GPK Options History — April 2024

In April 2024, GPK traded between $25.70 and $29.41. ATM implied volatility averaged 32.6%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 9.8% (HV 20d: 22.8%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2024-04-10: Highest Volume — 556 contracts
  • 2024-04-10: Largest IV spike — 75.7% change
  • 2024-04-24: Highest IV Rank — 77.2%
  • 2024-04-24: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.87$25.70$29.41$28.66$25.70
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV32.6%17.2%50.5%21.3%25.2%
Expected Move9.6%5.3%14.5%6.1%7.2%
HV 20d22.8%20.4%34.1%23.0%34.1%
HV 60d25.4%24.2%30.0%24.8%30.0%
IV Rank40.1%8.3%77.2%16.8%24.8%
IV Percentile68.6%1.6%99.6%9.1%55.2%
Term Structure-9.8%-37.5%6.8%4.7%-0.4%
VWIV30.8%20.7%68.1%23.4%25.2%
Skew 25d4.3%-13.4%75.2%75.2%-2.9%
Skew 10d12.4%-5.5%117.1%117.1%-4.8%
Call IV 25d31.0%23.2%40.6%40.6%28.0%
Put IV 25d35.3%22.1%115.7%115.7%25.1%
Bid-Ask Spread %97.7174.16110.1474.1687.34
Gamma HHI0.810.630.960.800.63
Net GEX139.7K98.9K179.1K139.1K107.6K
Net DEX-3.0M-3.9M-1.6M-3.3M-1.6M
Net VEX-13.0K-15.6K-10.4K-11.4K-10.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.009.000.333.50
Total Volume48.7271556472
Total OI2,914.3642,6323,3182,6322,835

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$28.66$25.0021.3%6.1%23.0%16.8%23.4%75.2%4.7%139.1K-3.3M-11.4K0.3374.16312,081551
2024-04-02$28.37$25.0018.4%5.3%23.5%10.7%20.7%-3.5%4.1%123.3K-3.2M-11.4K0.5076.71212,081552
2024-04-03$28.20$25.0023.9%6.9%22.8%22.2%0.0%6.2%-0.4%117.1K-3.0M-11.4K0.25101.331232,079553
2024-04-04$28.69$25.0021.8%8.4%23.3%17.7%28.8%-2.2%6.8%121.5K-3.1M-11.4K0.00105.101902,091553
2024-04-05$28.66$25.0029.0%10.3%22.3%32.6%36.6%12.3%-8.0%128.4K-3.4M-11.5K9.00106.853272,094553
2024-04-08$28.70$25.0046.6%11.6%21.3%69.0%29.4%-2.3%-15.0%130.2K-3.3M-11.5K0.20107.46512,094580
2024-04-09$29.41$25.0017.2%7.7%22.7%8.3%27.6%2.6%-9.9%164.7K-3.8M-10.9K0.48110.1458282,099580
2024-04-10$28.70$25.0030.3%8.7%24.3%35.3%0.0%-2.6%-5.1%145.3K-3.3M-11.8K0.10104.60504522,148608
2024-04-11$28.52$25.0027.6%7.9%23.3%29.8%33.0%4.2%-0.5%158.7K-3.9M-15.6K0.00100.73012,650660
2024-04-12$27.84$25.0025.1%7.2%23.2%24.6%29.9%5.8%-0.4%134.4K-3.3M-15.4K0.0097.05702,650661
2024-04-15$27.56$25.0031.6%9.1%23.5%38.1%0.0%-0.6%-12.5%136.0K-3.1M-14.7K0.17103.703052,656661
2024-04-16$27.49$25.0045.5%13.1%22.7%66.9%0.0%-4.2%-22.0%123.2K-2.8M-14.2K0.00102.04022,656662
2024-04-17$27.14$25.0041.2%11.8%23.2%57.9%31.9%0.1%-12.7%98.9K-2.9M-14.9K1.0099.06222,656662
2024-04-18$27.27$25.0050.2%14.4%23.2%76.5%68.1%2.0%-28.2%144.3K-2.8M-14.1K0.60100.57532,654661
2024-04-19$27.27$25.0028.1%8.1%20.9%30.9%26.5%1.2%-14.2%137.0K-3.0M-14.1K0.0099.62602,653661
2024-04-22$27.55$25.0029.0%8.3%21.0%32.6%28.3%3.3%-2.2%158.5K-2.7M-13.7K0.0090.528702,508221
2024-04-23$27.16$25.0049.8%14.3%20.5%75.7%28.6%-0.1%-32.6%146.9K-2.7M-13.5K1.25104.93452,580221
2024-04-24$27.45$25.0050.5%14.5%20.6%77.2%0.0%7.0%-37.5%160.8K-2.7M-13.6K0.00108.33402,584223
2024-04-25$27.30$25.0039.6%11.4%20.5%54.7%0.0%6.2%-25.9%153.7K-2.5M-13.1K0.00102.791902,588223
2024-04-26$27.63$25.0036.0%10.3%21.1%47.2%28.8%1.4%-2.7%164.0K-2.7M-13.5K0.0085.442602,593223
2024-04-29$27.80$25.0028.4%8.2%20.4%31.5%25.2%-13.4%-0.3%179.1K-2.8M-13.1K0.0381.157122,594223
2024-04-30$25.70$25.0025.2%7.2%34.1%24.8%25.2%-2.9%-0.4%107.6K-1.6M-10.4K3.5087.3416562,611224