GME Options History — September 2023

In September 2023, GME traded between $16.45 and $19.24. ATM implied volatility averaged 65.0%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 15.3% (HV 20d: 49.7%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.41.

Notable Days

  • 2023-09-07: Highest Volume — 120,670 contracts
  • 2023-09-07: Largest IV drop — 29.3% change
  • 2023-09-06: Highest IV Rank — 54.6%
  • 2023-09-01: Largest Expected Move — 32.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.65$16.45$19.24$18.43$16.45
Max Pain$19.57$18.00$20.00$20.00$18.00
ATM IV65.0%51.9%96.1%93.0%54.9%
Expected Move18.5%14.5%32.5%32.5%14.8%
HV 20d49.7%41.4%54.7%41.4%48.0%
HV 60d41.7%38.8%59.9%59.9%39.5%
IV Rank16.0%0.0%54.6%50.8%3.6%
IV Percentile19.6%0.0%59.1%54.4%4.8%
Term Structure1.1%-4.6%7.1%-4.0%7.1%
VWIV72.4%57.0%120.8%120.8%61.3%
Skew 25d-11.6%-18.3%-7.4%-17.7%-9.6%
Skew 10d-23.8%-36.0%-12.4%-35.4%-20.1%
Call IV 25d75.2%58.6%112.6%112.6%61.8%
Put IV 25d63.6%51.1%94.8%94.8%52.3%
Bid-Ask Spread %12.648.3519.668.9613.88
Gamma HHI0.070.050.130.050.08
Net GEX1.1M-162.3K3.6M1.9M-88.5K
Net DEX-10.6M-68.1M32.8M-48.7M32.8M
Net VEX-859.0K-1.0M-764.0K-1.0M-764.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.200.650.470.39
Total Volume57,739.725,181120,67052,94870,806
Total OI543,403.05479,205611,662560,707568,304

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$18.43$20.0093.0%32.5%41.4%50.8%120.8%-17.7%-4.0%1.9M-48.7M-1.0M0.478.96N/AN/A36,07116,877391,127169,580
2023-09-05$19.24$20.0095.9%25.5%45.0%54.4%97.4%-18.3%-1.2%1.6M-68.1M-980.0K0.3611.82N/AN/A48,56317,333360,287153,304
2023-09-06$18.59$20.0096.1%26.2%46.2%54.6%103.5%-13.5%-0.9%1.5M-54.9M-972.7K0.6512.12N/AN/A62,20740,490381,582162,110
2023-09-07$18.91$20.0068.0%19.4%44.7%19.5%72.8%-12.6%-1.4%1.6M-43.2M-908.8K0.5117.22N/AN/A80,12840,542408,991184,976
2023-09-08$17.55$20.0062.9%18.5%51.3%13.1%69.8%-11.0%2.9%-162.3K18.9M-883.9K0.6016.96N/AN/A53,52132,381425,167186,495
2023-09-11$17.01$20.0061.1%17.7%51.6%10.9%68.1%-10.4%1.8%-46.0K30.6M-764.6K0.6319.06N/AN/A33,69921,246370,682153,959
2023-09-12$17.24$20.0064.6%18.2%52.1%15.3%66.4%-7.6%-1.5%442.8K15.0M-801.1K0.2619.66N/AN/A52,43013,849386,750162,109
2023-09-13$17.80$20.0069.4%19.7%52.9%21.3%79.8%-13.6%-1.2%1.6M-10.8M-893.8K0.5117.20N/AN/A41,00820,900406,836166,015
2023-09-14$18.36$20.0067.5%18.6%53.5%18.9%77.9%-15.9%-4.6%3.6M-44.1M-933.9K0.338.35N/AN/A39,92813,157423,200169,711
2023-09-15$18.18$20.0062.4%17.8%53.4%12.5%72.8%-14.4%-1.4%2.1M-40.2M-945.3K0.309.74N/AN/A37,12210,992431,341171,405
2023-09-18$17.59$20.0059.4%16.9%54.7%8.8%67.7%-13.1%3.8%1.1M-16.5M-863.3K0.2511.30N/AN/A33,9358,651346,140133,065
2023-09-19$17.59$20.0056.9%16.2%54.7%5.7%65.9%-11.3%3.7%1.3M-14.5M-862.1K0.419.69N/AN/A19,1677,904365,190137,847
2023-09-20$17.48$20.0053.2%15.3%50.3%1.1%62.8%-8.4%6.6%875.0K-7.6M-830.3K0.2011.20N/AN/A27,1735,374372,139142,932
2023-09-21$16.95$19.0053.8%15.3%50.5%1.8%64.4%-10.1%2.8%265.4K13.4M-782.7K0.3810.67N/AN/A26,45710,109382,687144,130
2023-09-22$17.16$19.0051.9%14.5%49.6%0.0%60.2%-7.4%4.3%411.0K7.2M-791.3K0.4210.75N/AN/A25,74310,791385,729146,098
2023-09-25$17.61$19.0053.8%15.5%48.4%2.3%59.2%-11.3%3.0%867.3K-7.1M-788.6K0.3011.30N/AN/A41,23112,495350,019137,109
2023-09-26$16.86$19.0057.8%16.2%50.1%7.3%58.1%-8.8%-0.5%721.6K10.8M-785.2K0.5611.15N/AN/A21,15011,792373,888144,410
2023-09-27$17.13$19.0057.0%15.2%47.8%6.4%57.0%-8.1%2.5%930.7K5.6M-805.8K0.4011.52N/AN/A18,0277,154382,150150,498
2023-09-28$16.87$18.5060.6%17.0%47.9%10.7%62.7%-8.9%0.5%682.1K9.7M-790.3K0.3310.23N/AN/A63,41020,981387,344152,755
2023-09-29$16.45$18.0054.9%14.8%48.0%3.6%61.3%-9.6%7.1%-88.5K32.8M-764.0K0.3913.88N/AN/A50,98419,822407,773160,531