GPK Options History — August 2019

In August 2019, GPK traded between $12.73 and $14.66. ATM implied volatility averaged 29.4%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 3.1% (HV 20d: 32.5%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.26.

Notable Days

  • 2019-08-09: Highest Volume — 9,254 contracts
  • 2019-08-09: Largest IV spike — 106.4% change
  • 2019-08-09: Highest IV Rank — 86.9%
  • 2019-08-27: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.61$12.73$14.66$14.64$13.82
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV29.4%15.9%47.5%27.0%18.0%
Expected Move8.3%4.6%10.1%7.7%5.2%
HV 20d32.5%29.1%38.7%29.6%30.7%
HV 60d27.7%25.7%29.1%25.7%27.0%
IV Rank40.1%5.4%86.9%34.0%10.7%
IV Percentile57.8%1.2%99.6%51.2%3.2%
Term Structure0.7%-4.3%12.7%-1.8%8.2%
VWIV29.6%17.9%75.7%27.0%24.4%
Skew 25d6.5%-6.2%14.7%0.0%-0.1%
Skew 10d10.3%-9.4%24.0%-0.2%1.3%
Call IV 25d23.3%16.4%31.2%27.4%19.4%
Put IV 25d29.9%18.9%37.9%27.4%19.3%
Bid-Ask Spread %84.2974.0895.4781.8886.51
Gamma HHI0.670.490.980.980.63
Net GEX646.7K481.3K1.0M935.4K561.4K
Net DEX-10.4M-12.6M-4.3M-12.0M-11.1M
Net VEX-54.2K-58.0K-41.3K-56.9K-49.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.002.820.170.02
Total Volume726.364199,2541,000965
Total OI25,413.22721,12831,82922,73421,141

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$14.64$15.0027.0%7.7%29.6%34.0%27.0%0.0%-1.8%935.4K-12.0M-56.9K0.1781.8885514520,6032,131
2019-08-02$14.66$15.0025.7%7.4%29.6%30.6%25.7%0.7%0.3%1.0M-12.2M-58.0K0.6378.49483021,3722,133
2019-08-05$14.40$15.0028.1%8.2%30.3%36.9%28.6%8.0%1.5%852.6K-10.0M-54.1K0.0388.30218721,3522,132
2019-08-06$14.51$15.0021.5%7.4%30.3%19.8%25.9%6.6%3.7%956.3K-10.4M-53.9K0.0084.10315021,3432,131
2019-08-07$14.61$15.0032.1%8.2%30.3%47.1%27.6%-1.3%0.9%972.8K-11.7M-55.3K0.0074.0839021,5182,131
2019-08-08$14.09$15.0023.0%7.4%33.1%23.7%26.3%-6.2%3.6%646.4K-7.0M-46.8K2.8282.719025421,4942,131
2019-08-09$13.49$15.0047.5%8.9%36.5%86.9%26.6%3.3%-0.1%481.3K-4.3M-41.3K0.0184.589,1896521,4892,356
2019-08-12$13.09$15.0026.1%9.2%37.5%31.5%0.0%12.7%-0.3%541.1K-9.7M-57.8K0.0082.15107029,5632,204
2019-08-13$13.18$15.0033.4%8.6%37.2%50.4%30.4%-0.3%0.5%560.0K-10.0M-57.3K0.0089.0428029,5982,184
2019-08-14$12.73$15.0031.6%9.1%38.6%45.8%31.6%14.7%-0.3%497.9K-8.0M-54.5K0.8188.31635129,6102,184
2019-08-15$12.78$15.0031.6%9.0%38.7%45.7%31.9%11.6%0.2%496.9K-8.2M-54.5K0.0086.9963029,6262,201
2019-08-16$12.95$15.0030.6%8.8%37.2%43.2%0.0%5.3%0.3%513.8K-8.7M-53.6K0.0095.4757029,6282,201
2019-08-19$13.03$15.0030.2%8.7%37.4%42.2%23.2%5.5%-1.6%539.8K-10.2M-53.3K0.0082.1086023,0661,124
2019-08-20$13.27$15.0028.0%8.0%30.0%36.6%21.0%9.1%1.1%575.7K-11.6M-57.9K1.3384.65121623,0821,124
2019-08-21$13.36$15.0030.5%8.7%29.5%42.9%30.4%11.5%-2.3%589.7K-12.1M-57.2K0.0083.7039023,0701,130
2019-08-22$13.44$15.0032.3%9.2%29.6%47.5%17.9%11.0%-3.2%598.9K-12.6M-57.2K0.0084.7537023,0701,130
2019-08-23$13.27$15.0033.8%9.7%29.1%51.4%0.0%11.1%-2.3%564.6K-11.7M-57.2K0.0084.2326023,0351,130
2019-08-26$13.39$15.0033.3%9.6%29.5%50.3%0.0%12.6%-1.4%585.1K-12.2M-55.8K0.0084.2835023,0451,130
2019-08-27$13.45$15.0035.1%10.1%29.7%54.8%75.7%14.0%-4.3%586.5K-12.6M-57.9K0.0076.0419023,0581,130
2019-08-28$13.49$15.0031.2%8.9%29.6%44.8%0.0%11.1%0.7%602.9K-12.5M-55.1K0.0086.363,085223,0531,130
2019-08-29$13.82$15.0015.9%4.6%30.7%5.4%24.4%2.5%12.7%560.3K-10.4M-48.1K0.0085.6334019,9961,132
2019-08-30$13.82$15.0018.0%5.2%30.7%10.7%0.0%-0.1%8.2%561.4K-11.1M-49.2K0.0286.519442120,0091,132