GPK Options History — June 2017

In June 2017, GPK traded between $13.03 and $13.81. ATM implied volatility averaged 24.8%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 4.4% (HV 20d: 20.4%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 6.36.

Notable Days

  • 2017-06-08: Highest Volume — 1,437 contracts
  • 2017-06-29: Largest IV spike — 55.2% change
  • 2017-06-12: Highest IV Rank — 25.8%
  • 2017-06-02: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.31$13.03$13.81$13.68$13.81
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV24.8%14.9%35.5%24.5%15.9%
Expected Move6.9%4.3%7.9%7.0%4.6%
HV 20d20.4%15.3%23.8%22.7%18.0%
HV 60d18.2%17.6%19.0%18.9%18.4%
IV Rank11.3%0.0%25.8%10.5%1.3%
IV Percentile23.7%0.0%90.1%16.3%0.4%
Term Structure2.5%-9.5%12.2%-0.4%12.2%
VWIV25.1%22.7%31.2%22.9%22.7%
Skew 25d4.5%-3.9%13.1%1.0%0.5%
Skew 10d14.2%-1.9%77.5%2.1%1.7%
Call IV 25d19.1%16.0%27.6%20.9%16.2%
Put IV 25d23.5%15.7%29.1%21.9%16.7%
Bid-Ask Spread %13.186.0065.048.346.93
Gamma HHI0.680.530.920.640.55
Net GEX140.5K28.9K423.2K135.7K57.9K
Net DEX-4.4M-7.9M-932.1K-7.5M-1.6M
Net VEX-6.2K-8.2K-5.3K-6.6K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.360.9213.749.821.13
Total Volume561.2732041,437790211
Total OI7,051.53,06810,6519,9883,183

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-06-01$13.68$12.5024.5%7.0%22.7%10.5%22.9%1.0%-0.4%135.7K-7.5M-6.6K9.828.34737178,2991,689
2017-06-02$13.52$12.5027.5%7.9%22.0%14.6%23.6%-3.9%-9.5%219.5K-6.6M-8.0K9.418.32736878,2881,689
2017-06-05$13.30$12.5028.2%7.7%22.5%15.6%27.0%-0.6%-0.3%269.7K-6.0M-8.2K10.109.85686878,2881,679
2017-06-06$13.37$12.5025.5%7.0%22.6%11.9%24.5%6.3%3.1%187.8K-7.1M-6.2K13.2111.82526878,2881,679
2017-06-07$13.39$12.5032.0%7.2%22.6%21.0%25.2%6.8%2.0%244.3K-6.1M-8.0K10.7310.41646878,2891,679
2017-06-08$13.05$12.5023.0%7.0%23.7%8.4%24.6%6.4%1.8%383.7K-6.1M-6.4K0.927.637506878,2691,679
2017-06-09$13.08$12.5024.1%7.7%23.8%9.9%27.0%7.5%0.1%373.2K-6.9M-7.9K13.7410.29506878,9721,679
2017-06-12$13.03$12.5035.5%7.0%23.5%25.8%24.6%6.3%2.5%423.2K-6.7M-7.3K12.7210.94546878,9661,679
2017-06-13$13.14$12.5028.0%6.9%23.3%15.3%24.1%6.5%3.2%117.2K-7.8M-6.1K12.7211.77546878,9711,679
2017-06-14$13.07$12.5025.2%7.2%23.3%11.4%25.3%5.9%1.8%178.2K-7.6M-5.9K12.7265.04546878,9431,679
2017-06-15$13.14$12.5024.6%7.1%21.4%10.6%24.7%6.6%2.0%126.7K-7.7M-5.7K12.7212.09546878,9431,660
2017-06-16$13.14$12.5023.9%6.9%20.7%9.7%24.2%6.0%3.6%29.5K-7.9M-5.8K6.2812.491066668,9431,660
2017-06-19$13.26$12.5023.2%6.6%20.9%8.6%23.5%5.7%3.6%33.5K-1.0M-5.7K5.3615.741095842,251817
2017-06-20$13.06$12.5024.5%7.0%18.8%10.5%24.6%5.4%2.7%31.0K-932.1K-5.4K1.1012.21971072,299790
2017-06-21$13.12$12.5024.5%7.0%18.6%10.4%24.9%6.1%2.9%31.2K-997.7K-5.3K0.9910.061081072,337830
2017-06-22$13.15$12.5022.5%6.5%15.3%7.7%22.8%4.8%3.4%28.9K-1.0M-5.3K0.9915.171081072,334830
2017-06-23$13.24$12.5023.8%6.8%15.3%9.4%24.1%5.3%3.3%31.3K-1.1M-5.4K1.0414.271081122,334830
2017-06-26$13.25$12.5026.1%7.5%15.3%12.7%26.1%5.5%1.7%34.4K-1.1M-5.3K1.0812.891041122,335835
2017-06-27$13.60$12.5025.1%7.2%18.1%11.2%29.7%13.1%7.3%45.5K-1.4M-5.6K0.986.001141122,335835
2017-06-28$13.79$12.5014.9%4.3%18.7%0.0%25.0%-0.7%11.4%57.0K-1.6M-5.4K0.938.121201122,353835
2017-06-29$13.71$12.5023.2%6.6%18.4%11.2%31.2%-2.4%-2.5%50.9K-1.5M-5.6K1.139.64991122,346835
2017-06-30$13.81$12.5015.9%4.6%18.0%1.3%22.7%0.5%12.2%57.9K-1.6M-5.3K1.136.93991122,348835