GPK Options History — May 2019

In May 2019, GPK traded between $12.69 and $14.07. ATM implied volatility averaged 32.5%, placing in the 50.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 4.2% (HV 20d: 28.3%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.14.

Notable Days

  • 2019-05-02: Highest Volume — 29,050 contracts
  • 2019-05-03: Largest IV spike — 34.3% change
  • 2019-05-14: Highest IV Rank — 84.5%
  • 2019-05-13: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.30$12.69$14.07$13.73$12.94
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV32.5%24.4%46.4%24.4%32.9%
Expected Move9.5%7.0%11.6%7.0%9.4%
HV 20d28.3%22.9%33.7%30.2%23.2%
HV 60d23.1%21.9%24.1%22.0%24.1%
IV Rank50.4%30.4%84.5%30.4%51.2%
IV Percentile79.0%47.2%99.6%47.2%81.3%
Term Structure-0.3%-5.5%9.6%-5.5%-1.2%
VWIV39.3%26.4%48.5%26.4%44.4%
Skew 25d-6.3%-16.1%2.9%2.9%-9.5%
Skew 10d-8.9%-19.9%13.6%4.8%-12.1%
Call IV 25d38.9%18.9%44.6%18.9%42.7%
Put IV 25d32.6%21.8%40.1%21.8%33.2%
Bid-Ask Spread %50.218.5685.9780.5672.09
Gamma HHI0.830.350.930.350.93
Net GEX382.3K-12.6K613.8K11.4K419.6K
Net DEX-7.1M-11.0M-466.7K-624.5K-7.1M
Net VEX-52.8K-75.5K-2.4K-2.4K-58.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.001.380.080.13
Total Volume2,4234229,05042731
Total OI32,148.68211,87538,86611,88138,866

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$13.73$12.5024.4%7.0%30.2%30.4%26.4%2.9%-5.5%11.4K-624.5K-2.4K0.0880.5639390710,974
2019-05-02$13.74$12.5026.7%7.6%30.2%35.9%39.7%-16.1%9.6%-12.6K-466.7K-4.1K0.0185.9728,64440690110,974
2019-05-03$14.07$12.5035.8%10.3%30.8%58.5%38.3%-14.3%-4.3%460.4K-8.9M-53.0K0.1246.072,96934616,32111,330
2019-05-06$14.01$12.5043.8%10.6%29.1%78.3%37.1%1.1%-3.2%475.7K-9.4M-55.6K0.0869.211,0408217,55311,349
2019-05-07$13.62$12.5031.7%10.7%31.2%48.3%40.0%-4.7%-3.2%396.8K-7.9M-53.5K0.0956.959948617,64511,380
2019-05-08$13.57$12.5032.6%10.4%31.3%50.6%38.8%-2.8%1.6%405.3K-7.8M-52.8K0.1963.5358211117,86911,384
2019-05-09$13.59$12.5029.5%11.3%31.1%42.9%40.2%-1.2%-2.0%385.3K-7.9M-53.6K0.1582.3282612818,16711,409
2019-05-10$13.62$12.5030.0%10.8%31.0%44.3%40.1%-2.5%-0.4%417.5K-8.5M-55.6K0.0270.68349618,75111,481
2019-05-13$13.48$12.5036.0%11.6%30.8%58.9%44.4%-4.5%-1.3%371.8K-7.8M-54.7K0.0056.06900218,75111,481
2019-05-14$13.46$12.5046.4%10.7%30.7%84.5%39.4%-6.0%1.3%429.7K-8.2M-55.3K1.3856.2430041519,62111,486
2019-05-15$13.43$12.5033.9%9.7%30.4%53.8%42.2%-4.2%5.9%435.6K-7.6M-53.5K0.0048.727,570219,54911,486
2019-05-16$13.53$12.5034.6%9.9%30.2%55.5%37.8%-3.0%-0.8%613.8K-11.0M-75.5K0.0143.85353426,15911,485
2019-05-17$13.12$12.5030.0%8.6%32.4%44.1%40.0%-5.6%4.6%491.1K-8.5M-66.3K0.0031.961,476626,26311,484
2019-05-20$12.80$12.5032.3%9.3%33.7%50.0%34.7%-7.3%-1.3%388.7K-7.0M-61.2K0.0815.313833025,55211,465
2019-05-21$13.07$12.5029.9%8.6%24.4%44.0%32.5%-5.3%-0.2%457.1K-7.7M-62.0K0.088.563613025,61211,495
2019-05-22$12.86$12.5030.5%8.7%24.7%45.3%40.0%-7.8%-0.4%391.6K-6.9M-60.3K0.0417.941,0224125,63611,495
2019-05-23$12.69$12.5028.6%8.2%25.0%40.6%37.3%-7.8%0.8%341.2K-6.1M-54.7K0.0314.591,2284126,25011,506
2019-05-24$12.80$12.5030.9%8.8%23.7%46.3%35.2%-8.6%-1.7%390.6K-6.5M-59.2K0.1351.824085326,54011,506
2019-05-28$12.73$12.5030.2%8.7%23.3%44.8%48.5%-10.8%-0.5%352.5K-6.1M-54.2K0.0150.82286226,70011,514
2019-05-29$12.82$12.5032.1%9.2%22.9%49.4%43.7%-10.5%-2.0%379.1K-6.3M-57.1K0.2528.1841410426,79611,515
2019-05-30$12.93$12.5032.9%9.4%23.2%51.2%44.0%-9.4%-2.5%408.0K-6.8M-58.0K0.2453.1142910427,04811,615
2019-05-31$12.94$12.5032.9%9.4%23.2%51.2%44.4%-9.5%-1.2%419.6K-7.1M-58.4K0.1372.096478427,25111,615