GME Options History — January 2023

In January 2023, GME traded between $16.00 and $22.51. ATM implied volatility averaged 109.2%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 31.5%. IV traded above realized volatility by 28.3% (HV 20d: 80.9%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.38.

Notable Days

  • 2023-01-27: Highest Volume — 366,595 contracts
  • 2023-01-11: Largest IV spike — 15.5% change
  • 2023-01-12: Highest IV Rank — 67.3%
  • 2023-01-12: Largest Expected Move — 38.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.55$16.00$22.51$17.48$21.49
Max Pain$23.81$22.50$25.00$25.00$22.50
ATM IV109.2%93.2%132.1%111.7%93.2%
Expected Move31.5%26.8%38.5%29.5%26.8%
HV 20d80.9%65.8%95.1%78.0%95.1%
HV 60d77.8%72.4%83.2%72.6%82.3%
IV Rank34.5%11.5%67.3%38.1%11.5%
IV Percentile46.3%4.0%90.9%60.7%4.0%
Term Structure0.4%-9.9%4.0%-4.5%1.3%
VWIV119.2%99.8%150.4%117.4%106.2%
Skew 25d-8.9%-23.7%3.9%1.8%-10.6%
Skew 10d-20.2%-38.2%5.6%-8.0%-23.9%
Call IV 25d119.9%101.4%156.8%115.0%103.1%
Put IV 25d111.0%92.5%133.1%116.8%92.5%
Bid-Ask Spread %7.815.2014.065.206.09
Gamma HHI0.050.040.090.040.05
Net GEX1.4M-1.7M5.0M-505.8K3.1M
Net DEX15.2M-156.3M167.1M136.3M-87.2M
Net VEX-1.4M-1.7M-1.1M-1.2M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.200.660.520.20
Total Volume147,319.379,217366,595143,93882,061
Total OI1,236,755.5607,9671,650,1201,383,356718,814

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$17.48$25.00111.7%29.5%78.0%38.1%117.4%1.8%-4.5%-505.8K136.3M-1.2M0.525.20N/AN/A94,77249,166675,356708,000
2023-01-04$17.16$23.75108.6%29.4%76.0%33.7%110.6%2.1%-9.9%-673.8K140.7M-1.2M0.436.06N/AN/A55,29223,925720,714725,561
2023-01-05$16.00$25.00108.7%32.7%73.6%33.8%117.7%3.4%4.0%-1.7M167.1M-1.1M0.5612.10N/AN/A70,35139,589737,817732,949
2023-01-06$16.44$25.00105.5%31.8%75.3%29.2%114.8%3.9%2.0%-193.3K159.6M-1.1M0.6613.98N/AN/A56,78837,488759,633741,337
2023-01-09$16.49$25.00108.8%32.2%65.8%33.9%117.3%3.5%2.3%-167.7K132.4M-1.1M0.4914.06N/AN/A56,23227,323726,408718,018
2023-01-10$17.97$25.00112.3%33.0%71.1%39.0%124.6%-9.2%0.3%1.0M77.8M-1.3M0.319.70N/AN/A82,45725,406752,861734,297
2023-01-11$18.87$25.00129.8%37.6%74.1%64.0%137.4%-15.7%-0.6%2.0M9.7M-1.5M0.406.99N/AN/A172,19869,521783,617744,546
2023-01-12$20.45$25.00132.1%38.5%74.8%67.3%150.4%-23.7%3.3%2.8M-69.2M-1.7M0.295.72N/AN/A125,88836,784808,260777,735
2023-01-13$20.34$25.00123.6%36.0%74.8%55.2%141.8%-18.2%0.9%2.8M-51.7M-1.6M0.335.36N/AN/A128,20642,916829,793788,528
2023-01-17$21.62$25.00124.6%35.8%77.3%56.6%136.3%-15.8%-1.6%2.5M-56.4M-1.6M0.246.61N/AN/A143,95334,439777,120768,596
2023-01-18$20.59$23.75108.2%31.0%79.4%33.1%113.3%-0.9%2.9%1.8M29.1M-1.5M0.326.79N/AN/A114,54637,036819,871779,291
2023-01-19$19.09$23.75104.9%30.1%83.2%28.4%114.1%-8.0%-1.8%-354.4K115.4M-1.4M0.586.88N/AN/A77,16644,794835,045792,915
2023-01-20$19.80$22.50110.6%31.9%83.9%36.5%125.2%-16.6%-2.3%1.6M67.1M-1.4M0.317.17N/AN/A86,00226,671860,238789,882
2023-01-23$21.71$22.50110.2%32.1%90.2%35.9%122.9%-14.5%1.1%2.3M-100.5M-1.6M0.328.45N/AN/A155,44449,650381,537226,430
2023-01-24$21.47$22.50104.8%30.3%87.6%28.2%113.9%-13.9%3.5%2.7M-97.9M-1.6M0.347.15N/AN/A88,47030,035436,446245,276
2023-01-25$20.36$22.5097.4%27.9%89.2%17.6%107.3%-11.4%2.5%941.1K-24.4M-1.4M0.307.16N/AN/A89,37826,406453,670254,104
2023-01-26$19.87$22.5095.4%27.1%82.1%14.7%99.8%-6.9%3.1%672.7K-3.6M-1.4M0.507.38N/AN/A85,00942,409467,422253,532
2023-01-27$22.51$22.5096.4%28.3%91.9%16.2%104.1%-12.0%0.6%5.0M-156.3M-1.6M0.297.54N/AN/A283,64682,949474,749264,810
2023-01-30$21.22$22.5097.1%28.5%95.1%17.1%108.6%-16.0%-0.2%2.4M-83.5M-1.5M0.285.82N/AN/A134,54637,474433,050236,882
2023-01-31$21.49$22.5093.2%26.8%95.1%11.5%106.2%-10.6%1.3%3.1M-87.2M-1.5M0.206.09N/AN/A68,61113,450472,286246,528