FIZZ Options History — May 2023

In May 2023, FIZZ traded between $49.26 and $53.47. ATM implied volatility averaged 34.2%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 9.5% (HV 20d: 24.7%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 4.87.

Notable Days

  • 2023-05-04: Highest Volume — 773 contracts
  • 2023-05-02: Largest IV drop — 16.5% change
  • 2023-05-01: Highest IV Rank — 25.8%
  • 2023-05-04: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.41$49.26$53.47$51.30$49.66
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV34.2%31.1%41.0%41.0%32.5%
Expected Move9.9%8.9%12.4%11.8%9.3%
HV 20d24.7%21.7%26.8%26.3%21.7%
HV 60d26.3%25.9%27.0%25.9%26.3%
IV Rank12.2%5.9%25.8%25.8%8.8%
IV Percentile12.6%3.6%34.1%34.1%8.7%
Term Structure0.6%-17.8%11.6%-17.8%1.8%
VWIV33.3%28.6%41.7%38.9%33.0%
Skew 25d6.0%0.9%11.5%5.6%10.3%
Skew 10d8.4%-4.3%19.3%2.3%16.5%
Call IV 25d29.9%25.5%38.5%28.0%28.0%
Put IV 25d35.9%30.7%43.4%33.6%38.3%
Bid-Ask Spread %89.5374.82100.6374.8297.98
Gamma HHI0.510.260.810.470.27
Net GEX-126.2K-414.9K42.8K-71.1K14.7K
Net DEX-622.1K-1.5M449.6K-315.8K-539.0K
Net VEX-9.8K-11.9K-7.8K-10.7K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.870.0026.001.650.00
Total Volume66.0452773612
Total OI1,872.8641,1402,3771,7331,326

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$51.30$50.0041.0%11.8%26.3%25.8%38.9%5.6%-17.8%-71.1K-315.8K-10.7K1.6574.82N/AN/A2338800933
2023-05-02$51.97$50.0034.2%9.8%26.8%12.2%32.0%5.0%2.3%-78.6K-709.8K-10.9K0.7582.09N/AN/A43819952
2023-05-03$53.17$50.0033.0%9.5%25.1%9.8%36.6%8.5%-0.6%-42.7K-1.2M-10.5K1.3075.30N/AN/A2026822952
2023-05-04$53.47$50.0033.6%12.4%25.1%11.0%41.7%0.9%-8.1%-40.7K-1.4M-11.0K20.4799.22N/AN/A36737835969
2023-05-05$52.18$50.0033.3%10.1%26.5%10.4%28.6%5.5%-0.1%-187.0K-386.8K-11.9K0.2287.39N/AN/A3278451,412
2023-05-08$51.87$50.0035.2%9.9%26.5%14.2%0.0%5.1%7.6%-220.3K-188.5K-11.5K0.1582.43N/AN/A2038421,410
2023-05-09$51.66$50.0036.6%9.7%26.0%17.0%33.2%6.6%0.7%-233.3K-49.3K-11.5K26.0084.80N/AN/A2528451,412
2023-05-10$51.62$50.0033.7%9.7%25.4%11.1%0.0%5.9%3.0%-256.6K-109.3K-11.1K0.2590.52N/AN/A1238471,451
2023-05-11$51.64$50.0031.7%9.1%25.4%7.2%31.5%3.4%2.4%-278.1K79.0K-11.4K0.0093.21N/AN/A058591,450
2023-05-12$51.86$50.0035.6%10.2%24.0%15.0%34.1%3.5%-2.3%-252.7K-205.6K-10.7K0.0092.42N/AN/A048591,451
2023-05-15$51.87$50.0035.6%10.2%23.7%14.9%34.2%3.4%2.0%-413.9K-461.8K-9.5K1.1993.81N/AN/A21258591,455
2023-05-16$50.94$50.0033.5%9.6%24.7%10.7%0.0%6.9%-2.0%-414.9K449.6K-9.6K0.0584.51N/AN/A7348791,457
2023-05-17$51.62$50.0034.4%9.9%23.9%12.7%29.4%5.9%2.6%-367.2K-442.1K-9.9K4.00100.63N/AN/A149181,459
2023-05-18$52.08$50.0037.8%10.8%23.2%19.3%34.9%11.5%0.0%-161.8K-1.3M-8.9K9.0092.25N/AN/A199181,455
2023-05-19$52.27$50.0032.1%9.2%23.2%7.9%0.0%4.1%11.6%42.8K-1.5M-8.3K0.7392.04N/AN/A1189191,456
2023-05-22$50.73$50.0031.1%8.9%25.6%5.9%31.1%3.7%1.1%35.5K-1.1M-7.8K1.5677.64N/AN/A2539786354
2023-05-23$51.42$50.0032.4%9.3%24.6%8.6%29.4%6.0%1.3%39.8K-1.2M-8.4K4.3391.12N/AN/A626809391
2023-05-24$50.58$50.0037.4%10.7%24.5%18.6%0.0%7.2%1.3%35.2K-991.8K-8.1K0.0996.82N/AN/A353815385
2023-05-25$49.89$50.0033.0%9.5%24.8%9.8%32.3%9.9%0.2%30.3K-839.7K-8.1K1.5092.09N/AN/A23850388
2023-05-26$50.00$50.0031.7%9.1%24.8%7.2%31.7%6.3%4.1%31.2K-846.5K-8.0K24.0090.98N/AN/A496850388
2023-05-30$49.26$50.0033.0%9.5%22.0%9.8%33.0%5.9%1.5%13.4K-430.4K-8.3K0.1797.48N/AN/A244850471
2023-05-31$49.66$50.0032.5%9.3%21.7%8.8%0.0%10.3%1.8%14.7K-539.0K-8.5K0.0097.98N/AN/A20854472