GPK Options History — February 2024

In February 2024, GPK traded between $24.38 and $26.70. ATM implied volatility averaged 27.8%, placing in the 47.2% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 3.9% (HV 20d: 24.0%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.56.

Notable Days

2024-02-15: Highest Volume — 1,033 contracts
2024-02-21: Largest IV drop — 19.0% change
2024-02-20: Highest IV Rank — 70.9%
2024-02-20: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.42	$24.38	$26.70	$25.74	$25.99
Max Pain	$23.63	$22.50	$25.00	$22.50	$25.00
ATM IV	27.8%	22.2%	35.1%	23.9%	30.3%
Expected Move	8.3%	7.4%	10.1%	8.2%	8.7%
HV 20d	24.0%	16.8%	32.5%	18.9%	30.7%
HV 60d	24.4%	22.8%	26.4%	23.4%	25.8%
IV Rank	47.2%	29.0%	70.9%	34.6%	55.3%
IV Percentile	69.7%	17.1%	96.4%	37.7%	88.5%
Term Structure	-0.7%	-10.7%	41.8%	-2.8%	-4.9%
VWIV	30.0%	23.6%	36.8%	28.6%	29.6%
Skew 25d	6.7%	-0.8%	11.6%	6.4%	9.2%
Skew 10d	17.6%	5.8%	74.8%	10.8%	26.3%
Call IV 25d	24.7%	18.0%	31.4%	24.0%	22.9%
Put IV 25d	31.4%	25.9%	38.9%	30.4%	32.1%
Bid-Ask Spread %	76.70	37.12	112.06	91.59	88.08
Gamma HHI	0.54	0.40	0.63	0.52	0.47
Net GEX	102.5K	52.2K	148.4K	101.0K	68.9K
Net DEX	-2.0M	-3.1M	-1.1M	-2.1M	-2.6M
Net VEX	-5.9K	-6.9K	-4.8K	-5.7K	-6.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.00	3.94	0.33	2.10
Total Volume	166.6	4	1,033	4	65
Total OI	3,015.55	2,372	3,888	2,388	3,821

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-02-01	$25.74	$22.50	23.9%	8.2%	18.9%	34.6%	28.6%	6.4%	-2.8%	101.0K	-2.1M	-5.7K	0.33	91.59	3	1	1,612	776
2024-02-02	$25.38	$22.50	22.2%	7.9%	19.2%	29.0%	27.6%	5.3%	0.3%	109.7K	-1.9M	-5.7K	0.28	72.42	40	11	1,614	776
2024-02-05	$25.37	$22.50	24.5%	8.2%	17.0%	36.5%	36.8%	4.5%	-2.9%	109.0K	-1.9M	-5.4K	0.63	71.41	8	5	1,609	767
2024-02-06	$24.84	$22.50	24.0%	9.3%	16.8%	34.9%	36.6%	-0.8%	-10.7%	106.1K	-1.5M	-5.5K	0.00	78.80	25	0	1,610	762
2024-02-07	$24.88	$22.50	27.7%	7.9%	16.8%	46.7%	27.9%	4.0%	-2.0%	119.1K	-1.5M	-5.2K	0.00	72.50	20	0	1,612	782
2024-02-08	$25.04	$22.50	25.7%	7.4%	16.9%	40.2%	23.6%	11.6%	2.4%	125.1K	-1.8M	-5.2K	0.00	112.06	46	0	1,612	782
2024-02-09	$24.76	$22.50	27.6%	7.9%	17.3%	46.6%	33.4%	1.9%	-2.1%	125.8K	-1.4M	-5.0K	0.01	94.78	153	1	1,651	782
2024-02-12	$25.31	$22.50	29.1%	8.4%	19.3%	51.5%	27.1%	4.3%	-3.5%	135.5K	-1.9M	-5.3K	0.18	69.64	39	7	1,730	793
2024-02-13	$24.38	$22.50	28.9%	8.3%	23.2%	50.9%	28.7%	5.1%	-2.9%	108.2K	-1.1M	-4.9K	0.00	37.12	83	0	1,737	800
2024-02-14	$24.70	$22.50	28.9%	8.3%	23.8%	50.6%	28.9%	5.8%	-3.0%	148.4K	-1.3M	-4.9K	0.23	39.83	13	3	1,738	800
2024-02-15	$24.84	$22.50	29.9%	8.6%	23.4%	54.0%	34.0%	11.3%	41.8%	130.0K	-1.5M	-4.8K	3.94	60.43	209	824	1,731	803
2024-02-16	$24.74	$25.00	32.7%	9.4%	23.3%	63.0%	32.6%	10.3%	-4.7%	108.5K	-1.1M	-6.9K	0.02	62.86	501	8	1,911	1,534
2024-02-20	$24.63	$25.00	35.1%	10.1%	23.3%	70.9%	36.5%	10.0%	-6.6%	52.2K	-1.1M	-6.8K	0.55	43.39	181	100	1,860	1,466
2024-02-21	$26.12	$25.00	28.4%	8.2%	31.6%	49.3%	28.7%	7.7%	-2.4%	103.5K	-2.7M	-6.2K	1.33	85.95	238	317	2,007	1,527
2024-02-22	$26.70	$25.00	27.4%	7.9%	32.5%	46.0%	27.4%	10.2%	-0.3%	74.3K	-3.1M	-6.7K	0.02	96.28	132	3	2,014	1,832
2024-02-23	$26.46	$25.00	26.9%	7.7%	31.3%	44.1%	26.7%	8.4%	-0.6%	76.6K	-2.8M	-6.8K	0.00	95.21	28	0	2,030	1,834
2024-02-26	$26.34	$25.00	28.2%	8.1%	31.2%	48.4%	27.8%	10.3%	-0.7%	79.0K	-2.8M	-6.5K	0.03	104.71	142	4	2,032	1,834
2024-02-27	$26.14	$25.00	28.1%	8.0%	31.3%	48.0%	30.7%	2.9%	-5.8%	84.9K	-2.7M	-6.7K	1.65	77.30	31	51	2,054	1,834
2024-02-28	$25.99	$25.00	26.8%	7.7%	31.3%	44.0%	26.7%	5.6%	-1.7%	83.7K	-2.5M	-6.8K	0.00	79.63	40	0	2,056	1,786
2024-02-29	$25.99	$25.00	30.3%	8.7%	30.7%	55.3%	29.6%	9.2%	-4.9%	68.9K	-2.6M	-6.6K	2.10	88.08	21	44	2,035	1,786