FIZZ Options History — August 2017

In August 2017, FIZZ traded between $51.98 and $58.10. ATM implied volatility averaged 44.4%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 8.6% (HV 20d: 35.8%). Max pain ranged from $50.00 to $52.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 1.08.

Notable Days

  • 2017-08-03: Highest Volume — 8,696 contracts
  • 2017-08-09: Largest IV spike — 11.0% change
  • 2017-08-29: Highest IV Rank — 52.5%
  • 2017-08-29: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.84$51.98$58.10$51.98$58.03
Max Pain$52.28$50.00$52.50$50.00$52.50
ATM IV44.4%37.0%49.7%37.0%47.7%
Expected Move12.9%10.6%14.3%10.6%13.7%
HV 20d35.8%23.2%52.9%51.9%23.2%
HV 60d38.1%37.6%38.6%38.0%37.8%
IV Rank38.1%18.5%52.5%18.5%46.9%
IV Percentile67.3%32.5%86.5%32.5%78.2%
Term Structure-4.2%-8.7%2.6%2.6%-7.3%
VWIV46.2%39.1%50.4%39.5%49.6%
Skew 25d2.4%0.5%4.0%3.2%0.9%
Skew 10d3.7%-13.7%9.4%9.4%2.9%
Call IV 25d44.9%37.7%49.4%37.7%49.4%
Put IV 25d47.3%39.8%51.4%41.0%50.3%
Bid-Ask Spread %47.1025.0662.5049.8362.50
Gamma HHI0.150.120.250.120.16
Net GEX852.9K509.6K1.4M509.6K817.6K
Net DEX-40.8M-54.0M-24.2M-24.2M-44.6M
Net VEX-132.2K-152.9K-116.6K-136.4K-116.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.351.961.031.12
Total Volume3,314.4352,1908,6962,3302,632
Total OI28,032.95724,59031,86625,71626,880

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$51.98$50.0037.0%10.6%51.9%18.5%39.5%3.2%2.6%509.6K-24.2M-136.4K1.0349.83N/AN/A1,1501,18012,09213,624
2017-08-02$52.41$50.0037.0%10.6%51.8%18.5%39.1%1.8%2.5%589.2K-26.9M-134.8K0.9325.06N/AN/A1,3721,27412,07813,706
2017-08-03$54.38$52.5038.6%12.5%52.9%22.7%44.7%2.8%-1.9%648.3K-33.2M-136.0K0.3545.16N/AN/A6,4502,24611,93813,820
2017-08-04$54.49$52.5040.0%12.8%52.5%26.5%45.7%3.5%-2.5%896.9K-39.6M-152.9K0.9435.12N/AN/A1,7221,61214,50414,464
2017-08-07$54.41$52.5042.7%12.9%47.7%33.6%47.6%4.0%-4.5%978.1K-40.8M-152.1K1.0742.87N/AN/A1,9802,12015,14414,844
2017-08-08$55.26$52.5040.7%12.9%47.9%28.3%46.3%2.7%-3.8%1.1M-45.8M-149.1K1.3335.11N/AN/A1,2241,63015,20615,382
2017-08-09$54.59$52.5045.2%13.0%47.9%40.3%46.9%2.6%-3.1%982.1K-41.1M-148.9K1.2437.37N/AN/A1,0681,32815,06215,564
2017-08-10$53.63$52.5045.5%13.1%37.0%41.2%45.3%2.5%-2.7%871.1K-35.5M-150.7K0.7345.34N/AN/A1,9121,39014,96615,598
2017-08-11$54.22$52.5045.6%13.1%35.1%41.3%46.1%1.2%-4.6%948.9K-37.8M-141.0K0.9745.79N/AN/A1,6901,63214,39815,426
2017-08-14$55.97$52.5044.0%12.6%35.5%37.1%44.6%2.2%-4.4%1.2M-45.4M-127.4K1.1749.79N/AN/A1,4621,70614,25815,494
2017-08-15$57.28$52.5044.2%12.7%35.8%37.6%45.4%2.2%-4.3%1.4M-54.0M-122.4K1.0250.01N/AN/A2,0642,11214,67415,478
2017-08-16$57.02$52.5044.6%12.8%33.2%38.6%45.4%1.9%-3.9%1.4M-52.1M-122.5K1.9657.06N/AN/A1,2682,49014,82015,708
2017-08-17$55.48$52.5046.1%13.2%32.6%42.7%47.1%0.5%-4.7%1.3M-42.5M-131.0K1.8256.25N/AN/A1,1702,13014,87816,704
2017-08-18$56.63$52.5044.3%12.7%28.3%37.8%44.6%2.9%-4.2%562.1K-49.1M-128.2K0.7941.76N/AN/A2,5722,02815,07816,788
2017-08-21$57.38$52.5045.9%13.1%28.0%42.1%46.2%2.9%-6.6%608.4K-39.4M-122.6K1.2937.65N/AN/A1,2741,64811,58413,006
2017-08-22$56.85$52.5046.0%13.2%26.5%42.4%47.0%2.8%-4.1%621.2K-38.2M-127.0K0.9253.15N/AN/A1,5001,38011,97413,140
2017-08-23$57.44$52.5046.3%13.3%25.8%43.2%47.9%2.0%-4.6%691.0K-41.3M-126.7K1.2560.23N/AN/A1,2361,54812,45613,198
2017-08-24$57.29$52.5045.3%13.0%25.8%40.6%46.6%2.2%-4.2%685.0K-40.6M-127.0K1.2852.60N/AN/A1,2321,57412,53013,422
2017-08-25$56.83$52.5045.9%13.2%26.3%42.2%47.2%3.4%-5.6%672.8K-38.7M-126.7K1.2449.48N/AN/A1,2281,51812,55613,464
2017-08-28$57.35$52.5049.1%14.1%26.1%50.7%48.6%1.7%-8.2%690.2K-40.9M-120.4K0.7241.38N/AN/A1,3881,00612,55013,474
2017-08-29$57.37$52.5049.7%14.3%25.8%52.5%50.4%2.6%-8.7%724.8K-41.5M-121.7K1.0155.11N/AN/A1,0921,09812,78413,548
2017-08-30$58.10$52.5048.9%14.0%26.0%50.1%49.7%3.1%-7.1%748.4K-44.0M-119.2K0.7554.66N/AN/A1,6521,24412,87013,626
2017-08-31$58.03$52.5047.7%13.7%23.2%46.9%49.6%0.9%-7.3%817.6K-44.6M-116.6K1.1262.50N/AN/A1,2441,38813,16213,718