GME Options History — May 2024

In May 2024, GME traded between $11.04 and $47.59. ATM implied volatility averaged 209.2%, placing in the 67.7% IV rank vs the trailing year. The 30-day expected move averaged 58.5%. IV traded below realized volatility by 33.7% (HV 20d: 242.9%). Max pain ranged from $11.00 to $20.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.45.

Notable Days

  • 2024-05-17: Highest Volume — 1,048,777 contracts
  • 2024-05-13: Largest IV spike — 72.7% change
  • 2024-05-02: Highest IV Rank — 100.0%
  • 2024-05-14: Largest Expected Move — 91.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.94$11.04$47.59$11.04$23.16
Max Pain$16.09$11.00$20.00$11.00$20.00
ATM IV209.2%97.0%349.1%97.0%187.9%
Expected Move58.5%27.5%91.4%27.5%55.7%
HV 20d242.9%57.2%342.5%57.2%341.2%
HV 60d153.8%62.6%205.3%62.6%205.3%
IV Rank67.7%40.7%100.0%46.3%45.8%
IV Percentile97.4%86.5%100.0%86.5%94.8%
Term Structure-10.6%-35.2%11.3%11.3%-21.3%
VWIV221.5%115.2%305.2%115.2%208.6%
Skew 25d-83.5%-154.9%-22.9%-40.5%-79.8%
Skew 10d-134.8%-250.1%-35.0%-55.1%-164.0%
Call IV 25d270.7%142.1%374.4%142.1%250.0%
Put IV 25d187.2%101.6%328.3%101.6%170.2%
Bid-Ask Spread %16.028.1229.7522.5212.87
Gamma HHI0.080.040.150.150.11
Net GEX4.0M-1.0M9.5M2.7M9.5M
Net DEX-601.1M-2.31B-68.9M-68.9M-701.6M
Net VEX-1.4M-2.1M-525.9K-525.9K-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.131.210.150.32
Total Volume406,748.31852,9801,048,77752,980283,799
Total OI944,734.227503,1161,356,025503,1161,327,582

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$11.04$11.0097.0%27.5%57.2%46.3%115.2%-40.5%11.3%2.7M-68.9M-525.9K0.1522.52N/AN/A46,1116,869400,834102,282
2024-05-02$12.35$11.00153.5%51.2%70.1%100.0%238.2%-92.1%-3.6%3.6M-172.3M-659.8K0.1323.75N/AN/A163,57221,660414,749106,311
2024-05-03$16.68$11.00223.8%78.7%125.9%100.0%277.0%-56.8%-29.1%3.6M-443.4M-905.6K0.1825.76N/AN/A315,70958,055470,408119,697
2024-05-06$15.91$12.00206.5%50.4%127.0%90.0%191.9%-65.7%-10.2%3.5M-368.6M-874.9K0.3229.75N/AN/A246,41877,746457,959125,307
2024-05-07$16.27$12.00186.8%44.3%126.9%78.4%167.6%-59.0%-9.6%4.4M-404.3M-940.0K0.3125.77N/AN/A130,37740,092523,755153,276
2024-05-08$16.00$13.00175.7%44.7%127.1%72.0%165.1%-67.7%-5.6%4.7M-385.6M-902.6K0.3622.15N/AN/A113,76340,957540,004162,568
2024-05-09$17.91$13.00188.1%48.4%131.3%79.2%168.4%-63.1%6.1%5.9M-516.6M-924.8K0.2323.73N/AN/A142,41733,319563,469175,897
2024-05-10$17.41$14.00162.0%42.8%130.6%64.1%160.0%-70.2%-7.6%6.7M-480.2M-912.3K0.3723.07N/AN/A277,103102,605588,205189,892
2024-05-13$29.77$15.00279.8%73.1%219.7%100.0%248.4%-34.4%-16.4%4.5M-1.19B-1.1M0.7514.71N/AN/A381,952286,078501,296161,851
2024-05-14$47.59$15.00349.1%91.4%264.1%100.0%305.2%-22.9%-35.2%3.9M-2.31B-1.4M1.219.92N/AN/A338,437409,555549,079298,242
2024-05-15$39.75$17.00324.4%84.3%278.0%91.7%298.3%-53.4%-33.6%3.7M-1.76B-1.8M0.6710.84N/AN/A492,928332,543588,119471,216
2024-05-16$28.95$18.00249.5%67.3%309.2%66.5%243.2%-51.5%-14.4%3.8M-805.1M-1.8M0.638.47N/AN/A442,446280,093648,257566,123
2024-05-17$21.75$18.00223.2%61.3%331.5%57.6%252.9%-120.8%-13.8%-1.0M-198.3M-1.6M0.768.12N/AN/A597,060451,717699,927611,047
2024-05-20$20.27$18.00181.3%51.0%332.9%43.6%228.4%-115.5%-4.2%1.4M-252.3M-1.5M0.619.33N/AN/A236,654144,775507,626402,333
2024-05-21$21.02$18.00177.4%50.2%332.7%42.2%209.2%-120.1%-5.5%2.5M-344.7M-1.7M0.4614.18N/AN/A189,77987,949603,532439,457
2024-05-22$21.79$18.00253.4%72.6%332.6%67.8%261.0%-154.9%-11.7%3.3M-484.5M-1.8M0.3611.17N/AN/A288,119103,979680,700450,270
2024-05-23$18.63$20.00199.8%57.5%339.5%49.8%239.3%-142.3%-3.0%1.9M-270.5M-1.8M0.4510.50N/AN/A227,274102,662812,637484,588
2024-05-24$19.52$20.00201.3%58.8%339.3%50.3%232.5%-153.7%-1.8%2.8M-337.8M-1.9M0.3914.44N/AN/A277,537109,274862,161493,864
2024-05-28$23.02$20.00216.1%64.1%341.3%55.2%240.7%-103.9%-10.9%4.8M-628.0M-2.1M0.5211.68N/AN/A376,586197,496675,353376,737
2024-05-29$21.63$20.00192.7%57.6%342.5%47.4%215.9%-88.0%-9.4%5.1M-531.4M-2.1M0.449.29N/AN/A156,18969,436782,033427,441
2024-05-30$22.18$20.00172.8%53.0%342.3%40.7%205.9%-80.7%-4.9%6.7M-578.1M-2.1M0.3510.31N/AN/A198,16669,207824,306443,763
2024-05-31$23.16$20.00187.9%55.7%341.2%45.8%208.6%-79.8%-21.3%9.5M-701.6M-2.1M0.3212.87N/AN/A215,08668,713876,375451,207