GME Options History — May 2023

In May 2023, GME traded between $18.45 and $24.41. ATM implied volatility averaged 74.8%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded above realized volatility by 29.1% (HV 20d: 45.7%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-05-22: Highest Volume — 157,296 contracts
  • 2023-05-22: Largest IV spike — 11.3% change
  • 2023-05-31: Highest IV Rank — 37.0%
  • 2023-05-31: Largest Expected Move — 29.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.63$18.45$24.41$18.61$24.36
Max Pain$20.68$20.00$22.00$20.00$21.00
ATM IV74.8%60.5%86.9%60.7%86.9%
Expected Move21.8%14.5%29.2%14.9%29.2%
HV 20d45.7%34.8%54.5%36.0%51.6%
HV 60d81.0%78.6%86.6%86.6%80.8%
IV Rank21.7%6.0%37.0%6.3%37.0%
IV Percentile12.3%4.8%21.8%4.8%21.8%
Term Structure0.7%-5.1%11.5%10.7%-5.1%
VWIV80.2%55.0%105.8%58.1%105.8%
Skew 25d-6.1%-9.5%-1.3%-7.5%-7.6%
Skew 10d-15.8%-22.9%-9.0%-22.9%-14.1%
Call IV 25d81.1%69.7%94.7%72.2%94.7%
Put IV 25d75.0%62.3%87.1%64.8%87.1%
Bid-Ask Spread %7.256.369.937.019.93
Gamma HHI0.100.050.270.050.11
Net GEX5.0M906.3K8.3M1.1M7.1M
Net DEX-133.9M-232.7M2.5M-2.1M-230.2M
Net VEX-1.2M-1.4M-979.5K-979.5K-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.230.480.330.31
Total Volume74,924.72734,414157,29653,46373,627
Total OI579,979.136512,025660,260515,877570,967

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$18.61$20.0060.7%14.9%36.0%6.3%58.1%-7.5%10.7%1.1M-2.1M-979.5K0.337.01N/AN/A40,19513,268367,994147,883
2023-05-02$18.45$20.0060.5%14.5%34.8%6.0%55.6%-7.3%11.0%906.3K2.5M-1.0M0.456.64N/AN/A36,71416,638378,947152,755
2023-05-03$18.84$20.0062.2%14.5%35.5%7.8%55.0%-7.4%11.5%1.9M-19.0M-1.0M0.466.82N/AN/A39,78218,377392,927159,364
2023-05-04$19.18$22.0069.2%21.8%36.7%14.7%81.1%-3.3%9.6%2.5M-29.6M-1.0M0.276.36N/AN/A40,75211,166405,774168,823
2023-05-05$20.26$22.0066.7%21.5%42.1%12.2%80.0%-6.5%10.8%5.3M-91.7M-1.1M0.267.89N/AN/A118,44230,269418,189171,971
2023-05-08$20.66$21.0073.9%21.7%43.0%19.4%78.3%-5.9%-0.2%4.2M-98.0M-1.1M0.278.73N/AN/A58,48315,552398,490161,218
2023-05-09$20.20$21.0073.6%21.6%42.5%19.1%78.1%-3.8%0.4%3.9M-79.2M-1.1M0.376.92N/AN/A25,0959,319413,805166,996
2023-05-10$20.81$21.0075.7%20.9%44.2%21.2%76.3%-3.4%-3.2%5.5M-113.4M-1.2M0.387.01N/AN/A36,56814,041421,018170,044
2023-05-11$20.84$21.0074.4%20.8%44.1%19.9%75.4%-4.7%-2.5%5.8M-112.9M-1.2M0.357.27N/AN/A34,47912,221429,382173,753
2023-05-12$20.61$21.0074.5%21.0%44.1%20.0%76.1%-5.1%-1.9%3.9M-96.6M-1.1M0.487.19N/AN/A41,49820,094437,781178,186
2023-05-15$21.45$21.0075.6%21.5%46.8%21.0%78.0%-3.4%-3.0%4.5M-129.1M-1.1M0.327.11N/AN/A61,72219,608396,420168,074
2023-05-16$21.93$21.0075.2%21.4%45.9%22.8%76.8%-1.3%-2.1%6.2M-161.9M-1.2M0.486.94N/AN/A41,57219,754419,908174,630
2023-05-17$22.88$20.0076.9%22.0%47.7%24.7%81.1%-5.8%-2.0%7.2M-219.8M-1.2M0.236.37N/AN/A114,11126,679428,874180,585
2023-05-18$23.12$21.0076.4%22.0%43.3%24.1%82.0%-7.2%-2.9%8.3M-232.7M-1.3M0.286.50N/AN/A53,53715,063457,413190,658
2023-05-19$22.07$21.0075.4%21.9%47.1%23.0%80.7%-7.6%-2.9%6.8M-155.8M-1.2M0.256.75N/AN/A72,46117,885464,517195,743
2023-05-22$24.09$20.0084.0%24.8%54.0%32.7%91.6%-7.5%-3.2%5.5M-224.5M-1.3M0.396.82N/AN/A113,38943,907368,143143,882
2023-05-23$23.04$21.0081.8%24.3%54.5%30.3%89.7%-8.4%-1.9%4.6M-163.4M-1.4M0.366.97N/AN/A60,32521,706400,880168,092
2023-05-24$23.29$20.0079.4%23.8%53.2%27.7%85.9%-6.9%-1.7%5.9M-179.9M-1.3M0.377.26N/AN/A37,04913,667410,594171,553
2023-05-25$23.52$20.0079.0%23.9%53.1%27.2%86.9%-5.4%-1.0%7.3M-198.2M-1.4M0.397.43N/AN/A41,82916,198418,300174,707
2023-05-26$23.30$20.0080.2%24.5%53.5%28.6%89.9%-9.5%-1.4%5.7M-186.5M-1.4M0.267.66N/AN/A51,45813,520427,098176,341
2023-05-30$24.41$20.0083.7%27.3%51.9%32.5%102.6%-8.5%-3.2%5.9M-224.9M-1.4M0.237.82N/AN/A70,39015,934382,845154,017
2023-05-31$24.36$21.0086.9%29.2%51.6%37.0%105.8%-7.6%-5.1%7.1M-230.2M-1.4M0.319.93N/AN/A56,33117,296407,881163,086