GME Options History — December 2023

In December 2023, GME traded between $14.68 and $18.27. ATM implied volatility averaged 88.5%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded below realized volatility by 31.1% (HV 20d: 119.6%). Max pain ranged from $16.00 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.31.

Notable Days

  • 2023-12-07: Highest Volume — 301,930 contracts
  • 2023-12-08: Largest IV drop — 16.0% change
  • 2023-12-04: Highest IV Rank — 89.0%
  • 2023-12-01: Largest Expected Move — 45.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.67$14.68$18.27$15.07$17.63
Max Pain$17.43$16.00$17.50$16.00$17.50
ATM IV88.5%60.0%132.8%126.4%60.0%
Expected Move25.1%16.5%45.9%45.9%16.5%
HV 20d119.6%93.7%126.7%93.7%100.1%
HV 60d82.2%68.7%85.5%68.7%84.0%
IV Rank40.3%8.9%89.0%82.0%8.9%
IV Percentile61.5%19.0%99.6%98.8%19.0%
Term Structure-0.9%-10.4%5.3%-10.4%5.3%
VWIV98.3%66.4%177.4%177.4%66.4%
Skew 25d-18.8%-32.1%-9.6%-32.1%-10.1%
Skew 10d-40.4%-65.7%-22.0%-42.6%-22.0%
Call IV 25d103.9%68.6%150.9%150.9%68.6%
Put IV 25d85.1%58.4%122.6%118.8%58.4%
Bid-Ask Spread %18.539.1434.079.1411.71
Gamma HHI0.090.050.170.170.10
Net GEX3.0M1.5M5.3M3.0M2.5M
Net DEX-95.3M-158.0M-25.6M-89.9M-88.8M
Net VEX-778.1K-890.9K-699.9K-849.5K-711.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.150.670.230.31
Total Volume119,963.7554,183301,930219,46373,630
Total OI735,832.7656,918842,531757,474715,592

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$15.07$16.00126.4%45.9%93.7%82.0%177.4%-32.1%-10.4%3.0M-89.9M-849.5K0.239.14N/AN/A178,58340,880539,658217,816
2023-12-04$17.27$17.50132.8%33.1%104.7%89.0%121.5%-22.8%-6.5%2.6M-157.3M-890.9K0.3119.18N/AN/A136,05242,649469,100187,941
2023-12-05$14.96$17.50122.1%32.6%117.8%77.3%124.8%-23.4%-5.9%1.6M-63.8M-808.5K0.3220.80N/AN/A104,32833,777492,987202,129
2023-12-06$14.68$17.50127.8%32.9%118.1%83.6%134.5%-24.2%-7.8%1.5M-61.2M-830.8K0.6721.09N/AN/A90,65060,538521,946212,673
2023-12-07$16.48$17.50110.4%30.2%123.8%64.4%117.3%-24.3%-2.3%3.4M-127.0M-827.0K0.4322.86N/AN/A211,24290,688560,744248,696
2023-12-08$15.63$17.5092.7%26.6%124.1%44.9%103.8%-18.6%-0.7%3.0M-70.6M-781.1K0.3622.66N/AN/A110,63339,831599,837242,694
2023-12-11$15.04$17.5085.8%24.7%125.2%37.3%98.3%-16.6%1.7%1.5M-25.6M-712.0K0.4022.53N/AN/A80,01832,054516,548198,684
2023-12-12$15.18$17.5080.5%23.1%124.2%31.5%98.8%-17.5%-2.4%1.6M-28.3M-699.9K0.1822.34N/AN/A47,6998,674547,337201,405
2023-12-13$16.56$17.5083.1%23.6%125.9%34.3%95.9%-19.4%1.4%3.6M-98.5M-748.4K0.1522.67N/AN/A125,10819,309562,123203,128
2023-12-14$17.48$17.5087.8%24.6%126.7%39.6%96.5%-22.7%-2.3%5.3M-158.0M-813.4K0.2117.60N/AN/A144,10530,551607,647206,875
2023-12-15$17.09$17.5080.8%23.6%125.1%31.8%86.4%-23.6%1.7%3.9M-119.8M-785.0K0.2516.14N/AN/A69,10517,465623,411214,997
2023-12-18$18.01$17.5079.3%22.6%125.7%30.2%92.2%-18.7%0.4%3.4M-135.2M-823.7K0.2616.85N/AN/A99,07025,668493,631163,753
2023-12-19$17.70$17.5078.4%22.5%126.0%29.2%87.1%-19.0%-0.2%3.6M-118.2M-812.6K0.3619.09N/AN/A56,30120,335534,157176,370
2023-12-20$17.13$17.5074.9%21.5%126.4%25.3%92.0%-21.0%2.3%2.8M-93.9M-794.8K0.1934.07N/AN/A75,99414,594542,313181,822
2023-12-21$16.91$17.5072.9%20.8%126.0%23.1%79.9%-14.9%1.8%2.0M-67.5M-753.1K0.3016.33N/AN/A44,24613,296555,720186,392
2023-12-22$16.99$17.5069.6%19.7%125.9%19.5%78.8%-15.0%2.8%2.5M-72.8M-739.7K0.2917.58N/AN/A49,33214,411560,051187,303
2023-12-26$17.34$17.5069.4%18.9%125.2%19.3%72.2%-11.7%1.9%2.8M-81.5M-708.0K0.3313.15N/AN/A45,01414,953486,270170,648
2023-12-27$18.27$17.5070.8%19.8%121.5%20.7%72.4%-9.6%-2.8%4.4M-133.4M-741.8K0.3313.12N/AN/A63,42820,881503,531176,638
2023-12-28$17.98$17.5064.9%18.3%105.6%14.3%69.1%-10.0%3.6%4.4M-114.6M-731.3K0.2411.69N/AN/A43,65610,527522,035182,052
2023-12-29$17.63$17.5060.0%16.5%100.1%8.9%66.4%-10.1%5.3%2.5M-88.8M-711.5K0.3111.71N/AN/A56,21217,418530,388185,204