GPIQ Options History — September 2025

In September 2025, GPIQ traded between $49.84 and $52.48. ATM implied volatility averaged 13.5%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 3.2% (HV 20d: 10.2%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.58.

Notable Days

2025-09-30: Highest Volume — 55 contracts
2025-09-26: Largest IV spike — 99.7% change
2025-09-19: Highest IV Rank — 8.4%
2025-09-19: Largest Expected Move — 6.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.52	$49.84	$52.48	$49.84	$52.37
Max Pain	$50.71	$50.00	$52.00	$50.00	$52.00
ATM IV	13.5%	7.9%	22.9%	11.7%	7.9%
Expected Move	4.5%	2.3%	6.6%	3.3%	2.3%
HV 20d	10.2%	5.5%	11.4%	11.3%	5.5%
HV 60d	10.6%	9.8%	11.2%	11.1%	9.8%
IV Rank	3.2%	0.1%	8.4%	2.2%	0.1%
IV Percentile	25.7%	0.8%	63.9%	21.4%	0.8%
Term Structure	-2.0%	-14.6%	13.2%	-4.2%	4.5%
VWIV	14.3%	8.1%	20.5%	13.1%	18.9%
Skew 25d	-3.7%	-13.8%	7.2%	7.2%	-10.4%
Skew 10d	-0.7%	-16.5%	18.6%	7.9%	-3.4%
Call IV 25d	18.1%	6.7%	27.2%	8.0%	21.7%
Put IV 25d	14.4%	9.6%	20.1%	15.2%	11.3%
Bid-Ask Spread %	150.32	122.52	162.25	127.45	157.56
Gamma HHI	0.34	0.23	0.47	0.40	0.29
Net GEX	65.4K	-1.1K	137.8K	108.5K	-502
Net DEX	-770.1K	-1.5M	-139.4K	-250.3K	-234.6K
Net VEX	-2.3K	-3.2K	-1.5K	-3.1K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.58	0.00	12.50	3.88	4.00
Total Volume	23.429	1	55	39	55
Total OI	592.19	293	755	665	410

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
2025-09-02	$49.84	$50.00	11.7%	3.3%	11.3%	2.2%	13.1%	7.2%	-4.2%	108.5K	-250.3K	-3.1K	3.88	127.45	8	31	371	294
2025-09-03	$50.14	$50.00	10.8%	3.1%	11.4%	1.7%	11.5%	2.4%	2.5%	126.6K	-439.2K	-3.2K	0.62	122.52	13	8	377	325
2025-09-04	$50.56	$50.00	9.3%	5.8%	11.3%	0.9%	13.7%	1.6%	-6.2%	114.6K	-579.2K	-2.9K	0.57	155.86	7	4	370	328
2025-09-05	$50.69	$50.00	9.0%	5.6%	11.3%	0.7%	0.0%	-5.8%	-6.1%	137.8K	-809.0K	-2.7K	0.00	152.50	1	0	373	331
2025-09-08	$50.91	$50.00	9.8%	6.0%	11.1%	1.2%	17.5%	-6.0%	-7.6%	124.9K	-943.4K	-2.5K	0.55	161.85	11	6	374	331
2025-09-09	$51.01	$50.00	9.6%	6.0%	11.1%	1.1%	13.1%	-6.4%	-10.3%	97.1K	-1.1M	-2.2K	2.00	162.24	4	8	381	337
2025-09-10	$51.05	$50.00	16.4%	4.7%	10.8%	4.8%	11.4%	-8.8%	-3.8%	116.7K	-1.0M	-2.4K	0.50	161.38	2	1	380	337
2025-09-11	$51.33	$50.00	21.5%	6.2%	11.0%	7.6%	18.8%	-5.1%	-14.6%	92.5K	-1.2M	-2.1K	0.25	162.25	20	5	381	337
2025-09-12	$51.48	$50.00	19.0%	5.4%	11.0%	6.2%	15.9%	-8.3%	-10.2%	77.2K	-1.1M	-2.3K	0.20	158.82	5	1	375	341
2025-09-15	$51.73	$50.00	18.2%	5.2%	11.0%	5.8%	17.2%	-3.1%	-6.8%	77.7K	-1.5M	-1.5K	0.75	156.71	28	21	378	339
2025-09-16	$51.77	$51.00	11.7%	3.4%	11.0%	2.2%	12.0%	-0.9%	-5.9%	66.6K	-1.4M	-1.9K	0.11	147.33	38	4	379	358
2025-09-17	$51.70	$51.00	17.9%	5.1%	10.3%	5.6%	17.9%	4.5%	-6.0%	56.9K	-1.4M	-1.9K	3.00	152.34	1	3	386	355
2025-09-18	$52.04	$51.00	16.9%	4.8%	10.3%	5.1%	11.6%	-7.7%	5.7%	56.5K	-1.4M	-1.9K	0.45	155.05	29	13	386	356
2025-09-19	$52.24	$51.00	22.9%	6.6%	10.0%	8.4%	20.5%	-6.1%	-4.1%	43.9K	-1.5M	-2.1K	3.20	155.14	5	16	390	365
2025-09-22	$52.48	$51.00	11.7%	3.3%	9.2%	2.2%	13.5%	-9.1%	9.3%	8.8K	-246.7K	-2.2K	0.88	155.01	8	7	133	160
2025-09-23	$52.24	$51.00	14.3%	4.1%	9.4%	3.7%	14.6%	-13.8%	2.0%	16.0K	-247.1K	-2.1K	9.00	145.44	1	9	137	166
2025-09-24	$52.06	$51.00	9.0%	2.6%	9.5%	0.7%	9.8%	5.6%	8.0%	38.9K	-220.6K	-1.8K	12.50	134.50	2	25	138	172
2025-09-25	$51.91	$52.00	8.7%	2.5%	9.6%	0.6%	12.5%	-7.2%	7.4%	-1.1K	-139.4K	-2.3K	7.33	138.96	6	44	140	196
2025-09-26	$52.14	$52.00	17.3%	5.0%	9.5%	5.3%	15.1%	-8.3%	-7.9%	1.7K	-215.7K	-2.5K	4.00	146.87	1	4	144	219
2025-09-29	$52.32	$52.00	9.0%	2.6%	8.8%	0.7%	8.1%	7.2%	13.2%	12.0K	-261.7K	-2.0K	0.32	146.90	28	9	144	242
2025-09-30	$52.37	$52.00	7.9%	2.3%	5.5%	0.1%	18.9%	-10.4%	4.5%	-502	-234.6K	-2.3K	4.00	157.56	11	44	158	252