GME Options History — April 2025

In April 2025, GME traded between $21.27 and $27.75. ATM implied volatility averaged 76.0%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded below realized volatility by 33.2% (HV 20d: 109.1%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.25.

Notable Days

2025-04-04: Highest Volume — 501,705 contracts
2025-04-04: Largest IV spike — 34.4% change
2025-04-04: Highest IV Rank — 13.9%
2025-04-04: Largest Expected Move — 26.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.60	$21.27	$27.75	$22.66	$27.70
Max Pain	$22.95	$22.00	$24.00	$23.00	$24.00
ATM IV	76.0%	63.5%	94.8%	75.3%	67.9%
Expected Move	21.5%	15.9%	26.3%	21.6%	17.0%
HV 20d	109.1%	65.5%	123.2%	111.4%	65.5%
HV 60d	78.8%	75.5%	81.5%	75.8%	79.0%
IV Rank	7.5%	3.3%	13.9%	7.3%	4.8%
IV Percentile	29.3%	6.0%	56.3%	31.0%	13.1%
Term Structure	2.5%	-5.0%	9.5%	-1.7%	5.9%
VWIV	83.7%	63.4%	104.3%	80.9%	74.5%
Skew 25d	-14.6%	-22.0%	-8.2%	-11.4%	-15.6%
Skew 10d	-36.1%	-54.6%	-13.7%	-25.6%	-24.7%
Call IV 25d	89.5%	74.9%	111.2%	85.9%	78.1%
Put IV 25d	74.9%	61.6%	89.8%	74.5%	62.5%
Bid-Ask Spread %	32.68	21.87	45.14	22.67	28.05
Gamma HHI	0.10	0.06	0.18	0.07	0.11
Net GEX	18.0M	6.3M	30.0M	10.4M	21.9M
Net DEX	-633.4M	-876.2M	-192.6M	-337.3M	-710.1M
Net VEX	-3.5M	-3.7M	-2.9M	-3.0M	-3.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.18	0.51	0.28	0.18
Total Volume	244,704.19	122,621	501,705	189,751	126,624
Total OI	1,263,631.952	1,086,139	1,420,781	1,276,850	1,156,785

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
2025-04-01	$22.66	$23.00	75.3%	21.6%	111.4%	7.3%	80.9%	-11.4%	-1.7%	10.4M	-337.3M	-3.0M	0.28	22.67	N/A	N/A	148,069	41,682	940,886	335,964
2025-04-02	$22.62	$23.00	72.4%	21.2%	111.0%	6.3%	81.7%	-9.4%	-1.0%	11.3M	-329.9M	-3.1M	0.20	21.87	N/A	N/A	127,754	25,856	983,953	343,300
2025-04-03	$21.27	$23.00	70.5%	20.9%	112.4%	5.7%	77.6%	-12.4%	3.5%	6.3M	-192.6M	-2.9M	0.25	37.33	N/A	N/A	177,982	43,663	1,010,159	346,465
2025-04-04	$23.71	$22.00	94.8%	26.3%	119.6%	13.9%	97.4%	-18.0%	1.2%	18.3M	-574.2M	-3.4M	0.22	32.95	N/A	N/A	411,183	90,522	1,041,481	342,038
2025-04-07	$23.98	$22.00	88.7%	25.4%	117.4%	11.9%	95.0%	-19.8%	-0.3%	13.3M	-564.4M	-3.4M	0.23	40.78	N/A	N/A	258,605	60,255	913,827	307,862
2025-04-08	$23.08	$22.00	79.2%	23.7%	118.3%	8.6%	89.1%	-8.2%	5.9%	11.3M	-440.9M	-3.2M	0.29	42.25	N/A	N/A	162,205	46,440	965,558	325,185
2025-04-09	$25.20	$23.00	72.1%	20.5%	121.6%	6.2%	77.5%	-8.3%	-1.1%	20.2M	-665.3M	-3.4M	0.51	45.14	N/A	N/A	223,016	112,852	985,252	333,598
2025-04-10	$24.70	$23.00	82.1%	23.8%	121.7%	9.6%	95.8%	-16.1%	5.5%	19.6M	-631.6M	-3.5M	0.20	34.90	N/A	N/A	322,706	65,593	1,014,465	342,103
2025-04-11	$26.20	$23.00	89.3%	26.0%	122.1%	12.1%	104.3%	-22.0%	0.3%	30.0M	-876.2M	-3.7M	0.26	25.16	N/A	N/A	375,582	98,356	1,071,323	349,458
2025-04-14	$26.66	$23.00	86.0%	24.9%	121.9%	10.9%	95.4%	-17.6%	-5.0%	20.2M	-786.5M	-3.7M	0.22	33.79	N/A	N/A	225,963	50,284	960,093	309,465
2025-04-15	$26.80	$23.00	82.7%	23.9%	121.8%	9.8%	92.1%	-19.2%	0.1%	21.4M	-811.3M	-3.7M	0.22	31.64	N/A	N/A	159,723	35,071	1,001,715	324,736
2025-04-16	$26.00	$23.00	78.0%	22.4%	122.5%	8.2%	89.3%	-16.4%	-2.5%	17.1M	-690.9M	-3.6M	0.26	33.02	N/A	N/A	154,397	39,605	1,033,473	337,427
2025-04-17	$26.73	$23.00	77.3%	22.0%	122.7%	8.0%	85.6%	-16.4%	3.2%	23.5M	-790.3M	-3.7M	0.32	27.90	N/A	N/A	224,874	73,031	1,051,493	338,967
2025-04-21	$26.37	$23.00	74.7%	21.1%	122.1%	7.1%	85.3%	-9.2%	0.6%	13.8M	-623.5M	-3.5M	0.23	32.53	N/A	N/A	146,238	33,858	826,288	265,885
2025-04-22	$27.75	$23.00	73.2%	20.5%	122.8%	6.6%	80.1%	-13.9%	1.8%	19.8M	-788.4M	-3.7M	0.18	32.10	N/A	N/A	184,697	33,842	862,660	277,570
2025-04-23	$27.12	$23.00	67.7%	19.8%	123.2%	4.7%	78.7%	-16.4%	8.6%	20.0M	-727.6M	-3.6M	0.23	34.29	N/A	N/A	162,115	37,405	896,884	281,016
2025-04-24	$26.99	$23.00	67.5%	19.1%	116.8%	4.7%	75.4%	-12.4%	3.5%	19.4M	-690.6M	-3.6M	0.27	34.70	N/A	N/A	130,728	34,695	921,214	293,559
2025-04-25	$27.30	$23.00	66.8%	17.8%	65.5%	4.5%	70.6%	-17.7%	4.8%	21.6M	-720.3M	-3.6M	0.20	31.84	N/A	N/A	200,181	41,009	936,910	294,509
2025-04-28	$27.36	$23.00	65.5%	17.1%	65.5%	4.0%	67.9%	-13.2%	8.8%	17.3M	-657.3M	-3.5M	0.21	31.33	N/A	N/A	107,162	22,344	819,835	266,304
2025-04-29	$27.45	$24.00	63.5%	15.9%	65.6%	3.3%	63.4%	-13.3%	9.5%	20.2M	-691.7M	-3.5M	0.26	32.10	N/A	N/A	97,305	25,316	854,314	272,292
2025-04-30	$27.70	$24.00	67.9%	17.0%	65.5%	4.8%	74.5%	-15.6%	5.9%	21.9M	-710.1M	-3.5M	0.18	28.05	N/A	N/A	107,385	19,239	875,603	281,182