GME Options History — March 2013

In March 2013, GME traded between $5.88 and $6.99. ATM implied volatility averaged 44.0%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 13.7% (HV 20d: 30.3%). Max pain ranged from $6.00 to $6.25. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.79.

Notable Days

  • 2013-03-28: Highest Volume — 177,976 contracts
  • 2013-03-14: Largest IV spike — 34.5% change
  • 2013-03-25: Highest IV Rank — 24.4%
  • 2013-03-25: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.33$5.88$6.99$6.01$6.99
Max Pain$6.13$6.00$6.25$6.25$6.25
ATM IV44.0%32.2%56.5%39.5%39.3%
Expected Move13.5%11.3%16.2%11.3%11.3%
HV 20d30.3%26.0%45.9%45.9%34.5%
HV 60d37.3%36.0%38.2%37.3%38.2%
IV Rank14.0%4.2%24.4%10.2%10.1%
IV Percentile57.1%9.1%92.1%40.9%37.3%
Term Structure-2.4%-7.6%5.5%5.5%1.8%
VWIV47.4%40.0%57.5%40.0%41.6%
Skew 25d5.6%2.1%9.8%2.9%2.1%
Skew 10d11.4%5.6%17.1%5.6%16.6%
Call IV 25d44.1%38.2%50.3%38.6%38.2%
Put IV 25d49.8%40.3%59.8%41.5%40.3%
Bid-Ask Spread %9.744.3214.2312.328.94
Gamma HHI0.130.090.190.110.19
Net GEX480.3K-558.4K3.1M-3523.1M
Net DEX-35.4M-123.6M9.4M-4.8M-123.6M
Net VEX-503.8K-628.7K-427.6K-502.1K-608.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.790.156.311.131.34
Total Volume35,890.24,924177,97610,448177,976
Total OI651,722507,876752,556661,936752,556

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-03-01$6.01$6.2539.5%11.3%45.9%10.2%40.0%2.9%5.5%-352-4.8M-502.1K1.1312.32N/AN/A4,9125,536392,284269,652
2013-03-04$5.88$6.0039.9%12.9%40.6%10.6%45.2%3.9%-1.7%-558.4K9.4M-470.3K1.9010.37N/AN/A2,5644,860392,168269,432
2013-03-05$6.08$6.0039.1%12.8%41.5%9.9%43.2%4.1%-1.6%4.4K-8.4M-480.7K3.4511.70N/AN/A3,06410,556392,820270,472
2013-03-06$6.10$6.0037.6%12.8%34.6%8.7%43.2%3.7%-1.9%44.1K-12.4M-474.3K6.3110.13N/AN/A8645,448392,416269,296
2013-03-07$6.13$6.0034.3%12.5%27.3%6.0%44.0%3.6%-1.8%-83.8K-12.3M-474.1K1.146.56N/AN/A5,1805,908392,480275,936
2013-03-08$6.17$6.0032.2%12.3%27.2%4.2%43.5%3.7%-1.5%-13.1K-18.6M-464.5K3.884.32N/AN/A1,0083,916393,208268,456
2013-03-11$6.32$6.0039.4%13.0%27.0%10.2%45.3%3.5%-3.1%1.1M-37.7M-459.3K0.7911.67N/AN/A12,3689,732392,972267,200
2013-03-12$6.37$6.0037.8%12.8%27.2%8.8%45.0%3.1%-3.0%1.5M-45.9M-451.7K1.3510.72N/AN/A2,8763,896396,556270,172
2013-03-13$6.41$6.0032.4%12.4%26.9%4.4%44.1%3.4%-2.7%1.2M-47.8M-445.1K1.1010.51N/AN/A2,4882,732390,156271,096
2013-03-14$6.35$6.0043.6%12.5%26.9%13.7%42.2%4.2%-2.7%56.6K-39.9M-427.6K0.6511.01N/AN/A5,9043,852383,776264,280
2013-03-15$6.36$6.0050.2%14.4%26.7%19.2%49.6%6.7%-7.6%122.3K-40.8M-434.9K1.419.10N/AN/A35,21249,592386,284263,564
2013-03-18$6.43$6.2546.5%13.3%26.4%16.1%47.3%8.2%-1.3%365.1K-38.1M-468.3K1.009.78N/AN/A27,60827,528266,384241,492
2013-03-19$6.31$6.2551.1%14.6%27.3%19.9%52.3%8.9%-3.2%144.9K-29.0M-504.0K1.849.09N/AN/A13,84425,424289,832264,176
2013-03-20$6.36$6.2551.9%14.9%27.3%20.6%53.5%8.8%-4.3%101.9K-32.4M-522.5K2.128.38N/AN/A19,94442,304302,780286,992
2013-03-21$6.31$6.2554.1%15.5%26.0%22.4%53.2%8.6%-5.0%-119.2K-26.0M-548.1K1.9910.07N/AN/A5,81611,584316,400310,904
2013-03-22$6.42$6.2552.6%15.1%26.6%21.2%51.5%8.8%-3.1%70.4K-35.7M-559.9K0.158.00N/AN/A40,8605,964319,344319,044
2013-03-25$6.34$6.2556.5%16.2%26.7%24.4%57.5%9.8%-4.9%274.4K-34.1M-571.1K2.168.90N/AN/A6,33613,716354,280321,620
2013-03-26$6.59$6.2554.6%15.6%29.6%22.8%56.4%8.5%-4.5%998.1K-62.2M-580.1K0.899.05N/AN/A34,06830,256357,416328,164
2013-03-27$6.61$6.2547.4%13.6%29.1%16.8%48.8%6.4%-1.1%1.2M-67.1M-628.7K1.2514.23N/AN/A23,17228,936385,140353,240
2013-03-28$6.99$6.2539.3%11.3%34.5%10.1%41.6%2.1%1.8%3.1M-123.6M-608.0K1.348.94N/AN/A75,988101,988391,296361,260