GPIQ Options History — November 2025

In November 2025, GPIQ traded between $50.64 and $53.84. ATM implied volatility averaged 15.8%, placing in the 4.4% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 0.5% (HV 20d: 16.3%). Max pain ranged from $51.00 to $53.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 2.26.

Notable Days

2025-11-17: Highest Volume — 348 contracts
2025-11-04: Largest IV spike — 89.4% change
2025-11-04: Highest IV Rank — 7.1%
2025-11-04: Largest Expected Move — 5.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.53	$50.64	$53.84	$53.84	$53.19
Max Pain	$52.11	$51.00	$53.00	$53.00	$52.00
ATM IV	15.8%	10.9%	20.6%	10.9%	12.0%
Expected Move	4.5%	3.1%	5.9%	3.1%	3.4%
HV 20d	16.3%	14.4%	18.7%	14.7%	18.5%
HV 60d	12.7%	11.0%	14.3%	11.0%	13.8%
IV Rank	4.4%	1.8%	7.1%	1.8%	2.4%
IV Percentile	44.6%	22.6%	61.1%	22.6%	31.3%
Term Structure	-1.2%	-9.8%	4.1%	4.1%	-3.4%
VWIV	15.2%	11.5%	20.0%	11.5%	12.0%
Skew 25d	4.5%	-1.0%	11.1%	11.1%	3.6%
Skew 10d	7.3%	-8.2%	30.5%	0.6%	30.5%
Call IV 25d	12.9%	8.5%	16.7%	11.6%	10.9%
Put IV 25d	17.3%	13.2%	25.1%	22.7%	14.4%
Bid-Ask Spread %	118.84	104.75	144.18	143.47	115.03
Gamma HHI	0.37	0.20	0.56	0.49	0.24
Net GEX	51.6K	-266.1K	240.0K	140.6K	167.0K
Net DEX	-120.3K	-1.2M	1.9M	-1.2M	-1.2M
Net VEX	-5.1K	-5.9K	-4.3K	-5.1K	-5.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.26	0.01	10.20	0.01	0.88
Total Volume	96.632	18	348	86	30
Total OI	1,148.579	928	1,531	928	1,181

Daily Data (19 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
2025-11-03	$53.84	$53.00	10.9%	3.1%	14.7%	1.8%	11.5%	11.1%	4.1%	140.6K	-1.2M	-5.1K	0.01	143.47	85	1	530	398
2025-11-04	$53.12	$53.00	20.6%	5.9%	15.5%	7.1%	15.2%	7.9%	-8.4%	153.7K	-843.6K	-5.5K	4.25	142.85	4	17	592	400
2025-11-05	$53.42	$53.00	19.8%	5.7%	15.4%	6.7%	14.7%	4.3%	-9.8%	197.3K	-962.9K	-5.4K	7.67	144.18	3	23	592	409
2025-11-06	$52.56	$51.00	13.9%	3.6%	16.6%	3.4%	15.6%	6.5%	2.7%	113.5K	-312.7K	-5.5K	0.53	113.52	75	40	591	421
2025-11-07	$52.32	$52.00	15.0%	5.0%	14.4%	4.0%	15.1%	3.7%	-1.8%	88.5K	-194.1K	-5.4K	0.62	117.65	73	45	602	437
2025-11-10	$53.41	$52.00	12.4%	3.7%	15.4%	2.6%	16.5%	-1.0%	0.9%	240.0K	-1.1M	-4.9K	0.64	120.14	42	27	607	468
2025-11-11	$53.31	$52.00	15.1%	3.5%	15.1%	4.1%	11.7%	0.8%	2.6%	207.8K	-885.6K	-4.9K	2.00	118.82	6	12	615	461
2025-11-12	$53.25	$52.00	14.4%	4.1%	15.0%	3.7%	14.1%	0.7%	2.8%	215.3K	-794.6K	-5.0K	0.63	119.98	27	17	621	466
2025-11-13	$52.39	$52.00	16.9%	4.8%	16.1%	5.1%	16.5%	0.6%	2.7%	84.7K	-10.6K	-4.6K	1.26	117.75	23	29	640	480
2025-11-14	$52.43	$52.00	17.7%	5.1%	15.9%	5.5%	14.6%	-1.0%	-4.6%	53.3K	62.5K	-4.5K	2.89	117.97	9	26	644	500
2025-11-17	$51.85	$52.00	16.1%	4.6%	15.7%	4.6%	17.2%	5.3%	0.7%	13.3K	396.5K	-4.3K	3.46	115.98	78	270	648	502
2025-11-18	$51.61	$52.00	16.4%	4.7%	15.8%	4.8%	17.2%	5.0%	-1.1%	-266.1K	1.2M	-5.0K	10.20	111.23	5	51	718	694
2025-11-19	$51.77	$52.00	18.1%	5.2%	15.6%	5.7%	18.6%	7.1%	-1.5%	-235.1K	1.0M	-5.1K	1.48	118.32	33	49	717	706
2025-11-20	$50.64	$52.00	18.2%	5.2%	16.9%	5.8%	16.3%	10.8%	2.8%	-138.3K	1.9M	-4.7K	4.29	111.83	17	73	743	736
2025-11-21	$51.16	$52.00	18.0%	5.2%	17.1%	5.7%	20.0%	1.2%	2.2%	-114.8K	1.8M	-5.0K	1.35	107.10	124	167	745	786
2025-11-24	$52.27	$52.00	16.1%	4.6%	18.4%	4.6%	14.2%	8.3%	-1.6%	-50.1K	127.4K	-5.1K	0.32	107.60	136	44	390	544
2025-11-25	$52.53	$52.00	14.9%	4.3%	18.3%	4.0%	15.6%	3.5%	-6.2%	11.9K	-247.6K	-5.9K	0.03	104.75	115	4	499	573
2025-11-26	$53.03	$52.00	13.0%	3.7%	18.7%	2.9%	13.0%	6.5%	-5.9%	98.3K	-992.2K	-5.5K	0.51	109.87	37	19	593	574
2025-11-28	$53.19	$52.00	12.0%	3.4%	18.5%	2.4%	12.0%	3.6%	-3.4%	167.0K	-1.2M	-5.0K	0.88	115.03	16	14	593	588