GPK Options History — January 2025

In January 2025, GPK traded between $26.23 and $28.27. ATM implied volatility averaged 32.5%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 12.4% (HV 20d: 20.1%). 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 4 of 20 days. Put/call ratio averaged 0.97.

Notable Days

2025-01-21: Highest Volume — 108 contracts
2025-01-14: Largest IV spike — 276.0% change
2025-01-14: Highest IV Rank — 100.0%
2025-01-03: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.29	$26.23	$28.27	$26.87	$27.27
Max Pain	$25.50	$25.00	$30.00	$30.00	$25.00
ATM IV	32.5%	20.6%	99.7%	27.6%	38.4%
Expected Move	8.8%	6.2%	12.0%	7.9%	11.0%
HV 20d	20.1%	18.6%	23.3%	18.9%	21.2%
HV 60d	21.4%	19.3%	22.2%	21.3%	20.1%
IV Rank	21.9%	8.0%	100.0%	17.2%	28.0%
IV Percentile	55.7%	12.7%	100.0%	56.0%	81.0%
Term Structure	-3.4%	-26.4%	6.9%	6.9%	-8.8%
VWIV	30.4%	22.4%	37.5%	24.3%	37.5%
Skew 25d	2.8%	-5.5%	15.4%	4.0%	-0.9%
Skew 10d	8.0%	-5.9%	18.8%	7.8%	2.1%
Call IV 25d	29.8%	22.0%	38.0%	25.9%	33.4%
Put IV 25d	32.6%	27.6%	38.4%	29.9%	32.5%
Bid-Ask Spread %	83.74	72.13	100.11	82.20	88.31
Gamma HHI	0.48	0.40	0.63	0.55	0.49
Net GEX	50.9K	27.5K	88.7K	69.5K	49.2K
Net DEX	-588.7K	-994.0K	-158.2K	-509.8K	-601.2K
Net VEX	-8.6K	-9.4K	-7.9K	-9.4K	-7.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.97	0.00	7.00	1.25	2.00
Total Volume	21	1	108	9	12
Total OI	2,876.55	2,288	3,318	3,173	2,467

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
2025-01-02	$26.87	$30.00	27.6%	7.9%	18.9%	17.2%	24.3%	4.0%	6.9%	69.5K	-509.8K	-9.4K	1.25	82.20	4	5	2,689	484
2025-01-03	$26.34	$30.00	41.8%	12.0%	19.3%	35.9%	27.7%	-5.5%	-26.4%	43.8K	-220.0K	-8.3K	0.40	78.61	5	2	2,691	486
2025-01-06	$26.36	$25.00	31.0%	9.0%	19.1%	21.8%	31.2%	2.3%	-2.4%	41.2K	-234.2K	-8.1K	1.41	92.01	34	48	2,693	487
2025-01-07	$26.48	$25.00	27.5%	9.1%	19.3%	17.0%	0.0%	2.9%	-1.9%	34.4K	-226.9K	-8.2K	0.00	85.52	10	0	2,699	547
2025-01-08	$26.68	$25.00	20.6%	9.3%	19.2%	8.0%	32.4%	3.7%	-1.3%	32.7K	-322.5K	-8.6K	6.00	77.53	2	12	2,709	547
2025-01-10	$26.23	$25.00	26.0%	8.9%	19.5%	15.2%	31.9%	-0.7%	0.1%	27.5K	-158.2K	-8.3K	7.00	90.88	3	21	2,711	559
2025-01-13	$26.79	$25.00	26.5%	9.6%	21.8%	15.8%	30.5%	2.6%	-1.6%	32.5K	-313.8K	-8.4K	0.00	80.48	1	0	2,713	580
2025-01-14	$27.16	$25.00	99.7%	9.6%	22.4%	100.0%	33.0%	3.8%	-2.0%	88.7K	-675.1K	-9.2K	0.50	82.81	4	2	2,714	580
2025-01-15	$27.38	$25.00	32.4%	9.3%	22.8%	21.1%	0.0%	4.0%	1.8%	75.9K	-589.0K	-8.9K	0.00	72.13	21	0	2,713	582
2025-01-16	$27.55	$25.00	27.1%	7.8%	22.8%	14.8%	29.5%	2.8%	-4.5%	41.0K	-489.5K	-8.5K	0.50	81.67	2	1	2,733	582
2025-01-17	$28.01	$25.00	26.4%	7.6%	23.3%	14.0%	22.4%	-1.2%	-3.8%	45.7K	-685.3K	-9.0K	0.00	86.11	2	0	2,735	583
2025-01-21	$28.27	$25.00	27.0%	7.7%	19.7%	14.7%	30.0%	-0.7%	-5.4%	52.7K	-994.0K	-9.0K	0.01	87.82	107	1	1,782	506
2025-01-22	$27.93	$25.00	24.9%	7.1%	20.2%	12.2%	28.7%	10.0%	-0.4%	57.2K	-917.7K	-9.0K	0.00	78.22	6	0	1,880	507
2025-01-23	$27.59	$25.00	25.3%	7.3%	18.8%	12.7%	32.0%	0.9%	-3.4%	50.7K	-746.0K	-8.5K	0.31	76.30	42	13	1,881	507
2025-01-24	$27.30	$25.00	35.3%	10.1%	18.6%	24.5%	34.8%	4.3%	-3.1%	43.0K	-619.2K	-8.5K	0.00	73.86	15	0	1,908	507
2025-01-27	$27.74	$25.00	26.6%	7.6%	19.0%	14.3%	0.0%	2.6%	-4.8%	55.1K	-809.2K	-8.7K	0.00	88.14	1	0	1,916	507
2025-01-28	$27.88	$25.00	25.7%	7.4%	19.0%	13.2%	0.0%	6.0%	-3.7%	56.5K	-849.8K	-8.6K	0.00	85.06	33	0	1,917	507
2025-01-29	$27.99	$25.00	39.6%	11.4%	18.9%	29.5%	0.0%	0.4%	-8.5%	56.8K	-945.9K	-8.6K	0.00	100.11	10	0	1,949	507
2025-01-30	$28.04	$25.00	21.5%	6.2%	18.6%	8.2%	0.0%	15.4%	5.6%	64.4K	-867.3K	-8.4K	0.00	86.94	1	0	1,959	507
2025-01-31	$27.27	$25.00	38.4%	11.0%	21.2%	28.0%	37.5%	-0.9%	-8.8%	49.2K	-601.2K	-7.9K	2.00	88.31	4	8	1,960	507