FIZZ Options History — November 2007

In November 2007, FIZZ traded between $3.57 and $4.04. ATM implied volatility averaged 64.1%. The 30-day expected move averaged 17.4%. IV traded above realized volatility by 37.4% (HV 20d: 26.7%). Max pain ranged from $3.75 to $3.75. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.17.

Notable Days

  • 2007-11-07: Highest Volume — 618 contracts
  • 2007-11-15: Largest IV drop — 25.7% change
  • 2007-11-12: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.77$3.57$4.04$4.02$3.70
Max Pain$3.75$3.75$3.75$3.75$3.75
ATM IV64.1%55.0%74.7%56.7%59.6%
Expected Move17.4%15.8%19.6%16.2%17.1%
HV 20d26.7%21.3%31.6%31.0%24.1%
HV 60d39.5%37.7%41.2%40.9%38.4%
Term Structure-5.2%-15.2%9.2%8.8%-6.0%
VWIV58.9%49.9%64.1%55.7%59.6%
Skew 25d0.1%-9.8%14.3%7.5%-9.0%
Skew 10d1.3%-15.7%22.9%20.2%-14.2%
Call IV 25d52.3%37.9%60.3%50.0%59.7%
Put IV 25d52.4%47.7%61.8%57.5%50.7%
Bid-Ask Spread %44.3423.6476.0857.1134.41
Gamma HHI0.640.460.930.460.71
Net GEX3.8K-3.6K19.6K-3.6K2.4K
Net DEX88.8K-52.0K177.9K168.4K127.2K
Net VEX-1.3K-1.5K-1.1K-1.2K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.0010.000.010.00
Total Volume96.476061840210
Total OI2,586.3811,5723,0621,5722,714

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-11-01$4.02$3.7556.7%16.2%31.0%0.0%55.7%7.5%8.8%-3.6K168.4K-1.2K0.0157.11N/AN/A40024501,122
2007-11-02$4.04$3.7555.0%15.8%30.6%0.0%49.9%4.3%9.2%21957.8K-1.3K0.4158.02N/AN/A116488401,124
2007-11-05$4.03$3.7561.9%16.7%30.0%0.0%0.0%3.4%-5.0%43565.2K-1.3K0.0065.91N/AN/A009421,148
2007-11-06$3.98$3.7570.2%17.0%29.9%0.0%55.1%12.2%-5.9%83960.0K-1.3K0.0045.18N/AN/A20009421,150
2007-11-07$3.88$3.7573.5%17.2%30.1%0.0%58.6%2.9%-4.8%1.7K79.7K-1.3K0.0046.88N/AN/A61801,1401,150
2007-11-08$3.81$3.7564.7%17.2%30.0%0.0%0.0%4.0%-2.9%7.0K-52.0K-1.5K0.0068.26N/AN/A021,7581,150
2007-11-09$3.71$3.7570.4%17.2%29.2%0.0%0.0%14.3%-0.7%7.2K17.0K-1.5K0.3076.08N/AN/A2061,7581,148
2007-11-12$3.72$3.7574.7%19.6%29.5%0.0%0.0%10.9%-15.2%7.7K20.6K-1.4K0.0050.61N/AN/A2001,7581,154
2007-11-13$3.73$3.7571.7%18.4%29.8%0.0%64.1%-4.5%-8.4%9.2K16.1K-1.4K10.0058.52N/AN/A101001,7581,154
2007-11-14$3.71$3.7574.7%17.2%29.6%0.0%0.0%7.9%-7.5%7.4K68.5K-1.4K0.0032.35N/AN/A0201,7681,254
2007-11-15$3.79$3.7555.5%15.9%31.6%0.0%0.0%-4.1%-2.5%15.1K6.6K-1.4K0.0027.24N/AN/A0601,7681,254
2007-11-16$3.75$3.7559.5%17.1%23.4%0.0%0.0%12.3%-5.8%19.6K31.3K-1.4K0.0039.00N/AN/A8001,7681,294
2007-11-19$3.72$3.7565.5%18.8%23.1%0.0%62.9%-5.0%-13.6%406120.2K-1.3K0.0031.23N/AN/A0601,2621,288
2007-11-20$3.71$3.7565.0%18.6%22.7%0.0%0.0%-6.6%-11.3%-35136.2K-1.3K0.0031.63N/AN/A021,2621,340
2007-11-21$3.65$3.7560.6%17.4%22.9%0.0%0.0%-7.6%-7.4%130162.2K-1.2K0.0033.19N/AN/A001,2621,342
2007-11-23$3.67$3.7559.6%17.1%22.3%0.0%0.0%-9.8%-6.2%273175.7K-1.2K0.0047.42N/AN/A001,2621,342
2007-11-26$3.60$3.7562.6%18.0%21.3%0.0%62.8%-6.4%-5.8%362160.4K-1.2K0.0034.97N/AN/A1001,2621,342
2007-11-27$3.57$3.7561.7%17.7%21.3%0.0%0.0%-9.2%-7.7%430177.9K-1.1K3.3334.95N/AN/A6201,2721,342
2007-11-28$3.67$3.7561.1%17.5%24.4%0.0%61.2%-9.1%-5.3%874170.9K-1.1K0.0023.64N/AN/A21601,2781,274
2007-11-29$3.63$3.7561.3%17.6%24.3%0.0%0.0%-5.9%-4.9%2.3K95.5K-1.2K0.0034.50N/AN/A001,4441,274
2007-11-30$3.70$3.7559.6%17.1%24.1%0.0%59.6%-9.0%-6.0%2.4K127.2K-1.2K0.0034.41N/AN/A1001,4401,274