GPK Options History — December 2022

In December 2022, GPK traded between $21.26 and $22.96. ATM implied volatility averaged 26.7%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 6.3% (HV 20d: 20.4%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.30.

Notable Days

  • 2022-12-08: Highest Volume — 4,729 contracts
  • 2022-12-19: Largest IV spike — 36.2% change
  • 2022-12-12: Highest IV Rank — 21.9%
  • 2022-12-06: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.18$21.26$22.96$22.96$22.16
Max Pain$21.31$20.00$22.50$22.50$22.50
ATM IV26.7%19.3%34.8%28.3%23.8%
Expected Move7.5%5.5%11.3%8.1%6.8%
HV 20d20.4%17.6%22.9%22.4%20.2%
HV 60d30.8%27.5%34.3%34.2%27.5%
IV Rank10.0%0.0%21.9%11.1%7.1%
IV Percentile18.5%0.0%71.0%24.6%2.0%
Term Structure2.5%-6.9%7.9%-3.6%4.7%
VWIV26.1%20.7%38.7%28.3%23.8%
Skew 25d8.8%4.5%21.9%15.0%7.5%
Skew 10d12.4%-2.1%27.0%27.0%11.0%
Call IV 25d21.9%18.7%28.1%19.1%23.7%
Put IV 25d30.7%27.3%40.7%34.1%31.2%
Bid-Ask Spread %85.4276.37109.9181.2792.82
Gamma HHI0.480.320.850.740.44
Net GEX78.0K-7.1K191.5K191.5K108.0K
Net DEX-472.5K-2.2M1.7M-2.2M-156.1K
Net VEX-17.6K-25.0K-8.1K-11.3K-23.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.002.000.070.00
Total Volume407.71404,7296411
Total OI8,143.4294,57411,3058,6297,165

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-12-01$22.96$22.5028.3%8.1%22.4%11.1%28.3%15.0%-3.6%191.5K-2.2M-11.3K0.0781.276045,8522,777
2022-12-02$22.91$22.5028.2%8.1%22.4%10.9%26.5%7.8%-1.9%177.5K-2.1M-10.2K0.0881.721215,8942,777
2022-12-05$22.52$20.0029.6%7.8%22.7%13.2%26.7%4.5%2.4%91.1K-1.3M-9.0K0.0076.373505,9132,777
2022-12-06$22.71$20.0029.7%11.3%22.9%13.4%0.0%21.9%-6.9%107.9K-1.7M-9.7K0.10109.912935,9382,778
2022-12-07$22.52$20.0030.9%7.8%22.7%15.4%38.7%6.1%2.3%75.0K-1.2M-8.3K0.3385.52625,9482,778
2022-12-08$22.27$20.0030.6%7.9%22.2%14.9%32.8%4.5%2.2%39.8K-742.1K-8.1K1.7485.351,7283,0015,9512,781
2022-12-09$22.16$20.0029.5%7.5%22.1%13.0%28.9%4.7%2.1%13.8K-80.4K-20.6K0.0080.35506,8124,262
2022-12-12$22.27$20.0034.8%7.5%18.8%21.9%0.0%12.0%2.6%7.7K-118.2K-20.8K2.0078.72246,8104,262
2022-12-13$22.46$20.0027.5%7.2%17.6%9.8%25.0%10.9%2.4%-7.1K-287.5K-20.5K0.0091.7378706,8094,262
2022-12-14$22.26$20.0024.4%7.0%17.9%4.7%21.8%8.9%4.0%35.4K-34.4K-21.3K0.0893.105247,0434,262
2022-12-15$21.77$22.5025.3%7.3%19.1%6.1%24.4%5.4%2.6%56.4K1.3M-19.7K0.1192.294657,0334,255
2022-12-16$21.34$22.5019.3%5.5%20.1%0.0%20.7%8.7%7.9%64.4K1.7M-19.0K0.0086.452107,0254,253
2022-12-19$21.26$22.5026.4%7.6%19.2%11.2%25.3%4.8%4.0%56.2K290.9K-17.9K0.1691.632542,7281,846
2022-12-20$21.38$22.5024.7%7.1%19.1%8.5%23.6%6.5%4.8%57.2K168.9K-18.0K0.0085.804202,7461,850
2022-12-21$21.86$22.5023.3%6.7%20.0%6.2%23.5%7.1%3.9%80.9K-336.7K-19.0K0.0677.203422,7781,850
2022-12-22$21.91$20.0024.4%7.0%20.0%8.0%25.4%8.6%3.4%80.8K-387.3K-19.2K0.0379.253612,8071,853
2022-12-23$22.18$20.0023.8%6.8%20.2%7.2%23.8%7.2%4.2%94.9K-647.6K-19.4K0.9984.961,2871,2712,8011,854
2022-12-27$22.45$22.5025.4%7.3%19.4%9.7%25.4%11.3%3.2%102.6K-1.1M-25.0K0.1978.592754,0713,082
2022-12-28$22.01$22.5025.2%7.2%19.6%9.3%25.2%9.2%4.9%97.7K-116.3K-24.1K0.0080.151004,0823,082
2022-12-29$22.32$22.5024.8%7.1%20.2%8.8%0.0%11.9%3.5%106.0K-766.2K-24.2K0.0080.70004,0833,082
2022-12-30$22.16$22.5023.8%6.8%20.2%7.1%23.8%7.5%4.7%108.0K-156.1K-23.8K0.0092.821104,0833,082