GME Options History — March 2016

In March 2016, GME traded between $7.53 and $8.19. ATM implied volatility averaged 46.4%, placing in the 55.8% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 5.7% (HV 20d: 40.7%). Max pain ranged from $7.50 to $8.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.75.

Notable Days

2016-03-24: Highest Volume — 189,796 contracts
2016-03-28: Largest IV drop — 16.1% change
2016-03-21: Highest IV Rank — 66.0%
2016-03-24: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.77	$7.53	$8.19	$7.72	$7.92
Max Pain	$7.95	$7.50	$8.00	$7.50	$8.00
ATM IV	46.4%	35.6%	50.1%	48.8%	36.8%
Expected Move	13.3%	10.6%	15.6%	10.9%	10.8%
HV 20d	40.7%	32.8%	44.2%	36.4%	44.0%
HV 60d	39.7%	38.3%	40.9%	38.8%	40.8%
IV Rank	55.8%	26.6%	66.0%	62.3%	29.7%
IV Percentile	71.9%	31.3%	83.3%	81.7%	32.9%
Term Structure	-1.2%	-3.1%	0.7%	-2.7%	-0.8%
VWIV	46.3%	38.3%	54.3%	40.6%	38.8%
Skew 25d	5.0%	1.5%	7.2%	4.5%	3.7%
Skew 10d	10.0%	-4.0%	20.2%	6.6%	11.0%
Call IV 25d	44.9%	34.8%	49.4%	49.4%	35.4%
Put IV 25d	50.0%	38.4%	54.0%	53.9%	39.1%
Bid-Ask Spread %	28.61	10.97	69.95	37.41	41.91
Gamma HHI	0.13	0.10	0.18	0.12	0.11
Net GEX	-1.7M	-3.3M	95.3K	-1.8M	95.3K
Net DEX	33.5M	-18.0M	56.5M	28.5M	6.0M
Net VEX	-336.9K	-369.5K	-316.9K	-357.8K	-323.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.75	0.24	5.65	2.19	2.36
Total Volume	68,780.364	30,428	189,796	30,428	60,480
Total OI	402,454.727	355,244	459,720	366,568	458,480

