GPK Options History — September 2014

In September 2014, GPK traded between $12.41 and $12.95. ATM implied volatility averaged 24.9%, placing in the 6.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 12.4% (HV 20d: 12.6%). 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 14 of 21 days. Put/call ratio averaged 0.05.

Notable Days

2014-09-12: Highest Volume — 357 contracts
2014-09-30: Largest IV spike — 133.5% change
2014-09-30: Highest IV Rank — 29.6%
2014-09-10: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.71	$12.41	$12.95	$12.88	$12.43
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	24.9%	16.1%	63.1%	16.4%	63.1%
Expected Move	7.6%	7.2%	8.4%	7.3%	7.5%
HV 20d	12.6%	9.3%	15.9%	14.0%	15.2%
HV 60d	19.9%	19.5%	20.9%	19.7%	20.6%
IV Rank	6.2%	0.8%	29.6%	0.9%	29.6%
IV Percentile	18.7%	0.4%	80.6%	0.4%	80.6%
Term Structure	1.7%	-15.0%	10.5%	10.5%	-15.0%
VWIV	27.8%	24.3%	37.3%	24.3%	26.3%
Skew 25d	9.7%	-27.9%	56.0%	-27.9%	37.6%
Skew 10d	21.3%	-41.6%	115.8%	-41.6%	26.1%
Call IV 25d	31.7%	18.8%	49.2%	47.4%	49.2%
Put IV 25d	41.4%	18.3%	87.3%	19.5%	86.9%
Bid-Ask Spread %	97.08	63.36	117.46	103.51	110.01
Gamma HHI	0.98	0.93	0.99	0.99	0.94
Net GEX	147.8K	121.1K	196.2K	121.1K	138.3K
Net DEX	-2.5M	-3.2M	-1.9M	-2.5M	-1.9M
Net VEX	-7.0K	-7.2K	-6.8K	-6.9K	-6.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.00	0.67	0.00	0.00
Total Volume	49	0	357	0	0
Total OI	3,364.571	3,150	3,719	3,186	3,271

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
2014-09-02	$12.88	$10.00	16.4%	7.3%	14.0%	0.9%	0.0%	-27.9%	10.5%	121.1K	-2.5M	-6.9K	0.00	103.51	0	0	3,059	127
2014-09-03	$12.82	$10.00	18.6%	7.6%	13.7%	2.3%	0.0%	45.5%	6.8%	126.6K	-2.6M	-6.9K	0.00	102.13	90	0	3,059	127
2014-09-04	$12.75	$10.00	20.8%	7.9%	13.6%	3.6%	0.0%	4.5%	7.7%	136.2K	-2.6M	-7.0K	0.00	103.04	11	0	3,149	127
2014-09-05	$12.78	$10.00	17.5%	7.9%	13.6%	1.6%	0.0%	46.1%	8.7%	135.4K	-2.5M	-7.1K	0.00	92.88	0	0	3,152	127
2014-09-08	$12.76	$10.00	18.3%	7.9%	13.7%	2.1%	24.3%	2.5%	1.1%	144.1K	-2.5M	-7.0K	0.00	74.50	17	0	3,152	127
2014-09-09	$12.70	$10.00	23.9%	7.6%	13.9%	5.5%	26.7%	-1.4%	-4.5%	139.9K	-2.5M	-6.9K	0.00	116.38	1	0	3,162	127
2014-09-10	$12.78	$10.00	24.5%	8.4%	12.5%	5.9%	37.3%	46.3%	8.6%	145.6K	-2.6M	-6.8K	0.00	88.57	120	0	3,163	127
2014-09-11	$12.76	$10.00	26.5%	7.6%	12.6%	7.1%	0.0%	56.0%	-4.7%	157.4K	-2.6M	-7.1K	0.00	102.08	50	0	3,256	127
2014-09-12	$12.82	$10.00	22.2%	7.6%	10.9%	4.5%	0.0%	39.4%	1.6%	160.9K	-2.7M	-7.0K	0.00	67.09	357	0	3,306	127
2014-09-15	$12.95	$10.00	16.1%	7.7%	10.9%	0.8%	0.0%	-9.3%	8.7%	166.0K	-3.2M	-7.1K	0.13	117.46	46	6	3,586	127
2014-09-16	$12.91	$10.00	24.1%	7.8%	9.6%	5.6%	0.0%	-1.4%	3.2%	152.6K	-3.1M	-7.1K	0.00	80.39	1	0	3,586	133
2014-09-17	$12.80	$10.00	24.2%	7.5%	9.4%	5.7%	0.0%	-6.0%	3.5%	169.2K	-2.9M	-7.2K	0.00	111.27	70	0	3,586	133
2014-09-18	$12.78	$10.00	21.8%	7.7%	9.3%	4.2%	0.0%	-4.4%	2.7%	195.3K	-2.8M	-7.1K	0.00	107.44	4	0	3,583	133
2014-09-19	$12.62	$10.00	22.5%	7.2%	9.8%	4.7%	24.4%	3.2%	3.7%	196.2K	-2.8M	-7.0K	0.00	63.36	120	0	3,581	133
2014-09-22	$12.67	$10.00	27.0%	7.6%	9.9%	7.4%	0.0%	-3.1%	0.7%	144.0K	-2.2M	-7.0K	0.67	100.67	15	10	3,127	23
2014-09-23	$12.46	$10.00	27.2%	7.5%	11.4%	7.6%	0.0%	0.9%	-1.2%	130.8K	-2.1M	-7.1K	0.00	112.48	0	0	3,137	33
2014-09-24	$12.69	$10.00	21.0%	7.4%	13.1%	3.8%	0.0%	-4.6%	6.8%	147.3K	-2.3M	-7.0K	0.00	63.79	11	0	3,137	33
2014-09-25	$12.41	$10.00	28.8%	7.7%	15.3%	8.5%	26.3%	5.9%	-5.4%	128.6K	-2.1M	-6.9K	0.00	111.30	100	0	3,138	33
2014-09-26	$12.55	$10.00	32.7%	7.6%	15.9%	10.9%	0.0%	-8.5%	-7.1%	126.5K	-2.1M	-7.2K	0.00	112.47	0	0	3,238	33
2014-09-29	$12.51	$10.00	27.0%	7.7%	15.4%	7.5%	0.0%	-17.0%	-1.6%	140.9K	-2.1M	-7.0K	0.00	97.87	0	0	3,238	33
2014-09-30	$12.43	$10.00	63.1%	7.5%	15.2%	29.6%	0.0%	37.6%	-15.0%	138.3K	-1.9M	-6.8K	0.00	110.01	0	0	3,238	33