GPK Options History — March 2024

In March 2024, GPK traded between $25.52 and $29.20. ATM implied volatility averaged 31.9%, placing in the 45.8% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 3.9% (HV 20d: 28.0%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.70.

Notable Days

2024-03-13: Highest Volume — 755 contracts
2024-03-12: Largest IV spike — 74.9% change
2024-03-08: Highest IV Rank — 100.0%
2024-03-18: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.52	$25.52	$29.20	$25.57	$29.20
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	31.9%	17.1%	61.6%	25.0%	21.9%
Expected Move	7.9%	4.9%	12.6%	7.2%	6.3%
HV 20d	28.0%	22.6%	32.1%	31.2%	22.6%
HV 60d	24.9%	23.7%	26.7%	26.1%	24.4%
IV Rank	45.8%	8.0%	100.0%	38.2%	18.0%
IV Percentile	66.8%	1.2%	100.0%	53.2%	15.9%
Term Structure	2.1%	-20.4%	29.7%	-1.0%	5.3%
VWIV	24.0%	18.3%	29.8%	24.6%	22.7%
Skew 25d	11.5%	-5.6%	78.9%	6.0%	78.9%
Skew 10d	16.5%	-5.7%	106.0%	20.8%	106.0%
Call IV 25d	22.1%	12.8%	25.8%	24.5%	22.3%
Put IV 25d	33.6%	18.0%	101.2%	30.5%	101.2%
Bid-Ask Spread %	73.06	43.02	94.54	89.72	73.84
Gamma HHI	0.70	0.48	0.89	0.59	0.77
Net GEX	71.1K	36.2K	124.0K	92.3K	124.0K
Net DEX	-2.9M	-5.0M	-1.5M	-2.1M	-3.6M
Net VEX	-6.8K	-12.1K	-5.1K	-6.8K	-12.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.70	0.00	24.50	24.50	0.00
Total Volume	121.85	0	755	51	23
Total OI	3,086.65	1,715	4,234	3,861	2,642

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
2024-03-01	$25.57	$25.00	25.0%	7.2%	31.2%	38.2%	0.0%	6.0%	-1.0%	92.3K	-2.1M	-6.8K	24.50	89.72	2	49	2,036	1,825
2024-03-04	$25.52	$25.00	29.0%	7.0%	30.8%	51.1%	24.6%	2.7%	9.1%	79.8K	-2.1M	-7.0K	0.02	93.60	100	2	2,039	1,874
2024-03-05	$26.12	$25.00	30.3%	7.3%	31.8%	55.3%	25.6%	5.5%	2.1%	88.4K	-2.8M	-6.5K	0.00	92.50	1	0	2,109	1,873
2024-03-06	$26.16	$25.00	27.5%	7.4%	30.7%	46.3%	25.7%	3.6%	0.7%	74.6K	-2.8M	-5.5K	0.00	92.63	28	0	2,115	1,873
2024-03-07	$26.77	$25.00	33.5%	7.6%	31.5%	65.7%	26.6%	2.3%	1.3%	67.6K	-3.6M	-5.6K	0.02	58.33	245	6	2,124	1,873
2024-03-08	$27.34	$25.00	46.7%	7.9%	32.1%	100.0%	27.9%	2.4%	-12.0%	78.8K	-4.3M	-6.8K	0.13	70.92	45	6	2,356	1,878
2024-03-11	$27.37	$25.00	35.2%	8.2%	31.6%	65.7%	28.8%	4.5%	-1.3%	39.2K	-4.4M	-6.2K	0.00	76.18	59	0	2,351	1,874
2024-03-12	$27.80	$25.00	61.6%	6.0%	31.2%	100.0%	18.3%	7.4%	1.1%	46.4K	-4.6M	-5.9K	0.09	50.48	11	1	2,351	1,874
2024-03-13	$28.39	$25.00	19.4%	5.6%	27.4%	12.8%	24.7%	-4.0%	2.5%	65.2K	-5.0M	-5.5K	0.05	79.80	720	35	2,354	1,875
2024-03-14	$27.69	$25.00	29.7%	8.5%	29.7%	34.1%	29.8%	5.2%	29.7%	48.6K	-2.3M	-5.9K	0.03	43.02	30	1	1,559	1,904
2024-03-15	$27.68	$25.00	37.5%	10.8%	29.7%	50.2%	22.4%	9.2%	10.2%	36.2K	-2.4M	-6.6K	0.00	91.34	33	0	1,561	1,903
2024-03-18	$27.23	$25.00	43.9%	12.6%	30.6%	63.5%	20.4%	30.8%	6.4%	44.0K	-1.6M	-6.4K	2.14	53.18	7	15	1,233	489
2024-03-19	$27.23	$25.00	42.0%	12.1%	30.4%	59.6%	0.0%	0.9%	-1.3%	45.5K	-1.6M	-5.7K	0.00	94.54	0	0	1,236	479
2024-03-20	$27.27	$25.00	40.3%	11.5%	22.9%	56.0%	0.0%	6.3%	-20.4%	47.2K	-1.5M	-6.2K	4.06	86.23	16	65	1,236	479
2024-03-21	$28.02	$25.00	21.7%	6.2%	23.5%	17.5%	22.5%	-5.6%	-1.7%	56.4K	-1.9M	-5.4K	0.00	70.43	55	0	1,242	539
2024-03-22	$28.29	$25.00	26.7%	7.6%	23.3%	27.8%	0.0%	14.8%	3.7%	67.7K	-2.0M	-5.5K	0.20	62.30	5	1	1,257	539
2024-03-25	$28.73	$25.00	17.1%	4.9%	23.5%	8.0%	18.9%	7.1%	4.8%	84.0K	-2.4M	-5.1K	0.01	82.36	554	6	1,261	540
2024-03-26	$28.98	$25.00	20.6%	5.9%	23.1%	15.2%	20.7%	12.8%	0.8%	113.4K	-3.5M	-8.9K	0.01	48.19	306	4	1,792	546
2024-03-27	$29.05	$25.00	28.1%	8.0%	22.7%	30.7%	24.3%	39.3%	2.2%	123.7K	-3.5M	-12.1K	1.00	51.57	3	3	2,092	550
2024-03-28	$29.20	$25.00	21.9%	6.3%	22.6%	18.0%	22.7%	78.9%	5.3%	124.0K	-3.6M	-12.1K	0.00	73.84	23	0	2,091	551