GPK Options History — February 2019

In February 2019, GPK traded between $12.15 and $12.82. ATM implied volatility averaged 24.3%, placing in the 30.1% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 7.6% (HV 20d: 16.7%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.75.

Notable Days

2019-02-22: Highest Volume — 357 contracts
2019-02-28: Largest IV drop — 14.7% change
2019-02-27: Highest IV Rank — 35.8%
2019-02-27: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.45	$12.15	$12.82	$12.28	$12.19
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	24.3%	22.7%	26.6%	24.3%	22.7%
Expected Move	6.9%	6.3%	7.6%	6.8%	6.5%
HV 20d	16.7%	15.6%	18.3%	17.6%	17.0%
HV 60d	23.4%	22.8%	24.8%	24.8%	22.9%
IV Rank	30.1%	26.2%	35.8%	30.0%	26.2%
IV Percentile	39.9%	23.8%	63.1%	36.1%	23.8%
Term Structure	0.6%	-3.1%	3.0%	2.5%	0.9%
VWIV	24.0%	22.1%	26.4%	23.7%	22.8%
Skew 25d	2.6%	-1.8%	8.2%	5.8%	4.2%
Skew 10d	3.3%	-5.2%	15.5%	5.4%	-5.1%
Call IV 25d	26.7%	21.2%	32.2%	32.2%	25.3%
Put IV 25d	29.3%	24.0%	38.0%	38.0%	29.6%
Bid-Ask Spread %	85.58	76.72	95.56	88.55	83.79
Gamma HHI	0.80	0.55	0.97	0.76	0.97
Net GEX	-137.2K	-172.7K	-92.8K	-157.6K	-136.4K
Net DEX	1.1M	366.2K	1.8M	1.6M	1.5M
Net VEX	-16.2K	-19.8K	-13.5K	-19.8K	-15.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.00	2.83	0.37	0.24
Total Volume	103.684	4	357	108	144
Total OI	14,066.316	13,776	14,174	14,063	14,174

Daily Data (19 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
2019-02-01	$12.28	$12.50	24.3%	6.8%	17.6%	30.0%	23.7%	5.8%	2.5%	-157.6K	1.6M	-19.8K	0.37	88.55	79	29	1,316	12,747
2019-02-04	$12.26	$12.50	23.1%	6.3%	17.0%	27.2%	22.1%	2.7%	2.7%	-156.6K	1.5M	-17.6K	2.83	88.18	6	17	1,316	12,753
2019-02-05	$12.36	$12.50	25.0%	6.6%	16.7%	31.8%	22.9%	2.7%	2.1%	-155.3K	1.3M	-18.1K	0.74	92.73	27	20	1,320	12,770
2019-02-06	$12.39	$12.50	23.3%	6.7%	16.5%	27.5%	23.3%	2.8%	1.4%	-149.7K	1.2M	-17.5K	0.00	95.56	137	0	1,321	12,771
2019-02-07	$12.30	$12.50	24.9%	7.1%	17.1%	31.6%	24.9%	2.4%	1.1%	-161.9K	1.5M	-17.9K	0.04	92.20	121	5	1,329	12,771
2019-02-08	$12.15	$12.50	23.4%	6.7%	16.8%	27.8%	23.4%	2.8%	2.1%	-164.4K	1.8M	-18.8K	0.05	92.08	121	6	1,336	12,766
2019-02-11	$12.26	$12.50	23.5%	6.7%	15.6%	28.2%	0.0%	5.6%	1.5%	-162.0K	1.5M	-17.1K	0.00	88.06	26	0	1,336	12,765
2019-02-12	$12.53	$12.50	24.6%	7.1%	15.8%	31.0%	0.0%	3.1%	0.9%	-159.7K	932.4K	-15.7K	0.00	93.07	26	0	1,354	12,765
2019-02-13	$12.68	$12.50	23.4%	6.7%	16.0%	27.8%	23.4%	8.2%	1.5%	-135.1K	560.8K	-13.7K	0.91	86.58	33	30	1,354	12,765
2019-02-14	$12.55	$12.50	22.8%	6.5%	16.9%	26.3%	22.8%	4.5%	3.0%	-172.7K	948.8K	-15.7K	1.82	84.92	44	80	1,361	12,739
2019-02-15	$12.64	$12.50	23.8%	6.8%	16.8%	29.0%	23.8%	2.8%	1.9%	-102.3K	638.0K	-14.2K	2.27	90.05	37	84	1,375	12,787
2019-02-19	$12.70	$12.50	25.0%	7.2%	15.7%	31.8%	25.1%	3.5%	-1.2%	-101.3K	623.0K	-15.1K	0.29	78.45	7	2	1,332	12,444
2019-02-20	$12.82	$12.50	24.9%	7.1%	15.8%	31.5%	24.9%	-1.0%	-0.5%	-92.8K	366.2K	-13.5K	0.12	80.87	82	10	1,335	12,451
2019-02-21	$12.64	$12.50	24.8%	7.1%	16.8%	31.3%	24.8%	0.9%	-0.5%	-104.3K	650.2K	-15.1K	2.21	78.90	95	210	1,410	12,462
2019-02-22	$12.64	$12.50	24.6%	7.0%	16.7%	30.8%	24.6%	0.5%	-0.3%	-114.3K	800.5K	-15.3K	1.43	78.61	147	210	1,420	12,662
2019-02-25	$12.56	$12.50	25.7%	7.4%	16.9%	33.5%	0.0%	-1.8%	-1.8%	-117.2K	849.7K	-15.4K	0.00	79.59	4	0	1,483	12,662
2019-02-26	$12.31	$12.50	25.2%	7.2%	18.3%	32.4%	25.2%	-1.0%	-2.2%	-129.0K	1.2M	-15.5K	0.67	76.72	12	8	1,487	12,662
2019-02-27	$12.26	$12.50	26.6%	7.6%	17.9%	35.8%	26.4%	0.1%	-3.1%	-133.3K	1.3M	-16.2K	0.34	77.16	83	28	1,492	12,667
2019-02-28	$12.19	$12.50	22.7%	6.5%	17.0%	26.2%	22.8%	4.2%	0.9%	-136.4K	1.5M	-15.8K	0.24	83.79	116	28	1,488	12,686