GPK Options History — November 2025

In November 2025, GPK traded between $15.20 and $17.16. ATM implied volatility averaged 39.0%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 4.0% (HV 20d: 42.9%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.84.

Notable Days

2025-11-03: Highest Volume — 1,204 contracts
2025-11-07: Largest IV spike — 23.3% change
2025-11-03: Highest IV Rank — 41.0%
2025-11-03: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.01	$15.20	$17.16	$15.71	$16.23
Max Pain	$19.61	$17.50	$20.00	$17.50	$20.00
ATM IV	39.0%	30.6%	50.4%	50.4%	30.6%
Expected Move	11.1%	8.8%	14.5%	14.5%	8.8%
HV 20d	42.9%	30.1%	45.7%	30.1%	40.1%
HV 60d	31.4%	26.2%	32.9%	26.2%	31.7%
IV Rank	27.3%	17.4%	41.0%	41.0%	17.4%
IV Percentile	83.5%	51.2%	99.2%	99.2%	51.2%
Term Structure	-2.6%	-23.8%	5.1%	-23.8%	-2.9%
VWIV	37.9%	31.3%	54.3%	54.3%	31.3%
Skew 25d	3.2%	-7.8%	27.8%	-7.8%	4.2%
Skew 10d	7.4%	-11.2%	41.3%	-1.8%	11.0%
Call IV 25d	37.2%	22.2%	58.3%	58.3%	30.7%
Put IV 25d	40.4%	33.7%	63.0%	50.5%	34.9%
Bid-Ask Spread %	67.77	43.18	99.68	73.36	80.72
Gamma HHI	0.39	0.29	0.58	0.33	0.40
Net GEX	3.6K	-41.8K	44.6K	13.0K	4.2K
Net DEX	-1.2M	-2.2M	-367.2K	-931.4K	-1.7M
Net VEX	-15.4K	-16.8K	-14.5K	-15.6K	-14.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.00	4.38	0.67	0.07
Total Volume	130.632	10	1,204	1,204	158
Total OI	8,717.263	7,835	9,353	7,835	8,253

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
2025-11-03	$15.71	$17.50	50.4%	14.5%	30.1%	41.0%	54.3%	-7.8%	-23.8%	13.0K	-931.4K	-15.6K	0.67	73.36	721	483	6,002	1,833
2025-11-04	$16.99	$17.50	39.1%	11.2%	43.4%	27.4%	43.4%	-3.3%	0.6%	41.3K	-2.0M	-16.4K	0.61	80.75	122	74	6,402	2,137
2025-11-05	$17.16	$17.50	36.1%	10.4%	43.7%	23.9%	36.1%	27.8%	-1.1%	44.6K	-2.2M	-15.8K	0.13	99.68	62	8	6,437	2,152
2025-11-06	$16.52	$20.00	30.9%	10.5%	44.3%	17.7%	0.0%	2.4%	-0.2%	27.8K	-1.6M	-15.6K	1.00	62.06	10	10	6,413	2,094
2025-11-07	$16.35	$20.00	38.2%	10.2%	42.6%	26.4%	37.7%	3.7%	-0.6%	8.3K	-1.3M	-15.3K	0.91	64.68	11	10	6,418	2,092
2025-11-10	$16.05	$20.00	43.3%	11.0%	42.9%	32.5%	34.5%	0.8%	-1.0%	9.1K	-1.1M	-15.0K	2.92	48.11	12	35	6,428	2,102
2025-11-11	$16.20	$20.00	48.1%	13.3%	43.1%	38.2%	35.5%	2.5%	-18.1%	6.4K	-1.2M	-15.0K	0.65	82.34	26	17	6,435	2,095
2025-11-12	$15.77	$20.00	36.9%	10.6%	43.9%	24.9%	36.1%	2.5%	0.8%	-12.5K	-704.8K	-14.5K	0.01	65.86	247	3	6,451	2,096
2025-11-13	$16.09	$20.00	41.5%	11.9%	44.6%	30.3%	39.5%	6.0%	-4.1%	20.3K	-1.4M	-16.8K	0.33	66.08	52	17	7,190	2,099
2025-11-14	$16.02	$20.00	38.5%	11.0%	44.6%	26.7%	0.0%	1.1%	1.4%	15.3K	-1.3M	-16.5K	0.00	81.05	10	0	7,229	2,110
2025-11-17	$15.55	$20.00	38.7%	11.1%	45.1%	27.0%	38.6%	-6.4%	-1.5%	-18.0K	-757.1K	-15.6K	4.38	49.12	13	57	7,229	2,110
2025-11-18	$15.52	$20.00	40.1%	11.5%	44.6%	28.7%	40.2%	1.8%	-0.7%	-18.3K	-763.2K	-15.6K	0.18	65.43	28	5	7,231	2,118
2025-11-19	$15.29	$20.00	37.9%	10.9%	43.8%	26.0%	38.9%	-6.3%	2.2%	-41.8K	-408.4K	-15.1K	0.88	56.78	8	7	7,236	2,117
2025-11-20	$15.20	$20.00	39.7%	11.4%	43.8%	28.2%	39.5%	3.2%	1.7%	-37.7K	-367.2K	-14.9K	0.58	67.12	12	7	7,241	2,108
2025-11-21	$15.57	$20.00	39.5%	11.3%	44.6%	27.9%	35.5%	7.0%	-1.7%	-2.6K	-912.4K	-15.2K	0.10	65.24	48	5	7,242	2,107
2025-11-24	$15.73	$20.00	37.3%	10.7%	44.6%	25.4%	36.4%	15.1%	-0.2%	-5.1K	-1.1M	-14.8K	2.45	43.18	11	27	6,336	1,755
2025-11-25	$16.11	$20.00	39.5%	11.3%	45.7%	28.0%	34.6%	3.3%	-5.2%	2.5K	-1.5M	-15.1K	0.14	68.56	88	12	6,340	1,775
2025-11-26	$16.13	$20.00	34.2%	9.8%	40.3%	21.6%	32.7%	3.6%	5.1%	10.9K	-1.6M	-15.1K	0.00	67.52	66	0	6,430	1,785
2025-11-28	$16.23	$20.00	30.6%	8.8%	40.1%	17.4%	31.3%	4.2%	-2.9%	4.2K	-1.7M	-14.8K	0.07	80.72	148	10	6,468	1,785