GME Options History — February 2023

In February 2023, GME traded between $19.09 and $24.00. ATM implied volatility averaged 90.5%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded below realized volatility by 3.8% (HV 20d: 94.3%). Max pain ranged from $21.00 to $22.50. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-02-02: Highest Volume — 234,177 contracts
  • 2023-02-06: Largest IV spike — 14.3% change
  • 2023-02-06: Highest IV Rank — 27.7%
  • 2023-02-06: Largest Expected Move — 31.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.86$19.09$24.00$21.89$19.13
Max Pain$21.34$21.00$22.50$22.50$21.00
ATM IV90.5%85.9%104.4%86.8%88.3%
Expected Move26.0%22.7%31.5%24.6%23.1%
HV 20d94.3%76.9%105.4%92.5%76.9%
HV 60d84.8%82.4%86.9%82.4%84.6%
IV Rank7.6%1.0%27.7%2.3%4.5%
IV Percentile6.2%0.4%36.1%0.8%4.0%
Term Structure4.4%-1.7%10.9%2.4%-1.4%
VWIV95.9%84.7%113.9%93.2%89.0%
Skew 25d-9.8%-22.1%-3.5%-7.8%-7.5%
Skew 10d-21.4%-41.2%-8.6%-18.7%-17.7%
Call IV 25d98.6%87.8%117.4%94.0%94.3%
Put IV 25d88.8%80.1%99.0%86.1%86.8%
Bid-Ask Spread %7.545.8410.757.827.00
Gamma HHI0.080.040.490.060.04
Net GEX2.9M-331.0K12.1M3.6M1.0M
Net DEX-59.4M-210.6M43.2M-96.8M-1.8M
Net VEX-1.4M-1.7M-1.2M-1.5M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.180.860.210.26
Total Volume110,866.84258,118234,177117,25963,420
Total OI699,155567,504794,742729,669593,552

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$21.89$22.5086.8%24.6%92.5%2.3%93.2%-7.8%2.4%3.6M-96.8M-1.5M0.217.82N/AN/A97,18320,076480,987248,682
2023-02-02$22.77$21.0094.8%29.5%92.3%13.9%106.2%-15.2%1.5%5.7M-159.8M-1.5M0.197.09N/AN/A197,39036,787491,088251,087
2023-02-03$22.15$22.0091.4%28.9%88.3%8.9%107.0%-17.5%2.2%2.9M-124.9M-1.6M0.207.92N/AN/A140,70328,740516,823256,252
2023-02-06$24.00$22.00104.4%31.5%91.1%27.7%113.9%-18.4%5.4%4.7M-210.6M-1.7M0.1810.75N/AN/A175,20031,041448,595228,238
2023-02-07$21.07$22.0097.2%30.4%105.4%17.2%111.1%-22.1%8.9%2.6M-67.4M-1.5M0.338.14N/AN/A117,62239,369499,273241,318
2023-02-08$21.05$21.0087.8%27.6%101.8%3.8%103.0%-13.6%8.2%2.6M-51.4M-1.4M0.308.12N/AN/A63,85519,384521,137248,361
2023-02-09$19.82$21.0088.3%27.7%103.3%4.4%103.3%-12.6%10.6%462.0K10.4M-1.4M0.419.52N/AN/A76,99831,881529,111250,622
2023-02-10$19.27$22.0086.1%26.7%99.5%1.3%103.0%-12.0%9.6%-331.0K43.2M-1.3M0.368.93N/AN/A64,96523,526539,356253,933
2023-02-13$19.77$22.0089.3%26.3%100.0%5.9%96.9%-9.0%7.6%1.1M3.1M-1.3M0.335.84N/AN/A57,39118,745457,964234,172
2023-02-14$19.82$21.0086.3%25.1%97.3%1.6%90.7%-4.8%8.3%1.7M4.3M-1.2M0.376.54N/AN/A47,83017,925478,449238,534
2023-02-15$21.69$21.0089.3%25.6%101.3%5.9%93.6%-5.7%10.9%4.9M-105.9M-1.4M0.226.78N/AN/A136,21729,956493,545244,779
2023-02-16$21.52$21.0088.6%25.0%97.1%4.9%88.7%-3.5%7.8%6.1M-102.1M-1.4M0.366.64N/AN/A79,19428,841522,274253,372
2023-02-17$21.99$21.0085.9%23.8%96.7%1.0%85.7%-3.9%7.2%12.1M-121.4M-1.4M0.296.51N/AN/A82,30123,473533,011261,731
2023-02-21$20.84$21.0092.8%24.4%93.1%10.9%87.2%-4.9%-1.1%2.3M-64.9M-1.3M0.869.04N/AN/A48,65842,006378,858189,943
2023-02-22$20.49$21.0092.0%23.8%93.2%9.8%88.1%-6.0%-1.7%1.8M-46.8M-1.3M0.387.33N/AN/A43,01816,404393,193199,888
2023-02-23$20.29$21.0089.6%22.9%91.3%6.3%84.7%-6.6%-1.1%1.2M-35.6M-1.3M0.466.81N/AN/A52,66424,100405,118205,052
2023-02-24$19.62$21.0089.7%22.7%91.7%6.5%85.3%-7.8%-0.3%144.7K-3.2M-1.2M0.605.84N/AN/A36,39321,725416,661211,482
2023-02-27$19.09$21.0090.7%23.8%79.1%8.0%92.2%-7.9%-1.4%654.1K2.5M-1.2M0.216.62N/AN/A59,00612,483369,933197,571
2023-02-28$19.13$21.0088.3%23.1%76.9%4.5%89.0%-7.5%-1.4%1.0M-1.8M-1.2M0.267.00N/AN/A50,52812,892390,442203,110