GME Options History — July 2023

In July 2023, GME traded between $21.84 and $24.52. ATM implied volatility averaged 58.3%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 8.9% (HV 20d: 49.4%). Max pain ranged from $22.00 to $23.75. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.28.

Notable Days

  • 2023-07-27: Highest Volume — 94,035 contracts
  • 2023-07-10: Largest IV spike — 9.5% change
  • 2023-07-27: Highest IV Rank — 12.3%
  • 2023-07-26: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.05$21.84$24.52$24.52$22.21
Max Pain$23.36$22.00$23.75$22.00$22.50
ATM IV58.3%53.8%62.2%59.6%61.2%
Expected Move16.3%15.4%16.8%15.8%16.2%
HV 20d49.4%29.3%94.3%93.2%29.9%
HV 60d65.2%64.0%66.2%65.3%64.0%
IV Rank7.4%1.9%12.3%9.0%11.0%
IV Percentile8.4%1.2%17.5%8.3%16.3%
Term Structure1.7%-5.2%9.3%-2.7%6.1%
VWIV64.3%60.5%73.0%62.4%68.4%
Skew 25d-11.2%-17.7%-6.8%-16.7%-11.9%
Skew 10d-22.8%-35.1%-14.8%-25.1%-26.4%
Call IV 25d67.3%60.5%75.4%70.9%72.4%
Put IV 25d56.1%53.5%60.5%54.3%60.5%
Bid-Ask Spread %12.106.3923.619.399.76
Gamma HHI0.100.060.200.120.06
Net GEX3.3M-1.6M5.9M5.9M2.4M
Net DEX-102.6M-179.9M-53.1M-179.9M-73.6M
Net VEX-1.2M-1.3M-1.1M-1.3M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.120.420.210.30
Total Volume51,776.3531,60694,03531,60636,527
Total OI543,037.65451,948584,693545,202476,564

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$24.52$22.0059.6%15.8%93.2%9.0%62.4%-16.7%-2.7%5.9M-179.9M-1.3M0.219.39N/AN/A26,0545,552386,751158,451
2023-07-05$24.07$22.0059.2%15.4%93.3%8.5%61.3%-9.7%-3.5%5.2M-154.0M-1.3M0.389.07N/AN/A38,58114,580399,097162,134
2023-07-06$22.96$23.7555.1%16.0%94.3%3.5%63.8%-10.7%1.6%2.3M-90.1M-1.2M0.2721.79N/AN/A44,04612,103408,146168,771
2023-07-07$22.86$23.7556.0%16.3%92.8%4.5%63.3%-11.1%4.6%2.5M-84.3M-1.1M0.3522.87N/AN/A38,12713,158409,504171,400
2023-07-10$23.48$23.7561.3%16.3%62.8%11.1%60.5%-10.9%-5.2%3.8M-118.7M-1.1M0.3620.52N/AN/A40,41914,470377,390161,174
2023-07-11$23.80$23.7557.4%16.4%60.5%6.2%63.6%-8.8%1.9%5.7M-151.5M-1.2M0.3823.61N/AN/A49,78118,792389,884167,674
2023-07-12$23.58$23.7557.0%16.6%55.0%5.7%65.1%-7.8%0.5%5.4M-140.7M-1.2M0.2621.95N/AN/A32,0968,496401,380171,329
2023-07-13$23.59$23.7558.6%16.3%37.7%7.8%61.7%-9.2%-0.3%5.4M-133.2M-1.2M0.2310.58N/AN/A39,5458,965405,514172,121
2023-07-14$23.05$23.7553.8%15.6%35.0%1.9%62.3%-6.8%1.0%3.0M-93.3M-1.1M0.298.60N/AN/A39,18211,518410,548174,145
2023-07-17$22.95$23.7556.2%16.0%33.5%4.8%61.9%-8.3%2.7%2.7M-90.9M-1.1M0.298.29N/AN/A32,4199,269376,580160,445
2023-07-18$23.11$23.7554.8%15.8%33.8%3.0%61.5%-8.5%7.0%3.5M-102.4M-1.1M0.287.57N/AN/A45,36212,716385,068163,791
2023-07-19$23.09$23.7557.7%16.6%33.8%6.7%64.6%-8.8%-0.1%4.4M-107.4M-1.1M0.318.03N/AN/A31,9959,941396,945166,130
2023-07-20$23.01$23.7558.9%16.8%33.8%8.1%61.4%-9.0%1.3%3.7M-94.7M-1.1M0.409.04N/AN/A26,05210,494404,876167,594
2023-07-21$22.27$23.7558.5%16.7%35.2%7.7%62.5%-11.9%0.1%-1.6M-58.6M-1.1M0.426.39N/AN/A39,48916,730406,273169,902
2023-07-24$22.84$23.7561.0%16.8%36.5%10.7%67.1%-13.5%1.3%2.3M-83.2M-1.1M0.127.66N/AN/A71,6268,629322,961128,987
2023-07-25$22.73$23.0057.4%16.4%34.5%6.2%69.3%-11.7%9.3%3.5M-90.0M-1.1M0.168.65N/AN/A36,4275,688358,354132,823
2023-07-26$22.77$23.0061.5%16.8%33.5%11.4%73.0%-14.7%3.4%3.1M-84.9M-1.1M0.1910.36N/AN/A31,4166,074368,624135,194
2023-07-27$22.19$23.0062.2%16.6%29.8%12.3%68.1%-15.6%1.4%2.1M-68.4M-1.1M0.169.52N/AN/A80,98413,051374,619136,654
2023-07-28$21.84$23.0058.2%16.3%29.3%7.3%63.5%-17.7%4.2%769.2K-53.1M-1.1M0.328.39N/AN/A41,77013,403393,782139,174
2023-07-31$22.21$22.5061.2%16.2%29.9%11.0%68.4%-11.9%6.1%2.4M-73.6M-1.1M0.309.76N/AN/A28,1108,417349,716126,848