GPK Options History — July 2022

In July 2022, GPK traded between $20.16 and $22.59. ATM implied volatility averaged 35.8%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 1.5% (HV 20d: 37.3%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 5.97.

Notable Days

2022-07-01: Highest Volume — 1,058 contracts
2022-07-11: Largest IV spike — 165.4% change
2022-07-11: Highest IV Rank — 100.0%
2022-07-14: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.25	$20.16	$22.59	$21.43	$22.35
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	35.8%	25.5%	82.1%	30.6%	25.5%
Expected Move	9.6%	7.3%	10.8%	8.8%	7.3%
HV 20d	37.3%	30.2%	44.4%	44.2%	30.9%
HV 60d	35.5%	34.4%	36.1%	35.7%	35.2%
IV Rank	29.3%	10.8%	100.0%	25.3%	10.8%
IV Percentile	70.6%	25.8%	100.0%	61.1%	25.8%
Term Structure	-0.8%	-2.8%	1.2%	0.3%	1.2%
VWIV	34.8%	26.9%	40.9%	36.5%	27.2%
Skew 25d	6.9%	-1.4%	34.4%	6.1%	2.4%
Skew 10d	12.3%	-5.8%	74.3%	1.8%	3.4%
Call IV 25d	32.3%	28.7%	37.0%	30.6%	28.7%
Put IV 25d	39.3%	31.1%	68.0%	36.7%	31.1%
Bid-Ask Spread %	67.20	44.02	92.69	69.03	59.26
Gamma HHI	0.36	0.33	0.47	0.34	0.47
Net GEX	107.0K	84.0K	175.1K	96.5K	175.1K
Net DEX	-1.6M	-3.3M	-407.2K	-1.7M	-3.3M
Net VEX	-19.0K	-20.3K	-17.4K	-20.3K	-19.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.97	0.12	8.96	5.49	1.09
Total Volume	856.7	192	1,058	1,058	192
Total OI	5,000.8	4,832	5,480	4,898	5,480

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
2022-07-01	$21.43	$20.00	30.6%	8.8%	44.2%	25.3%	36.5%	6.1%	0.3%	96.5K	-1.7M	-20.3K	5.49	69.03	163	895	3,261	1,637
2022-07-05	$20.92	$20.00	40.1%	10.8%	44.4%	44.5%	35.2%	8.1%	-2.6%	92.7K	-1.3M	-20.1K	6.53	71.74	137	895	3,293	1,648
2022-07-06	$21.05	$20.00	39.4%	10.6%	44.2%	43.1%	36.5%	7.0%	0.2%	95.1K	-1.4M	-20.1K	8.01	67.13	111	889	3,314	1,648
2022-07-07	$21.20	$20.00	38.7%	10.8%	44.3%	41.7%	37.1%	6.5%	-0.7%	105.2K	-1.6M	-20.1K	8.08	57.43	110	889	3,315	1,653
2022-07-08	$20.99	$20.00	30.9%	10.1%	44.0%	26.1%	35.0%	6.0%	-0.6%	98.4K	-1.5M	-19.8K	7.48	44.02	120	898	3,315	1,653
2022-07-11	$20.86	$20.00	82.1%	10.6%	44.0%	100.0%	36.1%	7.0%	-2.1%	96.1K	-1.2M	-19.4K	7.51	85.05	121	909	3,320	1,663
2022-07-12	$20.59	$20.00	33.9%	10.5%	42.6%	24.0%	37.5%	8.3%	0.0%	86.7K	-789.6K	-18.3K	7.58	61.15	120	909	3,320	1,673
2022-07-13	$20.67	$20.00	36.9%	10.6%	38.5%	28.8%	36.5%	8.3%	-2.0%	93.8K	-1.0M	-18.5K	7.45	65.89	122	909	3,320	1,673
2022-07-14	$20.52	$20.00	37.8%	10.8%	38.6%	30.2%	37.4%	8.5%	-2.5%	84.0K	-801.2K	-18.3K	6.82	62.51	127	866	3,320	1,674
2022-07-15	$20.58	$20.00	35.9%	10.3%	38.5%	27.3%	35.8%	34.4%	-0.4%	85.6K	-902.3K	-18.4K	6.98	92.69	122	851	3,330	1,675
2022-07-18	$20.16	$20.00	35.0%	10.0%	31.1%	25.8%	34.7%	5.7%	-1.5%	85.6K	-407.2K	-17.4K	5.98	72.99	132	790	3,226	1,606
2022-07-19	$20.99	$20.00	36.3%	10.4%	33.8%	27.8%	40.9%	10.5%	0.1%	100.4K	-1.1M	-18.0K	7.62	53.80	107	815	3,226	1,606
2022-07-20	$21.00	$20.00	34.9%	10.0%	33.5%	25.6%	38.8%	6.9%	0.5%	100.2K	-1.1M	-18.3K	8.96	60.31	91	815	3,253	1,631
2022-07-21	$21.35	$20.00	31.2%	8.9%	33.6%	19.8%	37.6%	6.0%	-1.1%	102.5K	-1.5M	-18.8K	7.55	61.32	108	815	3,257	1,631
2022-07-22	$21.29	$20.00	31.3%	9.0%	33.4%	20.0%	31.8%	2.2%	-2.8%	106.3K	-1.6M	-18.8K	8.41	77.68	98	824	3,279	1,631
2022-07-25	$21.57	$20.00	32.0%	9.2%	30.2%	21.1%	35.8%	5.7%	-2.3%	111.1K	-1.8M	-18.5K	6.75	66.92	122	824	3,288	1,641
2022-07-26	$22.59	$20.00	29.6%	8.5%	33.7%	17.3%	29.5%	-1.0%	0.6%	114.6K	-3.2M	-18.9K	0.12	80.75	521	64	3,295	1,642
2022-07-27	$22.44	$20.00	27.7%	7.9%	31.5%	14.3%	28.8%	-1.4%	-0.1%	142.5K	-3.3M	-19.3K	0.39	69.20	244	96	3,572	1,643
2022-07-28	$22.41	$20.00	26.1%	7.5%	31.2%	11.7%	26.9%	1.8%	0.4%	168.5K	-3.2M	-19.9K	0.50	65.15	208	105	3,717	1,687
2022-07-29	$22.35	$20.00	25.5%	7.3%	30.9%	10.8%	27.2%	2.4%	1.2%	175.1K	-3.3M	-19.9K	1.09	59.26	92	100	3,782	1,698