GME Options History — January 2018

In January 2018, GME traded between $4.21 and $4.99. ATM implied volatility averaged 37.7%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 2.1% (HV 20d: 39.8%). Max pain ranged from $4.75 to $5.25. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.59.

Notable Days

  • 2018-01-12: Highest Volume — 158,524 contracts
  • 2018-01-31: Largest IV spike — 17.8% change
  • 2018-01-03: Highest IV Rank — 21.2%
  • 2018-01-03: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.49$4.21$4.99$4.57$4.21
Max Pain$4.88$4.75$5.25$5.25$5.00
ATM IV37.7%30.7%45.8%42.4%40.3%
Expected Move11.0%9.0%16.0%14.2%9.7%
HV 20d39.8%22.4%50.8%25.9%50.4%
HV 60d37.8%32.2%41.5%32.6%41.3%
IV Rank11.6%3.4%21.2%17.2%14.7%
IV Percentile51.7%15.9%75.8%65.1%56.7%
Term Structure-0.9%-5.9%13.5%-1.2%-5.9%
VWIV38.3%24.1%55.8%50.1%34.9%
Skew 25d1.6%-15.5%14.3%2.6%-15.5%
Skew 10d7.3%-0.1%17.4%8.6%11.5%
Call IV 25d38.6%31.1%59.1%41.4%59.1%
Put IV 25d40.2%32.6%47.8%44.0%43.6%
Bid-Ask Spread %12.435.8436.747.5236.74
Gamma HHI0.210.130.510.200.19
Net GEX-2.6M-5.0M-237.5K-3.6M-1.2M
Net DEX82.4M27.8M161.3M107.6M59.0M
Net VEX-297.3K-336.1K-227.7K-303.8K-303.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.590.723.141.420.72
Total Volume78,069.52439,256158,52449,20045,508
Total OI701,517.905397,788913,064718,160545,076

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$4.57$5.2542.4%14.2%25.9%17.2%50.1%2.6%-1.2%-3.6M107.6M-303.8K1.427.52N/AN/A20,31628,884212,540505,620
2018-01-03$4.55$5.2545.8%16.0%22.4%21.2%55.8%3.3%-2.8%-3.3M105.7M-309.0K2.5314.69N/AN/A20,39651,680222,812510,884
2018-01-04$4.59$4.7544.3%12.0%22.7%19.5%42.2%3.2%-2.5%-3.5M103.1M-317.1K0.989.64N/AN/A19,78419,472231,884528,132
2018-01-05$4.67$4.7544.7%11.8%23.4%19.9%41.6%2.8%-2.4%-3.8M90.0M-332.4K2.038.93N/AN/A23,62847,944235,292541,636
2018-01-08$4.82$4.7543.6%12.0%24.7%18.6%41.8%2.7%-1.2%-4.1M74.8M-328.7K1.6710.06N/AN/A24,24440,392235,940557,112
2018-01-09$4.88$4.7541.3%11.4%22.8%16.0%40.9%2.1%-1.4%-4.1M61.5M-336.0K1.4713.94N/AN/A33,11648,600247,528568,812
2018-01-10$4.92$4.7540.8%11.3%22.7%15.3%41.0%1.9%-1.8%-3.7M49.8M-333.1K3.1414.97N/AN/A36,020113,076261,156571,212
2018-01-11$4.99$4.7541.7%11.7%23.1%16.3%40.9%3.8%-0.3%-4.0M45.1M-336.1K1.3823.48N/AN/A50,07269,096270,116585,660
2018-01-12$4.44$4.7535.8%10.2%47.4%9.3%35.7%-0.0%-0.5%-3.7M161.3M-246.3K1.4712.66N/AN/A64,12494,400291,496621,568
2018-01-16$4.29$4.7537.3%10.6%48.5%11.1%37.9%0.2%-1.3%-3.2M149.8M-227.7K1.539.62N/AN/A50,17276,892289,376556,056
2018-01-17$4.38$4.7535.6%10.2%49.2%9.1%36.1%-0.5%-1.4%-3.9M147.4M-265.0K0.959.08N/AN/A28,73227,276305,348592,000
2018-01-18$4.46$4.7534.4%9.9%49.2%7.8%35.3%1.4%-0.1%-5.0M132.6M-268.7K1.738.29N/AN/A24,30042,108309,544583,692
2018-01-19$4.53$4.7533.3%9.7%49.3%6.4%33.8%0.7%-1.4%-237.5K106.8M-271.9K2.4511.05N/AN/A26,80865,608312,532589,412
2018-01-22$4.39$4.7531.6%9.3%50.4%4.4%24.1%1.3%-4.0%-438.3K27.8M-264.6K2.146.92N/AN/A24,46052,440159,244238,544
2018-01-23$4.35$5.0030.7%9.0%50.2%3.4%32.0%1.5%0.4%-890.5K42.9M-273.1K1.136.42N/AN/A28,18431,832169,548273,940
2018-01-24$4.25$5.0034.8%10.5%50.7%8.2%37.1%1.8%-3.2%-966.6K47.4M-281.5K2.3122.10N/AN/A32,43274,792183,044287,104
2018-01-25$4.21$5.0034.2%10.1%50.5%7.5%36.3%2.2%1.5%-1.6M58.6M-297.4K0.965.84N/AN/A24,52023,464198,828330,224
2018-01-26$4.26$5.0032.7%9.9%50.7%5.7%35.1%2.3%-4.5%-1.2M54.5M-306.1K1.4611.27N/AN/A25,84437,612206,264334,080
2018-01-29$4.29$5.0032.5%10.5%50.8%5.5%36.3%14.3%13.5%-1.2M51.4M-319.2K0.9311.82N/AN/A24,32022,628193,456332,640
2018-01-30$4.27$5.0034.2%10.2%50.8%7.5%35.9%1.0%2.4%-1.1M53.4M-321.8K1.006.03N/AN/A22,17222,112203,388339,136
2018-01-31$4.21$5.0040.3%9.7%50.4%14.7%34.9%-15.5%-5.9%-1.2M59.0M-303.8K0.7236.74N/AN/A26,38819,120204,112340,964