GPK Options History — February 2025

In February 2025, GPK traded between $26.32 and $27.30. ATM implied volatility averaged 27.4%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 5.7% (HV 20d: 21.7%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 5.37.

Notable Days

2025-02-04: Highest Volume — 384 contracts
2025-02-10: Largest IV drop — 33.5% change
2025-02-03: Highest IV Rank — 21.3%
2025-02-03: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.74	$26.32	$27.30	$27.30	$26.47
Max Pain	$29.21	$25.00	$30.00	$25.00	$30.00
ATM IV	27.4%	19.9%	32.6%	32.6%	31.6%
Expected Move	8.1%	6.7%	9.4%	9.4%	9.0%
HV 20d	21.7%	19.9%	24.5%	21.0%	21.7%
HV 60d	20.0%	19.6%	20.6%	19.9%	20.0%
IV Rank	15.2%	6.4%	21.3%	21.3%	20.0%
IV Percentile	48.8%	9.1%	71.0%	70.6%	69.0%
Term Structure	3.1%	-5.6%	18.7%	6.7%	-1.4%
VWIV	44.5%	15.5%	191.1%	38.8%	32.7%
Skew 25d	9.4%	-3.9%	14.8%	3.3%	12.8%
Skew 10d	18.3%	5.0%	41.3%	18.4%	16.5%
Call IV 25d	19.0%	13.4%	36.7%	36.7%	19.6%
Put IV 25d	28.4%	24.1%	40.0%	40.0%	32.4%
Bid-Ask Spread %	66.27	39.88	95.84	72.81	82.86
Gamma HHI	0.44	0.42	0.48	0.48	0.44
Net GEX	15.9K	3.0K	45.1K	45.1K	3.0K
Net DEX	-118.9K	-615.8K	213.6K	-615.8K	37.3K
Net VEX	-8.7K	-9.6K	-7.1K	-8.1K	-8.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.37	0.00	42.50	0.00	26.00
Total Volume	31.842	0	384	3	27
Total OI	2,785.053	2,478	2,871	2,478	2,793

Daily Data (19 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
2025-02-03	$27.30	$25.00	32.6%	9.4%	21.0%	21.3%	38.8%	3.3%	6.7%	45.1K	-615.8K	-8.1K	0.00	72.81	3	0	1,963	515
2025-02-04	$26.51	$25.00	29.7%	8.5%	22.5%	17.9%	31.4%	5.4%	1.0%	27.0K	-344.0K	-7.1K	9.38	93.60	37	347	1,966	520
2025-02-05	$26.32	$25.00	27.2%	7.8%	22.6%	14.9%	191.1%	-3.9%	-2.9%	7.1K	-19.2K	-9.6K	0.00	95.84	11	0	1,994	854
2025-02-06	$26.88	$30.00	23.3%	8.0%	23.8%	10.3%	0.0%	5.1%	1.5%	20.9K	-151.7K	-9.3K	0.00	71.37	1	0	1,993	854
2025-02-07	$26.41	$30.00	30.1%	7.9%	24.5%	18.4%	0.0%	10.0%	0.4%	7.6K	1.4K	-9.4K	0.00	59.58	0	10	1,993	854
2025-02-10	$26.43	$30.00	20.1%	7.7%	23.7%	6.5%	15.5%	8.5%	1.1%	9.6K	61.4K	-8.8K	0.50	45.63	4	2	1,993	864
2025-02-11	$26.53	$30.00	19.9%	7.6%	22.5%	6.4%	26.5%	8.1%	1.9%	11.9K	18.0K	-8.6K	0.00	39.88	0	11	1,995	862
2025-02-12	$26.43	$30.00	26.1%	7.5%	21.9%	13.7%	24.9%	10.4%	3.0%	8.1K	-11.7K	-9.0K	1.00	47.30	2	2	1,995	871
2025-02-13	$26.59	$30.00	26.0%	7.4%	21.8%	13.5%	0.0%	10.5%	3.4%	10.8K	-65.6K	-9.0K	0.00	43.09	1	0	1,996	873
2025-02-14	$26.70	$30.00	27.2%	7.8%	21.7%	14.9%	0.0%	11.4%	2.1%	13.1K	-113.1K	-9.1K	0.00	65.37	2	0	1,995	873
2025-02-18	$26.95	$30.00	27.1%	7.8%	21.0%	14.8%	0.0%	11.2%	4.1%	17.6K	-85.1K	-8.5K	0.00	54.54	3	0	1,996	873
2025-02-19	$27.05	$30.00	23.5%	6.7%	20.7%	10.6%	0.0%	12.8%	0.7%	10.1K	-162.0K	-8.8K	0.00	69.37	6	0	1,993	873
2025-02-20	$26.95	$30.00	25.5%	7.3%	20.4%	13.0%	0.0%	13.6%	18.7%	16.4K	-258.7K	-9.0K	0.00	60.36	0	0	1,998	873
2025-02-21	$27.09	$30.00	31.9%	9.1%	20.2%	20.4%	22.6%	9.8%	16.7%	24.1K	-220.7K	-9.0K	0.80	80.82	5	4	1,998	873
2025-02-24	$26.80	$30.00	27.6%	7.9%	20.2%	15.4%	31.1%	14.8%	6.0%	20.8K	-34.1K	-8.1K	0.40	57.21	5	2	1,882	808
2025-02-25	$27.19	$30.00	32.5%	9.3%	20.0%	21.1%	0.0%	12.2%	-5.6%	22.8K	-248.0K	-8.7K	0.00	66.86	13	0	1,887	808
2025-02-26	$27.09	$30.00	28.3%	8.1%	19.9%	16.2%	0.0%	12.4%	2.5%	22.2K	-261.2K	-8.8K	0.00	68.08	0	20	1,901	808
2025-02-27	$26.39	$30.00	30.6%	8.8%	21.6%	18.9%	30.8%	10.4%	-0.8%	4.0K	213.6K	-7.5K	42.50	84.50	2	85	1,901	828
2025-02-28	$26.47	$30.00	31.6%	9.0%	21.7%	20.0%	32.7%	12.8%	-1.4%	3.0K	37.3K	-8.4K	26.00	82.86	1	26	1,901	892