GPK Options History — January 2024

In January 2024, GPK traded between $24.79 and $26.23. ATM implied volatility averaged 23.0%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 1.8% (HV 20d: 21.2%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.40.

Notable Days

  • 2024-01-31: Highest Volume — 301 contracts
  • 2024-01-10: Largest IV spike — 49.3% change
  • 2024-01-10: Highest IV Rank — 46.6%
  • 2024-01-08: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.58$24.79$26.23$24.81$25.52
Max Pain$24.52$22.50$25.00$22.50$25.00
ATM IV23.0%17.5%27.6%22.5%23.2%
Expected Move7.0%6.3%8.0%6.4%6.7%
HV 20d21.2%14.6%28.7%27.6%18.7%
HV 60d24.3%23.3%25.5%25.3%23.4%
IV Rank31.8%14.0%46.6%30.0%32.4%
IV Percentile27.7%1.2%66.7%16.3%30.2%
Term Structure2.5%-1.3%5.3%3.9%5.3%
VWIV24.4%21.9%30.6%22.5%23.2%
Skew 25d0.7%-26.6%10.9%-16.4%-11.3%
Skew 10d2.1%-45.1%16.3%-27.9%-15.0%
Call IV 25d24.7%18.2%47.3%40.5%34.5%
Put IV 25d25.4%20.7%29.4%24.0%23.2%
Bid-Ask Spread %70.6326.23106.79106.7983.10
Gamma HHI0.640.570.730.580.64
Net GEX77.9K60.5K106.1K66.1K91.4K
Net DEX-1.8M-2.1M-1.4M-1.4M-1.9M
Net VEX-4.6K-5.2K-4.3K-5.1K-4.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.0024.670.000.07
Total Volume68.238330132301
Total OI1,931.2861,7692,1001,7692,100

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$24.81$22.5022.5%6.4%27.6%30.0%22.5%-16.4%3.9%66.1K-1.4M-5.1K0.00106.793201,104665
2024-01-03$24.79$22.5022.5%6.5%27.6%30.1%22.5%-26.6%4.1%64.7K-1.4M-5.2K0.5299.7121111,104665
2024-01-04$25.11$22.5023.2%8.0%27.1%32.3%30.6%2.0%-1.3%67.2K-1.6M-5.2K0.5061.28211,124676
2024-01-05$25.73$22.5022.2%7.8%28.0%29.1%27.1%2.9%-0.2%67.5K-1.9M-4.5K0.3892.7781311,126677
2024-01-08$26.23$25.0017.5%8.0%28.2%14.0%26.9%1.7%-0.4%60.5K-2.1M-4.3K0.0471.358231,135692
2024-01-09$26.05$25.0018.5%7.8%28.5%17.1%23.9%8.6%-0.5%69.8K-2.1M-4.4K0.0378.0512031,184691
2024-01-10$25.88$25.0027.6%7.9%28.7%46.6%27.4%4.2%-0.9%73.6K-2.0M-4.4K0.1385.432331,197692
2024-01-11$25.80$25.0027.2%7.8%27.9%45.2%27.2%4.8%-1.0%70.8K-2.0M-4.4K0.0087.992601,195695
2024-01-12$25.79$25.0023.7%6.8%19.4%34.0%23.7%-3.9%2.5%73.1K-2.0M-4.3K24.67106.623741,192695
2024-01-16$25.63$25.0023.2%6.6%19.4%32.3%0.0%7.5%3.4%76.8K-1.9M-4.5K0.0884.252421,192760
2024-01-17$25.49$25.0023.6%6.8%17.2%33.5%23.6%7.9%3.1%81.2K-1.8M-4.6K0.0567.543721,203762
2024-01-18$25.12$25.0022.6%6.5%16.2%30.5%22.6%7.6%3.0%106.1K-1.6M-4.7K0.0863.112621,218762
2024-01-19$25.26$25.0022.4%6.4%16.0%29.8%22.5%1.0%3.8%93.6K-1.7M-4.7K0.1591.93129201,227763
2024-01-22$25.30$25.0021.9%6.3%15.8%28.1%21.9%1.2%3.8%81.5K-1.7M-4.8K0.1226.2398121,202737
2024-01-23$25.34$25.0022.1%6.3%14.9%28.7%22.1%1.4%3.9%86.1K-1.7M-4.6K0.8745.9223201,222744
2024-01-24$25.44$25.0021.9%6.3%14.6%28.2%22.8%1.7%4.1%87.2K-1.8M-4.5K0.2448.4658141,229749
2024-01-25$26.14$25.0026.3%7.5%17.1%42.2%25.6%10.9%3.9%71.4K-2.1M-4.4K0.0340.353911,259763
2024-01-26$25.91$25.0022.7%6.5%17.6%30.7%22.7%3.4%4.0%81.4K-2.0M-4.3K0.0149.709211,258763
2024-01-29$25.82$25.0023.8%6.8%17.7%34.3%23.8%3.0%3.4%84.4K-2.0M-4.4K1.4031.21571,299764
2024-01-30$25.94$25.0025.3%7.2%17.5%39.0%25.2%3.8%3.8%81.6K-2.0M-4.5K0.0061.35401,304768
2024-01-31$25.52$25.0023.2%6.7%18.7%32.4%23.2%-11.3%5.3%91.4K-1.9M-4.6K0.0783.10281201,332768