GPK Options History — May 2013

Name: GPK Options Analytics - May 2013
Creator: Options Analysis Suite

In May 2013, GPK traded between $7.31 and $8.06. ATM implied volatility averaged 25.5%, placing in the 3.6% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 1.6% (HV 20d: 27.2%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.10.

Notable Days

2013-05-16: Highest Volume — 44 contracts
2013-05-16: Largest IV drop — 57.6% change
2013-05-15: Highest IV Rank — 19.2%
2013-05-10: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.78	$7.31	$8.06	$7.31	$7.69
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	25.5%	16.1%	52.2%	20.6%	24.0%
Expected Move	6.7%	4.6%	8.4%	5.9%	6.9%
HV 20d	27.2%	21.2%	35.4%	34.0%	25.0%
HV 60d	26.0%	24.2%	27.1%	26.5%	26.0%
IV Rank	3.6%	0.0%	19.2%	0.0%	4.7%
IV Percentile	9.0%	0.0%	52.4%	0.0%	7.5%
Term Structure	4.3%	-3.7%	17.1%	5.5%	-0.9%
VWIV	23.5%	10.9%	29.3%	26.7%	28.8%
Skew 25d	-2.5%	-70.5%	57.5%	57.5%	5.6%
Skew 10d	3.6%	-102.7%	66.3%	66.3%	12.4%
Call IV 25d	42.6%	22.4%	105.2%	51.9%	28.5%
Put IV 25d	40.1%	21.4%	109.3%	109.3%	34.1%
Bid-Ask Spread %	47.79	18.77	114.33	30.60	55.60
Gamma HHI	0.94	0.57	1.00	0.78	0.96
Net GEX	-903	-2.2K	182	-284	-1.8K
Net DEX	-113.6K	-182.5K	-22.2K	-30.1K	-84.5K
Net VEX	-391	-498	-262	-494	-374
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	1.33	0.00	0.00
Total Volume	9.045	0	44	0	26
Total OI	613.636	580	649	627	587

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2013-05-01	$7.31	$7.50	20.6%	5.9%	34.0%	0.0%	0.0%	57.5%	5.5%	-284	-30.1K	-494	0.00	30.60	0	0	286	341
2013-05-02	$7.41	$7.50	23.6%	6.8%	34.3%	1.9%	0.0%	-34.3%	2.8%	-392	-22.2K	-480	0.00	69.93	0	0	286	341
2013-05-03	$7.60	$7.50	27.2%	7.8%	35.4%	4.0%	26.7%	21.4%	-2.3%	-558	-63.5K	-488	0.00	38.48	27	0	286	341
2013-05-06	$7.56	$7.50	29.0%	7.3%	35.2%	5.1%	0.0%	-50.3%	5.1%	147	-69.8K	-498	0.00	27.86	0	0	306	341
2013-05-07	$7.68	$7.50	22.7%	7.5%	35.3%	1.3%	26.1%	-58.8%	2.8%	182	-93.9K	-476	0.00	25.03	3	0	306	341
2013-05-08	$7.76	$7.50	22.5%	7.6%	32.1%	1.1%	26.7%	-63.1%	3.2%	-33	-111.8K	-451	0.00	30.99	25	0	303	341
2013-05-09	$7.75	$7.50	26.7%	7.8%	31.9%	3.7%	0.0%	19.9%	0.9%	-842	-96.2K	-426	0.00	30.99	10	0	278	341
2013-05-10	$7.76	$7.50	25.1%	8.4%	31.9%	2.7%	0.0%	-70.5%	-0.5%	-526	-105.7K	-440	0.00	75.30	0	0	288	341
2013-05-13	$7.84	$7.50	28.8%	7.2%	23.6%	5.0%	24.8%	-2.3%	6.4%	-1.1K	-129.3K	-385	0.00	38.57	10	0	288	341
2013-05-14	$7.96	$7.50	40.8%	6.5%	23.8%	12.3%	20.1%	18.9%	10.4%	-1.1K	-153.5K	-340	0.00	36.26	19	0	288	341
2013-05-15	$8.06	$7.50	52.2%	6.0%	22.3%	19.2%	0.0%	19.6%	9.1%	-861	-182.5K	-277	0.00	18.77	0	0	288	341
2013-05-16	$7.85	$7.50	22.1%	6.3%	24.7%	0.9%	29.3%	8.9%	4.8%	-706	-122.2K	-398	0.00	22.35	44	0	288	341
2013-05-17	$7.94	$7.50	20.3%	5.8%	24.8%	0.0%	10.9%	18.0%	17.1%	-501	-152.9K	-395	0.00	42.78	6	0	308	341
2013-05-20	$7.92	$7.50	24.0%	6.9%	23.7%	2.2%	0.0%	8.3%	4.8%	-1.1K	-136.1K	-362	0.00	112.24	1	0	267	313
2013-05-21	$7.88	$7.50	21.8%	6.2%	23.5%	0.9%	23.9%	3.7%	5.3%	-1.2K	-135.7K	-359	0.00	62.18	2	0	268	313
2013-05-22	$7.80	$7.50	21.4%	6.1%	23.6%	0.7%	0.0%	16.4%	4.7%	-1.5K	-121.2K	-371	0.00	61.76	0	0	268	313
2013-05-23	$7.83	$7.50	22.9%	6.6%	22.2%	1.6%	17.5%	17.7%	2.8%	-1.4K	-123.9K	-367	1.33	61.72	9	12	268	313
2013-05-24	$7.78	$7.50	16.1%	4.6%	22.4%	0.0%	0.0%	3.0%	14.0%	-2.2K	-131.7K	-342	0.00	55.99	0	0	267	325
2013-05-28	$7.98	$7.50	23.3%	6.7%	23.0%	4.3%	0.0%	1.0%	2.6%	-1.3K	-154.1K	-288	0.00	19.00	5	0	267	325
2013-05-29	$7.86	$7.50	25.4%	7.3%	23.9%	5.5%	0.0%	-0.9%	-3.7%	-1.6K	-124.3K	-334	0.00	114.33	0	0	262	325
2013-05-30	$7.96	$7.50	20.9%	6.0%	21.2%	2.9%	0.0%	5.2%	-0.7%	-1.3K	-155.2K	-262	0.00	20.76	0	0	262	325
2013-05-31	$7.69	$7.50	24.0%	6.9%	25.0%	4.7%	28.8%	5.6%	-0.9%	-1.8K	-84.5K	-374	0.00	55.60	26	0	262	325