GPK Options History — April 2014

In April 2014, GPK traded between $9.73 and $10.45. ATM implied volatility averaged 64.3%, placing in the 40.8% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 41.4% (HV 20d: 22.9%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.04.

Notable Days

2014-04-28: Highest Volume — 922 contracts
2014-04-09: Largest IV spike — 220.9% change
2014-04-28: Highest IV Rank — 82.2%
2014-04-28: Largest Expected Move — 32.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.10	$9.73	$10.45	$10.23	$10.26
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	64.3%	25.9%	114.5%	25.9%	77.6%
Expected Move	15.9%	7.4%	32.8%	7.4%	22.3%
HV 20d	22.9%	20.0%	25.8%	20.0%	24.1%
HV 60d	20.7%	19.3%	22.4%	19.5%	21.9%
IV Rank	40.8%	9.1%	82.2%	9.1%	51.8%
IV Percentile	76.4%	21.8%	99.2%	21.8%	92.5%
Term Structure	-33.2%	-96.4%	12.9%	12.9%	-92.6%
Skew 25d	21.7%	-20.0%	84.6%	60.2%	-19.0%
Skew 10d	39.8%	0.6%	120.8%	109.1%	15.3%
Call IV 25d	49.3%	27.2%	131.6%	34.6%	73.4%
Put IV 25d	71.0%	31.3%	152.7%	94.7%	54.4%
Bid-Ask Spread %	127.81	107.13	150.86	142.27	132.86
Gamma HHI	0.98	0.97	1.00	0.98	1.00
Net GEX	85.5K	58.6K	226.7K	74.0K	155.8K
Net DEX	-1.3M	-2.3M	-680.3K	-1.2M	-2.3M
Net VEX	-3.9K	-5.9K	-3.2K	-4.0K	-5.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.04	0.00	0.47	0.00	0.00
Total Volume	98.714	0	922	2	0
Total OI	2,441.333	2,163	3,994	2,264	3,994

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2014-04-01	$10.23	$10.00	25.9%	7.4%	20.0%	9.1%	0.0%	60.2%	12.9%	74.0K	-1.2M	-4.0K	0.00	142.27	2	0	2,151	113
2014-04-02	$10.35	$10.00	83.0%	23.8%	20.6%	56.2%	0.0%	50.7%	-87.9%	61.3K	-1.3M	-4.1K	0.00	148.82	10	0	2,152	113
2014-04-03	$10.31	$10.00	36.1%	10.3%	20.6%	17.5%	0.0%	-2.6%	-7.3%	72.4K	-1.3M	-4.0K	0.00	130.69	30	0	2,142	113
2014-04-04	$10.09	$0.00	86.9%	8.1%	21.9%	59.5%	0.0%	2.1%	-6.2%	66.3K	-1.2M	-4.1K	0.00	141.11	14	0	2,142	113
2014-04-07	$9.97	$0.00	97.3%	8.7%	22.2%	68.0%	0.0%	5.7%	-5.0%	67.9K	-1.0M	-3.9K	0.00	133.79	0	0	2,142	113
2014-04-08	$9.97	$0.00	30.0%	9.6%	21.9%	12.5%	0.0%	1.2%	-8.9%	70.8K	-982.8K	-3.9K	0.00	129.99	0	0	2,142	113
2014-04-09	$10.13	$0.00	96.4%	8.4%	22.7%	67.3%	0.0%	69.3%	-1.0%	66.5K	-1.1M	-3.9K	0.00	122.09	10	0	2,142	113
2014-04-10	$9.92	$0.00	34.4%	9.9%	22.9%	16.2%	0.0%	7.0%	-7.1%	62.4K	-1.0M	-3.8K	0.00	110.96	2	0	2,142	113
2014-04-11	$9.81	$0.00	31.1%	8.9%	23.2%	13.4%	0.0%	-0.4%	-4.3%	58.6K	-928.4K	-3.8K	0.00	110.23	14	0	2,142	113
2014-04-14	$9.86	$0.00	32.4%	9.3%	22.2%	14.4%	0.0%	8.7%	-5.7%	64.2K	-890.2K	-3.6K	0.00	127.33	0	0	2,142	113
2014-04-15	$9.73	$0.00	32.6%	9.3%	22.5%	14.6%	0.0%	3.6%	-13.5%	76.5K	-680.3K	-3.4K	0.00	110.46	5	0	2,142	113
2014-04-16	$9.84	$0.00	35.0%	10.0%	22.5%	16.7%	0.0%	3.2%	-13.0%	75.6K	-846.6K	-3.5K	0.00	122.94	0	0	2,133	113
2014-04-17	$9.96	$0.00	30.9%	8.9%	22.8%	13.2%	0.0%	80.0%	-2.6%	67.4K	-998.8K	-3.6K	0.00	107.13	8	0	2,133	113
2014-04-21	$10.07	$0.00	70.1%	20.1%	23.1%	45.6%	0.0%	-4.3%	-67.0%	78.1K	-1.1M	-3.5K	0.00	118.86	30	0	2,095	68
2014-04-22	$10.17	$0.00	112.9%	32.4%	23.0%	80.8%	0.0%	55.0%	-91.4%	98.4K	-1.2M	-3.4K	0.00	137.97	4	0	2,095	68
2014-04-23	$10.02	$0.00	83.5%	23.9%	23.5%	56.6%	0.0%	4.1%	-41.3%	75.5K	-1.1M	-3.5K	0.47	129.87	43	20	2,095	68
2014-04-24	$10.42	$0.00	113.6%	32.6%	25.7%	81.5%	0.0%	21.1%	-96.4%	78.1K	-1.5M	-3.2K	0.14	150.86	51	7	2,085	84
2014-04-25	$10.45	$0.00	51.5%	14.8%	25.4%	30.2%	0.0%	-20.0%	-58.9%	84.3K	-1.5M	-3.2K	0.00	124.49	901	0	2,121	91
2014-04-28	$10.32	$0.00	114.5%	32.8%	25.8%	82.2%	0.0%	44.6%	-96.1%	113.9K	-1.9M	-4.6K	0.00	139.83	922	0	3,003	91
2014-04-29	$10.19	$0.00	75.0%	21.5%	24.1%	49.6%	0.0%	84.6%	-3.8%	226.7K	-2.3M	-5.9K	0.00	111.38	0	0	3,903	91
2014-04-30	$10.26	$0.00	77.6%	22.3%	24.1%	51.8%	0.0%	-19.0%	-92.6%	155.8K	-2.3M	-5.9K	0.00	132.86	0	0	3,903	91