GPK Options History — March 2012

In March 2012, GPK traded between $5.25 and $5.75. ATM implied volatility averaged 68.9%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 39.0% (HV 20d: 30.0%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-03-15: Highest Volume — 15 contracts
  • 2012-03-15: Largest IV drop — 63.6% change
  • 2012-03-14: Highest IV Rank — 76.7%
  • 2012-03-01: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.52$5.25$5.75$5.41$5.52
Max Pain$7.12$5.00$7.50$5.00$7.50
ATM IV68.9%38.8%157.8%69.5%54.6%
Expected Move15.3%11.1%19.9%19.9%15.7%
HV 20d30.0%24.9%34.9%29.0%25.1%
HV 60d33.8%29.3%39.5%39.4%29.5%
IV Rank27.3%10.5%76.7%27.6%19.3%
IV Percentile41.8%3.8%92.2%56.3%27.2%
Term Structure-9.7%-15.6%2.2%-15.6%-11.4%
VWIV43.3%43.3%43.3%43.3%43.3%
Bid-Ask Spread %120.29110.47181.97123.22113.81
Gamma HHI0.840.660.970.960.76
Net GEX867522.7K2.1K65
Net DEX-40.8K-90.0K-1.7K-64.8K-1.8K
Net VEX-30-73-13-73-14
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.04501500
Total OI97.8181616916916

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-03-01$5.41$5.0069.5%19.9%29.0%27.6%0.0%0.0%-15.6%2.1K-64.8K-730.00123.22001690
2012-03-02$5.35$5.0066.8%19.1%29.4%26.1%0.0%0.0%-10.4%2.2K-62.5K-710.00124.04001690
2012-03-05$5.31$0.0068.5%14.4%29.6%27.1%0.0%0.0%0.6%2.4K-61.5K-670.00127.93001690
2012-03-06$5.25$0.0065.3%15.3%29.9%25.3%0.0%0.0%-2.6%2.7K-58.8K-650.00130.00001690
2012-03-07$5.29$0.0071.7%14.8%29.6%28.8%0.0%0.0%2.2%2.6K-60.9K-630.00119.32001690
2012-03-08$5.46$0.0065.8%15.0%31.4%25.5%0.0%0.0%-6.6%2.3K-74.4K-470.00115.93001690
2012-03-09$5.58$0.0083.7%15.2%31.9%35.5%0.0%0.0%-9.9%1.9K-77.6K-420.00113.81501690
2012-03-12$5.51$0.00115.1%16.1%31.9%52.9%0.0%0.0%-12.4%2.0K-70.4K-400.00116.40001640
2012-03-13$5.75$0.00140.6%15.8%34.7%67.1%0.0%0.0%-10.9%63-90.0K-150.00110.47001640
2012-03-14$5.71$0.00157.8%16.2%34.9%76.7%0.0%0.0%-12.2%61-89.4K-150.00113.11301640
2012-03-15$5.70$0.0057.4%16.4%34.8%20.9%43.3%0.0%-10.4%62-87.6K-150.00114.751501610
2012-03-16$5.68$7.5058.5%16.8%33.0%21.5%0.0%0.0%-13.9%82-81.7K-160.00113.43001560
2012-03-19$5.65$7.5048.7%14.0%33.0%16.1%0.0%0.0%-9.0%72-2.0K-150.00113.6900160
2012-03-20$5.61$7.5048.0%13.8%32.0%15.7%0.0%0.0%-8.9%70-2.0K-140.00114.4200160
2012-03-21$5.58$7.5049.4%14.1%32.0%16.4%0.0%0.0%-10.0%69-1.9K-140.00114.6900160
2012-03-22$5.49$7.5047.3%13.6%27.8%15.2%0.0%0.0%-9.6%63-1.8K-140.00117.2000160
2012-03-23$5.50$7.5038.8%11.1%26.7%10.5%0.0%0.0%0.0%52-2.4K-150.00181.9700160
2012-03-26$5.52$7.5050.2%14.4%26.6%16.9%0.0%0.0%-11.5%63-1.7K-130.00116.6200160
2012-03-27$5.48$7.5051.9%14.9%26.4%17.8%0.0%0.0%-13.1%63-1.7K-140.00118.8700160
2012-03-28$5.49$7.5052.8%15.2%25.3%18.3%0.0%0.0%-13.7%62-1.7K-130.00116.9100160
2012-03-29$5.60$7.5054.4%15.6%24.9%19.2%0.0%0.0%-13.6%67-1.8K-130.00115.7900160
2012-03-30$5.52$7.5054.6%15.7%25.1%19.3%0.0%0.0%-11.4%65-1.8K-140.00113.8100160