GPIQ Options History — April 2025

In April 2025, GPIQ traded between $38.91 and $44.75. ATM implied volatility averaged 34.0%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 14.3% (HV 20d: 48.3%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 4.95.

Notable Days

2025-04-03: Highest Volume — 85 contracts
2025-04-04: Largest IV spike — 245.4% change
2025-04-07: Highest IV Rank — 44.7%
2025-04-07: Largest Expected Move — 14.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.76	$38.91	$44.75	$44.42	$44.52
Max Pain	$44.05	$43.00	$45.00	$43.00	$45.00
ATM IV	34.0%	18.1%	89.4%	19.4%	20.3%
Expected Move	8.6%	5.8%	14.8%	6.9%	5.8%
HV 20d	48.3%	26.9%	57.3%	26.9%	56.4%
HV 60d	32.3%	20.9%	36.9%	20.9%	36.8%
IV Rank	14.3%	5.6%	44.7%	6.2%	6.8%
IV Percentile	69.3%	34.9%	99.6%	42.1%	41.7%
Term Structure	-5.0%	-29.1%	14.3%	9.8%	-2.0%
VWIV	27.5%	14.7%	46.5%	27.6%	24.0%
Skew 25d	10.5%	-2.8%	30.3%	5.3%	8.1%
Skew 10d	11.4%	-0.7%	24.3%	24.3%	17.4%
Call IV 25d	25.5%	14.2%	48.4%	14.7%	16.1%
Put IV 25d	36.0%	20.1%	56.1%	20.1%	24.2%
Bid-Ask Spread %	145.26	120.38	166.87	158.21	128.09
Gamma HHI	0.26	0.21	0.43	0.26	0.21
Net GEX	-27.9K	-58.9K	-10.4K	-35.1K	-17.1K
Net DEX	410.9K	78.1K	775.6K	291.5K	105.0K
Net VEX	-656	-851	-475	-538	-731
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.95	0.00	30.00	0.00	30.00
Total Volume	18.143	0	85	51	31
Total OI	206.762	125	283	139	207

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
2025-04-01	$44.42	$43.00	19.4%	6.9%	26.9%	6.2%	0.0%	5.3%	9.8%	-35.1K	291.5K	-538	0.00	158.21	0	51	23	116
2025-04-02	$44.75	$43.00	22.2%	6.9%	26.9%	7.8%	0.0%	6.2%	-10.1%	-49.5K	330.7K	-771	0.00	156.69	10	0	23	165
2025-04-03	$42.66	$43.00	18.1%	5.8%	30.1%	5.6%	27.6%	24.1%	14.3%	-30.1K	534.6K	-576	0.00	161.62	0	85	33	165
2025-04-04	$40.66	$43.00	62.7%	11.8%	33.7%	30.0%	14.7%	3.3%	-8.2%	-21.2K	690.9K	-720	2.00	152.63	1	2	33	217
2025-04-07	$39.88	$43.00	89.4%	14.8%	32.2%	44.7%	0.0%	7.7%	-14.3%	-18.0K	646.0K	-736	0.00	159.72	0	7	34	217
2025-04-08	$38.91	$43.00	77.0%	12.8%	32.6%	37.9%	0.0%	28.1%	-12.7%	-14.6K	702.7K	-606	0.00	151.79	0	10	34	220
2025-04-09	$43.58	$43.00	44.3%	12.7%	53.8%	19.9%	27.3%	30.3%	-29.1%	-47.3K	515.0K	-847	2.00	166.87	6	12	34	210
2025-04-10	$42.20	$43.00	28.7%	8.2%	54.6%	11.4%	0.0%	15.8%	0.6%	-27.6K	537.2K	-851	0.00	144.72	0	2	40	214
2025-04-11	$42.84	$43.00	28.3%	8.1%	54.3%	11.1%	0.0%	18.8%	6.0%	-38.1K	497.3K	-851	0.00	165.22	0	0	40	214
2025-04-14	$43.38	$43.00	24.5%	7.0%	54.2%	9.1%	31.2%	6.5%	-1.4%	-52.9K	563.2K	-676	0.00	146.89	0	44	40	214
2025-04-15	$43.22	$45.00	24.1%	6.9%	53.9%	8.8%	0.0%	5.3%	4.1%	-58.9K	681.3K	-647	0.00	141.59	0	1	40	235
2025-04-16	$41.66	$45.00	45.8%	13.1%	54.8%	20.7%	46.5%	2.4%	-16.4%	-26.3K	639.0K	-721	0.50	164.74	6	3	40	236
2025-04-17	$42.05	$45.00	25.3%	7.2%	55.0%	9.5%	27.7%	3.8%	-8.7%	-31.7K	775.6K	-570	0.00	135.68	0	10	46	237
2025-04-21	$40.89	$45.00	34.3%	9.8%	55.6%	14.4%	33.3%	14.4%	-5.9%	-10.4K	255.5K	-475	12.00	134.04	1	12	32	93
2025-04-22	$41.92	$45.00	26.1%	7.5%	55.7%	10.0%	0.0%	-2.8%	-8.9%	-16.3K	257.9K	-555	0.00	130.61	0	0	32	105
2025-04-23	$42.91	$45.00	28.3%	8.1%	56.5%	11.2%	0.0%	15.1%	-1.0%	-16.5K	198.3K	-609	0.00	134.92	0	0	32	105
2025-04-24	$43.94	$45.00	32.0%	9.2%	57.1%	13.2%	0.0%	7.7%	-16.7%	-16.5K	133.7K	-613	0.00	131.93	10	0	32	105
2025-04-25	$44.39	$45.00	20.8%	6.0%	57.3%	7.0%	17.0%	4.3%	1.3%	-18.4K	107.2K	-559	0.27	132.22	11	3	42	105
2025-04-28	$44.47	$45.00	21.3%	6.1%	56.4%	7.3%	29.8%	11.7%	-0.4%	-15.1K	88.0K	-601	0.64	120.38	14	9	53	108
2025-04-29	$44.69	$45.00	20.4%	5.8%	56.4%	6.8%	23.4%	4.7%	-4.8%	-23.9K	78.1K	-528	2.08	131.86	13	27	55	116
2025-04-30	$44.52	$45.00	20.3%	5.8%	56.4%	6.8%	24.0%	8.1%	-2.0%	-17.1K	105.0K	-731	30.00	128.09	1	30	67	140