FIZZ Options History — May 2009

In May 2009, FIZZ traded between $5.24 and $5.61. ATM implied volatility averaged 71.3%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 42.0% (HV 20d: 29.3%). Max pain ranged from $5.00 to $6.25. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-05-12: Highest Volume — 40 contracts
  • 2009-05-19: Largest IV spike — 124.1% change
  • 2009-05-12: Highest IV Rank — 57.8%
  • 2009-05-19: Largest Expected Move — 30.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.45$5.24$5.61$5.24$5.38
Max Pain$5.06$5.00$6.25$6.25$5.00
ATM IV71.3%47.3%121.8%53.0%53.3%
Expected Move19.9%13.6%30.4%15.2%15.3%
HV 20d29.3%24.9%33.8%28.5%33.8%
HV 60d51.7%46.4%54.3%54.3%46.5%
IV Rank24.3%8.9%57.8%12.6%11.3%
IV Percentile42.8%10.7%83.7%22.6%19.4%
Term Structure-17.2%-110.6%49.4%-9.0%-21.2%
Bid-Ask Spread %130.17101.76187.41105.64149.34
Gamma HHI0.620.350.890.590.81
Net GEX509-391.2K3991.0K
Net DEX-66.8K-94.1K-34.4K-36.0K-90.7K
Net VEX-225-262-195-239-209
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume4.704000
Total OI393.8374428388394

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-05-01$5.24$6.2553.0%15.2%28.5%12.6%0.0%0.0%-9.0%399-36.0K-2390.00105.64N/AN/A00184204
2009-05-04$5.25$5.0061.2%22.5%28.0%18.0%0.0%0.0%49.4%134-34.4K-2500.00138.62N/AN/A00184204
2009-05-05$5.41$5.0054.3%14.9%29.4%13.4%0.0%0.0%5.3%168-43.7K-2180.00107.28N/AN/A00184204
2009-05-06$5.54$5.0056.3%16.6%29.4%14.8%0.0%0.0%2.0%183-50.2K-2290.00120.48N/AN/A40184204
2009-05-07$5.39$5.0052.3%23.0%24.9%12.1%0.0%0.0%-31.3%-39-48.6K-1980.00105.60N/AN/A00182204
2009-05-08$5.56$5.0059.7%21.4%26.9%17.0%0.0%0.0%-11.1%292-53.5K-2060.00138.49N/AN/A00182204
2009-05-11$5.54$5.00109.9%21.7%26.9%50.0%0.0%0.0%41.7%55-46.9K-2260.00160.20N/AN/A20182204
2009-05-12$5.55$5.00121.8%22.2%26.1%57.8%0.0%0.0%40.0%59-48.0K-2270.00159.77N/AN/A400184204
2009-05-13$5.35$5.0081.6%17.5%29.9%31.4%0.0%0.0%-3.1%276-63.2K-2300.00101.76N/AN/A00224204
2009-05-14$5.42$5.0055.9%16.0%29.7%14.5%0.0%0.0%6.4%281-64.3K-2230.00116.02N/AN/A00224204
2009-05-15$5.39$5.0056.9%16.3%29.2%15.2%0.0%0.0%4.2%766-64.9K-2190.00114.05N/AN/A60224204
2009-05-18$5.50$5.0047.3%13.6%29.2%8.9%0.0%0.0%8.9%994-84.6K-1950.00106.08N/AN/A40230144
2009-05-19$5.54$5.00106.1%30.4%28.2%47.5%0.0%0.0%-110.6%560-86.0K-2260.00122.99N/AN/A00234144
2009-05-20$5.47$5.0098.4%28.2%28.7%42.4%0.0%0.0%-105.5%777-82.1K-2280.00187.41N/AN/A180234144
2009-05-21$5.49$5.0054.2%15.5%28.6%13.4%0.0%0.0%-7.5%1.2K-93.6K-2180.00108.38N/AN/A00250144
2009-05-22$5.38$5.0058.7%16.8%29.6%14.9%0.0%0.0%5.1%644-77.9K-2540.00137.49N/AN/A00250144
2009-05-26$5.61$5.0091.7%26.3%32.8%37.0%0.0%0.0%-95.5%485-84.7K-2620.00149.26N/AN/A00250144
2009-05-27$5.48$5.00103.9%29.8%33.1%45.1%0.0%0.0%-105.8%960-89.7K-2250.00160.51N/AN/A200250144
2009-05-28$5.51$5.0049.7%14.3%32.4%8.9%0.0%0.0%-6.1%1.0K-94.1K-2140.00114.05N/AN/A00250144
2009-05-29$5.38$5.0053.3%15.3%33.8%11.3%0.0%0.0%-21.2%1.0K-90.7K-2090.00149.34N/AN/A00250144