GPK Options History — February 2022

In February 2022, GPK traded between $18.41 and $20.49. ATM implied volatility averaged 34.8%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 8.0% (HV 20d: 26.8%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.37.

Notable Days

2022-02-18: Highest Volume — 1,244 contracts
2022-02-03: Largest IV spike — 36.2% change
2022-02-03: Highest IV Rank — 83.0%
2022-02-03: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.25	$18.41	$20.49	$18.99	$20.49
Max Pain	$17.76	$17.50	$20.00	$20.00	$17.50
ATM IV	34.8%	29.4%	48.9%	44.3%	34.1%
Expected Move	9.8%	8.4%	13.0%	12.7%	9.8%
HV 20d	26.8%	23.5%	29.7%	29.7%	29.3%
HV 60d	28.4%	27.4%	29.9%	28.0%	29.7%
IV Rank	48.9%	35.5%	83.0%	71.6%	47.3%
IV Percentile	89.3%	77.4%	99.2%	99.2%	90.5%
Term Structure	-1.3%	-12.7%	37.9%	-6.5%	4.5%
VWIV	33.7%	25.3%	49.7%	37.6%	26.2%
Skew 25d	4.2%	-7.5%	15.8%	8.8%	6.6%
Skew 10d	15.6%	-19.1%	92.0%	10.0%	8.8%
Call IV 25d	31.5%	25.4%	38.0%	34.3%	27.5%
Put IV 25d	35.7%	28.3%	43.1%	43.1%	34.1%
Bid-Ask Spread %	74.57	30.51	100.47	35.47	96.73
Gamma HHI	0.43	0.34	0.53	0.35	0.37
Net GEX	127.5K	67.2K	304.3K	94.3K	183.1K
Net DEX	123.8K	-1.5M	1.5M	602.1K	-1.3M
Net VEX	-16.6K	-19.6K	-11.2K	-16.2K	-19.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.37	0.05	0.66	0.26	0.66
Total Volume	316.211	132	1,244	210	414
Total OI	8,077.263	7,657	8,323	7,829	7,801

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$18.99	$20.00	44.3%	12.7%	29.7%	71.6%	37.6%	8.8%	-6.5%	94.3K	602.1K	-16.2K	0.26	35.47	167	43	5,771	2,058
2022-02-02	$18.86	$20.00	35.9%	10.3%	27.1%	50.7%	35.5%	-7.5%	-7.2%	103.9K	555.7K	-16.3K	0.26	100.47	168	43	5,827	2,068
2022-02-03	$18.72	$17.50	48.9%	13.0%	26.7%	83.0%	49.7%	9.2%	-12.7%	101.7K	341.5K	-17.6K	0.19	54.07	240	46	5,831	2,068
2022-02-04	$18.61	$17.50	36.9%	10.7%	26.7%	53.4%	35.9%	11.9%	-4.2%	98.4K	627.1K	-17.1K	0.38	58.41	124	47	6,175	2,068
2022-02-07	$18.45	$17.50	37.7%	9.5%	26.6%	55.3%	33.0%	5.3%	0.1%	67.2K	1.1M	-14.5K	0.52	58.40	92	48	6,188	2,070
2022-02-08	$18.66	$17.50	37.7%	9.8%	26.6%	56.7%	34.0%	7.1%	-3.3%	88.9K	820.6K	-15.9K	0.57	47.94	84	48	6,199	2,070
2022-02-09	$18.80	$17.50	31.6%	9.0%	26.8%	40.9%	27.7%	-1.3%	-4.6%	94.5K	757.9K	-15.6K	0.53	32.46	95	50	6,206	2,070
2022-02-10	$18.49	$17.50	33.5%	9.6%	27.1%	45.8%	32.5%	3.4%	-0.5%	67.7K	1.5M	-11.2K	0.43	30.51	99	43	6,212	2,073
2022-02-11	$18.41	$17.50	34.4%	9.9%	26.5%	48.2%	34.1%	4.9%	-3.8%	71.9K	776.1K	-16.5K	0.44	93.72	94	41	6,213	2,075
2022-02-14	$18.55	$17.50	36.5%	10.5%	26.4%	53.5%	36.4%	1.8%	-5.1%	77.3K	958.5K	-14.3K	0.31	89.89	128	40	6,217	2,075
2022-02-15	$18.90	$17.50	31.9%	9.1%	25.0%	41.7%	35.0%	4.6%	-3.1%	104.2K	628.2K	-15.5K	0.38	69.02	106	40	6,237	2,075
2022-02-16	$19.40	$17.50	30.8%	8.8%	23.5%	39.0%	33.0%	-0.2%	-2.4%	153.2K	32.5K	-16.8K	0.31	91.17	126	39	6,238	2,076
2022-02-17	$20.31	$17.50	29.4%	8.4%	27.5%	35.5%	32.6%	0.7%	37.9%	258.7K	-1.5M	-19.0K	0.20	90.86	303	60	6,240	2,076
2022-02-18	$20.20	$17.50	30.2%	8.7%	26.2%	37.5%	30.8%	3.7%	-2.0%	304.3K	-1.4M	-19.0K	0.05	97.68	1,189	55	6,255	2,068
2022-02-22	$20.34	$17.50	34.0%	9.8%	26.0%	47.2%	30.3%	15.8%	-5.0%	176.1K	-1.3M	-19.6K	0.20	97.09	279	56	5,816	1,888
2022-02-23	$19.83	$17.50	31.6%	9.1%	26.4%	41.2%	32.4%	-1.7%	-2.3%	127.2K	-249.1K	-17.1K	0.07	91.95	699	48	5,828	1,899
2022-02-24	$19.52	$17.50	31.9%	9.2%	26.8%	41.9%	38.7%	-3.4%	-3.3%	98.0K	151.8K	-16.3K	0.60	91.78	275	165	5,759	1,898
2022-02-25	$20.27	$17.50	30.8%	8.8%	29.2%	39.0%	25.3%	10.3%	-2.2%	151.1K	-730.1K	-18.1K	0.66	89.19	250	164	5,754	2,026
2022-02-28	$20.49	$17.50	34.1%	9.8%	29.3%	47.3%	26.2%	6.6%	4.5%	183.1K	-1.3M	-19.1K	0.66	96.73	250	164	5,774	2,027