GPK Options History — February 2018

In February 2018, GPK traded between $14.58 and $16.04. ATM implied volatility averaged 31.6%, placing in the 52.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 8.9% (HV 20d: 22.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.06.

Notable Days

2018-02-07: Highest Volume — 5,306 contracts
2018-02-09: Largest IV spike — 19.9% change
2018-02-01: Highest IV Rank — 100.0%
2018-02-01: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.28	$14.58	$16.04	$16.04	$15.32
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	31.6%	25.5%	48.4%	48.4%	25.7%
Expected Move	8.7%	7.3%	10.7%	10.7%	7.4%
HV 20d	22.7%	17.8%	26.2%	17.9%	26.1%
HV 60d	18.4%	15.7%	19.5%	16.1%	19.5%
IV Rank	52.1%	34.6%	100.0%	100.0%	35.4%
IV Percentile	75.5%	52.0%	100.0%	100.0%	54.4%
Term Structure	-2.2%	-8.2%	1.1%	-8.2%	0.2%
VWIV	30.1%	25.7%	40.9%	34.8%	25.8%
Skew 25d	9.6%	-10.2%	81.8%	1.5%	3.8%
Skew 10d	15.5%	-17.3%	130.2%	0.3%	7.2%
Call IV 25d	28.0%	20.3%	40.4%	33.4%	23.5%
Put IV 25d	37.6%	26.1%	106.5%	35.0%	27.3%
Bid-Ask Spread %	60.93	27.90	102.97	85.38	27.90
Gamma HHI	0.67	0.50	0.86	0.60	0.86
Net GEX	439.9K	273.7K	555.9K	521.1K	555.9K
Net DEX	-5.6M	-8.4M	-2.9M	-7.7M	-6.7M
Net VEX	-17.1K	-22.2K	-14.1K	-22.2K	-15.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.06	0.02	4.31	0.64	0.69
Total Volume	1,093.632	172	5,306	320	172
Total OI	14,402.421	13,199	19,190	13,496	13,318

Daily Data (19 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
2018-02-01	$16.04	$15.00	48.4%	10.7%	17.9%	100.0%	34.8%	1.5%	-8.2%	521.1K	-7.7M	-22.2K	0.64	85.38	195	125	12,728	768
2018-02-02	$16.00	$15.00	47.5%	10.0%	17.8%	97.2%	31.1%	2.9%	-6.9%	530.8K	-7.5M	-21.6K	0.34	93.10	350	119	12,776	788
2018-02-05	$15.49	$15.00	38.2%	10.5%	21.3%	70.7%	36.4%	-1.7%	-3.3%	452.2K	-5.9M	-18.7K	2.16	102.97	229	495	12,625	797
2018-02-06	$15.40	$15.00	36.4%	10.1%	19.7%	65.9%	32.0%	8.2%	-6.4%	312.6K	-4.4M	-16.8K	0.07	76.32	427	30	12,654	1,449
2018-02-07	$15.18	$15.00	30.2%	8.7%	19.9%	48.2%	31.9%	-5.9%	-3.2%	273.7K	-3.6M	-14.2K	0.02	62.31	5,187	119	12,769	1,449
2018-02-08	$14.58	$15.00	31.1%	8.9%	23.8%	50.7%	32.1%	-10.2%	-1.2%	351.1K	-2.9M	-16.3K	0.25	69.16	201	50	17,675	1,515
2018-02-09	$14.74	$15.00	37.3%	10.7%	21.6%	68.3%	40.9%	-10.0%	-5.6%	288.4K	-3.3M	-16.4K	2.73	75.24	260	709	13,806	1,544
2018-02-12	$15.02	$15.00	31.0%	8.9%	23.4%	50.5%	34.2%	-9.7%	-3.3%	369.5K	-4.4M	-15.1K	2.36	77.98	305	721	13,767	1,248
2018-02-13	$15.19	$15.00	30.4%	8.7%	23.3%	48.6%	26.1%	5.9%	-1.7%	388.6K	-5.1M	-15.2K	3.15	57.15	225	709	13,777	1,280
2018-02-14	$15.12	$15.00	28.2%	8.1%	23.0%	42.5%	28.2%	75.9%	-0.8%	384.8K	-4.6M	-14.1K	0.17	42.68	4,177	709	13,772	1,282
2018-02-15	$15.02	$15.00	27.2%	7.8%	23.0%	39.5%	27.2%	81.8%	0.5%	347.0K	-4.9M	-18.5K	0.33	42.47	2,172	709	14,806	1,282
2018-02-16	$15.19	$15.00	27.5%	7.9%	23.3%	40.3%	27.5%	5.6%	0.9%	491.3K	-6.0M	-18.7K	4.31	43.80	188	811	14,815	1,282
2018-02-20	$15.04	$15.00	26.8%	7.7%	23.3%	38.5%	28.9%	6.6%	1.1%	491.6K	-5.3M	-17.6K	0.66	62.42	133	88	12,312	887
2018-02-21	$15.24	$15.00	27.3%	7.8%	24.1%	39.7%	27.3%	4.7%	0.0%	502.2K	-6.3M	-17.7K	0.54	63.15	170	92	12,312	925
2018-02-22	$15.19	$15.00	26.7%	7.6%	23.8%	38.0%	26.7%	3.9%	-0.5%	515.0K	-5.9M	-17.6K	0.41	57.65	170	69	12,386	929
2018-02-23	$15.32	$15.00	25.5%	7.3%	24.2%	34.6%	25.7%	4.3%	0.6%	536.0K	-6.4M	-17.1K	0.42	45.78	165	69	12,386	919
2018-02-26	$15.71	$15.00	27.2%	7.8%	26.2%	39.5%	27.4%	7.7%	-0.3%	522.6K	-8.4M	-15.9K	0.39	28.90	166	64	12,391	919
2018-02-27	$15.58	$15.00	28.0%	8.0%	25.7%	41.7%	28.1%	6.6%	-3.1%	523.8K	-8.0M	-15.9K	0.54	43.35	129	70	12,389	919
2018-02-28	$15.32	$15.00	25.7%	7.4%	26.1%	35.4%	25.8%	3.8%	0.2%	555.9K	-6.7M	-15.6K	0.69	27.90	102	70	12,389	929