49.9%38.3%55.9%-6.6%-2.9%-194.3K54.3M-399.9K0.1927.22N/AN/A78,35614,676384,604300,576
2012-05-31$4.79$5.2548.1%13.8%50.2%34.7%52.0%-4.6%-0.2%-58.6K62.2M-384.0K0.2216.61N/AN/A5,3321,148437,216308,776