FIZZ Options History — May 2022

In May 2022, FIZZ traded between $43.47 and $51.05. ATM implied volatility averaged 50.0%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 9.9% (HV 20d: 40.1%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2022-05-23: Highest Volume — 935 contracts
  • 2022-05-18: Largest IV spike — 54.0% change
  • 2022-05-09: Highest IV Rank — 47.3%
  • 2022-05-03: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.01$43.47$51.05$43.83$50.02
Max Pain$46.43$45.00$50.00$45.00$50.00
ATM IV50.0%29.6%71.8%53.5%45.6%
Expected Move13.7%8.5%17.1%15.3%13.1%
HV 20d40.1%31.9%47.0%36.0%46.3%
HV 60d41.5%39.5%43.6%40.4%43.5%
IV Rank22.5%0.0%47.3%25.7%18.3%
IV Percentile44.7%0.0%96.8%63.1%25.8%
Term Structure0.5%-14.2%11.9%-9.4%4.0%
VWIV48.4%32.1%58.3%49.0%47.9%
Skew 25d4.9%-6.0%19.9%7.0%17.4%
Skew 10d11.3%-14.4%37.8%-2.1%37.8%
Call IV 25d47.2%37.1%54.5%52.0%47.4%
Put IV 25d52.1%39.1%66.1%59.0%64.8%
Bid-Ask Spread %84.8564.9298.6873.4487.98
Gamma HHI0.190.070.470.120.17
Net GEX82.7K23.7K205.4K34.1K97.6K
Net DEX-2.1M-3.8M-450.2K-489.5K-3.2M
Net VEX-25.1K-28.7K-21.4K-21.4K-27.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.571.620.661.18
Total Volume727.429615935688766
Total OI3,628.813,3103,8293,3923,767

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$43.83$45.0053.5%15.3%36.0%25.7%49.0%7.0%-9.4%34.1K-489.5K-21.4K0.6673.44N/AN/A4152732,0831,309
2022-05-03$43.47$45.0059.8%17.1%35.0%33.1%58.3%0.3%-14.2%31.6K-450.2K-21.6K0.5790.27N/AN/A5012882,0851,313
2022-05-04$45.14$45.0047.1%13.5%37.7%18.1%48.3%19.9%-1.9%59.0K-1.3M-23.8K0.7464.92N/AN/A4453282,2221,330
2022-05-05$45.47$45.0054.9%13.8%37.7%27.4%52.1%3.1%-1.7%67.2K-1.4M-24.7K0.7578.92N/AN/A4373282,2301,371
2022-05-06$45.57$45.0055.5%13.6%35.5%28.0%46.8%-2.4%0.7%65.6K-1.5M-24.4K0.7689.02N/AN/A4293262,2441,372
2022-05-09$45.99$45.0071.8%13.9%35.1%47.3%49.5%-2.6%3.5%72.2K-1.8M-24.9K0.7686.45N/AN/A4303282,2451,371
2022-05-10$46.38$45.0062.7%15.0%35.0%36.5%56.0%3.1%0.8%76.3K-1.9M-24.8K0.7993.44N/AN/A4153292,2461,391
2022-05-11$46.76$45.0053.6%15.4%33.8%25.8%57.5%9.1%-6.5%86.6K-2.2M-25.3K0.7980.32N/AN/A3913072,2481,390
2022-05-12$46.42$45.0051.2%14.7%31.9%23.0%54.5%5.3%-2.4%75.7K-1.7M-24.7K0.7991.10N/AN/A3913082,2541,395
2022-05-13$49.63$45.0046.4%13.3%39.3%17.3%47.6%2.8%1.2%148.1K-3.4M-26.4K0.6984.47N/AN/A4613162,2541,396
2022-05-16$48.19$45.0049.1%14.1%38.2%20.5%57.1%3.8%0.7%154.5K-3.2M-26.1K1.0489.77N/AN/A3013142,3041,406
2022-05-17$49.30$45.0029.6%8.5%38.7%0.0%32.1%2.0%11.9%205.4K-3.4M-24.8K1.0684.91N/AN/A3153352,3091,411
2022-05-18$48.66$45.0045.7%13.1%38.7%18.4%46.6%0.8%6.2%152.0K-3.0M-25.9K1.1990.37N/AN/A2813352,3281,438
2022-05-19$45.15$45.0051.8%14.9%47.0%25.5%41.5%11.3%0.4%45.8K-1.5M-23.7K1.4198.68N/AN/A2783932,3471,438
2022-05-20$45.72$45.0047.7%13.7%46.8%20.8%49.5%3.2%1.8%25.7K-1.4M-24.2K1.6288.96N/AN/A2664312,3471,482
2022-05-23$46.26$50.0045.3%13.0%46.4%18.0%42.8%7.3%-4.9%23.7K-1.2M-23.5K0.6879.17N/AN/A5563791,9151,395
2022-05-24$47.33$50.0049.1%14.1%45.6%22.4%48.5%5.7%5.0%59.6K-2.0M-25.8K1.0084.57N/AN/A3513522,1991,396
2022-05-25$47.74$50.0043.4%12.4%45.5%15.8%44.6%7.6%3.6%67.4K-2.3M-26.8K0.9281.16N/AN/A3513222,2181,398
2022-05-26$49.19$50.0045.5%13.0%46.1%18.2%45.0%4.3%1.7%87.3K-3.1M-28.6K1.0884.79N/AN/A3463752,2381,400
2022-05-27$51.05$50.0039.8%11.4%45.3%11.6%41.0%-6.0%9.7%102.4K-3.8M-28.7K1.1279.14N/AN/A3704132,2641,456
2022-05-31$50.02$50.0045.6%13.1%46.3%18.3%47.9%17.4%4.0%97.6K-3.2M-27.9K1.1887.98N/AN/A3514152,2731,494