GPK Options History — November 2013

In November 2013, GPK traded between $8.06 and $8.98. ATM implied volatility averaged 27.0%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 2.7% (HV 20d: 29.8%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.30.

Notable Days

2013-11-20: Highest Volume — 93 contracts
2013-11-07: Largest IV spike — 73.9% change
2013-11-25: Highest IV Rank — 21.0%
2013-11-07: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.51	$8.06	$8.98	$8.24	$8.98
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	27.0%	14.9%	39.1%	27.1%	23.9%
Expected Move	7.8%	4.3%	11.2%	6.4%	6.9%
HV 20d	29.8%	22.2%	31.7%	22.2%	29.1%
HV 60d	23.9%	20.6%	24.7%	20.6%	23.8%
IV Rank	10.3%	0.0%	21.0%	6.5%	10.6%
IV Percentile	28.1%	0.0%	65.5%	25.0%	12.3%
Term Structure	1.9%	-4.8%	8.6%	-3.8%	4.1%
VWIV	27.0%	22.5%	31.2%	22.5%	24.8%
Skew 25d	-3.8%	-11.3%	4.3%	-9.9%	4.0%
Skew 10d	3.2%	-7.6%	10.7%	3.8%	-2.2%
Call IV 25d	29.7%	19.6%	37.6%	37.4%	23.2%
Put IV 25d	25.9%	22.3%	29.3%	27.5%	27.2%
Bid-Ask Spread %	145.23	125.09	162.06	162.06	133.40
Gamma HHI	0.74	0.60	0.85	0.62	0.84
Net GEX	6.7K	5.8K	8.3K	6.1K	7.8K
Net DEX	-161.7K	-204.8K	-116.6K	-142.0K	-204.8K
Net VEX	-775	-888	-686	-781	-784
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.00	3.04	0.00	0.00
Total Volume	9.7	0	93	0	5
Total OI	657.65	629	729	630	729

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2013-11-01	$8.24	$0.00	27.1%	0.0%	22.2%	6.5%	0.0%	-9.9%	0.0%	6.1K	-142.0K	-781	0.00	162.06	0	0	586	44
2013-11-04	$8.63	$7.50	22.3%	6.4%	27.4%	3.6%	0.0%	-3.8%	-3.8%	7.6K	-171.4K	-765	0.00	146.98	0	0	586	44
2013-11-05	$8.39	$7.50	32.0%	9.2%	29.5%	9.4%	0.0%	-11.3%	-2.6%	6.4K	-153.2K	-837	0.00	153.33	0	0	586	44
2013-11-06	$8.37	$7.50	22.5%	6.4%	29.5%	3.8%	22.5%	-1.5%	7.6%	6.4K	-144.6K	-776	0.00	153.34	8	0	586	44
2013-11-07	$8.06	$7.50	39.1%	11.2%	31.7%	13.6%	0.0%	-7.7%	-4.8%	5.8K	-116.6K	-698	0.00	153.45	14	0	585	44
2013-11-08	$8.27	$7.50	18.7%	5.4%	31.1%	1.5%	0.0%	-6.6%	1.1%	5.9K	-153.1K	-868	0.00	156.62	0	0	585	44
2013-11-11	$8.35	$7.50	27.7%	7.9%	31.1%	6.8%	0.0%	-10.3%	3.7%	6.3K	-150.7K	-805	0.00	156.75	0	0	585	44
2013-11-12	$8.29	$7.50	35.9%	10.3%	30.6%	11.7%	0.0%	-10.6%	-4.7%	6.1K	-144.1K	-798	0.00	158.92	0	0	585	44
2013-11-13	$8.34	$7.50	22.8%	6.5%	30.7%	3.9%	0.0%	-9.7%	4.3%	6.3K	-140.2K	-742	0.00	155.80	0	0	585	44
2013-11-14	$8.34	$7.50	26.2%	7.5%	29.7%	6.4%	26.2%	-10.5%	5.4%	6.3K	-149.7K	-790	0.00	152.41	1	0	585	44
2013-11-15	$8.52	$7.50	14.9%	4.3%	30.8%	0.0%	0.0%	-10.1%	4.5%	6.6K	-173.4K	-888	0.00	151.89	7	0	585	44
2013-11-18	$8.51	$7.50	25.4%	7.3%	30.4%	12.3%	0.0%	2.6%	-1.7%	6.9K	-162.6K	-779	0.00	152.30	0	0	592	44
2013-11-19	$8.48	$7.50	31.0%	8.9%	30.2%	18.8%	0.0%	1.0%	-1.4%	6.5K	-174.7K	-871	0.00	154.41	0	0	592	44
2013-11-20	$8.54	$7.50	25.8%	7.4%	30.1%	12.8%	31.2%	-2.0%	5.8%	6.2K	-176.1K	-716	3.04	125.83	23	70	592	44
2013-11-21	$8.66	$7.50	27.0%	7.7%	30.5%	14.2%	0.0%	4.3%	8.6%	6.4K	-166.4K	-728	0.00	129.33	0	0	607	114
2013-11-22	$8.70	$7.50	30.6%	8.8%	30.5%	18.4%	30.6%	0.7%	3.7%	7.0K	-159.4K	-686	0.00	128.16	10	0	607	114
2013-11-25	$8.79	$7.50	32.8%	9.4%	30.7%	21.0%	24.8%	0.0%	2.4%	7.3K	-178.0K	-740	0.00	128.77	10	0	597	114
2013-11-26	$8.84	$7.50	28.1%	8.1%	30.5%	15.5%	0.0%	3.6%	2.2%	7.8K	-183.4K	-750	0.00	125.09	18	0	597	114
2013-11-27	$8.95	$7.50	27.3%	7.8%	29.1%	14.5%	0.0%	1.7%	2.2%	8.3K	-190.2K	-701	0.00	125.74	28	0	615	114
2013-11-29	$8.98	$7.50	23.9%	6.9%	29.1%	10.6%	0.0%	4.0%	4.1%	7.8K	-204.8K	-784	0.00	133.40	5	0	615	114