GPK Options History — June 2020

In June 2020, GPK traded between $13.30 and $15.35. ATM implied volatility averaged 40.1%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 7.9% (HV 20d: 48.0%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 14.23.

Notable Days

  • 2020-06-15: Highest Volume — 8,122 contracts
  • 2020-06-30: Largest IV spike — 160.4% change
  • 2020-06-30: Highest IV Rank — 94.3%
  • 2020-06-30: Largest Expected Move — 28.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.14$13.30$15.35$14.48$13.97
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV40.1%27.6%98.2%37.0%98.2%
Expected Move11.4%7.8%28.2%10.6%28.2%
HV 20d48.0%38.5%55.4%54.5%41.0%
HV 60d50.2%43.9%55.0%55.0%43.9%
IV Rank31.5%18.1%94.3%28.2%94.3%
IV Percentile75.6%48.4%99.6%77.4%99.6%
Term Structure10.7%-5.3%111.8%-2.4%3.3%
VWIV40.5%27.1%109.8%37.1%37.0%
Skew 25d11.6%-3.7%58.1%9.8%39.3%
Skew 10d-4.4%-65.2%27.3%14.9%18.9%
Call IV 25d35.0%23.1%51.1%36.0%37.1%
Put IV 25d46.7%27.3%106.6%45.8%76.4%
Bid-Ask Spread %95.4241.55130.3471.32119.90
Gamma HHI0.710.470.880.750.66
Net GEX-158.7K-369.3K-30.5K-190.9K-55.1K
Net DEX3.4M863.9K5.6M3.2M3.1M
Net VEX-15.0K-22.8K-6.5K-11.7K-20.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio14.230.00261.000.470.58
Total Volume757.68208,1221771,197
Total OI9,544.5458,45410,8258,81410,825

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-06-01$14.48$15.0037.0%10.6%54.5%28.2%37.1%9.8%-2.4%-190.9K3.2M-11.7K0.4771.32120572,5296,285
2020-06-02$14.57$15.0033.0%9.5%54.1%23.9%33.0%-0.0%1.0%-211.2K3.1M-11.7K0.0263.6718442,6126,270
2020-06-03$14.91$15.0033.6%9.6%54.0%24.5%33.6%-0.5%-1.1%-249.2K2.0M-11.6K0.1073.24293302,4886,272
2020-06-04$14.67$15.0034.9%9.2%54.0%25.9%32.5%12.4%4.1%-251.1K3.0M-10.9K3.4141.551083682,2766,302
2020-06-05$15.07$15.0031.7%7.8%54.0%22.5%27.1%4.3%9.3%-309.1K1.7M-10.9K0.0083.3222402,2776,308
2020-06-08$15.35$15.0036.0%10.0%52.1%27.1%34.8%18.0%2.2%-307.8K863.9K-10.3K0.0069.087002,1696,308
2020-06-09$15.06$15.0034.6%10.0%52.6%25.6%34.7%17.1%0.7%-369.3K1.9M-9.6K0.4363.161462,1466,308
2020-06-10$14.49$15.0030.8%8.8%53.0%21.5%30.6%6.6%2.8%-289.4K3.9M-8.7K0.00123.662502,1496,313
2020-06-11$13.55$15.0047.1%13.5%55.4%39.1%38.8%6.6%-5.3%-121.2K5.1M-7.7K1.90111.1910192,1566,313
2020-06-12$13.41$15.0035.9%10.3%53.8%27.0%31.2%9.5%-0.9%-92.5K5.6M-6.5K8.50108.84121022,1606,317
2020-06-15$13.93$15.0039.7%11.4%54.8%31.1%37.7%-3.7%-0.1%-182.7K4.7M-7.6K261.00107.16318,0912,1656,380
2020-06-16$14.18$15.0038.1%10.9%46.8%29.4%46.6%1.9%-0.8%-123.7K4.1M-17.5K5.62113.88915112,1917,230
2020-06-17$14.12$15.0038.1%10.9%45.0%29.4%38.2%8.4%0.9%-137.3K4.6M-17.1K3.4996.73371292,2317,736
2020-06-18$14.03$15.0033.3%9.6%44.9%24.2%35.4%3.8%75.7%-151.6K4.9M-16.8K0.62103.332031252,2617,840
2020-06-19$13.95$15.0051.1%14.7%45.0%43.4%109.8%58.1%0.7%-77.0K4.7M-18.2K0.54130.342,0191,0882,4717,964
2020-06-22$13.61$15.0034.9%10.0%45.6%26.0%34.8%9.9%111.8%-83.4K2.8M-22.8K0.00101.373103,0377,736
2020-06-23$13.82$15.0027.6%7.9%38.5%18.1%47.6%11.9%7.8%-37.7K2.8M-22.4K10.16127.361261,2803,0547,736
2020-06-24$13.57$15.0036.7%10.5%38.6%27.8%0.0%7.8%12.0%-71.8K3.2M-22.5K0.00105.76003,0567,736
2020-06-25$13.39$15.0042.5%12.2%38.6%34.1%0.0%4.1%2.1%-72.9K3.7M-21.4K0.0088.762203,0567,736
2020-06-26$13.30$15.0049.3%14.1%38.6%41.5%49.4%21.7%-2.8%-76.8K3.6M-21.6K1.00100.78113,0547,736
2020-06-29$13.66$15.0037.7%10.8%40.2%29.0%39.9%8.4%15.1%-30.5K3.2M-21.0K1.0094.8420203,0557,736
2020-06-30$13.97$15.0098.2%28.2%41.0%94.3%37.0%39.3%3.3%-55.1K3.1M-20.7K0.58119.907564413,0697,756