FIZZ Options History — April 2009

In April 2009, FIZZ traded between $4.63 and $5.35. ATM implied volatility averaged 81.3%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 24.2%. IV traded above realized volatility by 32.3% (HV 20d: 49.0%). Max pain ranged from $3.75 to $6.25. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-04-16: Highest Volume — 96 contracts
  • 2009-04-09: Largest IV spike — 145.6% change
  • 2009-04-27: Highest IV Rank — 74.8%
  • 2009-04-27: Largest Expected Move — 42.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.10$4.63$5.35$4.63$5.26
Max Pain$6.01$3.75$6.25$3.75$6.25
ATM IV81.3%53.1%147.7%56.0%58.3%
Expected Move24.2%16.1%42.4%16.1%16.7%
HV 20d49.0%35.3%65.6%64.8%35.3%
HV 60d62.6%55.2%66.9%65.8%55.2%
IV Rank31.2%12.6%74.8%14.6%16.1%
IV Percentile58.7%27.4%90.5%34.1%31.3%
Term Structure2.4%-59.4%72.2%26.8%-10.3%
Bid-Ask Spread %147.61102.79186.43176.41137.01
Gamma HHI0.650.350.910.790.46
Net GEX2.2K-426.2K2.1K195
Net DEX-59.1K-117.7K-14.3K-14.3K-39.5K
Net VEX-266-374-206-257-250
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume9.048096200
Total OI557.905334720690388

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$4.63$3.7556.0%16.1%64.8%14.6%0.0%0.0%26.8%2.1K-14.3K-2570.00176.41N/AN/A200350340
2009-04-02$4.92$3.75115.2%33.0%65.6%53.5%0.0%0.0%72.2%991-66.3K-3590.00148.71N/AN/A60370340
2009-04-03$4.87$6.25112.3%36.4%63.4%51.6%0.0%0.0%-6.3%794-65.2K-3740.00179.66N/AN/A00376340
2009-04-06$4.88$6.2563.0%22.8%56.8%19.2%0.0%0.0%42.8%3.1K-59.1K-3240.00154.28N/AN/A00376340
2009-04-07$4.82$6.2562.9%20.2%57.5%19.1%0.0%0.0%-2.4%3.3K-58.4K-3080.00105.78N/AN/A00376340
2009-04-08$5.11$6.2553.1%22.2%59.0%12.6%0.0%0.0%-0.9%6.0K-74.9K-2690.00128.61N/AN/A00376340
2009-04-09$5.14$6.25130.3%37.4%54.1%63.4%0.0%0.0%-54.5%184-117.7K-2080.00174.60N/AN/A40376340
2009-04-13$5.13$6.2586.6%24.8%53.7%34.6%0.0%0.0%11.9%5.8K-93.5K-2760.00160.55N/AN/A00380340
2009-04-14$5.06$6.2567.2%19.3%53.4%21.9%0.0%0.0%-9.1%4.1K-80.0K-2650.00109.37N/AN/A60380340
2009-04-15$5.13$6.2568.9%19.7%50.7%23.0%0.0%0.0%-13.8%5.8K-91.0K-2510.00102.79N/AN/A00374340
2009-04-16$5.21$6.2567.4%19.3%46.3%22.1%0.0%0.0%-9.7%4.8K-92.2K-2060.00104.46N/AN/A960334340
2009-04-17$5.14$6.2585.6%24.5%46.8%34.0%0.0%0.0%22.8%6.2K-95.6K-2650.00160.58N/AN/A00372340
2009-04-20$5.08$6.2583.8%24.0%45.9%32.8%0.0%0.0%-5.8%283-32.9K-2480.00162.83N/AN/A00174160
2009-04-21$5.20$6.2559.9%17.2%44.7%17.1%0.0%0.0%10.0%288-37.5K-2380.00130.71N/AN/A00174160
2009-04-22$5.24$6.2577.7%22.3%41.5%28.8%0.0%0.0%55.1%324-39.2K-2330.00167.69N/AN/A00174160
2009-04-23$5.21$6.2591.5%26.2%41.5%37.9%0.0%0.0%-12.2%401-38.8K-2360.00156.96N/AN/A024174160
2009-04-24$5.26$6.2589.7%25.7%41.2%36.7%0.0%0.0%-6.6%275-36.2K-2540.00157.44N/AN/A00174184
2009-04-27$5.22$6.25147.7%42.4%36.4%74.8%0.0%0.0%-59.4%381-35.7K-2440.00186.43N/AN/A100174184
2009-04-28$5.35$6.2563.5%18.2%35.8%19.5%0.0%0.0%2.7%296-41.2K-2390.00139.64N/AN/A020184184
2009-04-29$5.26$6.2566.8%19.1%35.3%21.6%0.0%0.0%-3.5%-42-33.1K-2760.00155.31N/AN/A40184204
2009-04-30$5.26$6.2558.3%16.7%35.3%16.1%0.0%0.0%-10.3%195-39.5K-2500.00137.01N/AN/A00184204