GPK Options History — March 2019

In March 2019, GPK traded between $12.18 and $12.73. ATM implied volatility averaged 23.1%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 6.4% (HV 20d: 16.7%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 2.63.

Notable Days

  • 2019-03-01: Highest Volume — 147 contracts
  • 2019-03-11: Largest IV spike — 123.1% change
  • 2019-03-11: Highest IV Rank — 46.3%
  • 2019-03-06: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.46$12.18$12.73$12.22$12.66
Max Pain$11.36$10.00$12.50$12.50$10.00
ATM IV23.1%13.8%30.9%23.9%22.8%
Expected Move7.3%4.0%7.9%6.8%7.5%
HV 20d16.7%14.5%18.3%16.9%17.4%
HV 60d20.1%17.8%22.6%22.6%17.8%
IV Rank27.2%4.3%46.3%29.1%26.5%
IV Percentile32.6%0.4%80.2%37.3%31.3%
Term Structure3.2%-0.6%5.5%-0.6%3.4%
VWIV26.6%14.3%34.4%23.9%34.4%
Skew 25d3.7%-1.1%9.1%3.9%-1.1%
Skew 10d5.7%-8.2%17.3%-8.2%-1.6%
Call IV 25d25.5%22.2%30.1%26.8%24.0%
Put IV 25d29.2%22.8%34.2%30.7%22.8%
Bid-Ask Spread %91.2880.03100.58100.5898.64
Gamma HHI0.940.850.980.950.93
Net GEX-108.4K-140.3K-80.0K-130.7K-80.0K
Net DEX723.1K176.5K1.9M1.5M176.5K
Net VEX-11.4K-15.6K-7.8K-15.6K-7.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.630.0035.000.242.14
Total Volume55.905714714722
Total OI12,985.95211,51414,35914,18911,585

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$12.22$12.5023.9%6.8%16.9%29.1%23.9%3.9%-0.6%-130.7K1.5M-15.6K0.24100.58119281,50312,686
2019-03-04$12.35$12.5027.2%7.8%16.5%37.2%0.0%2.1%2.3%-127.4K1.1M-14.6K0.0687.267241,50812,686
2019-03-05$12.40$12.5026.1%7.5%16.5%34.5%0.0%2.3%3.0%-120.2K1.0M-14.3K0.0680.037241,57512,686
2019-03-06$12.39$12.5027.4%7.9%16.3%37.7%0.0%2.2%1.6%-119.5K984.8K-14.2K0.0580.297741,57512,686
2019-03-07$12.26$12.5021.6%6.2%16.7%23.4%0.0%2.2%3.5%-136.6K1.5M-14.6K0.0581.607741,57512,686
2019-03-08$12.18$12.5013.8%4.0%16.7%4.3%14.3%1.8%2.1%-140.3K1.9M-14.9K0.0881.277761,57512,710
2019-03-11$12.40$10.0030.9%7.3%17.3%46.3%25.5%2.7%2.4%-122.4K1.0M-12.5K0.0086.712401,57512,710
2019-03-12$12.51$10.0023.6%7.4%17.3%28.5%27.5%2.9%2.0%-116.2K764.7K-12.6K0.7684.0425191,59412,710
2019-03-13$12.55$10.0022.3%7.4%15.5%25.2%27.0%5.8%3.3%-111.0K559.2K-11.2K2.0384.2534691,59412,710
2019-03-14$12.47$10.0022.6%7.5%15.0%26.0%33.8%5.9%3.7%-113.1K709.5K-12.0K35.0088.572701,59912,760
2019-03-15$12.49$10.0021.2%7.0%14.5%22.4%34.4%5.8%3.2%-92.3K379.4K-9.1K1.2586.0556701,59812,760
2019-03-18$12.73$0.0021.0%7.6%15.9%22.0%0.0%4.7%5.5%-85.0K261.7K-8.4K0.0098.7313061610,898
2019-03-19$12.57$0.0021.4%7.4%16.5%22.9%0.0%2.4%4.5%-88.7K316.5K-9.1K4.0096.6652062910,898
2019-03-20$12.47$0.0021.3%7.6%16.2%22.7%0.0%3.2%5.2%-100.6K473.1K-10.2K7.2099.0853663410,908
2019-03-21$12.64$0.0023.0%7.5%16.3%26.9%0.0%2.5%3.1%-88.4K331.8K-9.4K1.2092.10303663410,923
2019-03-22$12.35$0.0022.8%7.5%18.3%26.4%0.0%4.0%3.5%-108.5K575.4K-10.1K1.2099.37303665910,923
2019-03-25$12.32$0.0025.1%7.7%18.2%32.0%0.0%4.1%1.9%-112.6K630.5K-11.1K0.0097.307065910,923
2019-03-26$12.49$0.0022.9%7.8%17.4%26.6%0.0%3.4%4.4%-98.3K406.2K-9.1K0.0098.537066210,923
2019-03-27$12.49$0.0022.3%7.8%17.3%25.1%0.0%9.1%4.6%-93.9K354.8K-8.6K0.0098.247066210,923
2019-03-28$12.62$0.0022.2%7.7%17.4%25.0%0.0%8.3%4.5%-91.2K301.7K-9.1K0.0097.657066210,923
2019-03-29$12.66$0.0022.8%7.5%17.4%26.5%0.0%-1.1%3.4%-80.0K176.5K-7.8K2.1498.6471566210,923