GPK Options History — November 2020

In November 2020, GPK traded between $13.76 and $15.72. ATM implied volatility averaged 28.2%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 5.4% (HV 20d: 33.6%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 68.46.

Notable Days

  • 2020-11-13: Highest Volume — 8,038 contracts
  • 2020-11-09: Largest IV spike — 40.8% change
  • 2020-11-02: Highest IV Rank — 24.8%
  • 2020-11-02: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.88$13.76$15.72$13.76$15.36
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV28.2%21.3%34.3%34.3%29.0%
Expected Move8.1%6.5%9.8%9.8%8.3%
HV 20d33.6%28.5%38.1%28.5%31.6%
HV 60d29.2%26.9%30.5%26.9%28.8%
IV Rank18.3%11.1%24.8%24.8%19.2%
IV Percentile39.9%16.7%63.1%63.1%41.7%
Term Structure1.9%-2.3%13.4%-2.3%-0.6%
VWIV28.6%20.4%33.3%31.3%29.1%
Skew 25d4.1%-6.8%31.5%6.7%-4.6%
Skew 10d10.8%-9.5%117.2%6.3%-6.4%
Call IV 25d25.8%17.4%34.7%33.6%33.6%
Put IV 25d29.9%21.8%52.5%40.3%28.9%
Bid-Ask Spread %80.8754.7095.2957.8490.46
Gamma HHI0.780.500.980.500.96
Net GEX-267.2K-642.9K-91.9K-124.3K-370.5K
Net DEX2.3M-1.6M5.4M4.8M1.6M
Net VEX-9.3K-14.5K-5.6K-8.8K-9.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio68.460.001338.670.000.37
Total Volume519.1518,038781
Total OI10,767.158,54214,9269,8638,575

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-11-02$13.76$15.0034.3%9.8%28.5%24.8%31.3%6.7%-2.3%-124.3K4.8M-8.8K0.0057.84703,2906,573
2020-11-03$14.19$15.0033.0%9.5%30.5%23.4%33.3%-6.8%-0.3%-142.5K3.9M-10.5K0.0059.863603,2906,573
2020-11-04$13.78$15.0022.7%6.5%30.7%12.5%0.0%0.3%10.2%-91.9K5.4M-6.5K11.2791.50151693,2816,573
2020-11-05$14.15$15.0028.1%8.2%32.4%18.3%32.6%3.5%2.3%-141.7K4.4M-8.8K0.3387.49623,2966,731
2020-11-06$14.15$15.0021.3%7.9%32.3%11.1%27.7%3.5%1.8%-128.2K5.0M-7.4K0.0095.293603,2926,732
2020-11-09$14.61$15.0030.0%8.4%34.2%20.3%29.3%5.8%0.7%-191.1K2.8M-9.5K0.0388.4817363,3276,732
2020-11-10$14.64$15.0032.4%8.3%34.2%22.8%28.9%-2.4%0.3%-191.7K2.6M-9.5K0.0756.6111083,3106,730
2020-11-11$14.47$15.0027.7%7.9%34.4%17.8%27.7%-4.3%0.9%-181.2K4.7M-6.3K2.3355.206143,3196,730
2020-11-12$14.12$15.0027.5%7.9%35.0%17.6%27.7%-5.9%1.6%-101.4K5.2M-5.6K0.5093.10213,3166,744
2020-11-13$14.62$15.0028.3%8.1%37.0%18.4%28.3%0.6%2.2%-244.1K3.4M-7.4K1338.6794.4068,0323,3146,744
2020-11-16$15.03$15.0029.6%8.5%38.1%19.9%29.5%4.0%0.3%-642.9K3.5M-14.5K3.2982.10662173,31710,760
2020-11-17$15.39$15.0028.7%8.2%35.6%18.8%26.5%4.6%1.3%-484.4K-936.3K-11.3K0.2989.313801113,31610,918
2020-11-18$15.59$15.0029.5%8.5%35.1%19.8%29.6%6.7%-0.1%-362.2K-1.6M-10.7K9.0784.11544903,43511,018
2020-11-19$15.68$15.0022.9%6.6%34.9%12.7%28.7%11.3%13.4%-445.6K-143.3K-11.6K2.4588.69641573,42911,497
2020-11-20$15.65$15.0028.9%8.3%35.0%19.1%29.0%31.5%-0.1%-280.3K-1.6M-10.4K0.1954.704283,27711,639
2020-11-23$15.64$15.0027.1%7.8%34.9%17.1%27.1%5.8%-0.1%-308.4K847.2K-9.7K0.0789.356041,5856,957
2020-11-24$15.72$15.0024.0%6.9%34.5%13.9%20.4%8.1%7.5%-336.9K571.1K-8.9K0.0083.611301,6156,958
2020-11-25$15.53$15.0029.0%8.3%31.2%19.2%29.1%5.7%-0.7%-319.9K1.2M-9.8K0.2086.01511,6166,958
2020-11-27$15.53$15.0029.7%8.5%31.4%19.9%0.0%8.1%0.4%-255.3K794.3K-8.9K0.0089.36101,6186,958
2020-11-30$15.36$15.0029.0%8.3%31.6%19.2%0.0%-4.6%-0.6%-370.5K1.6M-9.1K0.3790.4659221,6176,958