GME Options History — January 2026

In January 2026, GME traded between $20.73 and $24.22. ATM implied volatility averaged 42.5%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 8.6% (HV 20d: 33.9%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.14.

Notable Days

  • 2026-01-26: Highest Volume — 740,111 contracts
  • 2026-01-26: Largest IV spike — 24.9% change
  • 2026-01-27: Highest IV Rank — 23.9%
  • 2026-01-26: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.93$20.73$24.22$20.73$23.80
Max Pain$20.80$20.00$22.00$22.00$21.00
ATM IV42.5%34.9%55.4%39.0%51.2%
Expected Move12.3%10.0%16.7%10.6%14.3%
HV 20d33.9%25.8%39.3%38.1%36.9%
HV 60d31.7%29.4%34.6%31.0%34.6%
IV Rank7.9%0.0%23.9%2.6%18.9%
IV Percentile10.3%0.0%37.3%2.4%26.2%
Term Structure0.5%-2.2%3.2%1.1%-0.1%
VWIV48.1%38.3%67.2%43.9%64.6%
Skew 25d-6.0%-18.0%-0.5%-5.6%-9.9%
Skew 10d-13.4%-42.6%4.0%-12.2%-26.3%
Call IV 25d48.9%37.1%73.3%46.2%59.5%
Put IV 25d42.9%35.3%55.3%40.5%49.6%
Bid-Ask Spread %21.229.6646.1511.1316.68
Gamma HHI0.160.090.450.090.23
Net GEX23.0M9.5M49.3M9.5M38.6M
Net DEX-440.6M-863.4M-218.1M-218.1M-801.5M
Net VEX-3.5M-4.4M-3.0M-3.0M-4.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.090.250.240.11
Total Volume229,26876,720740,111169,217392,714
Total OI1,041,716831,2101,241,797967,9181,241,797

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$20.73$22.0039.0%10.6%38.1%2.6%43.9%-5.6%1.1%9.5M-218.1M-3.0M0.2411.13N/AN/A136,00133,216738,419229,499
2026-01-05$20.73$20.0040.7%12.1%38.1%4.6%44.8%-3.4%0.0%12.8M-224.4M-3.0M0.1724.66N/AN/A102,77517,699691,250225,771
2026-01-06$20.81$20.0039.2%11.6%38.2%2.9%41.8%-2.5%0.4%15.8M-239.9M-3.1M0.0910.90N/AN/A103,7638,853730,654235,326
2026-01-07$21.38$20.0040.9%11.9%39.3%4.8%43.4%-5.9%-2.2%22.0M-371.2M-3.3M0.1432.02N/AN/A221,53531,910766,179238,752
2026-01-08$21.39$20.0038.9%11.2%39.2%2.5%45.9%-2.1%2.3%24.4M-349.6M-3.3M0.1013.23N/AN/A92,5049,531816,007246,218
2026-01-09$21.23$20.0039.4%11.3%34.9%3.1%42.2%-5.9%-1.2%23.4M-307.6M-3.2M0.1133.68N/AN/A169,96119,512831,057248,826
2026-01-12$20.99$21.0039.1%11.6%34.8%2.7%44.0%-2.8%1.0%15.4M-265.6M-3.2M0.239.66N/AN/A88,45719,986773,642237,987
2026-01-13$20.95$21.0040.0%11.5%33.2%3.7%42.4%-4.7%-0.9%14.6M-242.2M-3.2M0.2511.19N/AN/A74,40818,668799,840252,084
2026-01-14$20.91$21.0039.3%11.7%29.2%2.9%45.4%-3.8%3.2%15.3M-247.3M-3.2M0.1329.82N/AN/A68,1948,526815,268258,970
2026-01-15$21.23$21.0036.0%10.6%29.8%0.0%41.5%-5.7%1.1%19.4M-275.4M-3.2M0.1516.62N/AN/A98,61315,009827,906260,573
2026-01-16$21.13$21.0034.9%10.0%26.1%0.0%38.3%-0.5%0.3%19.0M-267.8M-3.2M0.1211.85N/AN/A215,47825,211845,518272,198
2026-01-20$21.09$21.0036.6%10.5%25.8%2.1%41.0%-1.0%2.3%17.2M-287.6M-3.1M0.1546.15N/AN/A132,62419,920616,976214,234
2026-01-21$21.64$21.0038.5%11.0%27.4%4.3%40.1%-0.9%-0.3%24.2M-395.5M-3.4M0.1122.85N/AN/A160,80817,524665,237225,854
2026-01-22$23.02$21.0046.2%13.2%33.8%13.1%49.2%-8.1%0.5%27.6M-683.2M-3.7M0.1118.67N/AN/A428,25745,510708,442229,771
2026-01-23$22.99$21.0044.3%12.7%32.9%11.0%48.1%-9.4%0.7%49.3M-668.4M-3.9M0.1314.84N/AN/A291,53138,966797,395246,824
2026-01-26$23.95$21.0055.3%16.7%35.5%23.8%67.1%-18.0%-0.4%23.2M-786.9M-4.1M0.1029.61N/AN/A669,76370,348744,434237,715
2026-01-27$24.22$21.0055.4%15.8%34.3%23.9%67.2%-13.9%-0.3%31.8M-863.4M-4.4M0.1118.46N/AN/A269,41930,796882,712258,328
2026-01-28$23.56$21.0052.2%14.5%34.3%20.2%58.1%-9.6%-0.5%31.1M-737.9M-4.2M0.1132.89N/AN/A186,25121,282932,561268,196
2026-01-29$22.88$21.0043.7%12.7%36.6%10.3%53.1%-6.4%2.8%26.2M-579.3M-4.2M0.1119.41N/AN/A207,02322,814949,455272,445
2026-01-30$23.80$21.0051.2%14.3%36.9%18.9%64.6%-9.9%-0.1%38.6M-801.5M-4.4M0.1116.68N/AN/A353,22739,487965,052276,745