GPK Options History — June 2018

In June 2018, GPK traded between $14.21 and $14.95. ATM implied volatility averaged 23.4%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 3.8% (HV 20d: 19.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2018-06-07: Highest Volume — 1,752 contracts
  • 2018-06-13: Largest IV drop — 21.9% change
  • 2018-06-12: Highest IV Rank — 43.5%
  • 2018-06-05: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.66$14.21$14.95$14.58$14.55
Max Pain$14.76$12.50$15.00$15.00$15.00
ATM IV23.4%21.3%28.6%21.7%21.5%
Expected Move6.5%6.1%6.9%6.2%6.2%
HV 20d19.6%16.4%22.2%22.1%18.7%
HV 60d23.9%22.5%24.8%24.5%22.7%
IV Rank28.8%22.7%43.5%23.8%23.2%
IV Percentile32.9%14.7%81.7%16.3%15.9%
Term Structure3.9%-2.2%6.3%-2.2%5.8%
VWIV22.6%19.6%27.4%20.1%21.5%
Skew 25d-0.5%-7.3%1.6%-7.3%0.1%
Skew 10d-0.5%-10.7%3.1%-10.7%-1.0%
Call IV 25d22.1%19.9%29.0%25.3%22.1%
Put IV 25d21.6%18.0%26.1%18.0%22.2%
Bid-Ask Spread %13.496.0352.7115.6125.76
Gamma HHI0.790.700.890.830.74
Net GEX656.3K356.9K1.3M664.0K400.5K
Net DEX-6.8M-9.7M-4.5M-6.1M-6.1M
Net VEX-33.4K-37.5K-28.5K-34.3K-29.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.190.570.330.27
Total Volume876.6194411,7521,413748
Total OI15,220.52412,65617,96615,99113,188

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-06-01$14.58$15.0021.7%6.2%22.1%23.8%20.1%-7.3%-2.2%664.0K-6.1M-34.3K0.3315.611,06534814,8761,115
2018-06-04$14.69$12.5024.7%6.9%22.2%32.5%19.6%-1.4%3.4%805.4K-7.4M-35.7K0.4624.2477635615,4161,115
2018-06-05$14.77$12.5026.5%6.9%21.7%37.6%24.0%-0.1%2.8%864.7K-8.2M-36.7K0.517.791,10956515,6861,127
2018-06-06$14.84$15.0024.9%6.8%21.0%33.0%23.8%1.5%2.7%958.6K-8.4M-37.5K0.517.831,10956516,0461,337
2018-06-07$14.79$15.0023.1%6.5%21.1%27.8%22.7%1.1%3.2%997.5K-7.8M-37.0K0.488.481,18756516,0461,337
2018-06-08$14.67$15.0024.5%6.6%20.5%31.7%23.0%-0.1%2.9%879.4K-7.3M-36.0K0.196.571,05820216,2991,337
2018-06-11$14.76$15.0025.9%6.6%20.4%35.9%23.1%1.0%2.9%1.0M-7.7M-36.8K0.226.0382218416,6141,346
2018-06-12$14.95$15.0028.6%6.3%20.8%43.5%21.6%-0.3%3.7%1.3M-9.7M-37.5K0.317.5958618416,6201,346
2018-06-13$14.76$15.0022.3%6.4%20.7%25.7%27.4%-2.9%3.5%1.1M-7.9M-35.7K0.3424.1454018416,5711,347
2018-06-14$14.53$15.0021.6%6.2%21.5%23.5%21.4%0.2%5.0%866.2K-7.3M-34.0K0.336.3454017916,5871,347
2018-06-15$14.74$15.0022.5%6.4%16.5%26.1%22.5%1.5%3.3%393.9K-5.9M-33.6K0.338.1154417916,5621,354
2018-06-18$14.82$15.0022.4%6.4%16.6%25.8%22.4%0.4%4.4%406.1K-6.7M-33.1K0.4711.1834316111,688968
2018-06-19$14.64$15.0021.9%6.3%16.4%24.5%22.0%1.6%6.0%396.2K-6.1M-31.9K0.479.1634316111,696968
2018-06-20$14.64$15.0022.3%6.4%16.4%25.5%22.3%-0.7%5.3%390.2K-6.1M-31.7K0.578.9128016111,696968
2018-06-21$14.46$15.0024.0%6.9%16.8%30.5%23.9%-0.5%3.8%378.5K-5.4M-30.3K0.5652.7129016111,700968
2018-06-22$14.21$15.0021.3%6.1%17.5%22.7%21.3%-0.6%6.3%356.9K-4.5M-28.5K0.5614.3128716111,710968
2018-06-25$14.64$15.0023.0%6.6%21.0%27.5%23.0%-1.1%5.3%392.7K-6.0M-30.8K0.4410.0536416111,710968
2018-06-26$14.62$15.0022.8%6.5%20.5%26.9%22.7%-0.7%4.5%397.3K-6.1M-30.6K0.428.7638416111,910968
2018-06-27$14.62$15.0023.2%6.7%20.5%28.3%23.2%-0.7%4.9%396.0K-6.2M-30.5K0.339.5048716111,970968
2018-06-28$14.48$15.0023.6%6.8%18.9%29.3%23.6%-1.6%4.8%381.7K-6.0M-29.9K0.2710.1158716112,220968
2018-06-29$14.55$15.0021.5%6.2%18.7%23.2%21.5%0.1%5.8%400.5K-6.1M-29.7K0.2725.7658716112,220968