GPK Options History — July 2021

In July 2021, GPK traded between $17.07 and $19.12. ATM implied volatility averaged 26.2%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 8.1% (HV 20d: 18.1%). Max pain ranged from $10.00 to $17.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 2.31.

Notable Days

  • 2021-07-27: Highest Volume — 2,515 contracts
  • 2021-07-13: Largest IV spike — 110.5% change
  • 2021-07-13: Highest IV Rank — 57.4%
  • 2021-07-26: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.90$17.07$19.12$18.09$19.12
Max Pain$13.69$10.00$17.50$10.00$12.50
ATM IV26.2%18.0%41.4%21.4%22.9%
Expected Move7.7%6.1%9.2%6.1%6.6%
HV 20d18.1%13.8%30.1%17.2%30.1%
HV 60d21.5%20.0%24.8%22.0%24.6%
IV Rank21.4%2.8%57.4%6.6%16.4%
IV Percentile37.3%2.0%97.2%6.3%13.5%
Term Structure-0.4%-3.8%5.4%5.4%-1.0%
VWIV26.9%16.0%38.5%21.4%22.6%
Skew 25d-0.3%-10.0%7.2%3.3%-6.9%
Skew 10d-3.0%-22.1%12.6%12.6%-14.1%
Call IV 25d24.7%18.8%34.9%18.8%22.9%
Put IV 25d24.4%16.0%28.8%22.1%16.0%
Bid-Ask Spread %73.2618.72113.2076.7922.50
Gamma HHI0.560.390.690.490.39
Net GEX194.4K152.6K264.5K196.5K259.7K
Net DEX-6.9M-11.0M-5.0M-5.7M-11.0M
Net VEX-13.1K-15.1K-11.1K-14.9K-14.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.310.0030.200.000.04
Total Volume458.33322,51518156
Total OI9,451.5718,53211,1458,53210,976

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$18.09$10.0021.4%6.1%17.2%6.6%21.4%3.3%5.4%196.5K-5.7M-14.9K0.0076.791807,3881,144
2021-07-02$17.96$10.0022.6%6.5%17.3%7.9%0.0%-2.5%4.0%197.7K-5.4M-14.6K0.0091.831107,3931,144
2021-07-06$17.76$17.5026.5%8.0%15.7%12.2%28.0%-4.4%0.3%189.7K-5.0M-14.2K0.0060.7928107,3971,144
2021-07-07$17.95$17.5021.9%8.2%16.1%7.2%25.9%-1.3%-1.5%202.3K-5.7M-15.1K10.0084.332207,6671,144
2021-07-08$17.85$17.5025.7%8.2%14.8%11.4%29.2%-2.1%-1.6%200.4K-5.5M-14.8K0.00113.206007,6681,144
2021-07-09$17.96$17.5018.0%8.1%14.9%2.8%28.2%-1.9%-0.4%204.1K-5.8M-14.3K0.0150.6711117,6111,144
2021-07-12$17.97$17.5019.7%8.2%13.8%9.3%0.0%7.2%-2.1%201.8K-5.9M-13.5K0.0081.5610007,5081,124
2021-07-13$17.80$17.5041.4%8.1%13.9%57.4%38.5%-3.0%-1.6%197.2K-5.2M-13.3K0.0075.602,36607,4161,124
2021-07-14$17.81$12.5027.8%8.0%13.8%27.3%27.8%5.8%-1.1%197.9K-9.5M-12.8K30.2068.95154539,6531,124
2021-07-15$17.64$12.5028.3%8.1%14.0%28.4%28.3%3.4%-0.6%163.9K-8.8M-13.4K0.1137.7391109,6661,397
2021-07-16$17.29$12.5026.5%7.6%15.1%24.3%26.5%-0.4%-0.5%179.4K-7.1M-12.4K7.4918.72473529,7481,397
2021-07-19$17.07$12.5029.5%8.5%15.7%31.1%29.5%-1.5%-2.5%152.6K-5.4M-11.9K0.4783.281578,1371,122
2021-07-20$17.21$12.5028.0%8.0%15.0%27.7%28.0%-1.0%-1.3%163.2K-5.6M-12.0K0.0044.261308,1261,126
2021-07-21$17.54$12.5027.4%7.9%15.8%26.4%27.5%3.9%-1.3%181.3K-6.3M-12.2K0.0086.462208,1311,126
2021-07-22$17.26$12.5027.6%7.9%16.1%26.9%0.0%-10.0%-1.0%170.3K-5.6M-11.6K0.0094.06208,1401,126
2021-07-23$17.30$12.5027.0%7.7%15.6%25.4%27.0%-0.3%-0.5%176.8K-5.7M-11.6K0.0088.022708,1411,126
2021-07-26$17.46$12.5032.1%9.2%15.7%36.8%32.1%4.8%-3.8%170.0K-6.1M-11.6K0.0181.2463398,1411,126
2021-07-27$18.72$12.5027.4%7.9%29.8%26.5%26.2%1.1%2.3%194.6K-8.8M-11.3K0.0388.612,453628,1581,126
2021-07-28$18.95$12.5025.6%7.3%30.0%22.3%22.1%4.7%-0.8%217.9K-9.7M-11.1K0.0797.451,057698,6251,131
2021-07-29$19.12$12.5022.7%6.5%30.1%15.9%16.0%-4.5%0.7%264.5K-10.8M-13.6K0.0092.491,15849,5871,167
2021-07-30$19.12$12.5022.9%6.6%30.1%16.4%22.6%-6.9%-1.0%259.7K-11.0M-14.4K0.0422.5015069,7541,222