GME GameStop (GME) options are among the most volatile and heavily traded, known for meme-driven squeezes, extreme IV, and unpredictable price action.

GME options carry extreme risk but also extreme premium. The stock's meme community and short interest create unique dynamics not found in traditional equities.

GME Options Characteristics

Avg Daily Volume

400K+ contracts

Typical Spread

$0.01-0.05

Typical IV Rank

50-90%

Expirations

Weekly, Monthly, Quarterly, LEAPS

Price Range

$15-40

Correlation

Low correlation with broader market, high with meme stock sentiment

Best Strategies for GME

Iron Condors (very wide)

Extreme premium from massive IV

Vertical Spreads

Defined risk on directional momentum

Cash-Secured Puts (small size)

Accumulate at low levels with risk control

Put Spreads

Bearish thesis with capped risk

Calendar Spreads

Exploit massive IV term structure skew

The Original Meme Stock

GME options can move 20-50% in a single session during squeeze events. IV is persistently elevated (50-90% rank). Only trade with strict position sizing and defined-risk strategies.

GME Options FAQ

How risky are GameStop options?

Extremely risky. GME can move 20-50% on social media catalysts, DFV posts, or short squeeze dynamics. IV ranks 50-90% persistently. Never sell naked options on GME. Always use defined-risk strategies and position size conservatively.

Can I sell premium on GME safely?

Only with defined-risk strategies (iron condors, credit spreads) and small position sizes. The premium is tempting but tail risk is enormous. A single squeeze event can wipe out months of premium-selling profits.