FIZZ Options History — December 2021

In December 2021, FIZZ traded between $45.54 and $53.34. ATM implied volatility averaged 56.5%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 22.4% (HV 20d: 34.0%). Max pain ranged from $47.00 to $65.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.82.

Notable Days

  • 2021-12-09: Highest Volume — 2,794 contracts
  • 2021-12-15: Largest IV drop — 36.5% change
  • 2021-12-09: Highest IV Rank — 16.3%
  • 2021-12-03: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.10$45.54$53.34$51.71$45.56
Max Pain$50.34$47.00$65.00$65.00$47.00
ATM IV56.5%38.3%77.2%69.9%48.6%
Expected Move14.5%11.0%20.9%20.0%13.9%
HV 20d34.0%29.5%36.6%35.4%32.7%
HV 60d32.1%28.7%36.3%36.3%31.5%
IV Rank7.8%0.3%16.3%13.3%4.6%
IV Percentile44.0%0.4%87.3%82.9%25.8%
Term Structure-1.0%-15.9%5.2%-15.0%-1.4%
VWIV51.6%37.3%78.5%67.4%47.4%
Skew 25d1.9%-2.1%10.9%4.6%-0.8%
Skew 10d2.0%-6.9%10.5%8.7%-6.9%
Call IV 25d51.3%40.9%74.5%69.0%45.7%
Put IV 25d53.2%41.4%78.2%73.6%45.0%
Bid-Ask Spread %68.8849.8684.9853.2584.98
Gamma HHI0.080.060.130.100.07
Net GEX45.0K10.8K79.2K48.0K34.2K
Net DEX2.1M-1.3M7.3M2.2M-537.9K
Net VEX-46.8K-62.0K-12.5K-60.2K-42.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.611.280.610.71
Total Volume1,512.4098982,7942,1061,364
Total OI9,242.0452,10311,2009,8018,900

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$51.71$65.0069.9%20.0%35.4%13.3%67.4%4.6%-15.0%48.0K2.2M-60.2K0.6153.25N/AN/A1,3127945,8433,958
2021-12-02$51.30$65.0067.2%19.3%32.1%12.2%62.5%3.8%-12.4%44.8K2.9M-57.2K0.6756.99N/AN/A1,2078105,8263,960
2021-12-03$51.72$65.0072.8%20.9%32.6%14.4%78.5%3.7%-15.9%41.3K2.5M-58.7K0.8659.50N/AN/A1,2491,0755,8343,987
2021-12-06$51.64$50.0071.3%18.8%29.5%13.9%62.4%10.9%-6.8%22.5K2.9M-58.5K0.7459.39N/AN/A1,3921,0305,8874,271
2021-12-07$53.34$50.0072.9%15.6%33.0%14.5%58.7%0.7%-0.5%27.5K1.6M-62.0K0.7449.86N/AN/A1,4551,0815,8804,297
2021-12-08$52.42$50.0076.8%16.3%32.4%16.1%57.2%0.5%-2.8%41.5K2.0M-61.1K0.8452.48N/AN/A1,3561,1366,0484,360
2021-12-09$51.48$50.0077.2%15.7%32.2%16.3%58.7%-1.6%0.5%33.8K3.5M-56.8K0.8957.50N/AN/A1,4761,3186,1184,427
2021-12-10$48.33$54.5056.9%14.6%34.0%7.9%54.7%2.5%1.8%22.6K41.8K-12.5K0.6668.78N/AN/A6154071,132971
2021-12-13$46.23$47.0075.0%13.7%34.7%15.3%49.2%2.0%3.3%45.0K6.3M-44.6K0.6462.68N/AN/A6854356,3554,621
2021-12-14$45.54$47.0074.2%13.4%34.5%15.0%49.4%3.6%5.2%40.5K7.3M-41.7K0.7861.54N/AN/A5344146,3234,662
2021-12-15$46.19$47.0047.1%13.5%36.1%3.9%47.2%3.2%1.6%41.7K6.9M-42.4K0.8773.84N/AN/A4804186,3714,712
2021-12-16$46.23$47.0046.0%13.2%36.4%3.5%48.3%3.0%3.5%46.3K6.8M-42.7K0.7575.80N/AN/A5364046,3814,718
2021-12-17$46.50$47.0045.5%13.0%36.4%3.3%48.4%0.2%0.8%10.8K6.7M-44.2K0.8273.31N/AN/A6255156,4324,768
2021-12-20$46.85$47.0050.3%14.4%36.6%5.2%49.8%-0.1%5.1%78.8K-1.3M-43.1K0.7272.97N/AN/A6034375,0072,869
2021-12-21$46.50$47.0042.1%12.1%36.1%1.9%45.2%0.7%2.1%79.2K-783.9K-42.7K1.2876.40N/AN/A4896275,1112,949
2021-12-22$46.46$47.0040.2%11.5%34.6%1.1%41.4%-1.8%3.5%65.9K-626.3K-43.6K0.9575.73N/AN/A5245005,1323,136
2021-12-23$46.67$47.0039.3%11.3%34.9%0.8%41.4%1.9%3.3%63.1K-743.7K-44.0K0.7981.70N/AN/A6124845,1733,194
2021-12-27$46.54$47.0040.7%11.7%34.9%1.3%42.6%4.3%2.6%61.9K-523.5K-42.5K0.9978.86N/AN/A5645575,1733,202
2021-12-28$45.62$47.0038.3%11.0%34.4%0.3%37.3%-0.2%2.6%50.2K-397.7K-42.6K0.8177.65N/AN/A6485265,2063,163
2021-12-29$45.57$47.0041.0%11.8%32.5%1.5%42.7%2.9%-0.4%46.8K-494.4K-42.7K0.9883.71N/AN/A5265165,2543,221
2021-12-30$45.77$47.0048.8%14.0%32.7%4.6%44.3%-2.1%-2.9%44.9K-687.0K-42.6K0.8978.49N/AN/A8147235,2613,232
2021-12-31$45.56$47.0048.6%13.9%32.7%4.6%47.4%-0.8%-1.4%34.2K-537.9K-42.7K0.7184.98N/AN/A7985665,4583,442