GPK Options History — October 2017

In October 2017, GPK traded between $14.06 and $15.54. ATM implied volatility averaged 28.1%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 10.6% (HV 20d: 17.5%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.14.

Notable Days

  • 2017-10-24: Highest Volume — 7,064 contracts
  • 2017-10-11: Largest IV spike — 69.6% change
  • 2017-10-23: Highest IV Rank — 63.6%
  • 2017-10-23: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.54$14.06$15.54$14.06$15.48
Max Pain$13.07$12.50$15.00$12.50$15.00
ATM IV28.1%18.1%35.0%24.8%23.6%
Expected Move8.4%6.6%10.0%7.1%6.8%
HV 20d17.5%10.3%24.8%16.4%24.8%
HV 60d19.2%17.2%21.9%18.4%21.9%
IV Rank42.8%12.6%63.6%32.8%29.2%
IV Percentile59.2%6.0%94.4%37.7%22.2%
Term Structure-2.2%-6.1%1.5%-3.3%0.4%
VWIV28.5%20.6%35.0%30.2%23.8%
Skew 25d-1.5%-10.0%7.2%-10.0%3.1%
Skew 10d4.7%-10.5%12.5%-10.5%8.6%
Call IV 25d29.2%21.1%34.4%29.8%21.1%
Put IV 25d27.8%19.8%38.1%19.8%24.1%
Bid-Ask Spread %35.987.3395.4625.7225.41
Gamma HHI0.990.980.990.980.99
Net GEX718.0K410.2K1.0M410.2K724.9K
Net DEX-8.7M-13.9M-4.6M-4.6M-12.2M
Net VEX-32.3K-36.1K-26.2K-26.2K-26.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.010.360.020.36
Total Volume1,437.9093447,0642,951367
Total OI15,606.31810,83517,88810,83513,127

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-10-02$14.06$12.5024.8%7.1%16.4%32.8%30.2%-10.0%-3.3%410.2K-4.6M-26.2K0.0225.722,8955610,290545
2017-10-03$14.22$12.5030.4%8.7%16.3%49.6%30.9%-7.5%-0.2%414.6K-5.3M-28.0K0.0117.284,4046610,311546
2017-10-04$14.25$12.5027.1%7.8%16.3%39.7%31.5%-5.3%0.4%632.5K-7.5M-34.4K0.0512.121,0735814,501547
2017-10-05$14.15$12.5031.4%9.4%16.6%52.9%33.0%3.7%-4.4%602.9K-7.1M-33.8K0.0416.751,5366014,862549
2017-10-06$14.14$12.5028.2%9.6%16.7%43.0%33.3%3.3%-4.4%624.0K-7.7M-35.2K0.0315.982,3196015,506539
2017-10-09$14.21$12.5026.0%9.7%16.5%36.3%33.6%4.7%-5.2%757.8K-8.1M-36.0K0.0315.332,3196016,776539
2017-10-10$14.32$12.5018.1%9.3%15.4%12.6%27.4%7.2%-3.9%783.9K-8.1M-36.1K0.0514.771,2046216,776539
2017-10-11$14.21$12.5030.7%8.8%15.2%50.7%29.1%-6.9%-2.0%798.1K-7.9M-35.8K0.119.355496017,216536
2017-10-12$14.19$12.5030.6%8.8%15.4%50.1%29.4%-6.0%-1.3%775.0K-7.7M-35.2K0.1124.415496017,226536
2017-10-13$14.24$12.5031.6%9.1%15.1%53.5%30.0%6.7%-1.8%782.9K-7.8M-35.7K0.1191.565266017,246536
2017-10-16$14.26$12.5032.0%9.2%14.4%54.5%20.6%-5.4%-2.5%806.8K-8.0M-33.9K0.1095.466036017,239536
2017-10-17$14.17$12.5033.0%9.5%14.8%57.5%30.6%-7.0%-3.2%788.8K-7.6M-33.8K0.1194.366036517,284536
2017-10-18$14.29$12.5032.4%9.3%14.3%55.9%27.0%-5.0%-2.9%842.3K-8.4M-34.5K0.2169.333166517,284539
2017-10-19$14.24$12.5031.7%9.1%13.9%53.5%29.8%-5.3%-1.8%670.7K-7.3M-32.4K0.2884.753229117,290539
2017-10-20$14.28$12.5031.9%9.1%13.9%54.1%31.4%-4.1%-3.8%713.2K-7.6M-32.4K0.3668.122539117,379509
2017-10-23$14.27$12.5035.0%10.0%10.3%63.6%35.0%-5.1%-6.1%700.4K-7.5M-31.5K0.1124.324955315,123496
2017-10-24$15.21$12.5024.3%7.0%23.7%31.4%24.4%-0.1%-0.8%1.0M-13.9M-34.9K0.0813.136,52653815,391498
2017-10-25$15.32$15.0024.0%6.9%23.6%30.2%24.0%2.7%-0.8%826.0K-11.8M-30.7K0.0711.741,2248913,015987
2017-10-26$15.51$15.0024.3%7.0%23.7%31.3%24.2%1.3%-0.5%694.9K-12.8M-27.6K0.0913.351,0699512,3701,005
2017-10-27$15.54$15.0024.5%7.0%23.7%31.9%24.5%1.5%-0.9%671.8K-12.3M-27.3K0.3241.102768711,9381,029
2017-10-30$15.30$15.0023.1%6.6%24.8%27.5%23.1%1.0%1.5%757.6K-10.9M-28.1K0.337.332789212,0681,035
2017-10-31$15.48$15.0023.6%6.8%24.8%29.2%23.8%3.1%0.4%724.9K-12.2M-26.5K0.3625.412709712,0871,040