GME Options History — April 2022

In April 2022, GME traded between $31.17 and $42.42. ATM implied volatility averaged 99.8%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 28.3%. IV traded below realized volatility by 26.1% (HV 20d: 125.8%). Max pain ranged from $37.50 to $38.75. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.59.

Notable Days

2022-04-01: Highest Volume — 1,693,216 contracts
2022-04-18: Largest IV spike — 7.3% change
2022-04-01: Highest IV Rank — 42.2%
2022-04-01: Largest Expected Move — 35.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.39	$31.17	$42.42	$40.95	$31.17
Max Pain	$38.00	$37.50	$38.75	$37.50	$37.50
ATM IV	99.8%	87.3%	128.7%	128.7%	99.1%
Expected Move	28.3%	25.1%	35.8%	35.8%	27.5%
HV 20d	125.8%	66.6%	162.0%	162.0%	67.0%
HV 60d	117.4%	111.4%	119.3%	117.5%	111.4%
IV Rank	21.9%	13.1%	42.2%	42.2%	21.4%
IV Percentile	31.2%	11.5%	79.4%	79.4%	32.1%
Term Structure	0.1%	-3.6%	3.7%	-1.4%	-1.2%
VWIV	103.9%	91.1%	130.7%	130.7%	99.1%
Skew 25d	-8.2%	-26.3%	1.7%	-26.3%	0.5%
Skew 10d	-20.4%	-52.0%	-3.1%	-52.0%	-10.3%
Call IV 25d	107.9%	93.0%	151.9%	151.9%	100.5%
Put IV 25d	99.7%	87.3%	125.6%	125.6%	101.0%
Bid-Ask Spread %	9.12	5.23	11.96	10.67	6.69
Gamma HHI	0.04	0.03	0.09	0.04	0.08
Net GEX	5.1M	-6.8M	17.0M	8.8M	-5.0M
Net DEX	-439.2M	-1.11B	-21.9M	-1.06B	-21.9M
Net VEX	-4.5M	-5.9M	-3.6M	-5.9M	-3.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.39	0.81	0.48	0.74
Total Volume	383,567.6	186,436	1,693,216	1,693,216	252,812
Total OI	2,031,341.6	1,598,036	2,699,964	2,699,964	1,840,212

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
2022-04-01	$40.95	$37.50	128.7%	35.8%	162.0%	42.2%	130.7%	-26.3%	-1.4%	8.8M	-1.06B	-5.9M	0.48	10.67	N/A	N/A	1,142,376	550,840	1,478,148	1,221,816
2022-04-04	$42.42	$38.75	119.7%	33.7%	154.0%	35.9%	120.1%	-19.9%	-1.6%	13.3M	-1.11B	-5.8M	0.42	9.50	N/A	N/A	354,672	148,832	1,127,408	1,093,128
2022-04-05	$38.32	$38.75	113.3%	31.6%	160.5%	31.4%	115.8%	-18.2%	0.3%	6.4M	-606.4M	-5.5M	0.61	7.56	N/A	N/A	266,760	163,744	1,202,460	1,118,752
2022-04-06	$39.30	$38.75	110.2%	31.2%	160.5%	29.2%	116.8%	-16.8%	-3.6%	9.1M	-732.4M	-5.4M	0.45	11.93	N/A	N/A	271,916	122,752	1,245,864	1,133,120
2022-04-07	$38.05	$38.75	103.5%	29.7%	159.1%	24.5%	111.9%	-13.0%	1.4%	4.5M	-562.2M	-5.0M	0.63	10.77	N/A	N/A	306,244	191,840	1,292,736	1,149,140
2022-04-08	$37.16	$38.75	102.8%	29.5%	156.6%	24.0%	112.0%	-12.4%	-0.9%	3.5M	-493.5M	-5.0M	0.61	9.78	N/A	N/A	264,316	161,868	1,331,020	1,164,228
2022-04-11	$36.69	$38.75	100.8%	28.7%	139.6%	22.6%	104.9%	-7.2%	-0.1%	6.7M	-451.1M	-4.7M	0.60	9.61	N/A	N/A	161,572	97,024	1,074,308	1,051,184
2022-04-12	$36.27	$38.75	95.3%	27.3%	140.1%	18.7%	105.1%	-11.2%	0.5%	7.7M	-398.2M	-4.5M	0.39	11.85	N/A	N/A	209,784	81,664	1,109,688	1,064,012
2022-04-13	$38.02	$38.75	89.7%	25.5%	140.3%	14.8%	92.4%	-4.6%	0.5%	15.4M	-548.9M	-4.5M	0.55	9.01	N/A	N/A	200,968	110,536	1,144,984	1,076,200
2022-04-14	$38.26	$37.50	87.3%	25.1%	140.4%	13.1%	93.4%	-7.4%	0.2%	17.0M	-642.9M	-4.4M	0.52	11.96	N/A	N/A	293,764	153,464	1,197,904	1,091,428
2022-04-18	$35.09	$37.50	93.7%	26.7%	145.9%	17.6%	99.6%	-5.1%	1.7%	3.4M	-290.0M	-4.3M	0.57	9.54	N/A	N/A	175,688	100,828	745,184	852,852
2022-04-19	$37.84	$37.50	92.0%	26.3%	147.1%	16.4%	96.6%	-5.7%	0.1%	9.0M	-503.6M	-4.5M	0.51	8.08	N/A	N/A	199,624	102,072	794,960	879,720
2022-04-20	$37.47	$37.50	88.9%	25.5%	114.8%	14.3%	94.1%	-6.1%	0.1%	8.8M	-462.8M	-4.4M	0.65	5.23	N/A	N/A	118,228	76,832	851,612	914,196
2022-04-21	$35.42	$37.50	88.0%	25.3%	106.8%	13.6%	91.1%	-4.5%	0.2%	759.0K	-263.9M	-4.1M	0.65	7.12	N/A	N/A	149,608	97,384	874,408	928,768
2022-04-22	$34.78	$37.50	90.7%	25.7%	107.0%	15.5%	92.4%	-1.8%	3.7%	-6.8M	-187.9M	-4.0M	0.78	10.95	N/A	N/A	161,228	125,720	888,800	941,892
2022-04-25	$33.75	$37.50	96.4%	27.3%	105.0%	19.5%	98.9%	-5.1%	0.1%	721.8K	-178.0M	-3.9M	0.55	7.62	N/A	N/A	123,196	67,256	718,436	887,340
2022-04-26	$32.17	$37.50	99.0%	28.3%	71.7%	21.3%	103.5%	-2.1%	0.8%	-509.0K	-86.6M	-3.8M	0.73	6.74	N/A	N/A	117,128	85,540	764,476	900,000
2022-04-27	$32.34	$37.50	98.0%	27.7%	71.7%	20.6%	101.2%	1.1%	0.3%	-915.3K	-87.2M	-3.6M	0.57	8.81	N/A	N/A	118,628	67,808	792,172	915,192
2022-04-28	$32.27	$37.50	98.2%	27.5%	66.6%	20.7%	99.3%	1.7%	0.8%	295.0K	-102.1M	-3.8M	0.81	8.97	N/A	N/A	152,952	123,884	835,660	933,424
2022-04-29	$31.17	$37.50	99.1%	27.5%	67.0%	21.4%	99.1%	0.5%	-1.2%	-5.0M	-21.9M	-3.7M	0.74	6.69	N/A	N/A	145,232	107,580	875,400	964,812