GPIQ Options History — August 2025

In August 2025, GPIQ traded between $49.25 and $51.14. ATM implied volatility averaged 10.3%, placing in the 1.5% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded below realized volatility by 2.0% (HV 20d: 12.3%). Max pain ranged from $49.00 to $51.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 3.46.

Notable Days

2025-08-21: Highest Volume — 89 contracts
2025-08-28: Largest IV spike — 25.5% change
2025-08-01: Highest IV Rank — 3.9%
2025-08-08: Largest Expected Move — 4.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.54	$49.25	$51.14	$49.25	$50.69
Max Pain	$49.67	$49.00	$51.00	$51.00	$50.00
ATM IV	10.3%	8.8%	14.8%	14.8%	11.7%
Expected Move	3.1%	2.5%	4.5%	4.3%	3.3%
HV 20d	12.3%	10.5%	13.8%	10.5%	10.5%
HV 60d	10.7%	10.0%	12.3%	12.0%	10.6%
IV Rank	1.5%	0.6%	3.9%	3.9%	2.2%
IV Percentile	10.4%	3.6%	26.2%	26.2%	21.0%
Term Structure	1.2%	-5.0%	8.3%	1.6%	6.4%
VWIV	14.0%	9.3%	50.1%	16.5%	10.5%
Skew 25d	3.4%	-6.5%	11.3%	6.2%	11.2%
Skew 10d	10.6%	-11.7%	44.7%	11.4%	44.7%
Call IV 25d	10.7%	5.4%	19.3%	8.3%	11.2%
Put IV 25d	14.1%	8.8%	22.5%	14.5%	22.5%
Bid-Ask Spread %	122.55	109.36	129.79	116.90	115.38
Gamma HHI	0.56	0.40	0.73	0.48	0.41
Net GEX	77.8K	-157.9K	164.2K	37.6K	107.5K
Net DEX	-635.7K	-911.8K	-181.4K	-181.4K	-571.2K
Net VEX	-2.5K	-3.3K	-1.8K	-2.5K	-3.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.46	0.00	27.50	0.63	1.09
Total Volume	23.476	2	89	4	23
Total OI	523.238	434	662	457	662

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
2025-08-01	$49.25	$51.00	14.8%	4.3%	10.5%	3.9%	16.5%	6.2%	1.6%	37.6K	-181.4K	-2.5K	0.00	116.90	0	4	271	186
2025-08-04	$49.94	$49.00	11.9%	3.4%	11.4%	2.3%	13.5%	1.5%	1.8%	63.2K	-395.7K	-2.3K	0.00	126.90	0	2	271	188
2025-08-05	$49.77	$49.00	9.8%	3.6%	11.4%	1.2%	14.1%	11.3%	0.9%	49.9K	-361.7K	-2.3K	0.00	127.47	0	3	271	189
2025-08-06	$50.23	$49.00	10.8%	3.7%	11.7%	1.7%	50.1%	9.6%	-0.2%	53.6K	-518.9K	-2.2K	0.63	127.54	8	5	271	192
2025-08-07	$50.27	$49.00	11.4%	3.7%	11.7%	2.0%	12.3%	4.8%	0.3%	70.9K	-488.8K	-2.4K	2.33	126.59	3	7	279	196
2025-08-08	$50.66	$49.00	10.5%	4.5%	12.0%	1.5%	13.3%	5.6%	-3.1%	57.7K	-669.7K	-2.2K	3.00	128.86	2	6	273	203
2025-08-11	$50.63	$49.00	9.1%	3.0%	12.0%	0.8%	11.9%	8.1%	-1.5%	68.3K	-689.1K	-2.0K	0.33	125.21	12	4	273	200
2025-08-12	$51.02	$49.00	9.7%	2.7%	12.2%	1.1%	9.5%	3.1%	-1.4%	50.5K	-860.8K	-2.0K	0.83	124.76	12	10	284	202
2025-08-13	$51.05	$49.00	8.8%	2.5%	12.2%	0.6%	12.0%	-1.2%	-1.9%	48.8K	-860.7K	-1.9K	27.50	123.40	2	55	289	206
2025-08-14	$51.11	$50.00	8.9%	2.6%	12.1%	0.7%	20.0%	-6.5%	7.2%	82.0K	-839.1K	-1.8K	0.12	124.23	25	3	290	258
2025-08-15	$50.97	$50.00	9.2%	2.6%	12.2%	0.8%	9.6%	6.0%	8.3%	-157.9K	-725.9K	-2.2K	1.50	123.84	8	12	298	261
2025-08-18	$50.96	$50.00	9.3%	2.7%	12.1%	0.9%	11.7%	5.5%	4.8%	111.0K	-819.1K	-2.1K	1.54	109.36	13	20	293	141
2025-08-19	$50.45	$50.00	10.8%	3.1%	12.6%	1.7%	11.9%	-1.8%	-4.6%	122.7K	-705.2K	-2.5K	8.00	120.81	4	32	306	157
2025-08-20	$50.24	$50.00	11.4%	3.3%	12.7%	2.0%	12.1%	-0.9%	-5.0%	111.6K	-550.1K	-2.6K	4.50	118.19	4	18	306	186
2025-08-21	$50.02	$50.00	9.7%	2.8%	12.7%	1.1%	12.5%	6.7%	-3.3%	125.8K	-443.8K	-2.5K	6.42	121.30	12	77	308	193
2025-08-22	$50.70	$50.00	9.5%	2.7%	13.6%	1.0%	12.5%	-5.3%	-4.6%	103.8K	-570.8K	-3.3K	2.17	122.92	6	13	320	269
2025-08-25	$50.70	$50.00	9.3%	2.7%	13.6%	0.9%	9.9%	2.4%	-1.3%	136.0K	-658.9K	-3.1K	0.75	120.04	12	9	326	281
2025-08-26	$50.67	$50.00	10.1%	2.9%	13.6%	1.4%	10.1%	0.3%	7.8%	122.5K	-760.1K	-2.8K	1.63	129.79	8	13	338	283
2025-08-27	$50.82	$50.00	9.1%	2.6%	13.6%	0.8%	9.3%	2.2%	7.5%	164.2K	-766.8K	-3.0K	0.00	121.64	10	0	345	284
2025-08-28	$51.14	$50.00	11.4%	3.3%	13.8%	2.0%	10.8%	2.9%	4.6%	103.0K	-911.8K	-2.9K	0.03	118.39	35	1	355	284
2025-08-29	$50.69	$50.00	11.7%	3.3%	10.5%	2.2%	10.5%	11.2%	6.4%	107.5K	-571.2K	-3.1K	1.09	115.38	11	12	379	283