GPK Options History — June 2023

In June 2023, GPK traded between $23.59 and $26.95. ATM implied volatility averaged 25.1%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 0.6% (HV 20d: 25.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.60.

Notable Days

  • 2023-06-09: Highest Volume — 1,306 contracts
  • 2023-06-14: Largest IV drop — 44.5% change
  • 2023-06-13: Highest IV Rank — 39.7%
  • 2023-06-29: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.13$23.59$26.95$24.19$24.05
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV25.1%19.6%44.1%24.6%21.9%
Expected Move6.8%5.6%8.3%7.1%6.3%
HV 20d25.6%16.8%31.6%16.8%31.6%
HV 60d21.1%19.3%22.9%20.0%22.8%
IV Rank9.4%0.8%39.7%8.8%4.5%
IV Percentile15.8%0.8%99.6%8.3%2.8%
Term Structure2.4%-2.1%7.3%-2.1%4.3%
VWIV23.5%21.6%26.1%25.0%22.3%
Skew 25d3.7%-8.2%18.1%3.6%2.8%
Skew 10d5.9%-9.8%25.9%1.8%3.2%
Call IV 25d23.7%15.5%45.2%25.3%22.3%
Put IV 25d27.4%20.5%63.3%28.8%25.1%
Bid-Ask Spread %67.8821.7090.4243.2969.71
Gamma HHI0.580.470.810.580.64
Net GEX235.2K93.9K545.9K297.1K183.9K
Net DEX-5.4M-11.1M-739.7K-3.2M-1.8M
Net VEX-22.7K-26.6K-19.2K-20.4K-23.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.013.620.190.03
Total Volume494.429831,30683570
Total OI8,063.195,3779,8608,6606,919

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$24.19$25.0024.6%7.1%16.8%8.8%25.0%3.6%-2.1%297.1K-3.2M-20.4K0.1943.2970136,0482,612
2023-06-02$24.98$25.0023.1%6.6%20.7%6.3%23.1%-4.6%-1.2%491.5K-5.5M-22.8K0.0121.701,206116,0702,618
2023-06-05$25.48$25.0025.6%6.6%20.5%10.3%23.1%-8.2%2.2%545.9K-7.4M-22.6K0.3080.176481956,4112,618
2023-06-06$25.93$25.0021.8%6.8%21.3%4.3%23.8%18.1%1.7%529.5K-9.0M-21.5K3.6257.57933376,4622,777
2023-06-07$26.38$25.0023.9%6.9%22.0%7.7%24.1%-2.4%2.8%394.3K-9.6M-23.5K0.1366.5483116,4993,102
2023-06-08$26.41$25.0024.6%6.8%21.9%8.8%24.7%2.2%3.9%167.5K-10.2M-21.5K0.0934.10219206,5053,102
2023-06-09$26.52$25.0025.4%6.6%21.4%9.9%23.0%8.5%4.4%171.7K-10.5M-21.5K0.1990.421,0982086,5183,112
2023-06-12$26.95$25.0034.2%7.2%21.7%23.9%25.2%9.2%4.4%175.3K-11.1M-22.7K0.5286.03113596,6203,240
2023-06-13$26.21$25.0044.1%7.4%24.0%39.7%26.1%6.3%0.7%169.0K-9.9M-22.5K0.1752.761,1081836,5803,255
2023-06-14$25.84$25.0024.5%7.0%24.4%8.6%24.9%4.8%1.8%254.2K-6.1M-22.3K2.0583.60641315,3743,311
2023-06-15$26.16$25.0024.1%6.9%24.6%8.0%25.0%5.3%-0.6%186.9K-6.9M-23.0K0.4569.3184385,3883,395
2023-06-16$25.82$25.0024.9%7.1%25.0%9.2%24.7%5.3%0.4%170.9K-6.4M-23.0K0.0386.4815855,4223,420
2023-06-20$24.77$25.0023.0%6.6%29.0%6.2%23.1%2.8%4.5%159.9K-3.0M-22.1K1.8874.881082034,1031,274
2023-06-21$24.52$25.0023.1%6.6%29.2%6.3%23.3%0.5%3.2%145.8K-2.3M-20.0K1.9065.872514774,1451,392
2023-06-22$23.94$25.0019.6%5.6%30.1%0.8%22.4%1.0%5.0%93.9K-739.7K-19.2K0.1282.63588694,3501,822
2023-06-23$23.62$25.0023.3%6.7%30.0%6.7%22.1%3.9%7.3%120.1K-896.2K-23.7K0.0586.15607304,7121,856
2023-06-26$23.98$25.0021.8%6.2%30.6%4.2%22.3%3.5%3.8%163.4K-1.7M-23.8K0.5284.01145765,0951,891
2023-06-27$24.34$25.0021.8%6.2%31.0%4.2%21.6%5.2%3.9%189.7K-2.6M-26.0K0.0447.77295115,1371,932
2023-06-28$24.01$25.0021.8%6.2%31.3%4.3%21.9%4.7%3.0%169.7K-2.2M-26.6K0.0264.7218945,1531,945
2023-06-29$23.59$25.0029.0%8.3%30.9%15.7%22.2%5.0%-1.8%158.2K-1.6M-25.1K0.2077.805041015,1991,943
2023-06-30$24.05$25.0021.9%6.3%31.6%4.5%22.3%2.8%4.3%183.9K-1.8M-23.1K0.0369.71556145,0471,872