GPK Options History — August 2014

In August 2014, GPK traded between $11.90 and $12.79. ATM implied volatility averaged 49.8%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 25.0% (HV 20d: 24.8%). 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 18 of 21 days. Put/call ratio averaged 0.45.

Notable Days

2014-08-22: Highest Volume — 216 contracts
2014-08-08: Largest IV spike — 67.3% change
2014-08-08: Highest IV Rank — 88.9%
2014-08-08: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.30	$11.90	$12.79	$12.03	$12.79
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	49.8%	20.3%	159.7%	76.6%	25.7%
Expected Move	7.5%	6.9%	11.7%	7.0%	7.4%
HV 20d	24.8%	13.8%	30.0%	30.0%	14.0%
HV 60d	20.9%	19.6%	22.4%	22.4%	19.6%
IV Rank	21.5%	3.3%	88.9%	37.9%	6.7%
IV Percentile	41.0%	3.6%	99.6%	86.1%	18.3%
Term Structure	4.4%	-9.3%	23.0%	-9.3%	23.0%
VWIV	31.1%	25.9%	41.1%	26.2%	41.1%
Skew 25d	14.8%	-5.0%	105.1%	38.7%	20.2%
Skew 10d	16.5%	-8.4%	144.9%	1.0%	28.7%
Call IV 25d	29.0%	20.9%	85.6%	85.6%	25.9%
Put IV 25d	43.8%	23.8%	128.5%	124.3%	46.0%
Bid-Ask Spread %	111.06	77.13	149.60	131.27	116.89
Gamma HHI	0.99	0.99	1.00	0.99	0.99
Net GEX	99.0K	80.9K	127.5K	83.9K	119.0K
Net DEX	-1.8M	-2.4M	-1.5M	-1.6M	-2.4M
Net VEX	-7.2K	-7.7K	-6.7K	-7.7K	-7.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.00	5.00	0.00	0.00
Total Volume	37.476	0	216	0	4
Total OI	3,061.048	2,766	3,186	3,120	3,186

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
2014-08-01	$12.03	$10.00	76.6%	7.0%	30.0%	37.9%	0.0%	38.7%	-9.3%	83.9K	-1.6M	-7.7K	0.00	131.27	0	0	2,968	152
2014-08-04	$12.11	$10.00	84.1%	6.9%	29.1%	42.5%	0.0%	2.9%	3.5%	87.3K	-1.6M	-7.4K	0.00	136.01	15	0	2,968	152
2014-08-05	$12.01	$10.00	86.4%	7.0%	29.2%	43.9%	0.0%	2.0%	2.5%	85.0K	-1.6M	-7.5K	0.00	137.34	5	0	2,968	152
2014-08-06	$11.93	$10.00	68.2%	7.1%	29.3%	32.7%	0.0%	4.1%	5.1%	87.0K	-1.6M	-7.4K	5.00	137.50	1	5	2,967	152
2014-08-07	$11.97	$10.00	95.5%	7.2%	29.3%	49.5%	0.0%	2.5%	3.4%	91.1K	-1.6M	-7.1K	0.00	117.61	0	0	2,967	147
2014-08-08	$12.01	$10.00	159.7%	11.7%	28.8%	88.9%	0.0%	10.4%	0.9%	80.9K	-1.6M	-7.4K	0.00	149.60	10	0	2,967	147
2014-08-11	$12.07	$10.00	116.9%	7.5%	28.8%	62.6%	26.2%	1.9%	3.5%	88.9K	-1.7M	-7.2K	0.00	117.21	12	0	2,967	147
2014-08-12	$11.90	$10.00	52.7%	7.3%	29.4%	23.3%	0.0%	-1.3%	-0.2%	91.9K	-1.5M	-7.1K	0.00	77.13	0	0	2,975	147
2014-08-13	$11.93	$10.00	34.3%	7.0%	29.3%	11.9%	0.0%	8.2%	3.6%	90.5K	-1.5M	-6.9K	1.67	110.56	3	5	2,975	147
2014-08-14	$12.18	$10.00	20.7%	7.0%	29.5%	3.6%	0.0%	105.1%	1.5%	107.4K	-1.5M	-6.8K	0.00	92.37	11	0	2,867	140
2014-08-15	$12.30	$10.00	21.5%	7.4%	28.9%	4.1%	25.9%	80.9%	1.6%	126.1K	-1.6M	-6.7K	1.00	119.85	3	3	2,867	140
2014-08-18	$12.51	$10.00	24.1%	7.6%	28.4%	5.7%	0.0%	10.0%	3.7%	82.4K	-1.8M	-6.9K	0.00	105.53	165	0	2,639	127
2014-08-19	$12.38	$10.00	21.8%	7.6%	28.4%	4.2%	0.0%	6.8%	4.7%	91.6K	-1.8M	-7.0K	0.00	98.29	114	0	2,702	127
2014-08-20	$12.45	$10.00	23.8%	8.0%	28.4%	5.5%	0.0%	-5.0%	-3.6%	91.2K	-1.9M	-7.2K	0.00	94.59	35	0	2,802	127
2014-08-21	$12.59	$10.00	22.6%	7.3%	17.5%	4.8%	0.0%	3.9%	7.7%	102.9K	-1.9M	-7.2K	0.00	120.61	62	0	2,787	127
2014-08-22	$12.59	$10.00	23.0%	7.6%	17.4%	5.0%	0.0%	6.1%	4.9%	94.7K	-2.0M	-7.2K	0.00	95.33	216	0	2,801	127
2014-08-25	$12.65	$10.00	21.3%	7.2%	17.4%	4.0%	0.0%	-3.0%	9.2%	117.6K	-2.2M	-7.4K	0.00	88.28	87	0	3,017	127
2014-08-26	$12.58	$10.00	22.0%	7.3%	16.6%	4.4%	0.0%	-1.8%	7.3%	127.5K	-2.2M	-7.4K	0.00	83.88	5	0	3,042	127
2014-08-27	$12.63	$10.00	20.3%	7.8%	16.4%	3.3%	0.0%	5.6%	9.2%	120.3K	-2.2M	-7.4K	0.00	82.13	0	0	3,042	127
2014-08-28	$12.66	$10.00	24.6%	7.2%	13.8%	6.0%	41.1%	12.8%	9.8%	111.7K	-2.3M	-7.3K	0.00	120.35	26	0	3,042	127
2014-08-29	$12.79	$10.00	25.7%	7.4%	14.0%	6.7%	0.0%	20.2%	23.0%	119.0K	-2.4M	-7.3K	0.00	116.89	4	0	3,059	127