GPK Options History — March 2025

In March 2025, GPK traded between $25.32 and $27.69. ATM implied volatility averaged 30.1%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 4.5% (HV 20d: 25.7%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 5.19.

Notable Days

  • 2025-03-21: Highest Volume — 792 contracts
  • 2025-03-11: Largest IV spike — 55.8% change
  • 2025-03-03: Highest IV Rank — 27.9%
  • 2025-03-12: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.22$25.32$27.69$26.13$26.07
Max Pain$27.63$25.00$30.00$30.00$25.00
ATM IV30.1%17.4%38.2%38.2%33.4%
Expected Move9.1%5.0%13.3%11.0%9.1%
HV 20d25.7%17.5%29.8%20.0%28.2%
HV 60d22.5%20.1%23.9%20.1%23.1%
IV Rank18.4%3.4%27.9%27.9%22.2%
IV Percentile59.8%3.2%80.6%80.6%75.4%
Term Structure0.4%-13.5%13.3%-13.5%-1.3%
VWIV35.2%29.1%56.7%35.9%31.8%
Skew 25d1.7%-11.8%20.5%9.1%-1.1%
Skew 10d5.8%-17.9%25.6%19.0%-5.2%
Call IV 25d30.4%16.4%37.4%25.2%34.3%
Put IV 25d32.1%24.3%36.8%34.3%33.2%
Bid-Ask Spread %86.0471.04126.8089.8779.46
Gamma HHI0.460.390.640.440.40
Net GEX-12.6K-123.6K56.8K-4.6K-44.3K
Net DEX245.9K-729.1K1.2M109.6K809.9K
Net VEX-9.1K-12.3K-6.2K-8.2K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.190.0049.081.670.00
Total Volume76.66707924819
Total OI3,252.9052,8203,5712,8203,571

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$26.13$30.0038.2%11.0%20.0%27.9%0.0%9.1%-13.5%-4.6K109.6K-8.2K0.0089.870481,902918
2025-03-04$25.95$30.0032.9%9.4%20.0%21.6%0.0%8.1%-3.3%-16.7K335.6K-8.0K1.6781.62351,902966
2025-03-05$26.13$30.0033.3%9.5%17.5%22.1%0.0%1.9%0.3%-10.9K233.1K-8.2K0.0086.73011,903969
2025-03-06$26.63$30.0035.4%10.2%18.7%24.6%35.9%-1.4%-1.1%-349.8K-8.5K1.0082.68111,903970
2025-03-07$27.69$30.0017.4%5.0%22.1%3.4%32.3%3.6%0.1%24.5K-417.2K-8.8K6.5090.614261,903970
2025-03-10$27.54$30.0021.9%6.3%21.1%8.7%56.7%20.5%13.3%56.8K-729.1K-10.0K0.0092.212602,341982
2025-03-11$27.62$30.0034.1%7.3%21.1%23.0%0.0%2.7%-0.5%54.2K-618.5K-9.7K0.0096.75002,340982
2025-03-12$26.31$30.0032.1%13.3%27.7%20.7%0.0%3.5%-1.4%14.8K41.0K-8.5K0.3390.30312,340982
2025-03-13$26.15$30.0032.5%11.7%27.7%21.2%0.0%2.6%-1.9%5.3K121.9K-8.3K0.0087.66022,343983
2025-03-14$26.14$30.0032.8%10.6%27.6%21.5%0.0%6.6%-3.9%7.2K97.7K-8.1K0.0091.03002,342983
2025-03-17$26.19$25.0031.1%8.8%27.6%19.5%0.0%-0.0%-0.3%1.8K95.5K-7.5K0.6078.1020122,342981
2025-03-18$26.32$25.0032.7%9.0%27.4%21.4%0.0%1.9%-1.2%33.0K-56.1K-7.7K0.0075.74102,331991
2025-03-19$25.71$25.0031.0%8.8%28.5%19.4%0.0%-1.4%-0.7%-14.2K160.3K-6.9K1.3380.84342,331986
2025-03-20$25.97$0.0029.1%8.3%28.8%17.1%0.0%2.6%8.4%24.4K76.5K-7.1K0.57126.80742,334984
2025-03-21$25.36$0.0027.9%8.9%29.7%15.7%31.2%1.5%3.0%-123.6K378.6K-6.2K0.0071.0407922,341983
2025-03-24$25.32$25.0026.4%8.4%29.6%14.0%29.3%-5.5%2.8%-50.1K859.7K-8.7K49.0880.00125891,6641,282
2025-03-25$25.43$25.0026.1%8.5%29.0%13.7%0.0%-11.8%3.7%-71.0K1.2M-11.9K1.2083.85561,6761,881
2025-03-26$25.84$25.0027.4%8.3%29.8%15.1%29.1%0.9%1.7%-59.8K917.8K-12.0K0.0081.95901,6811,886
2025-03-27$26.02$25.0026.9%8.5%28.6%14.6%0.0%-2.9%2.7%-52.2K817.3K-12.2K0.0081.11001,6851,886
2025-03-28$26.00$25.0030.6%9.4%28.5%18.9%0.0%-5.9%2.7%-40.4K700.0K-12.1K0.0078.45061,6851,886
2025-03-31$26.07$25.0033.4%9.1%28.2%22.2%31.8%-1.1%-1.3%-44.3K809.9K-12.3K0.0079.460191,6851,886