FIZZ Options History — March 2021

In March 2021, FIZZ traded between $47.20 and $56.17. ATM implied volatility averaged 77.3%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded above realized volatility by 11.9% (HV 20d: 65.4%). Max pain ranged from $49.50 to $55.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.07.

Notable Days

  • 2021-03-05: Highest Volume — 3,485 contracts
  • 2021-03-12: Largest IV drop — 28.7% change
  • 2021-03-09: Highest IV Rank — 31.7%
  • 2021-03-03: Largest Expected Move — 28.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.80$47.20$56.17$49.56$48.69
Max Pain$50.22$49.50$55.00$55.00$49.50
ATM IV77.3%56.8%117.0%91.9%58.6%
Expected Move21.1%16.3%28.3%26.4%16.8%
HV 20d65.4%55.1%78.4%78.4%66.0%
HV 60d97.2%93.9%98.8%94.5%98.8%
IV Rank15.3%6.8%31.7%21.3%7.5%
IV Percentile71.8%40.5%97.2%89.7%48.0%
Term Structure-2.7%-27.9%7.9%-15.5%0.8%
VWIV78.2%58.6%113.3%104.5%64.0%
Skew 25d-10.6%-23.6%-1.3%-5.2%-6.7%
Skew 10d-28.0%-79.2%-12.5%-32.8%-21.4%
Call IV 25d85.3%62.3%117.3%104.1%64.2%
Put IV 25d74.8%57.6%98.9%98.9%57.6%
Bid-Ask Spread %64.1246.9679.3471.3764.39
Gamma HHI0.160.100.420.110.21
Net GEX-2.1M-6.2M-1.2M-1.8M-2.2M
Net DEX35.8M-3.5M66.4M54.1M38.9M
Net VEX-485.2K-615.9K-361.7K-615.9K-361.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.066.730.380.42
Total Volume1,4192513,485804564
Total OI82,090.95761,76793,49091,68963,501

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$49.56$55.0091.9%26.4%78.4%21.3%104.5%-5.2%-15.5%-1.8M54.1M-615.9K0.3871.37N/AN/A58422031,80559,884
2021-03-02$48.35$55.0083.6%24.0%58.3%17.8%97.4%-12.6%7.9%-2.0M66.4M-589.1K1.4771.78N/AN/A56482831,75859,888
2021-03-03$48.88$55.0098.7%28.3%55.7%24.1%113.3%-23.6%-14.6%-1.9M63.4M-594.9K0.5479.34N/AN/A1,14161631,63159,699
2021-03-04$49.19$49.50103.3%22.0%55.1%26.0%90.8%-5.9%6.1%-1.9M61.7M-586.9K0.1174.21N/AN/A1,65017531,49259,945
2021-03-05$54.59$49.50105.4%28.0%59.5%26.9%96.6%-20.2%-27.9%-1.4M17.3M-612.0K0.3066.58N/AN/A2,68879731,43959,975
2021-03-08$52.59$49.50113.7%26.4%60.5%30.3%95.0%-19.4%-12.7%-1.6M34.8M-579.6K0.1564.59N/AN/A2,54937931,90260,055
2021-03-09$56.17$49.50117.0%25.9%62.4%31.7%92.8%-20.1%-9.6%-1.2M-3.5M-579.7K0.0957.28N/AN/A1,27311132,79560,154
2021-03-10$55.49$49.5090.8%26.0%61.9%20.8%86.8%-17.2%-11.9%-1.3M290.7K-558.8K0.2358.75N/AN/A2776332,47660,132
2021-03-11$55.18$49.5087.3%25.0%61.8%19.4%86.3%-15.7%-8.8%-1.4M5.8M-551.0K3.8958.98N/AN/A2871,11732,39860,109
2021-03-12$50.44$49.5062.3%17.8%68.1%9.0%71.5%-7.9%5.1%-2.5M45.7M-515.2K2.0175.56N/AN/A9962,00032,38861,102
2021-03-15$52.76$49.5073.3%21.0%69.2%13.6%81.2%-9.6%2.0%-1.9M23.3M-487.6K0.0856.75N/AN/A1,64512432,59859,982
2021-03-16$52.83$49.5074.8%21.4%68.4%14.2%75.6%-15.2%-1.6%-1.9M22.1M-467.6K0.1463.06N/AN/A5066933,27760,015
2021-03-17$52.42$49.5070.1%20.1%66.7%12.3%78.4%-10.1%1.2%-1.9M23.9M-462.2K0.0659.85N/AN/A5953433,01960,005
2021-03-18$49.90$49.5071.3%20.4%69.0%12.8%72.3%-9.9%-4.6%-3.7M55.7M-448.1K6.7346.96N/AN/A3982,67833,28859,985
2021-03-19$50.37$49.5062.6%18.0%69.1%9.2%67.6%-11.6%7.0%-6.2M43.0M-433.0K0.9656.77N/AN/A82078833,34658,166
2021-03-22$50.13$49.5061.2%17.6%68.1%8.6%62.1%-4.6%-0.6%-1.7M26.9M-414.0K0.5151.53N/AN/A74337721,18040,587
2021-03-23$49.59$49.5059.5%17.0%68.1%7.9%60.0%-5.4%0.2%-1.7M30.1M-401.5K0.6165.06N/AN/A48129421,62640,660
2021-03-24$47.20$49.5059.3%17.0%69.1%7.8%61.0%-4.1%7.1%-2.0M50.6M-385.4K3.2754.08N/AN/A4061,32621,88840,728
2021-03-25$48.23$49.5058.9%16.9%68.2%7.6%58.6%-5.7%1.6%-2.0M43.0M-387.3K0.2667.02N/AN/A81120922,07141,087
2021-03-26$48.80$49.5056.8%16.3%67.8%6.8%60.1%-4.4%5.8%-2.0M39.5M-388.8K1.2472.88N/AN/A21726822,09441,122
2021-03-29$48.34$49.5059.3%17.0%66.6%7.8%63.0%-6.5%-3.1%-2.1M42.2M-370.6K0.3170.09N/AN/A54717122,18341,267
2021-03-30$48.76$49.5059.3%17.0%66.1%7.8%60.0%-1.3%2.9%-2.1M39.3M-367.8K0.8567.93N/AN/A13611522,08741,303
2021-03-31$48.69$49.5058.6%16.8%66.0%7.5%64.0%-6.7%0.8%-2.2M38.9M-361.7K0.4264.39N/AN/A39816622,17941,322