GPK Options History — November 2011

In November 2011, GPK traded between $3.98 and $4.57. ATM implied volatility averaged 64.6%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded below realized volatility by 10.0% (HV 20d: 74.5%). 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 9 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-11-21: Highest Volume — 16 contracts
  • 2011-11-28: Largest IV spike — 52.3% change
  • 2011-11-07: Highest IV Rank — 44.9%
  • 2011-11-01: Largest Expected Move — 26.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.31$3.98$4.57$4.13$4.43
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV64.6%39.3%100.6%92.3%56.2%
Expected Move16.4%11.3%26.4%26.4%16.1%
HV 20d74.5%62.8%79.4%74.0%69.9%
HV 60d74.1%70.9%79.8%79.8%73.7%
IV Rank24.9%10.8%44.9%40.3%20.2%
IV Percentile29.7%3.5%70.4%62.6%19.1%
Term Structure0.3%-24.4%23.6%-24.4%1.5%
Bid-Ask Spread %135.67110.21189.25143.48116.03
Gamma HHI0.990.971.000.980.99
Net GEX578212791443766
Net DEX-11.6K-16.3K-2.5K-11.0K-16.3K
Net VEX-57-72-15-58-72
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.524016010
Total OI98.2389011290112

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-11-01$4.13$0.0092.3%26.4%74.0%40.3%0.0%0.0%-24.4%443-11.0K-580.00143.4800900
2011-11-02$4.35$0.0087.2%25.0%75.4%37.5%0.0%0.0%-21.7%582-12.8K-640.00147.0200900
2011-11-03$4.53$0.0084.7%24.3%75.6%36.1%0.0%0.0%-15.3%675-15.6K-690.00149.9300900
2011-11-04$4.42$5.0086.5%15.8%73.3%37.0%0.0%0.0%0.1%625-13.7K-660.00149.2800900
2011-11-07$4.42$5.00100.6%16.4%69.8%44.9%0.0%0.0%-0.8%620-13.8K-650.00144.4100900
2011-11-08$4.56$5.0094.5%16.8%69.4%41.5%0.0%0.0%-8.8%703-15.9K-690.00148.6700900
2011-11-09$4.22$5.0093.4%14.4%75.7%40.9%0.0%0.0%-3.5%538-9.2K-500.00124.8850900
2011-11-10$4.30$5.0051.9%14.9%75.9%17.8%0.0%0.0%-3.1%592-12.1K-610.00125.4400950
2011-11-11$4.57$5.0047.9%13.7%78.2%15.6%0.0%0.0%12.8%791-15.2K-680.00132.3600950
2011-11-14$4.34$5.0050.2%14.4%79.4%16.9%0.0%0.0%23.6%589-13.8K-620.00112.5800950
2011-11-15$4.45$5.0049.7%14.2%78.6%16.6%0.0%0.0%19.5%686-14.2K-660.00115.3100950
2011-11-16$4.35$5.0046.9%13.4%77.7%15.0%0.0%0.0%0.4%677-10.8K-550.00113.9900950
2011-11-17$4.28$5.0054.5%15.6%77.8%19.3%0.0%0.0%-0.9%611-10.6K-540.00112.4100950
2011-11-18$4.41$5.0048.7%14.0%77.3%16.1%0.0%0.0%6.2%664-13.3K-600.00117.7610950
2011-11-21$4.16$5.0058.8%16.9%78.7%21.7%0.0%0.0%18.6%478-11.2K-550.00110.23160960
2011-11-22$4.09$5.0042.5%12.2%78.8%12.6%0.0%0.0%0.0%289-3.3K-230.00189.25001120
2011-11-23$4.02$5.0045.8%13.1%78.9%14.4%0.0%0.0%0.0%212-2.5K-150.00187.25001120
2011-11-25$3.98$5.0039.3%11.3%62.8%10.8%0.0%0.0%0.0%280-8.4K-490.00187.43001120
2011-11-28$4.28$5.0059.9%17.2%68.9%22.3%0.0%0.0%1.5%730-11.4K-590.00110.21001120
2011-11-29$4.12$5.0064.7%18.5%69.2%24.9%0.0%0.0%-0.3%578-8.9K-520.00111.10001120
2011-11-30$4.43$5.0056.2%16.1%69.9%20.2%0.0%0.0%1.5%766-16.3K-720.00116.031001120