GME Options History — May 2018

In May 2018, GME traded between $3.11 and $3.46. ATM implied volatility averaged 54.9%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 15.6% (HV 20d: 39.3%). Max pain ranged from $3.50 to $3.50. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.69.

Notable Days

  • 2018-05-31: Highest Volume — 226,988 contracts
  • 2018-05-16: Largest IV spike — 13.7% change
  • 2018-05-16: Highest IV Rank — 41.8%
  • 2018-05-31: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.26$3.11$3.46$3.46$3.31
Max Pain$3.50$3.50$3.50$3.50$3.50
ATM IV54.9%50.5%63.2%51.5%60.5%
Expected Move16.2%10.0%23.8%10.0%23.8%
HV 20d39.3%29.2%48.2%29.2%47.1%
HV 60d41.5%39.0%44.5%40.4%44.5%
IV Rank32.0%26.8%41.8%28.0%38.6%
IV Percentile87.0%73.0%96.4%83.3%94.4%
Term Structure-1.8%-6.9%15.5%-1.2%-3.3%
VWIV56.5%35.4%81.8%35.4%81.8%
Skew 25d5.3%-2.7%9.8%4.6%4.9%
Skew 10d9.6%-15.6%27.7%7.2%5.5%
Call IV 25d52.0%45.9%58.9%49.5%57.0%
Put IV 25d57.3%48.9%64.1%54.1%61.9%
Bid-Ask Spread %10.433.9047.3115.628.27
Gamma HHI0.130.110.160.130.11
Net GEX-193.5K-770.6K639.8K-3.9K116.9K
Net DEX52.1M21.6M77.1M33.7M34.3M
Net VEX-316.3K-364.7K-285.0K-349.7K-334.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.690.243.371.641.13
Total Volume98,134.36448,740226,98859,900226,988
Total OI846,838.909724,952980,972724,952980,972

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$3.46$3.5051.5%10.0%29.2%28.0%35.4%4.6%-1.2%-3.9K33.7M-349.7K1.6415.62N/AN/A22,67637,224330,800394,152
2018-05-02$3.35$3.5051.5%10.1%30.9%28.0%36.3%-2.7%1.1%82844.3M-328.5K1.9247.31N/AN/A20,86440,024340,396401,616
2018-05-03$3.21$3.5051.3%14.4%33.6%27.7%50.0%1.7%1.3%-132.9K58.9M-296.7K2.565.43N/AN/A20,95653,660347,152406,476
2018-05-04$3.25$3.5051.1%14.2%34.1%27.6%49.7%0.8%1.8%-90.4K55.6M-299.9K1.274.02N/AN/A36,44446,436354,340409,440
2018-05-07$3.23$3.5052.8%14.5%33.9%29.5%51.7%6.1%-1.7%-113.4K58.4M-292.3K3.175.01N/AN/A24,94479,128352,656418,260
2018-05-08$3.19$3.5051.6%14.0%33.8%28.1%50.1%6.3%-4.5%-216.3K63.3M-285.0K2.743.90N/AN/A20,43255,996356,944442,280
2018-05-09$3.23$3.5051.9%13.8%33.7%28.5%49.1%6.5%-5.8%-73.0K58.7M-292.2K1.357.68N/AN/A20,74827,992360,120436,872
2018-05-10$3.26$3.5053.1%14.7%33.6%29.9%50.5%6.8%-1.9%33.5K52.9M-305.1K1.615.62N/AN/A27,73244,624366,388438,092
2018-05-11$3.18$3.5055.5%15.2%34.5%32.6%54.6%3.7%-4.4%-303.6K61.9M-295.8K1.6614.42N/AN/A21,80836,132378,944452,620
2018-05-14$3.31$3.5058.6%16.1%37.8%36.3%55.0%5.0%-0.5%-295.6K46.9M-329.8K0.248.45N/AN/A124,29230,060362,688449,064
2018-05-15$3.36$3.5055.6%15.8%38.0%32.9%52.6%6.5%-4.6%531.7K26.2M-341.1K0.618.02N/AN/A39,74824,140426,752454,160
2018-05-16$3.37$3.5063.2%18.1%37.1%41.8%61.0%4.8%15.5%639.8K21.6M-348.0K2.2613.03N/AN/A46,248104,352435,556455,920
2018-05-17$3.40$3.5058.8%17.0%37.1%36.6%62.5%7.3%-2.6%160.8K29.8M-364.7K0.958.99N/AN/A53,01650,348439,392519,240
2018-05-18$3.11$3.5061.6%18.1%46.1%39.8%63.0%5.2%-6.9%-674.1K77.1M-305.2K1.796.07N/AN/A53,78096,308424,140514,404
2018-05-21$3.19$3.5057.2%17.7%46.4%34.7%61.9%4.1%-4.0%-770.6K64.1M-320.3K0.7010.00N/AN/A48,48034,100357,656493,324
2018-05-22$3.15$3.5054.4%17.7%46.1%31.3%59.6%8.2%-3.1%-537.9K66.6M-308.3K2.3112.25N/AN/A24,98857,800380,964497,808
2018-05-23$3.17$3.5055.4%17.4%46.2%32.5%62.4%8.8%-2.8%-394.2K64.5M-305.7K3.377.08N/AN/A17,50458,996391,004491,068
2018-05-24$3.18$3.5053.5%17.0%45.6%30.4%58.0%5.6%-3.4%-323.2K64.1M-304.3K2.897.59N/AN/A19,45256,128392,612495,044
2018-05-25$3.15$3.5055.2%18.1%45.3%32.4%60.9%9.8%-4.2%-723.4K66.4M-297.6K1.5911.17N/AN/A31,03649,488396,248498,720
2018-05-29$3.25$3.5050.5%19.5%46.8%26.8%67.1%8.3%-0.8%-703.7K58.0M-308.9K0.7412.08N/AN/A54,74440,292374,292496,708
2018-05-30$3.37$3.5053.9%20.1%48.2%30.8%70.4%4.2%-3.8%-385.0K38.8M-345.0K0.697.46N/AN/A106,13272,716408,760506,412
2018-05-31$3.31$3.5060.5%23.8%47.1%38.6%81.8%4.9%-3.3%116.9K34.3M-334.2K1.138.27N/AN/A106,524120,464472,996507,976