GME Options History — May 2020

In May 2020, GME traded between $1.02 and $1.52. ATM implied volatility averaged 150.1%, placing in the 63.8% IV rank vs the trailing year. The 30-day expected move averaged 44.6%. IV traded above realized volatility by 15.5% (HV 20d: 134.6%). Max pain ranged from $1.25 to $1.75. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.47.

Notable Days

  • 2020-05-12: Highest Volume — 166,000 contracts
  • 2020-05-08: Largest IV spike — 14.0% change
  • 2020-05-14: Highest IV Rank — 69.3%
  • 2020-05-04: Largest Expected Move — 46.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.17$1.02$1.52$1.52$1.03
Max Pain$1.45$1.25$1.75$1.75$1.50
ATM IV150.1%135.3%159.9%149.2%146.8%
Expected Move44.6%42.2%46.7%43.7%44.5%
HV 20d134.6%81.9%181.7%172.5%82.9%
HV 60d135.3%132.5%137.1%132.5%137.1%
IV Rank63.8%55.4%69.3%63.2%61.9%
IV Percentile91.3%86.9%94.4%93.3%86.9%
Term Structure-0.6%-19.1%30.6%12.3%-8.1%
VWIV151.0%97.2%160.5%155.3%153.5%
Skew 25d5.5%-14.5%22.0%11.3%3.2%
Skew 10d16.9%-18.4%64.9%4.0%27.4%
Call IV 25d148.3%126.0%163.0%137.4%146.9%
Put IV 25d153.8%141.1%169.1%148.7%150.1%
Bid-Ask Spread %15.778.1832.399.0421.21
Gamma HHI0.180.130.350.310.17
Net GEX116.1K-10.6K399.8K399.8K86.5K
Net DEX10.9M-11.3M23.5M-11.3M14.1M
Net VEX-225.9K-262.3K-200.9K-262.3K-207.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.230.810.430.30
Total Volume66,716.430,072166,000138,33647,976
Total OI1,487,906.61,319,5481,642,0081,542,8841,473,752

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$1.52$1.75149.2%43.7%172.5%63.2%155.3%11.3%12.3%399.8K-11.3M-262.3K0.439.04N/AN/A96,96041,376772,072770,812
2020-05-04$1.36$1.25151.2%46.7%178.6%64.4%160.5%10.8%-0.2%98.9K2.9M-254.6K0.4312.73N/AN/A63,83227,304747,268710,924
2020-05-05$1.35$1.25135.3%44.3%177.7%55.4%152.7%12.1%30.6%109.6K4.6M-247.1K0.4111.19N/AN/A26,64810,836784,784733,820
2020-05-06$1.24$1.25140.1%43.8%181.5%58.1%151.5%22.0%1.1%2.5K14.7M-226.0K0.4810.44N/AN/A32,14415,564791,512738,048
2020-05-07$1.22$1.25137.3%44.1%181.7%56.5%151.6%16.0%13.7%8.5K15.2M-223.2K0.4910.38N/AN/A67,46433,200799,648740,084
2020-05-08$1.25$1.25156.5%45.1%175.1%67.4%153.1%-14.5%12.5%276.0K12.4M-235.5K0.579.43N/AN/A57,32432,856834,344761,936
2020-05-11$1.20$1.50149.6%44.6%168.0%63.5%151.2%15.7%13.9%63.2K14.4M-225.2K0.679.15N/AN/A36,16024,108789,896723,036
2020-05-12$1.14$1.50159.3%43.4%142.8%69.0%97.2%-6.5%-19.1%40.2K17.1M-220.8K0.6710.21N/AN/A99,16866,832806,612729,536
2020-05-13$1.04$1.50144.8%44.4%141.4%60.8%156.5%-12.3%6.2%-10.6K22.3M-207.0K0.5311.69N/AN/A35,06418,496844,384749,736
2020-05-14$1.02$1.50159.9%45.0%140.0%69.3%154.4%-0.6%-3.7%-1.8K23.5M-200.9K0.818.18N/AN/A32,73226,460860,068756,980
2020-05-15$1.06$1.50156.8%44.3%140.1%67.6%152.4%1.8%-9.2%36.6K20.9M-212.6K0.2916.82N/AN/A29,5568,676878,240763,768
2020-05-18$1.15$1.50156.6%44.7%124.3%67.4%153.7%20.5%-7.4%73.8K8.2M-224.9K0.2327.72N/AN/A41,0529,552692,360627,188
2020-05-19$1.14$1.50158.1%45.5%108.4%68.3%154.7%13.6%-5.1%135.6K6.9M-227.6K0.5523.51N/AN/A23,31212,808723,928629,740
2020-05-20$1.10$1.50151.9%43.5%108.7%64.8%153.6%-0.0%-5.5%129.1K8.8M-222.0K0.5032.39N/AN/A31,04015,660739,680638,944
2020-05-21$1.11$1.50151.5%43.8%108.3%64.6%155.3%5.1%-12.4%147.3K7.1M-229.3K0.3720.76N/AN/A42,04415,704761,560652,384
2020-05-22$1.05$1.50145.2%42.2%109.2%61.0%149.0%9.7%-6.0%68.7K11.2M-212.8K0.3214.15N/AN/A45,06014,604778,760652,504
2020-05-26$1.11$1.50151.2%46.6%83.7%64.4%158.2%2.9%-4.1%122.5K8.8M-223.6K0.4120.09N/AN/A48,28019,876760,276638,724
2020-05-27$1.16$1.50152.7%45.9%85.9%65.3%150.2%5.9%-7.6%289.6K6.5M-231.5K0.2716.39N/AN/A43,10411,424790,964649,064
2020-05-28$1.09$1.50148.9%45.3%81.9%63.1%155.2%-5.7%-13.9%246.8K9.7M-223.0K0.5720.01N/AN/A19,16810,904804,112656,684
2020-05-29$1.03$1.50146.8%44.5%82.9%61.9%153.5%3.2%-8.1%86.5K14.1M-207.2K0.3021.21N/AN/A36,85611,120812,032661,720