FIZZ Options History — July 2007

In July 2007, FIZZ traded between $4.88 and $6.22. ATM implied volatility averaged 59.8%. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 16.3% (HV 20d: 43.5%). Max pain ranged from $5.00 to $6.25. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2007-07-06: Highest Volume — 348 contracts
  • 2007-07-12: Largest IV drop — 42.8% change
  • 2007-07-03: Largest Expected Move — 21.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.50$4.88$6.22$5.84$5.00
Max Pain$5.71$5.00$6.25$6.25$5.00
ATM IV59.8%45.3%92.1%53.9%54.9%
Expected Move15.6%13.0%21.5%15.5%15.7%
HV 20d43.5%32.4%52.9%33.7%50.8%
Term Structure0.1%-20.2%8.4%-20.2%-2.7%
VWIV53.0%30.1%76.1%65.3%65.6%
Skew 25d5.2%2.7%6.1%5.4%5.8%
Skew 10d22.2%18.9%25.7%25.7%21.3%
Call IV 25d51.0%49.5%52.5%51.8%49.5%
Put IV 25d56.2%55.2%57.2%57.2%55.3%
Bid-Ask Spread %38.5215.2271.7642.9931.37
Gamma HHI0.590.420.800.790.42
Net GEX2.9K-4.2K7.9K3.8K5.4K
Net DEX91.7K-195.0K255.5K212.2K-195.0K
Net VEX-871-1.3K-432-543-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.001.470.250.74
Total Volume105.0480348500
Total OI1,858.5711,2302,3701,5202,370

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-07-02$5.84$6.2553.9%15.5%0.0%0.0%65.3%0.0%-20.2%3.8K212.2K-5430.2542.99N/AN/A4010660860
2007-07-03$5.75$6.2574.8%21.5%33.7%0.0%0.0%0.0%-12.9%2.7K221.6K-4780.0035.42N/AN/A00700860
2007-07-05$5.63$6.2561.6%17.7%33.1%0.0%30.1%0.0%3.3%1.7K224.7K-4321.0026.00N/AN/A2020700860
2007-07-06$5.65$6.2584.0%16.2%32.4%0.0%52.8%0.0%-2.2%1.6K232.5K-4360.5835.69N/AN/A220128700880
2007-07-09$5.82$6.2582.4%16.0%34.2%0.0%0.0%0.0%8.4%4.9K225.6K-6810.0034.94N/AN/A620890996
2007-07-10$5.72$6.2592.1%17.4%33.5%0.0%0.0%0.0%5.5%4.1K232.7K-6390.0045.50N/AN/A010950996
2007-07-11$6.01$6.2587.0%16.9%37.8%0.0%43.0%0.0%5.5%44968.6K-1.1K0.0037.72N/AN/A2209501,006
2007-07-12$6.22$6.2549.7%14.3%40.0%0.0%50.4%0.0%-4.6%6.9K16.9K-1.1K1.4771.76N/AN/A30449701,006
2007-07-13$6.17$6.2545.3%13.0%39.2%0.0%46.5%0.0%-3.4%7.9K6.4K-1.1K0.1543.25N/AN/A80121,0001,006
2007-07-16$5.93$6.2553.6%15.4%40.9%0.0%58.1%0.0%-1.4%4.3K38.9K-1.1K0.6547.52N/AN/A40261,0801,018
2007-07-17$6.00$6.2561.0%17.5%40.6%0.0%76.1%0.0%1.0%2.5K30.7K-1.1K0.0031.96N/AN/A041,0781,044
2007-07-18$5.42$6.2546.1%13.2%52.9%0.0%44.4%0.0%8.2%16245.9K-8391.2253.62N/AN/A36441,0781,046
2007-07-19$5.29$5.0050.1%14.4%52.5%0.0%0.0%0.0%5.7%-1.9K246.7K-8441.0048.24N/AN/A441,1141,050
2007-07-20$5.20$5.0050.8%14.6%49.9%0.0%54.0%0.0%3.1%-4.2K255.5K-7930.0934.89N/AN/A138121,1381,054
2007-07-23$5.05$5.0050.1%14.4%50.2%0.0%0.0%0.0%2.5%1.4K53.2K-6731.1446.50N/AN/A5866802428
2007-07-24$4.99$5.0052.5%15.1%49.4%0.0%53.7%0.0%1.0%1.0K57.6K-7660.0429.11N/AN/A27212860482
2007-07-25$4.99$5.0050.9%14.6%49.2%0.0%50.6%5.4%4.0%3.4K-20.7K-9330.3215.22N/AN/A154501,120464
2007-07-26$4.92$5.0051.3%14.7%49.2%0.0%51.3%2.7%3.4%4.1K-30.0K-1.0K0.2335.76N/AN/A172401,274494
2007-07-27$4.88$5.0052.2%15.0%49.2%0.0%52.2%6.1%-2.2%4.6K-62.4K-1.2K0.3930.50N/AN/A88341,432534
2007-07-30$5.05$5.0051.4%14.7%51.4%0.0%65.6%5.8%0.7%5.8K-135.4K-1.2K0.7430.99N/AN/A1461081,520560
2007-07-31$5.00$5.0054.9%15.7%50.8%0.0%0.0%5.8%-2.7%5.4K-195.0K-1.3K0.0031.37N/AN/A001,718652