GPK Options History — August 2020

In August 2020, GPK traded between $13.86 and $14.90. ATM implied volatility averaged 27.4%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 3.8% (HV 20d: 23.7%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.11.

Notable Days

  • 2020-08-21: Highest Volume — 2,199 contracts
  • 2020-08-31: Largest IV spike — 29.4% change
  • 2020-08-31: Highest IV Rank — 22.5%
  • 2020-08-31: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.45$13.86$14.90$14.20$14.07
Max Pain$14.64$12.50$15.00$12.50$15.00
ATM IV27.4%20.0%32.1%25.2%32.1%
Expected Move7.9%5.7%9.2%7.2%9.2%
HV 20d23.7%20.6%27.9%27.9%24.2%
HV 60d34.0%29.8%41.6%41.6%30.4%
IV Rank17.5%9.7%22.5%15.1%22.5%
IV Percentile41.4%15.5%61.1%33.7%61.1%
Term Structure3.4%-9.3%9.5%6.3%5.8%
VWIV29.6%16.2%51.5%25.2%34.9%
Skew 25d0.7%-14.5%19.0%1.7%5.4%
Skew 10d-1.4%-25.6%29.6%0.8%1.7%
Call IV 25d27.9%20.5%38.4%25.3%25.2%
Put IV 25d28.7%23.6%44.5%27.0%30.6%
Bid-Ask Spread %67.0117.90102.4583.6745.04
Gamma HHI0.780.570.910.750.68
Net GEX185.0K-31.9K372.9K194.7K95.1K
Net DEX812.6K-1.8M3.9M1.0M2.7M
Net VEX-17.6K-21.6K-10.3K-21.2K-14.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.110.0020.800.0020.80
Total Volume224.23852,19953109
Total OI14,198.85713,00814,62214,30814,062

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$14.20$12.5025.2%7.2%27.9%15.1%25.2%1.7%6.3%194.7K1.0M-21.2K0.0083.675307,4096,899
2020-08-04$14.39$12.5029.5%8.5%26.9%19.8%0.0%-0.8%0.7%173.4K667.4K-21.2K0.1245.462537,4376,899
2020-08-05$14.56$12.5028.7%8.2%26.8%18.8%28.7%-2.1%1.0%211.7K-52.5K-21.6K0.0023.987807,4376,899
2020-08-06$14.47$15.0029.2%8.6%25.2%19.4%41.2%-5.3%4.3%198.5K399.7K-20.6K0.0047.465507,4686,899
2020-08-07$14.72$15.0028.2%8.7%24.4%18.3%30.2%11.8%3.1%258.9K-790.8K-21.2K0.0257.048227,4756,899
2020-08-10$14.69$15.0029.3%8.3%21.6%19.5%28.6%-14.5%4.3%279.3K-618.8K-20.1K0.5541.9244247,4846,900
2020-08-11$14.90$15.0030.1%8.5%20.7%20.3%29.8%0.6%5.2%313.0K-1.8M-20.2K0.0395.4311947,4876,911
2020-08-12$14.80$15.0029.9%8.6%20.6%20.1%26.7%19.0%-9.3%307.2K-1.2M-19.3K0.0095.355407,4856,915
2020-08-13$14.77$15.0028.7%8.2%20.6%18.9%28.7%-1.1%5.1%345.2K-800.0K-18.8K0.01101.278717,4876,915
2020-08-14$14.82$15.0030.1%8.6%20.6%20.4%30.2%2.9%-2.4%372.9K-1.1M-19.0K0.0093.1912707,4516,916
2020-08-17$14.65$15.0030.0%8.6%20.9%20.3%30.0%1.1%6.4%299.4K164.6K-16.9K0.4633.85160737,4716,914
2020-08-18$14.34$15.0027.3%7.8%22.4%17.4%27.4%-5.7%8.4%116.6K2.2M-14.3K0.2779.701137,5696,895
2020-08-19$14.19$15.0026.6%7.6%21.9%16.6%26.7%-3.1%6.4%148.0K2.4M-13.1K0.0382.513717,5726,895
2020-08-20$13.90$15.0027.1%7.8%23.1%17.2%26.3%-3.1%4.6%-31.9K3.9M-10.3K0.0292.8016137,5866,884
2020-08-21$13.86$15.0022.0%6.3%23.1%11.8%16.2%3.2%6.2%-28.2K3.5M-11.8K0.00102.452,19457,7386,884
2020-08-24$14.43$15.0025.7%7.4%27.1%15.7%25.8%-0.2%1.9%119.6K1.4M-16.7K20.0482.06275416,9966,012
2020-08-25$14.39$15.0026.6%7.6%26.7%16.6%51.5%-0.7%-1.1%114.5K1.8M-16.7K0.0082.5615507,0056,483
2020-08-26$14.44$15.0020.0%5.7%26.3%9.7%0.0%7.0%9.5%134.2K272.8K-18.3K0.0084.7322207,1506,483
2020-08-27$14.47$15.0024.6%7.1%23.3%14.5%24.7%-0.2%2.1%137.9K1.6M-17.4K1.9018.76841607,3656,483
2020-08-28$14.45$15.0024.8%7.1%22.9%14.8%0.0%-0.2%3.5%125.5K1.5M-17.4K0.0017.90507,4146,643
2020-08-31$14.07$15.0032.1%9.2%24.2%22.5%34.9%5.4%5.8%95.1K2.7M-14.4K20.8045.0451047,4196,643