GPK Options History — September 2011

In September 2011, GPK traded between $3.45 and $4.10. ATM implied volatility averaged 135.9%, placing in the 64.9% IV rank vs the trailing year. The 30-day expected move averaged 35.9%. IV traded above realized volatility by 67.1% (HV 20d: 68.8%). 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 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2011-09-12: Highest Volume — 20 contracts
2011-09-28: Largest IV spike — 97.2% change
2011-09-28: Highest IV Rank — 93.1%
2011-09-28: Largest Expected Move — 53.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.81	$3.45	$4.10	$4.10	$3.45
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	135.9%	83.5%	186.3%	124.3%	184.4%
Expected Move	35.9%	23.9%	53.4%	35.6%	52.9%
HV 20d	68.8%	53.2%	108.4%	108.4%	62.1%
HV 60d	69.4%	67.6%	74.1%	68.9%	74.1%
IV Rank	64.9%	35.6%	93.1%	58.4%	92.1%
IV Percentile	81.8%	56.5%	98.3%	81.7%	95.7%
Term Structure	-34.7%	-64.2%	1.0%	-38.2%	-53.6%
Bid-Ask Spread %	142.38	137.30	189.52	143.48	143.88
Gamma HHI	0.94	0.78	0.98	0.98	0.95
Net GEX	290	184	477	477	184
Net DEX	-10.9K	-18.0K	-2.9K	-15.1K	-10.4K
Net VEX	-66	-85	-25	-85	-60
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	1.905	0	20	0	0
Total OI	98.476	84	128	108	84

Daily Data (21 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
2011-09-01	$4.10	$5.00	124.3%	35.6%	108.4%	58.4%	0.0%	0.0%	-38.2%	477	-15.1K	-85	143.48	0	108
2011-09-02	$3.95	$5.00	98.3%	28.2%	108.3%	43.9%	0.0%	0.0%	-5.2%	257	-2.9K	-25	189.52	0	108
2011-09-06	$3.90	$0.00	156.7%	27.2%	88.5%	76.5%	0.0%	0.0%	-28.1%	297	-11.3K	-73	138.26	0	108
2011-09-07	$4.00	$0.00	123.6%	26.9%	78.4%	58.0%	0.0%	0.0%	-31.9%	322	-12.0K	-76	138.95	0	108
2011-09-08	$3.84	$0.00	160.7%	27.8%	75.6%	78.8%	0.0%	0.0%	-30.5%	284	-10.9K	-70	139.28	0	108
2011-09-09	$3.86	$0.00	165.0%	28.8%	72.2%	81.2%	0.0%	0.0%	-31.0%	285	-11.2K	-72	139.82	0	108
2011-09-12	$3.80	$0.00	106.6%	30.6%	69.7%	48.5%	0.0%	0.0%	-34.6%	276	-10.6K	-68	137.30	20	108
2011-09-13	$3.85	$0.00	105.5%	30.2%	68.3%	47.9%	0.0%	0.0%	-34.7%	325	-17.7K	-78	138.22	0	128
2011-09-14	$3.88	$0.00	104.4%	29.9%	68.5%	47.3%	0.0%	0.0%	-35.2%	328	-18.0K	-79	139.92	20	128
2011-09-15	$4.02	$0.00	83.5%	23.9%	70.1%	35.6%	0.0%	0.0%	1.0%	323	-12.3K	-74	140.74	0	108
2011-09-16	$4.08	$0.00	97.4%	27.9%	58.3%	43.4%	0.0%	0.0%	-33.8%	344	-12.5K	-74	138.16	0	108
2011-09-19	$3.85	$0.00	106.6%	30.5%	61.2%	48.5%	0.0%	0.0%	-25.0%	299	-9.9K	-65	141.51	0	84
2011-09-20	$3.79	$0.00	110.7%	31.7%	61.2%	50.8%	0.0%	0.0%	-26.7%	312	-9.9K	-66	141.06	0	84
2011-09-21	$3.61	$0.00	164.5%	47.1%	59.9%	80.9%	0.0%	0.0%	-45.0%	239	-9.3K	-62	139.00	0	84
2011-09-22	$3.54	$0.00	157.7%	45.2%	57.2%	77.1%	0.0%	0.0%	-35.9%	228	-8.8K	-59	138.47	0	84
2011-09-23	$3.59	$0.00	166.7%	47.8%	53.2%	82.1%	0.0%	0.0%	-46.8%	241	-8.7K	-57	142.28	0	84
2011-09-26	$3.60	$0.00	170.7%	48.9%	53.3%	84.4%	0.0%	0.0%	-49.4%	238	-9.2K	-59	139.30	0	84
2011-09-27	$3.91	$0.00	94.5%	27.1%	54.3%	41.7%	0.0%	0.0%	-20.0%	317	-10.2K	-64	140.54	0	84
2011-09-28	$3.62	$0.00	186.3%	53.4%	58.5%	93.1%	0.0%	0.0%	-59.1%	242	-9.3K	-59	142.22	0	84
2011-09-29	$3.70	$0.00	185.4%	53.1%	58.2%	92.6%	0.0%	0.0%	-64.2%	262	-9.3K	-59	138.12	0	84
2011-09-30	$3.45	$0.00	184.4%	52.9%	62.1%	92.1%	0.0%	0.0%	-53.6%	184	-10.4K	-60	143.88	0	84