GME Options History — September 2019

In September 2019, GME traded between $0.95 and $1.38. ATM implied volatility averaged 88.9%, placing in the 49.5% IV rank vs the trailing year. The 30-day expected move averaged 25.5%. IV traded above realized volatility by 1.8% (HV 20d: 87.1%). Max pain ranged from $1.00 to $1.75. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.01.

Notable Days

  • 2019-09-11: Highest Volume — 311,500 contracts
  • 2019-09-11: Largest IV drop — 39.5% change
  • 2019-09-10: Highest IV Rank — 90.9%
  • 2019-09-03: Largest Expected Move — 37.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.17$0.95$1.38$0.95$1.38
Max Pain$1.46$1.00$1.75$1.00$1.50
ATM IV88.9%67.1%132.1%128.5%85.4%
Expected Move25.5%19.3%37.7%37.7%22.3%
HV 20d87.1%75.7%95.4%75.7%81.0%
HV 60d66.0%56.6%71.6%59.0%71.2%
IV Rank49.5%28.6%90.9%87.5%46.2%
IV Percentile88.8%75.0%99.2%99.2%89.7%
Term Structure4.2%-24.3%74.1%-19.2%-15.1%
VWIV89.6%68.9%134.0%134.0%75.3%
Skew 25d6.6%-30.1%27.6%8.8%2.5%
Skew 10d-0.5%-60.4%23.6%17.8%-39.5%
Call IV 25d84.4%46.8%148.6%108.7%68.7%
Put IV 25d91.0%68.7%137.9%117.5%71.2%
Bid-Ask Spread %27.318.3465.1921.0639.50
Gamma HHI0.200.130.240.170.21
Net GEX-42.5K-111.4K41.6K-26.1K-51.4K
Net DEX12.8M7.3M19.8M16.1M7.7M
Net VEX-204.4K-252.1K-158.9K-158.9K-252.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.303.940.731.15
Total Volume91,968.223,456311,50069,736107,632
Total OI1,155,8281,013,5441,311,0081,013,5441,190,872

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$0.95$1.00128.5%37.7%75.7%87.5%134.0%8.8%-19.2%-26.1K16.1M-158.9K0.7321.06N/AN/A40,42429,312468,940544,604
2019-09-04$1.00$1.00104.1%37.1%77.7%64.1%127.9%-30.1%-10.1%-5.0K16.0M-164.7K0.3032.07N/AN/A18,0605,396475,288561,012
2019-09-05$1.05$1.50109.5%30.3%79.6%69.3%104.5%3.0%74.1%17.3K13.3M-173.9K0.8112.54N/AN/A27,70822,420478,952563,604
2019-09-06$1.07$1.50105.6%32.1%79.6%65.6%107.0%-9.8%50.2%-47.2K11.7M-181.0K0.8134.12N/AN/A29,87624,132485,172570,292
2019-09-09$1.19$1.50131.6%34.3%80.2%90.5%125.8%6.6%-12.4%-41.8K8.5M-200.9K1.7645.42N/AN/A109,828193,220467,420562,684
2019-09-10$1.27$1.50132.1%33.7%80.7%90.9%117.8%26.1%1.3%-57.2K7.3M-242.0K0.8730.07N/AN/A115,544100,532502,856660,016
2019-09-11$1.14$1.5079.9%24.5%92.2%40.9%84.3%6.0%17.2%-81.0K15.2M-197.9K0.7020.76N/AN/A183,192128,308547,320691,848
2019-09-12$1.15$1.7592.7%21.9%89.5%53.2%76.3%14.9%-21.3%-34.7K14.3M-197.9K0.4021.22N/AN/A58,63623,568562,808715,268
2019-09-13$1.11$1.5069.9%21.6%89.7%31.3%74.1%15.8%11.7%-84.5K19.0M-189.3K1.2215.25N/AN/A37,42045,468593,576717,432
2019-09-16$1.08$1.5071.6%20.4%91.1%33.0%72.3%2.8%9.0%-111.4K18.8M-184.0K1.0819.24N/AN/A13,68014,824520,864638,340
2019-09-17$1.08$1.5068.6%19.9%91.2%30.1%70.9%7.3%-2.1%-86.6K19.8M-179.0K1.9216.26N/AN/A17,33633,264528,196640,392
2019-09-18$1.17$1.5076.3%21.9%94.4%37.5%76.5%1.6%-24.3%41.6K12.1M-202.3K0.3735.73N/AN/A53,50819,928538,924648,816
2019-09-19$1.13$1.5071.4%20.6%95.4%32.8%70.5%-3.5%-2.3%7.2K15.9M-189.4K1.2320.87N/AN/A23,32428,776555,352656,568
2019-09-20$1.19$1.5067.1%19.3%93.2%28.6%68.9%-0.4%-1.3%-68.4K13.6M-200.9K0.438.34N/AN/A32,56014,044568,796672,912
2019-09-23$1.27$1.5077.9%21.4%91.6%39.0%74.8%22.6%10.8%-29.1K9.5M-222.8K0.4821.39N/AN/A44,94821,404487,184595,468
2019-09-24$1.26$1.5081.9%23.9%91.9%42.8%83.6%0.8%-2.7%-24.2K9.4M-225.7K0.8817.41N/AN/A37,46033,040510,436610,908
2019-09-25$1.29$1.5075.9%23.8%91.0%37.0%83.0%4.1%2.7%-16.0K8.5M-230.0K3.9434.51N/AN/A18,34472,252517,780627,760
2019-09-26$1.33$1.5068.9%23.1%90.3%30.4%82.4%27.6%4.1%-56.3K10.7M-246.9K0.6735.19N/AN/A16,62811,208520,908689,964
2019-09-27$1.34$1.5079.0%20.5%85.8%40.0%82.4%25.0%13.2%-94.6K9.3M-249.1K0.5065.19N/AN/A21,48410,676531,228695,800
2019-09-30$1.38$1.5085.4%22.3%81.0%46.2%75.3%2.5%-15.1%-51.4K7.7M-252.1K1.1539.50N/AN/A50,17257,460513,056677,816