GPK Options History — April 2022

In April 2022, GPK traded between $20.49 and $22.09. ATM implied volatility averaged 31.5%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 10.1% (HV 20d: 21.4%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.46.

Notable Days

2022-04-06: Highest Volume — 891 contracts
2022-04-08: Largest IV spike — 59.9% change
2022-04-08: Highest IV Rank — 52.4%
2022-04-25: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.14	$20.49	$22.09	$20.52	$21.90
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	31.5%	25.4%	40.5%	28.0%	30.4%
Expected Move	9.0%	8.1%	11.3%	8.5%	8.7%
HV 20d	21.4%	14.8%	33.5%	33.5%	29.0%
HV 60d	29.3%	27.6%	30.3%	29.9%	30.3%
IV Rank	33.6%	20.6%	52.4%	26.1%	31.2%
IV Percentile	75.1%	41.7%	95.6%	63.5%	72.6%
Term Structure	-1.0%	-4.2%	2.1%	2.1%	-1.2%
VWIV	30.9%	27.2%	41.1%	28.7%	33.9%
Skew 25d	4.8%	-4.0%	10.5%	-3.3%	3.1%
Skew 10d	8.7%	-11.2%	35.2%	-4.5%	1.6%
Call IV 25d	29.9%	24.5%	38.2%	31.3%	32.4%
Put IV 25d	34.7%	28.0%	41.2%	28.0%	35.5%
Bid-Ask Spread %	92.19	80.76	109.22	96.03	91.38
Gamma HHI	0.49	0.41	0.63	0.42	0.57
Net GEX	30.9K	-4.7K	59.1K	-4.7K	55.8K
Net DEX	-895.8K	-2.2M	295.7K	295.7K	-2.1M
Net VEX	-14.5K	-15.9K	-12.1K	-12.2K	-15.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.06	1.42	0.47	0.18
Total Volume	289	90	891	157	302
Total OI	4,898.45	4,309	5,292	4,309	5,292

Daily Data (20 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
2022-04-01	$20.52	$20.00	28.0%	8.5%	33.5%	26.1%	28.7%	-3.3%	2.1%	-4.7K	295.7K	-12.2K	0.47	96.03	107	50	2,407	1,902
2022-04-04	$20.49	$20.00	27.6%	8.6%	23.3%	25.4%	27.6%	7.4%	-0.5%	-3.0K	209.8K	-12.2K	0.59	100.68	85	50	2,425	1,899
2022-04-05	$20.52	$20.00	29.0%	8.5%	20.2%	28.3%	29.5%	5.6%	-0.4%	-4.4K	271.7K	-12.1K	0.55	93.75	91	50	2,435	1,899
2022-04-06	$20.68	$20.00	31.7%	8.7%	16.7%	34.0%	28.8%	7.5%	0.2%	-3.2K	159.7K	-12.2K	0.06	109.22	841	50	2,445	1,899
2022-04-07	$20.72	$20.00	25.4%	9.1%	16.5%	20.6%	29.4%	7.3%	-1.5%	26.5K	-494.1K	-15.6K	0.06	85.19	818	53	3,087	1,900
2022-04-08	$21.03	$20.00	40.5%	9.1%	16.3%	52.4%	27.7%	5.7%	2.0%	26.0K	-793.7K	-15.9K	0.10	93.13	550	54	3,087	1,894
2022-04-11	$20.92	$20.00	28.9%	9.1%	16.5%	28.0%	29.6%	4.4%	0.1%	29.2K	-711.5K	-15.3K	0.08	93.29	649	51	3,107	1,896
2022-04-12	$20.82	$20.00	35.7%	9.1%	16.7%	42.3%	31.0%	8.5%	-0.6%	31.9K	-608.2K	-15.1K	0.41	88.59	117	48	3,201	1,896
2022-04-13	$20.93	$20.00	31.3%	9.0%	14.9%	33.0%	30.3%	5.7%	-0.9%	29.8K	-677.2K	-14.8K	0.70	87.34	69	48	3,217	1,898
2022-04-14	$20.98	$20.00	31.4%	9.0%	14.8%	33.3%	29.9%	6.7%	-0.3%	28.9K	-718.9K	-14.7K	0.69	95.32	70	48	3,223	1,898
2022-04-18	$20.75	$20.00	31.1%	8.9%	15.4%	32.8%	29.7%	5.4%	-0.8%	34.8K	-565.6K	-14.7K	0.45	90.98	96	43	3,199	1,721
2022-04-19	$21.83	$20.00	29.0%	8.3%	22.1%	28.3%	31.3%	-4.0%	-0.3%	51.6K	-1.8M	-15.7K	0.39	84.41	118	46	3,205	1,724
2022-04-20	$21.96	$20.00	29.7%	8.5%	22.0%	29.8%	33.8%	-3.1%	-2.4%	43.2K	-1.9M	-15.4K	0.40	80.76	124	49	3,192	1,736
2022-04-21	$22.09	$20.00	29.4%	8.4%	21.7%	29.1%	27.2%	7.6%	-1.2%	59.1K	-2.2M	-15.6K	0.38	88.65	128	49	3,264	1,739
2022-04-22	$21.58	$20.00	33.2%	9.5%	23.6%	37.1%	31.6%	7.0%	-3.4%	46.2K	-1.5M	-15.2K	0.43	93.87	114	49	3,252	1,739
2022-04-25	$21.13	$20.00	39.4%	11.3%	24.5%	50.0%	41.1%	7.3%	-4.2%	38.2K	-935.9K	-14.5K	0.48	89.93	130	63	3,248	1,739
2022-04-26	$20.81	$20.00	34.6%	9.9%	25.2%	40.0%	31.1%	10.5%	-3.4%	35.8K	-665.3K	-13.9K	1.25	92.57	40	50	3,294	1,748
2022-04-27	$21.11	$20.00	36.3%	10.4%	25.7%	43.6%	35.8%	5.5%	-4.1%	41.5K	-1.1M	-14.5K	1.42	97.92	73	104	3,336	1,748
2022-04-28	$22.02	$20.00	28.3%	8.1%	29.3%	26.9%	30.8%	1.7%	0.3%	55.0K	-2.1M	-15.0K	0.19	90.81	254	49	3,334	1,844
2022-04-29	$21.90	$20.00	30.4%	8.7%	29.0%	31.2%	33.9%	3.1%	-1.2%	55.8K	-2.1M	-15.1K	0.18	91.38	255	47	3,446	1,846