GME Options History — January 2019

In January 2019, GME traded between $2.79 and $4.05. ATM implied volatility averaged 55.9%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 17.3% (HV 20d: 73.2%). Max pain ranged from $3.25 to $4.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2019-01-29: Highest Volume — 179,068 contracts
  • 2019-01-29: Largest IV spike — 15.9% change
  • 2019-01-04: Highest IV Rank — 41.6%
  • 2019-01-02: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.70$2.79$4.05$3.26$2.82
Max Pain$3.61$3.25$4.00$3.75$4.00
ATM IV55.9%45.6%66.5%62.0%54.8%
Expected Move16.0%13.2%19.4%19.4%15.7%
HV 20d73.2%42.7%133.0%43.5%131.7%
HV 60d65.4%53.9%89.1%54.2%88.5%
IV Rank28.8%15.6%41.6%36.4%25.5%
IV Percentile62.0%25.8%88.1%79.4%62.7%
Term Structure-1.9%-6.5%1.1%-2.9%-2.3%
VWIV56.7%47.9%67.9%65.7%48.7%
Skew 25d5.5%1.6%11.6%5.0%3.5%
Skew 10d9.8%-19.9%30.7%7.0%30.7%
Call IV 25d55.8%43.9%63.5%61.6%57.8%
Put IV 25d61.3%51.1%74.3%66.7%61.3%
Bid-Ask Spread %26.838.5847.2426.6613.46
Gamma HHI0.220.170.430.200.24
Net GEX173.6K-1.2M1.2M-825.6K-1.2M
Net DEX-3.9M-47.1M52.9M37.2M51.2M
Net VEX-236.8K-282.4K-173.0K-173.0K-197.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.194.230.191.75
Total Volume51,153.14314,836179,06816,55655,380
Total OI728,321.333482,828927,104733,948661,232

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$3.26$3.7562.0%19.4%43.5%36.4%65.7%5.0%-2.9%-825.6K37.2M-173.0K0.1926.66N/AN/A13,9482,608371,096362,852
2019-01-03$3.25$3.2559.6%16.9%42.7%33.6%58.3%7.5%-0.1%-540.3K33.1M-180.3K0.4837.66N/AN/A10,0124,824380,800363,260
2019-01-04$3.79$3.2566.5%17.5%70.0%41.6%60.5%7.5%-4.7%87.8K-13.7M-213.4K0.3942.45N/AN/A75,69229,180383,688366,232
2019-01-07$3.87$3.2565.5%17.5%70.1%40.5%61.3%11.6%-6.5%287.2K-18.2M-223.6K0.4335.96N/AN/A11,0964,760408,872379,128
2019-01-08$3.96$3.2556.4%16.3%70.2%29.9%57.7%1.6%0.5%763.1K-33.0M-226.7K0.2330.84N/AN/A47,82411,112416,152383,256
2019-01-09$4.00$3.5061.3%17.1%67.8%35.6%62.2%5.2%-2.9%800.5K-32.5M-238.8K4.2347.24N/AN/A18,80479,600423,820382,268
2019-01-10$3.99$3.5060.4%16.8%66.8%34.5%59.2%3.3%-1.9%658.4K-25.8M-269.6K1.1040.51N/AN/A18,13219,868426,692449,804
2019-01-11$3.96$3.5060.8%16.5%66.7%35.0%58.5%5.4%-6.3%498.1K-24.4M-267.1K0.4427.06N/AN/A38,25216,748435,188455,616
2019-01-14$3.90$3.7553.2%15.2%64.5%26.1%55.4%6.1%-2.1%776.6K-18.7M-255.5K0.6824.27N/AN/A15,64410,588440,608445,256
2019-01-15$3.87$3.7554.3%15.7%64.8%27.5%55.4%5.3%-0.4%605.0K-12.7M-247.5K0.8233.73N/AN/A14,58011,948448,724449,704
2019-01-16$3.93$3.7551.5%14.8%64.3%24.2%52.0%3.3%0.0%1.2M-22.0M-240.6K1.0327.72N/AN/A15,59216,088452,552451,256
2019-01-17$3.93$3.7553.0%15.2%64.4%25.9%55.3%6.8%-1.6%1.1M-25.7M-246.4K0.3825.24N/AN/A30,68411,564457,604460,216
2019-01-18$4.05$3.7550.1%14.6%63.4%22.6%51.8%2.0%-1.3%407.1K-47.1M-238.2K1.5129.45N/AN/A55,28483,304461,880465,224
2019-01-22$3.82$3.7549.9%14.3%68.0%22.3%50.6%2.4%1.0%-52.7K-470.7K-271.5K0.4630.62N/AN/A21,85210,144214,560268,268
2019-01-23$3.88$3.7552.1%13.9%64.1%24.9%49.0%8.8%-0.1%67.5K-4.2M-275.5K0.7519.51N/AN/A8,6086,452226,996274,664
2019-01-24$3.94$3.7547.1%14.0%63.7%17.4%48.8%4.6%-0.5%230.7K-8.8M-277.5K0.3719.03N/AN/A13,9365,212231,300277,068
2019-01-25$3.97$3.7545.6%13.2%62.7%15.6%47.9%7.2%1.1%262.2K-10.9M-282.4K0.3114.44N/AN/A18,6245,740237,888278,404
2019-01-28$3.87$3.7552.1%15.8%63.1%23.4%62.2%6.5%-1.8%170.2K-5.0M-278.1K1.1818.37N/AN/A12,86415,152233,320278,416
2019-01-29$2.81$3.7560.5%18.8%133.0%33.3%67.9%2.0%-6.0%-585.9K47.8M-178.2K2.118.58N/AN/A57,608121,460245,508296,348
2019-01-30$2.79$3.2558.3%17.0%132.5%29.7%62.5%10.6%-0.7%-1.1M52.9M-191.6K1.8610.61N/AN/A18,67234,776278,288370,740
2019-01-31$2.82$4.0054.8%15.7%131.7%25.5%48.7%3.5%-2.3%-1.2M51.2M-197.4K1.7513.46N/AN/A20,16835,212283,924377,308