GPK Options History — July 2011

In July 2011, GPK traded between $4.95 and $5.50. ATM implied volatility averaged 69.6%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 38.9% (HV 20d: 30.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2011-07-27: Highest Volume — 29 contracts
2011-07-14: Largest IV drop — 56.0% change
2011-07-13: Highest IV Rank — 69.4%
2011-07-15: Largest Expected Move — 21.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.24	$4.95	$5.50	$5.48	$4.95
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	69.6%	37.0%	143.8%	64.0%	37.0%
Expected Move	15.7%	10.6%	21.9%	18.4%	10.6%
HV 20d	30.7%	22.6%	48.2%	48.2%	25.8%
HV 60d	40.4%	39.3%	41.8%	41.5%	39.8%
IV Rank	27.9%	9.6%	69.4%	24.7%	9.6%
IV Percentile	33.5%	5.2%	88.5%	28.6%	5.2%
Term Structure	-3.9%	-18.7%	15.8%	-4.7%	0.0%
VWIV	48.2%	35.7%	60.7%	35.7%	60.7%
Bid-Ask Spread %	119.53	96.23	138.00	124.96	132.26
Gamma HHI	0.99	0.98	1.00	1.00	0.99
Net GEX	406	168	1.1K	170	1.1K
Net DEX	-14.7K	-27.8K	-6.6K	-7.4K	-27.8K
Net VEX	-48	-117	-16	-16	-117
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	5.85	0	29	2	0
Total OI	47.75	19	109	19	109

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	Spread %	Call Vol	Put Vol	Call OI	Put OI
2011-07-01	$5.48	$5.00	64.0%	18.4%	48.2%	24.7%	0.0%	0.0%	-4.7%	170	-7.4K	-16	124.96	2	0	19	0
2011-07-05	$5.40	$5.00	62.0%	14.8%	43.2%	23.6%	0.0%	0.0%	14.6%	179	-7.7K	-18	125.84	2	0	21	0
2011-07-06	$5.50	$5.00	77.7%	15.2%	36.8%	32.4%	0.0%	0.0%	-7.8%	195	-8.3K	-17	126.06	0	0	21	0
2011-07-07	$5.50	$5.00	77.7%	15.4%	36.8%	32.4%	0.0%	0.0%	-2.2%	185	-8.3K	-17	117.45	0	0	21	0
2011-07-08	$5.44	$5.00	93.3%	15.7%	37.1%	41.1%	0.0%	0.0%	-9.0%	197	-8.0K	-17	116.96	0	0	21	0
2011-07-11	$5.31	$5.00	111.5%	15.0%	38.1%	51.3%	0.0%	0.0%	15.8%	187	-7.4K	-17	120.86	0	0	21	0
2011-07-12	$5.24	$5.00	120.9%	15.5%	36.9%	56.5%	0.0%	0.0%	1.6%	198	-7.0K	-17	115.74	0	0	21	0
2011-07-13	$5.31	$5.00	143.8%	20.3%	30.4%	69.4%	0.0%	0.0%	-13.4%	180	-7.3K	-17	101.84	0	0	21	0
2011-07-14	$5.18	$5.00	63.3%	18.2%	28.1%	24.3%	0.0%	0.0%	-7.8%	204	-6.6K	-17	111.49	0	0	21	0
2011-07-15	$5.24	$5.00	76.3%	21.9%	28.3%	31.6%	0.0%	0.0%	-18.7%	168	-7.3K	-16	96.23	19	0	21	0
2011-07-18	$5.12	$5.00	45.3%	13.0%	29.0%	14.2%	0.0%	0.0%	8.4%	293	-11.9K	-38	137.10	25	0	38	0
2011-07-19	$5.22	$5.00	47.2%	13.5%	29.5%	15.3%	0.0%	0.0%	-7.9%	472	-17.5K	-58	133.95	10	0	55	0
2011-07-20	$5.15	$5.00	48.6%	13.9%	22.6%	16.1%	35.7%	0.0%	-13.8%	504	-20.4K	-73	138.00	0	1	65	0
2011-07-21	$5.20	$5.00	48.9%	14.0%	22.9%	16.3%	0.0%	0.0%	-13.6%	500	-20.9K	-73	134.54	0	0	65	1
2011-07-22	$5.23	$5.00	57.6%	16.5%	23.0%	21.1%	0.0%	0.0%	-11.4%	487	-21.3K	-73	123.47	3	0	65	1
2011-07-25	$5.18	$5.00	60.8%	17.4%	23.2%	22.9%	60.7%	0.0%	-5.8%	503	-21.3K	-74	104.56	18	0	68	1
2011-07-26	$5.16	$5.00	55.3%	15.8%	23.0%	19.8%	0.0%	0.0%	2.1%	734	-26.9K	-85	114.33	0	0	86	1
2011-07-27	$4.95	$5.00	54.4%	15.6%	25.9%	19.3%	0.0%	0.0%	-0.7%	729	-23.7K	-83	101.72	29	0	86	1
2011-07-28	$4.95	$5.00	47.5%	13.6%	25.8%	15.5%	0.0%	0.0%	-3.8%	956	-26.7K	-115	113.29	8	0	104	1
2011-07-29	$4.95	$5.00	37.0%	10.6%	25.8%	9.6%	0.0%	0.0%	0.0%	1.1K	-27.8K	-117	132.26	0	0	108	1