GPK Options History — May 2012

In May 2012, GPK traded between $4.93 and $5.39. ATM implied volatility averaged 62.2%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 36.8% (HV 20d: 25.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2012-05-03: Largest IV drop — 100.0% change
  • 2012-05-09: Highest IV Rank — 28.6%
  • 2012-05-31: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.18$4.93$5.39$5.39$4.95
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV62.2%52.0%83.5%65.9%69.3%
Expected Move16.7%14.4%19.9%18.9%19.9%
HV 20d25.5%22.6%27.5%25.7%27.5%
HV 60d26.6%25.1%27.7%26.7%26.2%
IV Rank15.5%9.2%28.6%17.8%19.9%
IV Percentile41.4%17.6%73.2%57.1%60.4%
Term Structure-12.9%-20.2%-4.0%-11.6%-20.2%
Bid-Ask Spread %147.66128.96196.36128.96148.91
Gamma HHI0.520.500.750.510.54
Net GEX7158967764
Net DEX-1.5K-2.6K-997-2.0K-1.0K
Net VEX-7-13-3-10-5
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1313131313

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-05-01$5.39$0.0065.9%18.9%25.7%17.8%0.0%0.0%-11.6%77-2.0K-100.00128.9600130
2012-05-02$5.34$0.0068.7%19.7%25.8%19.5%0.0%0.0%-19.6%73-1.7K-80.00135.0000130
2012-05-03$5.31$0.000.0%0.0%25.5%0.0%0.0%0.0%0.0%58-1.2K-30.00183.6600130
2012-05-04$5.16$5.000.0%0.0%26.8%0.0%0.0%0.0%0.0%96-2.6K-130.00196.3600130
2012-05-07$5.12$5.0075.0%15.0%25.5%23.4%0.0%0.0%-9.4%66-1.4K-70.00146.3800130
2012-05-08$5.25$5.0072.7%14.4%26.9%22.0%0.0%0.0%-4.0%71-1.5K-80.00140.1400130
2012-05-09$5.27$5.0083.5%14.5%26.0%28.6%0.0%0.0%-7.2%74-1.6K-80.00138.2500130
2012-05-10$5.34$5.0052.5%15.1%25.9%9.6%0.0%0.0%-12.4%72-1.6K-70.00135.1900130
2012-05-11$5.27$5.0052.0%14.9%26.3%9.2%0.0%0.0%-9.6%73-1.6K-80.00142.1700130
2012-05-14$5.21$5.0052.8%15.1%26.4%9.7%0.0%0.0%-10.2%72-1.5K-70.00145.8100130
2012-05-15$5.25$5.0053.2%15.3%22.9%10.0%0.0%0.0%-6.9%75-1.6K-80.00136.6000130
2012-05-16$5.21$5.0058.8%16.9%22.6%13.4%0.0%0.0%-15.9%69-1.5K-70.00146.2400130
2012-05-17$5.13$5.0056.1%16.1%22.7%11.8%0.0%0.0%-12.1%69-1.4K-70.00145.9800130
2012-05-18$5.01$5.0055.7%16.0%23.8%11.5%0.0%0.0%-12.7%68-1.3K-60.00148.9100130
2012-05-21$5.18$5.0057.5%16.5%26.0%12.6%0.0%0.0%-16.4%72-1.4K-70.00146.1200130
2012-05-22$5.15$5.0058.9%16.9%25.5%13.5%0.0%0.0%-14.7%70-1.4K-60.00146.0900130
2012-05-23$5.21$5.0059.5%17.0%24.8%13.8%0.0%0.0%-14.2%72-1.5K-60.00145.0300130
2012-05-24$5.10$5.0059.3%17.0%25.1%13.7%0.0%0.0%-12.5%70-1.3K-60.00145.9800130
2012-05-25$5.02$5.0061.3%17.6%25.5%15.0%0.0%0.0%-13.2%66-1.2K-50.00148.9100130
2012-05-29$5.08$5.0064.4%18.5%26.0%16.9%0.0%0.0%-16.3%68-1.2K-50.00148.9100130
2012-05-30$4.93$5.0067.3%19.3%27.4%18.6%0.0%0.0%-19.2%64-997-40.00148.9100130
2012-05-31$4.95$5.0069.3%19.9%27.5%19.9%0.0%0.0%-20.2%64-1.0K-50.00148.9100130