GPK Options History — August 2021

In August 2021, GPK traded between $18.72 and $20.52. ATM implied volatility averaged 23.2%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 2.6% (HV 20d: 25.8%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.14.

Notable Days

  • 2021-08-23: Highest Volume — 1,086 contracts
  • 2021-08-05: Largest IV drop — 12.2% change
  • 2021-08-04: Highest IV Rank — 20.8%
  • 2021-08-05: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.52$18.72$20.52$19.13$20.47
Max Pain$16.82$12.50$17.50$12.50$17.50
ATM IV23.2%21.9%24.9%23.5%24.5%
Expected Move6.7%6.3%7.4%6.7%7.0%
HV 20d25.8%14.6%31.2%29.8%16.6%
HV 60d22.9%21.3%24.7%24.5%21.3%
IV Rank17.1%14.1%20.8%17.8%19.9%
IV Percentile18.6%8.7%32.9%18.7%32.9%
Term Structure1.2%-3.4%3.8%-0.1%-1.0%
VWIV23.3%19.8%27.2%23.3%20.0%
Skew 25d3.2%-6.2%14.0%-3.6%5.8%
Skew 10d12.4%-14.2%83.8%-4.5%7.9%
Call IV 25d21.4%16.8%24.8%23.3%18.7%
Put IV 25d24.5%18.6%37.1%19.7%24.5%
Bid-Ask Spread %74.6421.52101.8090.3786.41
Gamma HHI0.510.410.610.430.55
Net GEX250.1K198.7K322.1K269.7K308.8K
Net DEX-9.7M-12.1M-4.3M-11.3M-6.7M
Net VEX-14.3K-16.9K-11.8K-16.2K-16.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.000.930.040.46
Total Volume198.511,086215163
Total OI10,034.1366,42611,51211,5127,882

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$19.13$12.5023.5%6.7%29.8%17.8%23.3%-3.6%-0.1%269.7K-11.3M-16.2K0.0490.37207810,2891,223
2021-08-03$19.22$12.5024.8%7.1%29.4%20.6%24.3%-6.2%-1.2%276.8K-11.5M-16.3K0.0993.1669610,2381,225
2021-08-04$19.02$12.5024.9%7.1%29.7%20.8%25.1%-4.8%-3.4%251.0K-11.0M-14.7K0.0032.1064010,1721,231
2021-08-05$18.72$17.5021.9%7.4%30.3%14.1%21.9%3.0%0.1%256.1K-10.5M-14.8K0.0028.5731010,1271,231
2021-08-06$18.78$17.5022.1%6.4%30.3%14.7%0.0%2.5%3.8%263.9K-10.5M-14.8K0.0944.0811110,0751,231
2021-08-09$19.24$17.5022.6%6.7%31.2%15.9%24.7%2.7%2.1%243.4K-11.6M-14.2K0.1221.52851010,0741,231
2021-08-10$19.23$17.5022.9%6.8%30.9%16.3%27.2%2.1%2.0%249.9K-11.5M-14.5K0.1291.5277910,0761,232
2021-08-11$19.52$17.5022.9%6.6%31.1%16.4%22.9%6.5%2.3%247.2K-12.1M-14.0K0.2293.651012210,0811,232
2021-08-12$19.45$17.5022.5%6.4%30.8%15.5%21.4%4.8%2.9%237.7K-12.0M-13.6K0.0072.597010,0691,232
2021-08-13$19.34$17.5022.0%6.3%29.7%14.4%27.0%4.2%3.3%224.4K-11.7M-13.0K0.1060.211019,9891,252
2021-08-16$19.34$17.5023.0%6.6%29.0%16.6%23.0%4.9%2.6%223.8K-11.7M-12.6K0.1028.712129,9911,252
2021-08-17$19.32$17.5022.8%6.5%29.1%16.1%24.1%14.0%2.7%231.3K-11.7M-12.6K0.0195.2372259,9811,253
2021-08-18$19.30$17.5023.8%6.8%28.7%18.5%0.0%5.1%1.3%222.7K-11.6M-12.7K0.0094.07109,9751,255
2021-08-19$19.32$17.5024.2%6.9%27.7%19.3%19.8%6.5%3.3%233.5K-11.7M-12.7K0.0094.943010,0091,255
2021-08-20$19.38$17.5023.8%6.8%27.7%18.4%23.7%6.1%0.4%199.2K-11.7M-12.4K0.0855.1812110,0091,255
2021-08-23$19.53$17.5022.5%6.4%27.7%15.5%22.5%-2.0%1.0%198.7K-4.3M-11.8K0.0191.671,070165,769663
2021-08-24$19.82$17.5023.7%6.8%14.6%18.3%23.8%-0.2%0.2%210.3K-4.7M-12.3K0.0398.39515175,763663
2021-08-25$20.21$17.5023.8%6.8%15.4%18.5%23.8%3.7%-0.1%271.6K-6.1M-15.8K0.03101.80601186,511677
2021-08-26$20.14$17.5023.4%6.7%15.4%17.4%23.3%4.3%1.1%255.4K-6.1M-16.2K0.5689.60156886,743675
2021-08-27$20.52$17.5022.9%6.6%16.4%16.5%22.9%6.2%0.6%322.1K-7.0M-16.9K0.9393.3475707,141682
2021-08-30$20.45$17.5022.4%6.4%16.6%15.3%22.1%4.6%1.7%305.5K-6.8M-16.5K0.0185.059117,136701
2021-08-31$20.47$17.5024.5%7.0%16.6%19.9%20.0%5.8%-1.0%308.8K-6.7M-16.6K0.4686.41112517,116766