GPK Options History — October 2018

In October 2018, GPK traded between $10.54 and $14.07. ATM implied volatility averaged 32.4%, placing in the 55.8% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 0.5% (HV 20d: 31.9%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.21.

Notable Days

  • 2018-10-29: Highest Volume — 847 contracts
  • 2018-10-31: Largest IV drop — 29.3% change
  • 2018-10-29: Highest IV Rank — 87.8%
  • 2018-10-29: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.46$10.54$14.07$14.03$11.02
Max Pain$12.83$12.50$15.00$15.00$12.50
ATM IV32.4%19.9%44.0%19.9%27.7%
Expected Move9.1%5.7%12.6%5.7%7.9%
HV 20d31.9%18.7%59.0%21.5%58.9%
HV 60d24.9%18.8%37.6%19.1%37.5%
IV Rank55.8%21.5%87.8%21.5%43.0%
IV Percentile80.0%9.1%99.2%9.1%72.6%
Term Structure-1.2%-9.6%7.3%4.1%2.3%
VWIV30.6%20.4%49.7%20.4%30.0%
Skew 25d8.8%-7.1%55.1%-2.0%1.0%
Skew 10d13.2%-8.6%103.1%-1.9%1.4%
Call IV 25d26.6%21.1%47.5%21.4%24.9%
Put IV 25d35.4%19.4%80.0%19.4%25.9%
Bid-Ask Spread %26.898.9793.1124.3082.65
Gamma HHI0.630.450.750.570.72
Net GEX25.4K19.2K30.8K24.0K27.0K
Net DEX-540.2K-1.1M144.9K-1.1M-84.5K
Net VEX-3.4K-4.3K-2.1K-3.8K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.071.640.080.23
Total Volume549.652346847357843
Total OI2,362.0872,0253,3382,0273,338

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-10-01$14.03$15.0019.9%5.7%21.5%21.5%20.4%-2.0%4.1%24.0K-1.1M-3.8K0.0824.30332251,633394
2018-10-02$14.07$15.0021.1%6.0%21.5%24.7%21.2%-1.0%4.5%24.5K-1.1M-3.9K0.0826.67332251,631394
2018-10-03$13.82$15.0024.8%7.1%19.6%35.0%25.9%-7.1%-1.5%24.2K-1.0M-3.7K0.0824.55332251,631394
2018-10-04$13.87$12.5023.7%6.4%18.7%31.9%24.6%8.7%-0.5%24.0K-1.1M-3.7K0.0819.09321251,631394
2018-10-05$13.74$12.5028.5%8.2%18.7%45.0%23.6%7.7%6.3%24.0K-1.0M-3.8K0.1327.31323411,635394
2018-10-08$13.59$12.5034.1%8.0%18.9%60.6%25.3%5.9%7.2%23.8K-961.0K-3.7K0.1124.75359411,637414
2018-10-09$13.09$12.5038.6%9.7%22.6%73.0%33.4%0.8%-5.0%25.0K-763.5K-3.5K0.1319.48356481,652414
2018-10-10$12.75$12.5032.4%9.3%23.7%56.0%33.0%2.4%-3.7%26.2K-611.6K-3.4K0.1357.23361481,655424
2018-10-11$12.78$12.5033.8%9.7%23.3%59.8%21.6%7.4%-4.6%27.4K-614.9K-3.4K0.1033.93461481,744414
2018-10-12$12.63$12.5034.3%9.8%22.5%61.0%22.9%7.5%-4.4%26.7K-587.0K-3.4K0.1093.11461481,744414
2018-10-15$12.65$12.5032.1%9.2%22.7%55.1%32.1%18.6%-3.5%28.0K-576.1K-3.2K0.1113.53462511,744414
2018-10-16$13.06$12.5032.5%9.3%23.2%56.2%32.5%10.9%-3.6%28.7K-708.1K-3.4K0.1110.88467511,744417
2018-10-17$12.92$12.5033.2%9.5%23.1%58.1%33.2%9.1%-5.8%28.3K-655.5K-3.2K0.1210.42437511,731417
2018-10-18$12.73$12.5032.0%9.2%23.1%54.8%32.0%5.9%-3.9%27.8K-569.0K-3.1K0.1110.16474511,741417
2018-10-19$12.72$12.5031.8%9.1%23.2%54.1%31.8%55.1%-5.3%28.3K-561.4K-3.0K0.078.97474311,741417
2018-10-22$12.40$12.5034.5%9.9%23.7%61.6%34.5%2.5%-6.2%26.9K-456.9K-2.9K0.1510.90631921,686419
2018-10-23$10.82$12.5037.2%10.7%51.5%69.1%47.6%-3.3%3.8%21.9K82.6K-2.1K0.2744.155711531,935494
2018-10-24$10.54$12.5035.4%10.2%51.3%64.3%34.5%8.4%-4.7%20.7K128.0K-2.2K0.3714.965211932,097578
2018-10-25$10.54$12.5035.6%10.2%51.4%64.7%35.6%7.8%-2.5%19.2K144.9K-2.2K1.6411.802163552,100616
2018-10-26$11.00$12.5038.2%10.9%55.2%71.7%30.9%17.7%2.6%22.1K-11.8K-3.4K0.2320.896621552,172815
2018-10-29$10.68$12.5044.0%12.6%55.3%87.8%49.7%15.6%-9.6%24.6K-39.2K-4.0K0.2218.526921552,500825
2018-10-30$11.18$12.5039.2%11.2%59.0%74.6%28.5%22.1%7.3%30.8K-161.4K-4.3K0.2210.266881542,502825
2018-10-31$11.02$12.5027.7%7.9%58.9%43.0%30.0%1.0%2.3%27.0K-84.5K-3.9K0.2382.656851582,510828