GPK Options History — November 2021

In November 2021, GPK traded between $19.86 and $21.24. ATM implied volatility averaged 27.2%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 3.8% (HV 20d: 23.4%). 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 14 of 21 days. Put/call ratio averaged 2.39.

Notable Days

  • 2021-11-24: Highest Volume — 3,230 contracts
  • 2021-11-29: Largest IV spike — 29.8% change
  • 2021-11-30: Highest IV Rank — 39.0%
  • 2021-11-30: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.66$19.86$21.24$20.22$19.86
Max Pain$17.86$17.50$20.00$20.00$17.50
ATM IV27.2%22.7%33.1%25.4%33.1%
Expected Move7.8%6.5%9.5%7.3%9.5%
HV 20d23.4%19.7%26.3%25.1%23.9%
HV 60d20.2%19.1%22.1%19.7%22.1%
IV Rank26.1%16.1%39.0%21.9%39.0%
IV Percentile58.6%15.1%93.3%44.8%93.3%
Term Structure0.6%-6.3%8.8%0.8%-3.5%
VWIV26.8%15.6%34.9%25.4%33.3%
Skew 25d3.3%-9.3%12.9%3.2%4.1%
Skew 10d7.3%-12.5%85.7%5.2%7.2%
Call IV 25d24.9%16.1%34.0%23.4%28.1%
Put IV 25d28.2%24.5%33.5%26.6%32.2%
Bid-Ask Spread %83.5069.04110.2584.5387.57
Gamma HHI0.580.440.680.680.55
Net GEX367.8K309.1K702.4K313.3K362.6K
Net DEX-5.6M-7.2M-2.8M-4.7M-2.8M
Net VEX-14.5K-27.5K-10.2K-13.2K-24.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.390.0719.951.7314.13
Total Volume862.7141923,2305271,816
Total OI7,137.4295,7469,8056,5309,798

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$20.22$20.0025.4%7.3%25.1%21.9%25.4%3.2%0.8%313.3K-4.7M-13.2K1.7384.531933345,0551,475
2021-11-02$20.33$20.0025.5%7.3%25.0%22.1%26.9%2.8%1.3%309.1K-4.9M-13.6K1.1792.221892225,0691,475
2021-11-03$20.59$20.0025.6%7.3%25.2%22.4%24.5%5.1%0.6%310.7K-5.4M-13.5K1.5489.841442225,1441,475
2021-11-04$20.20$17.5027.2%7.1%26.3%25.9%23.9%3.1%2.1%327.6K-4.6M-13.1K1.5471.821271965,1451,475
2021-11-05$20.54$17.5026.8%8.1%25.4%25.0%34.9%3.1%-0.9%311.7K-5.4M-13.8K1.1674.251691965,1931,476
2021-11-08$20.48$17.5028.5%7.8%25.5%28.9%29.0%2.0%-6.3%332.6K-5.2M-13.1K0.6770.031981335,2461,477
2021-11-09$20.58$17.5027.2%7.9%25.3%26.0%27.8%4.0%0.6%340.0K-5.5M-13.0K0.6669.042021335,2451,487
2021-11-10$20.28$17.5026.6%7.6%24.2%24.6%28.6%1.1%0.3%346.0K-4.8M-12.8K0.4276.212961235,2551,487
2021-11-11$20.65$17.5027.2%7.8%24.2%26.0%15.6%8.9%0.9%353.0K-5.7M-12.8K0.4372.952881235,3781,487
2021-11-12$20.68$17.5027.3%7.8%24.2%26.2%28.6%4.1%0.1%355.4K-5.8M-12.7K0.8079.061531235,3841,485
2021-11-15$21.00$17.5028.2%8.1%22.7%28.2%28.5%-0.8%-1.4%331.0K-6.5M-12.1K0.2284.345651235,4481,485
2021-11-16$21.21$17.5027.3%7.8%22.3%26.1%27.2%1.8%1.3%368.0K-7.1M-12.2K0.4883.532561235,6891,486
2021-11-17$21.24$17.5027.8%8.0%21.3%27.3%26.7%2.4%0.1%369.4K-7.2M-11.7K0.4984.062491235,6911,486
2021-11-18$20.80$17.5027.1%7.8%22.8%25.7%28.6%-1.9%-1.1%360.9K-6.2M-11.9K0.6179.372031235,6341,486
2021-11-19$20.61$17.5025.9%7.4%23.0%23.2%25.9%-9.3%-0.6%373.6K-5.9M-11.0K0.5184.273841965,6551,486
2021-11-22$20.98$17.5022.7%6.5%22.9%16.1%22.0%2.5%8.8%379.5K-6.0M-10.7K1.2987.38841085,311435
2021-11-23$21.15$17.5026.6%7.6%22.8%24.6%26.0%3.5%1.9%362.6K-6.5M-10.2K0.0792.371,8821245,312444
2021-11-24$21.05$17.5028.7%8.2%20.1%29.3%26.8%10.4%4.2%415.9K-6.7M-14.3K1.0096.121,6161,6146,252462
2021-11-26$20.86$17.5025.0%7.2%19.7%21.2%24.4%6.7%7.0%702.4K-6.0M-26.5K1.25110.251,3751,7137,7171,891
2021-11-29$20.63$17.5032.5%9.3%19.8%37.7%27.1%12.9%-3.2%399.4K-5.0M-27.5K19.9584.23801,5967,7962,009
2021-11-30$19.86$17.5033.1%9.5%23.9%39.0%33.3%4.1%-3.5%362.6K-2.8M-24.5K14.1387.571201,6967,7892,009