GPIQ Options History — February 2026

In February 2026, GPIQ traded between $50.84 and $53.13. ATM implied volatility averaged 16.8%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 0.9% (HV 20d: 15.9%). Max pain ranged from $52.00 to $53.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.45.

Notable Days

2026-02-20: Highest Volume — 579 contracts
2026-02-23: Largest IV spike — 50.5% change
2026-02-23: Highest IV Rank — 22.6%
2026-02-23: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.89	$50.84	$53.13	$53.13	$51.86
Max Pain	$52.53	$52.00	$53.00	$53.00	$52.00
ATM IV	16.8%	10.7%	24.3%	12.2%	14.6%
Expected Move	4.9%	3.1%	7.0%	3.5%	4.2%
HV 20d	15.9%	11.8%	17.5%	11.8%	17.4%
HV 60d	14.2%	13.4%	14.8%	14.0%	13.8%
IV Rank	13.7%	6.4%	22.6%	8.1%	11.0%
IV Percentile	58.6%	21.0%	88.9%	38.5%	47.6%
Term Structure	-1.7%	-8.4%	3.7%	-3.3%	-2.2%
VWIV	15.4%	11.0%	20.6%	11.0%	13.3%
Skew 25d	4.3%	-1.4%	9.6%	4.7%	5.0%
Skew 10d	6.3%	-1.3%	15.9%	11.7%	6.2%
Call IV 25d	13.1%	7.1%	18.5%	9.8%	12.5%
Put IV 25d	17.4%	14.5%	19.0%	14.5%	17.5%
Bid-Ask Spread %	121.63	102.66	135.43	120.21	118.98
Gamma HHI	0.31	0.17	0.88	0.36	0.21
Net GEX	-537.9K	-5.1M	303.0K	303.0K	-22.5K
Net DEX	1.4M	-1.6M	3.9M	-1.0M	-239.6K
Net VEX	-12.7K	-15.2K	-10.3K	-12.2K	-14.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.45	0.10	4.79	0.17	0.10
Total Volume	233.211	73	579	505	120
Total OI	2,905.316	2,110	3,363	2,377	2,998

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
2026-02-02	$53.13	$53.00	12.2%	3.5%	11.8%	8.1%	11.0%	4.7%	-3.3%	303.0K	-1.0M	-12.2K	0.17	120.21	431	74	1,265	1,112
2026-02-03	$52.35	$53.00	15.9%	4.6%	12.7%	12.6%	15.7%	1.3%	0.5%	47.6K	419.6K	-12.5K	4.79	102.66	34	163	1,346	1,142
2026-02-04	$51.72	$53.00	17.4%	5.0%	13.1%	14.3%	16.8%	0.6%	-1.2%	-156.8K	2.0M	-12.1K	1.16	112.58	105	122	1,345	1,286
2026-02-05	$50.84	$53.00	16.6%	5.3%	14.2%	13.5%	20.6%	-1.4%	-3.6%	-229.9K	3.0M	-12.1K	0.56	120.17	273	153	1,279	1,405
2026-02-06	$51.97	$53.00	16.6%	4.7%	16.6%	13.4%	16.4%	6.1%	2.8%	-240.7K	1.8M	-14.6K	0.50	123.02	131	65	1,492	1,513
2026-02-09	$52.39	$53.00	17.0%	4.5%	16.5%	13.9%	15.2%	5.3%	3.7%	-173.6K	873.1K	-13.4K	1.11	124.88	36	40	1,523	1,528
2026-02-10	$52.20	$53.00	14.3%	4.6%	16.5%	10.7%	14.2%	5.6%	3.2%	-262.4K	1.1M	-13.5K	0.78	130.90	41	32	1,520	1,543
2026-02-11	$52.31	$53.00	16.1%	4.6%	16.5%	12.8%	13.4%	4.4%	3.0%	-317.8K	986.1K	-13.3K	0.68	126.53	56	38	1,531	1,555
2026-02-12	$51.34	$53.00	18.8%	5.4%	17.5%	16.0%	13.6%	8.9%	-4.3%	-509.3K	3.0M	-13.1K	3.03	126.42	31	94	1,562	1,590
2026-02-13	$51.30	$53.00	19.9%	5.7%	17.4%	17.3%	16.7%	-1.2%	-6.1%	-731.7K	3.9M	-11.6K	1.93	125.76	29	56	1,576	1,660
2026-02-17	$51.38	$52.00	21.6%	6.2%	17.4%	19.4%	18.8%	-0.2%	-5.8%	-737.9K	3.6M	-11.4K	2.41	109.54	27	65	1,590	1,708
2026-02-18	$51.73	$52.00	16.1%	4.6%	16.3%	12.9%	16.2%	4.9%	3.2%	-990.5K	2.7M	-11.4K	3.24	121.82	51	165	1,602	1,740
2026-02-19	$51.47	$52.00	21.1%	6.1%	15.6%	18.8%	16.7%	9.6%	-6.0%	-984.8K	3.7M	-10.3K	4.52	135.43	29	131	1,629	1,734
2026-02-20	$51.97	$52.00	16.2%	4.6%	15.9%	12.9%	15.2%	5.4%	-2.5%	-5.1M	1.9M	-10.9K	0.86	128.35	312	267	1,645	1,683
2026-02-23	$51.37	$52.00	24.3%	7.0%	16.2%	22.6%	15.0%	4.2%	-8.4%	-90.2K	851.9K	-12.5K	0.54	118.41	272	147	1,038	1,072
2026-02-24	$51.97	$52.00	15.2%	4.4%	16.7%	11.8%	15.0%	4.5%	-2.8%	-171.5K	70.9K	-12.5K	0.26	123.04	265	69	1,186	1,207
2026-02-25	$52.61	$52.00	10.7%	3.1%	17.2%	6.4%	13.6%	8.9%	0.8%	92.8K	-1.6M	-13.3K	0.21	120.88	244	52	1,444	1,244
2026-02-26	$52.06	$52.00	15.3%	4.4%	17.5%	11.9%	15.9%	5.0%	-3.9%	93.0K	-882.5K	-15.2K	0.72	121.35	123	88	1,644	1,264
2026-02-27	$51.86	$52.00	14.6%	4.2%	17.4%	11.0%	13.3%	5.0%	-2.2%	-22.5K	-239.6K	-14.3K	0.10	118.98	109	11	1,659	1,339