FIZZ Options History — May 2015

In May 2015, FIZZ traded between $10.22 and $11.21. ATM implied volatility averaged 85.7%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded above realized volatility by 52.9% (HV 20d: 32.9%). Max pain ranged from $10.00 to $11.25. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.95.

Notable Days

  • 2015-05-21: Highest Volume — 340 contracts
  • 2015-05-07: Largest IV spike — 255.5% change
  • 2015-05-07: Highest IV Rank — 100.0%
  • 2015-05-29: Largest Expected Move — 37.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.64$10.22$11.21$11.21$10.37
Max Pain$10.69$10.00$11.25$11.25$10.00
ATM IV85.7%34.5%195.6%34.5%132.3%
Expected Move20.4%8.4%37.9%9.9%37.9%
HV 20d32.9%26.5%35.4%33.4%26.5%
HV 60d33.7%32.7%34.5%33.0%34.5%
IV Rank35.3%4.9%100.0%5.1%62.4%
IV Percentile70.6%13.1%100.0%13.1%99.2%
Term Structure-10.1%-52.7%39.1%-2.2%-52.5%
VWIV62.4%31.0%120.3%35.8%120.3%
Skew 25d29.3%-44.8%94.6%0.9%54.7%
Skew 10d2.3%-101.6%109.7%-0.1%7.9%
Call IV 25d76.0%26.0%164.5%34.0%122.5%
Put IV 25d105.2%33.5%177.2%34.9%177.2%
Bid-Ask Spread %134.2791.77146.96114.53145.73
Gamma HHI0.440.330.700.390.40
Net GEX2.6K-4096.2K1.5K5.5K
Net DEX-62.1K-240.5K41.6K-10.3K-240.5K
Net VEX-675-1.3K-329-497-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.001.721.540.83
Total Volume136.90340132172
Total OI394.2296660296644

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-05-01$11.21$11.2534.5%9.9%33.4%5.1%35.8%0.9%-2.2%1.5K-10.3K-4971.54114.53N/AN/A528019898
2015-05-04$11.21$11.2592.3%8.4%33.3%44.7%0.0%4.8%2.6%3.1K-9.8K-4770.00106.61N/AN/A60196100
2015-05-05$10.88$11.2534.6%8.8%34.2%5.2%31.0%-0.5%3.7%1.1K5.4K-4491.5491.77N/AN/A5280196100
2015-05-06$10.97$11.2555.0%11.3%33.1%19.2%35.4%10.2%20.5%1.3K-12.8K-5301.54137.78N/AN/A5280196100
2015-05-07$11.06$11.25195.6%18.0%33.1%100.0%50.2%1.7%27.0%1.5K-47.5K-5881.54142.65N/AN/A5280196100
2015-05-08$10.97$11.2563.5%9.9%32.8%21.6%0.0%-44.8%13.1%1.1K-5.4K-4880.00126.76N/AN/A60196100
2015-05-11$10.97$11.2572.8%17.2%31.7%27.1%0.0%16.6%2.6%-4096.0K-4470.00136.37N/AN/A020202100
2015-05-12$10.71$11.2576.7%12.0%32.4%29.4%41.8%17.1%-2.5%1.5K16.4K-4381.72139.92N/AN/A58100202120
2015-05-13$10.39$11.25101.4%29.1%32.6%44.1%45.6%61.2%-21.3%1.6K-3.0K-5381.72142.07N/AN/A58100202120
2015-05-14$10.74$11.2595.1%27.3%35.3%40.4%109.2%17.5%-32.4%1.2K-24.1K-5481.72137.76N/AN/A58100202120
2015-05-15$10.51$11.2535.3%10.1%35.4%4.9%33.4%-1.6%2.1%74141.6K-3291.23125.54N/AN/A8098202120
2015-05-18$10.54$10.0077.0%22.1%34.8%29.6%0.0%56.3%-31.7%2.4K-67.0K-5810.00146.96N/AN/A00220102
2015-05-19$10.30$10.00117.8%33.8%34.7%53.8%0.0%59.0%-33.6%1.8K-26.3K-5250.00143.88N/AN/A200220102
2015-05-20$10.25$10.00112.8%32.3%34.6%50.9%95.5%14.9%-45.8%3.3K-32.4K-4970.85144.24N/AN/A9278240102
2015-05-21$10.38$10.0092.1%26.4%33.6%38.6%70.6%94.6%-37.6%2.5K-55.4K-6140.30143.34N/AN/A26278256102
2015-05-22$10.29$10.0075.4%21.6%32.9%28.7%53.1%72.0%39.1%5.1K-155.8K-1.0K0.50139.79N/AN/A15678444122
2015-05-26$10.22$10.00128.9%37.0%32.0%60.4%119.8%2.4%-52.7%5.3K-227.1K-1.3K0.46145.02N/AN/A16878538122
2015-05-27$10.28$10.0063.4%18.2%29.9%21.6%52.1%87.8%-10.5%6.1K-204.1K-1.3K0.83143.01N/AN/A9478538122
2015-05-28$10.51$10.0058.7%16.8%31.0%18.8%41.7%60.4%9.5%6.2K-190.4K-1.1K0.83131.74N/AN/A9478522122
2015-05-29$10.37$10.00132.3%37.9%26.5%62.4%120.3%54.7%-52.5%5.5K-240.5K-1.2K0.83145.73N/AN/A9478522122