GPK Options History — May 2024

In May 2024, GPK traded between $26.05 and $28.43. ATM implied volatility averaged 26.3%, placing in the 27.0% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 6.9% (HV 20d: 33.2%). 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 15 of 22 days. Put/call ratio averaged 1.77.

Notable Days

  • 2024-05-17: Highest Volume — 321 contracts
  • 2024-05-13: Largest IV spike — 80.6% change
  • 2024-05-13: Highest IV Rank — 78.6%
  • 2024-05-23: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.63$26.05$28.43$26.05$28.20
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV26.3%16.2%51.2%34.8%16.2%
Expected Move6.2%3.4%10.0%10.0%4.6%
HV 20d33.2%21.3%36.5%34.7%21.3%
HV 60d28.5%26.4%30.5%30.1%27.8%
IV Rank27.0%6.1%78.6%44.6%6.1%
IV Percentile43.8%0.8%99.6%91.7%0.8%
Term Structure3.2%-13.8%29.2%-13.8%7.7%
VWIV27.7%14.5%53.1%31.2%25.8%
Skew 25d4.8%-10.3%86.8%-10.3%86.8%
Skew 10d9.9%-7.3%147.9%7.2%147.9%
Call IV 25d23.5%12.8%51.7%33.9%51.7%
Put IV 25d28.3%13.6%138.5%23.5%138.5%
Bid-Ask Spread %90.3052.32112.11109.72105.51
Gamma HHI0.880.770.980.800.91
Net GEX168.3K99.2K211.8K129.1K198.6K
Net DEX-2.5M-3.2M-1.7M-1.7M-2.8M
Net VEX-12.2K-14.1K-10.3K-10.3K-12.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.770.0023.690.000.00
Total Volume33.5910321281
Total OI3,015.7272,8943,1622,8943,162

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$26.05$25.0034.8%10.0%34.7%44.6%0.0%-10.3%-13.8%129.1K-1.7M-10.3K0.00109.722802,618276
2024-05-02$26.89$25.0023.5%6.7%36.2%21.2%31.2%-2.5%8.0%139.0K-2.2M-12.6K0.05105.181912,636276
2024-05-03$27.16$25.0027.4%7.9%36.5%29.4%25.5%6.2%-0.5%156.2K-2.2M-11.4K1.00112.11112,640277
2024-05-06$27.21$25.0021.7%7.1%36.5%17.6%25.0%1.0%-5.0%159.2K-2.3M-11.2K0.2263.731842,641276
2024-05-07$27.52$25.0026.3%5.4%35.5%27.0%0.0%2.2%3.1%170.8K-2.6M-12.6K0.0052.321402,644272
2024-05-08$27.74$25.0024.5%3.5%34.8%23.4%53.1%5.9%11.6%183.1K-2.6M-12.2K0.0052.352702,650272
2024-05-09$27.89$25.0026.7%4.6%34.9%27.8%19.8%0.4%2.3%187.1K-2.7M-12.0K0.0471.212612,649272
2024-05-10$27.88$25.0028.3%5.3%33.8%31.3%0.0%-9.9%2.0%180.7K-2.8M-11.9K0.0084.85012,657273
2024-05-13$28.05$25.0051.2%3.4%33.6%78.6%26.7%0.8%12.0%185.0K-3.0M-13.0K10.0058.542202,657273
2024-05-14$28.43$25.0046.8%5.3%33.9%69.5%21.2%-1.3%0.8%208.2K-3.2M-11.9K0.0067.303302,657292
2024-05-15$28.09$25.0017.9%5.1%33.9%9.8%27.2%7.3%4.8%186.7K-2.8M-11.1K0.0073.97502,684292
2024-05-16$28.12$25.0022.3%6.4%33.8%18.8%29.1%-6.8%29.2%208.3K-2.8M-11.8K0.00108.00402,684292
2024-05-17$28.05$25.0019.5%5.6%33.9%13.0%26.5%-4.9%-1.1%175.9K-2.8M-11.6K23.69103.81133082,684292
2024-05-20$27.26$25.0027.9%8.0%35.3%30.4%30.0%1.4%-10.4%142.2K-2.0M-12.2K0.00106.068902,571514
2024-05-21$27.68$25.0019.2%5.5%35.3%12.3%27.3%9.2%-4.8%154.3K-2.3M-12.5K0.4091.7325102,600514
2024-05-22$27.82$25.0020.7%5.9%35.2%15.4%36.6%4.8%-7.3%211.8K-2.7M-13.6K0.00104.99602,625514
2024-05-23$27.51$25.0034.9%10.0%35.4%44.8%23.0%8.9%3.9%164.8K-2.2M-13.7K0.02108.635012,626514
2024-05-24$27.98$25.0018.0%5.2%35.6%9.9%14.5%18.5%5.8%174.6K-2.7M-14.1K0.0098.33202,626513
2024-05-28$27.66$25.0022.2%6.4%35.8%18.6%25.8%-4.1%2.2%143.9K-2.3M-12.3K0.00104.151402,624513
2024-05-29$27.16$25.0021.2%6.1%22.1%16.6%0.0%-5.8%2.1%99.2K-2.2M-12.1K0.0097.82002,634513
2024-05-30$27.41$25.0026.3%7.6%21.9%27.2%0.0%-2.6%17.6%144.6K-2.0M-11.5K0.00106.281502,634513
2024-05-31$28.20$25.0016.2%4.6%21.3%6.1%0.0%86.8%7.7%198.6K-2.8M-12.7K0.00105.51102,649513