GPK Options History — April 2015

In April 2015, GPK traded between $14.09 and $14.74. ATM implied volatility averaged 34.3%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 14.9% (HV 20d: 19.3%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2015-04-28: Highest Volume — 2,549 contracts
  • 2015-04-06: Largest IV spike — 250.9% change
  • 2015-04-01: Highest IV Rank — 100.0%
  • 2015-04-01: Largest Expected Move — 55.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.46$14.09$14.74$14.51$14.13
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV34.3%18.7%193.7%193.7%32.2%
Expected Move9.2%5.4%55.5%55.5%9.2%
HV 20d19.3%15.7%23.5%20.2%23.5%
HV 60d21.7%20.6%22.3%22.3%22.2%
IV Rank10.2%1.5%100.0%100.0%9.1%
IV Percentile30.3%4.4%100.0%100.0%63.5%
Term Structure-7.9%-143.3%2.6%-143.3%-10.2%
VWIV33.4%18.7%193.7%193.7%36.4%
Skew 25d-0.7%-8.0%20.9%0.7%-1.4%
Skew 10d-3.8%-18.8%18.4%6.2%-4.4%
Call IV 25d27.8%23.7%37.9%30.7%37.9%
Put IV 25d27.1%20.9%49.4%31.4%36.6%
Bid-Ask Spread %118.2170.70136.45136.4570.70
Gamma HHI0.520.440.820.470.45
Net GEX63.5K39.5K136.3K39.7K131.4K
Net DEX-1.5M-2.4M-1.1M-1.2M-2.0M
Net VEX-5.1K-10.9K-3.5K-4.5K-10.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.000.560.430.20
Total Volume422.57172,549246594
Total OI2,439.5241,8465,2651,8465,265

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$14.51$15.00193.7%55.5%20.2%100.0%193.7%0.7%-143.3%39.7K-1.2M-4.5K0.43136.45172741,645201
2015-04-02$14.55$0.0022.8%7.4%19.8%3.8%0.0%-1.6%-1.5%43.8K-1.3M-4.6K0.44111.15168741,727201
2015-04-06$14.46$0.0079.9%9.2%19.9%35.9%0.0%-6.6%-8.6%41.7K-1.3M-4.4K0.48117.32153741,728201
2015-04-07$14.37$0.0023.5%6.7%20.0%4.2%0.0%0.2%0.8%42.2K-1.2M-4.4K0.49115.54151741,728201
2015-04-08$14.64$0.0024.5%7.0%20.2%4.7%24.5%0.8%-1.2%44.8K-1.3M-4.3K0.00126.85701,728201
2015-04-09$14.67$15.0024.1%6.9%20.0%4.5%24.2%-0.4%0.2%47.1K-1.3M-4.3K0.56105.97133741,735201
2015-04-10$14.67$15.0022.5%6.4%15.7%3.6%22.6%0.8%1.9%45.4K-1.4M-4.3K0.56115.47133741,735201
2015-04-13$14.65$15.0023.5%6.7%15.7%4.1%23.7%1.1%1.7%46.1K-1.3M-4.2K0.53116.73139741,718201
2015-04-14$14.43$15.0021.4%6.1%16.5%3.0%24.1%-0.9%-0.1%43.5K-1.2M-4.1K0.53115.99139741,726201
2015-04-15$14.35$15.0021.4%6.1%16.6%3.0%23.2%2.6%-0.5%41.6K-1.3M-3.5K0.53131.49139741,726201
2015-04-16$14.46$15.0023.8%6.8%16.8%4.3%24.4%1.6%-1.2%43.4K-1.3M-4.0K0.47106.94158741,726201
2015-04-17$14.13$15.0024.5%7.0%18.5%4.7%23.5%-3.8%-3.2%39.5K-1.1M-4.0K0.44103.18211921,746201
2015-04-20$14.31$15.0024.1%6.9%19.2%4.5%22.7%0.7%-2.7%42.6K-1.2M-4.1K0.37134.02201741,740201
2015-04-21$14.09$15.0025.4%7.3%19.7%5.2%24.5%-0.3%-3.9%42.4K-1.1M-3.9K0.35126.81211741,740201
2015-04-22$14.23$15.0026.2%7.5%18.8%5.7%26.1%0.7%-0.9%41.6K-1.2M-4.1K0.06130.321,163741,750201
2015-04-23$14.74$15.0018.7%5.4%20.2%1.5%18.7%-7.3%1.1%103.4K-2.2M-5.8K0.21122.06250532,728201
2015-04-24$14.70$15.0021.1%6.1%20.2%2.8%21.1%-7.4%0.8%108.3K-2.1M-5.9K0.21114.32255532,853221
2015-04-27$14.48$15.0019.9%5.7%21.0%2.1%19.8%20.9%2.6%107.3K-1.9M-6.1K0.36122.49172622,833221
2015-04-28$14.68$15.0023.1%6.6%21.5%3.9%22.8%-7.4%1.1%101.1K-2.0M-6.5K0.02126.282,487622,826231
2015-04-29$14.45$15.0023.8%6.8%22.1%4.3%25.6%-8.0%0.6%136.3K-2.4M-10.9K0.13132.36492624,707231
2015-04-30$14.13$15.0032.2%9.2%23.5%9.1%36.4%-1.4%-10.2%131.4K-2.0M-10.2K0.2070.704941005,034231