FIZZ Options History — July 2020

In July 2020, FIZZ traded between $31.64 and $35.20. ATM implied volatility averaged 48.4%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 9.6% (HV 20d: 38.8%). Max pain ranged from $30.00 to $32.50. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.80.

Notable Days

  • 2020-07-06: Highest Volume — 13,836 contracts
  • 2020-07-02: Largest IV drop — 33.3% change
  • 2020-07-01: Highest IV Rank — 37.1%
  • 2020-07-01: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.40$31.64$35.20$31.64$32.09
Max Pain$30.80$30.00$32.50$30.00$32.50
ATM IV48.4%40.6%68.8%68.8%49.5%
Expected Move13.6%11.6%19.7%19.7%14.2%
HV 20d38.8%29.0%48.2%45.4%39.4%
HV 60d40.6%38.7%44.9%44.9%42.4%
IV Rank12.9%3.6%37.1%37.1%14.1%
IV Percentile33.9%8.3%82.9%82.9%40.1%
Term Structure3.1%-12.8%8.9%-12.8%2.4%
VWIV47.6%40.9%69.4%69.4%50.1%
Skew 25d3.5%0.8%8.3%4.5%4.7%
Skew 10d7.5%1.6%13.4%9.9%9.4%
Call IV 25d46.4%40.6%69.3%69.3%48.0%
Put IV 25d49.9%42.7%73.8%73.8%52.7%
Bid-Ask Spread %52.5935.0180.2952.6580.29
Gamma HHI0.360.170.500.170.44
Net GEX-168.1K-635.0K390.1K-89.8K-595.6K
Net DEX-1.8M-24.1M18.4M-10.4M18.4M
Net VEX-116.3K-143.1K-78.3K-98.4K-113.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.800.0312.300.1610.95
Total Volume2,350.72721013,8365,2848,626
Total OI36,060.27322,16849,63836,54824,846

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$31.64$30.0068.8%19.7%45.4%37.1%69.4%4.5%-12.8%-89.8K-10.4M-98.4K0.1652.65N/AN/A4,54474015,49421,054
2020-07-02$32.67$30.0045.9%13.2%45.8%9.8%49.7%8.3%3.0%356.6K-23.8M-90.2K0.4237.34N/AN/A3,4961,45419,06821,522
2020-07-06$32.60$30.0046.8%13.7%45.5%10.9%47.6%4.2%2.1%387.1K-24.1M-78.3K12.3050.39N/AN/A1,04012,79619,18421,466
2020-07-07$33.05$30.0047.3%14.0%45.3%11.6%48.8%6.0%1.8%346.2K-17.0M-115.0K1.9656.61N/AN/A1,4862,91619,11425,710
2020-07-08$33.95$30.0048.5%13.8%45.4%12.9%48.7%5.1%2.0%353.5K-16.1M-140.8K0.1747.57N/AN/A1,46824819,57629,820
2020-07-09$32.66$30.0053.4%14.5%48.2%18.8%50.4%4.3%-0.0%147.1K-5.7M-143.1K0.1146.52N/AN/A1,51417019,49229,900
2020-07-10$33.59$30.0051.9%14.3%45.2%17.0%49.4%2.6%1.7%316.0K-13.3M-137.0K0.5852.51N/AN/A48228019,44230,002
2020-07-13$33.15$30.0063.2%14.7%45.8%30.4%50.6%3.1%1.7%229.8K-10.3M-131.5K0.0348.43N/AN/A1,0503419,51430,124
2020-07-14$33.61$30.0057.3%14.3%45.5%23.4%49.3%2.5%0.3%379.2K-14.4M-126.4K0.0957.11N/AN/A8548019,21030,114
2020-07-15$33.70$30.0048.6%13.9%45.5%13.1%48.2%3.7%1.5%390.1K-13.3M-120.3K0.7656.37N/AN/A92070218,62830,114
2020-07-16$33.40$30.0048.1%13.8%36.5%12.5%47.0%3.2%3.2%73.6K-10.9M-118.1K0.2157.98N/AN/A70814818,70630,184
2020-07-17$33.75$30.0046.9%13.4%36.0%11.0%46.6%3.2%3.3%-552.7K-12.1M-117.5K0.4660.93N/AN/A62028818,58230,158
2020-07-20$33.25$30.0045.3%13.0%36.0%9.2%45.5%0.8%6.4%-542.9K14.2M-113.1K1.0964.78N/AN/A3503805,65216,516
2020-07-21$32.97$30.0045.0%12.9%35.8%8.8%45.1%1.9%5.5%-586.6K15.3M-112.7K3.0554.37N/AN/A742265,67616,808
2020-07-22$33.23$30.0044.5%12.8%35.3%8.2%44.5%1.0%5.8%-624.2K14.6M-109.2K3.9052.51N/AN/A582265,72816,926
2020-07-23$33.62$32.5044.8%12.8%29.0%8.6%44.8%3.0%4.6%-607.8K13.7M-115.0K0.6942.46N/AN/A1861285,73017,136
2020-07-24$33.55$32.5043.2%12.4%29.1%6.6%43.1%2.7%5.6%-628.8K14.2M-114.7K0.5047.76N/AN/A1,2766405,81217,226
2020-07-27$34.36$32.5041.7%12.0%29.9%4.9%43.2%3.8%7.9%-615.4K11.4M-117.9K0.4335.01N/AN/A3141346,83617,788
2020-07-28$34.21$32.5041.2%11.8%29.5%4.3%40.9%3.1%7.5%-635.0K11.8M-115.0K0.6753.54N/AN/A1701147,01017,860
2020-07-29$35.20$32.5040.6%11.6%30.5%3.6%41.5%2.1%8.9%-590.0K8.4M-115.8K0.1049.35N/AN/A514527,00617,870
2020-07-30$34.62$32.5043.2%12.4%29.5%6.6%43.1%3.2%6.5%-608.4K10.3M-116.2K0.8852.40N/AN/A112986,83017,892
2020-07-31$32.09$32.5049.5%14.2%39.4%14.1%50.1%4.7%2.4%-595.6K18.4M-113.0K10.9580.29N/AN/A7227,9046,85817,988