GPK Options History — November 2018

In November 2018, GPK traded between $11.29 and $11.99. ATM implied volatility averaged 28.6%, placing in the 42.3% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 20.1% (HV 20d: 48.7%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.28.

Notable Days

  • 2018-11-06: Highest Volume — 1,475 contracts
  • 2018-11-14: Largest IV drop — 43.7% change
  • 2018-11-13: Highest IV Rank — 100.0%
  • 2018-11-23: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.62$11.29$11.99$11.31$11.99
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV28.6%22.9%52.6%22.9%24.9%
Expected Move7.7%6.3%9.5%6.6%7.1%
HV 20d48.7%23.3%61.6%60.2%23.3%
HV 60d39.0%38.0%39.5%38.0%39.1%
IV Rank42.3%27.5%100.0%29.7%31.7%
IV Percentile64.0%31.7%100.0%31.7%50.8%
Term Structure-0.5%-5.8%9.5%6.3%-1.7%
VWIV29.3%22.5%39.2%26.0%25.1%
Skew 25d-1.2%-7.8%13.4%1.5%-7.8%
Skew 10d7.0%-18.9%66.9%3.3%-17.0%
Call IV 25d28.9%22.4%33.5%22.9%28.8%
Put IV 25d27.7%20.5%42.9%24.4%21.0%
Bid-Ask Spread %58.4615.6593.0993.0992.23
Gamma HHI0.860.760.900.770.85
Net GEX54.7K31.3K71.2K31.3K70.1K
Net DEX-452.1K-613.3K-184.0K-185.1K-604.7K
Net VEX-4.4K-5.0K-3.9K-4.0K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.120.480.220.40
Total Volume737.6193851,475867435
Total OI3,735.3813,3424,0273,3423,624

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$11.31$12.5022.9%6.6%60.2%29.7%26.0%1.5%6.3%31.3K-185.1K-4.0K0.2293.097091582,509833
2018-11-02$11.35$12.5024.8%7.1%60.4%34.9%29.6%4.0%6.4%31.4K-186.0K-4.0K0.2292.257341582,534833
2018-11-05$11.29$12.5028.4%6.9%60.4%44.8%27.5%2.5%-1.4%31.9K-184.0K-3.9K0.2280.287141582,549833
2018-11-06$11.72$12.5023.8%7.8%61.6%32.3%27.5%6.6%-2.2%41.1K-381.0K-4.2K0.1215.651,3171582,545833
2018-11-07$11.72$12.5024.5%6.3%61.1%34.2%22.5%-3.6%2.1%68.3K-556.3K-4.9K0.2354.056901583,174833
2018-11-08$11.80$12.5026.2%7.1%61.2%38.9%27.5%-3.4%0.3%71.2K-587.3K-4.9K0.2361.536901583,176832
2018-11-09$11.60$12.5030.1%8.2%61.3%49.5%27.6%-7.0%-1.6%60.8K-480.0K-4.8K0.2563.196241583,176832
2018-11-12$11.43$12.5038.5%7.6%61.4%72.7%34.5%5.7%-2.6%51.7K-470.5K-5.0K0.2568.066241583,181832
2018-11-13$11.34$12.5052.6%9.3%59.8%100.0%39.2%-0.5%-5.6%48.0K-406.1K-5.0K0.2741.796241683,179832
2018-11-14$11.31$12.5029.6%8.5%59.8%43.2%36.2%2.2%-4.6%45.1K-382.1K-4.9K0.2726.516251683,179842
2018-11-15$11.56$12.5023.2%6.7%60.6%27.5%32.2%4.9%2.3%51.7K-367.6K-4.4K0.2731.296251683,185842
2018-11-16$11.72$12.5027.7%7.9%60.9%38.4%31.0%13.4%-2.0%60.5K-483.7K-4.5K0.2788.046331683,185842
2018-11-19$11.55$12.5023.8%6.8%60.5%28.8%24.3%-4.2%9.5%58.7K-449.1K-4.3K0.2417.425141232,904808
2018-11-20$11.78$12.5030.6%8.8%35.2%45.5%30.6%-5.2%5.6%57.5K-565.8K-4.8K0.1970.456431232,904808
2018-11-21$11.77$12.5024.8%7.1%33.4%31.4%23.9%-6.6%-3.6%61.9K-581.6K-4.5K0.1953.566531212,833805
2018-11-23$11.77$12.5033.2%9.5%33.4%52.0%33.4%-4.9%-5.8%58.6K-583.8K-4.5K0.1879.796621212,843805
2018-11-26$11.91$12.5030.1%8.6%30.5%44.5%32.1%-3.2%-2.7%66.7K-613.3K-4.4K0.4561.312691212,843805
2018-11-27$11.68$12.5025.6%7.3%29.2%33.4%28.5%-5.7%-3.3%58.7K-455.3K-4.0K0.4533.022691212,818805
2018-11-28$11.76$12.5030.2%8.7%24.8%44.6%31.0%-6.7%-4.3%60.2K-461.0K-4.1K0.4820.022611242,818805
2018-11-29$11.76$12.5024.7%7.1%24.1%31.0%25.4%-7.8%-2.4%63.9K-510.2K-3.9K0.4884.042611242,816808
2018-11-30$11.99$12.5024.9%7.1%23.3%31.7%25.1%-7.8%-1.7%70.1K-604.7K-4.1K0.4092.233111242,816808