FIZZ Options History — February 2023

In February 2023, FIZZ traded between $44.06 and $46.91. ATM implied volatility averaged 48.5%, placing in the 42.1% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 21.7% (HV 20d: 26.9%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 2.35.

Notable Days

2023-02-17: Highest Volume — 104 contracts
2023-02-23: Largest IV spike — 29.1% change
2023-02-28: Highest IV Rank — 69.9%
2023-02-28: Largest Expected Move — 17.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.56	$44.06	$46.91	$45.64	$46.91
Max Pain	$41.32	$40.00	$45.00	$45.00	$45.00
ATM IV	48.5%	38.6%	61.0%	39.5%	61.0%
Expected Move	13.6%	11.1%	17.5%	11.3%	17.5%
HV 20d	26.9%	22.5%	35.1%	35.1%	22.5%
HV 60d	35.8%	33.1%	38.9%	38.7%	33.1%
IV Rank	42.1%	19.9%	69.9%	22.0%	69.9%
IV Percentile	60.0%	13.1%	94.0%	18.7%	94.0%
Term Structure	-8.0%	-21.3%	2.7%	0.2%	-16.8%
VWIV	45.0%	34.1%	57.5%	39.5%	38.3%
Skew 25d	12.5%	0.6%	29.3%	17.3%	25.5%
Skew 10d	16.1%	-7.1%	35.1%	24.5%	35.1%
Call IV 25d	38.6%	29.6%	45.2%	29.6%	37.0%
Put IV 25d	51.2%	42.3%	62.5%	47.0%	62.4%
Bid-Ask Spread %	94.12	80.91	103.63	101.82	91.24
Gamma HHI	0.22	0.20	0.25	0.20	0.21
Net GEX	-543	-14.0K	15.3K	-6.0K	13.0K
Net DEX	-561.3K	-893.0K	-182.3K	-410.5K	-845.5K
Net VEX	-7.9K	-8.8K	-7.2K	-8.0K	-8.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.35	0.00	7.50	0.06	0.30
Total Volume	30.947	0	104	37	1
Total OI	1,548.947	1,435	1,712	1,435	1,712

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-02-01	$45.64	$45.00	39.5%	11.3%	35.1%	22.0%	39.5%	17.3%	0.2%	-6.0K	-410.5K	-8.0K	0.06	101.82	N/A	N/A	35	2	656	779
2023-02-02	$44.66	$40.00	49.7%	12.4%	33.4%	44.7%	42.1%	3.0%	-5.1%	-8.2K	-330.5K	-8.2K	0.13	93.60	N/A	N/A	15	2	691	778
2023-02-03	$44.95	$40.00	48.1%	12.6%	32.0%	41.1%	39.6%	14.3%	-8.4%	-3.3K	-462.9K	-8.0K	3.33	96.70	N/A	N/A	3	10	705	780
2023-02-06	$45.08	$40.00	47.9%	11.7%	29.2%	40.8%	0.0%	0.6%	-1.5%	-3.8K	-429.6K	-7.7K	0.00	91.77	N/A	N/A	0	9	707	789
2023-02-07	$44.20	$40.00	45.1%	13.0%	28.8%	34.4%	0.0%	0.8%	-9.1%	-12.8K	-261.3K	-7.7K	0.00	92.78	N/A	N/A	0	0	707	794
2023-02-08	$44.31	$40.00	38.6%	11.1%	28.7%	19.9%	0.0%	7.3%	2.7%	-10.2K	-318.0K	-7.5K	0.00	95.12	N/A	N/A	0	0	707	794
2023-02-09	$44.06	$40.00	41.9%	12.0%	28.7%	27.4%	0.0%	2.3%	-3.9%	-14.0K	-182.3K	-7.5K	0.00	92.23	N/A	N/A	0	5	707	794
2023-02-10	$44.76	$40.00	43.2%	12.4%	29.2%	30.2%	0.0%	7.0%	-7.5%	-8.4K	-428.7K	-7.4K	0.00	92.98	N/A	N/A	30	0	709	799
2023-02-13	$45.55	$40.00	46.9%	13.4%	29.4%	38.4%	0.0%	15.6%	-8.8%	-1.1K	-559.3K	-8.1K	0.00	95.35	N/A	N/A	0	0	724	799
2023-02-14	$45.11	$40.00	43.3%	12.4%	29.6%	30.4%	48.9%	9.0%	-4.1%	-5.4K	-515.7K	-7.3K	0.00	96.55	N/A	N/A	0	30	724	799
2023-02-15	$45.97	$40.00	49.0%	14.1%	23.6%	43.2%	34.1%	29.3%	-9.4%	378	-636.2K	-7.2K	0.36	103.63	N/A	N/A	14	5	724	829
2023-02-16	$45.85	$40.00	53.4%	15.3%	22.9%	53.0%	52.5%	17.7%	-9.7%	-10.8K	-612.1K	-7.3K	7.20	102.18	N/A	N/A	10	72	726	834
2023-02-17	$46.20	$40.00	49.2%	14.1%	22.9%	43.6%	42.8%	18.2%	-7.7%	8.7K	-751.4K	-7.4K	6.43	95.30	N/A	N/A	14	90	730	906
2023-02-21	$46.03	$40.00	58.1%	16.6%	22.7%	63.3%	46.8%	10.8%	-21.3%	4.3K	-606.5K	-7.6K	0.06	96.46	N/A	N/A	32	2	672	829
2023-02-22	$46.74	$40.00	46.5%	13.3%	22.8%	37.5%	46.4%	14.5%	-4.6%	15.3K	-868.5K	-7.8K	1.33	80.91	N/A	N/A	36	48	702	831
2023-02-23	$46.76	$45.00	60.0%	17.2%	22.7%	67.7%	52.0%	21.1%	-16.7%	10.0K	-893.0K	-8.8K	7.50	95.47	N/A	N/A	10	75	738	872
2023-02-24	$46.11	$45.00	46.8%	13.4%	23.5%	38.2%	57.5%	9.2%	-3.2%	7.5K	-668.2K	-8.6K	1.50	91.69	N/A	N/A	10	15	748	946
2023-02-27	$46.72	$45.00	54.0%	15.5%	22.7%	54.2%	38.3%	14.3%	-17.4%	14.6K	-884.6K	-8.5K	0.30	82.56	N/A	N/A	10	3	758	931
2023-02-28	$46.91	$45.00	61.0%	17.5%	22.5%	69.9%	0.0%	25.5%	-16.8%	13.0K	-845.5K	-8.8K	0.00	91.24	N/A	N/A	0	1	768	944