GME Options History — March 2023

In March 2023, GME traded between $15.86 and $24.11. ATM implied volatility averaged 88.8%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded above realized volatility by 6.7% (HV 20d: 82.0%). Max pain ranged from $20.00 to $21.25. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.45.

Notable Days

  • 2023-03-22: Highest Volume — 674,664 contracts
  • 2023-03-21: Largest IV drop — 14.1% change
  • 2023-03-20: Highest IV Rank — 35.1%
  • 2023-03-20: Largest Expected Move — 30.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.43$15.86$24.11$18.23$22.84
Max Pain$20.45$20.00$21.25$21.00$21.25
ATM IV88.8%66.1%108.5%87.9%66.1%
Expected Move25.1%18.4%30.9%23.0%18.4%
HV 20d82.0%45.6%125.8%78.0%124.1%
HV 60d87.0%76.7%101.6%84.9%99.4%
IV Rank9.9%0.0%35.1%3.9%0.0%
IV Percentile13.2%0.0%61.5%3.2%0.0%
Term Structure-0.5%-3.2%2.5%-0.9%2.5%
VWIV94.2%70.1%124.2%86.5%70.1%
Skew 25d-10.4%-18.7%-5.1%-7.7%-8.5%
Skew 10d-24.5%-47.7%-11.7%-18.9%-19.6%
Call IV 25d98.7%72.6%126.0%93.2%72.6%
Put IV 25d88.3%64.1%109.9%85.5%64.1%
Bid-Ask Spread %6.755.2116.217.225.82
Gamma HHI0.060.030.160.050.16
Net GEX1.2M-2.2M6.3M-45.4K6.3M
Net DEX-34.3M-314.2M79.7M32.4M-136.6M
Net VEX-1.2M-1.5M-982.6K-1.2M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.260.740.380.43
Total Volume124,932.95745,944674,66461,629112,619
Total OI663,418.478539,476825,318616,505781,302

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$18.23$21.0087.9%23.0%78.0%3.9%86.5%-7.7%-0.9%-45.4K32.4M-1.2M0.387.22N/AN/A44,75116,878407,506208,999
2023-03-02$18.13$20.5087.8%23.4%77.4%3.7%86.2%-7.5%-1.7%-368.4K40.8M-1.1M0.556.66N/AN/A44,13224,464416,835214,308
2023-03-03$18.74$20.0085.2%22.2%76.9%0.1%85.0%-7.7%2.2%48.1K20.2M-1.2M0.267.59N/AN/A56,07314,304424,364224,137
2023-03-06$18.77$20.0087.0%24.2%76.7%2.6%87.3%-6.3%-3.0%555.1K9.2M-1.2M0.265.26N/AN/A54,33614,091385,093208,072
2023-03-07$18.19$20.0083.5%23.5%69.5%0.0%85.2%-6.2%-1.9%63.6K30.8M-1.1M0.405.21N/AN/A34,44213,735398,391210,721
2023-03-08$18.34$20.0086.0%24.4%54.5%3.6%86.2%-10.0%-2.8%-43.0K27.7M-1.1M0.475.98N/AN/A37,70717,742405,572216,904
2023-03-09$17.52$20.0085.0%24.4%56.2%2.2%90.5%-7.6%-0.6%-1.2M61.3M-1.1M0.576.76N/AN/A29,31716,627417,993225,481
2023-03-10$17.19$20.0089.4%26.0%53.0%8.3%96.5%-10.3%-2.8%-2.2M75.7M-1.1M0.547.51N/AN/A41,11222,379424,070229,391
2023-03-13$16.94$20.0092.2%26.5%52.5%12.2%97.8%-6.6%1.5%-594.9K63.0M-1.0M0.336.86N/AN/A42,62213,881389,907214,366
2023-03-14$16.96$20.0092.3%26.6%51.3%12.4%97.5%-5.1%0.6%-342.0K60.4M-1.0M0.396.26N/AN/A38,80814,980405,411216,714
2023-03-15$15.86$20.0097.8%28.4%55.2%20.1%103.4%-7.6%0.2%-627.9K79.7M-982.6K0.676.96N/AN/A50,51133,845418,136220,085
2023-03-16$16.63$20.0099.4%28.5%46.2%22.3%111.4%-14.1%-0.6%101.8K50.2M-1.1M0.315.67N/AN/A65,44220,153436,321229,852
2023-03-17$16.44$20.00108.2%30.5%46.1%34.6%124.2%-16.0%-2.3%677.2K47.6M-1.1M0.3416.21N/AN/A54,50818,667464,148233,188
2023-03-20$16.71$20.00108.5%30.9%45.6%35.1%121.6%-18.7%-3.2%976.2K-7.1M-1.1M0.265.97N/AN/A61,30315,860364,361175,115
2023-03-21$17.71$20.0093.2%26.6%49.7%13.7%102.8%-10.4%-0.6%1.7M-29.0M-1.2M0.686.92N/AN/A85,72158,102393,498181,980
2023-03-22$24.11$20.0099.4%28.5%122.7%22.3%106.4%-16.0%-1.7%5.4M-314.2M-1.5M0.705.98N/AN/A396,755277,909422,772206,571
2023-03-23$22.60$21.2595.4%27.5%125.3%16.7%101.1%-14.9%-1.2%2.1M-139.1M-1.5M0.745.54N/AN/A147,710109,428483,121310,300
2023-03-24$23.85$21.2592.1%26.5%125.5%12.1%99.5%-15.5%-1.0%4.1M-222.1M-1.5M0.516.14N/AN/A171,27087,732508,572316,746
2023-03-27$23.24$21.2579.8%22.7%125.5%0.0%84.7%-9.8%1.6%2.7M-155.4M-1.5M0.486.16N/AN/A82,64839,466431,601237,431
2023-03-28$22.87$21.2582.0%23.5%125.8%3.0%88.5%-17.9%0.1%2.8M-149.9M-1.5M0.346.26N/AN/A107,08236,292453,720248,023
2023-03-29$22.46$21.2574.1%20.9%124.4%0.0%80.6%-9.0%1.7%2.8M-121.4M-1.5M0.455.73N/AN/A102,88246,249483,728254,632
2023-03-30$22.48$21.2569.2%19.6%124.3%0.0%72.5%-5.4%2.4%3.0M-113.4M-1.4M0.426.67N/AN/A69,50129,422497,033262,154
2023-03-31$22.84$21.2566.1%18.4%124.1%0.0%70.1%-8.5%2.5%6.3M-136.6M-1.4M0.435.82N/AN/A79,00733,612513,630267,672