GPK Options History — December 2019

In December 2019, GPK traded between $16.34 and $16.89. ATM implied volatility averaged 16.7%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 1.6% (HV 20d: 15.1%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.66.

Notable Days

2019-12-11: Highest Volume — 4,344 contracts
2019-12-09: Largest IV spike — 59.5% change
2019-12-10: Highest IV Rank — 33.0%
2019-12-12: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.63	$16.34	$16.89	$16.38	$16.70
Max Pain	$15.71	$12.50	$17.50	$12.50	$17.50
ATM IV	16.7%	10.9%	25.6%	17.5%	12.7%
Expected Move	4.6%	3.1%	5.6%	5.0%	3.6%
HV 20d	15.1%	13.8%	16.9%	15.1%	13.8%
HV 60d	16.7%	15.5%	17.5%	17.0%	15.5%
IV Rank	9.6%	0.0%	33.0%	10.4%	4.7%
IV Percentile	7.9%	0.0%	44.0%	5.6%	1.2%
Term Structure	6.5%	3.0%	13.7%	3.1%	12.3%
VWIV	18.2%	15.9%	20.7%	18.5%	15.9%
Skew 25d	6.1%	-5.3%	122.7%	3.5%	5.6%
Skew 10d	4.9%	-13.4%	152.4%	3.5%	8.6%
Call IV 25d	17.2%	11.8%	20.9%	15.8%	14.2%
Put IV 25d	23.3%	13.2%	141.3%	19.3%	19.8%
Bid-Ask Spread %	83.97	73.53	99.93	73.53	83.57
Gamma HHI	0.57	0.49	0.62	0.60	0.60
Net GEX	53.1K	46.3K	65.0K	51.9K	49.8K
Net DEX	-7.0M	-14.1M	-1.6M	-13.8M	-1.7M
Net VEX	-3.8K	-4.3K	-3.3K	-4.2K	-3.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.00	10.00	0.31	1.50
Total Volume	275.762	0	4,344	42	0
Total OI	5,665.524	1,529	10,279	10,269	1,549

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-12-02	$16.38	$12.50	17.5%	5.0%	15.1%	10.4%	0.0%	3.5%	3.1%	51.9K	-13.8M	-4.2K	0.31	73.53	32	10	9,146	1,123
2019-12-03	$16.34	$12.50	17.4%	5.0%	14.4%	10.1%	0.0%	1.6%	5.3%	51.6K	-13.8M	-4.3K	0.00	73.75	27	0	9,146	1,133
2019-12-04	$16.38	$12.50	17.3%	5.0%	14.1%	9.7%	0.0%	1.0%	4.5%	50.5K	-13.8M	-4.1K	0.00	74.68	46	0	9,143	1,133
2019-12-05	$16.60	$15.00	17.3%	4.2%	14.7%	9.6%	0.0%	4.9%	6.1%	54.9K	-14.1M	-3.9K	0.00	86.47	113	0	9,122	1,133
2019-12-06	$16.68	$15.00	15.2%	5.3%	14.7%	3.8%	18.5%	-1.9%	4.2%	55.9K	-14.1M	-4.0K	0.00	82.80	108	0	9,116	1,133
2019-12-09	$16.59	$15.00	24.2%	5.2%	14.8%	29.1%	0.0%	-1.7%	5.3%	56.4K	-14.0M	-4.0K	0.00	85.05	27	0	9,113	1,133
2019-12-10	$16.41	$15.00	25.6%	5.1%	15.2%	33.0%	20.7%	-5.3%	3.0%	52.7K	-13.8M	-4.1K	0.03	85.60	33	1	9,102	1,133
2019-12-11	$16.69	$15.00	17.1%	4.9%	16.2%	9.1%	0.0%	122.7%	5.1%	59.1K	-13.4M	-3.9K	0.00	99.93	4,344	0	8,677	1,133
2019-12-12	$16.70	$15.00	19.4%	5.6%	15.3%	15.7%	0.0%	-2.8%	4.4%	65.0K	-3.8M	-4.0K	0.04	87.66	49	2	2,911	1,133
2019-12-13	$16.47	$15.00	18.2%	5.2%	16.1%	12.4%	0.0%	-1.9%	5.8%	58.1K	-3.7M	-4.1K	0.00	90.49	40	0	2,918	1,135
2019-12-16	$16.64	$15.00	15.2%	4.3%	16.5%	3.7%	17.7%	-4.9%	5.2%	54.8K	-3.8M	-3.6K	0.03	85.44	145	5	2,899	1,135
2019-12-17	$16.82	$15.00	16.0%	4.6%	16.9%	6.0%	15.9%	0.1%	7.5%	61.8K	-3.9M	-3.7K	0.02	87.95	126	3	2,899	1,135
2019-12-18	$16.89	$17.50	16.9%	4.8%	16.8%	8.6%	0.0%	0.5%	6.3%	57.6K	-3.9M	-3.6K	0.00	80.46	134	0	2,901	1,137
2019-12-19	$16.62	$17.50	15.8%	4.5%	15.3%	5.5%	0.0%	-5.2%	4.2%	47.5K	-3.7M	-3.7K	0.00	86.67	163	0	2,903	1,137
2019-12-20	$16.70	$17.50	18.1%	5.2%	15.3%	11.9%	0.0%	-4.0%	4.4%	48.0K	-3.4M	-3.6K	0.01	85.66	354	2	2,706	1,132
2019-12-23	$16.78	$17.50	14.1%	4.1%	15.1%	0.9%	0.0%	-0.3%	6.6%	47.7K	-1.7M	-3.5K	10.00	82.69	1	10	1,427	102
2019-12-24	$16.81	$17.50	17.9%	5.1%	15.0%	11.6%	0.0%	1.0%	6.0%	48.2K	-1.7M	-3.3K	0.00	83.44	10	0	1,428	102
2019-12-26	$16.76	$17.50	10.9%	3.1%	14.2%	0.0%	0.0%	5.9%	13.7%	49.2K	-1.7M	-3.5K	0.00	82.97	0	0	1,457	102
2019-12-27	$16.70	$17.50	11.5%	3.3%	13.8%	1.5%	0.0%	5.1%	13.3%	48.5K	-1.7M	-3.4K	1.50	83.39	2	3	1,457	102
2019-12-30	$16.63	$17.50	12.6%	3.6%	13.8%	4.3%	0.0%	4.2%	11.3%	46.3K	-1.6M	-3.8K	0.00	81.23	0	1	1,455	95
2019-12-31	$16.70	$17.50	12.7%	3.6%	13.8%	4.7%	0.0%	5.6%	12.3%	49.8K	-1.7M	-3.4K	0.00	83.57	0	0	1,455	94