GME Options History — August 2012

In August 2012, GME traded between $3.94 and $4.87. ATM implied volatility averaged 61.1%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 25.7% (HV 20d: 35.5%). Max pain ranged from $4.00 to $4.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.81.

Notable Days

2012-08-16: Highest Volume — 218,820 contracts
2012-08-16: Largest IV drop — 68.9% change
2012-08-13: Highest IV Rank — 100.0%
2012-08-14: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.44	$3.94	$4.87	$4.02	$4.77
Max Pain	$4.29	$4.00	$4.50	$4.25	$4.50
ATM IV	61.1%	40.3%	147.2%	55.1%	43.8%
Expected Move	13.4%	11.6%	17.6%	15.8%	12.5%
HV 20d	35.5%	20.9%	45.0%	21.6%	44.6%
HV 60d	35.1%	30.4%	38.7%	36.3%	35.7%
IV Rank	36.9%	10.3%	100.0%	41.4%	13.2%
IV Percentile	79.2%	52.4%	100.0%	96.0%	75.8%
Term Structure	-2.4%	-10.3%	1.7%	-9.4%	-0.1%
VWIV	48.0%	36.2%	61.9%	57.2%	46.1%
Skew 25d	0.0%	-2.4%	3.6%	2.1%	-2.4%
Skew 10d	0.4%	-3.2%	7.0%	4.2%	-1.7%
Call IV 25d	47.7%	41.5%	61.6%	56.1%	46.1%
Put IV 25d	47.8%	40.8%	61.9%	58.3%	43.7%
Bid-Ask Spread %	13.24	8.42	25.75	9.32	12.27
Gamma HHI	0.19	0.13	0.45	0.20	0.13
Net GEX	1.3M	500.2K	3.5M	632.5K	1.6M
Net DEX	-8.6M	-51.4M	25.9M	23.5M	-32.8M
Net VEX	-312.7K	-422.7K	-206.1K	-217.4K	-422.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.15	5.05	0.57	0.46
Total Volume	47,504	1,548	218,820	32,636	26,492
Total OI	601,451.652	511,576	785,836	550,304	631,740

