GME Options History — March 2025

In March 2025, GME traded between $21.77 and $28.36. ATM implied volatility averaged 80.6%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 20.9%. IV traded above realized volatility by 24.6% (HV 20d: 56.0%). Max pain ranged from $20.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.28.

Notable Days

2025-03-27: Highest Volume — 1,163,211 contracts
2025-03-27: Largest IV spike — 37.4% change
2025-03-27: Highest IV Rank — 14.2%
2025-03-27: Largest Expected Move — 25.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.74	$21.77	$28.36	$24.25	$22.25
Max Pain	$24.30	$20.00	$30.00	$25.00	$23.00
ATM IV	80.6%	69.7%	95.7%	83.5%	79.4%
Expected Move	20.9%	15.8%	25.5%	18.8%	22.7%
HV 20d	56.0%	41.0%	111.3%	50.6%	111.2%
HV 60d	56.4%	49.7%	75.8%	55.4%	75.8%
IV Rank	9.1%	5.4%	14.2%	10.1%	8.7%
IV Percentile	37.7%	18.3%	56.7%	42.5%	40.1%
Term Structure	-0.3%	-11.7%	17.0%	17.0%	3.2%
VWIV	79.9%	63.8%	95.0%	74.9%	87.2%
Skew 25d	-19.8%	-30.4%	-11.7%	-15.9%	-17.4%
Skew 10d	-40.9%	-54.0%	-20.1%	-43.3%	-20.1%
Call IV 25d	96.8%	86.4%	112.2%	98.2%	96.5%
Put IV 25d	77.0%	66.5%	90.8%	82.3%	79.2%
Bid-Ask Spread %	24.94	10.44	58.20	19.28	36.59
Gamma HHI	0.08	0.05	0.14	0.07	0.07
Net GEX	7.2M	1.9M	19.9M	6.1M	6.6M
Net DEX	-230.3M	-637.2M	-18.0M	-224.7M	-275.8M
Net VEX	-2.0M	-2.9M	-1.6M	-2.0M	-2.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.17	0.70	0.20	0.31
Total Volume	220,605.381	60,290	1,163,211	105,072	271,804
Total OI	877,638.571	728,507	1,469,252	728,507	1,194,341

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$24.25	$25.00	83.5%	18.8%	50.6%	10.1%	74.9%	-15.9%	17.0%	6.1M	-224.7M	-2.0M	0.20	19.28	N/A	N/A	87,651	17,421	556,697	171,810
2025-03-04	$24.43	$25.00	83.3%	20.1%	48.4%	10.0%	73.1%	-29.0%	4.1%	6.8M	-240.9M	-2.0M	0.22	16.97	N/A	N/A	78,736	17,355	587,505	179,802
2025-03-05	$25.02	$25.00	88.3%	19.6%	49.3%	11.7%	79.2%	-30.4%	-3.9%	9.1M	-278.3M	-2.1M	0.20	15.05	N/A	N/A	66,622	13,513	607,433	183,455
2025-03-06	$24.25	$25.00	84.7%	19.9%	49.2%	10.5%	78.4%	-19.0%	-7.5%	5.9M	-217.7M	-1.9M	0.26	19.20	N/A	N/A	80,935	20,840	629,173	187,532
2025-03-07	$24.04	$25.00	84.6%	18.6%	49.1%	10.5%	70.2%	-21.5%	0.3%	4.8M	-221.6M	-2.1M	0.23	25.41	N/A	N/A	102,458	23,162	650,551	189,846
2025-03-10	$22.60	$25.00	88.2%	21.8%	53.6%	11.7%	92.7%	-11.7%	5.8%	4.0M	-148.0M	-1.9M	0.22	11.74	N/A	N/A	107,820	23,941	571,368	177,734
2025-03-11	$22.84	$25.00	85.3%	20.1%	41.0%	10.7%	80.0%	-19.0%	-2.1%	4.9M	-152.9M	-1.8M	0.27	13.91	N/A	N/A	70,365	18,910	615,456	185,364
2025-03-12	$22.18	$24.50	87.8%	18.7%	41.6%	11.5%	79.6%	-16.5%	-11.7%	3.8M	-122.6M	-1.8M	0.20	11.91	N/A	N/A	54,340	10,910	634,303	187,658
2025-03-13	$21.77	$24.00	78.6%	18.9%	41.5%	8.4%	72.4%	-22.9%	-3.2%	2.4M	-89.9M	-1.6M	0.21	11.55	N/A	N/A	79,657	16,746	647,712	190,537
2025-03-14	$22.90	$23.50	81.5%	15.8%	46.1%	9.4%	63.8%	-17.4%	-5.0%	7.8M	-178.8M	-1.8M	0.19	10.44	N/A	N/A	126,476	24,097	668,904	194,416
2025-03-17	$23.55	$21.00	78.6%	23.1%	45.9%	8.4%	89.1%	-20.1%	-0.8%	7.1M	-213.1M	-1.8M	0.19	22.11	N/A	N/A	90,327	17,131	609,262	178,906
2025-03-18	$23.38	$21.00	75.9%	22.3%	45.9%	7.5%	88.7%	-20.5%	-1.7%	7.7M	-210.9M	-1.8M	0.17	26.10	N/A	N/A	51,384	8,906	638,789	183,613
2025-03-19	$23.77	$20.00	75.7%	23.0%	45.9%	7.5%	80.3%	-18.9%	2.7%	9.2M	-236.1M	-1.8M	0.18	33.93	N/A	N/A	86,187	15,788	657,474	186,009
2025-03-20	$23.61	$0.00	72.7%	23.8%	43.2%	6.4%	79.4%	-17.7%	-3.3%	9.2M	-228.7M	-1.8M	0.38	58.20	N/A	N/A	67,647	25,381	677,428	188,568
2025-03-21	$24.63	$30.00	74.2%	20.8%	45.8%	6.9%	77.9%	-19.4%	-2.7%	12.3M	-303.6M	-1.9M	0.31	42.36	N/A	N/A	152,529	47,314	692,684	192,333
2025-03-24	$25.47	$25.00	71.3%	20.7%	44.4%	6.0%	77.5%	-18.9%	2.3%	9.7M	-360.0M	-2.0M	0.27	26.04	N/A	N/A	123,710	33,522	595,420	170,533
2025-03-25	$25.45	$25.00	73.9%	20.6%	43.3%	6.8%	78.2%	-19.2%	-0.3%	10.0M	-363.5M	-2.1M	0.33	38.73	N/A	N/A	133,712	43,655	643,808	188,114
2025-03-26	$28.36	$25.00	69.7%	20.3%	57.5%	5.4%	72.6%	-21.9%	1.9%	19.9M	-637.2M	-2.3M	0.42	31.14	N/A	N/A	562,698	235,908	690,894	209,791
2025-03-27	$21.84	$25.00	95.7%	25.5%	111.3%	14.2%	95.0%	-21.4%	-1.6%	1.9M	-18.0M	-1.9M	0.70	32.46	N/A	N/A	683,406	479,805	778,659	267,276
2025-03-28	$21.94	$24.00	80.7%	22.9%	111.2%	9.1%	88.0%	-16.2%	0.8%	3.0M	-114.8M	-2.8M	0.41	20.65	N/A	N/A	326,875	133,069	1,060,781	408,471
2025-03-31	$22.25	$23.00	79.4%	22.7%	111.2%	8.7%	87.2%	-17.4%	3.2%	6.6M	-275.8M	-2.9M	0.31	36.59	N/A	N/A	207,016	64,788	873,899	320,442