GME Options History — April 2018

In April 2018, GME traded between $3.21 and $3.49. ATM implied volatility averaged 42.4%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 8.7% (HV 20d: 51.2%). Max pain ranged from $3.25 to $4.75. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.96.

Notable Days

  • 2018-04-02: Highest Volume — 195,384 contracts
  • 2018-04-25: Largest IV spike — 16.4% change
  • 2018-04-02: Highest IV Rank — 31.1%
  • 2018-04-02: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.38$3.21$3.49$3.21$3.40
Max Pain$3.52$3.25$4.75$4.75$3.50
ATM IV42.4%33.7%54.1%54.1%50.8%
Expected Move11.0%9.6%15.6%15.6%9.9%
HV 20d51.2%28.7%54.9%51.5%29.1%
HV 60d41.9%38.9%46.4%46.2%40.5%
IV Rank17.3%6.9%31.1%31.1%27.1%
IV Percentile56.1%32.1%88.9%88.9%81.0%
Term Structure2.7%-8.9%13.8%-8.9%1.4%
VWIV38.6%33.5%56.7%56.7%34.7%
Skew 25d4.5%0.4%20.6%20.6%2.1%
Skew 10d14.5%2.2%58.3%46.2%6.8%
Call IV 25d41.0%33.3%59.4%59.4%50.7%
Put IV 25d45.5%34.2%80.1%80.1%52.8%
Bid-Ask Spread %19.404.4853.0016.015.11
Gamma HHI0.160.120.290.230.15
Net GEX480.3K-208.1K1.1M370.4K-93.0K
Net DEX48.4M27.1M84.0M59.2M38.4M
Net VEX-317.8K-358.8K-279.9K-279.9K-337.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.262.650.291.27
Total Volume77,414.28641,888195,384195,38463,744
Total OI819,347.619619,164916,384808,956714,220

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$3.21$4.7554.1%15.6%51.5%31.1%56.7%20.6%-8.9%370.4K59.2M-279.9K0.2916.01N/AN/A151,05644,328411,816397,140
2018-04-03$3.25$4.7545.4%13.2%51.9%20.8%45.8%2.3%-1.2%1.1M40.9M-283.4K0.564.48N/AN/A45,06825,356471,296410,752
2018-04-04$3.33$4.7541.8%12.3%53.2%16.5%43.9%1.4%-0.9%925.7K32.9M-286.1K0.6812.46N/AN/A53,78436,328475,556410,956
2018-04-05$3.39$3.2539.2%10.8%54.1%13.5%36.9%3.7%-1.7%1.0M31.3M-293.2K0.2633.09N/AN/A80,31621,084477,000420,032
2018-04-06$3.36$3.2539.9%11.6%53.9%14.2%40.2%3.3%-0.2%487.7K44.1M-282.5K0.2910.36N/AN/A68,10819,676450,212424,400
2018-04-09$3.39$3.2539.3%11.0%53.6%13.6%38.9%2.4%-0.4%642.5K54.8M-279.9K0.6113.56N/AN/A30,19218,304392,564410,200
2018-04-10$3.42$3.2539.2%10.5%53.8%13.5%38.2%4.7%-2.1%742.7K51.9M-289.5K1.4210.81N/AN/A34,34448,800393,668412,552
2018-04-11$3.47$3.2540.8%11.3%54.2%15.3%39.1%2.8%-1.7%845.6K50.9M-315.8K2.1825.49N/AN/A29,66064,516404,592439,724
2018-04-12$3.42$3.2540.9%10.9%54.4%15.4%38.2%3.6%-2.5%749.9K61.5M-358.8K1.2445.05N/AN/A21,81627,052410,112480,180
2018-04-13$3.42$3.2537.4%10.4%54.4%11.3%37.5%2.9%-1.4%232.8K65.0M-343.6K0.7216.49N/AN/A29,70821,288413,328486,376
2018-04-16$3.45$3.2534.8%9.9%54.5%8.3%35.3%1.5%10.5%449.1K62.6M-337.9K0.504.53N/AN/A31,02815,572396,292475,960
2018-04-17$3.49$3.2533.7%9.6%53.2%6.9%33.5%0.9%6.7%813.3K57.5M-347.9K0.526.34N/AN/A28,40014,756408,940479,492
2018-04-18$3.41$3.2534.5%9.9%53.1%7.9%34.5%1.9%13.8%782.5K64.3M-336.0K0.7324.40N/AN/A24,17217,716411,440481,032
2018-04-19$3.38$3.2539.8%10.7%52.3%14.1%37.2%2.2%13.7%691.1K68.1M-332.0K2.6520.27N/AN/A23,51662,204414,040485,272
2018-04-20$3.22$3.2541.9%10.7%54.8%16.6%34.9%1.9%11.1%46.4K84.0M-303.3K1.5010.23N/AN/A26,66440,056415,532500,852
2018-04-23$3.29$3.2545.1%10.5%54.9%20.4%38.4%9.1%4.2%-12.8K30.7M-305.4K0.9541.92N/AN/A41,12039,256303,180315,984
2018-04-24$3.35$3.5044.3%10.6%53.2%19.5%35.9%8.2%1.4%35.9K29.0M-326.7K0.9730.82N/AN/A45,20844,080324,780340,368
2018-04-25$3.36$3.5051.6%11.4%53.1%28.1%39.7%0.4%2.4%186.9K29.1M-337.2K0.9753.00N/AN/A59,71657,688338,668355,876
2018-04-26$3.42$3.5050.0%9.7%52.8%26.2%33.7%4.9%2.8%252.8K32.2M-349.4K0.7616.90N/AN/A31,76424,044325,880394,056
2018-04-27$3.46$3.5046.7%10.1%28.7%22.3%36.5%12.8%9.6%-208.1K27.1M-349.3K1.046.10N/AN/A31,42032,792336,452395,528
2018-04-30$3.40$3.5050.8%9.9%29.1%27.1%34.7%2.1%1.4%-93.0K38.4M-337.0K1.275.11N/AN/A28,10035,644323,176391,044