GPIQ Options History — March 2025

In March 2025, GPIQ traded between $44.27 and $47.32. ATM implied volatility averaged 19.6%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 4.1% (HV 20d: 23.6%). Max pain ranged from $43.00 to $50.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 4.28.

Notable Days

2025-03-07: Highest Volume — 42 contracts
2025-03-10: Largest IV spike — 120.6% change
2025-03-10: Highest IV Rank — 17.7%
2025-03-14: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.61	$44.27	$47.32	$46.63	$44.54
Max Pain	$48.88	$43.00	$50.00	$50.00	$43.00
ATM IV	19.6%	13.9%	40.2%	17.3%	21.2%
Expected Move	7.3%	3.2%	13.5%	5.0%	7.3%
HV 20d	23.6%	16.9%	28.5%	17.0%	27.1%
HV 60d	19.1%	16.5%	20.9%	16.5%	20.9%
IV Rank	6.3%	3.2%	17.7%	5.1%	7.2%
IV Percentile	41.9%	20.6%	93.3%	35.7%	48.0%
Term Structure	-1.7%	-10.7%	9.4%	7.4%	-0.5%
VWIV	17.5%	6.9%	25.4%	18.0%	8.7%
Skew 25d	2.3%	-9.3%	22.4%	20.3%	20.3%
Skew 10d	11.2%	-1.2%	28.7%	28.7%	22.9%
Call IV 25d	22.3%	10.9%	28.0%	12.6%	15.4%
Put IV 25d	24.6%	15.3%	35.7%	33.0%	35.7%
Bid-Ask Spread %	143.10	114.30	185.13	125.09	157.85
Gamma HHI	0.33	0.24	0.44	0.42	0.31
Net GEX	-18.7K	-30.5K	-9.4K	-13.6K	-30.5K
Net DEX	241.9K	88.1K	365.1K	198.3K	291.2K
Net VEX	-356	-580	-212	-219	-580
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.28	0.05	31.00	0.11	0.29
Total Volume	10.619	0	42	10	1
Total OI	104.524	63	142	63	138

Daily Data (21 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
2025-03-03	$46.63	$50.00	17.3%	5.0%	17.0%	5.1%	18.0%	20.3%	7.4%	-13.6K	198.3K	-219	0.11	125.09	9	1	6	57
2025-03-04	$46.95	$50.00	17.7%	5.1%	17.0%	5.3%	13.7%	22.4%	7.5%	-14.8K	183.9K	-268	0.40	124.39	5	2	15	60
2025-03-05	$47.32	$50.00	18.1%	5.2%	16.9%	5.5%	22.0%	1.5%	-10.0%	-16.6K	170.0K	-315	0.00	127.46	0	12	19	61
2025-03-06	$46.01	$50.00	20.1%	5.8%	19.1%	6.6%	24.6%	-3.3%	-4.4%	-14.1K	247.4K	-238	5.00	114.30	1	5	18	71
2025-03-07	$46.25	$50.00	18.2%	5.2%	19.1%	5.6%	14.6%	-8.4%	-7.2%	-17.0K	250.9K	-281	0.05	120.72	40	2	19	76
2025-03-10	$44.61	$50.00	40.2%	11.5%	22.3%	17.7%	21.4%	-0.4%	-4.5%	-9.4K	291.0K	-212	3.75	116.39	4	15	19	78
2025-03-11	$44.89	$50.00	22.8%	11.7%	22.0%	8.1%	0.0%	3.5%	-6.1%	-12.4K	299.1K	-310	0.00	124.20	0	0	21	89
2025-03-12	$45.06	$50.00	20.0%	12.2%	22.2%	6.5%	0.0%	3.1%	-8.9%	-13.3K	290.3K	-320	0.00	122.51	0	5	21	89
2025-03-13	$44.27	$50.00	19.1%	13.0%	22.6%	6.1%	0.0%	-2.2%	-4.0%	-11.5K	313.5K	-335	1.00	117.48	1	1	21	94
2025-03-14	$45.22	$50.00	20.2%	13.5%	24.0%	6.7%	19.7%	0.8%	-8.8%	-15.9K	301.1K	-344	0.00	121.22	0	4	21	95
2025-03-17	$45.83	$49.00	28.4%	5.9%	24.6%	11.2%	0.0%	-5.9%	-10.7%	-20.7K	281.4K	-319	0.00	142.60	0	0	21	94
2025-03-18	$44.92	$49.00	18.7%	4.0%	25.1%	5.9%	25.4%	1.5%	-8.0%	-15.7K	303.6K	-308	0.00	144.90	0	4	21	94
2025-03-19	$45.64	$49.00	19.9%	5.8%	26.2%	6.5%	0.0%	-5.9%	-8.6%	-21.7K	293.2K	-325	0.00	142.11	0	0	21	98
2025-03-20	$45.34	$0.00	16.6%	6.6%	26.2%	4.7%	0.0%	-7.4%	4.4%	-19.5K	296.9K	-307	31.00	185.13	1	31	21	98
2025-03-21	$45.29	$0.00	19.4%	6.8%	25.9%	6.3%	0.0%	-5.6%	0.5%	-28.3K	365.1K	-407	0.00	181.29	0	29	21	121
2025-03-24	$46.41	$0.00	15.1%	6.6%	27.9%	3.9%	0.0%	7.8%	7.2%	-20.9K	107.6K	-424	1.00	180.74	2	2	14	72
2025-03-25	$46.59	$0.00	13.9%	3.2%	27.6%	3.2%	6.9%	-9.3%	-6.7%	-24.2K	88.1K	-375	0.17	168.02	6	1	14	73
2025-03-26	$45.83	$47.00	14.4%	6.4%	28.0%	3.5%	0.0%	-3.4%	9.4%	-18.2K	113.7K	-493	0.00	166.00	0	20	20	73
2025-03-27	$45.81	$47.00	14.2%	6.8%	27.0%	3.4%	8.7%	2.0%	8.5%	-28.1K	153.6K	-557	0.29	164.61	7	2	20	93
2025-03-28	$44.50	$47.00	15.3%	6.0%	28.5%	4.0%	0.0%	16.4%	8.3%	-26.5K	240.3K	-530	0.00	158.13	0	10	23	95
2025-03-31	$44.54	$43.00	21.2%	7.3%	27.1%	7.2%	0.0%	20.3%	-0.5%	-30.5K	291.2K	-580	0.00	157.85	0	1	23	115