GPK Options History — October 2023

In October 2023, GPK traded between $20.18 and $21.84. ATM implied volatility averaged 30.8%, placing in the 56.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 8.3% (HV 20d: 22.5%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.64.

Notable Days

  • 2023-10-31: Highest Volume — 1,089 contracts
  • 2023-10-31: Largest IV drop — 27.8% change
  • 2023-10-26: Highest IV Rank — 80.2%
  • 2023-10-26: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.18$20.18$21.84$21.74$21.57
Max Pain$21.93$20.00$22.50$22.50$20.00
ATM IV30.8%23.9%38.0%24.1%27.3%
Expected Move9.0%6.9%10.9%6.9%7.8%
HV 20d22.5%18.1%24.9%24.7%24.9%
HV 60d21.3%20.4%22.1%20.7%22.0%
IV Rank56.9%34.7%80.2%35.3%45.5%
IV Percentile69.3%20.2%98.0%21.0%53.2%
Term Structure-1.5%-6.0%4.2%4.2%-1.6%
VWIV33.2%24.1%38.2%24.1%35.0%
Skew 25d5.7%0.9%9.3%5.3%5.8%
Skew 10d9.6%-32.6%22.3%9.3%4.5%
Call IV 25d29.1%23.1%35.3%23.7%27.8%
Put IV 25d34.9%29.0%40.1%29.0%33.6%
Bid-Ask Spread %54.8117.3076.4175.7964.29
Gamma HHI0.430.390.510.400.41
Net GEX14.6K-19.8K77.1K15.4K-4.8K
Net DEX363.9K-985.9K1.0M429.9K-562.4K
Net VEX-8.7K-10.5K-6.3K-10.5K-9.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.640.0011.810.015.05
Total Volume238.591121,0892541,089
Total OI4,674.0914,2705,8404,5185,840

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$21.74$22.5024.1%6.9%24.7%35.3%24.1%5.3%4.2%15.4K429.9K-10.5K0.0175.7925133,0981,420
2023-10-03$21.84$22.5025.6%7.3%23.4%40.0%0.0%6.8%3.0%13.8K430.8K-10.2K8.2017.305413,1141,420
2023-10-04$21.80$22.5026.2%7.5%23.3%41.8%0.0%9.0%3.0%15.4K400.0K-10.3K0.1869.511123,1131,420
2023-10-05$21.52$22.5026.9%8.2%23.7%44.2%28.6%3.6%-1.1%7.4K685.4K-9.4K2.3650.3111263,1121,427
2023-10-06$21.23$22.5029.0%9.4%23.6%51.0%0.0%7.2%-0.6%-1.6K959.9K-9.0K2.6619.65531413,1171,450
2023-10-09$21.51$22.5026.1%8.5%24.1%41.7%33.1%9.3%-2.3%4.2K736.4K-9.2K0.6758.44963,1111,464
2023-10-10$21.71$22.5023.9%8.3%24.3%34.7%32.4%8.8%-1.7%5.8K645.1K-9.1K0.0970.701113,1261,469
2023-10-11$21.34$22.5028.7%8.2%24.0%50.2%29.0%6.9%-1.7%518963.2K-8.5K1.0017.4728283,1321,470
2023-10-12$20.93$22.5031.5%9.0%18.3%59.2%31.6%5.0%-1.0%-1.2K763.9K-7.5K1.0872.9926283,1321,243
2023-10-13$20.93$22.5032.7%9.4%18.1%63.0%32.9%5.8%-2.0%-4.7K789.4K-7.4K1.2242.6641503,1361,266
2023-10-16$21.29$22.5029.7%8.5%19.8%53.4%29.9%5.5%-2.7%7.4K546.5K-8.4K0.0969.014643,1481,316
2023-10-17$21.70$22.5028.3%8.1%21.4%48.9%0.0%0.9%-1.4%19.4K329.4K-8.5K0.0060.496103,1521,303
2023-10-18$21.36$22.5029.6%8.5%20.7%53.0%0.0%5.4%-2.0%10.6K508.9K-8.2K0.0063.683903,1831,303
2023-10-19$20.89$22.5034.4%9.9%21.4%68.6%33.5%4.6%-2.6%-1.0K672.1K-7.4K0.1040.155963,1881,249
2023-10-20$20.43$22.5034.6%9.9%22.2%69.3%33.9%5.4%0.8%-230665.9K-7.9K0.2876.4143123,2421,255
2023-10-23$20.18$22.5034.2%9.8%21.9%67.7%34.1%4.0%-2.1%-19.8K1.0M-6.3K1.2952.9417223,0351,235
2023-10-24$20.41$22.5034.4%9.9%22.3%68.5%34.4%7.7%-2.8%-14.9K887.3K-6.8K0.0366.181,002343,0461,251
2023-10-25$20.66$20.0036.5%10.5%23.0%75.4%37.2%5.6%-6.0%72.8K-680.3K-9.2K0.0275.625114,0471,247
2023-10-26$20.96$20.0038.0%10.9%23.7%80.2%38.2%5.5%-4.5%76.5K-985.9K-9.5K0.0070.832304,0831,248
2023-10-27$20.94$20.0037.9%10.9%23.7%79.9%37.8%5.8%-5.5%77.1K-946.8K-9.4K0.0038.391,00704,0971,248
2023-10-30$20.95$20.0037.8%10.8%22.4%79.5%37.8%2.1%-3.1%42.5K-245.4K-8.3K11.8133.00758863,6261,248
2023-10-31$21.57$20.0027.3%7.8%24.9%45.5%35.0%5.8%-1.6%-4.8K-562.4K-9.2K5.0564.291809093,7062,134