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2012-08-01	$4.02	$4.25	55.1%	15.8%	21.6%	41.4%	57.2%	2.1%	-9.4%	632.5K	23.5M	-217.4K	0.57	9.32	N/A	N/A	20,736	11,900	372,492	177,812
2012-08-02	$3.94	$4.25	55.8%	16.0%	22.2%	42.4%	60.5%	-0.5%	-9.7%	500.2K	25.9M	-206.1K	0.15	12.36	N/A	N/A	11,448	1,708	379,396	181,916
2012-08-03	$3.98	$4.25	54.9%	15.7%	23.0%	41.0%	58.3%	-1.9%	-10.3%	581.5K	25.2M	-209.0K	1.69	13.14	N/A	N/A	576	972	386,964	182,340
2012-08-06	$4.00	$4.00	57.5%	13.0%	20.9%	45.0%	50.5%	3.6%	-1.0%	638.0K	23.6M	-207.1K	5.05	11.11	N/A	N/A	2,812	14,208	385,948	182,448
2012-08-07	$4.20	$4.00	61.6%	12.9%	28.2%	51.3%	50.2%	2.4%	-2.3%	1.3M	8.8M	-231.0K	1.31	14.79	N/A	N/A	7,032	9,216	387,600	171,112
2012-08-08	$4.18	$4.00	62.9%	13.0%	27.5%	53.2%	50.1%	1.1%	-2.3%	1.2M	10.3M	-226.8K	0.93	12.59	N/A	N/A	2,436	2,260	390,308	176,968
2012-08-09	$4.21	$4.00	62.4%	12.9%	27.5%	52.4%	45.8%	0.6%	-2.7%	1.4M	7.7M	-228.0K	0.23	14.42	N/A	N/A	7,696	1,732	391,572	178,788
2012-08-10	$4.43	$4.00	88.2%	13.5%	32.8%	91.8%	47.6%	1.6%	-4.2%	1.7M	-12.3M	-275.9K	0.58	18.60	N/A	N/A	6,612	3,844	398,036	179,180
2012-08-13	$4.47	$4.00	121.1%	16.9%	32.1%	100.0%	59.6%	-0.7%	-9.3%	1.7M	-20.3M	-292.4K	0.67	20.56	N/A	N/A	78,780	52,884	400,468	179,344
2012-08-14	$4.32	$4.25	147.2%	17.6%	34.8%	100.0%	61.9%	0.3%	-9.4%	1.3M	-8.7M	-293.4K	0.66	19.25	N/A	N/A	41,872	27,488	422,824	216,936
2012-08-15	$4.26	$4.25	137.0%	16.3%	35.0%	91.4%	57.4%	0.5%	-3.2%	1.2M	-2.1M	-294.9K	0.51	25.75	N/A	N/A	121,032	61,324	432,092	233,440
2012-08-16	$4.50	$4.25	42.7%	12.2%	39.6%	12.3%	43.1%	-0.4%	-0.2%	3.5M	-17.7M	-301.7K	0.85	13.03	N/A	N/A	118,012	100,808	457,316	271,428
2012-08-17	$4.64	$4.25	42.8%	12.3%	38.7%	12.4%	42.6%	-0.2%	-0.4%	1.2M	-51.4M	-325.3K	0.21	14.61	N/A	N/A	79,664	16,436	484,840	300,996
2012-08-20	$4.87	$4.50	41.5%	11.9%	40.9%	11.3%	42.2%	0.8%	0.8%	1.3M	-28.7M	-340.0K	0.70	11.09	N/A	N/A	37,296	25,956	322,044	189,532
2012-08-21	$4.87	$4.50	40.6%	11.7%	39.0%	10.6%	41.5%	0.1%	1.7%	1.3M	-29.0M	-381.2K	0.68	9.08	N/A	N/A	27,204	18,520	342,780	210,780
2012-08-22	$4.70	$4.50	42.6%	12.2%	42.4%	12.2%	44.2%	-1.3%	0.2%	1.0M	-17.2M	-394.5K	0.26	13.64	N/A	N/A	28,132	7,336	365,264	225,668
2012-08-23	$4.72	$4.50	42.1%	12.1%	42.4%	11.8%	36.2%	-0.6%	0.5%	1.1M	-23.7M	-390.3K	0.47	11.22	N/A	N/A	37,624	17,752	376,088	227,780
2012-08-24	$4.61	$4.50	41.1%	11.8%	44.1%	11.0%	41.4%	-0.4%	0.9%	1.0M	-13.3M	-393.6K	0.30	9.18	N/A	N/A	5,240	1,568	375,040	227,264
2012-08-27	$4.54	$4.50	40.8%	11.7%	44.4%	10.7%	41.8%	-1.2%	1.5%	1.0M	-7.8M	-380.5K	0.52	9.66	N/A	N/A	3,620	1,880	377,044	219,332
2012-08-28	$4.54	$4.50	40.3%	11.6%	44.4%	10.3%	40.7%	-0.7%	1.7%	999.1K	-7.5M	-375.5K	0.84	8.42	N/A	N/A	5,268	4,428	379,504	220,628
2012-08-29	$4.65	$4.50	41.3%	11.8%	45.0%	11.1%	41.5%	-1.2%	0.9%	1.3M	-18.4M	-390.0K	0.41	9.17	N/A	N/A	10,128	4,144	383,212	223,548
2012-08-30	$4.79	$4.50	42.5%	12.2%	44.4%	12.2%	42.9%	-0.8%	0.5%	1.5M	-32.9M	-415.4K	0.63	11.22	N/A	N/A	16,296	10,220	389,120	224,456
2012-08-31	$4.77	$4.50	43.8%	12.5%	44.6%	13.2%	46.1%	-2.4%	-0.1%	1.6M	-32.8M	-422.7K	0.46	12.27	N/A	N/A	18,196	8,296	401,188	230,552