GPK Options History — April 2012

In April 2012, GPK traded between $5.24 and $5.62. ATM implied volatility averaged 61.5%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 37.2% (HV 20d: 24.3%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2012-04-13: Highest Volume — 3 contracts
2012-04-09: Largest IV spike — 30.4% change
2012-04-11: Highest IV Rank — 30.3%
2012-04-24: Largest Expected Move — 18.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.44	$5.24	$5.62	$5.62	$5.35
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	61.5%	50.0%	74.3%	56.5%	64.8%
Expected Move	17.0%	14.3%	18.6%	16.2%	18.6%
HV 20d	24.3%	19.1%	27.8%	25.5%	26.5%
HV 60d	27.2%	25.7%	29.7%	29.5%	26.7%
IV Rank	21.0%	14.3%	30.3%	20.4%	17.1%
IV Percentile	44.7%	17.8%	66.0%	31.1%	53.6%
Term Structure	-12.4%	-31.1%	12.5%	-15.1%	-16.6%
Bid-Ask Spread %	129.59	114.08	181.97	114.08	134.52
Gamma HHI	0.62	0.50	0.78	0.76	0.50
Net GEX	68	52	84	64	71
Net DEX	-1.9K	-2.6K	-1.4K	-1.8K	-1.6K
Net VEX	-12	-14	-8	-13	-8
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	0.15	0	3	0	0
Total OI	15.6	13	18	16	13

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	Call OI
2012-04-02	$5.62	$7.50	56.5%	16.2%	25.5%	20.4%	0.0%	0.0%	-15.1%	64	-1.8K	-13	114.08	0	16
2012-04-03	$5.60	$7.50	61.4%	17.6%	25.1%	23.1%	0.0%	0.0%	-19.1%	66	-1.8K	-13	115.52	0	16
2012-04-04	$5.52	$7.50	62.1%	17.8%	25.8%	23.5%	0.0%	0.0%	-20.9%	63	-1.7K	-12	118.59	0	16
2012-04-05	$5.44	$7.50	50.0%	14.3%	23.9%	16.8%	0.0%	0.0%	0.0%	53	-2.3K	-14	181.97	0	16
2012-04-09	$5.30	$0.00	65.2%	15.1%	24.1%	25.2%	0.0%	0.0%	-6.1%	54	-1.4K	-11	130.03	0	16
2012-04-10	$5.24	$0.00	65.6%	16.0%	24.1%	25.4%	0.0%	0.0%	-2.7%	52	-1.4K	-11	129.28	0	16
2012-04-11	$5.34	$0.00	74.3%	16.0%	19.1%	30.3%	0.0%	0.0%	-7.2%	55	-1.5K	-11	128.50	0	16
2012-04-12	$5.42	$0.00	55.5%	15.9%	20.2%	19.8%	0.0%	0.0%	12.5%	55	-1.6K	-12	127.04	0	16
2012-04-13	$5.41	$0.00	56.4%	16.2%	20.2%	20.3%	0.0%	0.0%	-1.1%	55	-1.5K	-11	128.65	3	16
2012-04-16	$5.36	$0.00	59.5%	17.1%	20.3%	20.6%	0.0%	0.0%	-7.5%	75	-2.2K	-13	128.11	0	18
2012-04-17	$5.55	$0.00	59.9%	17.2%	24.3%	20.9%	0.0%	0.0%	-31.1%	84	-2.6K	-14	125.92	0	18
2012-04-18	$5.47	$0.00	59.9%	17.2%	24.7%	20.8%	0.0%	0.0%	-10.5%	78	-2.4K	-13	126.18	0	18
2012-04-19	$5.51	$0.00	62.5%	17.9%	24.8%	22.2%	0.0%	0.0%	-16.8%	78	-2.4K	-13	127.71	0	18
2012-04-20	$5.50	$0.00	61.5%	17.6%	24.1%	19.8%	0.0%	0.0%	-27.3%	81	-2.5K	-13	127.96	0	18
2012-04-23	$5.36	$0.00	62.4%	17.9%	25.8%	20.3%	0.0%	0.0%	-11.7%	74	-1.9K	-11	129.62	0	13
2012-04-24	$5.43	$0.00	64.9%	18.6%	26.2%	21.7%	0.0%	0.0%	-15.8%	76	-2.0K	-10	128.25	0	13
2012-04-25	$5.53	$0.00	64.6%	18.5%	27.0%	21.6%	0.0%	0.0%	-12.8%	80	-2.1K	-11	127.42	0	13
2012-04-26	$5.43	$0.00	60.2%	17.3%	27.8%	14.3%	0.0%	0.0%	-12.6%	77	-1.9K	-10	130.19	0	13
2012-04-27	$5.40	$0.00	62.0%	17.8%	26.7%	15.4%	0.0%	0.0%	-14.1%	72	-1.7K	-8	132.34	0	13
2012-04-30	$5.35	$0.00	64.8%	18.6%	26.5%	17.1%	0.0%	0.0%	-16.6%	71	-1.6K	-8	134.52	0	13