GPK Options History — April 2019

In April 2019, GPK traded between $12.57 and $13.94. ATM implied volatility averaged 24.7%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 3.3% (HV 20d: 21.4%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 12.18.

Notable Days

  • 2019-04-26: Highest Volume — 253 contracts
  • 2019-04-26: Largest IV drop — 47.9% change
  • 2019-04-16: Highest IV Rank — 44.7%
  • 2019-04-16: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.12$12.57$13.94$12.76$13.89
Max Pain$12.63$12.50$15.00$15.00$12.50
ATM IV24.7%15.7%30.2%23.4%16.4%
Expected Move7.5%4.5%8.7%7.9%4.7%
HV 20d21.4%16.3%29.7%17.3%29.7%
HV 60d18.5%16.9%21.9%17.5%21.8%
IV Rank31.1%8.9%44.7%27.9%10.7%
IV Percentile45.5%2.0%79.4%37.3%3.2%
Term Structure-1.3%-17.9%9.5%4.0%5.9%
VWIV26.9%19.5%34.8%23.3%26.7%
Skew 25d2.9%-10.8%12.4%-1.6%4.9%
Skew 10d8.1%-14.6%22.3%-2.1%7.6%
Call IV 25d25.1%15.0%37.5%25.0%17.2%
Put IV 25d28.0%17.3%37.2%23.4%22.1%
Bid-Ask Spread %82.7731.4298.1098.1051.58
Gamma HHI0.710.340.990.910.35
Net GEX-37.2K-88.1K12.4K-80.2K12.4K
Net DEX-252.9K-686.2K203.0K177.3K-686.2K
Net VEX-4.7K-7.5K-2.1K-7.3K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.180.00200.00200.000.10
Total Volume100.7621025320133
Total OI11,803.09511,60011,97511,60011,891

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$12.76$0.0023.4%7.9%17.3%27.9%0.0%-1.6%4.0%-80.2K177.3K-7.3K200.0098.10120066210,938
2019-04-02$12.73$0.0022.4%7.9%17.3%25.3%23.3%-10.8%5.1%-70.1K34.6K-7.0K33.3397.44620066311,138
2019-04-03$12.78$15.0021.5%7.6%17.3%23.2%25.4%10.1%-1.0%-65.8K-15.3K-6.2K18.1896.141120066811,138
2019-04-04$12.97$12.5021.2%7.6%17.3%22.4%26.6%10.3%-0.8%-57.5K-81.1K-6.1K0.3890.5813567211,138
2019-04-05$12.66$12.5022.8%7.9%19.6%26.4%26.7%4.2%-2.3%-74.8K82.4K-7.0K0.1896.3938767411,133
2019-04-08$12.57$12.5023.5%7.6%18.8%28.2%25.9%3.5%-1.2%-88.1K203.0K-7.5K0.0694.8116168111,135
2019-04-09$12.64$12.5024.5%7.9%18.7%30.7%27.6%3.8%-2.9%-70.6K17.3K-6.1K0.3696.6622869611,135
2019-04-10$12.82$12.5027.6%7.9%19.3%38.2%27.5%3.2%-2.2%-52.9K-205.4K-5.1K0.4197.1722970311,142
2019-04-11$12.93$12.5027.5%7.9%19.3%38.0%27.4%2.2%-1.7%-42.2K-259.6K-4.6K0.1896.4050970311,141
2019-04-12$13.16$12.5029.5%8.5%20.1%43.0%29.4%1.2%-3.1%-29.0K-361.2K-4.0K0.0896.56113969611,141
2019-04-15$13.12$12.5029.7%8.5%19.2%43.4%29.5%0.8%-1.7%-37.2K-304.9K-4.4K0.0097.2410071411,141
2019-04-16$12.97$12.5030.2%8.7%19.1%44.7%30.2%-0.4%-2.6%-48.3K-215.3K-4.9K0.4897.90271371911,141
2019-04-17$12.86$12.5030.1%8.6%19.1%44.4%30.1%9.2%-2.9%-49.5K-176.2K-4.8K0.4391.931014373711,152
2019-04-18$12.93$12.5030.0%8.6%18.6%44.2%30.0%-3.1%-2.4%-30.9K-295.3K-4.9K0.2195.821122481011,165
2019-04-22$12.94$12.5029.4%8.4%16.3%42.7%29.3%6.9%-2.9%-18.9K-200.6K-3.9K0.0131.42140266010,941
2019-04-23$13.82$12.5018.1%5.2%27.7%14.8%19.5%2.7%7.0%25-625.6K-2.6K0.3476.80983376310,947
2019-04-24$13.68$12.5023.4%6.7%28.0%28.0%20.9%-1.6%-3.7%3.1K-569.1K-2.5K0.7752.79624874410,950
2019-04-25$13.65$12.5030.1%8.6%28.1%44.5%34.8%4.8%-17.9%3.4K-538.9K-2.6K0.2163.341342875010,965
2019-04-26$13.94$12.5015.7%4.5%28.7%8.9%21.0%12.4%9.5%7.8K-649.7K-2.1K0.1566.942203381810,966
2019-04-29$13.72$12.5021.1%6.1%29.6%22.3%25.3%-0.8%-10.3%8.7K-641.0K-2.5K0.0052.1015092310,971
2019-04-30$13.89$12.5016.4%4.7%29.7%10.7%26.7%4.9%5.9%12.4K-686.2K-2.2K0.1051.5830392010,971