GPK Options History — August 2022

In August 2022, GPK traded between $21.65 and $23.59. ATM implied volatility averaged 27.6%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 3.4% (HV 20d: 24.1%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.33.

Notable Days

  • 2022-08-08: Highest Volume — 9,284 contracts
  • 2022-08-04: Largest IV spike — 17.7% change
  • 2022-08-05: Highest IV Rank — 20.4%
  • 2022-08-09: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.85$21.65$23.59$22.33$22.40
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV27.6%25.5%31.6%26.2%27.5%
Expected Move7.8%7.1%8.2%7.5%7.9%
HV 20d24.1%18.4%28.4%27.4%20.7%
HV 60d33.4%31.7%35.0%34.9%31.7%
IV Rank14.1%10.8%20.4%11.9%14.0%
IV Percentile34.8%25.0%63.1%29.4%32.1%
Term Structure1.3%-1.2%4.0%0.2%-0.2%
VWIV27.9%23.8%39.1%28.5%27.8%
Skew 25d4.6%-0.3%11.7%2.5%9.2%
Skew 10d4.4%-3.9%19.0%3.1%14.5%
Call IV 25d24.7%16.6%30.4%30.4%24.6%
Put IV 25d29.3%24.7%34.5%32.9%33.8%
Bid-Ask Spread %68.1051.6794.2351.6763.48
Gamma HHI0.540.420.620.490.47
Net GEX390.8K176.6K493.3K180.5K447.1K
Net DEX-7.4M-11.3M-2.2M-3.2M-6.1M
Net VEX-36.4K-46.2K-18.6K-19.5K-36.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.001.471.330.25
Total Volume838.739949,284198536
Total OI10,190.0875,50112,5335,50111,684

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-08-01$22.33$20.0026.2%7.5%27.4%11.9%28.5%2.5%0.2%180.5K-3.2M-19.5K1.3351.67851133,7941,707
2022-08-02$22.03$20.0025.6%7.3%26.3%11.0%39.1%4.1%0.6%181.2K-2.7M-19.0K0.8578.111211033,7971,715
2022-08-03$21.93$20.0025.5%7.3%26.4%10.8%29.9%4.7%-0.1%186.6K-2.7M-19.2K0.5094.233121553,9181,714
2022-08-04$21.65$20.0030.0%7.7%26.8%17.9%32.2%3.2%1.7%179.2K-2.2M-18.7K1.4782.461061563,9351,761
2022-08-05$21.69$20.0031.6%7.1%26.5%20.4%26.2%8.6%3.3%176.6K-2.2M-18.6K0.7373.69134983,9491,762
2022-08-08$22.39$20.0028.7%8.1%28.4%15.9%29.6%6.5%3.3%183.7K-3.5M-18.9K0.0275.749,1131713,9521,764
2022-08-09$22.77$20.0027.6%8.2%28.0%14.1%28.5%4.9%1.3%445.4K-8.2M-46.0K0.0473.54758289,4291,893
2022-08-10$23.11$20.0027.4%7.8%28.2%13.7%25.9%5.0%4.0%452.5K-9.3M-46.2K0.0259.181,606259,3711,911
2022-08-11$23.19$20.0028.0%8.0%27.9%14.8%27.8%4.2%2.3%465.7K-9.5M-45.6K0.0554.72747369,6851,965
2022-08-12$23.30$20.0027.4%7.8%27.8%13.7%26.6%1.1%1.5%473.6K-9.8M-45.3K0.0162.6440759,9321,994
2022-08-15$23.28$20.0027.2%7.8%26.1%13.4%26.8%4.8%3.2%438.9K-9.7M-43.5K0.0355.86698209,7711,998
2022-08-16$23.59$20.0027.2%7.8%23.2%13.5%27.1%2.8%2.9%475.8K-11.3M-44.7K0.4062.4177830810,0762,004
2022-08-17$23.42$20.0026.7%7.6%23.6%12.7%25.6%1.4%2.4%466.4K-10.2M-44.2K0.2684.031924910,2402,293
2022-08-18$23.57$20.0027.7%8.0%23.2%14.3%23.8%3.1%0.3%491.4K-10.5M-44.4K0.0163.58350510,1402,293
2022-08-19$23.20$20.0026.5%7.6%24.2%12.3%31.4%0.7%1.6%460.4K-9.4M-42.6K0.0183.728601210,0992,298
2022-08-22$23.10$20.0028.1%8.0%24.2%14.8%26.4%-0.3%-0.1%450.2K-8.7M-41.6K0.0162.9233929,4032,172
2022-08-23$23.34$20.0027.2%7.8%18.4%13.5%27.0%2.1%1.2%482.4K-9.3M-41.5K0.1555.71112179,4442,173
2022-08-24$23.22$20.0027.2%7.8%18.4%13.5%24.9%9.5%0.4%493.3K-8.8M-41.2K1.0666.4381869,4392,174
2022-08-25$23.45$20.0026.8%7.7%18.5%12.8%25.4%3.5%1.7%481.9K-9.6M-41.4K0.0056.259409,4322,252
2022-08-26$22.96$20.0027.5%7.9%20.3%14.0%27.9%6.6%-1.2%456.0K-8.3M-40.5K0.1568.53173269,3922,252
2022-08-29$22.97$20.0028.4%8.1%20.3%15.4%25.0%6.6%-0.2%460.1K-8.1M-39.3K0.3260.4673239,4042,274
2022-08-30$22.63$20.0028.2%8.1%20.4%15.1%28.2%11.7%0.1%460.2K-7.1M-38.4K0.0476.9217179,4212,296
2022-08-31$22.40$20.0027.5%7.9%20.7%14.0%27.8%9.2%-0.2%447.1K-6.1M-36.8K0.2563.484281089,3872,297