GPK Options History — October 2012

In October 2012, GPK traded between $5.60 and $5.94. ATM implied volatility averaged 67.6%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 52.4% (HV 20d: 15.2%). 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 2 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2012-10-25: Highest Volume — 98 contracts
2012-10-11: Largest IV drop — 45.0% change
2012-10-10: Highest IV Rank — 42.5%
2012-10-04: Largest Expected Move — 22.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.76	$5.60	$5.94	$5.72	$5.92
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	67.6%	39.4%	101.0%	68.3%	78.7%
Expected Move	17.3%	11.3%	22.7%	19.6%	22.6%
HV 20d	15.2%	11.6%	25.6%	13.3%	24.9%
HV 60d	22.5%	17.9%	24.9%	24.9%	18.0%
IV Rank	21.7%	4.5%	42.5%	21.6%	28.7%
IV Percentile	57.5%	3.2%	94.0%	69.2%	84.8%
Term Structure	-13.1%	-51.7%	13.0%	-16.2%	-51.7%
VWIV	54.6%	51.2%	58.0%	58.0%	51.2%
Bid-Ask Spread %	120.96	110.05	125.13	120.62	122.11
Gamma HHI	0.58	0.51	0.68	0.65	0.55
Net GEX	657	556	842	560	767
Net DEX	-33.4K	-47.7K	-28.5K	-29.4K	-47.7K
Net VEX	-81	-100	-65	-81	-65
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	6.238	0	98	0	0
Total OI	121.429	105	147	105	147

Daily Data (21 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
2012-10-01	$5.72	$0.00	68.3%	19.6%	13.3%	21.6%	0.0%	0.0%	-16.2%	560	-29.4K	-81	120.62	0	0	90	15
2012-10-02	$5.69	$0.00	71.0%	20.4%	13.4%	23.2%	0.0%	0.0%	-18.5%	556	-28.5K	-80	121.13	6	0	90	15
2012-10-03	$5.77	$0.00	73.9%	21.2%	14.2%	24.9%	0.0%	0.0%	-19.4%	593	-30.7K	-83	121.11	0	0	96	15
2012-10-04	$5.77	$0.00	79.3%	22.7%	13.7%	28.1%	0.0%	0.0%	-27.2%	605	-31.7K	-74	122.38	0	0	96	15
2012-10-05	$5.78	$0.00	84.8%	15.4%	12.5%	31.4%	0.0%	0.0%	-11.3%	593	-30.9K	-82	124.27	0	0	96	15
2012-10-08	$5.77	$0.00	91.5%	15.5%	12.5%	36.7%	0.0%	0.0%	-8.8%	593	-30.7K	-79	123.41	0	0	96	15
2012-10-09	$5.77	$0.00	95.6%	15.7%	12.5%	39.2%	0.0%	0.0%	-9.2%	593	-30.7K	-80	123.41	0	0	96	15
2012-10-10	$5.75	$0.00	101.0%	16.0%	12.5%	42.5%	0.0%	0.0%	-9.9%	594	-30.3K	-82	122.90	0	0	96	15
2012-10-11	$5.69	$0.00	55.5%	15.9%	12.8%	14.5%	0.0%	0.0%	-10.1%	596	-29.1K	-80	125.13	0	0	96	15
2012-10-12	$5.67	$0.00	54.6%	15.7%	12.8%	13.9%	0.0%	0.0%	-9.7%	600	-28.8K	-78	124.70	0	0	96	15
2012-10-15	$5.72	$0.00	56.1%	16.1%	11.6%	14.9%	0.0%	0.0%	-10.2%	599	-30.2K	-75	124.47	0	0	96	15
2012-10-16	$5.85	$0.00	58.8%	16.9%	14.1%	16.5%	0.0%	0.0%	-10.8%	592	-32.6K	-71	123.34	18	0	96	15
2012-10-17	$5.84	$0.00	60.0%	17.2%	14.1%	17.2%	0.0%	0.0%	-11.5%	706	-34.1K	-88	122.78	0	0	114	15
2012-10-18	$5.79	$0.00	62.0%	17.8%	14.5%	18.5%	0.0%	0.0%	3.5%	650	-31.6K	-100	122.78	0	1	114	15
2012-10-19	$5.70	$0.00	60.3%	17.3%	14.8%	17.4%	58.0%	0.0%	-12.9%	700	-30.9K	-90	123.74	8	0	114	16
2012-10-22	$5.66	$5.00	59.6%	17.1%	14.5%	17.0%	0.0%	0.0%	-12.6%	794	-35.1K	-89	119.06	0	0	122	15
2012-10-23	$5.60	$5.00	39.4%	11.3%	14.8%	4.5%	0.0%	0.0%	-5.2%	820	-36.8K	-74	110.62	0	0	122	15
2012-10-24	$5.61	$5.00	45.4%	13.0%	14.7%	8.2%	0.0%	0.0%	13.0%	749	-32.7K	-97	110.95	0	0	122	15
2012-10-25	$5.94	$5.00	53.5%	15.3%	25.5%	13.2%	51.2%	0.0%	-15.4%	686	-43.8K	-67	110.05	98	0	122	15
2012-10-26	$5.91	$5.00	69.4%	19.9%	25.6%	23.0%	0.0%	0.0%	-21.8%	842	-45.4K	-84	121.29	0	0	132	15
2012-10-31	$5.92	$5.00	78.7%	22.6%	24.9%	28.7%	0.0%	0.0%	-51.7%	767	-47.7K	-65	122.11	0	0	132	15