GPK Options History — March 2026

In March 2026, GPK traded between $8.80 and $11.79. ATM implied volatility averaged 44.5%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 2.9% (HV 20d: 47.3%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.97.

Notable Days

  • 2026-03-02: Highest Volume — 1,272 contracts
  • 2026-03-19: Largest IV spike — 119.0% change
  • 2026-03-06: Highest IV Rank — 73.8%
  • 2026-03-03: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.04$8.80$11.79$11.79$9.90
Max Pain$11.93$10.00$12.50$12.50$10.00
ATM IV44.5%13.7%61.2%52.2%26.1%
Expected Move13.2%3.9%16.6%15.0%7.5%
HV 20d47.3%32.4%89.0%88.8%50.2%
HV 60d58.1%55.5%61.2%58.8%61.2%
IV Rank46.9%0.0%73.8%59.0%19.5%
IV Percentile71.0%0.0%99.6%99.6%6.3%
Term Structure1.3%-14.5%29.5%-1.9%29.5%
VWIV52.3%47.6%59.5%52.6%54.0%
Skew 25d7.4%-14.7%61.3%2.1%4.7%
Skew 10d40.8%-23.5%153.5%-8.5%7.7%
Call IV 25d51.3%39.3%63.3%56.9%47.5%
Put IV 25d58.6%41.1%113.8%59.1%52.2%
Bid-Ask Spread %49.8721.7897.5885.5022.22
Gamma HHI0.280.210.390.390.22
Net GEX65.1K16.5K198.6K198.6K66.3K
Net DEX-552.8K-2.4M771.3K-2.4M-2.1M
Net VEX-23.4K-30.5K-19.1K-30.5K-26.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.065.502.560.60
Total Volume457.581,2721,2728
Total OI24,712.54517,22529,78225,20318,757

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$11.79$12.5052.2%15.0%88.8%59.0%52.6%2.1%-1.9%198.6K-2.4M-30.5K2.5685.5035791522,2972,906
2026-03-03$11.29$12.5057.8%16.6%89.0%68.3%59.5%-2.9%-7.6%144.1K-1.0M-27.2K0.5394.201306922,5543,269
2026-03-04$11.27$12.5053.7%15.4%59.7%61.5%59.1%1.3%-10.8%143.8K-1.1M-27.6K1.3886.9115421222,6593,331
2026-03-05$11.14$12.5060.4%14.3%42.7%72.4%50.6%-1.7%2.7%127.8K-542.2K-27.0K0.2996.6841311822,7493,535
2026-03-06$11.27$12.5061.2%14.6%42.5%73.8%53.5%-0.3%-6.5%135.7K-1.1M-29.5K5.5097.586234123,0713,651
2026-03-09$10.80$12.5050.3%14.9%43.6%55.9%52.7%42.3%3.2%50.4K465.6K-23.6K0.4689.8439718223,1033,973
2026-03-10$10.52$12.5055.9%14.4%44.0%65.1%50.8%61.3%1.7%53.7K476.4K-23.2K0.6678.9237925123,4444,108
2026-03-11$10.29$12.5050.1%14.4%43.3%55.6%51.2%-4.9%0.5%32.8K771.3K-21.2K0.0680.081,0336523,8144,274
2026-03-12$9.77$12.5050.2%15.5%40.1%55.8%49.7%-14.7%-14.5%16.5K728.7K-19.1K0.3229.721615124,5484,332
2026-03-13$9.73$12.5047.6%14.8%40.1%51.5%47.6%11.6%2.8%19.4K701.2K-19.4K0.2526.55481224,5274,388
2026-03-16$9.88$12.5048.9%13.7%39.7%53.6%50.2%-13.1%4.3%16.6K151.9K-20.3K0.1829.763456224,5704,039
2026-03-17$9.82$12.5024.5%13.9%39.7%13.7%48.5%14.8%1.0%16.6K129.1K-19.6K0.0722.66130924,8704,077
2026-03-18$9.59$12.5022.6%14.8%32.4%10.6%51.7%-2.3%2.8%24.8K229.6K-20.1K4.5430.787835424,9934,045
2026-03-19$9.32$12.5049.5%13.9%32.6%54.6%49.4%15.7%2.9%37.4K378.6K-19.4K0.7030.1055238725,0334,067
2026-03-20$8.80$12.5056.3%16.2%35.7%65.7%56.9%1.8%-2.8%34.2K333.9K-19.7K0.1431.5083111525,5944,188
2026-03-23$9.36$12.5053.1%15.0%44.5%60.5%52.5%16.8%2.2%47.4K-1.4M-23.1K0.2129.784419214,1513,074
2026-03-24$9.05$12.5054.7%15.6%44.5%63.1%55.9%10.6%1.1%45.8K-1.0M-21.9K0.7131.3929220814,5353,166
2026-03-25$9.34$10.0051.4%14.6%47.4%57.7%50.8%17.5%3.8%50.6K-1.3M-22.9K0.9529.5728226914,8143,246
2026-03-26$9.30$10.0017.8%5.1%46.8%2.7%51.8%-5.9%2.4%53.7K-1.4M-23.6K0.3921.78331315,0983,490
2026-03-27$9.20$10.0013.7%3.9%46.2%0.0%47.6%0.5%10.1%59.7K-1.6M-25.1K0.7128.22946715,1053,486
2026-03-30$9.45$10.0020.2%5.8%47.7%10.2%55.0%6.8%1.5%57.2K-1.5M-24.2K0.2323.43431015,1843,561
2026-03-31$9.90$10.0026.1%7.5%50.2%19.5%54.0%4.7%29.5%66.3K-2.1M-26.5K0.6022.225315,1873,570