GME Options History — September 2020

In September 2020, GME traded between $1.52 and $2.67. ATM implied volatility averaged 137.5%, placing in the 52.3% IV rank vs the trailing year. The 30-day expected move averaged 38.5%. IV traded above realized volatility by 5.2% (HV 20d: 132.3%). Max pain ranged from $1.75 to $2.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2020-09-10: Highest Volume — 503,920 contracts
  • 2020-09-02: Largest IV spike — 58.2% change
  • 2020-09-02: Highest IV Rank — 87.9%
  • 2020-09-02: Largest Expected Move — 54.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.13$1.52$2.67$1.95$2.54
Max Pain$1.98$1.75$2.00$1.75$2.00
ATM IV137.5%97.8%197.7%125.0%106.5%
Expected Move38.5%26.4%54.3%51.2%29.4%
HV 20d132.3%94.8%168.9%100.6%147.1%
HV 60d91.1%72.6%106.5%83.4%105.8%
IV Rank52.3%28.8%87.9%44.9%33.9%
IV Percentile75.5%55.2%98.0%71.4%56.0%
Term Structure0.1%-36.3%25.8%17.2%25.8%
VWIV141.4%104.7%192.3%177.9%112.1%
Skew 25d-7.3%-39.1%77.1%-29.4%-29.9%
Skew 10d-21.4%-76.4%120.3%-22.0%-54.7%
Call IV 25d137.8%62.4%180.3%180.3%141.7%
Put IV 25d130.6%97.8%174.9%150.9%111.7%
Bid-Ask Spread %22.349.8746.2519.0430.12
Gamma HHI0.110.070.300.070.08
Net GEX331.5K-391.7K1.4M145.6K813.4K
Net DEX-77.5M-144.9M3.9M-71.9M-113.1M
Net VEX-560.1K-647.5K-421.8K-480.0K-632.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.191.990.530.30
Total Volume261,302.28699,384503,920294,560109,816
Total OI2,191,936.3811,886,3122,463,0281,886,3122,276,072

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$1.95$1.75125.0%51.2%100.6%44.9%177.9%-29.4%17.2%145.6K-71.9M-480.0K0.5319.04N/AN/A192,128102,432918,376967,936
2020-09-02$1.91$1.75197.7%54.3%102.0%87.9%192.3%77.1%22.1%167.3K-70.4M-503.5K0.6117.80N/AN/A111,82068,532990,2521,034,324
2020-09-03$1.93$2.00175.2%42.4%99.5%74.6%149.8%-8.1%-36.3%134.8K-69.5M-510.3K1.9946.25N/AN/A111,500221,4441,005,2401,074,480
2020-09-04$1.92$2.00179.2%42.7%94.8%77.0%150.3%71.0%-19.3%-15.9K-66.3M-521.5K0.3636.98N/AN/A73,30426,0801,030,3481,117,852
2020-09-08$1.93$2.00168.5%47.2%95.0%70.6%167.2%9.0%8.7%-14.0K-61.5M-520.2K0.7022.94N/AN/A105,03273,472942,6161,061,208
2020-09-09$1.86$2.00171.6%45.4%97.1%72.5%159.4%-39.1%-12.6%-11.1K-53.6M-505.4K0.9326.03N/AN/A136,240127,216988,2401,089,792
2020-09-10$1.56$2.00117.1%31.0%120.8%40.2%115.2%7.8%-19.5%-391.7K-4.4M-421.8K1.3418.58N/AN/A215,756288,1641,048,9201,164,092
2020-09-11$1.52$2.0098.3%26.4%121.8%29.0%104.7%13.4%-5.5%-340.9K3.9M-437.1K0.8011.08N/AN/A106,20085,2361,066,7361,194,980
2020-09-14$1.72$2.00107.4%30.0%127.7%34.4%114.9%-14.8%9.8%-38.8K-24.4M-497.6K0.3510.38N/AN/A180,46063,060986,9881,145,196
2020-09-15$1.75$2.0097.8%27.9%127.0%28.8%110.3%-17.8%-3.0%201.0K-30.7M-495.8K0.3711.45N/AN/A109,85240,2001,067,9721,167,696
2020-09-16$2.15$2.00141.2%40.5%142.6%54.5%144.5%-36.3%-5.5%324.3K-94.0M-578.5K0.2614.38N/AN/A353,58890,5041,096,0361,176,076
2020-09-17$2.28$2.00145.3%42.5%141.5%56.9%161.8%-34.8%-7.7%515.6K-103.7M-615.4K0.2719.20N/AN/A326,25689,2121,140,2481,210,156
2020-09-18$2.35$2.00128.1%37.7%140.3%46.7%142.9%-24.9%-8.3%380.9K-116.2M-626.6K0.199.87N/AN/A322,59659,9281,216,6801,246,348
2020-09-21$2.17$2.00138.4%38.6%144.7%52.8%147.2%-12.2%-3.8%416.5K-74.0M-594.3K0.4822.23N/AN/A194,73293,4281,092,1561,066,340
2020-09-22$2.67$2.00151.3%42.0%156.1%60.5%149.5%-6.2%-4.7%733.7K-144.9M-647.5K0.2715.53N/AN/A356,35696,2321,116,0761,107,024
2020-09-23$2.52$2.00133.2%37.9%159.6%49.7%142.9%-15.7%-1.1%722.5K-112.7M-632.8K0.3517.16N/AN/A187,07265,4121,104,0041,128,440
2020-09-24$2.29$2.00119.4%32.9%166.7%41.5%131.1%-13.7%21.6%413.1K-76.0M-612.3K0.3925.74N/AN/A143,41656,0441,119,9641,151,940
2020-09-25$2.52$2.00129.6%37.7%168.4%47.6%138.9%-7.2%15.8%1.4M-112.8M-642.8K0.2524.24N/AN/A162,54440,3961,164,9121,158,360
2020-09-28$2.51$2.00136.7%38.0%168.9%51.8%142.4%-18.1%4.9%563.9K-107.5M-639.5K0.2931.30N/AN/A123,40035,9401,069,2321,100,224
2020-09-29$2.59$2.00120.2%32.5%155.8%42.0%114.9%-22.5%3.4%847.0K-124.2M-647.0K0.4838.83N/AN/A96,16846,1801,111,1401,115,992
2020-09-30$2.54$2.00106.5%29.4%147.1%33.9%112.1%-29.9%25.8%813.4K-113.1M-632.1K0.3030.12N/AN/A84,17625,6401,130,9081,145,164