GPIQ Options History — January 2026

In January 2026, GPIQ traded between $52.05 and $53.95. ATM implied volatility averaged 12.7%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 0.7% (HV 20d: 12.0%). Max pain ranged from $52.00 to $53.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.98.

Notable Days

2026-01-05: Highest Volume — 535 contracts
2026-01-05: Largest IV spike — 85.1% change
2026-01-14: Highest IV Rank — 16.6%
2026-01-14: Largest Expected Move — 5.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.11	$52.05	$53.95	$52.33	$53.25
Max Pain	$52.85	$52.00	$53.00	$53.00	$53.00
ATM IV	12.7%	9.1%	19.6%	10.6%	13.8%
Expected Move	3.9%	2.6%	5.5%	3.0%	4.0%
HV 20d	12.0%	10.1%	12.6%	11.7%	12.6%
HV 60d	14.4%	14.0%	15.2%	15.1%	14.2%
IV Rank	6.8%	2.6%	16.6%	2.8%	10.1%
IV Percentile	35.7%	8.3%	69.8%	20.2%	48.0%
Term Structure	-0.9%	-10.1%	6.2%	2.9%	-4.3%
VWIV	12.8%	7.6%	17.3%	11.8%	14.4%
Skew 25d	1.6%	-4.5%	5.9%	-2.0%	2.1%
Skew 10d	1.5%	-8.8%	9.6%	0.3%	9.5%
Call IV 25d	10.8%	7.8%	14.7%	11.1%	12.7%
Put IV 25d	12.4%	7.6%	15.7%	9.1%	14.7%
Bid-Ask Spread %	137.00	102.24	164.98	120.20	112.78
Gamma HHI	0.34	0.26	0.40	0.39	0.32
Net GEX	121.1K	-158.4K	353.7K	-158.4K	215.4K
Net DEX	-660.8K	-2.4M	667.8K	667.8K	-969.4K
Net VEX	-9.1K	-11.9K	-7.5K	-7.9K	-11.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.98	0.07	19.22	0.40	19.22
Total Volume	209.25	28	535	295	182
Total OI	1,778.65	1,280	2,283	1,280	2,283

Daily Data (20 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
2026-01-02	$52.33	$53.00	10.6%	3.0%	11.7%	2.8%	11.8%	-2.0%	2.9%	-158.4K	667.8K	-7.9K	0.40	120.20	210	85	552	728
2026-01-05	$52.72	$52.00	19.6%	4.1%	12.0%	7.7%	7.6%	0.9%	-3.4%	-157.0K	261.1K	-7.5K	0.07	161.41	500	35	555	732
2026-01-06	$53.09	$52.00	10.4%	4.0%	12.2%	2.8%	13.9%	4.9%	-0.7%	140.8K	-705.6K	-9.5K	0.09	162.14	181	16	890	728
2026-01-07	$53.11	$52.00	10.2%	5.4%	12.2%	2.6%	17.3%	-0.4%	-10.1%	190.4K	-834.3K	-8.9K	0.27	161.32	268	73	973	738
2026-01-08	$52.87	$53.00	11.5%	5.3%	12.2%	3.3%	11.1%	-4.5%	-4.9%	95.0K	-411.7K	-10.3K	0.07	164.98	417	30	1,007	778
2026-01-09	$53.36	$53.00	13.3%	3.9%	12.6%	4.3%	11.5%	4.4%	0.6%	139.1K	-819.4K	-8.5K	0.22	157.22	23	5	836	794
2026-01-12	$53.41	$53.00	14.2%	4.6%	12.5%	4.8%	14.8%	3.0%	-1.3%	164.7K	-965.4K	-8.1K	0.56	151.03	105	59	833	799
2026-01-13	$53.21	$53.00	13.1%	3.8%	11.3%	4.2%	12.5%	0.1%	6.1%	165.2K	-824.7K	-8.6K	1.42	160.50	33	47	891	851
2026-01-14	$52.80	$53.00	19.3%	5.5%	11.7%	16.6%	13.9%	-2.9%	-8.9%	-10.1K	-53.9K	-9.0K	6.16	147.83	19	117	916	874
2026-01-15	$53.06	$53.00	15.7%	4.5%	11.8%	12.4%	12.7%	-3.4%	-2.6%	38.6K	-384.4K	-8.2K	0.95	148.70	60	57	914	956
2026-01-16	$53.08	$53.00	10.7%	3.1%	10.1%	6.4%	12.2%	0.9%	-1.8%	161.4K	-562.8K	-8.4K	1.02	152.02	57	58	925	973
2026-01-20	$52.05	$53.00	14.2%	4.1%	11.5%	10.5%	14.5%	0.2%	0.1%	-19.3K	618.3K	-8.2K	2.06	102.24	102	210	755	672
2026-01-21	$52.73	$53.00	12.8%	3.7%	12.1%	8.9%	13.4%	2.7%	-1.4%	26	113.6K	-9.1K	0.94	119.00	107	101	787	811
2026-01-22	$53.00	$53.00	13.4%	3.8%	12.1%	9.6%	12.6%	1.5%	0.5%	35.5K	-227.5K	-9.9K	1.04	125.06	25	26	871	899
2026-01-23	$53.25	$53.00	13.1%	3.8%	12.2%	9.2%	11.7%	4.4%	-1.6%	101.3K	-692.5K	-9.1K	0.23	117.39	253	57	889	894
2026-01-26	$53.52	$53.00	9.1%	2.6%	12.3%	4.4%	13.4%	5.3%	4.3%	282.1K	-1.4M	-9.1K	2.61	123.50	28	73	1,085	940
2026-01-27	$53.83	$53.00	9.1%	2.6%	12.4%	4.5%	10.7%	5.9%	2.3%	353.7K	-2.1M	-9.4K	0.24	121.70	187	44	1,097	952
2026-01-28	$53.95	$53.00	10.4%	3.0%	12.3%	6.0%	12.1%	5.1%	0.5%	337.5K	-2.4M	-10.3K	0.48	122.12	180	87	1,203	946
2026-01-29	$53.60	$53.00	9.3%	2.7%	12.6%	4.7%	13.0%	3.5%	6.2%	346.8K	-1.5M	-10.7K	1.62	108.92	26	42	1,265	981
2026-01-30	$53.25	$53.00	13.8%	4.0%	12.6%	10.1%	14.4%	2.1%	-4.3%	215.4K	-969.4K	-11.9K	19.22	112.78	9	173	1,273	1,010