GPK Options History — June 2019

In June 2019, GPK traded between $13.18 and $14.30. ATM implied volatility averaged 29.7%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 3.0% (HV 20d: 26.6%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.05.

Notable Days

  • 2019-06-04: Highest Volume — 1,977 contracts
  • 2019-06-24: Largest IV spike — 62.3% change
  • 2019-06-04: Highest IV Rank — 52.9%
  • 2019-06-04: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.85$13.18$14.30$13.18$14.03
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV29.7%17.7%33.6%33.4%25.0%
Expected Move8.4%5.1%9.6%9.6%7.2%
HV 20d26.6%22.4%29.5%22.4%27.2%
HV 60d26.1%24.3%27.0%24.3%27.0%
IV Rank43.4%13.9%52.9%52.6%31.8%
IV Percentile64.8%3.6%82.9%82.9%44.0%
Term Structure2.2%-9.9%14.0%-1.4%1.5%
VWIV32.8%24.4%47.5%47.5%24.4%
Skew 25d-7.0%-20.7%7.0%-9.8%-8.0%
Skew 10d-0.9%-15.0%31.7%-9.6%-14.6%
Call IV 25d33.3%27.6%43.4%43.4%30.1%
Put IV 25d26.4%17.1%40.9%33.5%22.0%
Bid-Ask Spread %45.8110.7096.6642.5090.68
Gamma HHI0.950.920.980.950.94
Net GEX744.0K421.9K1.2M482.8K577.0K
Net DEX-11.2M-15.2M-8.0M-8.0M-10.9M
Net VEX-67.9K-78.5K-56.9K-62.2K-64.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.360.000.22
Total Volume761.652631,977263737
Total OI36,268.7520,79142,36539,39421,447

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-06-03$13.18$12.5033.4%9.6%22.4%52.6%47.5%-9.8%-1.4%482.8K-8.0M-62.2K0.0042.50263027,69911,695
2019-06-04$13.86$12.5033.6%9.6%29.4%52.9%40.9%-17.3%-8.9%824.0K-12.4M-73.6K0.0026.661,977027,79811,695
2019-06-05$13.97$12.5032.8%9.4%27.6%51.2%38.8%2.6%-9.9%922.3K-14.0M-77.6K0.0111.391,0631029,01511,695
2019-06-06$14.03$12.5031.7%8.6%27.6%48.3%30.0%-7.7%2.3%977.8K-13.9M-75.8K0.0262.067281528,78411,694
2019-06-07$14.30$12.5033.4%8.4%28.2%52.7%29.5%7.0%2.9%1.2M-15.2M-78.5K0.0415.591,0124029,12311,689
2019-06-10$14.07$12.5032.8%9.3%29.0%51.0%33.0%4.5%3.0%1.0M-13.5M-74.2K0.0016.78600029,62811,669
2019-06-11$14.09$12.5033.0%9.0%28.7%51.5%32.9%1.3%3.3%1.0M-13.6M-73.5K0.0085.05817029,60511,669
2019-06-12$13.89$12.5032.0%9.2%29.3%49.1%33.6%1.2%0.6%970.6K-12.6M-71.8K0.0118.56989629,90711,669
2019-06-13$13.99$12.5030.8%8.8%29.3%46.2%31.2%-9.3%4.3%1.0M-13.2M-72.5K0.0171.091,4031029,80211,675
2019-06-14$13.86$12.5029.6%8.5%29.5%43.3%29.8%-9.2%4.8%630.5K-10.5M-67.4K0.0113.381,4431029,96811,675
2019-06-17$13.93$12.5030.8%8.8%27.0%46.1%31.1%-8.3%3.4%782.4K-11.0M-68.2K0.0314.323171030,69011,675
2019-06-18$14.07$12.5031.2%8.9%25.0%47.1%31.4%-9.2%0.9%873.6K-11.7M-68.3K0.0310.704721530,64811,665
2019-06-19$13.93$12.5028.3%8.1%24.7%40.0%28.7%5.6%2.8%766.8K-10.8M-66.7K0.0554.363731930,64611,660
2019-06-20$13.86$12.5030.8%8.8%23.9%46.0%31.1%-10.2%2.3%511.7K-9.9M-63.3K0.0440.354301930,65811,658
2019-06-21$13.69$12.5017.7%5.1%23.8%13.9%32.7%-20.7%14.0%492.3K-9.2M-62.8K0.0876.612792130,54211,658
2019-06-24$13.51$12.5028.8%8.2%24.4%41.2%39.6%-17.9%-1.0%449.3K-8.6M-58.8K0.0062.46368019,6681,123
2019-06-25$13.61$12.5025.0%7.2%24.3%31.8%34.6%-16.7%5.6%472.7K-8.8M-61.0K0.0012.48353019,8811,123
2019-06-26$13.39$12.5025.4%7.3%25.2%32.9%29.8%-3.5%13.6%421.9K-8.0M-56.9K0.0096.66937119,8761,123
2019-06-27$13.69$12.5027.4%7.8%26.1%37.7%25.7%-13.8%-1.2%511.4K-9.2M-61.3K0.3694.5136413220,3551,125
2019-06-28$14.03$12.5025.0%7.2%27.2%31.8%24.4%-8.0%1.5%577.0K-10.9M-64.5K0.2290.6860513220,3521,095