GPIQ Options History — January 2025

In January 2025, GPIQ traded between $47.96 and $50.35. ATM implied volatility averaged 30.0%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 13.3% (HV 20d: 16.6%). Max pain ranged from $48.00 to $52.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.49.

Notable Days

2025-01-17: Highest Volume — 42 contracts
2025-01-10: Largest IV spike — 1237.7% change
2025-01-10: Highest IV Rank — 100.0%
2025-01-29: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.30	$47.96	$50.35	$48.87	$49.69
Max Pain	$48.70	$48.00	$52.00	$52.00	$48.00
ATM IV	30.0%	9.4%	190.0%	21.8%	9.4%
Expected Move	4.8%	2.7%	7.8%	6.2%	2.7%
HV 20d	16.6%	14.8%	18.7%	15.0%	17.6%
HV 60d	15.1%	14.0%	16.4%	14.1%	15.8%
IV Rank	16.0%	0.7%	100.0%	21.3%	0.7%
IV Percentile	40.0%	1.6%	100.0%	42.5%	1.6%
Term Structure	2.0%	-9.9%	16.0%	-6.8%	16.0%
VWIV	13.3%	8.4%	24.2%	18.9%	9.6%
Skew 25d	5.6%	-7.9%	77.3%	-4.8%	7.5%
Skew 10d	4.2%	-22.4%	53.4%	-22.4%	5.6%
Call IV 25d	15.8%	5.9%	32.5%	32.5%	5.9%
Put IV 25d	21.4%	8.1%	87.3%	27.7%	13.4%
Bid-Ask Spread %	162.09	150.46	193.18	156.61	152.22
Gamma HHI	0.40	0.20	0.82	0.22	0.46
Net GEX	6.4K	-3.1K	20.5K	-650	19.9K
Net DEX	-36.6K	-105.1K	33.0K	5.5K	-105.1K
Net VEX	-137	-250	-35	-35	-156
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.00	2.00	0.00	1.00
Total Volume	5.2	0	42	1	4
Total OI	28.95	9	45	9	45

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$48.87	$52.00	21.8%	6.2%	15.0%	21.3%	18.9%	-4.8%	-6.8%	-650	5.5K	-35	0.00	156.61	0	1	2	7
2025-01-03	$49.21	$52.00	22.1%	6.3%	14.8%	21.8%	0.0%	-4.8%	-9.9%	-431	6.5K	-37	0.00	164.95	0	0	2	8
2025-01-06	$49.65	$51.00	32.2%	5.9%	15.2%	37.4%	0.0%	3.4%	-2.6%	-197	5.3K	-35	0.00	167.72	2	0	2	8
2025-01-07	$48.88	$51.00	28.6%	6.3%	16.0%	31.9%	14.1%	-7.9%	-7.3%	-504	3.6K	-48	0.00	169.81	0	2	4	8
2025-01-08	$48.95	$48.00	14.2%	6.3%	15.9%	9.6%	0.0%	7.1%	-2.7%	-450	3.8K	-67	0.00	171.04	0	2	4	10
2025-01-10	$48.30	$48.00	190.0%	4.5%	16.5%	100.0%	0.0%	77.3%	-1.5%	-1.4K	16.2K	-87	0.00	193.18	0	1	4	12
2025-01-13	$48.07	$48.00	53.5%	4.6%	15.6%	25.0%	13.4%	8.0%	-1.5%	-2.5K	21.7K	-71	0.83	162.19	6	5	4	13
2025-01-14	$47.96	$48.00	61.1%	4.4%	15.6%	29.2%	12.9%	4.1%	-1.1%	-3.1K	33.0K	-117	0.00	160.35	15	0	8	18
2025-01-15	$49.19	$48.00	22.8%	6.5%	18.3%	8.1%	0.0%	2.2%	-4.2%	1.4K	-28.6K	-207	0.00	172.56	0	0	23	18
2025-01-16	$49.02	$48.00	12.6%	3.6%	17.8%	2.5%	0.0%	2.3%	6.4%	2.3K	-26.8K	-193	2.00	162.45	1	2	23	18
2025-01-17	$49.61	$48.00	15.9%	4.6%	18.5%	4.3%	0.0%	5.6%	10.1%	6.6K	-43.2K	-163	0.00	158.41	0	42	22	20
2025-01-21	$49.84	$48.00	16.4%	4.7%	15.8%	4.6%	9.9%	-1.3%	9.8%	20.5K	-70.8K	-127	0.00	155.77	2	0	22	8
2025-01-22	$50.35	$48.00	11.8%	3.4%	16.2%	2.1%	12.6%	-7.4%	0.2%	10.1K	-81.7K	-147	0.00	150.46	3	0	24	8
2025-01-23	$50.30	$48.00	10.8%	3.1%	16.0%	1.5%	0.0%	-5.1%	7.4%	11.5K	-91.3K	-170	0.00	155.40	0	0	27	8
2025-01-24	$50.15	$48.00	10.8%	3.1%	15.9%	1.5%	9.8%	-0.1%	9.7%	12.1K	-90.9K	-166	0.00	157.39	1	0	27	8
2025-01-27	$48.97	$48.00	14.1%	4.0%	17.8%	3.3%	14.1%	9.7%	4.5%	11.4K	-49.6K	-199	1.33	152.85	3	4	27	8
2025-01-28	$49.72	$48.00	12.5%	3.6%	18.7%	2.5%	8.4%	5.9%	7.3%	13.8K	-81.4K	-230	0.00	155.61	2	0	30	12
2025-01-29	$49.54	$48.00	27.3%	7.8%	18.0%	10.6%	24.2%	5.7%	-4.2%	12.8K	-77.2K	-250	0.00	162.73	1	0	32	12
2025-01-30	$49.66	$48.00	12.0%	3.4%	18.0%	2.2%	11.2%	4.4%	11.1%	15.0K	-80.1K	-227	0.67	160.09	3	2	31	12
2025-01-31	$49.69	$48.00	9.4%	2.7%	17.6%	0.7%	9.6%	7.5%	16.0%	19.9K	-105.1K	-156	1.00	152.22	2	2	31	14