GME Options History — January 2020

In January 2020, GME traded between $0.96 and $1.58. ATM implied volatility averaged 65.0%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded below realized volatility by 11.6% (HV 20d: 76.6%). Max pain ranged from $1.25 to $1.75. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.32.

Notable Days

  • 2020-01-14: Highest Volume — 270,116 contracts
  • 2020-01-03: Largest IV spike — 16.0% change
  • 2020-01-07: Highest IV Rank — 39.3%
  • 2020-01-03: Largest Expected Move — 27.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.23$0.96$1.58$1.58$0.96
Max Pain$1.44$1.25$1.75$1.75$1.25
ATM IV65.0%53.2%78.2%67.1%62.9%
Expected Move18.7%14.8%27.1%24.3%16.7%
HV 20d76.6%61.6%85.2%83.1%61.6%
HV 60d66.7%64.0%69.9%64.3%65.9%
IV Rank26.7%15.3%39.3%28.7%24.6%
IV Percentile51.7%23.8%75.8%59.5%48.4%
Term Structure0.7%-9.3%11.3%-5.6%2.7%
VWIV65.5%50.3%93.4%88.6%65.9%
Skew 25d9.9%-5.2%30.8%12.3%10.0%
Skew 10d17.3%-7.9%57.6%15.5%12.7%
Call IV 25d57.8%50.1%74.4%68.8%57.7%
Put IV 25d67.6%48.0%82.8%81.1%67.7%
Bid-Ask Spread %16.076.1999.5449.009.36
Gamma HHI0.220.120.480.260.12
Net GEX-213.2K-681.0K218.6K-27.1K-56.9K
Net DEX35.0M12.5M67.5M12.5M23.9M
Net VEX-167.7K-222.0K-127.6K-222.0K-127.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.386.071.322.35
Total Volume52,110.66713,320270,11698,88429,064
Total OI1,334,037.524779,8481,903,6601,610,108827,252

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$1.58$1.7567.1%24.3%83.1%28.7%88.6%12.3%-5.6%-27.1K12.5M-222.0K1.3249.00N/AN/A42,60056,284611,144998,964
2020-01-03$1.47$1.7577.9%27.1%84.7%39.0%93.4%11.2%-4.6%-482.0K30.2M-211.5K0.5311.34N/AN/A37,30019,760623,4361,032,952
2020-01-06$1.46$1.5071.3%21.1%84.4%32.7%73.2%25.8%11.3%-349.7K30.4M-203.0K0.5422.35N/AN/A41,12022,392591,7961,017,232
2020-01-07$1.39$1.5078.2%19.9%83.7%39.3%72.6%4.3%-4.7%-315.3K38.6M-185.8K0.707.18N/AN/A29,68420,908613,6761,028,384
2020-01-08$1.45$1.5074.0%20.1%84.7%35.3%71.2%15.3%1.9%-464.9K32.3M-202.8K1.398.24N/AN/A22,94031,856629,2121,054,508
2020-01-09$1.40$1.5072.4%20.5%85.2%33.7%70.7%30.8%0.4%-436.3K39.4M-188.9K0.789.62N/AN/A14,44411,276638,9601,065,152
2020-01-10$1.36$1.5073.6%21.9%69.6%34.9%80.2%19.0%1.8%-575.0K41.5M-188.2K1.8510.10N/AN/A10,65219,712648,9641,077,056
2020-01-13$1.36$1.5072.9%21.1%69.5%34.2%69.3%5.6%0.2%-390.9K44.5M-171.5K0.7810.13N/AN/A50,15239,348624,4401,069,792
2020-01-14$1.18$1.5068.2%20.5%84.7%29.7%72.3%1.0%5.8%-681.0K60.8M-142.0K6.078.26N/AN/A38,204231,912660,6761,101,880
2020-01-15$1.16$1.5064.4%15.7%84.7%26.1%56.8%12.4%-9.3%-358.5K67.1M-154.6K0.9714.56N/AN/A30,23629,256673,4921,163,312
2020-01-16$1.16$1.5058.5%16.6%77.7%20.4%57.2%11.6%-0.3%-240.1K67.5M-157.6K1.0011.18N/AN/A23,16823,092697,3161,184,328
2020-01-17$1.18$1.5055.0%15.1%76.9%17.0%52.2%-5.2%-2.9%-52.3K67.5M-162.5K1.256.19N/AN/A13,54016,924715,6321,188,028
2020-01-21$1.16$1.5058.0%16.7%77.0%19.9%56.6%7.7%-6.2%14.9K20.5M-160.4K0.6010.54N/AN/A28,89217,316345,040434,808
2020-01-22$1.15$1.5053.2%15.3%77.0%15.3%52.9%3.1%8.0%218.6K20.8M-161.7K0.389.94N/AN/A20,3327,640369,132445,296
2020-01-23$1.15$1.2553.3%14.8%74.7%15.4%50.3%5.7%9.6%145.0K20.3M-165.8K0.629.41N/AN/A8,2045,116380,600450,356
2020-01-24$1.08$1.2560.1%17.1%77.2%21.9%57.5%0.0%4.0%-90.3K24.4M-148.9K1.3699.54N/AN/A10,12813,756385,880453,120
2020-01-27$1.07$1.2563.5%16.8%77.3%25.2%57.2%8.5%-1.2%-94.9K22.0M-154.0K1.027.27N/AN/A9,77610,012346,608440,128
2020-01-28$1.05$1.2559.8%17.1%66.6%21.6%60.1%5.7%2.0%-87.0K22.8M-144.3K0.647.76N/AN/A11,4207,356353,884444,464
2020-01-29$1.04$1.2561.4%17.0%63.9%23.2%58.1%15.4%0.6%-75.1K23.5M-138.0K1.758.21N/AN/A5,4169,464362,400447,488
2020-01-30$0.98$1.2560.3%17.0%64.6%22.1%59.4%6.9%1.1%-78.5K24.0M-130.9K1.787.33N/AN/A8,51215,160365,616452,384
2020-01-31$0.96$1.2562.9%16.7%61.6%24.6%65.9%10.0%2.7%-56.9K23.9M-127.6K2.359.36N/AN/A8,68020,384371,672455,580