GME Options History — November 2025

In November 2025, GME traded between $20.03 and $22.52. ATM implied volatility averaged 61.9%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 37.5% (HV 20d: 24.3%). Max pain ranged from $22.00 to $23.50. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.20.

Notable Days

  • 2025-11-28: Highest Volume — 305,451 contracts
  • 2025-11-25: Largest IV drop — 8.7% change
  • 2025-11-21: Highest IV Rank — 34.9%
  • 2025-11-21: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.19$20.03$22.52$22.13$22.52
Max Pain$22.47$22.00$23.50$23.50$22.00
ATM IV61.9%53.0%70.6%53.1%62.6%
Expected Move18.1%14.7%20.0%14.7%19.6%
HV 20d24.3%15.5%28.1%26.5%28.1%
HV 60d31.3%30.9%32.5%31.2%32.5%
IV Rank22.4%12.4%34.9%12.4%26.0%
IV Percentile37.8%15.9%57.9%16.3%38.9%
Term Structure1.8%-5.0%12.6%8.8%-4.4%
VWIV69.5%62.5%76.0%62.5%74.1%
Skew 25d-8.0%-16.7%-0.3%-11.7%-9.8%
Skew 10d-22.3%-48.1%-0.8%-25.0%-10.3%
Call IV 25d69.2%63.6%74.8%65.2%73.0%
Put IV 25d61.2%48.6%69.7%53.5%63.2%
Bid-Ask Spread %17.2511.0125.5918.8221.31
Gamma HHI0.160.090.500.150.26
Net GEX8.6M-9.3M24.7M8.3M24.7M
Net DEX-180.9M-521.3M-102.2M-164.0M-521.3M
Net VEX-1.9M-2.5M-1.7M-1.7M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.060.430.200.07
Total Volume145,416.89575,863305,451127,850305,451
Total OI720,649.526627,306785,465627,428769,343

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$22.13$23.5053.1%14.7%26.5%12.4%62.5%-11.7%8.8%8.3M-164.0M-1.7M0.2018.82N/AN/A106,91920,931483,148144,280
2025-11-04$22.07$23.5053.0%14.9%25.8%12.4%62.9%-12.6%9.7%9.8M-176.2M-1.8M0.2014.52N/AN/A105,53821,040531,725152,243
2025-11-05$22.11$23.0054.8%14.8%25.8%14.0%63.3%-14.4%11.3%10.5M-182.4M-1.8M0.2111.96N/AN/A69,76514,682562,008161,261
2025-11-06$21.49$23.0054.7%17.7%26.7%14.0%67.7%-16.7%12.6%5.0M-114.4M-1.8M0.0616.03N/AN/A154,1599,844582,575165,677
2025-11-07$21.52$23.0057.9%18.7%26.2%17.1%69.7%-12.0%11.4%3.2M-113.3M-1.8M0.4314.43N/AN/A112,80848,772589,279166,391
2025-11-10$21.54$23.0061.7%18.4%26.3%20.7%70.8%-10.7%1.2%8.7M-152.1M-1.8M0.1125.00N/AN/A116,15712,589518,937151,251
2025-11-11$21.48$23.0063.5%18.2%26.3%22.6%68.7%-13.4%-2.8%9.2M-148.4M-1.8M0.1616.01N/AN/A105,79716,778549,696156,027
2025-11-12$21.30$23.0063.2%18.0%26.1%22.2%69.9%-11.4%-1.4%9.0M-150.4M-1.9M0.1221.49N/AN/A91,74011,081574,922164,098
2025-11-13$20.91$22.0064.8%18.8%25.6%23.8%70.0%-4.9%1.6%6.2M-119.3M-1.8M0.2314.71N/AN/A135,71531,052595,601168,189
2025-11-14$20.64$22.0063.3%18.0%25.3%22.3%69.0%-6.7%-1.1%3.9M-102.2M-1.9M0.2625.59N/AN/A115,83429,616612,322168,693
2025-11-17$20.41$22.0064.3%18.3%25.0%23.2%72.3%-4.0%0.6%5.8M-104.8M-1.9M0.2011.01N/AN/A98,76919,413523,984159,074
2025-11-18$20.58$22.0065.9%18.9%25.5%24.8%70.5%-4.2%-1.1%7.7M-130.8M-1.9M0.1515.64N/AN/A80,65912,504553,370163,467
2025-11-19$20.44$22.0066.2%19.0%24.7%25.4%70.8%-5.9%-2.5%8.0M-130.3M-1.9M0.1717.00N/AN/A64,70711,156575,162165,429
2025-11-20$20.04$22.0068.3%19.6%15.5%32.2%73.2%-4.2%-2.0%5.6M-106.5M-1.9M0.2816.81N/AN/A129,74135,799590,447167,073
2025-11-21$20.03$22.0070.6%20.0%15.7%34.9%76.0%-5.1%1.7%-9.3M-128.2M-2.0M0.3816.64N/AN/A146,04756,079614,611170,854
2025-11-24$20.52$22.0066.3%18.5%18.9%29.9%71.8%-0.3%-3.0%10.7M-201.4M-2.0M0.2415.54N/AN/A109,82826,008492,905134,401
2025-11-25$21.06$22.0060.5%18.5%22.2%23.6%68.8%-4.0%-0.9%16.3M-297.7M-2.3M0.1615.18N/AN/A148,89424,168541,438144,451
2025-11-26$21.78$22.0060.7%18.7%26.1%23.8%68.9%-1.0%-5.0%20.5M-392.9M-2.4M0.2020.03N/AN/A136,10726,774575,006153,003
2025-11-28$22.52$22.0062.6%19.6%28.1%26.0%74.1%-9.8%-4.4%24.7M-521.3M-2.5M0.0721.31N/AN/A284,17221,279606,054163,289