GME Options
GameStop Corp. Options Chain, Implied Volatility & Greeks
Comprehensive options market data for GameStop Corp. (GME). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics for the original meme stock.
GME Options at a Glance
What's Covered in This Guide
1 About GameStop Corp. (GME)
GameStop Corp. is a specialty retailer offering games, entertainment products, and collectibles. The company became famous as the original 'meme stock' in January 2021 when a Reddit-driven short squeeze caused the stock to surge over 1,000%. GME remains one of the most volatile and heavily traded options.
Company Profile
Key Dates
GameStop transformed from a struggling retailer to a cultural phenomenon. The company has raised billions through stock sales and maintains a loyal retail investor following.
2 GME Options Market Overview
GME options are among the most actively traded by retail investors. The stock's meme status creates unique options dynamics with extreme premium and gamma effects.
Liquidity Assessment: Very Good
GME options liquidity is strong with heavy retail participation. Volume spikes during meme stock rallies.
3 GME Volatility Profile
GME implied volatility is extremely elevated due to its meme stock status and history of violent price swings. IV can spike to 300%+ during squeeze events.
Earnings Impact
IV rises before earnings but social media events (Keith Gill posts) can spike IV more than earnings.
Historical Volatility vs IV
GME IV is often elevated above historical volatility due to squeeze risk premium.
Term Structure
Frequently inverted as short-term squeeze risk commands premium.
GME Gamma Exposure (GEX)
Gamma Exposure (GEX) analysis for GME is critical - gamma squeezes have driven historic price moves.
Typical GEX Profile: GME gamma exposure can flip dramatically. Heavy call buying can create self-reinforcing gamma squeezes.
Key Levels: Round strikes attract heavy open interest. Gamma walls can act as magnets or barriers.
Dealer Hedging: GME dealer hedging dynamics are extreme. Delta hedging of call options can accelerate rallies into squeezes.
4 Common GME Options Strategies
These are strategies commonly used by traders on GME options, based on typical market characteristics. This is not investment advice.
Extremely rich premiums but very high assignment risk during squeezes. Popular among long-term holders.
Essential due to extreme premium costs. Spreads make directional plays more affordable.
Used to accumulate shares at lower prices. High premiums reflect high risk.
Popular retail strategy hoping for squeeze. Very expensive but unlimited upside potential.
Used around Keith Gill events and earnings. Expensive but GME can exceed implied moves.
Key Considerations for GME Options
- GME is the original meme stock - social media sentiment drives price more than fundamentals
- Keith Gill (Roaring Kitty) posts can move the stock 50%+ instantly
- Gamma squeeze potential remains due to options market structure
- Short interest is closely watched as squeeze fuel
- The company has raised billions diluting shares but retail holders remain loyal
- Options premiums are extreme but often justified by realized volatility
Frequently Asked Questions: GME Options
How liquid are GME options?
GME options have strong liquidity with average daily volume exceeding 300,000 contracts. The retail-driven market ensures active trading.
What is GME's typical implied volatility?
GME implied volatility typically ranges from 50% to 400%. Normal conditions see IV between 80-150%, but squeeze events can push IV above 300%.
What is a gamma squeeze in GME?
A gamma squeeze occurs when heavy call buying forces market makers to buy shares to hedge, which pushes the price higher, causing more hedging - a self-reinforcing cycle.
How does Keith Gill affect GME options?
Keith Gill (Roaring Kitty) posts on social media can move GME 50%+ instantly. His activity creates massive IV spikes and options volume surges.
Is GME still a meme stock?
Yes, GME remains the quintessential meme stock. While the company has improved its balance sheet, price action is still driven primarily by social media sentiment and squeeze dynamics.
What is GME's short interest?
GME short interest fluctuates but remains watched closely. High short interest provides potential squeeze fuel, while low short interest reduces squeeze probability.
Why are GME options so expensive?
GME options are expensive due to extreme implied volatility. The stock's history of 100%+ moves in days justifies high premiums for both calls and puts.
Are LEAPS available for GME?
Yes, GME LEAPS are available but very expensive due to high IV. Long-term believers use LEAPS for leveraged exposure with defined risk.
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