GPK Options History — July 2020

In July 2020, GPK traded between $13.66 and $14.57. ATM implied volatility averaged 38.9%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 8.1% (HV 20d: 30.8%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.24.

Notable Days

  • 2020-07-22: Highest Volume — 2,044 contracts
  • 2020-07-09: Largest IV spike — 169.3% change
  • 2020-07-09: Highest IV Rank — 100.0%
  • 2020-07-08: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.14$13.66$14.57$13.93$13.95
Max Pain$12.73$12.50$15.00$15.00$12.50
ATM IV38.9%25.5%105.3%46.2%31.6%
Expected Move10.9%7.9%20.4%13.3%9.1%
HV 20d30.8%24.3%40.2%40.0%27.1%
HV 60d41.8%40.9%42.4%41.8%41.7%
IV Rank29.8%15.5%100.0%38.2%22.0%
IV Percentile65.0%36.5%100.0%84.9%55.2%
Term Structure4.5%-15.1%68.1%12.6%2.6%
VWIV35.8%21.5%67.7%21.5%28.3%
Skew 25d-4.3%-133.4%26.3%26.3%-3.0%
Skew 10d-4.5%-119.0%31.2%12.3%-1.0%
Call IV 25d45.2%22.2%189.1%22.2%32.3%
Put IV 25d40.9%20.6%128.1%48.5%29.3%
Bid-Ask Spread %86.4115.87129.0351.5780.25
Gamma HHI0.640.480.900.550.56
Net GEX7.4K-89.0K170.2K-48.4K77.6K
Net DEX2.1M-141.3K3.5M3.0M2.1M
Net VEX-21.1K-24.4K-17.4K-22.6K-20.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.0016.5716.570.02
Total Volume334.54562,04424648
Total OI12,752.40911,60214,30511,76514,305

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-07-01$13.93$15.0046.2%13.3%40.0%38.2%21.5%26.3%12.6%-48.4K3.0M-22.6K16.5751.57142323,5988,167
2020-07-02$14.14$15.0039.5%11.3%40.2%30.9%27.1%8.3%7.9%-62.5K2.5M-21.5K0.00111.88603,6018,395
2020-07-06$14.17$12.5054.4%10.5%38.7%47.0%44.3%-32.8%9.0%-51.5K3.0M-19.4K4.06119.041124553,6008,395
2020-07-07$13.86$12.5042.1%19.4%38.4%33.7%67.7%-4.4%-15.1%-54.7K2.7M-21.6K0.14129.031423,5828,392
2020-07-08$14.06$12.5039.1%20.4%38.6%30.5%54.8%-133.4%-1.8%-67.4K2.5M-21.5K0.01128.5211513,5968,392
2020-07-09$13.72$12.50105.3%13.5%37.2%100.0%44.5%12.1%-0.2%-89.0K3.5M-20.9K1.52101.681352053,6068,393
2020-07-10$14.06$12.5025.5%11.4%29.7%15.5%39.8%7.3%6.3%-69.3K3.2M-20.9K0.00114.381303,7408,599
2020-07-13$13.66$12.5049.8%10.2%31.4%41.2%39.1%6.9%68.1%-49.5K3.4M-19.0K0.02117.915813,7438,599
2020-07-14$13.98$12.5041.0%11.2%29.4%31.9%41.3%5.1%-1.6%-68.2K3.0M-19.4K2.2996.2635803,7958,503
2020-07-15$14.18$12.5037.9%10.9%29.2%28.6%38.0%10.3%0.3%-36.4K2.7M-19.1K1.7485.691592763,8278,580
2020-07-16$14.27$12.5039.9%11.4%29.2%30.7%39.9%25.0%-2.7%-83.6K2.7M-18.5K0.0083.015303,8698,516
2020-07-17$14.27$12.5037.4%10.7%29.1%28.0%37.4%-6.7%10.6%-51.2K2.9M-17.4K0.00113.811,80313,8638,510
2020-07-20$14.16$12.5038.5%11.0%29.1%29.3%38.8%-0.4%-5.7%-13.7K1.8M-21.4K0.0262.43645144,7386,864
2020-07-21$14.12$12.5028.9%8.3%27.6%19.1%29.2%6.0%-5.7%3.8K1.5M-20.3K0.0278.2641095,3326,867
2020-07-22$14.35$12.5029.2%8.4%27.7%19.4%29.8%7.4%1.9%24.4K1.8M-20.2K0.0078.232,03865,2376,867
2020-07-23$14.35$12.5027.8%8.0%26.6%17.9%27.8%-3.9%2.9%121.5K605.7K-24.4K0.1574.161327,1676,870
2020-07-24$14.36$12.5028.3%8.1%26.0%18.4%28.3%-6.5%1.4%120.6K502.7K-24.4K0.0031.746707,1456,870
2020-07-27$14.55$12.5028.4%8.1%25.9%18.5%28.3%-3.5%1.9%155.2K-69.5K-24.0K0.0015.872207,1796,870
2020-07-28$14.38$12.5029.4%8.4%25.1%19.6%29.4%-5.9%0.8%134.7K475.5K-23.3K0.5458.5924137,1836,870
2020-07-29$14.57$12.5028.2%8.1%24.3%18.4%28.2%-2.5%2.1%170.2K-141.3K-23.4K0.0083.8323007,1936,870
2020-07-30$14.09$12.5027.6%7.9%27.4%17.7%23.6%-7.0%4.4%100.4K1.7M-21.4K0.2084.914187,3956,870
2020-07-31$13.95$12.5031.6%9.1%27.1%22.0%28.3%-3.0%2.6%77.6K2.1M-20.1K0.0280.254717,4326,873