GPK Options History — July 2017

In July 2017, GPK traded between $13.15 and $13.91. ATM implied volatility averaged 21.3%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 7.7% (HV 20d: 13.5%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.05.

Notable Days

2017-07-24: Highest Volume — 317 contracts
2017-07-05: Largest IV spike — 50.7% change
2017-07-05: Highest IV Rank — 19.5%
2017-07-05: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.68	$13.15	$13.91	$13.83	$13.18
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	21.3%	14.0%	29.3%	19.4%	28.0%
Expected Move	6.1%	4.0%	8.4%	5.6%	8.0%
HV 20d	13.5%	11.2%	16.8%	16.7%	13.1%
HV 60d	17.9%	17.2%	18.3%	18.3%	17.9%
IV Rank	9.2%	0.0%	19.5%	6.1%	18.9%
IV Percentile	16.2%	0.0%	58.3%	2.0%	54.4%
Term Structure	2.8%	-5.8%	13.3%	7.5%	-5.8%
VWIV	23.0%	16.9%	34.7%	26.3%	28.1%
Skew 25d	0.6%	-8.8%	7.6%	-1.9%	4.2%
Skew 10d	11.6%	-10.8%	89.3%	-1.1%	89.3%
Call IV 25d	21.0%	14.9%	29.7%	20.4%	23.4%
Put IV 25d	21.6%	16.0%	34.6%	18.5%	27.7%
Bid-Ask Spread %	23.25	5.38	96.33	9.54	13.37
Gamma HHI	0.55	0.50	0.72	0.56	0.59
Net GEX	64.7K	55.7K	71.9K	57.4K	68.1K
Net DEX	-1.5M	-1.7M	-1.1M	-1.6M	-1.2M
Net VEX	-4.4K	-5.4K	-3.1K	-5.4K	-3.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.05	0.51	2.25	1.03	1.36
Total Volume	198.2	164	317	221	177
Total OI	3,039.45	2,609	3,248	3,183	2,676

Daily Data (20 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
2017-07-03	$13.83	$12.50	19.4%	5.6%	16.7%	6.1%	26.3%	-1.9%	7.5%	57.4K	-1.6M	-5.4K	1.03	9.54	109	112	2,348	835
2017-07-05	$13.85	$12.50	29.3%	8.4%	16.7%	19.5%	27.2%	-8.8%	-3.0%	55.7K	-1.6M	-5.4K	1.03	96.33	109	112	2,350	835
2017-07-06	$13.81	$12.50	25.5%	7.4%	16.8%	14.4%	34.7%	5.8%	-4.0%	56.4K	-1.6M	-5.2K	1.02	54.25	110	112	2,365	835
2017-07-07	$13.87	$12.50	22.7%	7.8%	13.3%	10.6%	27.1%	2.2%	-3.2%	59.3K	-1.6M	-5.2K	1.02	19.07	110	112	2,353	835
2017-07-10	$13.82	$12.50	26.4%	7.0%	13.5%	15.6%	21.7%	-7.6%	0.2%	60.3K	-1.6M	-5.0K	0.58	13.59	122	71	2,353	835
2017-07-11	$13.84	$12.50	23.8%	6.4%	13.3%	12.0%	30.5%	4.7%	-1.6%	64.3K	-1.6M	-4.9K	0.58	86.36	122	71	2,365	837
2017-07-12	$13.86	$12.50	24.0%	6.9%	13.2%	12.3%	20.1%	-7.6%	0.1%	62.6K	-1.6M	-4.9K	0.58	15.00	122	71	2,365	837
2017-07-13	$13.91	$12.50	20.7%	5.9%	12.8%	7.8%	19.7%	-7.1%	-0.8%	67.6K	-1.7M	-4.6K	0.57	16.62	125	71	2,365	837
2017-07-14	$13.89	$12.50	14.8%	4.2%	12.9%	0.0%	17.2%	-0.2%	9.0%	70.0K	-1.7M	-4.6K	0.73	8.32	103	75	2,369	837
2017-07-17	$13.85	$12.50	14.9%	4.3%	13.0%	0.1%	16.9%	1.6%	9.6%	70.3K	-1.6M	-4.6K	0.97	7.93	103	100	2,367	842
2017-07-18	$13.82	$12.50	14.7%	4.2%	12.9%	0.0%	16.9%	1.4%	9.7%	69.6K	-1.6M	-4.6K	1.19	6.34	84	100	2,367	872
2017-07-19	$13.83	$12.50	14.0%	4.0%	11.2%	0.0%	20.7%	-0.8%	9.2%	71.9K	-1.6M	-4.4K	1.19	5.38	84	100	2,376	872
2017-07-20	$13.77	$12.50	16.8%	4.8%	11.5%	3.9%	17.2%	1.6%	8.8%	69.7K	-1.5M	-4.3K	1.19	6.29	84	100	2,376	872
2017-07-21	$13.74	$12.50	17.1%	4.9%	11.6%	4.2%	17.0%	1.1%	13.3%	70.1K	-1.5M	-4.3K	0.51	6.20	142	72	2,376	872
2017-07-24	$13.76	$12.50	16.6%	4.8%	11.4%	3.6%	18.1%	0.6%	5.8%	68.2K	-1.5M	-3.5K	1.22	6.43	143	174	2,294	316
2017-07-25	$13.36	$12.50	23.9%	6.8%	16.0%	13.3%	25.4%	7.6%	1.8%	57.1K	-1.2M	-3.1K	2.25	9.86	52	117	2,293	316
2017-07-26	$13.15	$12.50	25.3%	7.3%	13.9%	15.2%	25.5%	4.7%	-1.4%	58.0K	-1.1M	-3.2K	1.36	63.93	70	95	2,297	328
2017-07-27	$13.27	$12.50	20.9%	6.0%	13.2%	9.4%	23.7%	6.5%	5.5%	68.8K	-1.3M	-3.5K	1.34	6.12	70	94	2,275	370
2017-07-28	$13.15	$12.50	26.3%	7.5%	13.4%	16.5%	26.3%	4.1%	-4.0%	68.2K	-1.2M	-3.6K	1.34	14.16	70	94	2,275	401
2017-07-31	$13.18	$12.50	28.0%	8.0%	13.1%	18.9%	28.1%	4.2%	-5.8%	68.1K	-1.2M	-3.4K	1.36	13.37	75	102	2,275	401