FIZZ Options History — March 2020

In March 2020, FIZZ traded between $18.61 and $22.54. ATM implied volatility averaged 96.7%, placing in the 78.1% IV rank vs the trailing year. The 30-day expected move averaged 26.9%. IV traded above realized volatility by 40.9% (HV 20d: 55.8%). Max pain ranged from $22.50 to $27.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 1.43.

Notable Days

  • 2020-03-02: Highest Volume — 6,922 contracts
  • 2020-03-09: Largest IV spike — 46.2% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 34.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.62$18.61$22.54$21.66$20.94
Max Pain$26.82$22.50$27.50$22.50$27.50
ATM IV96.7%77.0%121.8%86.0%79.7%
Expected Move26.9%21.3%34.9%24.7%22.8%
HV 20d55.8%33.7%77.1%35.2%77.1%
HV 60d41.3%31.2%50.2%39.9%50.2%
IV Rank78.1%51.2%100.0%76.3%51.6%
IV Percentile97.5%90.9%100.0%99.2%90.9%
Term Structure-18.0%-40.7%-5.2%-22.1%-7.1%
VWIV94.2%74.0%120.5%87.3%78.4%
Skew 25d8.8%0.0%26.6%5.2%8.1%
Skew 10d15.1%-13.4%42.8%5.0%-0.5%
Call IV 25d90.2%73.9%111.9%83.9%76.6%
Put IV 25d99.0%75.1%124.7%89.1%84.7%
Bid-Ask Spread %65.0747.7181.7447.7181.74
Gamma HHI0.210.180.260.230.23
Net GEX-148.2K-342.7K-1.2K-342.7K-248.4K
Net DEX26.4M17.6M31.1M29.9M30.2M
Net VEX-105.4K-144.0K-72.9K-113.4K-81.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.034.190.030.70
Total Volume1,206.0911986,9226,9222,072
Total OI44,857.63637,74448,90638,93240,138

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$21.66$22.5086.0%24.7%35.2%76.3%87.3%5.2%-22.1%-342.7K29.9M-113.4K0.0347.71N/AN/A6,74817412,46626,466
2020-03-03$21.48$22.5088.8%25.4%35.2%80.4%87.9%1.1%-21.3%-148.3K27.1M-115.2K0.3054.51N/AN/A2026018,97026,494
2020-03-04$21.41$22.5084.5%24.2%33.7%74.1%85.7%1.3%-19.4%-152.2K27.4M-113.2K0.1055.20N/AN/A2,99829619,01826,538
2020-03-05$21.20$27.5093.1%21.3%33.9%86.8%77.7%1.3%-13.1%-93.0K24.5M-126.8K0.6155.42N/AN/A59436021,03826,754
2020-03-06$22.45$27.5077.0%21.4%39.7%63.0%74.0%1.1%-9.6%-16.4K17.6M-144.0K0.0972.07N/AN/A2,90626221,33427,006
2020-03-09$21.35$27.50112.5%24.4%43.4%100.0%82.9%0.0%-16.9%-52.3K22.0M-127.7K2.2265.91N/AN/A28262621,82027,024
2020-03-10$22.54$27.5092.9%23.1%47.5%74.9%83.9%0.9%-9.9%-1.2K18.9M-137.5K1.7362.36N/AN/A20235021,69026,876
2020-03-11$20.93$27.5085.0%24.4%54.4%64.7%86.4%5.5%-14.2%-74.9K24.0M-121.4K1.2748.02N/AN/A11014021,74226,842
2020-03-12$19.87$27.5097.5%27.9%57.2%80.7%101.4%0.5%-18.5%-99.8K25.6M-110.4K0.9652.38N/AN/A35233821,69426,920
2020-03-13$20.06$27.50108.6%31.1%57.4%95.0%103.3%7.1%-36.1%-90.5K25.4M-113.2K1.8766.22N/AN/A7614221,89226,952
2020-03-16$20.00$27.50109.0%31.3%55.9%95.5%112.9%0.2%-27.1%-113.5K26.5M-105.9K3.0554.28N/AN/A8024421,87426,938
2020-03-17$19.63$27.50112.9%32.4%55.8%100.0%96.4%11.6%-28.8%-126.9K27.2M-102.9K2.0959.64N/AN/A6413421,90026,898
2020-03-18$20.08$27.50121.8%34.9%55.4%100.0%120.5%20.0%-40.7%-88.8K23.8M-108.2K2.4074.78N/AN/A29270221,91026,924
2020-03-19$20.77$27.50106.8%30.6%57.0%82.8%111.4%19.1%-19.1%-116.1K24.7M-112.2K1.9771.68N/AN/A14027621,88627,020
2020-03-20$20.73$27.50107.3%30.8%56.6%83.3%102.7%14.3%-30.0%-219.7K28.5M-101.7K3.1464.98N/AN/A9830821,95826,800
2020-03-23$18.61$27.50115.0%33.0%66.7%92.2%108.8%26.6%-11.9%-189.0K29.6M-79.2K1.3271.56N/AN/A7661,01012,97624,768
2020-03-24$20.04$27.5093.0%26.6%72.1%66.9%91.2%3.9%-11.4%-229.2K30.7M-80.2K0.9773.44N/AN/A36235213,57425,412
2020-03-25$19.45$27.5089.3%25.6%72.3%62.7%102.9%22.6%-5.9%-204.5K29.1M-82.1K1.2277.44N/AN/A10813213,79025,210
2020-03-26$19.20$27.5094.7%27.1%72.1%68.8%97.6%11.2%-14.9%-200.1K31.1M-72.9K4.1975.42N/AN/A4217613,92425,136
2020-03-27$19.87$27.5093.1%26.7%72.2%67.0%94.7%17.5%-12.2%-210.3K29.9M-78.0K0.7172.73N/AN/A20414413,94225,146
2020-03-30$21.43$27.5079.3%22.7%76.7%51.2%84.9%15.3%-5.2%-242.3K27.8M-90.9K0.5574.09N/AN/A1,03657414,08025,128
2020-03-31$20.94$27.5079.7%22.8%77.1%51.6%78.4%8.1%-7.1%-248.4K30.2M-81.9K0.7081.74N/AN/A1,22085214,62625,512