FIZZ Options History — January 2009

In January 2009, FIZZ traded between $4.25 and $4.79. ATM implied volatility averaged 74.3%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 20.8%. IV traded above realized volatility by 10.2% (HV 20d: 64.1%). Max pain ranged from $3.75 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-01-09: Highest Volume — 70 contracts
  • 2009-01-12: Largest IV spike — 42.4% change
  • 2009-01-12: Highest IV Rank — 42.7%
  • 2009-01-12: Largest Expected Move — 23.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.54$4.25$4.79$4.55$4.36
Max Pain$3.81$3.75$5.00$5.00$3.75
ATM IV74.3%57.9%98.9%74.3%60.5%
Expected Move20.8%17.3%23.0%21.3%17.3%
HV 20d64.1%46.9%85.3%85.3%67.4%
HV 60d104.1%92.1%113.1%113.1%92.1%
IV Rank26.6%15.8%42.7%26.6%17.5%
IV Percentile68.0%48.4%81.7%71.8%54.0%
Term Structure14.5%-11.4%49.8%11.8%13.1%
VWIV76.5%74.6%78.9%74.6%76.2%
Bid-Ask Spread %89.2366.46112.57112.57100.11
Gamma HHI0.510.400.720.550.41
Net GEX1.1K2593.0K1.4K259
Net DEX-48.1K-99.0K-15.2K-68.1K-30.6K
Net VEX-535-643-251-643-507
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume12.4070240
Total OI920.87141,130992748

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-01-02$4.55$5.0074.3%21.3%85.3%26.6%0.0%0.0%11.8%1.4K-68.1K-6430.00112.57N/AN/A240532460
2009-01-05$4.63$3.7579.1%19.5%83.5%29.7%0.0%0.0%49.8%1.9K-70.9K-6150.0066.46N/AN/A06554460
2009-01-06$4.79$3.7578.2%21.6%81.2%29.2%74.6%0.0%30.3%2.5K-99.0K-6380.0081.27N/AN/A240554466
2009-01-07$4.64$3.7569.3%22.0%79.7%23.3%76.5%0.0%37.0%2.5K-85.5K-6360.0079.31N/AN/A360578466
2009-01-08$4.58$3.7557.9%22.0%60.5%15.8%0.0%0.0%35.6%2.8K-75.5K-6140.0081.49N/AN/A00594466
2009-01-09$4.43$3.7569.4%20.8%61.5%23.4%78.9%0.0%38.5%1.9K-54.2K-5960.0067.67N/AN/A070594466
2009-01-12$4.36$3.7598.9%23.0%58.0%42.7%0.0%0.0%-0.8%1.0K-27.9K-5760.0081.59N/AN/A00594536
2009-01-13$4.47$3.7588.8%20.7%58.1%36.1%0.0%0.0%18.7%334-32.9K-5630.0085.83N/AN/A00594536
2009-01-14$4.60$3.7588.8%20.8%58.6%36.1%0.0%0.0%-11.4%3.0K-58.4K-5780.00109.73N/AN/A00594536
2009-01-15$4.63$3.7575.6%21.7%48.7%27.5%0.0%0.0%40.0%357-44.7K-5750.0086.51N/AN/A06594536
2009-01-16$4.58$3.7573.3%21.0%46.9%25.9%0.0%0.0%18.2%393-42.5K-5610.0088.74N/AN/A00594530
2009-01-20$4.25$3.7578.3%22.5%53.4%29.2%0.0%0.0%-1.9%264-28.7K-5210.0082.12N/AN/A160360370
2009-01-21$4.66$3.7576.2%21.9%56.7%27.8%76.2%0.0%-3.5%259-44.4K-5000.0091.90N/AN/A80344370
2009-01-22$4.41$3.7573.8%21.2%58.2%26.3%0.0%0.0%-0.9%325-35.2K-4740.0091.89N/AN/A00352370
2009-01-23$4.38$3.7573.4%21.0%58.0%26.0%0.0%0.0%-1.1%444-34.0K-4610.0094.86N/AN/A00352370
2009-01-26$4.74$3.7569.7%20.0%64.4%23.6%0.0%0.0%3.1%622-52.1K-5020.0097.77N/AN/A360352370
2009-01-27$4.56$3.7563.8%18.3%66.1%19.7%0.0%0.0%6.7%734-29.2K-4180.0094.76N/AN/A020358370
2009-01-28$4.69$3.7570.3%20.2%66.4%24.0%0.0%0.0%1.8%389-15.2K-2510.0098.04N/AN/A00358390
2009-01-29$4.49$3.7565.7%18.8%68.7%20.9%0.0%0.0%5.1%726-32.4K-4650.0091.88N/AN/A20358390
2009-01-30$4.36$3.7560.5%17.3%67.4%17.5%0.0%0.0%13.1%259-30.6K-5070.00100.11N/AN/A00358390