GME Options History — January 2021

In January 2021, GME traded between $4.34 and $84.57. ATM implied volatility averaged 177.9%, placing in the 63.1% IV rank vs the trailing year. The 30-day expected move averaged 50.0%. IV traded below realized volatility by 38.8% (HV 20d: 216.6%). Max pain ranged from $5.00 to $15.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.06.

Notable Days

2021-01-22: Highest Volume — 8,091,760 contracts
2021-01-25: Largest IV spike — 47.6% change
2021-01-22: Highest IV Rank — 100.0%
2021-01-25: Largest Expected Move — 107.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.10	$4.34	$84.57	$4.34	$79.87
Max Pain	$7.38	$5.00	$15.00	$5.25	$15.00
ATM IV	177.9%	118.8%	357.5%	136.0%	195.8%
Expected Move	50.0%	35.0%	107.9%	38.7%	107.9%
HV 20d	216.6%	107.7%	441.3%	131.2%	441.3%
HV 60d	157.7%	104.8%	282.0%	122.5%	282.0%
IV Rank	63.1%	41.2%	100.0%	51.4%	47.6%
IV Percentile	78.3%	38.9%	100.0%	59.9%	95.6%
Term Structure	7.5%	-23.4%	184.6%	7.2%	184.6%
VWIV	177.1%	126.1%	369.9%	136.8%	193.0%
Skew 25d	-26.9%	-197.7%	16.7%	-5.0%	-197.7%
Skew 10d	-28.7%	-197.7%	19.2%	-25.2%	-197.7%
Call IV 25d	200.8%	127.9%	383.1%	142.8%	383.1%
Put IV 25d	173.9%	114.1%	335.9%	137.8%	185.4%
Bid-Ask Spread %	10.94	3.33	24.52	15.62	5.18
Gamma HHI	0.19	0.05	0.97	0.10	0.97
Net GEX	16.3M	-721.9K	265.7M	-489.2K	265.7M
Net DEX	-2.37B	-14.11B	-55.4M	-62.5M	-9.19B
Net VEX	-1.4M	-2.0M	-1.0M	-1.1M	-2.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.06	0.29	3.42	0.65	2.18
Total Volume	2,467,892.842	195,252	8,091,760	380,184	3,267,724
Total OI	3,995,820.421	2,264,956	8,192,884	3,084,280	8,192,884

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-01-04	$4.34	$5.25	136.0%	38.7%	131.2%	51.4%	136.8%	-5.0%	7.2%	-489.2K	-62.5M	-1.1M	0.65	15.62	N/A	N/A	230,676	149,508	1,449,240	1,635,040
2021-01-05	$4.38	$5.25	127.9%	38.4%	130.0%	46.6%	133.8%	-22.8%	2.4%	-617.1K	-58.7M	-1.1M	0.40	17.59	N/A	N/A	138,988	56,264	1,501,600	1,683,568
2021-01-06	$4.59	$5.00	127.3%	36.4%	130.5%	46.2%	130.5%	-7.2%	-8.9%	-296.6K	-100.8M	-1.1M	0.42	24.52	N/A	N/A	218,008	91,084	1,538,656	1,702,132
2021-01-07	$4.55	$5.00	127.3%	36.8%	130.5%	46.2%	130.4%	-12.2%	0.6%	-118.0K	-95.1M	-1.1M	0.42	18.29	N/A	N/A	168,916	70,400	1,574,020	1,723,928
2021-01-08	$4.43	$5.00	118.8%	36.0%	107.7%	41.2%	126.1%	-17.1%	8.9%	-721.9K	-55.4M	-1.1M	0.57	22.95	N/A	N/A	248,052	141,316	1,614,040	1,747,304
2021-01-11	$4.93	$5.00	126.2%	36.7%	112.8%	45.6%	133.4%	-16.9%	12.5%	-185.4K	-185.1M	-1.1M	0.29	13.33	N/A	N/A	465,672	135,728	1,494,976	1,682,220
2021-01-12	$5.01	$5.00	128.0%	35.0%	109.1%	46.6%	127.8%	-3.2%	-1.9%	80.0K	-169.4M	-1.1M	0.39	15.68	N/A	N/A	207,148	81,160	1,566,984	1,724,192
2021-01-13	$8.00	$5.00	179.6%	47.7%	190.7%	77.2%	166.3%	11.2%	-17.5%	2.7M	-970.9M	-1.2M	0.57	13.48	N/A	N/A	2,294,896	1,315,360	1,588,632	1,740,396
2021-01-14	$9.89	$5.50	200.0%	55.0%	199.4%	89.3%	191.4%	-6.0%	-10.7%	4.9M	-1.28B	-1.2M	0.68	7.57	N/A	N/A	1,711,508	1,163,172	1,607,740	2,149,688
2021-01-15	$8.96	$6.00	195.4%	53.7%	205.6%	86.6%	188.9%	-23.2%	-12.1%	2.6M	-914.2M	-1.4M	0.74	6.29	N/A	N/A	1,212,800	896,268	1,760,896	2,484,696
2021-01-19	$9.80	$6.25	196.3%	55.9%	205.9%	87.1%	198.1%	-11.9%	-6.0%	2.6M	-635.4M	-1.5M	0.85	3.64	N/A	N/A	1,076,092	912,320	1,116,140	1,148,816
2021-01-20	$9.77	$7.50	182.2%	52.2%	206.7%	78.8%	184.3%	-7.3%	-3.9%	1.8M	-557.1M	-1.8M	0.84	3.33	N/A	N/A	690,368	579,300	1,272,648	1,482,636
2021-01-21	$10.58	$7.50	170.9%	49.1%	206.5%	72.1%	173.8%	-3.3%	-1.1%	4.3M	-732.1M	-1.9M	0.83	3.51	N/A	N/A	1,023,164	846,492	1,396,412	1,618,532
2021-01-22	$15.17	$7.50	242.3%	70.6%	227.8%	100.0%	248.7%	-7.3%	-10.7%	24.4M	-1.94B	-1.8M	1.11	5.62	N/A	N/A	3,839,156	4,252,604	1,585,016	1,803,360
2021-01-25	$20.04	$8.75	357.5%	107.9%	241.1%	100.0%	369.9%	16.7%	-23.4%	26.4K	-2.21B	-2.0M	1.78	10.74	N/A	N/A	1,950,764	3,474,308	1,288,584	2,139,024
2021-01-26	$36.33	$10.00	195.2%	0.0%	301.2%	47.4%	193.0%	1.2%	184.6%	1.5M	-5.31B	-1.5M	1.06	10.34	N/A	N/A	2,544,208	2,689,660	1,544,760	3,433,420
2021-01-27	$84.57	$12.00	182.6%	0.0%	400.0%	43.3%	0.0%	-184.1%	0.0%	285.4K	-14.11B	-1.0M	3.42	3.59	N/A	N/A	1,332,188	4,561,700	1,687,168	4,516,940
2021-01-28	$56.72	$13.75	190.1%	0.0%	437.8%	45.7%	0.0%	-15.3%	0.0%	1.4M	-6.42B	-1.4M	2.90	6.69	N/A	N/A	730,948	2,122,044	1,385,580	6,338,720
2021-01-29	$79.87	$15.00	195.8%	0.0%	441.3%	47.6%	0.0%	-197.7%	0.0%	265.7M	-9.19B	-2.0M	2.18	5.18	N/A	N/A	1,029,168	2,238,556	1,353,216	6,839,668