FIZZ Options History — April 2023

In April 2023, FIZZ traded between $48.89 and $52.81. ATM implied volatility averaged 32.6%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 6.3% (HV 20d: 26.3%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 1.49.

Notable Days

2023-04-21: Highest Volume — 90 contracts
2023-04-13: Largest IV drop — 18.1% change
2023-04-12: Highest IV Rank — 20.7%
2023-04-10: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.59	$48.89	$52.81	$52.81	$49.61
Max Pain	$49.21	$45.00	$50.00	$45.00	$50.00
ATM IV	32.6%	28.1%	38.5%	28.1%	31.8%
Expected Move	9.5%	8.1%	11.5%	8.1%	9.1%
HV 20d	26.3%	22.6%	31.6%	28.4%	23.5%
HV 60d	26.6%	25.5%	27.7%	27.6%	25.5%
IV Rank	9.0%	0.0%	20.7%	0.0%	7.4%
IV Percentile	5.1%	0.0%	15.9%	0.0%	5.2%
Term Structure	0.3%	-9.1%	4.1%	4.1%	0.1%
VWIV	34.4%	27.1%	42.7%	37.8%	32.9%
Skew 25d	4.7%	-4.7%	12.4%	4.0%	10.3%
Skew 10d	8.2%	-2.8%	27.2%	-2.8%	17.1%
Call IV 25d	31.5%	27.0%	35.4%	32.9%	27.9%
Put IV 25d	36.2%	28.0%	43.9%	36.8%	38.2%
Bid-Ask Spread %	81.68	60.43	100.31	95.50	72.21
Gamma HHI	0.47	0.37	0.57	0.37	0.56
Net GEX	-62.4K	-114.5K	27.4K	27.4K	-114.4K
Net DEX	-301.2K	-1.6M	635.9K	-1.6M	433.2K
Net VEX	-11.6K	-13.3K	-10.7K	-13.1K	-10.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.49	0.02	13.00	13.00	0.28
Total Volume	32.842	1	90	28	23
Total OI	2,483.263	1,642	2,856	2,715	1,732

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
2023-04-03	$52.81	$45.00	28.1%	8.1%	28.4%	0.0%	37.8%	4.0%	4.1%	27.4K	-1.6M	-13.1K	13.00	95.50	N/A	N/A	2	26	1,131	1,584
2023-04-04	$51.09	$45.00	32.5%	9.3%	31.6%	8.8%	40.0%	2.7%	4.0%	-13.0K	-745.7K	-12.7K	0.40	100.31	N/A	N/A	52	21	1,132	1,579
2023-04-05	$50.89	$45.00	33.2%	9.5%	30.9%	10.1%	41.0%	-0.5%	1.9%	-18.8K	-565.8K	-12.9K	0.02	96.30	N/A	N/A	52	1	1,134	1,585
2023-04-06	$51.50	$50.00	33.9%	9.9%	30.0%	11.5%	0.0%	1.8%	3.7%	-2.3K	-888.0K	-13.3K	0.33	83.91	N/A	N/A	6	2	1,147	1,585
2023-04-10	$51.88	$50.00	31.0%	11.5%	29.8%	5.8%	0.0%	7.0%	-9.1%	9.9K	-1.0M	-12.6K	0.32	89.05	N/A	N/A	31	10	1,144	1,585
2023-04-11	$51.16	$50.00	34.2%	10.4%	28.2%	12.2%	0.0%	11.3%	-0.3%	-20.1K	-748.9K	-12.9K	0.00	89.61	N/A	N/A	0	3	1,141	1,590
2023-04-12	$50.42	$50.00	38.5%	11.0%	26.9%	20.7%	42.7%	2.4%	-8.4%	-32.8K	-354.6K	-12.1K	1.00	92.07	N/A	N/A	5	5	1,141	1,591
2023-04-13	$50.33	$50.00	31.5%	9.0%	26.3%	6.7%	31.8%	-2.9%	1.8%	-76.9K	-149.3K	-11.5K	0.02	87.54	N/A	N/A	51	1	1,140	1,592
2023-04-14	$49.28	$50.00	34.1%	9.8%	26.1%	12.0%	42.7%	9.8%	0.3%	-76.4K	280.2K	-11.5K	4.29	81.37	N/A	N/A	7	30	1,178	1,587
2023-04-17	$48.89	$50.00	32.0%	9.2%	23.9%	7.9%	37.4%	4.0%	3.7%	-100.2K	619.2K	-10.8K	1.35	80.03	N/A	N/A	17	23	1,180	1,615
2023-04-18	$49.41	$50.00	33.3%	9.5%	24.2%	10.4%	32.4%	6.0%	1.3%	-95.7K	398.9K	-10.7K	0.00	78.40	N/A	N/A	0	21	1,189	1,638
2023-04-19	$50.49	$50.00	35.5%	10.2%	25.4%	14.9%	32.4%	12.4%	-2.8%	-78.9K	-295.4K	-10.8K	0.00	80.63	N/A	N/A	0	30	1,192	1,637
2023-04-20	$51.46	$50.00	32.8%	9.4%	25.2%	9.4%	31.5%	6.9%	-0.5%	-86.9K	-832.4K	-11.0K	0.25	72.67	N/A	N/A	8	2	1,192	1,660
2023-04-21	$51.55	$50.00	30.8%	8.8%	25.2%	5.3%	30.6%	8.5%	2.8%	-90.6K	-987.6K	-10.9K	0.10	75.23	N/A	N/A	82	8	1,196	1,660
2023-04-24	$51.29	$50.00	32.0%	9.2%	22.6%	7.8%	27.1%	6.2%	-1.1%	-88.9K	-261.6K	-10.9K	0.04	60.43	N/A	N/A	50	2	723	919
2023-04-25	$50.13	$50.00	31.5%	9.0%	23.4%	6.8%	31.8%	-4.7%	2.5%	-101.5K	67.7K	-11.0K	0.71	64.95	N/A	N/A	7	5	763	920
2023-04-26	$49.27	$50.00	30.7%	8.8%	23.9%	5.1%	30.7%	0.8%	2.0%	-114.5K	635.9K	-10.8K	0.00	76.32	N/A	N/A	0	1	770	930
2023-04-27	$49.77	$50.00	31.9%	9.1%	24.0%	7.6%	27.6%	3.8%	0.2%	-111.2K	325.7K	-10.7K	0.25	75.46	N/A	N/A	32	8	770	930
2023-04-28	$49.61	$50.00	31.8%	9.1%	23.5%	7.4%	32.9%	10.3%	0.1%	-114.4K	433.2K	-10.8K	0.28	72.21	N/A	N/A	18	5	794	938