GPK Options History — September 2013

In September 2013, GPK traded between $8.34 and $8.80. ATM implied volatility averaged 38.7%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 19.5% (HV 20d: 19.2%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2013-09-18: Highest Volume — 100 contracts
2013-09-10: Largest IV spike — 56.2% change
2013-09-24: Highest IV Rank — 26.0%
2013-09-24: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.64	$8.34	$8.80	$8.34	$8.56
Max Pain	$9.25	$5.00	$10.00	$5.00	$10.00
ATM IV	38.7%	29.7%	60.1%	30.2%	45.6%
Expected Move	10.5%	7.5%	17.2%	8.6%	13.1%
HV 20d	19.2%	16.8%	21.9%	20.6%	18.6%
HV 60d	23.6%	22.5%	24.7%	24.4%	22.5%
IV Rank	13.4%	8.0%	26.0%	8.3%	17.4%
IV Percentile	55.9%	36.1%	84.5%	38.1%	69.8%
Term Structure	-10.4%	-27.6%	4.3%	0.7%	-17.8%
VWIV	42.3%	40.2%	44.5%	40.2%	44.5%
Skew 25d	1.4%	-4.7%	8.9%	-3.8%	-3.6%
Skew 10d	2.4%	-6.0%	11.5%	4.1%	-2.3%
Call IV 25d	27.6%	16.4%	41.3%	28.3%	41.3%
Put IV 25d	29.0%	19.0%	42.5%	24.6%	37.6%
Bid-Ask Spread %	57.49	21.66	167.02	26.78	36.58
Gamma HHI	0.74	0.56	0.84	0.56	0.78
Net GEX	7.0K	5.7K	8.4K	5.8K	7.2K
Net DEX	-216.6K	-286.7K	-143.2K	-197.1K	-143.2K
Net VEX	-835	-1.1K	-723	-726	-795
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	9.35	0	100	1	0
Total OI	701.6	656	829	699	656

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	Put Vol	Call OI	Put OI
2013-09-03	$8.34	$5.00	30.2%	8.6%	20.6%	8.3%	0.0%	-3.8%	0.7%	5.8K	-197.1K	-726	26.78	0	1	632	67
2013-09-04	$8.45	$5.00	30.0%	8.6%	21.1%	8.2%	0.0%	0.5%	-2.6%	5.8K	-216.9K	-768	23.55	0	0	632	68
2013-09-05	$8.47	$5.00	33.0%	9.5%	21.1%	10.0%	0.0%	-1.1%	-2.4%	5.9K	-224.2K	-850	21.66	0	0	632	68
2013-09-06	$8.37	$10.00	37.1%	7.5%	19.8%	12.4%	0.0%	-4.7%	-6.4%	6.2K	-209.9K	-742	27.21	0	0	632	68
2013-09-09	$8.54	$10.00	34.7%	9.9%	21.2%	11.0%	0.0%	-3.8%	-17.5%	5.7K	-237.2K	-795	117.48	10	0	632	68
2013-09-10	$8.64	$10.00	54.2%	8.8%	21.6%	22.5%	0.0%	0.3%	-6.1%	6.9K	-245.5K	-885	114.84	20	0	642	68
2013-09-11	$8.71	$10.00	44.3%	10.2%	21.7%	16.7%	0.0%	1.1%	-24.3%	6.2K	-244.2K	-807	47.00	0	0	626	68
2013-09-12	$8.65	$10.00	29.7%	8.5%	21.9%	8.0%	0.0%	3.6%	-5.8%	6.3K	-242.4K	-839	25.59	33	0	626	68
2013-09-13	$8.69	$10.00	32.7%	9.4%	19.0%	9.8%	0.0%	5.3%	-8.4%	6.8K	-250.9K	-880	69.90	5	0	646	68
2013-09-16	$8.72	$10.00	35.0%	10.0%	17.9%	11.2%	0.0%	1.5%	-15.2%	7.7K	-233.1K	-723	33.27	1	0	646	68
2013-09-17	$8.67	$10.00	31.6%	9.1%	17.9%	9.1%	0.0%	1.0%	-7.1%	6.9K	-262.9K	-895	50.61	0	0	646	68
2013-09-18	$8.78	$10.00	39.7%	11.4%	18.2%	14.0%	40.2%	5.0%	-25.4%	7.2K	-243.9K	-770	48.10	100	0	646	68
2013-09-19	$8.76	$10.00	40.8%	11.7%	18.1%	14.6%	44.5%	1.5%	-27.6%	8.3K	-286.7K	-946	52.50	16	0	746	68
2013-09-20	$8.72	$10.00	35.8%	10.3%	18.2%	11.6%	0.0%	1.9%	-12.3%	7.5K	-259.9K	-853	108.08	0	0	761	68
2013-09-23	$8.71	$10.00	50.9%	14.6%	17.8%	20.6%	0.0%	2.3%	-5.9%	7.8K	-183.1K	-889	167.02	0	0	611	45
2013-09-24	$8.80	$10.00	60.1%	17.2%	17.6%	26.0%	0.0%	8.9%	4.3%	8.4K	-181.7K	-1.1K	79.63	1	0	611	45
2013-09-25	$8.64	$10.00	40.8%	11.7%	16.8%	14.6%	0.0%	-0.6%	-13.3%	7.6K	-156.4K	-837	24.31	0	0	611	45
2013-09-26	$8.80	$10.00	33.2%	9.5%	17.6%	10.1%	0.0%	6.2%	-7.2%	8.0K	-157.1K	-835	41.74	0	0	611	45
2013-09-27	$8.78	$10.00	35.3%	10.1%	17.5%	11.3%	0.0%	7.3%	-7.8%	7.4K	-156.5K	-805	33.95	0	0	611	45
2013-09-30	$8.56	$10.00	45.6%	13.1%	18.6%	17.4%	0.0%	-3.6%	-17.8%	7.2K	-143.2K	-795	36.58	0	0	611	45