GPK Options History — July 2018

In July 2018, GPK traded between $14.24 and $15.00. ATM implied volatility averaged 24.0%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 5.7% (HV 20d: 18.4%). 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 7 of 21 days. Put/call ratio averaged 0.12.

Notable Days

  • 2018-07-19: Highest Volume — 7,329 contracts
  • 2018-07-09: Largest IV spike — 72.8% change
  • 2018-07-11: Highest IV Rank — 49.6%
  • 2018-07-11: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.68$14.24$15.00$14.58$14.51
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV24.0%12.1%30.1%22.0%21.9%
Expected Move7.4%5.0%8.6%6.3%6.3%
HV 20d18.4%15.7%19.6%18.5%19.5%
HV 60d21.1%18.4%22.4%22.4%19.9%
IV Rank32.5%0.0%49.6%24.7%27.0%
IV Percentile44.8%0.0%84.1%19.4%17.5%
Term Structure0.1%-2.5%13.9%6.8%0.9%
VWIV26.0%20.1%30.1%21.9%21.9%
Skew 25d5.2%-7.0%113.8%0.8%0.0%
Skew 10d6.1%-11.2%143.4%-1.1%-3.6%
Call IV 25d24.2%17.0%32.5%22.6%21.9%
Put IV 25d29.5%18.1%134.4%23.4%21.9%
Bid-Ask Spread %28.657.0892.958.4515.30
Gamma HHI0.800.720.890.730.89
Net GEX516.6K393.8K769.7K393.8K591.1K
Net DEX-6.7M-8.1M-4.9M-6.3M-6.1M
Net VEX-26.4K-29.7K-21.5K-29.7K-22.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.010.260.260.01
Total Volume2,028.2867487,3297741,345
Total OI13,689.57113,14514,14113,18814,099

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$14.58$15.0022.0%6.3%18.5%24.7%21.9%0.8%6.8%393.8K-6.3M-29.7K0.268.4561316112,220968
2018-07-03$14.60$15.0019.3%5.5%18.4%17.0%21.0%8.0%13.9%413.0K-6.3M-29.1K0.2623.2961316112,246968
2018-07-05$14.66$15.0018.6%8.1%18.4%15.0%28.2%-0.1%-1.8%422.0K-6.5M-28.8K0.2625.9861316112,246968
2018-07-06$14.59$15.0012.1%7.9%18.4%0.0%27.7%-0.5%-1.3%424.6K-6.1M-28.0K0.269.6761216112,246968
2018-07-09$14.73$15.0020.9%8.2%18.6%24.2%28.5%0.5%-1.7%431.2K-6.7M-28.4K0.227.0861513312,242968
2018-07-10$14.96$15.0026.4%8.2%19.2%39.4%28.5%-7.0%-1.4%452.8K-7.7M-29.0K0.1078.671,37613312,246970
2018-07-11$14.80$15.0030.1%8.6%19.1%49.6%30.1%2.3%-2.0%506.2K-7.4M-29.1K0.108.891,35213312,770970
2018-07-12$14.97$15.0029.3%8.4%19.0%47.2%29.2%4.2%-1.9%534.3K-8.1M-29.1K0.2149.2762213312,776970
2018-07-13$14.85$15.0029.0%8.3%18.3%46.5%29.0%-5.1%-2.3%537.5K-7.7M-28.2K0.2292.9561713312,791970
2018-07-16$14.75$15.0029.4%8.4%17.8%47.7%29.4%-5.4%-1.3%520.4K-7.1M-27.8K0.2291.6261713312,802970
2018-07-17$14.81$15.0027.0%7.7%17.7%41.1%27.0%1.8%0.4%565.6K-7.1M-27.0K0.028.637,18513312,802970
2018-07-18$14.87$15.0028.4%8.1%17.2%44.9%28.4%0.9%-1.3%633.0K-7.6M-27.2K0.0210.567,18613313,161970
2018-07-19$14.95$15.0028.9%8.3%17.2%46.2%28.9%4.0%-1.0%769.7K-8.0M-27.5K0.0214.867,18614313,171970
2018-07-20$14.83$15.0028.5%8.2%16.8%45.2%28.5%2.5%-2.5%500.0K-6.8M-26.0K0.2312.1362714313,171970
2018-07-23$15.00$15.0028.8%8.2%15.7%45.9%28.8%-1.4%-2.1%528.0K-7.9M-26.1K0.0472.532,69312112,394751
2018-07-24$14.43$15.0022.8%6.5%18.6%29.4%22.9%-2.0%0.1%513.0K-5.2M-22.3K0.0214.071,3393112,596770
2018-07-25$14.24$15.0019.3%5.5%19.1%19.8%20.1%-5.7%-1.4%483.6K-4.9M-21.5K0.0116.801,3031213,333778
2018-07-26$14.40$15.0021.4%6.1%19.6%25.6%21.7%-1.3%0.9%553.4K-5.7M-22.8K0.0117.241,3031213,328773
2018-07-27$14.36$15.0017.3%5.0%19.3%14.4%20.3%113.8%1.8%533.3K-5.3M-22.3K0.018.571,303813,325773
2018-07-30$14.39$15.0023.6%6.8%19.3%31.6%23.8%-0.7%-0.1%542.6K-5.6M-21.9K0.0115.071,288813,327774
2018-07-31$14.51$15.0021.9%6.3%19.5%27.0%21.9%0.0%0.9%591.1K-6.1M-22.5K0.0115.301,337813,325774