GPK Options History — April 2018

In April 2018, GPK traded between $14.33 and $16.09. ATM implied volatility averaged 25.9%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 0.1% (HV 20d: 25.8%). 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 8 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2018-04-27: Highest Volume — 4,290 contracts
  • 2018-04-23: Largest IV spike — 21.9% change
  • 2018-04-23: Highest IV Rank — 50.3%
  • 2018-04-23: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.46$14.33$16.09$15.04$14.33
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV25.9%21.9%31.0%28.1%24.7%
Expected Move7.6%6.3%8.9%8.1%7.1%
HV 20d25.8%22.6%28.7%24.3%27.9%
HV 60d23.7%22.8%26.0%22.8%25.8%
IV Rank35.9%24.3%50.3%42.1%32.3%
IV Percentile54.6%15.9%85.3%74.6%44.8%
Term Structure0.1%-4.3%10.3%0.2%-1.5%
VWIV27.0%21.9%31.9%28.0%24.6%
Skew 25d9.4%-3.0%112.9%2.6%-1.9%
Skew 10d11.5%-4.1%142.9%4.0%-4.1%
Call IV 25d22.6%15.8%33.4%25.6%25.0%
Put IV 25d32.1%22.0%134.7%28.1%23.1%
Bid-Ask Spread %31.309.23102.5014.2913.90
Gamma HHI0.560.500.740.520.74
Net GEX173.8K121.2K363.0K144.7K363.0K
Net DEX-2.5M-3.3M-998.7K-2.0M-2.7M
Net VEX-13.4K-15.4K-8.0K-13.3K-15.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.011.070.720.15
Total Volume343.81974,290172339
Total OI4,999.5244,6738,8814,8258,881

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$15.04$15.0028.1%8.1%24.3%42.1%28.0%2.6%0.2%144.7K-2.0M-13.3K0.7214.29100724,647178
2018-04-03$15.38$15.0024.1%6.9%25.4%30.6%24.0%3.5%4.2%166.2K-2.3M-13.6K1.0714.1767724,653178
2018-04-04$15.56$15.0024.7%7.1%24.7%32.4%24.9%2.0%2.8%164.7K-2.6M-14.9K1.0014.2272724,654178
2018-04-05$15.70$15.0027.1%8.2%24.6%39.3%28.5%4.0%-2.8%164.0K-2.9M-15.4K0.9176.1879724,664178
2018-04-06$15.38$15.0025.9%8.2%25.7%36.0%28.6%7.7%-2.0%160.6K-2.3M-13.9K0.7248.41100724,654178
2018-04-09$15.50$15.0026.3%8.3%25.2%37.1%28.9%8.8%-2.4%165.5K-2.6M-14.6K0.7224.23100724,659178
2018-04-10$15.78$15.0025.2%8.5%26.0%34.0%29.4%13.4%-0.4%170.6K-2.9M-15.4K0.6514.6986564,659178
2018-04-11$15.72$15.0027.9%8.0%26.0%41.5%27.9%10.0%-2.3%169.1K-2.8M-14.3K0.6513.2886564,656178
2018-04-12$15.89$15.0027.5%7.9%25.5%40.4%27.5%10.9%-3.3%177.4K-3.0M-14.1K0.7711.7873564,656178
2018-04-13$15.88$15.0027.9%8.0%25.3%41.5%27.9%11.1%-2.0%175.8K-3.0M-14.6K0.7710.0373564,646176
2018-04-16$15.90$15.0027.8%8.0%25.3%41.3%27.9%0.7%-3.5%179.2K-3.1M-13.8K0.339.2373244,646172
2018-04-17$16.05$15.0026.7%7.6%25.3%38.0%26.7%10.5%0.3%186.2K-3.1M-14.5K0.299.5382244,646178
2018-04-18$16.09$15.0024.1%6.9%25.3%30.7%27.2%0.5%10.3%178.5K-3.3M-14.4K0.2422.9485204,646178
2018-04-19$15.97$15.0027.4%7.9%25.3%40.1%28.9%0.5%3.0%177.3K-3.1M-14.4K0.3333.5485284,637179
2018-04-20$15.92$15.0025.4%7.3%24.7%34.5%28.4%7.0%7.2%176.0K-3.0M-14.0K0.29102.5095284,637191
2018-04-23$15.94$15.0031.0%8.9%22.6%50.3%31.9%-2.7%-4.3%180.8K-2.8M-13.5K0.4898.8990434,522151
2018-04-24$15.03$15.0026.0%7.4%27.5%36.0%27.9%-3.0%-1.3%154.5K-1.8M-11.7K0.2989.14100294,566182
2018-04-25$14.76$15.0022.7%6.5%28.2%26.8%22.7%0.5%-0.8%144.2K-1.4M-9.5K0.4310.25103444,570179
2018-04-26$14.51$15.0022.3%6.4%28.7%25.6%22.3%-0.7%-0.1%130.5K-1.1M-8.4K0.4311.83102444,593158
2018-04-27$14.43$15.0021.9%6.3%28.6%24.3%21.9%112.9%1.7%121.2K-998.7K-8.0K0.0114.364,246444,594158
2018-04-30$14.33$15.0024.7%7.1%27.9%32.3%24.6%-1.9%-1.5%363.0K-2.7M-15.2K0.1513.90295448,723158