GPK Options History — November 2022

In November 2022, GPK traded between $21.70 and $22.96. ATM implied volatility averaged 30.9%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 0.1% (HV 20d: 30.8%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.91.

Notable Days

  • 2022-11-21: Highest Volume — 523 contracts
  • 2022-11-28: Largest IV spike — 18.5% change
  • 2022-11-28: Highest IV Rank — 22.7%
  • 2022-11-28: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.52$21.70$22.96$22.91$22.89
Max Pain$22.26$20.00$22.50$20.00$22.50
ATM IV30.9%27.9%35.3%34.0%27.9%
Expected Move8.8%8.0%10.1%9.7%8.0%
HV 20d30.8%22.1%37.5%36.1%24.1%
HV 60d34.1%33.4%34.7%33.4%34.7%
IV Rank15.3%10.3%22.7%20.5%10.3%
IV Percentile44.2%21.0%74.6%65.1%21.0%
Term Structure0.3%-5.9%8.0%-1.9%0.1%
VWIV32.3%27.9%38.6%38.6%27.9%
Skew 25d8.1%1.3%15.9%8.6%14.9%
Skew 10d13.4%3.6%26.1%16.5%26.1%
Call IV 25d27.4%19.0%34.2%31.8%19.0%
Put IV 25d35.5%32.4%40.4%40.4%33.9%
Bid-Ask Spread %77.9741.8798.1277.6689.75
Gamma HHI0.480.330.750.500.75
Net GEX224.2K22.6K424.3K272.4K178.5K
Net DEX-1.8M-3.3M33.3K-3.3M-2.1M
Net VEX-14.6K-20.8K-9.3K-20.8K-11.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.001.891.000.26
Total Volume282.4761452325434
Total OI8,678.2387,9488,9328,8788,635

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-11-01$22.91$20.0034.0%9.7%36.1%20.5%38.6%8.6%-1.9%272.4K-3.3M-20.8K1.0077.661271276,1872,691
2022-11-02$22.36$20.0030.4%8.7%37.5%14.6%36.7%4.8%1.6%220.6K-2.0M-18.6K1.0595.951111176,1722,691
2022-11-03$22.47$22.5032.8%9.0%37.0%18.5%32.8%5.3%0.5%237.5K-2.2M-18.9K1.0141.871161176,1582,695
2022-11-04$22.79$22.5031.7%9.1%32.9%16.7%31.7%5.0%-0.0%270.7K-2.9M-19.7K0.7457.731391036,1642,695
2022-11-07$22.73$22.5033.8%9.2%32.4%20.2%30.0%6.6%0.1%274.5K-2.7M-18.7K0.5353.241901006,2262,698
2022-11-08$22.96$22.5033.9%9.3%32.0%20.3%32.2%6.4%-0.2%296.3K-3.3M-18.6K0.7658.141321006,2072,698
2022-11-09$22.55$22.5031.6%9.0%33.0%16.4%32.4%3.3%0.5%261.9K-2.2M-17.0K0.7665.241311006,2062,698
2022-11-10$22.41$22.5030.3%8.7%32.1%14.3%29.1%7.6%2.4%245.7K-1.5M-15.3K1.1070.101301436,2052,699
2022-11-11$21.70$22.5029.9%8.6%34.3%13.7%31.9%1.3%1.6%105.6K33.3K-13.2K1.4587.041071556,1952,700
2022-11-14$22.15$22.5031.0%8.9%34.5%15.5%31.2%6.4%0.5%252.0K-1.2M-14.1K1.1886.281441706,2082,698
2022-11-15$22.22$22.5030.1%8.6%33.7%14.0%31.0%5.6%1.2%289.6K-1.3M-13.6K1.4685.981141666,2252,703
2022-11-16$22.44$22.5030.2%8.7%33.3%14.3%30.3%6.7%1.0%398.3K-2.0M-14.3K1.6173.771031666,2282,704
2022-11-17$22.25$22.5029.6%8.5%32.8%13.3%29.7%13.7%-0.1%288.8K-1.2M-12.7K1.8982.01881666,2032,704
2022-11-18$22.56$22.5028.7%8.2%32.5%11.7%29.2%9.3%1.0%424.3K-2.3M-13.4K0.7284.982311666,1982,704
2022-11-21$22.27$22.5029.7%8.5%32.7%13.4%33.8%13.1%-1.0%80.4K-526.3K-11.4K1.4486.482143095,3602,588
2022-11-22$22.62$22.5029.3%8.4%23.6%12.6%36.8%5.1%-1.3%129.5K-1.2M-11.6K1.0286.252572635,3622,759
2022-11-23$22.62$22.5028.7%8.2%22.5%11.7%36.2%5.5%-1.1%139.2K-1.2M-11.6K1.0681.612462615,3722,759
2022-11-25$22.84$22.5029.8%8.6%22.1%13.6%0.0%15.9%8.0%168.3K-1.7M-11.6K0.0091.231405,3752,758
2022-11-28$22.36$22.5035.3%10.1%23.3%22.7%31.5%9.7%-5.9%22.6K-618.5K-9.3K0.0298.1249985,3892,758
2022-11-29$22.73$22.5029.9%8.6%24.0%13.7%0.0%15.2%-1.2%152.1K-1.7M-11.6K0.0083.996805,7862,782
2022-11-30$22.89$22.5027.9%8.0%24.1%10.3%27.9%14.9%0.1%178.5K-2.1M-11.1K0.2689.752775,8532,782