GPK Options History — October 2021

In October 2021, GPK traded between $18.79 and $20.63. ATM implied volatility averaged 29.9%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 10.1% (HV 20d: 19.9%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.99.

Notable Days

  • 2021-10-11: Highest Volume — 800 contracts
  • 2021-10-13: Largest IV drop — 44.4% change
  • 2021-10-12: Highest IV Rank — 86.9%
  • 2021-10-25: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.74$18.79$20.63$19.16$20.01
Max Pain$19.88$17.50$20.00$20.00$20.00
ATM IV29.9%18.6%54.7%18.6%26.1%
Expected Move8.0%5.3%9.0%5.3%7.5%
HV 20d19.9%15.7%24.9%16.0%24.9%
HV 60d20.9%18.2%22.8%21.9%19.6%
IV Rank32.0%7.0%86.9%7.0%23.5%
IV Percentile64.0%2.8%98.8%2.8%52.0%
Term Structure-0.7%-3.3%4.0%4.0%-0.2%
VWIV28.6%25.1%32.0%28.8%26.4%
Skew 25d4.2%-5.4%21.5%-5.4%19.7%
Skew 10d11.0%-7.2%60.4%-6.9%31.9%
Call IV 25d27.6%20.8%32.3%24.4%22.5%
Put IV 25d31.8%19.0%42.3%19.0%42.2%
Bid-Ask Spread %75.8112.24102.0192.7462.56
Gamma HHI0.670.580.760.740.67
Net GEX231.1K183.7K306.2K194.5K292.3K
Net DEX-3.8M-5.3M-2.2M-2.7M-4.3M
Net VEX-13.2K-14.8K-10.7K-12.6K-13.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.004.690.004.69
Total Volume269.619080013404
Total OI5,645.4294,7226,4914,7496,491

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-10-01$19.16$20.0018.6%5.3%16.0%7.0%0.0%-5.4%4.0%194.5K-2.7M-12.6K0.0092.741304,363386
2021-10-04$19.19$20.0022.7%8.3%16.1%16.0%0.0%6.8%-2.6%201.8K-2.8M-12.3K0.0086.572504,354383
2021-10-05$19.35$20.0028.5%7.8%16.0%28.8%0.0%1.2%-1.0%211.4K-2.9M-12.4K0.0085.98004,354383
2021-10-06$19.27$20.0034.0%8.1%16.1%41.1%0.0%6.9%-1.2%198.4K-2.8M-12.2K0.0085.904004,339383
2021-10-07$19.23$20.0024.3%8.2%15.9%19.6%0.0%6.5%-0.9%201.6K-2.9M-12.0K0.0089.882404,339383
2021-10-08$18.85$20.0034.1%8.4%16.9%41.2%28.8%3.5%-1.1%183.7K-2.4M-11.4K0.0087.2115504,369383
2021-10-11$18.85$20.0044.1%7.5%16.8%63.5%27.6%0.4%-0.3%189.9K-2.3M-10.8K3.04102.011986024,390383
2021-10-12$18.79$20.0054.7%8.1%15.7%86.9%29.4%1.1%-1.7%196.6K-2.2M-10.7K3.3971.54893024,504383
2021-10-13$19.38$20.0030.4%8.7%19.4%33.1%30.5%6.7%-2.5%200.8K-3.0M-13.4K0.0088.1867204,618981
2021-10-14$19.73$20.0030.8%8.8%20.3%34.0%30.8%1.7%-3.3%226.7K-3.6M-14.0K0.1883.13458844,6551,283
2021-10-15$19.76$17.5028.2%8.1%18.7%28.1%28.2%2.9%-0.4%215.7K-3.7M-14.4K0.1481.993555,1371,283
2021-10-18$20.34$20.0028.8%8.3%21.0%29.6%28.6%1.4%-0.9%248.0K-4.7M-14.3K0.0879.66128104,6781,294
2021-10-19$20.12$20.0028.8%8.2%21.5%29.4%28.8%3.2%-1.0%236.7K-4.4M-14.3K1.0781.7387934,6991,296
2021-10-20$20.54$20.0028.6%8.2%22.4%29.1%28.8%1.9%-1.6%243.5K-5.1M-14.7K1.4212.241492114,7211,389
2021-10-21$20.59$20.0028.8%8.2%22.3%29.4%30.0%2.0%-1.5%248.9K-5.2M-14.8K1.2482.771111384,7741,389
2021-10-22$20.63$20.0029.2%8.4%22.2%30.4%29.7%-4.9%-0.1%248.6K-5.3M-14.6K1.4147.50981384,7981,405
2021-10-25$20.27$20.0031.5%9.0%23.0%35.5%32.0%3.6%-1.5%248.7K-4.8M-14.3K0.4848.902901384,7981,405
2021-10-26$20.45$20.0025.8%7.4%22.3%22.9%26.5%3.0%1.4%287.7K-5.2M-13.8K0.8386.201661384,9881,420
2021-10-27$19.88$20.0024.8%7.1%24.8%20.6%25.1%21.5%1.6%272.4K-4.0M-13.4K0.8492.531861575,0601,422
2021-10-28$20.23$20.0025.7%7.4%24.5%22.5%25.6%4.6%-0.5%306.2K-4.7M-13.3K0.9842.721611575,0541,437
2021-10-29$20.01$20.0026.1%7.5%24.9%23.5%26.4%19.7%-0.2%292.3K-4.3M-13.4K4.6962.56713335,0541,437