GPK Options History — June 2021

In June 2021, GPK traded between $17.41 and $18.23. ATM implied volatility averaged 24.1%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 1.9% (HV 20d: 22.2%). Max pain ranged from $10.00 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2021-06-24: Highest Volume — 3,106 contracts
  • 2021-06-29: Largest IV spike — 47.4% change
  • 2021-06-29: Highest IV Rank — 21.3%
  • 2021-06-29: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.86$17.41$18.23$18.23$18.13
Max Pain$10.68$10.00$17.50$17.50$10.00
ATM IV24.1%20.8%34.6%25.3%20.8%
Expected Move7.0%6.0%9.9%7.2%6.0%
HV 20d22.2%17.1%26.3%26.2%17.1%
HV 60d23.3%22.1%24.7%24.7%22.1%
IV Rank9.6%6.0%21.3%10.9%6.0%
IV Percentile18.3%5.2%89.3%21.4%5.2%
Term Structure3.9%-8.6%35.6%1.4%6.5%
VWIV25.8%20.6%37.5%25.0%20.6%
Skew 25d0.2%-11.5%11.4%6.7%-1.2%
Skew 10d1.4%-15.4%20.5%8.8%-1.8%
Call IV 25d25.1%18.6%36.0%18.6%22.4%
Put IV 25d25.3%21.2%34.1%25.4%21.2%
Bid-Ask Spread %76.5420.22106.2178.7620.22
Gamma HHI0.490.310.820.340.48
Net GEX199.1K104.0K493.4K142.9K197.2K
Net DEX-4.5M-6.7M-3.2M-4.5M-5.8M
Net VEX-12.3K-16.4K-9.7K-10.9K-15.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.009.110.000.00
Total Volume547.40943,1062484
Total OI8,324.4097,18710,0297,3108,533

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-06-01$18.23$17.5025.3%7.2%26.2%10.9%25.0%6.7%1.4%142.9K-4.5M-10.9K0.0078.7624716,507803
2021-06-02$18.15$17.5025.5%7.3%26.1%11.1%25.3%6.2%1.2%136.3K-4.2M-10.4K0.0071.055906,375812
2021-06-03$18.13$10.0025.9%7.1%25.3%11.6%24.9%1.0%3.6%142.7K-4.4M-12.7K9.11101.61454106,376812
2021-06-04$18.21$10.0021.3%7.0%25.1%6.5%36.0%-11.5%2.5%113.7K-4.1M-10.5K0.02106.2111826,4181,108
2021-06-07$17.80$10.0025.0%7.2%26.0%10.6%28.5%-5.9%1.3%104.0K-3.5M-9.7K0.1284.59283346,5261,110
2021-06-08$17.87$10.0022.8%6.9%26.0%8.1%29.2%-3.5%2.7%117.7K-3.7M-10.3K0.4580.232241006,7531,140
2021-06-09$17.55$10.0023.0%6.6%26.3%8.4%22.9%2.9%3.6%109.5K-3.2M-9.9K1.5821.6748766,9281,133
2021-06-10$17.56$10.0023.3%6.7%25.6%8.7%22.8%1.9%3.2%109.6K-3.2M-10.1K1.2595.05456,9651,186
2021-06-11$17.85$10.0022.8%6.5%22.4%8.1%23.7%-6.2%3.2%124.9K-3.7M-9.8K0.0091.361,03606,9671,188
2021-06-14$17.70$10.0024.3%7.0%22.2%9.8%0.0%2.9%1.9%121.7K-3.5M-10.2K0.0041.0427106,9631,188
2021-06-15$17.76$10.0025.1%7.2%22.3%10.7%25.1%-5.3%1.8%113.4K-3.7M-10.8K0.0099.441,84907,0531,188
2021-06-16$17.64$10.0024.0%6.9%21.8%9.4%24.0%11.4%3.2%315.9K-5.3M-13.9K0.01101.7314118,8411,188
2021-06-17$17.41$10.0024.1%6.9%21.2%9.6%23.9%1.2%35.6%369.2K-4.5M-13.4K0.0194.7710518,8241,188
2021-06-18$17.43$10.0025.2%7.2%18.6%10.8%25.2%-0.2%2.0%493.4K-4.4M-12.4K0.1191.476478,7961,188
2021-06-21$17.68$10.0023.5%6.7%19.4%8.9%23.5%4.8%3.5%235.2K-4.7M-12.7K0.3589.91224797,071908
2021-06-22$17.93$10.0023.6%6.8%20.0%9.1%23.6%4.4%3.5%238.5K-5.3M-14.1K0.0185.159417,1681,055
2021-06-23$17.70$10.0023.6%6.8%19.8%9.1%33.2%-4.5%2.5%240.8K-4.8M-13.9K0.1982.768271607,2301,055
2021-06-24$17.89$10.0021.4%6.1%20.1%6.6%21.5%-0.3%4.7%261.2K-5.2M-14.3K0.0162.323,073337,1411,117
2021-06-25$18.03$10.0022.7%6.5%20.2%8.0%22.7%2.5%3.1%309.7K-6.7M-16.4K0.0292.494418,1091,150
2021-06-28$18.10$10.0023.5%6.7%20.2%8.9%23.6%-7.9%3.7%190.0K-5.6M-15.1K0.9071.021097,3891,150
2021-06-29$18.08$10.0034.6%9.9%17.2%21.3%37.5%5.1%-8.6%192.9K-5.5M-15.1K0.0920.972,1581957,3931,144
2021-06-30$18.13$10.0020.8%6.0%17.1%6.0%20.6%-1.2%6.5%197.2K-5.8M-15.0K0.0020.22407,3891,144