FIZZ Options History — November 2020

In November 2020, FIZZ traded between $39.76 and $49.05. ATM implied volatility averaged 59.1%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded above realized volatility by 14.1% (HV 20d: 45.0%). Max pain ranged from $40.00 to $42.50. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.07.

Notable Days

  • 2020-11-25: Highest Volume — 16,138 contracts
  • 2020-11-09: Largest IV spike — 14.3% change
  • 2020-11-30: Highest IV Rank — 45.8%
  • 2020-11-30: Largest Expected Move — 21.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.65$39.76$49.05$39.76$49.05
Max Pain$42.13$40.00$42.50$40.00$42.50
ATM IV59.1%49.5%76.2%59.3%76.2%
Expected Move17.2%15.4%21.8%17.0%21.8%
HV 20d45.0%38.9%51.1%44.1%38.9%
HV 60d47.2%46.1%49.4%46.7%47.2%
IV Rank25.6%14.1%45.8%25.7%45.8%
IV Percentile59.0%28.6%86.5%63.1%86.5%
Term Structure-3.3%-14.1%6.8%5.9%-14.1%
VWIV61.4%54.6%77.4%59.9%77.4%
Skew 25d1.7%-4.2%7.2%7.2%-0.2%
Skew 10d3.9%-8.1%14.4%13.4%-1.8%
Call IV 25d60.5%52.4%79.3%57.7%79.3%
Put IV 25d62.1%55.8%79.2%64.9%79.2%
Bid-Ask Spread %54.6643.7062.1453.3150.01
Gamma HHI0.260.190.450.260.21
Net GEX-1.8M-3.0M147.6K-1.8M-2.0M
Net DEX75.8M25.3M98.5M98.2M66.8M
Net VEX-579.2K-779.2K-446.1K-458.1K-779.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.073.740.290.28
Total Volume5,71728416,13828412,040
Total OI78,105.566,42294,92266,42294,922

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$39.76$40.0059.3%17.0%44.1%25.7%59.9%7.2%5.9%-1.8M98.2M-458.1K0.2953.31N/AN/A2206413,02053,402
2020-11-03$40.45$40.0057.6%16.5%42.2%23.7%58.8%4.2%5.8%-1.8M96.2M-472.7K0.4757.22N/AN/A26012213,02053,402
2020-11-04$40.52$40.0053.6%15.4%40.6%19.0%54.6%5.1%6.8%-1.9M98.5M-462.1K1.3260.54N/AN/A12416413,13053,504
2020-11-05$41.44$42.5049.5%16.2%41.1%14.2%57.1%4.6%-1.5%-2.0M93.8M-471.4K1.9460.85N/AN/A5421,05413,12053,540
2020-11-06$40.89$42.5049.5%16.6%40.6%14.1%58.6%4.5%-2.9%-2.0M97.6M-449.2K3.3860.20N/AN/A17057413,17653,832
2020-11-09$41.08$42.5056.6%16.2%40.1%22.5%56.9%1.7%-3.4%-2.1M97.1M-446.1K0.0757.48N/AN/A12,22283813,22854,136
2020-11-10$40.13$42.5059.0%16.8%39.4%25.4%58.7%0.6%-3.2%-1.3M96.8M-451.7K0.0753.13N/AN/A13,6641,01020,57454,674
2020-11-11$42.83$42.5056.3%16.1%45.9%22.2%56.4%0.5%-3.5%147.6K68.0M-494.5K0.4049.53N/AN/A10,5164,18025,50655,006
2020-11-12$43.19$42.5054.1%15.5%45.8%19.6%55.7%1.8%-3.7%-797.1K72.6M-476.7K0.6162.14N/AN/A2,4761,52221,02455,314
2020-11-13$45.42$42.5054.5%15.6%48.9%20.1%54.6%3.4%-4.1%-579.6K48.9M-515.0K0.1653.71N/AN/A4,73877820,73256,290
2020-11-16$47.45$42.5055.8%16.0%50.9%21.6%57.7%1.8%-4.3%-1.2M31.0M-513.0K0.3443.70N/AN/A2,20674819,84456,322
2020-11-17$48.48$42.5062.2%17.8%49.8%29.2%63.7%-0.5%-3.5%-1.2M25.3M-521.5K3.4257.38N/AN/A2,0787,11619,35656,546
2020-11-18$47.19$42.5061.3%17.6%51.0%28.2%63.3%-1.5%-2.5%-1.2M49.7M-633.1K3.7454.24N/AN/A1,5865,93819,92463,088
2020-11-19$47.63$42.5061.0%17.5%51.0%27.8%62.6%1.0%-4.5%-1.7M57.3M-712.6K0.7354.44N/AN/A88665020,04068,342
2020-11-20$46.66$42.5061.2%17.5%51.1%28.0%63.5%1.2%-5.7%-2.9M75.2M-731.7K1.9161.98N/AN/A1,4962,86220,15071,458
2020-11-23$47.94$42.5059.4%17.0%47.3%25.9%61.8%1.4%-3.4%-3.0M87.6M-741.3K0.5754.10N/AN/A66037813,57469,108
2020-11-24$47.53$42.5062.5%17.9%47.0%29.6%65.1%4.6%-6.7%-2.9M89.8M-742.9K1.3953.74N/AN/A29441014,02469,186
2020-11-25$47.70$42.5065.3%18.7%42.1%32.9%68.7%-4.0%-8.3%-2.8M87.3M-739.2K0.1050.39N/AN/A14,7141,42414,05269,276
2020-11-27$47.66$42.5067.6%19.4%42.1%35.6%72.3%-4.2%-9.5%-2.2M78.1M-771.9K0.1245.08N/AN/A3,24037623,08670,182
2020-11-30$49.05$42.5076.2%21.8%38.9%45.8%77.4%-0.2%-14.1%-2.0M66.8M-779.2K0.2850.01N/AN/A9,3862,65424,56470,358