FIZZ Options History — March 2009

In March 2009, FIZZ traded between $3.61 and $4.70. ATM implied volatility averaged 86.7%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded above realized volatility by 19.5% (HV 20d: 67.2%). Max pain ranged from $3.75 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-03-26: Highest Volume — 60 contracts
  • 2009-03-13: Largest IV spike — 149.2% change
  • 2009-03-13: Highest IV Rank — 91.4%
  • 2009-03-13: Largest Expected Move — 49.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.17$3.61$4.70$3.78$4.58
Max Pain$3.98$3.75$5.00$5.00$3.75
ATM IV86.7%60.2%173.0%163.0%97.4%
Expected Move24.5%17.3%49.6%46.7%27.9%
HV 20d67.2%55.0%74.8%62.2%65.4%
HV 60d66.9%64.2%72.3%72.3%65.9%
IV Rank34.7%17.3%91.4%84.8%41.7%
IV Percentile64.7%40.9%98.0%97.2%79.8%
Term Structure8.3%-60.7%70.6%26.5%4.0%
VWIV88.5%64.6%112.4%64.6%112.4%
Bid-Ask Spread %127.9782.39170.34126.58169.19
Gamma HHI0.520.400.810.460.57
Net GEX889632.3K4271.2K
Net DEX-25.0K-56.3K6.9K-36.7K-35.4K
Net VEX-310-398-271-398-329
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.90906000
Total OI665.909618690688690

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$3.78$5.00163.0%46.7%62.2%84.8%0.0%0.0%26.5%427-36.7K-3980.00126.58N/AN/A00388300
2009-03-03$3.61$5.0068.6%19.7%55.0%22.8%0.0%0.0%70.6%2331.5K-3360.00113.46N/AN/A00388300
2009-03-04$3.75$5.0079.6%22.8%57.3%30.0%0.0%0.0%-5.6%392-10.3K-3180.00133.66N/AN/A00388280
2009-03-05$3.64$5.00141.8%40.7%56.0%70.9%0.0%0.0%-34.4%452-17.0K-3510.00160.10N/AN/A00388280
2009-03-06$3.88$3.7577.0%19.2%61.4%28.4%0.0%0.0%4.4%3981.2K-2770.00131.85N/AN/A00388280
2009-03-09$3.64$3.7576.8%21.6%63.6%28.2%0.0%0.0%44.4%227-12.6K-2870.00118.93N/AN/A00388280
2009-03-10$3.71$3.7578.9%20.7%64.6%29.6%0.0%0.0%-4.7%636.9K-2730.00113.76N/AN/A00388280
2009-03-11$3.67$3.7582.9%22.1%62.8%32.3%0.0%0.0%-0.9%675.5K-2790.00107.79N/AN/A00388280
2009-03-12$3.98$3.7569.4%19.9%67.1%23.4%0.0%0.0%61.5%362-17.7K-3210.00120.94N/AN/A00388280
2009-03-13$3.94$3.75173.0%49.6%67.1%91.4%0.0%0.0%-55.1%568-34.4K-3590.00160.00N/AN/A00388280
2009-03-16$4.10$3.7570.8%20.3%69.3%24.3%0.0%0.0%56.1%525-16.2K-2940.00105.25N/AN/A00388280
2009-03-17$4.33$3.7566.8%19.1%71.1%21.7%0.0%0.0%-0.6%831-17.6K-2710.0096.98N/AN/A00388280
2009-03-18$4.63$3.7563.4%18.2%74.1%19.4%64.6%0.0%16.8%2.1K-40.7K-2750.0082.39N/AN/A60388280
2009-03-19$4.63$3.7561.6%17.7%74.1%18.2%0.0%0.0%-12.5%1.5K-43.6K-2910.0098.52N/AN/A00394280
2009-03-20$4.51$3.7569.9%20.0%74.8%23.7%0.0%0.0%-8.0%1.3K-41.4K-3210.00117.90N/AN/A00394280
2009-03-23$4.70$3.75150.3%43.1%73.4%76.5%112.4%0.0%-60.7%662-56.3K-3380.00170.34N/AN/A120338280
2009-03-24$4.52$3.7564.5%18.5%73.8%20.2%0.0%0.0%12.9%1.7K-46.2K-3060.00118.39N/AN/A80350280
2009-03-25$4.60$3.7566.6%19.1%72.0%21.6%0.0%0.0%25.2%1.5K-39.7K-2770.00121.48N/AN/A00350280
2009-03-26$4.70$3.7562.0%17.8%72.1%18.5%0.0%0.0%8.6%2.3K-50.7K-2820.00156.72N/AN/A060350280
2009-03-27$4.47$3.7560.2%17.3%74.0%17.3%0.0%0.0%1.3%1.8K-30.7K-3190.00147.14N/AN/A00350340
2009-03-30$4.41$3.7562.8%18.0%67.7%19.0%0.0%0.0%32.4%911-17.2K-3080.00143.90N/AN/A00350340
2009-03-31$4.58$3.7597.4%27.9%65.4%41.7%0.0%0.0%4.0%1.2K-35.4K-3290.00169.19N/AN/A00350340