GPK Options History — July 2019

In July 2019, GPK traded between $13.89 and $15.27. ATM implied volatility averaged 27.0%, placing in the 34.6% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 4.4% (HV 20d: 22.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.11.

Notable Days

  • 2019-07-23: Highest Volume — 7,360 contracts
  • 2019-07-10: Largest IV spike — 46.2% change
  • 2019-07-22: Highest IV Rank — 60.6%
  • 2019-07-22: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.42$13.89$15.27$14.02$14.94
Max Pain$13.07$12.50$15.00$12.50$15.00
ATM IV27.0%16.1%37.3%28.8%22.9%
Expected Move8.2%6.1%10.7%8.3%6.6%
HV 20d22.6%17.6%29.3%26.7%28.6%
HV 60d25.8%22.8%26.9%26.9%26.0%
IV Rank34.6%9.8%60.6%41.3%23.3%
IV Percentile49.0%2.4%94.0%59.1%25.0%
Term Structure-1.8%-7.9%3.9%0.9%1.6%
VWIV29.6%20.9%39.0%27.7%22.9%
Skew 25d-1.5%-10.5%6.6%-7.0%-0.3%
Skew 10d-1.1%-18.5%12.3%-18.5%-0.4%
Call IV 25d29.2%22.9%35.4%28.8%26.2%
Put IV 25d27.7%21.8%42.0%21.9%26.0%
Bid-Ask Spread %72.8310.00100.3192.9540.56
Gamma HHI0.970.960.980.960.98
Net GEX736.7K547.1K1.1M596.4K1.1M
Net DEX-12.2M-17.7M-9.0M-10.4M-14.5M
Net VEX-60.0K-64.7K-54.9K-63.1K-58.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.0011.340.121.33
Total Volume1,109.682277,360226245
Total OI22,093.18220,77425,06121,54622,791

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$14.02$12.5028.8%8.3%26.7%41.3%27.7%-7.0%0.9%596.4K-10.4M-63.1K0.1292.952012520,4511,095
2019-07-02$14.07$12.5023.5%6.8%20.1%28.3%30.9%1.6%1.3%606.0K-10.6M-62.6K0.15100.311632520,3931,112
2019-07-03$14.23$12.5021.5%6.2%20.3%23.3%26.4%5.8%3.9%655.9K-11.2M-63.0K0.0599.895222520,3651,112
2019-07-05$14.24$12.5017.1%8.7%20.3%12.3%30.5%-4.5%-1.7%656.7K-11.1M-62.4K0.0589.495563020,7461,112
2019-07-08$14.18$12.5016.1%8.9%19.1%9.8%0.0%-6.9%-1.7%617.8K-10.8M-61.2K0.0082.5534020,7231,107
2019-07-09$14.11$12.5021.1%8.9%18.3%18.8%31.3%-7.4%-2.3%626.8K-10.5M-60.7K0.0095.8361020,7131,107
2019-07-10$14.03$12.5030.9%8.9%18.4%43.9%31.1%2.4%-2.8%612.0K-9.9M-60.2K0.0083.8243020,6791,107
2019-07-11$14.10$12.5030.9%8.9%17.7%44.1%31.8%-8.8%-2.5%620.2K-10.3M-59.9K0.0089.6235020,6711,107
2019-07-12$14.16$12.5032.1%9.2%17.6%47.1%32.5%3.3%-4.9%637.4K-10.5M-60.0K0.0789.4767520,6941,107
2019-07-15$13.93$12.5033.1%9.5%18.3%49.7%33.3%-10.5%-5.2%599.0K-9.4M-56.4K0.0090.3832020,6721,113
2019-07-16$14.12$12.5032.2%9.2%18.8%47.4%32.3%-7.9%-4.5%650.8K-10.4M-58.8K0.0088.9774020,6801,113
2019-07-17$13.91$12.5032.7%9.4%19.3%48.6%36.2%2.0%-4.2%584.8K-9.4M-56.0K0.0089.8943020,6941,113
2019-07-18$13.89$12.5032.3%9.2%18.9%47.5%36.3%2.2%-2.7%547.1K-9.0M-54.9K0.0093.5227020,6761,113
2019-07-19$14.31$12.5035.5%10.2%21.6%55.8%35.5%-7.1%-6.6%605.7K-11.0M-59.6K0.0190.70939620,6761,113
2019-07-22$14.18$12.5037.3%10.7%21.3%60.6%39.0%6.6%-7.9%625.9K-10.7M-57.7K0.7463.952,7412,03619,775999
2019-07-23$15.06$12.5023.5%6.7%29.0%24.8%23.5%-1.2%0.7%1.1M-17.4M-64.7K0.4079.455,2552,10521,9933,068
2019-07-24$15.27$12.5025.1%7.2%29.2%29.0%25.1%0.4%-1.2%951.4K-17.7M-61.0K5.8778.514092,40020,5443,064
2019-07-25$15.01$15.0023.7%6.8%29.3%25.4%23.7%0.2%0.5%963.9K-15.2M-60.0K11.3410.002282,58620,2241,428
2019-07-26$15.15$15.0021.3%6.1%28.7%19.3%20.9%-1.2%2.7%958.5K-16.0M-60.1K2.3512.468732,05520,1581,997
2019-07-29$15.19$15.0025.4%7.3%27.7%29.9%25.4%1.1%-1.2%968.6K-16.6M-59.5K0.8727.4115913920,7862,007
2019-07-30$15.18$15.0026.2%7.5%27.7%31.8%26.2%3.6%-1.7%969.8K-16.3M-59.2K1.0712.4413013920,7212,131
2019-07-31$14.94$15.0022.9%6.6%28.6%23.3%22.9%-0.3%1.6%1.1M-14.5M-58.8K1.3340.5610514020,6602,131