GME Options History — February 2020

In February 2020, GME traded between $0.85 and $1.06. ATM implied volatility averaged 71.4%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 9.8% (HV 20d: 61.6%). Max pain ranged from $1.00 to $1.25. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.65.

Notable Days

  • 2020-02-12: Highest Volume — 88,584 contracts
  • 2020-02-13: Largest IV spike — 100.8% change
  • 2020-02-28: Highest IV Rank — 65.3%
  • 2020-02-27: Largest Expected Move — 25.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.98$0.85$1.06$0.99$0.89
Max Pain$1.07$1.00$1.25$1.25$1.00
ATM IV71.4%49.2%105.4%61.0%105.4%
Expected Move18.9%14.6%25.1%17.8%23.6%
HV 20d61.6%56.7%69.4%62.0%62.5%
HV 60d69.3%66.3%70.8%66.3%70.8%
IV Rank32.7%11.5%65.3%22.8%65.3%
IV Percentile56.3%13.5%95.6%45.2%95.6%
Term Structure7.4%-103.9%121.0%2.1%-4.7%
VWIV65.2%51.2%84.9%63.0%83.9%
Skew 25d11.3%-9.2%64.6%10.8%-9.2%
Skew 10d13.9%-21.5%64.3%21.5%8.7%
Call IV 25d62.0%34.7%82.9%59.0%76.0%
Put IV 25d73.3%42.0%121.2%69.8%66.8%
Bid-Ask Spread %35.005.99109.606.9550.07
Gamma HHI0.130.110.200.120.11
Net GEX-17.7K-94.2K49.7K-65.2K20.0K
Net DEX21.5M19.6M23.2M23.2M20.7M
Net VEX-145.4K-165.0K-121.7K-131.0K-142.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.271.610.520.71
Total Volume36,418.31617,51288,58420,36025,296
Total OI934,064.842820,0401,018,140820,0401,006,104

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$0.99$1.2561.0%17.8%62.0%22.8%63.0%10.8%2.1%-65.2K23.2M-131.0K0.526.95N/AN/A13,4246,936364,676455,364
2020-02-04$1.03$1.2560.8%17.4%66.0%22.5%59.4%5.5%1.4%-57.5K22.1M-143.5K0.466.61N/AN/A22,45210,260372,080458,900
2020-02-05$1.04$1.2562.4%16.9%65.3%24.1%57.9%5.1%-0.9%-44.9K21.9M-145.0K0.355.99N/AN/A21,6847,612385,748464,100
2020-02-06$1.04$1.1357.7%17.9%61.9%19.7%58.1%2.9%-0.9%-43.4K22.1M-145.0K0.3012.47N/AN/A13,4604,052395,224466,456
2020-02-07$0.95$1.1384.2%19.5%65.9%45.0%65.0%-1.8%121.0%-49.0K22.7M-133.1K1.0736.50N/AN/A22,06423,592404,440468,328
2020-02-10$0.98$1.1379.9%18.6%67.6%41.0%66.1%26.1%-25.9%-50.8K22.1M-138.3K0.3443.09N/AN/A58,84420,292412,076471,404
2020-02-11$1.01$1.1368.6%22.0%69.4%30.0%70.2%5.9%-21.8%-9621.3M-145.4K1.61109.60N/AN/A16,06825,844443,548479,548
2020-02-12$1.06$1.1349.2%17.8%56.7%11.5%64.9%3.5%41.8%21.7K19.6M-165.0K0.4090.63N/AN/A63,49625,088445,796490,712
2020-02-13$1.03$1.0098.9%17.4%57.2%59.1%60.2%7.3%-103.9%-23.2K21.4M-158.8K0.3145.73N/AN/A21,5646,648472,136508,208
2020-02-14$1.01$1.0055.2%16.9%57.4%17.2%59.4%14.5%4.0%-94.2K21.9M-153.2K0.3635.86N/AN/A14,9005,396486,496509,420
2020-02-18$1.02$1.0050.9%14.6%56.7%13.1%51.2%11.2%30.4%-4.3K22.6M-147.8K0.2727.79N/AN/A23,2646,236477,760498,068
2020-02-19$1.04$1.0055.7%16.0%57.5%17.7%56.8%0.1%19.6%49.7K20.6M-162.1K0.4433.71N/AN/A14,8526,488497,960501,196
2020-02-20$1.03$1.0063.3%17.0%57.5%25.0%59.4%-1.1%22.9%18.5K20.5M-161.8K0.3223.48N/AN/A16,1965,164506,928504,652
2020-02-21$1.01$1.0062.6%18.4%57.5%24.3%63.1%3.8%-2.2%-7.0K20.7M-157.8K1.2310.40N/AN/A12,08014,872511,716506,424
2020-02-24$0.93$1.0079.4%21.6%60.3%40.4%72.1%64.6%17.7%-4.3K20.3M-140.7K0.7948.92N/AN/A23,08818,328437,916473,368
2020-02-25$0.90$1.0076.6%21.6%61.2%37.7%73.5%-8.0%21.1%-1.2K20.3M-136.6K0.8528.90N/AN/A20,43617,360456,300476,596
2020-02-26$0.85$1.0093.4%20.0%62.9%53.8%69.0%46.2%9.4%-7.5K22.4M-121.7K0.9031.34N/AN/A23,53621,244468,460487,224
2020-02-27$0.88$1.0091.0%25.1%64.4%51.5%84.9%28.0%8.7%5.7K21.6M-134.3K1.0516.93N/AN/A19,40020,432481,920499,980
2020-02-28$0.89$1.00105.4%23.6%62.5%65.3%83.9%-9.2%-4.7%20.0K20.7M-142.6K0.7150.07N/AN/A14,79610,500494,744511,360