GPK Options History — December 2020

In December 2020, GPK traded between $15.61 and $16.97. ATM implied volatility averaged 30.4%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 9.9% (HV 20d: 20.6%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.25.

Notable Days

  • 2020-12-07: Highest Volume — 729 contracts
  • 2020-12-04: Largest IV spike — 121.0% change
  • 2020-12-07: Highest IV Rank — 52.7%
  • 2020-12-02: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.40$15.61$16.97$15.61$16.97
Max Pain$16.43$15.00$17.50$15.00$17.50
ATM IV30.4%23.4%60.6%28.9%27.1%
Expected Move8.1%6.7%9.5%8.3%7.8%
HV 20d20.6%16.7%30.0%30.0%16.8%
HV 60d27.0%25.9%28.7%28.7%25.9%
IV Rank20.6%13.3%52.7%19.1%16.6%
IV Percentile38.6%14.7%93.7%40.9%25.4%
Term Structure1.6%-3.4%4.8%-0.4%1.5%
VWIV27.6%23.8%31.1%28.8%27.3%
Skew 25d2.3%-6.1%7.5%1.6%-2.3%
Skew 10d-4.2%-23.5%11.4%2.0%-18.1%
Call IV 25d27.4%23.8%33.0%27.4%33.0%
Put IV 25d29.7%19.5%33.7%29.0%30.7%
Bid-Ask Spread %90.1353.78102.2486.9491.69
Gamma HHI0.830.690.960.960.89
Net GEX-103.4K-363.0K40.7K-363.0K40.7K
Net DEX-370.5K-2.2M875.7K698.5K-475.2K
Net VEX-3.7K-7.9K-2.1K-7.9K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.002.500.000.00
Total Volume100.318272956
Total OI5,850.8641,0679,2658,6311,147

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-12-01$15.61$15.0028.9%8.3%30.0%19.1%28.8%1.6%-0.4%-363.0K698.5K-7.9K0.0086.94501,6516,980
2020-12-02$15.80$15.0033.1%9.5%28.7%23.5%29.2%6.2%-3.4%-278.8K315.5K-7.3K0.0085.633801,6516,980
2020-12-03$15.82$0.0023.4%8.6%25.6%13.3%30.1%1.8%2.0%-351.3K-451.6K-5.6K0.7195.4728201,6736,980
2020-12-04$16.12$15.0051.7%8.8%25.0%43.3%0.0%2.1%0.6%-221.8K-125.2K-6.5K0.00100.04601,6947,000
2020-12-07$16.05$15.0060.6%9.2%25.2%52.7%27.3%4.7%0.0%-217.6K242.3K-6.5K0.0097.4272721,6927,000
2020-12-08$16.16$15.0034.5%9.1%23.3%25.0%0.0%7.5%1.7%-222.9K-1.8M-3.6K0.0093.571702,2617,002
2020-12-09$16.38$15.0028.7%8.2%23.5%18.9%26.7%2.4%3.4%-162.6K-1.2M-5.3K0.00100.3630802,2637,002
2020-12-10$16.38$15.0028.1%8.1%22.7%18.3%28.0%2.5%1.3%32.7K-2.2M-2.3K0.0794.72544372,1807,002
2020-12-11$16.36$15.0027.2%7.8%19.8%17.3%27.9%2.3%2.8%-191.7K-1.0M-4.5K1.6096.12581,8597,036
2020-12-14$16.02$17.5031.1%8.9%19.5%21.4%31.1%3.7%1.1%-275.0K875.7K-4.1K0.6584.7817119027,042
2020-12-15$16.32$17.5031.1%8.9%18.3%21.4%0.0%4.1%1.7%-132.6K36.2K-3.0K0.0091.34209197,042
2020-12-16$16.36$17.5027.3%7.8%16.7%17.3%27.4%1.2%2.1%-181.3K429.3K-3.4K0.0091.511509087,042
2020-12-17$16.61$17.5026.4%7.6%16.9%16.5%0.0%3.4%1.4%14.2K-331.0K-2.1K0.0093.131909187,042
2020-12-18$16.57$17.5023.5%6.7%17.0%13.4%23.8%6.3%4.3%13.6K-315.9K-2.1K0.0091.3217009107,042
2020-12-21$16.37$17.5030.2%8.7%17.8%20.5%27.6%2.8%2.1%19.2K-286.5K-2.2K0.00102.24660730337
2020-12-22$16.56$15.0025.4%7.3%18.0%15.4%24.6%-6.1%2.7%27.3K-352.9K-2.3K0.0053.78420786337
2020-12-23$16.80$17.5025.4%7.3%18.5%15.4%25.5%3.4%2.6%32.4K-438.0K-2.3K0.0078.35850793337
2020-12-24$16.93$17.5023.9%6.8%17.6%13.8%24.0%6.0%4.8%37.8K-469.2K-2.3K0.0099.7730805337
2020-12-28$16.88$17.5026.3%7.5%17.7%15.8%29.5%-3.8%0.8%34.7K-433.5K-2.2K0.0056.94120807337
2020-12-29$16.76$17.5027.0%7.7%17.3%16.5%0.0%-0.3%0.9%32.8K-393.4K-2.1K0.0098.6470810337
2020-12-30$16.97$17.5028.8%8.3%17.0%18.4%29.6%2.3%1.5%38.8K-458.0K-2.1K2.5099.1425809337
2020-12-31$16.97$17.5027.1%7.8%16.8%16.6%27.3%-2.3%1.5%40.7K-475.2K-2.2K0.0091.6960810337