FIZZ Options History — March 2017

In March 2017, FIZZ traded between $29.79 and $42.27. ATM implied volatility averaged 35.3%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 0.5% (HV 20d: 35.8%). Max pain ranged from $26.75 to $40.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.94.

Notable Days

  • 2017-03-30: Highest Volume — 8,276 contracts
  • 2017-03-09: Largest IV drop — 28.0% change
  • 2017-03-08: Highest IV Rank — 47.3%
  • 2017-03-03: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.72$29.79$42.27$30.09$42.27
Max Pain$31.85$26.75$40.00$27.50$40.00
ATM IV35.3%30.1%48.8%39.8%35.2%
Expected Move9.5%8.6%11.8%11.4%10.1%
HV 20d35.8%15.9%43.2%20.9%40.0%
HV 60d31.0%24.5%33.9%28.5%32.1%
IV Rank15.9%3.8%47.3%20.9%16.8%
IV Percentile18.4%1.6%79.4%34.9%13.5%
Term Structure-0.6%-6.0%1.0%-4.5%-1.2%
VWIV34.1%28.9%43.3%42.2%37.8%
Skew 25d2.2%0.5%4.4%1.0%4.4%
Skew 10d5.2%-10.4%10.8%-10.4%10.8%
Call IV 25d33.2%29.8%42.9%41.5%34.5%
Put IV 25d35.4%31.6%47.0%42.5%38.8%
Bid-Ask Spread %73.2454.4484.5684.5679.14
Gamma HHI0.130.100.200.160.20
Net GEX324.9K-115.0K508.0K333.1K-115.0K
Net DEX-44.3M-62.0M-20.1M-20.8M-55.1M
Net VEX-85.6K-111.7K-62.4K-111.0K-98.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.353.173.171.07
Total Volume4,746.3482,4368,2763,7366,178
Total OI31,823.21727,46638,89027,46638,890

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-03-01$30.09$27.5039.8%11.4%20.9%20.9%42.2%1.0%-4.5%333.1K-20.8M-111.0K3.1784.56N/AN/A8962,84013,88413,582
2017-03-02$29.79$27.5039.9%11.4%21.1%26.4%41.9%3.0%-5.6%336.6K-20.1M-111.6K2.5554.44N/AN/A1,2823,27013,96413,704
2017-03-03$30.23$29.2541.3%11.8%19.7%29.6%43.3%4.1%-6.0%312.5K-21.1M-111.7K0.8867.41N/AN/A1,3021,14414,10014,186
2017-03-06$30.04$26.7545.6%10.2%18.4%39.9%36.4%1.9%-1.0%304.7K-21.1M-107.8K0.8956.12N/AN/A1,2861,15014,13414,252
2017-03-07$30.26$26.7545.1%10.2%18.4%38.6%36.4%0.8%-0.9%346.4K-22.6M-107.0K1.3265.37N/AN/A1,0661,40614,36214,302
2017-03-08$30.13$26.7548.8%9.9%15.9%47.3%36.5%2.1%-1.5%326.7K-22.1M-105.3K1.1065.66N/AN/A1,1841,29814,42014,624
2017-03-09$33.44$27.5035.1%8.7%38.9%16.7%31.4%1.8%0.5%279.5K-37.1M-75.0K0.3567.51N/AN/A4,1201,44214,46614,716
2017-03-10$35.50$29.2532.8%8.7%42.9%10.6%30.7%1.9%-0.8%386.8K-48.4M-78.5K0.3865.74N/AN/A5,8022,17816,59215,100
2017-03-13$36.43$30.0034.2%8.6%43.2%14.1%28.9%2.5%0.3%508.0K-55.1M-83.8K0.5676.18N/AN/A3,7282,10018,64016,318
2017-03-14$36.80$30.0037.4%8.9%43.0%22.5%31.5%2.7%0.0%397.5K-54.5M-80.9K0.5376.00N/AN/A2,9521,56418,25816,770
2017-03-15$37.85$30.0031.5%9.0%42.8%7.4%31.6%0.8%0.3%479.6K-58.5M-79.9K0.5079.86N/AN/A3,8921,93618,69216,770
2017-03-16$38.06$31.7530.8%8.8%42.5%5.5%31.4%1.5%0.4%429.3K-58.5M-81.3K0.6973.93N/AN/A2,4381,67219,06817,356
2017-03-17$38.76$31.7531.0%8.9%42.5%6.0%31.4%0.8%0.8%388.9K-62.0M-69.9K0.6878.72N/AN/A3,2862,21819,07617,518
2017-03-20$39.24$34.2530.1%8.6%42.3%3.8%30.5%1.7%1.0%397.4K-46.8M-75.4K0.4878.70N/AN/A3,2741,57015,36613,946
2017-03-21$39.33$34.2531.2%8.9%42.6%6.5%31.5%0.5%0.3%360.1K-48.5M-62.4K0.5477.78N/AN/A2,8461,55015,49014,158
2017-03-22$39.77$35.0030.7%8.8%42.5%5.2%32.1%3.3%0.0%395.3K-48.6M-74.0K0.6371.20N/AN/A2,9021,83015,84814,550
2017-03-23$39.83$35.0030.8%8.8%42.2%5.6%31.4%1.3%0.9%322.4K-49.2M-69.7K0.5674.13N/AN/A2,8921,62615,89615,104
2017-03-24$40.24$35.0031.0%8.9%41.5%6.1%32.0%1.9%0.6%341.2K-49.8M-79.5K0.6970.45N/AN/A2,2521,54416,15415,374
2017-03-27$40.85$35.0032.3%9.3%41.1%9.3%32.9%2.9%0.1%308.0K-51.2M-82.8K0.6782.52N/AN/A2,2521,51216,26815,608
2017-03-28$41.55$35.0031.2%9.0%40.5%6.6%33.3%2.4%0.3%280.3K-54.9M-71.7K0.9882.46N/AN/A2,5102,45016,40215,630
2017-03-29$42.13$36.7531.6%9.1%40.3%7.5%34.1%3.2%0.1%256.8K-57.2M-69.0K1.1277.45N/AN/A2,9423,30816,67816,408
2017-03-30$41.97$37.5033.8%9.7%39.8%13.1%36.4%3.6%0.9%95.5K-55.6M-80.6K1.3179.14N/AN/A3,5864,69017,23218,078
2017-03-31$42.27$40.0035.2%10.1%40.0%16.8%37.8%4.4%-1.2%-115.0K-55.1M-98.9K1.0779.14N/AN/A2,9903,18818,34620,544