GPK Options History — October 2020

In October 2020, GPK traded between $13.28 and $14.68. ATM implied volatility averaged 29.6%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 4.5% (HV 20d: 25.1%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 9.10.

Notable Days

  • 2020-10-14: Highest Volume — 10,061 contracts
  • 2020-10-14: Largest IV spike — 61.5% change
  • 2020-10-29: Highest IV Rank — 31.7%
  • 2020-10-29: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.11$13.28$14.68$13.97$13.28
Max Pain$14.43$12.50$15.00$15.00$15.00
ATM IV29.6%19.2%40.8%27.5%37.1%
Expected Move9.2%5.5%11.7%7.9%10.6%
HV 20d25.1%19.3%27.7%27.7%26.3%
HV 60d25.6%25.0%26.4%26.2%26.1%
IV Rank19.9%8.9%31.7%17.6%27.8%
IV Percentile46.9%13.5%77.8%38.5%68.7%
Term Structure0.8%-3.9%16.9%9.7%-0.5%
VWIV32.5%21.1%40.8%33.3%36.7%
Skew 25d0.3%-16.2%16.0%6.5%11.2%
Skew 10d-2.1%-26.7%19.4%-10.1%14.6%
Call IV 25d32.7%22.4%41.9%26.5%25.9%
Put IV 25d33.0%22.0%40.7%33.0%37.1%
Bid-Ask Spread %94.0678.66110.00110.0092.33
Gamma HHI0.600.470.960.490.56
Net GEX-138.0K-1.0M-34.9K-38.5K-98.8K
Net DEX4.4M2.4M12.3M3.6M5.3M
Net VEX-10.5K-16.4K-7.0K-10.4K-8.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.100.00167.000.0311.00
Total Volume692.455210,06134120
Total OI9,962.9558,47718,3019,3709,655

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-10-01$13.97$15.0027.5%7.9%27.7%17.6%33.3%6.5%9.7%-38.5K3.6M-10.4K0.03110.003314,2665,104
2020-10-02$14.11$15.0019.2%5.5%27.1%8.9%21.1%3.8%16.9%-34.9K4.1M-8.4K0.0095.84024,2685,105
2020-10-05$14.41$12.5029.4%10.0%27.2%19.6%35.0%4.3%-0.7%-182.2K2.7M-10.6K0.00100.72304,2685,106
2020-10-06$14.23$12.5033.0%10.1%25.0%23.5%35.2%-0.8%-2.0%-68.9K3.1M-9.9K0.03100.573814,2715,106
2020-10-07$14.59$12.5023.2%10.0%26.4%13.0%36.9%11.7%-0.1%-148.0K2.4M-10.7K2.8193.04722024,3075,105
2020-10-08$14.51$12.5025.3%10.0%25.6%15.2%34.9%10.3%-1.1%-124.7K2.7M-10.4K0.0085.7911404,3625,254
2020-10-09$14.40$12.5029.8%10.4%25.6%20.0%36.9%-15.0%-0.0%-105.9K3.3M-9.5K1.07103.841531644,3675,254
2020-10-12$14.53$15.0023.6%9.3%25.0%13.5%32.4%3.7%-0.1%-118.8K4.0M-8.3K0.4594.5931144,5015,418
2020-10-13$14.52$15.0020.8%9.7%25.0%10.5%34.0%-4.5%-1.1%-58.4K4.5M-7.3K0.0085.774304,5125,428
2020-10-14$14.47$15.0033.5%9.6%25.1%24.0%33.5%0.4%-2.1%-36.0K4.6M-7.0K3.9789.432,0248,0374,5355,428
2020-10-15$14.68$15.0032.9%9.4%25.1%23.3%32.9%-16.2%-1.1%-1.0M12.3M-16.4K1.1492.23784,83613,465
2020-10-16$14.48$15.0032.4%9.3%25.7%22.8%32.1%-14.6%-0.9%-110.0K8.1M-14.7K2.3584.3131734,8379,451
2020-10-19$14.36$15.0034.2%9.8%19.3%24.7%32.0%-7.1%-2.7%-107.0K2.7M-13.9K0.2378.66120273,0775,400
2020-10-20$13.82$15.0029.3%8.4%24.2%19.5%29.6%3.1%3.0%-101.5K4.2M-10.8K0.1594.08155243,1775,428
2020-10-21$13.65$15.0030.6%8.8%24.5%20.9%31.7%2.3%7.0%-83.2K4.5M-9.7K0.1594.992,6473953,2225,435
2020-10-22$13.88$15.0031.2%8.9%24.4%21.5%40.8%-2.6%-2.9%-96.9K4.1M-11.3K0.0097.565303,2225,785
2020-10-23$13.97$15.0024.3%7.0%23.5%14.2%26.4%-3.2%2.7%-126.9K3.8M-11.8K0.0093.656903,2445,865
2020-10-26$13.94$15.0023.9%6.8%23.5%13.8%27.8%-8.2%1.2%-97.9K3.5M-11.8K0.0697.863423,3075,865
2020-10-27$13.82$15.0031.0%8.9%23.5%21.3%36.9%4.2%-1.6%-99.6K4.2M-10.2K0.6790.79323,2855,863
2020-10-28$13.31$15.0039.2%11.2%26.5%30.0%0.0%1.5%-3.9%-85.7K4.8M-8.7K167.0097.0435013,2865,865
2020-10-29$13.39$15.0040.8%11.7%26.6%31.7%21.9%16.0%-2.9%-104.4K5.0M-9.7K0.0496.322713,2846,366
2020-10-30$13.28$15.0037.1%10.6%26.3%27.8%36.7%11.2%-0.5%-98.8K5.3M-8.6K11.0092.33101103,2906,365