FIZZ Options History — January 2011

In January 2011, FIZZ traded between $6.37 and $6.89. ATM implied volatility averaged 39.9%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 8.0% (HV 20d: 31.9%). Max pain ranged from $6.25 to $6.35. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-01-19: Highest Volume — 152 contracts
  • 2011-01-10: Largest IV spike — 41.1% change
  • 2011-01-12: Highest IV Rank — 21.9%
  • 2011-01-13: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.70$6.37$6.89$6.78$6.72
Max Pain$6.31$6.25$6.35$6.35$6.25
ATM IV39.9%24.0%56.8%29.0%36.8%
Expected Move10.8%6.9%15.8%8.3%10.5%
HV 20d31.9%20.8%52.2%52.2%28.0%
HV 60d35.8%34.4%37.6%37.6%36.2%
IV Rank11.6%2.0%21.9%5.0%9.7%
IV Percentile60.0%1.2%90.9%18.3%50.4%
Term Structure2.3%-18.7%16.1%9.0%-6.1%
VWIV35.1%28.5%41.8%28.5%41.8%
Skew 25d10.4%0.5%18.9%5.9%14.2%
Skew 10d13.0%-6.8%35.3%19.8%22.4%
Call IV 25d31.3%23.8%50.3%36.0%27.9%
Put IV 25d41.7%35.3%52.5%41.9%42.1%
Bid-Ask Spread %128.4143.99147.6943.99146.54
Gamma HHI0.760.550.950.550.76
Net GEX1.8K5487.7K5482.0K
Net DEX-170.2K-292.6K-38.0K-171.7K-69.9K
Net VEX-397-520-308-497-377
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume19.3015208
Total OI1,194.72601,6521,560308

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-01-03$6.78$6.3529.0%8.3%52.2%5.0%0.0%5.9%9.0%548-171.7K-4970.0043.99N/AN/A004601,100
2011-01-04$6.70$6.3524.0%6.9%47.9%2.0%0.0%11.0%6.0%810-194.0K-4470.00130.17N/AN/A004601,100
2011-01-05$6.80$6.3527.5%7.9%47.9%4.1%28.5%13.7%6.5%711-212.6K-3930.00129.25N/AN/A204601,100
2011-01-06$6.83$6.3536.5%10.5%48.0%9.6%0.0%15.9%-8.1%672-197.9K-4350.00131.10N/AN/A004621,100
2011-01-07$6.82$0.0036.6%11.2%47.5%9.6%0.0%15.7%2.4%687-199.6K-4280.00127.62N/AN/A004621,100
2011-01-10$6.83$0.0051.6%11.0%47.5%18.7%0.0%14.0%3.8%917-223.8K-3420.00129.32N/AN/A10004621,100
2011-01-11$6.82$0.0042.7%11.1%47.6%13.3%0.0%14.9%2.3%1.4K-234.7K-4590.00130.19N/AN/A2805241,100
2011-01-12$6.89$0.0056.8%8.4%23.4%21.9%0.0%15.2%16.1%1.6K-242.1K-5200.00130.88N/AN/A005521,100
2011-01-13$6.86$0.0055.0%15.8%22.3%20.8%0.0%2.2%-18.7%1.5K-292.6K-3920.00136.10N/AN/A2405521,100
2011-01-14$6.83$0.0040.2%11.5%21.8%11.8%0.0%0.7%0.9%1.5K-255.8K-4550.00131.79N/AN/A005421,100
2011-01-18$6.86$0.0040.9%11.7%20.8%12.2%0.0%0.5%1.0%1.4K-269.3K-3990.00129.13N/AN/A005401,100
2011-01-19$6.70$0.0039.6%11.4%22.5%11.5%0.0%1.0%4.1%1.5K-221.8K-4270.00127.28N/AN/A01525401,100
2011-01-20$6.63$0.0041.1%11.8%22.7%12.4%0.0%7.8%3.6%5.7K-225.6K-3980.00126.99N/AN/A00540990
2011-01-21$6.50$0.0045.0%12.9%23.5%14.7%0.0%15.0%-2.5%7.7K-181.4K-3870.00118.68N/AN/A240540990
2011-01-24$6.47$0.0039.7%11.4%23.5%11.5%0.0%18.9%4.4%1.3K-43.2K-3230.00125.11N/AN/A0019268
2011-01-25$6.48$0.0037.6%10.8%23.0%10.2%0.0%9.1%8.2%1.4K-42.2K-3170.00140.14N/AN/A0019268
2011-01-26$6.52$0.0040.1%11.5%23.1%11.7%41.8%13.4%4.6%1.4K-45.8K-3190.00147.69N/AN/A0219268
2011-01-27$6.48$6.2539.0%11.2%22.6%11.1%0.0%11.9%4.4%1.3K-43.0K-3140.00140.92N/AN/A6019270
2011-01-28$6.37$6.2538.6%11.1%23.2%10.8%0.0%8.2%3.2%1.4K-38.0K-3080.00145.34N/AN/A40019870
2011-01-31$6.72$6.2536.8%10.5%28.0%9.7%0.0%14.2%-6.1%2.0K-69.9K-3770.00146.54N/AN/A8023870