FIZZ Options History — September 2009

In September 2009, FIZZ traded between $4.82 and $5.92. ATM implied volatility averaged 43.6%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 1.5% (HV 20d: 42.1%). 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 19 of 21 days. Put/call ratio averaged 0.33.

Notable Days

  • 2009-09-25: Highest Volume — 20 contracts
  • 2009-09-08: Largest IV spike — 98.9% change
  • 2009-09-01: Highest IV Rank — 89.1%
  • 2009-09-01: Largest Expected Move — 48.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.45$4.82$5.92$4.89$5.75
Max Pain$3.75$3.75$3.75$3.75$3.75
ATM IV43.6%27.3%169.1%169.1%31.9%
Expected Move12.2%7.8%48.5%48.5%9.2%
HV 20d42.1%35.8%48.4%37.2%38.3%
HV 60d38.6%36.0%41.5%37.9%36.0%
IV Rank9.5%0.0%89.1%89.1%2.9%
IV Percentile13.0%0.0%97.2%97.2%4.0%
Term Structure4.5%-52.0%14.9%-52.0%10.1%
Bid-Ask Spread %144.8474.58196.23196.23146.31
Gamma HHI0.800.670.850.670.83
Net GEX1.7K8172.8K8172.3K
Net DEX-55.4K-82.3K-27.0K-47.5K-72.5K
Net VEX-216-247-181-244-239
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.001.001.000.00
Total Volume1.61902000
Total OI265.429254288254288

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-09-01$4.89$0.00169.1%48.5%37.2%89.1%0.0%0.0%-52.0%817-47.5K-2440.00196.23N/AN/A0023222
2009-09-02$4.82$0.0043.6%12.5%36.9%8.6%0.0%0.0%0.3%911-27.0K-1810.00182.66N/AN/A0023222
2009-09-03$4.93$0.0043.7%12.5%38.1%8.6%0.0%0.0%2.9%1.0K-30.7K-1830.00184.53N/AN/A0423222
2009-09-04$4.95$3.7537.2%12.6%35.9%4.5%0.0%0.0%1.4%1.0K-31.0K-1970.0074.58N/AN/A0023226
2009-09-08$5.02$3.7574.0%12.9%35.8%28.1%0.0%0.0%-0.1%1.0K-32.9K-1910.00161.76N/AN/A0023226
2009-09-09$5.08$3.7542.9%12.3%36.0%8.1%0.0%0.0%0.1%1.0K-32.9K-1840.00114.07N/AN/A0023226
2009-09-10$5.13$3.7543.2%12.4%36.1%8.3%0.0%0.0%2.9%1.1K-36.7K-2010.00130.48N/AN/A0023226
2009-09-11$4.96$3.7544.0%12.6%37.4%8.8%0.0%0.0%1.6%1.0K-31.5K-1821.00145.58N/AN/A4423226
2009-09-14$5.37$3.7543.1%12.3%45.8%8.2%0.0%0.0%3.8%1.4K-49.1K-2240.00149.31N/AN/A0023630
2009-09-15$5.61$3.7531.1%8.9%48.3%0.5%0.0%0.0%13.6%1.7K-59.9K-2230.00128.40N/AN/A0023630
2009-09-16$5.66$3.7527.3%7.8%48.4%0.0%0.0%0.0%14.6%1.8K-62.2K-2230.00131.59N/AN/A0023630
2009-09-17$5.63$3.7528.4%8.2%48.0%0.7%0.0%0.0%14.1%1.8K-61.3K-2210.00131.28N/AN/A0023630
2009-09-18$5.62$3.7532.3%9.3%45.9%3.1%0.0%0.0%11.0%1.8K-60.9K-2200.00133.25N/AN/A0023630
2009-09-21$5.75$3.7528.0%8.0%46.3%0.4%0.0%0.0%14.9%2.0K-66.6K-2250.00138.07N/AN/A0023630
2009-09-22$5.87$3.7534.4%9.9%46.4%4.4%0.0%0.0%12.6%2.2K-74.4K-2330.00152.01N/AN/A0023630
2009-09-23$5.89$3.7528.9%8.3%46.2%1.0%0.0%0.0%10.3%2.4K-74.4K-2270.00152.25N/AN/A0023630
2009-09-24$5.88$3.7531.6%9.1%46.3%2.7%0.0%0.0%9.5%2.3K-73.3K-2260.00155.98N/AN/A0023630
2009-09-25$5.92$3.7531.6%9.1%46.3%2.7%0.0%0.0%10.8%2.5K-75.7K-2260.00154.26N/AN/A20023630
2009-09-28$5.92$3.7535.3%10.1%44.8%5.0%0.0%0.0%5.7%2.7K-81.5K-2470.00151.71N/AN/A2025630
2009-09-29$5.92$3.7533.8%9.7%39.3%4.1%0.0%0.0%6.9%2.8K-82.3K-2450.00127.32N/AN/A0025830
2009-09-30$5.75$3.7531.9%9.2%38.3%2.9%0.0%0.0%10.1%2.3K-72.5K-2390.00146.31N/AN/A0025830