GPK Options History — August 2011

In August 2011, GPK traded between $3.66 and $4.97. ATM implied volatility averaged 100.8%, placing in the 45.3% IV rank vs the trailing year. The 30-day expected move averaged 27.0%. IV traded above realized volatility by 17.4% (HV 20d: 83.4%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2011-08-01: Highest Volume — 10 contracts
2011-08-29: Largest IV spike — 97.4% change
2011-08-10: Highest IV Rank — 93.1%
2011-08-08: Largest Expected Move — 48.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.21	$3.66	$4.97	$4.97	$4.21
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	100.8%	40.9%	186.3%	54.4%	128.1%
Expected Move	27.0%	11.7%	48.5%	15.6%	36.7%
HV 20d	83.4%	25.6%	110.6%	25.6%	109.7%
HV 60d	59.7%	38.8%	70.4%	38.8%	68.8%
IV Rank	45.3%	11.8%	93.1%	19.4%	60.5%
IV Percentile	61.5%	9.6%	98.3%	18.8%	82.1%
Term Structure	-30.7%	-71.0%	13.1%	13.1%	-46.7%
VWIV	78.7%	78.7%	78.7%	78.7%	78.7%
Bid-Ask Spread %	156.93	114.66	190.91	114.66	144.75
Gamma HHI	0.98	0.96	1.00	0.99	0.98
Net GEX	517	254	1.2K	865	504
Net DEX	-15.1K	-29.5K	-3.6K	-29.5K	-17.0K
Net VEX	-86	-121	-33	-115	-92
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	1.304	0	10	10	0
Total OI	117.174	108	132	109	108

Daily Data (23 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	Call OI	Put OI
2011-08-01	$4.97	$5.00	54.4%	15.6%	25.6%	19.4%	0.0%	0.0%	13.1%	865	-29.5K	-115	114.66	10	108	1
2011-08-02	$4.67	$5.00	40.9%	11.7%	32.6%	11.8%	0.0%	0.0%	8.5%	935	-26.0K	-118	130.88	5	118	1
2011-08-03	$4.79	$5.00	70.7%	20.3%	33.5%	28.4%	0.0%	0.0%	-36.3%	1.2K	-25.1K	-121	175.48	0	118	1
2011-08-04	$4.53	$5.00	83.2%	23.8%	37.5%	35.4%	0.0%	0.0%	-29.0%	792	-15.7K	-100	181.54	0	118	1
2011-08-05	$4.35	$5.00	139.8%	24.9%	39.1%	67.1%	0.0%	0.0%	-29.9%	583	-20.3K	-108	158.08	0	118	1
2011-08-08	$3.66	$5.00	169.2%	48.5%	69.4%	83.5%	0.0%	0.0%	-71.0%	273	-11.4K	-79	144.91	0	118	1
2011-08-09	$4.11	$5.00	185.2%	29.5%	84.3%	92.5%	0.0%	0.0%	-43.9%	405	-14.0K	-91	145.56	3	118	1
2011-08-10	$3.83	$5.00	186.3%	28.4%	86.2%	93.1%	0.0%	0.0%	-50.2%	355	-11.2K	-79	146.87	0	121	1
2011-08-11	$4.07	$5.00	86.4%	24.8%	90.3%	37.2%	0.0%	0.0%	-26.0%	416	-13.9K	-89	150.58	0	121	1
2011-08-12	$4.27	$5.00	90.4%	25.9%	92.5%	39.5%	0.0%	0.0%	-34.4%	473	-16.4K	-95	146.76	0	121	1
2011-08-15	$4.43	$5.00	82.4%	23.6%	93.8%	35.0%	0.0%	0.0%	-15.0%	532	-18.3K	-99	149.66	0	121	1
2011-08-16	$4.38	$5.00	66.4%	19.0%	93.3%	26.0%	0.0%	0.0%	10.2%	548	-16.9K	-96	149.28	10	121	1
2011-08-17	$4.36	$5.00	94.8%	27.2%	93.3%	41.9%	0.0%	0.0%	-32.1%	533	-20.4K	-107	148.24	0	131	1
2011-08-18	$3.91	$5.00	111.9%	32.1%	99.5%	51.5%	0.0%	0.0%	-53.4%	412	-14.0K	-88	139.45	0	131	1
2011-08-19	$3.80	$5.00	119.3%	34.2%	99.4%	55.7%	0.0%	0.0%	-63.6%	367	-14.1K	-87	141.74	0	131	1
2011-08-22	$3.86	$5.00	78.7%	22.6%	100.0%	32.9%	78.7%	0.0%	0.0%	254	-3.6K	-33	188.29	2	110	0
2011-08-23	$4.07	$5.00	57.8%	0.0%	102.8%	21.3%	0.0%	0.0%	0.0%	377	-4.4K	-38	189.52	0	108	0
2011-08-24	$4.25	$5.00	81.8%	23.5%	104.0%	34.7%	0.0%	0.0%	0.0%	419	-13.0K	-75	190.91	0	108	0
2011-08-25	$3.97	$5.00	98.1%	28.1%	106.1%	43.8%	0.0%	0.0%	0.0%	322	-4.4K	-40	190.20	0	108	0
2011-08-26	$3.97	$5.00	61.4%	0.0%	106.1%	23.2%	0.0%	0.0%	0.0%	320	-4.4K	-40	189.52	0	108	0
2011-08-29	$4.29	$5.00	121.2%	34.7%	110.6%	56.7%	0.0%	0.0%	-42.0%	524	-18.3K	-96	148.70	0	108	0
2011-08-30	$4.10	$5.00	110.1%	31.6%	109.6%	50.5%	0.0%	0.0%	-11.8%	482	-14.8K	-86	143.82	0	108	0
2011-08-31	$4.21	$5.00	128.1%	36.7%	109.7%	60.5%	0.0%	0.0%	-46.7%	504	-17.0K	-92	144.75	0	108	0