GPK Options History — January 2019

In January 2019, GPK traded between $10.66 and $12.23. ATM implied volatility averaged 31.4%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 6.5% (HV 20d: 24.9%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 16.30.

Notable Days

  • 2019-01-11: Highest Volume — 10,668 contracts
  • 2019-01-09: Largest IV spike — 45.9% change
  • 2019-01-02: Highest IV Rank — 74.3%
  • 2019-01-02: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.57$10.66$12.23$10.80$12.10
Max Pain$11.07$10.00$12.50$12.50$12.50
ATM IV31.4%24.9%42.2%42.2%24.9%
Expected Move9.4%6.8%12.1%12.1%6.8%
HV 20d24.9%16.8%29.4%28.6%18.7%
HV 60d34.7%24.7%41.1%41.0%24.7%
IV Rank47.6%31.6%74.3%74.3%31.6%
IV Percentile72.1%43.7%97.6%97.6%43.7%
Term Structure-3.2%-8.4%1.8%-6.7%1.8%
VWIV32.5%23.6%42.5%42.5%23.6%
Skew 25d5.4%-8.2%17.9%13.1%-0.2%
Skew 10d8.6%-12.6%54.7%31.5%-2.1%
Call IV 25d28.7%19.7%36.3%29.5%25.4%
Put IV 25d34.1%21.8%44.5%42.6%25.2%
Bid-Ask Spread %84.8911.8894.6494.6491.90
Gamma HHI0.640.470.840.480.82
Net GEX-108.4K-209.8K11.4K-1.6K-168.9K
Net DEX1.4M-170.2K3.1M70.1K2.0M
Net VEX-15.0K-25.0K-2.6K-2.7K-20.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio16.300.03129.103.870.33
Total Volume780.857310,668151105
Total OI9,495.9522,30414,8692,30414,051

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$10.80$12.5042.2%12.1%28.6%74.3%42.5%13.1%-6.7%-1.6K70.1K-2.7K3.8794.64311201,357947
2019-01-03$10.66$10.0034.2%11.2%26.7%54.5%40.0%17.9%-3.0%-3.5K111.6K-2.8K3.6490.50331201,356949
2019-01-04$10.89$10.0034.1%11.2%28.1%54.3%39.7%16.0%-2.2%-1.1K57.4K-2.8K2.5590.05471201,358949
2019-01-07$10.86$10.0030.9%11.4%27.6%46.3%0.0%17.3%-1.8%-38830.2K-2.8K0.1189.981821,389949
2019-01-08$11.02$10.0026.5%11.0%27.9%35.5%0.0%17.7%-1.2%2.4K-22.7K-2.8K0.9590.5621201,407951
2019-01-09$11.10$10.0038.6%11.1%28.1%65.5%0.0%17.8%-0.4%3.6K-55.5K-2.8K0.6490.8328181,410950
2019-01-10$11.36$10.0027.4%7.9%28.6%37.7%0.0%3.3%-2.3%7.4K-111.9K-2.7K0.6984.0626181,400948
2019-01-11$11.60$10.0035.4%10.1%29.4%57.4%35.9%1.0%-8.4%11.4K-170.2K-2.6K129.1088.478210,5861,405948
2019-01-14$11.45$10.0033.6%9.6%28.6%53.0%0.0%12.5%-3.7%-170.5K2.1M-23.7K0.0092.86031,45511,368
2019-01-15$11.49$10.0025.2%7.2%28.4%32.3%28.1%-7.9%-2.3%-168.9K2.2M-24.1K0.0891.413831,45511,371
2019-01-16$11.53$10.0027.7%7.9%26.9%38.5%31.5%-8.2%-1.7%-167.0K2.0M-22.4K0.0887.003931,46211,371
2019-01-17$11.65$10.0030.1%8.6%26.1%44.4%29.9%-4.0%-2.9%-154.1K1.9M-22.3K0.0387.7015451,46311,371
2019-01-18$11.89$10.0029.9%8.6%25.5%43.9%30.1%-2.1%-2.7%-126.7K1.4M-21.1K13.4785.861692,2761,58411,369
2019-01-22$11.89$12.5034.0%9.7%24.2%53.9%34.0%-6.3%-6.4%-209.8K3.1M-25.0K0.9181.5711101,28913,572
2019-01-23$12.01$12.5031.8%9.1%24.2%48.6%31.9%-6.1%-5.0%-209.2K2.8M-23.8K0.9187.6311101,28713,575
2019-01-24$12.09$12.5032.5%9.3%22.0%50.3%32.5%4.0%-3.8%-199.5K2.6M-23.5K33.7382.08155061,29313,569
2019-01-25$12.18$12.5032.2%9.2%18.2%49.6%32.2%7.8%-4.2%-198.3K2.4M-23.5K50.6087.19105061,29413,569
2019-01-28$12.09$12.5036.5%10.5%18.5%60.1%36.4%2.0%-6.6%-203.3K2.6M-23.6K83.9211.88121,0071,30013,569
2019-01-29$12.23$12.5026.4%7.6%16.8%35.2%26.4%14.1%-1.5%-151.9K1.6M-19.5K0.1389.38106141,32012,726
2019-01-30$12.03$12.5025.5%7.3%18.8%33.1%25.5%3.6%-2.2%-165.4K2.1M-21.2K0.2087.0779161,32312,736
2019-01-31$12.10$12.5024.9%6.8%18.7%31.6%23.6%-0.2%1.8%-168.9K2.0M-20.1K0.3391.9079261,31612,735