GPK Options History — July 2024

In July 2024, GPK traded between $25.30 and $30.26. ATM implied volatility averaged 39.6%, placing in the 54.6% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 14.8% (HV 20d: 24.8%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.65.

Notable Days

  • 2024-07-30: Highest Volume — 258 contracts
  • 2024-07-03: Largest IV spike — 109.4% change
  • 2024-07-24: Highest IV Rank — 91.3%
  • 2024-07-24: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.25$25.30$30.26$25.98$30.26
Max Pain$23.30$22.50$30.00$22.50$30.00
ATM IV39.6%23.6%57.3%35.9%38.0%
Expected Move11.1%6.8%16.4%10.3%10.9%
HV 20d24.8%20.4%28.4%22.8%28.4%
HV 60d27.4%23.6%28.8%27.5%25.2%
IV Rank54.6%21.5%91.3%47.0%51.3%
IV Percentile83.2%40.1%99.6%88.5%86.9%
Term Structure-9.7%-34.4%10.7%6.5%-28.0%
VWIV32.2%24.3%42.6%24.3%42.6%
Skew 25d5.6%-19.1%64.4%-1.5%-7.5%
Skew 10d3.3%-12.5%76.9%-4.0%8.8%
Call IV 25d32.5%20.8%47.1%32.3%47.1%
Put IV 25d38.1%24.7%95.2%30.8%39.6%
Bid-Ask Spread %114.9999.10123.49120.24118.28
Gamma HHI0.800.680.920.760.92
Net GEX114.7K48.5K237.3K67.8K237.3K
Net DEX-1.3M-3.7M-319.9K-570.2K-3.7M
Net VEX-9.1K-10.8K-7.2K-9.1K-10.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.0021.001.002.92
Total Volume28.54502583251
Total OI2,424.2272,3702,6732,3772,673

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$25.98$22.5035.9%10.3%22.8%47.0%0.0%-1.5%6.5%67.8K-570.2K-9.1K0.00120.240321,891486
2024-07-02$25.84$22.5023.6%6.8%22.5%21.5%24.3%-3.7%10.7%69.2K-754.6K-9.7K1.0099.10111,891518
2024-07-03$25.73$22.5049.4%14.2%22.5%74.8%0.0%-19.1%-14.4%59.3K-630.4K-9.6K0.00113.38701,890519
2024-07-05$25.30$25.0034.0%8.0%21.8%43.0%38.7%0.1%-5.6%48.5K-319.9K-7.9K21.00113.831211,897473
2024-07-08$25.45$22.5052.7%12.1%20.4%81.7%0.0%-5.6%-27.8%53.9K-323.1K-7.7K5.00121.52151,896490
2024-07-09$25.34$22.5044.9%12.1%20.4%65.6%0.0%-1.2%-18.7%61.4K-531.3K-8.5K0.00123.49501,896490
2024-07-10$26.38$22.5046.0%13.2%25.5%67.8%0.0%9.2%-24.7%69.2K-509.7K-7.2K0.00121.071801,901490
2024-07-11$26.91$22.5043.3%12.4%25.1%62.2%0.0%7.6%-24.0%92.7K-1.1M-9.4K0.00120.14501,917490
2024-07-12$27.59$22.5026.4%7.6%26.5%27.2%0.0%12.9%5.1%119.9K-1.4M-9.5K0.00120.30101,918490
2024-07-15$27.32$22.5045.8%13.1%26.3%67.5%0.0%10.0%-14.8%105.6K-1.3M-9.4K0.00121.57501,919490
2024-07-16$27.96$22.5043.6%12.5%27.2%63.0%0.0%-3.2%3.1%112.3K-1.8M-10.3K0.00116.95101,919490
2024-07-17$28.14$22.5043.4%12.4%27.0%62.5%0.0%11.8%-5.1%143.1K-1.6M-9.4K0.00117.64001,918490
2024-07-18$28.05$22.5026.7%7.7%27.1%27.9%29.6%2.5%-6.4%144.6K-1.5M-9.5K0.01112.347911,918490
2024-07-19$27.81$22.5029.8%8.6%27.2%34.4%31.6%0.7%-8.1%146.4K-1.5M-9.5K0.00115.671101,973490
2024-07-22$27.82$22.5027.7%7.9%26.6%30.0%30.0%-1.6%-6.3%139.7K-1.4M-8.8K0.00103.652201,918489
2024-07-23$27.66$22.5041.1%11.8%25.3%57.6%0.0%10.2%-3.0%114.8K-1.6M-9.8K0.00112.02401,923489
2024-07-24$27.38$22.5057.3%16.4%24.7%91.3%0.0%25.1%1.0%99.1K-1.4M-9.5K0.00105.912301,927489
2024-07-25$27.38$22.5056.8%16.3%24.0%90.2%0.0%14.4%-34.4%115.2K-1.2M-9.0K0.00121.91401,950489
2024-07-26$27.96$22.5043.3%12.4%23.8%62.3%0.0%6.7%-2.4%156.1K-1.3M-8.6K0.00120.593501,950489
2024-07-29$28.01$22.5036.1%10.3%23.7%47.4%35.1%-9.0%-11.3%142.9K-1.4M-8.4K3.00105.999271,950489
2024-07-30$29.19$30.0025.8%7.4%26.7%26.0%25.7%64.4%-4.7%224.4K-2.3M-9.5K0.12104.23230281,957511
2024-07-31$30.26$30.0038.0%10.9%28.4%51.3%42.6%-7.5%-28.0%237.3K-3.7M-10.8K2.92118.2813382,149524