Consumer Discretionary · Meme Stocks
GME Implied Volatility, IV Rank & Options Chain
GameStop Corp. (GME) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for GameStop Corp.
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GME options trade with implied volatility typically in the 50% - 400% range, averaging 300K+ contracts in daily volume with very good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
GME implied volatility
As of 2026-10-26As of 2026-10-26, GME's 30-day implied volatility is 48.5%, placing its 1-year IV percentile at 60.0 — above 60.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.
GME live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live GME chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
GME options at a glance
- Daily volume
- 300K+ contracts
- IV range
- 50% - 400%
- Bid-ask spread
- $0.03 - $0.10 ATM
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- 3M+ contracts
- Next earnings
- See earnings calendar
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
- Sector
- Consumer Discretionary
- Industry
- Specialty Retail
- Market cap
- $10B+
- Exchange
- NYSE
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- None
- Fiscal year end
- January
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.
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Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
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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.
- Average daily volume
- 300K+ contracts
- Total open interest
- 3M+ contracts
- Put/call ratio
- 0.50 - 0.90 typical
- Typical ATM spread
- $0.03 - $0.10 ATM
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Very Good
GME options liquidity is strong with heavy retail participation. Volume spikes during meme stock rallies.
GME implied volatility and IV rank
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.
The move options are pricing for the next report, and how the last 12 went: GME earnings expected move.
The post-earnings volatility drop is known as IV crush. Holders of short GME options should also understand early assignment risk around dividends and expiration.
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.
The smile, the term structure and the cone for GME, on today's chain.
Open GME in IV IntelligenceGME 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.
Where the gamma sits on GME right now, strike by strike.
See live GME GEXCommon GME options strategies
These are strategies commonly used by traders on GME options, based on typical market characteristics. This is not investment advice.
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
GME key events
Earnings months. March, June, September, December
- Keith Gill Social Media Posts (variable)
- Reddit/WallStreetBets Activity
- Short Interest Reports
- Company Share Sales (ATM offerings)
GME options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns GME's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/GME"What is GME's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on GME in the console, more prompts for GME, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about 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.
What is GME's IV rank?
GME's IV rank shows where GME's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. GME implied volatility typically ranges from 50% - 400%. Check GME's live IV rank and percentile on ApexVol's IV analytics.
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