GPIQ Options History — May 2025

In May 2025, GPIQ traded between $44.98 and $47.81. ATM implied volatility averaged 21.9%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 5.2% (HV 20d: 27.1%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.58.

Notable Days

2025-05-21: Highest Volume — 53 contracts
2025-05-27: Largest IV spike — 36.9% change
2025-05-29: Highest IV Rank — 10.8%
2025-05-29: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.77	$44.98	$47.81	$44.99	$47.73
Max Pain	$45.95	$45.00	$47.00	$45.00	$47.00
ATM IV	21.9%	17.1%	27.7%	17.8%	27.1%
Expected Move	6.0%	4.5%	7.9%	5.1%	7.8%
HV 20d	27.1%	14.1%	56.5%	56.5%	14.7%
HV 60d	37.1%	36.7%	37.5%	36.8%	36.7%
IV Rank	7.6%	5.0%	10.8%	5.3%	10.5%
IV Percentile	48.8%	25.0%	77.4%	29.0%	74.2%
Term Structure	-3.1%	-16.6%	4.0%	3.8%	-16.6%
VWIV	17.9%	14.5%	28.9%	19.4%	16.2%
Skew 25d	2.6%	-7.4%	9.0%	7.2%	1.3%
Skew 10d	-2.2%	-18.3%	15.0%	14.6%	11.0%
Call IV 25d	19.1%	14.4%	25.4%	18.1%	17.7%
Put IV 25d	21.6%	14.1%	26.9%	25.3%	19.1%
Bid-Ask Spread %	129.24	123.80	140.03	132.93	125.59
Gamma HHI	0.28	0.20	0.42	0.24	0.42
Net GEX	-2.5K	-17.7K	13.1K	-17.7K	-8.3K
Net DEX	-35.8K	-227.1K	89.3K	89.3K	24.4K
Net VEX	-675	-855	-454	-767	-746
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.58	0.00	8.20	0.15	0.17
Total Volume	16.667	1	53	15	7
Total OI	245	200	320	218	232

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
2025-05-01	$44.99	$45.00	17.8%	5.1%	56.5%	5.3%	19.4%	7.2%	3.8%	-17.7K	89.3K	-767	0.15	132.93	13	2	67	151
2025-05-02	$45.42	$45.00	17.4%	5.0%	53.6%	5.1%	18.6%	7.0%	3.5%	-7.6K	-2.0K	-722	0.00	140.03	27	0	79	152
2025-05-05	$45.28	$45.00	18.2%	4.8%	50.2%	5.6%	0.0%	-1.1%	-0.8%	-5.7K	-2.1K	-767	0.00	126.36	11	0	105	152
2025-05-06	$44.98	$45.00	24.4%	5.0%	49.5%	9.0%	0.0%	6.2%	0.5%	-9.9K	51.5K	-819	1.67	130.51	6	10	100	153
2025-05-07	$45.04	$45.00	23.3%	5.0%	48.3%	8.4%	0.0%	3.7%	-1.2%	-17.5K	83.7K	-758	0.29	127.50	7	2	94	163
2025-05-08	$45.53	$45.00	19.0%	4.9%	27.7%	6.0%	0.0%	2.5%	0.8%	-10.1K	10.8K	-695	0.00	123.80	0	2	94	163
2025-05-09	$45.38	$45.00	17.1%	4.5%	24.7%	5.0%	0.0%	2.8%	4.0%	-9.5K	15.9K	-660	7.50	128.14	2	15	94	163
2025-05-12	$46.74	$45.00	17.6%	5.1%	26.1%	5.3%	28.9%	-7.4%	-5.0%	6.0K	-163.3K	-503	2.73	131.33	11	30	96	158
2025-05-13	$47.50	$45.00	21.8%	4.8%	26.3%	7.6%	14.5%	6.5%	-4.5%	9.6K	-204.9K	-572	0.05	129.46	22	1	106	159
2025-05-14	$47.53	$45.00	24.1%	6.9%	26.2%	8.9%	18.7%	2.8%	-1.8%	13.1K	-227.1K	-581	0.67	126.99	3	2	128	160
2025-05-15	$47.59	$45.00	19.0%	5.4%	21.2%	6.0%	15.0%	9.0%	-4.9%	12.9K	-221.4K	-571	0.23	129.53	30	7	126	162
2025-05-16	$47.78	$47.00	24.3%	7.0%	21.2%	8.9%	17.4%	8.8%	-5.9%	10.1K	-203.5K	-573	8.20	132.57	5	41	151	169
2025-05-19	$47.81	$47.00	25.0%	7.2%	17.0%	9.3%	16.3%	3.5%	-5.4%	6.8K	-36.5K	-608	0.15	129.09	13	2	114	86
2025-05-20	$47.70	$47.00	25.4%	7.3%	16.1%	9.6%	15.9%	8.8%	-5.6%	7.5K	-49.5K	-690	0.00	134.43	0	9	125	90
2025-05-21	$47.27	$47.00	18.7%	5.4%	15.7%	5.8%	17.2%	-2.1%	3.6%	929	-2.7K	-688	0.96	132.60	27	26	125	94
2025-05-22	$47.39	$47.00	17.2%	4.9%	14.1%	5.1%	16.8%	-1.4%	-7.0%	-6.8K	27.8K	-831	0.00	128.12	0	6	102	119
2025-05-23	$47.07	$47.00	19.9%	5.7%	14.3%	6.5%	20.7%	-4.1%	-0.0%	-9.1K	37.1K	-553	0.00	125.56	0	7	102	121
2025-05-27	$47.81	$47.00	27.2%	7.8%	15.0%	10.5%	0.0%	1.1%	-7.9%	-7.9K	16.3K	-763	0.00	125.04	0	1	102	127
2025-05-28	$47.81	$47.00	27.6%	7.9%	15.0%	10.8%	17.3%	-4.2%	-5.5%	-3.9K	11.5K	-855	0.00	126.55	0	1	102	128
2025-05-29	$47.76	$47.00	27.7%	7.9%	14.9%	10.8%	16.0%	2.5%	-8.6%	-4.8K	-7.4K	-454	1.00	127.97	1	1	102	129
2025-05-30	$47.73	$47.00	27.1%	7.8%	14.7%	10.5%	16.2%	1.3%	-16.6%	-8.3K	24.4K	-746	0.17	125.59	6	1	102	130