GME Options History — April 2023

In April 2023, GME traded between $18.68 and $23.18. ATM implied volatility averaged 59.3%, placing in the 1.7% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 30.3% (HV 20d: 89.6%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.46.

Notable Days

  • 2023-04-03: Highest Volume — 92,082 contracts
  • 2023-04-25: Largest IV spike — 8.9% change
  • 2023-04-27: Highest IV Rank — 6.9%
  • 2023-04-10: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.30$18.68$23.18$23.18$19.34
Max Pain$20.34$20.00$22.50$22.00$20.00
ATM IV59.3%54.4%65.4%64.5%61.3%
Expected Move16.6%15.2%18.0%17.5%16.2%
HV 20d89.6%31.5%124.5%124.0%35.5%
HV 60d92.9%86.7%98.5%98.2%86.7%
IV Rank1.7%0.0%6.9%0.0%6.8%
IV Percentile1.2%0.0%5.6%0.0%5.6%
Term Structure3.7%-0.5%12.0%2.4%6.1%
VWIV62.9%57.2%66.9%66.3%65.4%
Skew 25d-5.5%-14.3%-1.9%-5.9%-14.3%
Skew 10d-14.2%-35.4%-7.9%-18.6%-35.4%
Call IV 25d65.2%61.6%72.7%70.9%72.7%
Put IV 25d59.7%55.4%65.7%65.0%58.4%
Bid-Ask Spread %5.743.687.476.356.81
Gamma HHI0.100.050.440.070.12
Net GEX1.0M-5.3M4.3M4.3M3.1M
Net DEX-61.2M-157.3M31.8M-157.3M-24.7M
Net VEX-1.2M-1.4M-991.0K-1.4M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.190.790.330.29
Total Volume67,95840,53692,08292,08267,012
Total OI663,894.684486,945753,230664,103564,374

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$23.18$22.0064.5%17.5%124.0%0.0%66.3%-5.9%2.4%4.3M-157.3M-1.4M0.336.35N/AN/A69,45922,623441,271222,832
2023-04-04$22.41$22.0065.4%17.7%124.1%1.0%65.0%-6.2%3.7%3.2M-107.0M-1.4M0.637.30N/AN/A53,99334,060467,345229,152
2023-04-05$22.09$22.5062.3%16.3%124.5%0.0%61.8%-4.3%0.8%1.2M-72.4M-1.4M0.647.47N/AN/A54,36234,753480,078246,452
2023-04-06$22.45$20.0058.3%17.7%122.8%0.0%66.3%-5.3%3.5%3.5M-91.8M-1.3M0.594.86N/AN/A54,54932,268484,989256,229
2023-04-10$22.27$20.0061.0%18.0%122.4%2.8%65.7%-5.3%0.5%1.5M-91.0M-1.3M0.386.26N/AN/A45,61117,140439,103237,007
2023-04-11$22.72$20.0060.9%17.7%122.0%2.7%64.4%-3.3%-0.1%3.4M-120.3M-1.3M0.426.48N/AN/A55,94623,778463,580243,268
2023-04-12$22.43$20.0059.2%16.8%122.3%1.0%59.2%-3.1%-0.2%2.6M-103.4M-1.3M0.356.70N/AN/A47,43316,762478,380247,633
2023-04-13$22.61$20.0058.2%16.6%118.6%0.0%66.9%-4.4%-0.5%3.1M-119.8M-1.3M0.345.52N/AN/A36,41112,545489,445254,685
2023-04-14$22.54$20.0057.3%16.5%118.3%0.0%62.2%-3.5%0.4%-270.7K-114.7M-1.3M0.405.17N/AN/A60,35524,366496,966256,264
2023-04-17$22.34$20.0057.6%16.6%118.2%0.3%64.0%-4.4%3.8%2.3M-97.4M-1.2M0.434.48N/AN/A32,66814,135452,485232,100
2023-04-18$21.59$20.0056.8%16.4%119.5%0.0%60.9%-4.0%3.1%-190.2K-49.3M-1.2M0.474.25N/AN/A32,25115,304463,106238,686
2023-04-19$21.24$20.0057.7%16.6%118.7%0.9%63.5%-8.5%3.3%-1.3M-37.4M-1.2M0.354.81N/AN/A56,94619,979468,847241,039
2023-04-20$20.20$20.0057.6%16.4%42.5%0.8%61.3%-5.3%2.2%-5.3M31.8M-1.2M0.574.65N/AN/A43,12524,676482,380244,434
2023-04-21$20.49$20.0055.4%15.4%37.7%0.0%59.7%-6.2%5.1%-3.8M952.2K-1.1M0.493.68N/AN/A37,81518,414490,849246,476
2023-04-24$19.91$20.0054.4%15.2%31.5%0.0%57.2%-5.5%12.0%701.7K-25.5M-1.1M0.625.90N/AN/A31,17519,394341,856145,089
2023-04-25$19.11$20.0059.3%15.8%33.0%4.8%59.7%-1.9%8.6%155.6K731.2K-1.0M0.796.15N/AN/A36,98629,250352,932151,749
2023-04-26$18.68$20.0058.6%15.9%33.2%4.1%58.7%-3.8%8.5%142.4K16.3M-991.0K0.396.13N/AN/A29,06311,473365,665158,800
2023-04-27$19.01$20.0061.4%16.2%34.5%6.9%66.6%-9.2%8.0%886.2K-978.4K-1.1M0.196.14N/AN/A63,09212,030376,204162,249
2023-04-28$19.34$20.0061.3%16.2%35.5%6.8%65.4%-14.3%6.1%3.1M-24.7M-1.1M0.296.81N/AN/A51,90315,109401,688162,686