FIZZ Options History — May 2008

In May 2008, FIZZ traded between $3.53 and $4.07. ATM implied volatility averaged 48.2%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 6.3% (HV 20d: 41.9%). Max pain ranged from $3.75 to $3.75. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-05-19: Highest Volume — 28 contracts
  • 2008-05-12: Largest IV spike — 122.9% change
  • 2008-05-12: Highest IV Rank — 58.3%
  • 2008-05-14: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.80$3.53$4.07$4.07$3.75
Max Pain$3.75$3.75$3.75$3.75$3.75
ATM IV48.2%33.8%108.2%48.8%52.7%
Expected Move12.5%9.7%18.3%14.0%15.1%
HV 20d41.9%35.4%50.3%49.3%40.5%
HV 60d42.1%40.1%44.3%40.2%44.3%
IV Rank10.4%0.0%58.3%10.2%15.0%
IV Percentile22.1%0.0%99.6%12.9%36.5%
Term Structure3.5%-35.4%20.0%7.1%-17.2%
VWIV48.0%42.0%54.1%42.0%54.1%
Bid-Ask Spread %128.5772.47196.3691.16104.32
Gamma HHI0.530.370.720.650.56
Net GEX55958857703701
Net DEX-8.6K-34.0K21.6K-32.7K1.1K
Net VEX-308-379-245-363-259
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume202800
Total OI777.333752780776780

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-05-01$4.07$3.7548.8%14.0%49.3%10.2%0.0%0.0%7.1%703-32.7K-3630.0091.16N/AN/A00366410
2008-05-02$4.03$3.7542.2%12.1%49.5%4.9%42.0%0.0%-2.1%490-34.0K-3790.0072.47N/AN/A20366410
2008-05-05$3.90$3.7555.5%11.7%50.3%15.6%0.0%0.0%12.2%552-15.5K-3410.00183.99N/AN/A00368410
2008-05-06$3.91$3.7550.7%11.5%48.2%11.8%0.0%0.0%10.6%634-15.0K-3340.00116.65N/AN/A00368410
2008-05-07$3.85$3.7556.5%13.5%46.0%16.5%0.0%0.0%5.1%304-14.8K-3620.0097.60N/AN/A00368410
2008-05-08$4.01$3.7543.4%15.3%40.4%5.9%0.0%0.0%-7.4%517-22.3K-2790.00158.54N/AN/A00368410
2008-05-09$3.88$3.7548.5%12.8%39.2%10.0%0.0%0.0%9.1%303-23.1K-3550.00107.22N/AN/A00368410
2008-05-12$3.98$3.75108.2%16.7%38.4%58.3%0.0%0.0%-15.7%579-20.9K-3170.00131.91N/AN/A00368410
2008-05-13$4.02$3.7559.9%10.4%35.4%19.3%0.0%0.0%-0.8%837-26.0K-2900.00119.25N/AN/A00368410
2008-05-14$3.92$3.7561.3%18.3%36.7%20.4%0.0%0.0%-35.4%404-16.1K-2720.00152.25N/AN/A00368410
2008-05-15$3.83$3.7544.6%12.8%37.3%6.8%0.0%0.0%6.8%58-17.7K-3280.0098.67N/AN/A00368410
2008-05-16$3.65$3.7544.4%12.7%40.4%6.7%54.1%0.0%-0.3%165-8.3K-3100.00138.66N/AN/A120368410
2008-05-19$3.53$3.7537.6%10.8%41.7%1.2%0.0%0.0%18.8%774-4.9K-2910.00139.52N/AN/A028370382
2008-05-20$3.61$3.7537.1%10.6%41.5%0.8%0.0%0.0%17.5%5559.7K-3150.00129.16N/AN/A00370410
2008-05-21$3.60$3.7533.8%9.7%40.7%0.0%0.0%0.0%20.0%6408.3K-3130.00113.48N/AN/A00370410
2008-05-22$3.69$3.7536.7%10.5%41.5%2.3%0.0%0.0%15.1%8575.6K-2890.00128.27N/AN/A00370410
2008-05-23$3.58$3.7538.7%11.1%40.3%3.9%0.0%0.0%-0.4%50121.6K-2450.00196.36N/AN/A00370410
2008-05-27$3.67$3.7537.0%10.6%41.6%2.5%0.0%0.0%-1.7%69712.9K-2480.00195.29N/AN/A00370410
2008-05-28$3.66$3.7537.0%10.6%41.2%2.5%0.0%0.0%15.7%7076.4K-2920.00112.61N/AN/A00370410
2008-05-29$3.67$3.7537.5%10.7%39.5%2.9%0.0%0.0%15.5%7595.6K-2810.00112.52N/AN/A00370410
2008-05-30$3.75$3.7552.7%15.1%40.5%15.0%0.0%0.0%-17.2%7011.1K-2590.00104.32N/AN/A00370410