GME Options History — March 2020

In March 2020, GME traded between $0.89 and $1.12. ATM implied volatility averaged 140.7%, placing in the 75.8% IV rank vs the trailing year. The 30-day expected move averaged 40.7%. IV traded above realized volatility by 56.5% (HV 20d: 84.2%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.00.

Notable Days

  • 2020-03-26: Highest Volume — 245,524 contracts
  • 2020-03-13: Largest IV spike — 33.1% change
  • 2020-03-13: Highest IV Rank — 100.0%
  • 2020-03-23: Largest Expected Move — 57.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.00$0.89$1.12$0.94$0.89
Max Pain$1.43$1.00$1.50$1.00$1.50
ATM IV140.7%82.3%214.2%95.1%123.7%
Expected Move40.7%21.3%57.7%23.5%35.5%
HV 20d84.2%59.0%118.9%65.2%118.9%
HV 60d75.2%68.1%86.3%71.9%85.5%
IV Rank75.8%43.2%100.0%55.5%48.9%
IV Percentile95.7%78.2%100.0%90.9%92.1%
Term Structure10.6%-26.5%127.3%0.5%0.2%
VWIV142.9%72.7%234.5%72.7%121.8%
Skew 25d40.0%-8.5%153.4%11.3%76.0%
Skew 10d77.8%3.9%149.2%43.7%81.7%
Call IV 25d124.6%41.9%191.7%104.3%67.3%
Put IV 25d164.6%95.7%232.4%115.6%143.3%
Bid-Ask Spread %35.4812.3060.5560.1618.77
Gamma HHI0.140.100.260.120.17
Net GEX60.8K-67.7K263.2K27.7K-67.7K
Net DEX17.2M9.7M26.7M19.6M26.7M
Net VEX-166.1K-195.9K-137.6K-141.6K-144.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.313.351.910.95
Total Volume83,834.90923,956245,52424,38458,044
Total OI1,153,309.636968,1561,493,196968,1561,415,344

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$0.94$1.0095.1%23.5%65.2%55.5%72.7%11.3%0.5%27.7K19.6M-141.6K1.9160.16N/AN/A8,37216,012488,328479,828
2020-03-03$0.91$1.00104.5%21.3%64.8%64.5%75.3%-8.5%5.8%21.8K19.8M-137.6K0.9249.88N/AN/A25,75623,696493,512486,436
2020-03-04$0.93$1.0082.3%22.2%62.9%43.2%77.0%4.6%11.7%29.8K21.0M-138.2K0.6860.55N/AN/A14,2249,732507,844496,148
2020-03-05$0.97$1.5099.2%30.0%64.9%59.4%101.3%70.0%26.9%50.0K19.0M-152.8K0.3119.07N/AN/A29,7689,364515,168499,528
2020-03-06$0.97$1.50107.5%31.5%64.9%67.4%107.0%42.4%-5.1%50.3K18.3M-155.3K0.4913.38N/AN/A26,33212,980512,076501,060
2020-03-09$0.94$1.50120.0%34.6%59.0%79.4%118.6%23.1%3.4%41.2K18.8M-147.1K0.6014.54N/AN/A29,94418,092512,584496,700
2020-03-10$1.03$1.50124.0%33.2%66.6%83.2%110.1%13.1%-8.6%89.6K17.7M-157.3K0.4312.30N/AN/A36,75615,972527,504505,520
2020-03-11$1.03$1.5092.2%33.4%65.8%52.7%115.7%54.3%72.1%98.5K16.7M-162.3K0.3216.96N/AN/A44,38414,224543,508513,868
2020-03-12$1.00$1.50107.0%37.9%63.7%66.9%127.3%13.2%127.3%58.9K18.1M-156.2K1.1247.77N/AN/A24,17627,044567,180519,336
2020-03-13$1.12$1.50142.5%40.4%74.4%100.0%141.8%24.6%-10.9%263.2K9.7M-191.9K0.4738.11N/AN/A81,55238,724574,456518,772
2020-03-16$1.07$1.50151.3%42.6%75.9%100.0%155.6%18.4%-1.6%116.8K11.5M-189.5K0.5852.76N/AN/A46,95627,356584,660524,604
2020-03-17$1.05$1.50148.9%42.3%76.3%97.8%150.1%28.7%-6.4%108.1K12.8M-182.4K0.5356.97N/AN/A22,41211,932597,856522,788
2020-03-18$0.92$1.50190.8%54.7%88.7%100.0%198.5%38.4%-26.5%19.7K15.3M-162.4K1.2635.42N/AN/A53,81667,804600,088525,124
2020-03-19$1.03$1.50187.7%54.7%99.0%97.9%145.4%54.8%-19.4%154.5K10.5M-184.0K1.6649.44N/AN/A36,86461,372629,236538,144
2020-03-20$0.93$1.50197.7%57.2%105.9%100.0%224.9%42.0%-2.6%18.1K15.3M-168.6K3.3540.24N/AN/A24,82883,252642,092574,496
2020-03-23$0.96$1.50214.2%57.7%102.1%100.0%234.5%33.8%-10.2%4.7K16.9M-166.4K1.9434.56N/AN/A39,53276,864568,216595,040
2020-03-24$1.04$1.50165.5%53.9%105.1%72.5%186.3%58.2%24.8%39.4K16.7M-174.7K0.8844.98N/AN/A60,28453,304597,276638,100
2020-03-25$1.07$1.50178.4%50.0%102.9%79.7%208.4%43.0%11.5%78.9K13.8M-195.9K1.2033.13N/AN/A34,94042,092641,356668,380
2020-03-26$1.11$1.50181.6%54.2%103.2%81.6%176.9%153.4%29.5%157.7K15.7M-194.2K0.4633.38N/AN/A167,79677,728665,280698,856
2020-03-27$1.07$1.50146.1%41.5%104.3%61.5%148.5%45.6%-0.4%18.8K18.1M-195.0K1.0325.72N/AN/A87,12489,584738,308754,888
2020-03-30$0.92$1.50135.6%42.3%118.7%55.6%146.4%39.6%11.3%-41.8K25.3M-156.0K0.9122.55N/AN/A59,23654,144668,612724,712
2020-03-31$0.89$1.50123.7%35.5%118.9%48.9%121.8%76.0%0.2%-67.7K26.7M-144.2K0.9518.77N/AN/A29,70828,336679,416735,928