GME Options History — January 2022

In January 2022, GME traded between $23.46 and $38.13. ATM implied volatility averaged 110.1%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 31.8%. IV traded above realized volatility by 31.5% (HV 20d: 78.6%). Max pain ranged from $32.50 to $41.25. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.75.

Notable Days

2022-01-07: Highest Volume — 1,077,688 contracts
2022-01-05: Largest IV spike — 15.5% change
2022-01-24: Highest IV Rank — 29.0%
2022-01-25: Largest Expected Move — 38.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.42	$23.46	$38.13	$38.13	$26.94
Max Pain	$37.19	$32.50	$41.25	$37.50	$32.50
ATM IV	110.1%	86.0%	127.4%	86.0%	115.2%
Expected Move	31.8%	22.4%	38.0%	22.4%	33.8%
HV 20d	78.6%	64.9%	95.5%	86.9%	92.8%
HV 60d	81.2%	75.4%	85.9%	75.4%	85.9%
IV Rank	24.0%	17.0%	29.0%	17.0%	25.4%
IV Percentile	42.1%	11.5%	61.9%	11.5%	51.2%
Term Structure	-1.0%	-6.6%	5.5%	-0.3%	-2.0%
VWIV	128.6%	88.6%	152.4%	88.6%	136.2%
Skew 25d	-14.0%	-22.7%	-4.3%	-10.8%	-16.2%
Skew 10d	-34.0%	-54.3%	-16.3%	-22.9%	-31.1%
Call IV 25d	128.5%	98.7%	142.5%	98.7%	133.0%
Put IV 25d	114.5%	87.9%	136.1%	87.9%	116.8%
Bid-Ask Spread %	12.90	7.47	23.99	23.99	13.15
Gamma HHI	0.05	0.03	0.15	0.03	0.03
Net GEX	-822.6K	-8.8M	4.7M	2.4M	4.7M
Net DEX	-16.0M	-265.5M	234.7M	-265.5M	-204.3M
Net VEX	-3.5M	-3.9M	-3.2M	-3.7M	-3.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.41	1.08	0.41	0.72
Total Volume	445,983.8	222,712	1,077,688	236,584	346,096
Total OI	2,707,214.4	1,552,368	3,462,784	2,678,648	1,657,080

Daily Data (20 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
2022-01-03	$38.13	$37.50	86.0%	22.4%	86.9%	17.0%	88.6%	-10.8%	-0.3%	2.4M	-265.5M	-3.7M	0.41	23.99	N/A	N/A	167,400	69,184	924,232	1,754,416
2022-01-04	$37.40	$37.50	88.0%	24.0%	87.0%	17.6%	91.4%	-13.6%	0.1%	1.9M	-207.6M	-3.5M	0.63	22.17	N/A	N/A	136,596	86,116	982,692	1,772,268
2022-01-05	$32.76	$37.50	101.7%	30.2%	95.4%	21.5%	116.9%	-17.6%	-2.9%	-2.9M	4.6M	-3.4M	1.01	23.35	N/A	N/A	167,908	169,284	1,025,596	1,792,524
2022-01-06	$32.69	$41.25	97.4%	29.5%	95.5%	20.3%	119.1%	-16.2%	1.5%	-4.9M	30.1M	-3.5M	1.01	12.70	N/A	N/A	210,596	213,732	1,094,852	1,846,940
2022-01-07	$34.31	$40.00	111.0%	30.9%	89.8%	24.2%	131.8%	-19.7%	-5.2%	-1.6M	-141.4M	-3.9M	0.50	10.40	N/A	N/A	716,984	360,704	1,157,836	1,874,012
2022-01-10	$32.13	$40.00	113.3%	32.2%	91.5%	24.9%	131.0%	-22.7%	-1.0%	1.2M	-111.6M	-3.8M	0.80	8.12	N/A	N/A	247,760	198,132	1,136,548	1,831,060
2022-01-11	$32.55	$40.00	104.5%	30.2%	75.5%	22.3%	126.1%	-21.4%	0.8%	2.5M	-166.3M	-3.9M	0.51	8.08	N/A	N/A	176,452	90,104	1,220,768	1,872,752
2022-01-12	$32.09	$38.75	100.7%	29.5%	69.3%	21.3%	121.7%	-20.2%	2.9%	948.9K	-92.6M	-3.9M	0.64	8.51	N/A	N/A	152,772	97,068	1,273,168	1,893,972
2022-01-13	$30.50	$37.50	104.7%	29.8%	70.5%	22.4%	122.7%	-16.6%	-1.5%	-1.9M	36.1M	-3.6M	0.50	8.30	N/A	N/A	234,148	116,600	1,314,060	1,910,172
2022-01-14	$29.05	$37.50	109.0%	30.6%	71.2%	23.7%	128.3%	-15.1%	-4.6%	-8.8M	143.0M	-3.6M	1.06	7.47	N/A	N/A	331,512	350,748	1,390,080	1,941,052
2022-01-18	$27.29	$37.50	111.8%	31.9%	65.7%	24.5%	128.9%	-13.9%	1.6%	-3.7M	127.4M	-3.4M	0.74	10.72	N/A	N/A	257,960	191,052	1,284,956	1,894,436
2022-01-19	$26.86	$37.50	107.7%	30.9%	64.9%	23.3%	118.6%	-4.3%	-1.9%	-4.9M	176.1M	-3.2M	1.08	11.35	N/A	N/A	161,452	175,152	1,386,396	1,933,628
2022-01-20	$25.84	$37.50	106.6%	30.5%	64.9%	23.0%	124.6%	-4.4%	-0.0%	-6.5M	234.7M	-3.2M	0.60	11.79	N/A	N/A	209,496	125,940	1,425,572	1,952,036
2022-01-21	$26.84	$37.50	119.1%	34.6%	68.2%	26.6%	147.9%	-13.1%	-3.5%	-738.4K	121.1M	-3.5M	0.90	12.34	N/A	N/A	398,632	360,020	1,488,452	1,974,332
2022-01-24	$24.49	$36.25	127.4%	37.6%	73.0%	29.0%	148.9%	-5.3%	5.5%	567.7K	30.2M	-3.2M	1.01	12.12	N/A	N/A	268,816	271,164	841,768	710,600
2022-01-25	$25.18	$35.00	127.0%	38.0%	75.1%	28.9%	152.4%	-8.4%	-6.6%	2.2M	-43.7M	-3.4M	0.97	11.64	N/A	N/A	147,688	143,264	957,216	780,072
2022-01-26	$25.84	$35.00	124.9%	37.4%	76.5%	28.2%	149.3%	-14.7%	-1.2%	3.4M	-115.9M	-3.6M	0.43	13.83	N/A	N/A	509,336	221,576	1,007,984	820,844
2022-01-27	$23.46	$33.75	123.6%	36.8%	78.5%	27.9%	146.2%	-14.9%	-1.8%	-1.2M	77.2M	-3.2M	0.70	13.88	N/A	N/A	227,876	158,864	1,092,592	867,748
2022-01-28	$24.05	$33.75	121.8%	35.3%	79.3%	27.3%	141.1%	-11.3%	-0.7%	713.3K	48.4M	-3.3M	0.72	14.01	N/A	N/A	263,120	188,372	1,159,092	900,484
2022-01-31	$26.94	$32.50	115.2%	33.8%	92.8%	25.4%	136.2%	-16.2%	-2.0%	4.7M	-204.3M	-3.7M	0.72	13.15	N/A	N/A	200,736	145,360	889,760	767,320