GPK Options History — August 2012

In August 2012, GPK traded between $5.41 and $5.72. ATM implied volatility averaged 66.3%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 33.8% (HV 20d: 32.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2012-08-29: Highest Volume — 43 contracts
2012-08-16: Largest IV drop — 68.8% change
2012-08-15: Highest IV Rank — 63.2%
2012-08-01: Largest Expected Move — 19.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.62	$5.41	$5.72	$5.41	$5.59
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	66.3%	39.0%	139.1%	67.5%	53.0%
Expected Move	14.2%	11.1%	19.3%	19.3%	15.2%
HV 20d	32.5%	14.3%	39.2%	35.9%	14.3%
HV 60d	35.5%	31.5%	37.4%	36.6%	31.5%
IV Rank	19.0%	2.3%	63.2%	19.6%	10.8%
IV Percentile	39.0%	1.6%	92.4%	55.6%	21.6%
Term Structure	-9.3%	-31.1%	9.5%	-25.7%	-18.2%
VWIV	40.3%	31.6%	48.1%	48.1%	31.6%
Bid-Ask Spread %	120.93	100.24	130.22	125.41	130.22
Gamma HHI	0.71	0.65	0.80	0.67	0.79
Net GEX	731	607	879	616	879
Net DEX	-48.8K	-55.5K	-38.4K	-38.4K	-49.1K
Net VEX	-129	-167	-82	-165	-105
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	2.522	0	43	0	0
Total OI	189.348	177	193	188	177

Daily Data (23 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	Put Vol	Call OI	Put OI
2012-08-01	$5.41	$5.00	67.5%	19.3%	35.9%	19.6%	0.0%	0.0%	-25.7%	616	-38.4K	-165	125.41	0	0	145	43
2012-08-02	$5.46	$5.00	65.5%	18.8%	36.0%	18.4%	0.0%	0.0%	-19.8%	607	-39.6K	-167	122.62	0	0	145	43
2012-08-03	$5.70	$5.00	64.5%	18.5%	39.2%	17.8%	0.0%	0.0%	-23.6%	714	-49.2K	-143	124.34	0	0	145	43
2012-08-06	$5.65	$5.00	54.9%	12.2%	38.9%	12.0%	48.1%	0.0%	1.5%	613	-47.6K	-149	126.25	10	0	145	43
2012-08-07	$5.65	$5.00	61.4%	12.3%	38.3%	15.9%	0.0%	0.0%	-6.7%	699	-49.9K	-148	122.49	0	0	150	43
2012-08-08	$5.61	$5.00	82.1%	11.1%	38.4%	28.5%	0.0%	0.0%	3.2%	752	-49.5K	-143	120.99	0	0	150	43
2012-08-09	$5.61	$5.00	86.5%	12.8%	38.3%	31.2%	0.0%	0.0%	-11.9%	758	-48.2K	-146	122.08	0	0	150	43
2012-08-10	$5.60	$5.00	92.1%	15.4%	38.0%	34.6%	0.0%	0.0%	-31.1%	792	-44.8K	-152	120.84	0	0	150	43
2012-08-13	$5.63	$5.00	109.6%	12.8%	37.7%	45.2%	0.0%	0.0%	-9.5%	755	-49.5K	-138	121.36	0	0	150	43
2012-08-14	$5.62	$5.00	116.5%	12.4%	37.6%	49.4%	0.0%	0.0%	-12.3%	771	-49.7K	-132	128.94	0	0	150	43
2012-08-15	$5.66	$5.00	139.1%	12.4%	37.6%	63.2%	0.0%	0.0%	-11.8%	726	-51.7K	-127	129.11	0	0	150	43
2012-08-16	$5.68	$5.00	43.4%	12.4%	37.7%	5.0%	0.0%	0.0%	-13.6%	725	-52.6K	-128	128.29	0	0	150	43
2012-08-17	$5.72	$5.00	53.8%	15.4%	37.0%	11.3%	0.0%	0.0%	-15.2%	744	-52.3K	-126	128.29	4	0	150	43
2012-08-20	$5.70	$5.00	39.0%	11.2%	36.7%	2.3%	41.2%	0.0%	-10.9%	708	-53.1K	-113	119.35	1	0	146	43
2012-08-21	$5.68	$5.00	53.4%	15.3%	34.5%	11.1%	0.0%	0.0%	-3.3%	732	-49.2K	-127	129.15	0	0	146	43
2012-08-22	$5.64	$5.00	55.0%	15.8%	34.6%	12.1%	0.0%	0.0%	-4.6%	733	-47.5K	-126	128.49	0	0	146	43
2012-08-23	$5.56	$5.00	46.5%	13.3%	27.2%	6.9%	0.0%	0.0%	4.6%	751	-44.6K	-127	105.43	0	0	146	43
2012-08-24	$5.55	$5.00	42.6%	12.2%	23.8%	4.5%	0.0%	0.0%	9.5%	775	-47.1K	-116	104.54	0	0	146	43
2012-08-27	$5.53	$5.00	59.0%	16.9%	22.2%	14.5%	0.0%	0.0%	-2.0%	649	-54.9K	-82	113.10	0	0	146	43
2012-08-28	$5.64	$5.00	57.5%	16.5%	23.3%	13.6%	0.0%	0.0%	-3.0%	743	-47.3K	-121	100.24	0	0	146	43
2012-08-29	$5.71	$5.00	39.5%	11.3%	19.6%	2.7%	31.6%	0.0%	-1.3%	700	-55.5K	-95	113.74	0	43	146	43
2012-08-30	$5.59	$5.00	43.5%	12.5%	21.2%	5.1%	0.0%	0.0%	-8.7%	868	-50.8K	-100	116.16	0	0	146	31
2012-08-31	$5.59	$5.00	53.0%	15.2%	14.3%	10.8%	0.0%	0.0%	-18.2%	879	-49.1K	-105	130.22	0	0	146	31