GPIQ Options History — February 2025

In February 2025, GPIQ traded between $47.73 and $50.70. ATM implied volatility averaged 13.3%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 2.2% (HV 20d: 15.4%). Max pain ranged from $48.00 to $50.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.91.

Notable Days

2025-02-24: Highest Volume — 29 contracts
2025-02-19: Largest IV spike — 97.4% change
2025-02-19: Highest IV Rank — 8.3%
2025-02-19: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.60	$47.73	$50.70	$49.06	$47.93
Max Pain	$48.58	$48.00	$50.00	$48.00	$50.00
ATM IV	13.3%	9.1%	23.2%	12.9%	17.2%
Expected Move	4.5%	2.8%	6.7%	3.7%	4.9%
HV 20d	15.4%	11.9%	18.3%	18.2%	14.4%
HV 60d	15.0%	14.4%	15.9%	15.9%	15.7%
IV Rank	2.9%	0.6%	8.3%	2.7%	5.1%
IV Percentile	15.7%	1.6%	50.0%	14.1%	35.7%
Term Structure	4.6%	-7.8%	61.2%	6.7%	61.2%
VWIV	15.7%	10.0%	20.6%	15.5%	20.6%
Skew 25d	5.7%	-9.9%	87.1%	7.5%	87.1%
Skew 10d	11.2%	-11.9%	123.5%	22.5%	123.5%
Call IV 25d	14.1%	6.5%	24.8%	9.4%	10.6%
Put IV 25d	19.8%	11.5%	97.7%	16.9%	97.7%
Bid-Ask Spread %	148.09	123.88	175.05	153.06	175.05
Gamma HHI	0.41	0.25	0.53	0.52	0.37
Net GEX	7.7K	-19.2K	21.6K	15.9K	-14.8K
Net DEX	-47.8K	-128.6K	152.4K	-55.2K	123.0K
Net VEX	-187	-292	-94	-250	-292
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.91	0.00	8.67	1.00	8.67
Total Volume	3.947	0	29	2	6
Total OI	51.421	20	57	49	57

Daily Data (19 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
2025-02-03	$49.06	$48.00	12.9%	3.7%	18.2%	2.7%	15.5%	7.5%	6.7%	15.9K	-55.2K	-250	1.00	153.06	1	1	33	16
2025-02-04	$49.48	$48.00	12.5%	3.6%	18.3%	2.5%	17.5%	1.8%	7.3%	15.0K	-75.6K	-240	1.00	154.33	1	1	34	17
2025-02-05	$49.59	$49.00	9.7%	2.8%	18.0%	0.9%	0.0%	3.8%	12.5%	21.6K	-93.3K	-217	0.00	154.98	0	0	35	18
2025-02-06	$49.84	$48.00	9.1%	6.2%	17.1%	0.6%	0.0%	-0.3%	-7.0%	21.5K	-111.0K	-186	0.00	155.70	0	0	35	18
2025-02-07	$49.48	$48.00	10.5%	6.0%	17.3%	1.4%	0.0%	-4.8%	-4.7%	20.9K	-81.5K	-217	0.00	149.43	0	0	35	18
2025-02-10	$49.97	$48.00	10.0%	6.3%	16.8%	1.1%	0.0%	-3.4%	-7.8%	18.8K	-112.6K	-173	0.00	154.44	0	0	35	18
2025-02-11	$49.85	$48.00	10.1%	5.8%	16.7%	1.1%	0.0%	4.8%	-4.5%	20.5K	-106.9K	-165	0.00	151.28	1	0	35	18
2025-02-12	$49.89	$48.00	19.6%	5.6%	16.7%	6.3%	0.0%	2.5%	-7.7%	18.8K	-108.7K	-156	0.00	150.55	0	0	34	18
2025-02-13	$50.38	$48.00	21.0%	6.0%	14.5%	7.1%	10.0%	-1.8%	-6.1%	12.9K	-117.6K	-152	0.00	152.75	2	0	34	18
2025-02-14	$50.61	$48.00	11.5%	3.3%	14.5%	1.9%	15.1%	-8.5%	1.2%	11.1K	-119.1K	-163	0.00	146.76	1	0	36	18
2025-02-18	$50.58	$48.00	11.8%	3.4%	14.0%	2.0%	0.0%	-7.7%	1.8%	12.6K	-128.6K	-130	0.00	146.75	0	1	37	18
2025-02-19	$50.70	$48.00	23.2%	6.7%	13.9%	8.3%	0.0%	-9.9%	-7.5%	7.6K	-104.9K	-141	0.00	156.88	4	0	37	19
2025-02-20	$50.55	$48.00	10.9%	3.1%	13.5%	1.6%	0.0%	7.7%	3.5%	2.2K	-77.5K	-139	0.50	145.06	2	1	37	19
2025-02-21	$49.77	$48.00	10.6%	3.0%	14.6%	1.4%	12.8%	3.2%	7.8%	16.1K	-73.9K	-96	6.00	135.34	2	12	35	20
2025-02-24	$49.46	$50.00	11.8%	3.4%	14.8%	2.0%	15.3%	8.0%	8.2%	-2.9K	15.5K	-94	8.67	137.68	3	26	5	15
2025-02-25	$48.73	$50.00	11.5%	3.3%	13.2%	1.9%	14.9%	3.8%	8.7%	-15.9K	77.4K	-242	0.00	134.16	0	7	6	41
2025-02-26	$48.86	$50.00	14.9%	4.3%	11.9%	3.8%	0.0%	5.5%	8.8%	-16.0K	89.5K	-282	0.00	135.62	0	0	6	48
2025-02-27	$47.73	$50.00	13.2%	3.8%	14.3%	2.8%	19.6%	8.8%	4.5%	-19.2K	152.4K	-224	0.00	123.88	0	3	6	48
2025-02-28	$47.93	$50.00	17.2%	4.9%	14.4%	5.1%	20.6%	87.1%	61.2%	-14.8K	123.0K	-292	0.00	175.05	0	6	6	51