GPK Options History — October 2022

In October 2022, GPK traded between $19.84 and $23.38. ATM implied volatility averaged 36.6%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded below realized volatility by 2.4% (HV 20d: 38.9%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.35.

Notable Days

  • 2022-10-25: Highest Volume — 1,351 contracts
  • 2022-10-19: Largest IV spike — 14.8% change
  • 2022-10-19: Highest IV Rank — 30.3%
  • 2022-10-19: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.27$19.84$23.38$20.02$23.02
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV36.6%32.7%39.9%35.2%34.6%
Expected Move10.5%9.4%11.4%10.1%9.9%
HV 20d38.9%33.5%44.0%38.4%38.3%
HV 60d31.8%29.5%34.1%29.5%34.0%
IV Rank24.9%18.4%30.3%26.1%21.5%
IV Percentile81.0%60.3%94.0%77.8%68.7%
Term Structure-0.8%-3.3%2.0%1.7%-1.9%
VWIV36.4%29.6%43.1%43.1%30.6%
Skew 25d6.0%-0.3%11.2%11.2%6.3%
Skew 10d11.1%-7.9%23.5%18.2%12.2%
Call IV 25d33.6%30.2%38.4%30.8%32.9%
Put IV 25d39.6%34.5%42.4%42.0%39.1%
Bid-Ask Spread %66.2927.92100.9664.8676.05
Gamma HHI0.480.420.590.490.51
Net GEX110.8K28.3K290.3K48.0K279.4K
Net DEX-540.1K-4.5M1.4M765.8K-3.7M
Net VEX-20.5K-24.1K-17.3K-18.5K-22.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.113.682.930.74
Total Volume511.0952491,351542316
Total OI8,978.0958,1229,2928,8428,877

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-10-03$20.02$20.0035.2%10.1%38.4%26.1%43.1%11.2%1.7%48.0K765.8K-18.5K2.9364.861384046,4542,388
2022-10-04$20.90$20.0034.6%9.9%41.9%21.5%34.5%3.8%2.0%76.7K166.5K-22.3K3.6875.751174306,4762,628
2022-10-05$20.95$20.0036.1%10.3%40.3%23.9%36.6%4.7%1.3%84.1K-15.2K-23.2K2.4867.281664116,4622,653
2022-10-06$20.69$20.0036.0%10.7%40.4%23.7%34.1%8.0%-0.7%64.8K388.1K-21.0K2.6146.121584126,4752,654
2022-10-07$19.84$20.0035.9%10.7%41.8%23.6%35.1%5.8%-1.1%28.3K1.4M-18.7K3.4974.041093806,4722,654
2022-10-10$20.34$20.0038.0%11.0%42.9%27.1%38.4%6.7%-1.6%43.2K921.1K-20.0K0.6370.562391516,4862,703
2022-10-11$20.17$20.0038.2%11.2%42.2%27.5%39.0%5.8%-1.6%41.7K1.0M-19.5K1.3174.561121476,5372,737
2022-10-12$20.14$20.0039.5%11.3%42.3%29.5%38.6%6.2%-1.8%41.6K997.8K-18.7K1.2668.021101396,5362,743
2022-10-13$20.73$20.0039.1%11.2%44.0%29.0%39.1%7.9%-2.1%64.2K384.2K-20.0K1.2266.001161416,5312,742
2022-10-14$20.56$20.0038.8%11.1%37.3%28.5%38.1%6.1%-1.1%53.2K602.7K-19.0K0.6066.472341416,5482,744
2022-10-17$20.95$20.0038.2%11.0%36.4%27.4%37.1%7.5%-0.8%69.0K193.2K-19.4K0.5157.715702916,4692,744
2022-10-18$21.41$20.0034.8%10.0%36.2%21.7%38.3%9.4%-0.5%87.1K-164.1K-19.8K1.0464.151801876,1142,743
2022-10-19$21.12$20.0039.9%11.4%35.5%30.3%36.2%8.5%-2.3%59.4K171.6K-18.7K1.2150.201551876,0352,743
2022-10-20$20.78$20.0038.1%10.9%36.0%27.2%36.1%6.2%-0.9%34.7K712.5K-17.3K1.5353.911301996,0262,743
2022-10-21$21.19$20.0038.2%10.9%35.0%27.4%35.2%5.6%-1.4%63.2K240.1K-18.6K1.5569.011131756,0562,758
2022-10-24$21.52$20.0038.5%11.0%33.5%27.8%38.5%2.9%-3.3%74.8K-81.3K-19.1K0.1427.921,0231415,4852,637
2022-10-25$22.95$20.0033.9%9.7%39.5%20.4%33.9%4.9%-0.7%284.6K-3.6M-24.1K0.1164.131,2131386,3442,638
2022-10-26$23.38$20.0034.0%9.7%39.0%20.5%29.6%5.7%0.3%290.3K-4.5M-23.9K0.2674.135411416,0792,643
2022-10-27$22.99$20.0033.7%9.7%38.2%20.0%39.2%3.8%-0.3%268.8K-3.7M-23.2K0.4680.202961376,2212,684
2022-10-28$22.92$20.0032.7%9.4%38.4%18.4%32.2%-0.3%-0.6%269.8K-3.5M-22.7K0.60100.962161296,1892,689
2022-10-31$23.02$20.0034.6%9.9%38.3%21.5%30.6%6.3%-1.9%279.4K-3.7M-22.3K0.7476.051821346,1862,691