GPK Options History — December 2018

In December 2018, GPK traded between $10.14 and $11.80. ATM implied volatility averaged 34.9%, placing in the 56.2% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 9.9% (HV 20d: 25.0%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 13.82.

Notable Days

2018-12-21: Highest Volume — 3,384 contracts
2018-12-17: Largest IV spike — 30.1% change
2018-12-27: Highest IV Rank — 79.6%
2018-12-27: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.92	$10.14	$11.80	$11.80	$10.68
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	34.9%	25.6%	44.4%	25.9%	37.1%
Expected Move	9.5%	6.8%	12.7%	7.4%	10.6%
HV 20d	25.0%	22.7%	29.3%	24.3%	28.2%
HV 60d	39.8%	39.1%	40.9%	39.2%	40.9%
IV Rank	56.2%	33.4%	79.6%	34.2%	61.7%
IV Percentile	85.1%	53.6%	98.8%	55.6%	90.9%
Term Structure	6.0%	-6.2%	121.2%	-4.8%	3.1%
VWIV	38.7%	22.4%	62.0%	28.0%	37.1%
Skew 25d	8.9%	-9.2%	18.5%	18.5%	9.6%
Skew 10d	18.4%	-8.1%	36.8%	18.3%	27.9%
Call IV 25d	28.1%	16.2%	41.6%	31.0%	28.3%
Put IV 25d	37.0%	23.7%	49.6%	49.6%	38.0%
Bid-Ask Spread %	93.40	89.43	99.30	96.17	95.03
Gamma HHI	0.69	0.47	0.89	0.87	0.48
Net GEX	21.2K	-6.3K	66.8K	66.8K	-2.9K
Net DEX	-31.8K	-483.5K	254.1K	-483.5K	117.7K
Net VEX	-2.8K	-3.8K	-2.0K	-3.8K	-2.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	13.82	0.00	90.00	0.00	3.81
Total Volume	537.05	0	3,384	0	149
Total OI	3,571.55	2,193	6,127	3,643	2,215

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-12-03	$11.80	$12.50	25.9%	7.4%	24.3%	34.2%	0.0%	18.5%	-4.8%	66.8K	-483.5K	-3.8K	0.00	96.17	0	0	2,835	808
2018-12-04	$11.41	$12.50	26.0%	7.4%	27.3%	34.2%	0.0%	-2.1%	4.1%	39.8K	-224.4K	-3.3K	0.00	91.03	50	0	2,835	808
2018-12-05	$11.35	$12.50	25.6%	7.4%	23.6%	33.4%	0.0%	-9.2%	5.2%	33.0K	-119.3K	-3.0K	0.00	93.43	50	0	2,835	808
2018-12-06	$11.48	$12.50	29.2%	6.8%	24.0%	42.3%	0.0%	4.7%	0.2%	47.9K	-280.1K	-3.4K	0.00	94.49	0	0	2,885	808
2018-12-07	$11.32	$12.50	35.9%	7.0%	24.3%	58.6%	28.0%	5.0%	0.1%	49.1K	-271.3K	-3.5K	0.18	95.29	60	11	2,885	808
2018-12-10	$11.31	$12.50	38.7%	7.5%	23.6%	65.7%	34.9%	1.3%	-1.5%	36.2K	-194.7K	-3.0K	90.00	94.21	1	90	2,881	819
2018-12-11	$11.11	$12.50	36.0%	8.3%	23.9%	59.0%	33.6%	2.6%	0.7%	23.6K	-106.6K	-2.9K	60.00	90.97	2	120	2,882	875
2018-12-12	$11.18	$12.50	34.2%	9.8%	23.9%	54.6%	29.5%	11.3%	-1.8%	21.4K	-103.7K	-2.8K	31.00	94.31	4	124	2,884	880
2018-12-13	$10.94	$12.50	33.9%	9.7%	25.0%	53.7%	34.6%	13.0%	-0.3%	13.8K	72.3K	-2.1K	27.75	89.43	4	111	2,883	877
2018-12-14	$11.07	$12.50	28.6%	8.2%	24.0%	40.7%	33.6%	16.2%	8.0%	16.9K	-84.6K	-2.7K	27.75	92.93	4	111	2,883	875
2018-12-17	$10.82	$12.50	37.2%	10.7%	24.3%	61.9%	22.4%	14.8%	-6.2%	21.6K	1.2K	-2.5K	0.08	91.29	25	2	2,883	875
2018-12-18	$10.66	$12.50	34.6%	9.9%	24.3%	55.7%	28.4%	11.9%	-0.6%	16.1K	27.6K	-2.4K	4.00	91.49	1	4	2,858	878
2018-12-19	$10.49	$12.50	35.5%	10.2%	23.0%	57.6%	62.0%	11.8%	-2.7%	24.8K	108.7K	-2.4K	0.01	93.58	2,401	24	2,858	876
2018-12-20	$10.32	$12.50	36.6%	10.5%	23.2%	60.4%	56.6%	12.6%	-2.7%	28.8K	140.0K	-2.2K	0.01	92.47	2,875	36	5,258	869
2018-12-21	$10.34	$12.50	36.4%	10.4%	23.3%	60.1%	53.6%	15.7%	1.3%	3.2K	98.9K	-2.0K	0.16	91.21	2,906	478	5,123	874
2018-12-24	$10.14	$12.50	40.4%	11.6%	22.7%	69.9%	40.5%	6.5%	121.2%	-6.3K	254.1K	-2.7K	1.07	99.30	478	512	1,314	879
2018-12-26	$10.57	$12.50	42.0%	12.0%	28.2%	73.8%	41.8%	9.4%	-2.0%	-4.3K	164.6K	-2.8K	0.84	92.95	19	16	1,314	879
2018-12-27	$10.76	$12.50	44.4%	12.7%	29.1%	79.6%	44.4%	16.6%	-1.6%	-1.9K	109.4K	-2.9K	0.84	94.26	19	16	1,333	879
2018-12-28	$10.60	$12.50	39.1%	11.2%	29.3%	66.7%	38.4%	7.8%	-0.2%	-3.7K	137.7K	-2.8K	1.24	94.25	17	21	1,333	879
2018-12-31	$10.68	$12.50	37.1%	10.6%	28.2%	61.7%	37.1%	9.6%	3.1%	-2.9K	117.7K	-2.7K	3.81	95.03	31	118	1,336	879