GPK Options History — May 2011

In May 2011, GPK traded between $5.15 and $5.78. ATM implied volatility averaged 59.3%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 22.0% (HV 20d: 37.3%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-05-04: Highest Volume — 10 contracts
  • 2011-05-03: Largest IV spike — 79.6% change
  • 2011-05-11: Highest IV Rank — 41.4%
  • 2011-05-03: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.44$5.15$5.78$5.43$5.48
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV59.3%37.9%93.8%37.9%64.2%
Expected Move16.0%10.9%19.5%10.9%18.4%
HV 20d37.3%34.4%39.5%35.0%38.1%
HV 60d36.6%35.1%38.8%35.6%35.2%
IV Rank22.1%10.1%41.4%10.1%24.8%
IV Percentile18.4%7.5%63.0%7.5%22.9%
Term Structure-2.3%-21.6%12.0%9.5%-10.5%
VWIV42.0%42.0%42.0%42.0%42.0%
Bid-Ask Spread %133.86115.16152.82115.16134.71
Gamma HHI0.990.931.001.001.00
Net GEX7312321.4K1.3K239
Net DEX-35.1K-50.9K-13.5K-47.2K-19.8K
Net VEX-41-67-23-59-23
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.28601060
Total OI121.9527015415470

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-05-02$5.43$5.0037.9%10.9%35.0%10.1%42.0%0.0%9.5%1.3K-47.2K-590.00115.166012430
2011-05-03$5.43$5.0068.0%19.5%34.9%27.0%0.0%0.0%-17.8%1.0K-39.7K-670.00129.250011830
2011-05-04$5.29$5.0051.9%14.9%35.7%18.0%0.0%0.0%-18.8%1.4K-36.8K-650.00128.4510011830
2011-05-05$5.51$5.0058.2%16.7%37.0%21.4%0.0%0.0%-21.6%1.1K-44.4K-580.00125.040011830
2011-05-06$5.69$5.0054.0%15.3%38.6%19.1%0.0%0.0%9.4%809-50.9K-460.00126.340011830
2011-05-09$5.65$5.0070.0%15.5%38.7%28.0%0.0%0.0%1.3%892-48.8K-470.00124.3810011830
2011-05-10$5.73$5.0070.2%13.9%37.9%28.2%0.0%0.0%8.7%666-50.6K-270.00152.820010830
2011-05-11$5.73$5.0093.8%16.1%36.9%41.4%0.0%0.0%4.6%702-44.9K-450.00127.570010830
2011-05-12$5.78$5.0054.0%15.5%34.4%19.1%0.0%0.0%1.3%655-47.6K-380.00125.290010830
2011-05-13$5.46$5.0049.3%14.1%39.4%16.5%0.0%0.0%7.1%630-47.8K-270.00150.461010830
2011-05-16$5.38$5.0055.1%15.8%37.6%19.7%0.0%0.0%4.6%1.1K-35.5K-470.00133.070010930
2011-05-17$5.25$5.0049.0%14.0%38.8%16.3%0.0%0.0%12.0%1.2K-31.5K-460.00133.840010930
2011-05-18$5.30$5.0055.7%16.0%38.8%20.0%0.0%0.0%3.2%1.2K-33.1K-440.00126.920010930
2011-05-19$5.43$5.0057.1%16.4%38.6%20.8%0.0%0.0%2.9%1.1K-38.5K-380.00132.650010930
2011-05-20$5.32$5.0057.4%16.4%39.5%21.0%0.0%0.0%0.3%232-42.4K-330.00135.660010930
2011-05-23$5.22$5.0061.7%17.7%35.9%23.4%0.0%0.0%-16.1%233-14.6K-320.00145.19005020
2011-05-24$5.15$5.0061.3%17.6%36.0%23.2%0.0%0.0%-13.4%241-13.5K-320.00146.12005020
2011-05-25$5.30$5.0056.0%16.0%37.5%20.2%0.0%0.0%-6.4%257-16.4K-290.00136.61005020
2011-05-26$5.29$5.0057.3%16.4%37.0%21.0%0.0%0.0%4.1%257-16.2K-300.00140.00005020
2011-05-27$5.35$5.0062.8%18.0%37.2%24.0%0.0%0.0%-13.5%239-17.0K-280.00141.50005020
2011-05-31$5.48$5.0064.2%18.4%38.1%24.8%0.0%0.0%-10.5%239-19.8K-230.00134.71005020