GPK Options History — May 2022

In May 2022, GPK traded between $20.27 and $22.50. ATM implied volatility averaged 35.0%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 3.2% (HV 20d: 31.8%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.38.

Notable Days

  • 2022-05-17: Highest Volume — 772 contracts
  • 2022-05-09: Largest IV spike — 50.8% change
  • 2022-05-10: Highest IV Rank — 100.0%
  • 2022-05-11: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.24$20.27$22.50$21.74$22.33
Max Pain$22.14$20.00$22.50$20.00$22.50
ATM IV35.0%27.0%67.6%32.1%29.5%
Expected Move9.4%7.7%10.9%9.2%8.5%
HV 20d31.8%28.8%33.3%28.8%32.9%
HV 60d30.7%29.6%31.5%30.3%31.3%
IV Rank36.2%18.1%100.0%34.7%23.2%
IV Percentile78.9%44.0%100.0%80.2%62.7%
Term Structure-1.6%-5.2%0.8%-1.0%-1.7%
VWIV33.6%28.5%41.3%31.4%29.8%
Skew 25d5.6%-9.8%13.2%8.4%9.7%
Skew 10d11.6%-16.2%25.0%13.0%15.3%
Call IV 25d31.4%25.2%36.8%29.7%26.5%
Put IV 25d37.0%23.3%46.6%38.1%36.2%
Bid-Ask Spread %84.8166.7799.3094.6896.89
Gamma HHI0.440.340.640.500.49
Net GEX26.6K-63.5K75.5K51.3K41.8K
Net DEX-1.1M-2.9M14.5K-1.8M-2.6M
Net VEX-12.3K-14.8K-10.0K-14.7K-10.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.157.220.250.61
Total Volume269.19113772241298
Total OI5,460.3335,2105,8765,2435,350

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$21.74$20.0032.1%9.2%28.8%34.7%31.4%8.4%-1.0%51.3K-1.8M-14.7K0.2594.68193483,3951,848
2022-05-03$22.07$20.0032.5%9.3%29.1%35.6%34.7%7.3%-2.5%63.2K-2.2M-14.6K0.1588.56330483,4201,851
2022-05-04$22.50$20.0030.6%8.8%29.6%31.6%33.0%1.1%-1.7%75.5K-2.9M-14.2K0.1874.04261473,4551,850
2022-05-05$22.13$22.5034.3%9.1%30.5%39.4%37.2%2.7%-0.2%71.1K-2.5M-14.8K0.3875.37123473,5441,851
2022-05-06$21.75$22.5031.9%8.6%31.4%34.3%33.7%3.7%-0.6%52.4K-1.9M-13.9K0.5572.9199543,5531,854
2022-05-09$21.17$22.5048.1%10.5%32.7%68.2%35.4%4.3%-1.8%37.4K-1.1M-13.6K0.7978.5175593,5291,861
2022-05-10$21.00$22.5067.6%10.6%32.7%100.0%36.5%4.0%-2.1%39.6K-923.5K-13.4K0.1966.77312583,5291,867
2022-05-11$20.78$22.5037.9%10.9%32.9%40.1%41.3%11.6%-3.6%35.1K-745.5K-13.4K0.6585.6672473,5661,860
2022-05-12$20.60$22.5036.8%10.6%33.0%38.0%32.7%7.6%-3.3%30.1K-444.9K-12.7K0.7087.0273513,5751,859
2022-05-13$20.48$22.5031.2%8.9%33.0%26.6%34.7%5.2%0.8%16.1K-160.3K-11.9K0.8286.6362513,5751,856
2022-05-16$20.81$22.5034.5%9.9%33.3%33.4%33.3%6.0%-2.1%-21.2K-484.0K-12.5K7.2274.49805783,5742,288
2022-05-17$21.50$22.5029.5%8.5%30.2%23.3%32.6%7.7%0.1%29.4K-1.6M-12.9K6.3594.941056673,5682,288
2022-05-18$20.63$22.5034.5%9.9%33.3%33.3%34.0%3.6%-1.7%-16.4K-98.1K-11.8K1.7585.03971703,5702,287
2022-05-19$20.50$22.5034.8%10.0%33.1%33.8%34.9%3.5%-5.2%-63.5K14.5K-11.1K1.6292.051051703,5702,287
2022-05-20$20.27$22.5034.0%9.7%32.4%32.2%34.2%13.2%-2.0%17.9K-15.0K-10.5K0.7999.3096763,5892,287
2022-05-23$20.55$22.5032.8%9.4%32.2%29.9%32.9%6.1%-1.8%14.2K-105.5K-10.2K1.4994.78761133,4131,797
2022-05-24$20.56$22.5033.5%9.6%31.8%31.2%33.1%6.7%-1.2%12.8K-25.2K-10.5K1.0792.821061133,4111,854
2022-05-25$20.86$22.5034.8%10.0%31.8%33.9%34.0%8.4%-2.0%19.3K-421.3K-10.7K1.8873.94601133,4071,854
2022-05-26$21.52$22.5028.2%8.1%30.1%20.5%28.5%6.3%0.7%22.8K-1.3M-10.7K0.9076.891261133,4221,855
2022-05-27$22.35$22.5027.0%7.7%33.0%18.1%28.6%-9.8%-0.3%29.4K-2.6M-10.3K0.6789.771681133,4431,855
2022-05-31$22.33$22.5029.5%8.5%32.9%23.2%29.8%9.7%-1.7%41.8K-2.6M-10.0K0.6196.891851133,4951,855