GPK Options History — February 2026

In February 2026, GPK traded between $12.00 and $14.79. ATM implied volatility averaged 47.0%, placing in the 50.5% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded below realized volatility by 35.7% (HV 20d: 82.7%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.95.

Notable Days

2026-02-03: Highest Volume — 13,898 contracts
2026-02-06: Largest IV drop — 17.6% change
2026-02-05: Highest IV Rank — 58.3%
2026-02-04: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.75	$12.00	$14.79	$14.79	$12.21
Max Pain	$12.89	$12.50	$15.00	$15.00	$12.50
ATM IV	47.0%	37.6%	51.8%	48.9%	47.3%
Expected Move	13.6%	13.0%	14.5%	14.0%	13.6%
HV 20d	82.7%	31.3%	88.4%	31.3%	88.4%
HV 60d	55.9%	33.8%	58.7%	33.8%	58.5%
IV Rank	50.5%	35.2%	58.3%	53.6%	51.0%
IV Percentile	94.2%	73.4%	99.6%	98.4%	94.0%
Term Structure	0.0%	-9.2%	32.3%	-7.7%	-1.9%
VWIV	47.9%	45.2%	56.4%	45.5%	47.7%
Skew 25d	1.9%	-7.6%	15.3%	13.6%	1.8%
Skew 10d	1.2%	-13.9%	25.2%	22.1%	-0.2%
Call IV 25d	46.9%	38.9%	54.1%	40.2%	54.1%
Put IV 25d	48.8%	38.7%	55.9%	53.8%	55.9%
Bid-Ask Spread %	84.91	72.91	101.64	72.91	82.48
Gamma HHI	0.40	0.35	0.58	0.46	0.39
Net GEX	312.2K	201.6K	659.6K	659.6K	243.1K
Net DEX	-5.4M	-13.5M	-1.4M	-13.5M	-3.7M
Net VEX	-40.7K	-68.2K	-32.4K	-68.2K	-33.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.00	11.91	0.01	0.43
Total Volume	1,918.368	40	13,898	7,297	209
Total OI	32,923.316	23,695	38,642	34,359	25,048

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
2026-02-02	$14.79	$15.00	48.9%	14.0%	31.3%	53.6%	45.5%	13.6%	-7.7%	659.6K	-13.5M	-68.2K	0.01	72.91	7,209	88	31,519	2,840
2026-02-03	$12.23	$15.00	46.1%	13.2%	73.2%	49.0%	45.6%	-2.5%	1.6%	201.6K	-1.4M	-33.2K	0.02	75.63	13,608	290	30,471	2,864
2026-02-04	$13.62	$15.00	50.7%	14.5%	84.5%	56.6%	50.7%	-0.7%	-3.4%	349.9K	-8.6M	-52.2K	0.04	101.64	3,068	138	30,769	3,048
2026-02-05	$13.17	$12.50	51.8%	13.2%	84.7%	58.3%	47.2%	-3.6%	-0.4%	335.0K	-6.9M	-47.5K	0.01	88.25	171	2	30,797	3,090
2026-02-06	$13.30	$12.50	42.7%	13.1%	83.1%	43.5%	45.7%	-0.5%	-0.4%	346.2K	-7.1M	-46.5K	0.43	84.76	30	13	30,895	3,087
2026-02-09	$13.21	$12.50	37.6%	13.1%	82.6%	35.2%	46.1%	-1.1%	-0.7%	348.1K	-6.6M	-44.4K	0.60	90.31	40	24	30,903	3,095
2026-02-10	$13.36	$12.50	44.2%	13.7%	82.9%	46.0%	46.7%	0.0%	0.1%	353.2K	-7.9M	-47.0K	0.01	80.16	5,786	30	30,915	3,115
2026-02-11	$12.43	$12.50	48.5%	13.9%	85.9%	53.0%	48.9%	2.6%	-0.4%	320.4K	-4.2M	-39.7K	1.60	81.24	280	448	35,207	3,121
2026-02-12	$12.23	$12.50	48.1%	13.8%	85.9%	52.3%	51.4%	0.8%	-1.6%	288.2K	-3.2M	-37.2K	0.93	93.44	56	52	35,259	3,339
2026-02-13	$12.48	$12.50	46.5%	13.3%	86.7%	49.8%	47.3%	6.1%	1.5%	308.5K	-3.8M	-38.0K	0.00	79.09	1,048	5	35,265	3,377
2026-02-17	$12.36	$12.50	50.0%	14.3%	86.6%	55.5%	50.0%	0.2%	-2.9%	290.1K	-4.1M	-35.7K	0.33	83.61	30	10	34,447	2,633
2026-02-18	$13.00	$12.50	47.4%	13.6%	88.4%	51.3%	47.3%	-0.2%	1.3%	332.1K	-6.8M	-39.1K	0.20	81.94	46	9	34,456	2,634
2026-02-19	$12.89	$12.50	47.3%	13.6%	88.0%	51.1%	47.3%	-5.5%	32.3%	346.3K	-6.4M	-38.8K	11.91	84.01	67	798	34,483	2,635
2026-02-20	$12.59	$12.50	46.9%	13.4%	87.3%	50.3%	46.9%	-7.6%	-2.4%	300.6K	-5.0M	-37.9K	0.17	98.68	618	108	34,539	3,041
2026-02-23	$12.09	$12.50	48.9%	14.0%	87.8%	53.6%	48.1%	-1.9%	-9.2%	215.2K	-3.2M	-32.4K	0.18	78.93	1,523	267	21,057	2,638
2026-02-24	$12.16	$12.50	46.0%	13.2%	88.0%	48.8%	46.0%	15.3%	-4.3%	235.4K	-3.5M	-33.8K	0.11	78.29	83	9	22,111	2,813
2026-02-25	$12.00	$12.50	48.5%	13.9%	88.0%	52.9%	56.4%	13.9%	-1.3%	219.4K	-3.1M	-32.8K	0.95	87.01	86	82	22,159	2,821
2026-02-26	$12.13	$12.50	45.2%	13.0%	88.4%	47.6%	45.2%	5.5%	-0.2%	239.6K	-4.1M	-35.6K	0.08	91.00	109	9	22,176	2,876
2026-02-27	$12.21	$12.50	47.3%	13.6%	88.4%	51.0%	47.7%	1.8%	-1.9%	243.1K	-3.7M	-33.9K	0.43	82.48	146	63	22,170	2,878