GPK Options History — February 2011

In February 2011, GPK traded between $4.80 and $5.26. ATM implied volatility averaged 92.1%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 26.9%. IV traded above realized volatility by 52.8% (HV 20d: 39.3%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days.

Notable Days

  • 2011-02-17: Highest Volume — 20 contracts
  • 2011-02-09: Largest IV spike — 11.9% change
  • 2011-02-28: Highest IV Rank — 44.9%
  • 2011-02-28: Largest Expected Move — 31.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.99$4.80$5.26$4.90$5.20
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV92.1%77.9%108.4%83.1%108.4%
Expected Move26.9%22.3%31.1%24.0%31.1%
HV 20d39.3%37.8%42.3%38.8%37.8%
HV 60d34.5%33.3%36.7%36.7%33.5%
IV Rank34.9%26.2%44.9%29.4%44.9%
IV Percentile57.8%30.2%71.1%47.0%71.1%
Term Structure-41.9%-51.2%-24.4%-41.0%-51.2%
Bid-Ask Spread %197.77176.54200.00198.72176.54
Gamma HHI0.760.560.890.750.81
Net GEX30580444339209
Net DEX-34.6K-38.7K-26.9K-34.5K-36.0K
Net VEX-50-61-40-53-52
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.05302000
Total OI337.316331351331351

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-02-01$4.90$0.0083.1%0.0%38.8%29.4%0.0%0.0%0.0%339-34.5K-530.00198.7200101230
2011-02-02$4.97$0.0081.6%0.0%38.5%28.5%0.0%0.0%0.0%367-35.8K-500.00198.6900101230
2011-02-03$5.00$0.0084.2%0.0%38.4%30.1%0.0%0.0%0.0%357-36.2K-500.00200.0000101230
2011-02-04$4.93$2.5083.8%24.0%38.7%29.8%0.0%0.0%-41.0%360-35.1K-490.00198.6900101230
2011-02-07$4.97$2.5084.6%24.3%38.5%30.3%0.0%0.0%-38.8%383-35.8K-460.00200.0000101230
2011-02-08$4.94$2.5077.9%22.3%38.7%26.2%0.0%0.0%-24.4%444-35.4K-430.00198.6900101230
2011-02-09$4.91$2.5087.2%25.0%39.0%31.9%0.0%0.0%-41.9%369-34.8K-460.00198.7200101230
2011-02-10$4.85$2.5088.9%25.5%39.3%32.9%0.0%0.0%-44.3%360-33.7K-450.00197.4800101230
2011-02-11$4.98$2.5087.0%24.9%39.5%31.8%0.0%0.0%-42.3%379-35.7K-450.00200.0000101230
2011-02-14$4.95$2.5091.1%26.1%39.7%34.3%0.0%0.0%-46.4%373-35.1K-450.00198.6900101230
2011-02-15$4.97$2.5092.4%26.5%39.5%35.1%0.0%0.0%-47.1%380-35.6K-420.00198.6700101230
2011-02-16$5.03$2.5093.3%26.7%38.6%35.6%0.0%0.0%-51.2%391-36.6K-420.00200.0000101230
2011-02-17$5.15$2.5093.5%26.8%38.7%35.7%0.0%0.0%0.0%410-38.7K-400.00198.37020101230
2011-02-18$5.26$2.5093.8%26.9%38.2%36.0%0.0%0.0%0.0%185-37.1K-610.00196.8200101250
2011-02-22$5.00$2.50101.8%29.2%41.7%40.8%0.0%0.0%0.0%127-31.4K-600.00200.0000101250
2011-02-23$4.98$2.50104.0%29.8%41.8%42.2%0.0%0.0%0.0%121-31.0K-590.00200.0000101250
2011-02-24$4.80$2.50107.9%30.9%39.3%44.6%0.0%0.0%0.0%80-26.9K-570.00197.4800101250
2011-02-25$5.05$2.50105.2%30.2%42.3%42.9%0.0%0.0%0.0%156-32.6K-570.00200.0000101250
2011-02-28$5.20$2.50108.4%31.1%37.8%44.9%0.0%0.0%0.0%209-36.0K-520.00176.5400101250