GPK Options History — October 2019

In October 2019, GPK traded between $14.12 and $15.69. ATM implied volatility averaged 28.0%, placing in the 36.6% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 8.7% (HV 20d: 19.4%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.27.

Notable Days

  • 2019-10-11: Highest Volume — 5,028 contracts
  • 2019-10-22: Largest IV drop — 26.6% change
  • 2019-10-21: Highest IV Rank — 59.0%
  • 2019-10-21: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.84$14.12$15.69$14.43$15.62
Max Pain$14.78$12.50$15.00$12.50$15.00
ATM IV28.0%21.1%36.7%28.2%25.1%
Expected Move8.4%6.2%10.5%8.1%7.2%
HV 20d19.4%17.8%21.8%18.3%17.8%
HV 60d25.1%22.9%27.1%26.9%23.3%
IV Rank36.6%18.9%59.0%36.9%29.0%
IV Percentile48.8%5.2%92.5%50.0%35.7%
Term Structure-1.3%-6.7%4.2%4.2%-0.9%
VWIV29.4%20.0%41.4%28.2%24.7%
Skew 25d0.9%-8.5%10.7%-6.0%4.2%
Skew 10d2.6%-22.7%42.1%-22.7%9.8%
Call IV 25d28.9%19.0%41.1%31.4%21.5%
Put IV 25d29.8%23.2%43.9%25.3%25.6%
Bid-Ask Spread %73.4010.0698.2091.5918.17
Gamma HHI0.750.650.930.730.90
Net GEX668.6K539.9K904.6K727.6K539.9K
Net DEX-15.5M-19.0M-13.1M-15.1M-17.5M
Net VEX-35.1K-48.4K-20.0K-48.0K-20.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.004.670.000.00
Total Volume629.17485,0289551
Total OI19,693.91317,55322,31721,42617,553

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-10-01$14.43$12.5028.2%8.1%18.3%36.9%28.2%-6.0%4.2%727.6K-15.1M-48.0K0.0091.5995020,444982
2019-10-02$14.38$12.5030.4%8.7%18.4%42.7%30.4%-5.5%1.8%708.8K-14.8M-48.4K0.0093.34156020,460982
2019-10-03$14.26$15.0027.0%9.0%18.3%34.0%0.0%6.9%-1.9%699.8K-13.8M-46.4K0.0091.9640020,418982
2019-10-04$14.39$15.0021.1%9.3%18.5%18.9%0.0%-5.9%-3.4%751.5K-14.5M-45.7K0.0098.2018020,426982
2019-10-07$14.36$15.0022.3%9.2%18.1%21.7%0.0%10.7%-1.9%737.2K-14.4M-44.6K0.0079.2417020,413982
2019-10-08$14.12$15.0026.2%9.6%19.2%31.9%33.3%5.5%-1.5%671.6K-13.2M-44.1K0.0093.69965020,406982
2019-10-09$14.26$15.0031.8%9.1%18.9%46.4%31.8%7.4%-0.8%724.5K-14.1M-46.2K4.6791.3162821,310982
2019-10-10$14.30$15.0033.3%9.6%18.9%50.3%0.0%0.9%-3.5%789.4K-14.1M-45.0K0.1492.847121,3161,000
2019-10-11$14.62$15.0032.6%9.3%20.1%48.3%32.6%-7.0%-4.2%904.6K-16.5M-45.5K0.0093.065,026221,3161,001
2019-10-14$14.61$15.0031.8%9.1%19.8%46.3%31.8%-8.5%-2.7%700.7K-13.6M-34.3K0.8390.99463817,2931,003
2019-10-15$14.52$15.0031.1%8.9%19.8%44.4%31.1%-4.0%-2.5%649.5K-13.1M-34.5K0.0089.4556017,3011,002
2019-10-16$14.55$15.0031.6%9.1%19.8%45.9%0.0%-7.3%-4.0%686.3K-13.2M-33.4K0.0091.6927017,2561,002
2019-10-17$14.64$15.0029.6%8.5%19.7%40.7%29.6%-5.3%-1.4%727.9K-13.7M-33.6K0.0089.5630017,2291,002
2019-10-18$14.68$15.0032.0%9.2%19.4%46.7%29.2%0.8%-3.2%583.5K-13.6M-32.7K0.0084.611,702017,2321,001
2019-10-21$14.89$15.0036.7%10.5%19.3%59.0%37.1%2.9%-6.7%580.1K-14.9M-33.1K0.2074.8753210917,699994
2019-10-22$15.35$15.0027.0%7.7%21.3%33.8%27.0%10.7%-0.4%650.5K-17.9M-29.8K0.0792.759426718,2901,181
2019-10-23$15.56$15.0026.6%7.6%21.5%32.8%26.5%-0.8%-1.3%634.9K-18.7M-27.1K0.1485.781912717,9281,225
2019-10-24$15.43$15.0025.6%7.4%21.8%30.4%25.6%5.6%1.1%625.3K-17.8M-28.3K0.0026.8859017,9251,231
2019-10-25$15.61$15.0023.9%6.9%20.4%26.0%23.9%4.9%1.0%629.8K-19.0M-24.7K0.0070.583,3441417,9011,231
2019-10-28$15.69$15.0021.6%6.2%20.2%20.1%20.0%2.5%2.3%555.0K-18.5M-20.3K0.0110.067131016,7191,238
2019-10-29$15.57$15.0025.5%7.3%18.0%30.0%25.5%4.3%0.0%548.7K-17.2M-21.5K0.0125.80129116,3421,238
2019-10-30$15.47$15.0023.8%6.8%18.2%25.8%41.4%2.5%0.4%551.1K-16.7M-20.7K0.0511.7621116,3221,238
2019-10-31$15.62$15.0025.1%7.2%17.8%29.0%24.7%4.2%-0.9%539.9K-17.5M-20.0K0.0018.1751016,3141,239