GPK Options History — September 2022

In September 2022, GPK traded between $19.67 and $23.64. ATM implied volatility averaged 31.5%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 3.5% (HV 20d: 28.0%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2022-09-14: Highest Volume — 919 contracts
  • 2022-09-15: Largest IV drop — 30.9% change
  • 2022-09-14: Highest IV Rank — 32.2%
  • 2022-09-14: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.65$19.67$23.64$22.18$19.79
Max Pain$18.93$17.50$20.00$20.00$20.00
ATM IV31.5%24.8%39.1%27.0%35.9%
Expected Move8.7%7.2%11.2%7.7%10.3%
HV 20d28.0%17.5%38.3%20.5%38.3%
HV 60d29.6%26.6%31.8%31.8%29.4%
IV Rank20.2%9.7%32.2%13.2%27.1%
IV Percentile55.2%9.9%92.1%25.4%81.0%
Term Structure0.6%-12.0%3.5%0.4%1.4%
VWIV31.4%24.9%40.6%27.2%38.1%
Skew 25d6.0%1.3%13.2%9.8%5.4%
Skew 10d5.7%-17.3%31.3%15.6%8.2%
Call IV 25d28.9%23.1%38.1%24.3%37.1%
Put IV 25d34.9%24.9%44.1%34.0%42.4%
Bid-Ask Spread %78.1249.24113.5068.5068.26
Gamma HHI0.510.450.660.470.47
Net GEX273.5K28.8K656.1K433.4K38.9K
Net DEX-3.6M-10.8M1.3M-5.7M1.0M
Net VEX-27.9K-36.0K-17.1K-35.9K-18.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.011.920.271.16
Total Volume296.33331919354305
Total OI10,139.4298,56211,91611,9168,843

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$22.18$20.0027.0%7.7%20.5%13.2%27.2%9.8%0.4%433.4K-5.7M-35.9K0.2768.50279759,5692,347
2022-09-02$22.36$20.0027.5%7.9%20.6%14.0%27.5%1.3%-1.2%438.3K-6.2M-36.0K1.9279.7013259,3762,327
2022-09-06$22.55$17.5030.1%7.9%17.5%18.1%35.2%5.6%2.6%454.7K-6.1M-33.8K0.3974.91206819,3762,336
2022-09-07$23.18$17.5029.5%8.2%19.2%17.1%34.3%6.2%1.6%513.8K-8.2M-35.6K0.2765.51196539,3872,335
2022-09-08$23.07$17.5024.8%7.9%18.5%9.7%28.0%5.4%1.5%506.3K-8.4M-34.6K0.2949.2463189,3872,331
2022-09-09$23.36$17.5030.9%7.4%19.0%19.2%24.9%4.7%3.5%511.2K-9.3M-35.6K0.0369.933019,3732,345
2022-09-12$23.64$17.5034.7%7.8%19.4%25.3%25.5%3.7%-0.2%502.2K-10.8M-34.8K0.1462.70277399,3582,346
2022-09-13$23.00$17.5035.0%7.8%21.9%25.7%27.9%5.5%1.2%656.1K-8.4M-33.4K0.2853.68265749,3382,337
2022-09-14$22.79$17.5039.1%11.2%21.4%32.2%31.6%7.1%-2.4%401.7K-6.1M-33.0K0.0289.18900198,5732,336
2022-09-15$22.78$17.5027.0%7.7%21.3%13.2%25.3%7.0%-12.0%469.6K-5.7M-33.7K0.1984.40116228,4202,329
2022-09-16$21.29$17.5026.5%7.6%31.5%12.3%30.0%2.6%1.0%132.8K-1.7M-27.2K0.43113.505722458,3962,333
2022-09-19$21.91$20.0026.4%7.6%33.4%12.2%30.6%5.8%1.1%172.6K-2.1M-28.4K0.0190.0730746,5032,199
2022-09-20$21.35$20.0025.0%7.2%34.4%10.0%29.8%4.8%1.4%120.7K-1.0M-24.7K0.1490.90198276,3592,203
2022-09-21$20.85$20.0030.2%8.7%34.6%18.2%28.8%5.0%3.3%95.2K-1.1M-26.5K0.5091.62109556,3952,229
2022-09-22$20.90$20.0032.4%9.3%34.8%21.6%31.9%4.5%2.7%95.4K-265.1K-23.6K0.3185.7289286,4122,281
2022-09-23$20.30$20.0035.3%10.1%35.3%26.3%37.1%8.3%0.9%59.0K512.4K-20.3K1.0890.3049536,3612,286
2022-09-26$19.76$20.0035.3%10.1%35.6%26.2%40.6%5.0%1.1%29.1K1.3M-17.1K0.5285.402561346,3322,303
2022-09-27$19.67$20.0036.4%10.4%35.5%28.0%38.8%6.0%0.6%28.8K1.3M-17.1K1.1581.901241436,2952,310
2022-09-28$20.22$20.0035.6%10.2%37.5%26.7%34.5%8.3%2.2%50.2K712.7K-18.5K0.5671.642451366,3172,308
2022-09-29$19.72$20.0036.9%10.6%38.1%28.7%32.4%13.2%1.1%34.2K1.2M-17.2K0.7273.492281646,4312,306
2022-09-30$19.79$20.0035.9%10.3%38.3%27.1%38.1%5.4%1.4%38.9K1.0M-18.2K1.1668.261411646,4552,388