GME Options History — March 2021

In March 2021, GME traded between $29.11 and $67.84. ATM implied volatility averaged 306.9%, placing in the 80.7% IV rank vs the trailing year. The 30-day expected move averaged 87.2%. IV traded below realized volatility by 22.9% (HV 20d: 329.8%). Max pain ranged from $17.50 to $28.75. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 1.32.

Notable Days

  • 2021-03-04: Highest Volume — 3,531,440 contracts
  • 2021-03-02: Largest IV spike — 26.6% change
  • 2021-03-10: Highest IV Rank — 99.9%
  • 2021-03-02: Largest Expected Move — 107.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.22$29.11$67.84$29.84$47.70
Max Pain$23.80$17.50$28.75$23.75$28.75
ATM IV306.9%219.4%373.5%290.4%219.4%
Expected Move87.2%60.9%107.6%107.6%60.9%
HV 20d329.8%266.8%497.9%497.9%267.3%
HV 60d412.7%404.8%426.3%404.9%425.0%
IV Rank80.7%55.5%99.9%75.9%55.5%
IV Percentile94.5%86.9%99.6%97.6%86.9%
Term Structure-2.5%-18.6%173.7%173.7%-0.8%
VWIV313.1%229.9%361.0%334.7%229.9%
Skew 25d-13.4%-52.8%0.3%-27.9%-7.8%
Skew 10d-19.9%-74.9%18.4%-58.2%-24.1%
Call IV 25d324.2%229.1%396.0%386.9%229.1%
Put IV 25d310.8%221.3%375.2%359.1%221.3%
Bid-Ask Spread %7.893.6216.005.249.02
Gamma HHI0.050.030.110.040.03
Net GEX6.9M-6.9M23.8M2.2M8.6M
Net DEX-2.87B-6.25B-327.1M-1.74B-1.81B
Net VEX-8.2M-11.4M-6.3M-6.4M-7.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.495.240.990.79
Total Volume1,578,686.957638,5523,531,4401,500,548681,008
Total OI7,371,758.2615,976,7168,769,6087,263,1286,477,220

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$29.84$23.75290.4%0.0%497.9%75.9%334.7%-27.9%173.7%2.2M-1.74B-6.4M0.995.24N/AN/A754,424746,1241,618,9045,644,224
2021-03-02$29.11$23.75367.6%107.6%483.5%98.2%361.0%-36.9%-18.6%2.9M-1.70B-6.6M1.694.63N/AN/A594,3561,003,0761,744,1645,786,036
2021-03-03$31.02$23.75328.8%90.0%374.6%87.0%319.3%-34.4%-13.9%4.9M-1.88B-6.6M5.247.29N/AN/A453,1722,373,1001,821,6685,931,512
2021-03-04$33.87$17.50345.7%93.4%375.4%91.9%330.8%-41.8%-14.7%7.0M-2.39B-7.2M3.177.35N/AN/A847,2362,684,2041,881,5045,989,684
2021-03-05$34.42$17.50326.0%90.2%315.9%86.2%323.2%-52.8%-11.6%10.3M-2.40B-6.8M0.4916.00N/AN/A964,720476,0681,974,1965,994,572
2021-03-08$48.24$17.50356.1%97.1%330.4%94.9%345.6%-16.6%-13.5%10.8M-3.80B-8.3M0.625.32N/AN/A1,267,648787,2841,508,5805,428,036
2021-03-09$60.96$20.00335.2%92.0%330.4%88.8%326.6%-7.3%-11.9%18.6M-5.62B-9.6M0.885.78N/AN/A809,736715,3561,684,3125,667,988
2021-03-10$66.86$21.25373.5%102.3%316.8%99.9%359.9%-1.9%-15.3%21.5M-6.25B-8.8M0.966.05N/AN/A1,569,7521,510,2481,748,3885,928,372
2021-03-11$65.93$25.00360.3%98.8%318.6%96.1%347.8%-11.8%-17.6%14.6M-5.68B-9.7M1.048.61N/AN/A801,776831,1681,910,1406,417,920
2021-03-12$67.84$25.00340.0%94.5%317.7%90.2%339.1%-8.8%-16.3%23.8M-6.11B-11.4M0.639.15N/AN/A1,204,236759,8842,042,4926,727,116
2021-03-15$56.43$25.00345.5%97.7%330.8%91.8%342.7%0.3%-14.1%6.3M-3.72B-9.1M1.448.84N/AN/A466,020673,0561,560,0886,132,984
2021-03-16$53.08$25.00339.4%96.9%331.8%90.1%341.5%-4.2%-16.2%3.1M-3.21B-8.9M1.199.34N/AN/A682,020809,0001,651,5446,332,188
2021-03-17$51.66$25.00311.9%89.4%329.6%82.1%318.1%-3.0%-9.8%4.1M-3.04B-9.4M0.868.80N/AN/A412,388353,5961,682,5686,474,456
2021-03-18$49.44$25.00290.9%83.8%324.9%76.1%303.6%-1.2%-9.5%1.9M-2.65B-9.1M1.167.95N/AN/A453,896528,1961,757,3286,520,104
2021-03-19$50.60$25.00276.9%80.0%323.7%72.0%291.6%-13.4%-4.7%523.2K-2.75B-8.8M0.673.96N/AN/A959,052644,3561,802,6806,607,788
2021-03-22$48.07$25.00276.5%80.9%326.8%71.9%294.3%-12.7%-7.1%3.9M-1.98B-8.3M1.693.62N/AN/A237,520401,0321,106,3404,870,376
2021-03-23$46.48$25.00293.2%86.7%327.6%76.7%308.6%-2.0%-8.6%-249.2K-1.70B-7.8M1.8810.13N/AN/A303,020569,4681,160,2165,008,820
2021-03-24$30.85$25.00259.1%76.3%271.9%66.9%280.0%-0.3%-7.3%-6.9M-327.1M-6.3M1.279.36N/AN/A669,068846,4801,272,2125,252,900
2021-03-25$44.93$25.00270.3%80.6%283.4%70.1%293.9%-5.7%-5.7%2.7M-1.75B-7.8M0.808.21N/AN/A1,090,708873,6961,370,4965,402,584
2021-03-26$44.47$25.00260.1%75.5%271.6%67.2%278.9%-5.5%-5.2%7.9M-1.79B-7.9M0.757.79N/AN/A1,120,152841,5641,566,1205,563,052
2021-03-29$45.21$26.25254.1%74.7%266.8%65.5%275.9%-4.8%-6.2%3.4M-1.69B-7.8M1.386.94N/AN/A280,316387,1961,182,5485,009,740
2021-03-30$49.02$27.50237.0%68.4%267.1%60.6%255.0%-8.8%-3.2%7.7M-2.06B-8.0M0.8712.01N/AN/A466,412407,0121,251,7885,084,492
2021-03-31$47.70$28.75219.4%60.9%267.3%55.5%229.9%-7.8%-0.8%8.6M-1.81B-7.7M0.799.02N/AN/A380,192300,8161,315,6445,161,576