FIZZ Options History — February 2012

In February 2012, FIZZ traded between $8.01 and $8.48. ATM implied volatility averaged 121.8%, placing in the 58.0% IV rank vs the trailing year. The 30-day expected move averaged 36.4%. IV traded above realized volatility by 101.1% (HV 20d: 20.6%). Max pain ranged from $8.75 to $8.75. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 2 of 20 days.

Notable Days

  • 2012-02-07: Highest Volume — 58 contracts
  • 2012-02-09: Largest IV spike — 283.3% change
  • 2012-02-28: Highest IV Rank — 87.0%
  • 2012-02-28: Largest Expected Move — 48.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.31$8.01$8.48$8.45$8.01
Max Pain$8.75$8.75$8.75$8.75$8.75
ATM IV121.8%30.8%170.5%90.9%97.5%
Expected Move36.4%26.1%48.9%26.1%28.0%
HV 20d20.6%16.4%25.2%25.2%16.8%
HV 60d24.3%22.8%25.6%25.5%23.0%
IV Rank58.0%3.8%87.0%39.6%43.6%
IV Percentile93.3%3.6%99.2%97.6%91.7%
Term Structure-74.6%-172.1%92.3%92.3%-73.4%
Skew 25d-64.7%-163.6%12.1%10.3%12.1%
Skew 10d19.3%9.2%34.5%14.7%14.3%
Call IV 25d152.7%125.1%187.6%145.8%133.4%
Put IV 25d88.0%19.6%167.4%156.1%145.5%
Bid-Ask Spread %147.48145.78151.45150.74146.40
Gamma HHI0.410.400.460.410.41
Net GEX-152-1.1K311-503-53
Net DEX-20.8K-36.4K-4.5K-32.5K-11.1K
Net VEX-714-772-654-719-678
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume5.405800
Total OI487.1452532466452

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-02-01$8.45$8.7590.9%26.1%25.2%39.6%0.0%10.3%92.3%-503-32.5K-7190.00150.74N/AN/A00212254
2012-02-02$8.48$8.7593.7%26.9%24.2%41.3%0.0%11.3%6.1%104-36.4K-6540.00151.45N/AN/A00212254
2012-02-03$8.47$0.0096.8%31.0%24.1%43.1%0.0%10.5%-91.6%-343-32.8K-6960.00147.08N/AN/A00212254
2012-02-06$8.36$0.00106.0%32.4%24.5%48.6%0.0%10.8%-100.3%-442-26.3K-6830.00147.48N/AN/A00212254
2012-02-07$8.38$0.00110.7%32.8%20.7%51.4%0.0%-71.0%-54.5%257-22.6K-6690.00147.74N/AN/A058212254
2012-02-08$8.32$0.0030.8%33.3%20.8%3.8%0.0%-68.5%-56.3%-921-12.6K-7070.00147.05N/AN/A020212312
2012-02-09$8.29$0.00117.9%33.8%20.8%55.7%0.0%-67.6%-57.9%-334-9.1K-7230.00147.59N/AN/A00212320
2012-02-10$8.23$0.00119.9%34.4%20.9%56.9%0.0%-136.3%-59.8%-1.1K-4.5K-7720.00147.75N/AN/A00212320
2012-02-13$8.40$0.00124.1%35.6%20.4%59.4%0.0%-140.0%-62.1%-448-16.6K-7480.00146.34N/AN/A00212320
2012-02-14$8.34$0.00126.4%36.2%20.0%60.8%0.0%-143.2%-55.7%-333-15.2K-7630.00147.61N/AN/A00212320
2012-02-15$8.26$0.00129.0%37.0%20.0%62.3%0.0%-146.7%-67.1%-111-9.9K-7410.00146.89N/AN/A00212320
2012-02-16$8.40$0.00130.1%37.3%20.7%63.0%0.0%-147.1%-116.8%275-16.7K-7350.00145.78N/AN/A00212320
2012-02-17$8.37$0.00132.6%38.0%20.5%64.4%0.0%-150.2%-123.2%311-15.2K-7300.00148.05N/AN/A00212320
2012-02-21$8.27$0.00143.6%41.2%21.1%71.0%0.0%-163.6%-79.5%135-27.1K-7210.00147.04N/AN/A030212240
2012-02-22$8.21$0.00147.0%42.1%19.8%73.0%0.0%10.0%-82.9%72-26.3K-7230.00147.26N/AN/A00212240
2012-02-23$8.35$0.00149.1%42.7%20.4%74.2%0.0%-157.9%-83.5%126-31.6K-7200.00146.13N/AN/A00212240
2012-02-24$8.25$0.00153.2%43.9%19.2%76.7%0.0%11.0%-88.1%79-27.9K-7170.00147.22N/AN/A00212240
2012-02-27$8.23$0.00165.0%47.3%16.5%83.7%0.0%10.9%-165.2%149-23.7K-6960.00147.70N/AN/A00212240
2012-02-28$8.13$0.00170.5%48.9%16.4%87.0%0.0%11.1%-172.1%57-17.9K-6880.00146.31N/AN/A00212240
2012-02-29$8.01$0.0097.5%28.0%16.8%43.6%0.0%12.1%-73.4%-53-11.1K-6780.00146.40N/AN/A00212240