FIZZ Options History — April 2011

In April 2011, FIZZ traded between $6.67 and $7.21. ATM implied volatility averaged 41.5%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 18.4% (HV 20d: 23.1%). Max pain ranged from $6.35 to $8.75. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-04-21: Highest Volume — 40 contracts
  • 2011-04-12: Largest IV spike — 67.6% change
  • 2011-04-13: Highest IV Rank — 25.8%
  • 2011-04-04: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.95$6.67$7.21$6.89$6.96
Max Pain$8.63$6.35$8.75$6.35$8.75
ATM IV41.5%30.9%63.2%30.9%38.4%
Expected Move10.8%8.9%12.5%8.9%11.0%
HV 20d23.1%19.5%26.4%22.2%23.0%
HV 60d24.5%22.8%25.3%23.6%22.8%
IV Rank12.6%6.1%25.8%6.1%10.7%
IV Percentile56.8%20.6%92.1%20.6%50.8%
Term Structure2.7%-10.8%9.8%8.4%6.3%
VWIV28.3%28.3%28.3%28.3%28.3%
Skew 25d7.6%-0.1%15.6%9.3%6.2%
Skew 10d11.5%6.0%19.0%16.4%11.9%
Call IV 25d30.6%26.8%35.6%33.8%33.3%
Put IV 25d38.2%31.9%43.8%43.1%39.5%
Bid-Ask Spread %135.56116.81146.11146.11140.94
Gamma HHI0.530.310.860.710.31
Net GEX2.2K1.3K2.8K2.6K2.0K
Net DEX-86.2K-101.9K-63.2K-98.4K-82.1K
Net VEX-311-344-271-344-337
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6.1040200
Total OI336258390390328

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-04-01$6.89$6.3530.9%8.9%22.2%6.1%28.3%9.3%8.4%2.6K-98.4K-3440.00146.11N/AN/A20030288
2011-04-04$6.87$8.7548.6%12.5%22.3%16.9%0.0%15.4%-1.1%2.5K-93.4K-3370.00132.24N/AN/A0029688
2011-04-05$6.67$8.7550.8%11.8%25.2%18.2%0.0%14.9%2.7%2.7K-78.9K-3320.00126.13N/AN/A0029688
2011-04-06$6.83$8.7532.7%12.4%26.4%7.2%0.0%15.0%3.4%2.8K-93.1K-3180.00130.70N/AN/A0029688
2011-04-07$6.88$8.7545.6%10.4%25.4%15.1%0.0%2.6%6.4%2.6K-95.0K-3190.00137.38N/AN/A8029688
2011-04-08$6.96$8.7543.2%10.0%25.1%13.6%0.0%3.4%6.6%2.3K-94.2K-3050.00136.34N/AN/A4028888
2011-04-11$7.10$8.7536.3%10.1%25.2%9.4%0.0%4.5%8.6%1.7K-101.9K-3160.00136.40N/AN/A16028488
2011-04-12$7.14$8.7560.9%10.5%25.1%24.4%0.0%1.0%3.2%1.3K-93.9K-3020.00134.85N/AN/A0026888
2011-04-13$7.16$8.7563.2%10.3%24.9%25.8%0.0%-0.1%3.3%1.3K-93.6K-2990.00134.53N/AN/A0026888
2011-04-14$7.20$8.7536.1%10.4%24.2%9.3%0.0%3.4%3.2%2.3K-90.1K-2950.00134.90N/AN/A0026888
2011-04-15$7.21$8.7534.4%9.9%19.5%8.3%0.0%0.8%4.8%2.2K-92.7K-2910.00131.20N/AN/A0026888
2011-04-18$7.05$8.7535.0%10.0%20.1%8.7%0.0%3.4%9.2%2.3K-86.1K-2880.00137.80N/AN/A0023028
2011-04-19$6.91$8.7536.3%10.4%21.2%9.4%0.0%2.9%9.8%2.3K-78.3K-2820.00116.81N/AN/A0423028
2011-04-20$6.84$8.7539.7%11.4%21.5%11.5%0.0%6.2%-8.5%2.3K-75.4K-2790.00139.80N/AN/A0023028
2011-04-21$6.80$8.7540.0%11.5%21.5%11.7%0.0%14.8%-8.5%2.4K-73.1K-2710.00140.81N/AN/A04023028
2011-04-25$6.75$8.7540.9%11.7%21.6%12.2%0.0%14.2%-9.9%1.8K-63.2K-2990.00141.30N/AN/A20023068
2011-04-26$6.79$8.7541.9%12.0%21.8%12.8%0.0%15.6%-10.8%2.0K-73.4K-3380.00138.21N/AN/A0025068
2011-04-27$6.93$8.7537.4%10.7%22.8%10.1%0.0%9.3%7.5%2.1K-81.4K-3310.00137.50N/AN/A01025068
2011-04-28$7.03$8.7537.2%10.7%22.7%10.0%0.0%9.2%8.7%2.0K-85.4K-3330.00137.19N/AN/A0025078
2011-04-29$6.96$8.7538.4%11.0%23.0%10.7%0.0%6.2%6.3%2.0K-82.1K-3370.00140.94N/AN/A0025078