GPK Options History — August 2023

In August 2023, GPK traded between $21.45 and $23.43. ATM implied volatility averaged 23.9%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 3.3% (HV 20d: 20.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 4.75.

Notable Days

  • 2023-08-21: Highest Volume — 1,236 contracts
  • 2023-08-25: Largest IV drop — 8.9% change
  • 2023-08-08: Highest IV Rank — 30.6%
  • 2023-08-09: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.40$21.45$23.43$23.43$22.29
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV23.9%19.9%26.8%25.0%19.9%
Expected Move6.8%5.7%7.3%7.2%5.7%
HV 20d20.6%16.7%23.0%23.0%16.7%
HV 60d24.1%22.7%24.5%24.3%22.7%
IV Rank19.1%3.3%30.6%23.6%3.3%
IV Percentile14.2%1.2%36.1%21.0%1.2%
Term Structure1.2%-1.8%6.8%0.6%2.0%
VWIV23.8%19.7%29.4%25.7%19.9%
Skew 25d9.3%-3.3%88.6%-0.8%70.6%
Skew 10d17.9%-7.3%135.4%9.6%101.1%
Call IV 25d22.8%17.9%26.8%25.9%19.5%
Put IV 25d32.1%18.6%107.4%25.1%90.2%
Bid-Ask Spread %55.0631.2292.0992.0964.79
Gamma HHI0.400.300.530.340.38
Net GEX5.1K-64.9K73.0K40.6K-53.0K
Net DEX3.6M889.4K6.4M3.3M1.1M
Net VEX-13.4K-19.9K-9.5K-19.9K-11.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.750.0060.500.470.03
Total Volume159.478191,23644637
Total OI8,888.136,4589,8359,6487,783

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$23.43$25.0025.0%7.2%23.0%23.6%25.7%-0.8%0.6%40.6K3.3M-19.9K0.4792.093031435,9693,679
2023-08-02$23.37$25.0025.3%7.2%20.8%24.7%23.2%-1.8%-0.6%26.6K3.6M-19.2K0.6953.74126875,8883,795
2023-08-03$22.95$25.0024.8%6.8%21.7%22.6%23.4%3.4%2.7%50.9K4.8M-15.2K1.6169.61621005,8303,809
2023-08-04$23.09$25.0024.8%7.3%20.9%22.8%24.8%-2.7%0.9%52.7K4.4M-16.8K0.5643.7075425,8543,839
2023-08-07$23.24$25.0026.3%7.2%21.1%28.6%24.2%-0.0%1.7%67.4K4.0M-19.0K0.2955.3266195,8863,841
2023-08-08$22.84$25.0026.8%7.2%20.9%30.6%24.3%3.7%-1.8%66.2K4.9M-14.9K0.2157.80126275,8923,810
2023-08-09$22.96$25.0025.4%7.3%21.1%25.3%24.5%-2.0%-0.1%73.0K4.7M-15.4K0.0043.534205,9023,827
2023-08-10$23.05$25.0024.3%7.0%21.2%20.9%23.0%-1.2%0.6%52.2K4.8M-13.3K0.3331.2263215,8783,827
2023-08-11$22.61$25.0023.1%6.6%22.0%16.1%23.8%3.0%1.7%33.7K5.5M-11.3K2.1451.3144945,8923,826
2023-08-14$22.59$25.0023.4%6.7%22.0%17.1%24.7%2.7%2.1%15.7K5.7M-11.6K0.0753.51149105,9123,901
2023-08-15$22.29$25.0023.9%6.9%21.5%19.2%0.0%8.9%1.2%3.5K5.9M-11.1K0.0443.162815,8413,905
2023-08-16$22.11$25.0022.9%6.6%21.6%15.1%19.7%7.1%2.4%-6.3K6.1M-11.4K2.0766.28601245,8533,904
2023-08-17$21.87$25.0024.2%6.9%21.6%20.4%0.0%4.6%6.8%12.6K6.3M-10.3K2.9465.4517505,8603,929
2023-08-18$21.84$25.0023.2%6.6%21.4%16.3%23.5%4.6%-0.1%15.5K6.4M-9.5K4.9174.49221085,8763,959
2023-08-21$21.45$25.0025.1%7.2%21.9%24.1%29.4%5.1%0.0%13.7K1.2M-9.6K26.4764.74451,1914,9331,525
2023-08-22$21.70$25.0024.9%7.1%20.3%23.1%25.7%6.0%0.5%-39.9K1.5M-13.4K0.0846.385244,9462,704
2023-08-23$21.59$25.0024.5%7.0%19.9%21.4%24.4%4.4%0.4%-51.2K1.6M-13.0K60.5068.4421214,9712,706
2023-08-24$21.54$25.0024.6%7.1%19.7%22.1%0.0%7.3%0.6%-50.6K1.6M-13.1K0.5352.2119104,9722,716
2023-08-25$21.81$25.0022.4%6.4%19.5%13.4%0.0%6.3%1.1%-58.2K1.4M-12.8K3.7536.784154,9812,726
2023-08-28$21.89$25.0023.0%6.6%19.7%15.5%23.0%-3.3%0.6%-64.9K1.4M-12.0K0.0336.017424,9842,741
2023-08-29$22.20$25.0021.7%6.2%17.1%10.4%21.7%-1.8%1.2%-42.1K1.0M-12.7K0.0449.282815,0342,741
2023-08-30$22.41$25.0019.9%5.7%17.6%3.3%19.9%88.6%2.5%-41.9K889.4K-12.2K1.5746.4821335,0382,742
2023-08-31$22.29$25.0019.9%5.7%16.7%3.3%0.0%70.6%2.0%-53.0K1.1M-11.5K0.0364.793615,0392,744