GME Options History — April 2020

In April 2020, GME traded between $0.70 and $1.52. ATM implied volatility averaged 152.3%, placing in the 65.0% IV rank vs the trailing year. The 30-day expected move averaged 44.5%. IV traded below realized volatility by 10.7% (HV 20d: 163.0%). Max pain ranged from $0.88 to $1.75. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.00.

Notable Days

  • 2020-04-14: Highest Volume — 334,808 contracts
  • 2020-04-14: Largest IV spike — 24.4% change
  • 2020-04-14: Highest IV Rank — 91.0%
  • 2020-04-15: Largest Expected Move — 56.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.15$0.70$1.52$0.81$1.47
Max Pain$1.31$0.88$1.75$1.50$1.75
ATM IV152.3%129.2%198.3%131.1%133.3%
Expected Move44.5%34.8%56.8%34.8%41.9%
HV 20d163.0%122.2%195.8%122.2%182.6%
HV 60d112.0%87.0%132.4%87.0%132.4%
IV Rank65.0%52.0%91.0%53.0%54.3%
IV Percentile94.4%88.9%99.6%93.7%88.9%
Term Structure-2.6%-21.1%23.6%-21.1%18.4%
VWIV156.1%128.3%203.0%128.3%149.2%
Skew 25d13.4%-4.7%36.3%25.7%6.4%
Skew 10d35.2%-6.3%93.5%92.3%7.2%
Call IV 25d148.0%103.3%201.7%118.8%130.9%
Put IV 25d161.5%132.3%211.6%144.5%137.4%
Bid-Ask Spread %16.728.9140.9121.7420.69
Gamma HHI0.160.130.230.170.15
Net GEX71.7K-122.1K221.6K-78.2K181.6K
Net DEX6.6M-25.6M28.0M27.6M-5.5M
Net VEX-207.3K-276.8K-107.9K-128.7K-252.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.522.851.260.58
Total Volume128,152.95247,412334,808110,29696,420
Total OI1,462,645.9051,217,8481,725,1401,414,4801,516,408

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$0.81$1.50131.1%34.8%122.2%53.0%128.3%25.7%-21.1%-78.2K27.6M-128.7K1.2621.74N/AN/A48,72861,568686,876727,604
2020-04-02$0.71$1.13135.8%35.3%128.4%55.7%128.4%21.6%-15.5%-122.1K26.7M-125.0K1.9811.11N/AN/A29,41258,264712,396750,176
2020-04-03$0.70$1.13129.2%38.8%128.2%52.0%142.0%29.2%-6.7%-67.0K28.0M-107.9K2.8523.76N/AN/A25,70073,328731,676753,152
2020-04-06$0.77$0.88129.7%39.8%134.0%52.3%138.6%29.0%23.6%-46.4K24.8M-127.6K0.9814.22N/AN/A41,39240,616700,632733,196
2020-04-07$0.83$0.88131.8%38.1%133.0%53.5%135.4%-1.1%5.6%-13.6K22.9M-146.2K0.5818.28N/AN/A54,74031,616722,788736,940
2020-04-08$0.86$0.88132.0%39.9%133.9%53.5%140.4%-4.7%15.5%38.8K20.9M-157.6K0.7626.23N/AN/A39,44029,984753,492739,064
2020-04-09$1.00$0.88144.7%41.9%144.7%60.7%146.2%36.3%2.1%112.6K15.5M-184.7K1.0840.91N/AN/A51,43255,628758,000741,588
2020-04-13$1.16$1.00159.4%46.2%149.3%69.0%157.4%10.5%-16.5%196.5K5.7M-215.0K1.1517.33N/AN/A62,32071,540756,552719,052
2020-04-14$1.48$1.00198.3%56.3%170.7%91.0%203.0%9.9%-10.9%195.6K-25.6M-276.8K0.658.91N/AN/A202,828131,980781,668741,364
2020-04-15$1.33$1.00198.2%56.8%175.8%91.0%194.7%11.3%-7.5%196.9K-5.5M-255.9K0.909.69N/AN/A137,508123,216808,876820,080
2020-04-16$1.24$1.50184.3%53.3%170.4%83.1%185.8%-1.1%-20.8%197.0K9.1M-237.3K1.1312.43N/AN/A37,80442,796849,792859,096
2020-04-17$1.19$1.50170.1%49.2%167.1%75.1%172.0%3.4%-0.5%48.6K14.6M-222.5K1.3518.10N/AN/A58,72479,468850,028875,112
2020-04-20$1.44$1.50173.1%50.6%173.4%76.8%173.6%31.2%-16.9%116.5K-14.2M-260.8K0.6123.81N/AN/A81,26049,476618,092599,756
2020-04-21$1.21$1.50170.5%49.7%186.8%75.3%174.0%16.7%-7.8%44.1K1.2M-233.8K1.3715.16N/AN/A50,02868,616659,444631,592
2020-04-22$1.22$1.50165.7%47.3%184.8%72.6%151.3%2.9%-9.2%34.8K1.9M-234.4K0.5611.83N/AN/A67,16437,816679,568659,756
2020-04-23$1.18$1.50147.4%43.7%185.2%62.2%149.5%7.1%-7.0%-4627.6M-219.6K0.7611.34N/AN/A49,36837,652716,560680,596
2020-04-24$1.21$1.50135.3%39.6%185.0%55.4%137.3%-3.2%-5.7%19.5K7.9M-218.0K0.5213.02N/AN/A31,28816,124734,928699,272
2020-04-27$1.47$1.50145.1%45.5%195.8%60.9%161.8%10.7%5.8%121.9K-10.2M-255.9K0.5910.98N/AN/A147,27687,068653,772634,720
2020-04-28$1.42$1.75150.8%43.8%185.9%64.2%157.7%19.8%1.4%107.8K-2.9M-245.3K0.709.96N/AN/A108,76876,244703,460714,588
2020-04-29$1.52$1.75132.4%42.7%185.6%53.7%151.4%20.6%19.5%221.6K-12.1M-247.5K0.6011.57N/AN/A60,50836,104755,812748,040
2020-04-30$1.47$1.75133.3%41.9%182.6%54.3%149.2%6.4%18.4%181.6K-5.5M-252.8K0.5820.69N/AN/A61,00835,412757,952758,456