Daily Data (22 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
2016-03-01	$7.72	$7.50	48.8%	10.9%	36.4%	62.3%	40.6%	4.5%	-2.7%	-1.8M	28.5M	-357.8K	2.19	37.41	N/A	N/A	9,532	20,896	125,408	241,160
2016-03-02	$7.82	$7.50	46.6%	11.2%	32.8%	56.4%	40.3%	5.5%	-1.0%	-1.8M	25.7M	-357.7K	0.65	54.20	N/A	N/A	58,160	37,772	125,908	247,368
2016-03-03	$8.19	$8.00	44.8%	12.5%	35.2%	51.4%	46.4%	4.3%	-1.2%	-763.3K	-18.0M	-369.5K	0.24	21.81	N/A	N/A	128,752	30,684	164,884	258,552
2016-03-04	$7.81	$8.00	49.8%	13.4%	39.7%	64.9%	44.2%	5.1%	-0.9%	-1.3M	24.7M	-361.4K	0.67	21.19	N/A	N/A	47,892	31,860	133,948	264,532
2016-03-07	$7.70	$8.00	47.4%	13.3%	40.2%	58.6%	46.1%	6.2%	0.2%	-1.7M	38.6M	-360.0K	0.56	18.42	N/A	N/A	27,392	15,344	129,620	267,984
2016-03-08	$7.55	$8.00	48.8%	13.8%	39.3%	62.4%	48.3%	5.6%	-0.6%	-1.9M	51.1M	-352.1K	0.47	17.03	N/A	N/A	29,932	14,056	132,824	268,996
2016-03-09	$7.84	$8.00	48.1%	13.7%	39.0%	60.4%	45.4%	6.0%	-0.6%	-1.6M	29.7M	-352.6K	1.17	18.58	N/A	N/A	27,180	31,736	134,272	269,440
2016-03-10	$7.57	$8.00	47.0%	13.9%	41.0%	57.4%	45.5%	1.5%	-0.1%	-677.1K	45.1M	-331.5K	2.23	13.00	N/A	N/A	13,284	29,612	133,672	247,316
2016-03-11	$7.71	$8.00	46.8%	13.4%	41.1%	57.0%	45.3%	5.9%	-0.1%	-2.0M	34.4M	-325.4K	2.25	14.28	N/A	N/A	13,724	30,848	134,116	247,232
2016-03-14	$7.90	$8.00	48.1%	13.6%	41.6%	60.3%	49.5%	5.3%	-2.0%	-1.8M	32.4M	-322.1K	5.65	16.55	N/A	N/A	11,620	65,660	114,308	240,936
2016-03-15	$7.69	$8.00	49.7%	14.2%	42.1%	64.7%	50.5%	4.5%	-3.1%	-3.3M	54.3M	-326.8K	3.06	22.74	N/A	N/A	16,332	49,912	115,248	279,600
2016-03-16	$7.97	$8.00	47.4%	13.6%	43.0%	58.5%	48.3%	6.6%	-1.8%	-2.8M	30.8M	-332.8K	2.55	45.49	N/A	N/A	13,988	35,664	120,024	280,544
2016-03-17	$7.92	$8.00	48.2%	13.9%	42.9%	60.6%	49.3%	4.8%	-2.0%	-3.2M	35.5M	-333.0K	2.62	28.67	N/A	N/A	11,456	30,056	120,752	281,932
2016-03-18	$7.72	$8.00	49.9%	14.6%	41.7%	65.3%	47.3%	4.4%	-2.6%	-709.2K	47.7M	-322.2K	2.81	25.63	N/A	N/A	17,152	48,160	122,412	278,632
2016-03-21	$7.79	$8.00	50.1%	15.2%	40.3%	66.0%	52.6%	6.0%	-2.1%	-2.4M	43.9M	-317.7K	1.71	44.80	N/A	N/A	19,428	33,276	113,472	250,072
2016-03-22	$7.54	$8.00	49.8%	15.0%	42.1%	65.1%	52.9%	5.6%	-1.7%	-2.6M	54.9M	-316.9K	0.71	33.31	N/A	N/A	32,092	22,748	123,516	254,140
2016-03-23	$7.59	$8.00	49.9%	14.9%	41.9%	65.3%	52.3%	4.2%	-2.1%	-2.5M	48.4M	-330.1K	1.00	11.75	N/A	N/A	25,392	25,504	138,956	259,268
2016-03-24	$7.55	$8.00	48.8%	15.6%	42.0%	62.4%	54.3%	7.2%	-1.4%	-934.2K	56.5M	-324.6K	2.16	69.95	N/A	N/A	60,068	129,728	151,084	268,840
2016-03-28	$7.53	$8.00	41.0%	12.5%	41.2%	41.1%	42.9%	5.0%	-0.3%	-2.5M	50.1M	-328.8K	0.95	26.41	N/A	N/A	58,604	55,936	162,080	274,956
2016-03-29	$7.87	$8.00	37.2%	11.2%	44.1%	30.8%	39.1%	5.1%	-0.5%	-578.6K	11.9M	-334.4K	1.21	35.41	N/A	N/A	25,044	30,392	181,992	277,728
2016-03-30	$7.95	$8.00	35.6%	10.6%	44.2%	26.6%	38.3%	3.6%	0.7%	-65.9K	5.2M	-330.5K	1.28	10.97	N/A	N/A	15,680	20,140	181,280	276,520
2016-03-31	$7.92	$8.00	36.8%	10.8%	44.0%	29.7%	38.8%	3.7%	-0.8%	95.3K	6.0M	-323.5K	2.36	41.91	N/A	N/A	18,024	42,456	182,280	276,200