GPK Options History — November 2023

In November 2023, GPK traded between $21.34 and $22.80. ATM implied volatility averaged 22.9%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 1.9% (HV 20d: 24.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2023-11-14: Highest Volume — 156 contracts
  • 2023-11-27: Largest IV spike — 13.0% change
  • 2023-11-01: Highest IV Rank — 39.4%
  • 2023-11-01: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.17$21.34$22.80$21.54$22.61
Max Pain$22.38$20.00$22.50$20.00$22.50
ATM IV22.9%20.4%25.4%25.4%23.2%
Expected Move6.6%5.9%7.3%7.3%6.7%
HV 20d24.7%23.5%27.1%24.9%24.0%
HV 60d23.0%21.7%24.0%21.8%23.8%
IV Rank31.3%23.4%39.4%39.4%32.4%
IV Percentile15.3%4.0%38.9%38.9%19.8%
Term Structure2.0%-1.2%4.7%-0.2%-0.8%
VWIV23.4%20.4%28.0%28.0%22.7%
Skew 25d6.8%-7.3%54.4%5.4%23.7%
Skew 10d13.0%-10.6%95.1%0.5%41.0%
Call IV 25d22.3%15.8%29.0%25.7%22.9%
Put IV 25d29.1%20.2%73.6%31.1%46.6%
Bid-Ask Spread %47.9425.1074.6556.7137.48
Gamma HHI0.380.330.530.520.36
Net GEX34.2K-60.5K87.8K-60.5K65.2K
Net DEX-912.3K-2.0M-265.4K-286.8K-639.8K
Net VEX-7.6K-9.7K-6.6K-9.7K-6.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.002.750.160.04
Total Volume43.33341562252
Total OI5,656.0484,5177,4366,8314,643

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$21.54$20.0025.4%7.3%24.9%39.4%28.0%5.4%-0.2%-60.5K-286.8K-9.7K0.1656.711933,8303,001
2023-11-02$21.95$22.5025.2%6.9%25.3%38.7%23.9%8.7%4.0%-57.8K-768.7K-8.8K0.0025.101903,8353,601
2023-11-03$22.06$22.5023.9%6.7%24.8%34.7%24.0%7.7%3.8%21.1K-1.3M-8.7K0.1741.6766113,8512,726
2023-11-06$21.91$22.5023.1%6.8%24.6%31.9%25.8%7.5%3.3%14.7K-1.2M-8.3K0.5037.14633,8952,732
2023-11-07$21.99$22.5021.8%6.6%24.4%27.7%23.1%6.5%4.3%45.2K-1.4M-7.8K0.0032.302103,9012,125
2023-11-08$21.95$22.5023.2%6.7%23.5%32.4%23.2%7.0%4.0%41.5K-1.4M-8.2K2.0039.69363,9192,125
2023-11-09$21.34$22.5024.3%7.0%24.7%35.7%0.0%3.3%3.1%-16.0K-417.3K-8.3K0.0039.23073,9192,128
2023-11-10$21.55$22.5022.6%6.5%24.9%30.4%26.1%2.4%4.7%1.3K-849.6K-7.5K0.3339.90313,9192,133
2023-11-13$21.34$22.5023.5%6.8%24.5%33.5%24.1%5.2%3.9%-15.3K-293.7K-7.9K0.1545.204673,9152,133
2023-11-14$22.02$22.5021.9%6.3%26.1%28.1%22.0%4.3%4.3%37.2K-1.3M-6.8K0.1169.58140163,9032,134
2023-11-15$22.66$22.5023.1%6.6%27.1%31.9%23.9%1.7%3.5%87.8K-2.0M-7.4K0.1351.404863,9182,123
2023-11-16$22.34$22.5022.8%6.5%26.3%30.9%25.1%-0.9%1.0%83.5K-1.6M-7.3K0.4144.0437153,9632,117
2023-11-17$22.19$22.5021.8%6.2%24.8%27.8%22.2%6.6%1.0%35.5K-1.4M-6.9K0.4530.1351233,9822,130
2023-11-20$22.52$22.5022.4%6.4%24.3%29.6%22.2%7.3%-0.1%56.9K-526.8K-7.2K0.1470.4780113,3621,155
2023-11-21$22.55$22.5021.6%6.2%24.2%27.3%20.7%1.8%0.3%59.7K-586.1K-7.1K0.0766.914333,3921,155
2023-11-22$22.73$22.5020.5%5.9%24.1%23.7%20.5%-7.3%1.8%68.4K-749.0K-7.2K0.0463.065123,4311,155
2023-11-24$22.80$22.5020.4%5.9%23.8%23.4%20.4%4.9%1.4%74.2K-845.5K-7.3K0.0025.592203,4791,156
2023-11-27$22.62$22.5023.1%6.6%24.1%31.9%23.8%-6.5%-0.1%64.2K-646.7K-6.9K0.0071.224703,4691,156
2023-11-28$22.23$22.5023.4%6.7%25.3%32.9%23.2%-1.0%-1.2%44.7K-265.4K-6.7K2.7545.204113,4831,156
2023-11-29$22.64$22.5023.1%6.6%24.0%32.0%23.1%54.4%-0.6%66.6K-667.9K-6.7K0.0874.652523,4801,147
2023-11-30$22.61$22.5023.2%6.7%24.0%32.4%22.7%23.7%-0.8%65.2K-639.8K-6.6K0.0437.485023,4941,149