GPK Options History — September 2024

In September 2024, GPK traded between $28.66 and $30.41. ATM implied volatility averaged 25.4%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 6.4% (HV 20d: 19.0%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.48.

Notable Days

2024-09-20: Highest Volume — 148 contracts
2024-09-10: Largest IV spike — 275.5% change
2024-09-10: Highest IV Rank — 67.9%
2024-09-12: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.45	$28.66	$30.41	$29.18	$29.59
Max Pain	$25.75	$25.00	$30.00	$25.00	$30.00
ATM IV	25.4%	17.6%	66.2%	24.5%	22.1%
Expected Move	6.6%	5.8%	7.6%	7.0%	6.3%
HV 20d	19.0%	15.4%	24.7%	16.8%	24.4%
HV 60d	25.0%	24.4%	25.9%	25.1%	25.5%
IV Rank	14.8%	5.7%	67.9%	14.6%	10.0%
IV Percentile	37.8%	4.4%	99.2%	45.6%	23.8%
Term Structure	8.0%	-3.6%	26.2%	-3.6%	9.7%
VWIV	22.5%	15.5%	26.9%	23.5%	26.9%
Skew 25d	5.3%	-9.5%	108.6%	40.9%	-2.1%
Skew 10d	0.5%	-21.9%	125.9%	39.3%	-12.3%
Call IV 25d	27.9%	19.6%	36.4%	28.8%	28.6%
Put IV 25d	33.2%	20.6%	135.6%	69.7%	26.5%
Bid-Ask Spread %	106.03	63.56	122.58	63.56	98.14
Gamma HHI	0.82	0.46	0.99	0.93	0.56
Net GEX	522.3K	7.5K	2.5M	363.9K	40.7K
Net DEX	-2.0M	-4.7M	-228.5K	-2.1M	-573.5K
Net VEX	-6.3K	-8.3K	-4.8K	-8.3K	-5.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.00	5.56	5.56	0.05
Total Volume	42.8	0	148	59	147
Total OI	2,467.75	1,046	3,055	2,997	1,254

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
2024-09-03	$29.18	$25.00	24.5%	7.0%	16.8%	14.6%	23.5%	40.9%	-3.6%	363.9K	-2.1M	-8.3K	5.56	63.56	9	50	2,321	676
2024-09-04	$28.80	$25.00	22.6%	6.5%	16.9%	12.1%	15.5%	108.6%	8.0%	295.6K	-1.6M	-7.8K	0.00	100.31	11	0	2,326	726
2024-09-05	$28.88	$25.00	24.6%	6.3%	15.6%	14.8%	0.0%	3.5%	3.0%	302.5K	-1.4M	-6.9K	0.00	117.10	2	0	2,322	726
2024-09-06	$29.05	$25.00	26.3%	5.8%	15.4%	16.9%	0.0%	2.3%	4.9%	365.9K	-2.0M	-8.0K	0.00	110.21	1	0	2,324	726
2024-09-09	$29.30	$25.00	17.6%	6.0%	15.6%	5.7%	0.0%	-4.1%	4.3%	685.8K	-2.5M	-7.7K	0.00	116.98	3	0	2,325	726
2024-09-10	$29.31	$25.00	66.2%	6.6%	15.4%	67.9%	0.0%	-5.8%	3.4%	474.3K	-1.8M	-7.4K	0.00	95.86	0	0	2,328	726
2024-09-11	$28.98	$25.00	25.3%	7.2%	16.1%	14.2%	0.0%	-6.1%	-0.0%	354.3K	-1.4M	-6.5K	0.00	122.58	2	0	2,328	726
2024-09-12	$29.45	$25.00	26.5%	7.6%	16.8%	15.8%	0.0%	-6.5%	0.7%	532.3K	-2.1M	-7.1K	0.00	111.05	22	0	2,329	726
2024-09-13	$29.80	$25.00	21.6%	6.2%	17.0%	9.4%	0.0%	0.6%	7.3%	652.1K	-2.8M	-7.1K	0.00	110.94	47	0	2,234	726
2024-09-16	$30.41	$25.00	20.4%	5.9%	18.1%	7.8%	0.0%	-5.4%	8.0%	712.2K	-4.5M	-6.0K	0.35	85.33	108	38	2,270	726
2024-09-17	$29.94	$25.00	20.8%	6.0%	19.2%	8.3%	0.0%	-2.0%	5.3%	803.9K	-3.1M	-6.5K	0.00	109.50	0	3	2,275	764
2024-09-18	$29.80	$25.00	24.4%	7.0%	19.0%	13.0%	26.0%	-9.5%	-1.5%	1.3M	-2.2M	-6.3K	0.00	112.62	19	0	2,280	764
2024-09-19	$30.38	$25.00	22.7%	6.5%	19.6%	10.8%	21.4%	-3.6%	26.2%	935.5K	-4.7M	-5.5K	0.00	115.43	47	0	2,285	764
2024-09-20	$30.13	$25.00	23.8%	6.8%	19.2%	12.2%	23.8%	4.0%	20.2%	2.5M	-4.4M	-4.9K	0.00	116.82	148	0	2,266	764
2024-09-23	$29.13	$25.00	25.2%	7.2%	21.9%	14.1%	23.1%	-4.7%	11.1%	9.2K	-303.6K	-4.8K	2.67	114.21	6	16	462	584
2024-09-24	$29.16	$25.00	26.4%	7.6%	21.9%	15.6%	26.2%	-6.7%	5.7%	9.4K	-362.1K	-4.8K	0.00	101.11	14	0	468	600
2024-09-25	$28.66	$25.00	22.1%	6.3%	22.6%	10.1%	19.3%	9.2%	22.4%	7.5K	-228.5K	-4.9K	0.05	95.72	106	5	482	600
2024-09-26	$29.46	$30.00	25.4%	7.3%	24.6%	14.4%	24.1%	-6.2%	7.6%	30.5K	-490.9K	-5.2K	0.00	109.23	32	0	587	605
2024-09-27	$29.58	$30.00	20.6%	5.9%	24.7%	8.0%	17.1%	-0.4%	17.1%	40.3K	-522.7K	-5.6K	0.00	113.85	20	0	629	605
2024-09-30	$29.59	$30.00	22.1%	6.3%	24.4%	10.0%	26.9%	-2.1%	9.7%	40.7K	-573.5K	-5.4K	0.05	98.14	140	7	649	605