GPK Options History — January 2026

In January 2026, GPK traded between $14.52 and $15.93. ATM implied volatility averaged 41.4%, placing in the 36.6% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 11.0% (HV 20d: 30.5%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 7.17.

Notable Days

2026-01-27: Highest Volume — 10,391 contracts
2026-01-08: Largest IV spike — 17.0% change
2026-01-29: Highest IV Rank — 54.6%
2026-01-29: Largest Expected Move — 14.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.24	$14.52	$15.93	$15.14	$14.59
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	41.4%	33.1%	49.5%	33.1%	45.6%
Expected Move	12.2%	9.5%	14.2%	9.5%	13.1%
HV 20d	30.5%	23.7%	42.9%	42.4%	30.9%
HV 60d	38.4%	37.4%	39.3%	37.9%	37.5%
IV Rank	36.6%	20.3%	54.6%	20.3%	48.3%
IV Percentile	88.6%	63.5%	99.2%	63.5%	95.2%
Term Structure	-1.7%	-6.7%	4.0%	4.0%	1.9%
VWIV	43.0%	26.2%	59.1%	33.1%	57.4%
Skew 25d	4.4%	-9.5%	21.4%	21.4%	1.7%
Skew 10d	12.4%	-16.3%	41.0%	41.0%	0.1%
Call IV 25d	44.2%	30.9%	55.9%	30.9%	54.5%
Put IV 25d	48.6%	32.5%	56.2%	52.3%	56.2%
Bid-Ask Spread %	95.17	85.26	105.35	99.11	86.17
Gamma HHI	0.52	0.39	0.75	0.39	0.45
Net GEX	225.4K	65.1K	581.5K	76.9K	552.6K
Net DEX	-4.8M	-12.4M	-2.0M	-2.0M	-11.0M
Net VEX	-32.4K	-67.8K	-19.4K	-19.7K	-65.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	7.17	0.00	128.50	0.06	1.01
Total Volume	1,448	17	10,391	34	386
Total OI	16,537.85	10,110	33,575	10,110	33,575

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
2026-01-02	$15.14	$15.00	33.1%	9.5%	42.4%	20.3%	33.1%	21.4%	4.0%	76.9K	-2.0M	-19.7K	0.06	99.11	32	2	8,299	1,811
2026-01-05	$15.43	$15.00	34.4%	11.1%	42.3%	21.9%	29.7%	11.1%	-2.2%	94.0K	-2.5M	-19.8K	0.02	95.65	97	2	8,317	1,809
2026-01-06	$15.50	$15.00	37.4%	10.7%	42.1%	25.4%	26.2%	-5.7%	-1.8%	97.3K	-2.5M	-20.4K	0.18	96.95	256	46	8,377	1,810
2026-01-07	$15.04	$15.00	35.6%	10.6%	42.9%	23.3%	37.1%	8.2%	-0.3%	65.1K	-2.0M	-19.4K	0.28	104.57	189	53	8,629	1,854
2026-01-08	$15.66	$15.00	41.6%	13.2%	29.3%	30.5%	43.4%	12.6%	-6.7%	118.8K	-3.2M	-21.2K	0.00	105.35	3,544	10	8,813	1,900
2026-01-09	$15.93	$15.00	38.9%	12.0%	25.0%	27.2%	39.4%	6.0%	-1.2%	248.2K	-5.1M	-27.1K	0.05	97.87	372	18	11,909	1,900
2026-01-12	$15.70	$15.00	38.6%	12.1%	23.8%	26.8%	42.0%	10.2%	-1.4%	193.4K	-4.4M	-26.8K	5.38	96.55	13	70	12,096	1,918
2026-01-13	$15.52	$15.00	37.9%	11.9%	24.0%	26.0%	41.6%	11.3%	-1.5%	185.7K	-4.1M	-25.3K	1.43	95.94	7	10	12,097	1,992
2026-01-14	$15.43	$15.00	41.9%	12.0%	23.8%	30.8%	41.1%	6.5%	-0.9%	190.9K	-4.0M	-25.3K	0.13	102.69	24	3	12,102	2,002
2026-01-15	$15.33	$15.00	41.7%	12.0%	23.9%	30.6%	35.8%	4.2%	-2.0%	174.1K	-3.7M	-25.0K	5.00	91.66	4	20	12,095	2,005
2026-01-16	$15.32	$15.00	39.3%	11.3%	23.7%	38.0%	39.3%	6.3%	-0.7%	139.7K	-3.4M	-23.4K	0.97	94.70	29	28	12,096	2,012
2026-01-20	$14.71	$15.00	43.0%	12.3%	27.7%	44.0%	43.4%	3.2%	-1.1%	99.6K	-2.1M	-20.9K	128.50	98.89	2	257	10,339	1,838
2026-01-21	$14.98	$15.00	43.1%	12.4%	28.6%	44.2%	45.0%	-9.5%	-2.2%	109.5K	-2.3M	-21.3K	0.10	96.31	84	8	10,341	2,090
2026-01-22	$15.34	$15.00	44.1%	12.7%	29.8%	45.8%	44.1%	4.9%	-2.7%	142.7K	-3.0M	-23.1K	0.01	89.11	2,341	19	10,367	2,098
2026-01-23	$15.41	$15.00	42.9%	12.3%	29.1%	43.7%	48.6%	0.9%	-1.5%	192.6K	-4.6M	-33.4K	0.00	97.14	6,511	6	12,678	2,109
2026-01-26	$15.29	$15.00	47.0%	13.5%	29.3%	50.5%	51.0%	2.9%	-4.3%	353.4K	-6.8M	-46.9K	0.26	85.26	1,656	423	19,000	2,114
2026-01-27	$15.06	$15.00	46.3%	13.3%	29.8%	49.4%	48.3%	-2.1%	-2.9%	325.9K	-6.1M	-48.2K	0.04	85.74	9,972	419	20,538	2,531
2026-01-28	$14.84	$15.00	46.7%	13.4%	30.1%	50.0%	59.1%	-3.6%	-1.5%	581.5K	-12.4M	-67.8K	0.01	94.31	1,577	17	29,534	2,540
2026-01-29	$14.52	$15.00	49.5%	14.2%	30.9%	54.6%	54.2%	-3.3%	-4.9%	565.1K	-11.1M	-66.7K	0.06	89.52	429	24	30,665	2,557
2026-01-30	$14.59	$15.00	45.6%	13.1%	30.9%	48.3%	57.4%	1.7%	1.9%	552.6K	-11.0M	-65.9K	1.01	86.17	192	194	30,901	2,674