FIZZ Options History — March 2024

In March 2024, FIZZ traded between $46.73 and $51.99. ATM implied volatility averaged 38.1%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 15.4% (HV 20d: 22.8%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.72.

Notable Days

  • 2024-03-18: Highest Volume — 252 contracts
  • 2024-03-21: Largest IV spike — 40.1% change
  • 2024-03-05: Highest IV Rank — 80.7%
  • 2024-03-01: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.59$46.73$51.99$51.73$47.31
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV38.1%20.8%66.9%49.6%23.6%
Expected Move9.3%6.0%14.2%14.2%6.8%
HV 20d22.8%17.3%27.9%25.1%17.3%
HV 60d29.5%26.1%32.4%32.3%26.1%
IV Rank31.7%0.3%80.7%50.5%5.8%
IV Percentile49.2%0.4%99.2%92.9%1.2%
Term Structure-1.3%-15.4%12.8%-12.8%6.2%
VWIV33.1%25.0%46.7%46.7%27.4%
Skew 25d1.2%-7.2%8.0%-1.0%-2.0%
Skew 10d2.0%-37.8%24.0%-37.8%3.2%
Call IV 25d32.1%25.7%52.4%52.4%26.9%
Put IV 25d33.4%25.0%51.4%51.4%25.0%
Bid-Ask Spread %91.0766.94103.0599.1193.41
Gamma HHI0.300.250.360.270.34
Net GEX28.6K-12.9K59.3K53.0K25.1K
Net DEX-512.5K-1.3M245.7K-1.2M-443.4K
Net VEX-8.0K-10.0K-6.1K-7.7K-9.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.720.0013.250.070.00
Total Volume46.4562521610
Total OI1,284.31,0321,4791,1861,479

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$51.73$50.0049.6%14.2%25.1%50.5%46.7%-1.0%-12.8%53.0K-1.2M-7.7K0.0799.11N/AN/A151733453
2024-03-04$51.99$50.0052.1%11.0%24.3%54.9%0.0%4.5%0.5%56.0K-1.3M-7.7K0.1281.29N/AN/A253740454
2024-03-05$51.86$50.0066.9%10.5%24.2%80.7%33.8%-7.2%0.4%47.8K-1.3M-7.6K0.0082.46N/AN/A230743455
2024-03-06$51.24$50.0060.8%11.4%24.9%69.9%38.5%4.4%-6.7%59.3K-1.2M-7.6K1.0066.94N/AN/A1111760455
2024-03-07$50.53$50.0052.8%10.8%25.8%56.0%42.1%2.0%-1.8%49.1K-877.0K-7.5K3.3385.81N/AN/A310760457
2024-03-08$49.56$50.0040.7%9.5%26.9%34.9%40.7%1.0%2.2%48.2K-632.1K-7.0K4.0083.43N/AN/A312761465
2024-03-11$48.47$50.0055.0%8.6%27.9%60.0%31.6%1.7%0.7%29.8K-410.0K-6.9K0.2080.58N/AN/A51760476
2024-03-12$48.45$50.0033.1%8.5%25.6%21.8%30.1%1.0%1.1%51.5K-203.0K-6.1K3.5592.05N/AN/A1139760476
2024-03-13$47.52$50.0033.1%9.5%24.7%21.8%34.5%-0.2%0.4%9.8K2.4K-6.6K13.2594.43N/AN/A453786488
2024-03-14$47.27$50.0033.1%9.5%20.9%24.9%30.4%-0.3%-13.6%2.1K102.7K-6.5K0.0692.80N/AN/A1237792512
2024-03-15$46.92$50.0032.4%9.3%20.4%23.6%31.3%2.5%0.3%-12.9K245.7K-6.5K0.2694.67N/AN/A236823512
2024-03-18$48.00$50.0032.9%9.4%22.1%24.6%30.5%0.2%-1.9%-2.3K-84.0K-7.0K0.1695.33N/AN/A21735608424
2024-03-19$47.59$50.0028.9%8.3%21.6%16.5%27.0%1.0%-0.6%11.7K-317.0K-8.9K0.0293.96N/AN/A651758455
2024-03-20$47.55$50.0020.8%6.0%21.5%0.3%25.0%5.5%4.7%21.2K-488.6K-8.7K0.0098.40N/AN/A440823456
2024-03-21$47.50$50.0029.1%8.3%21.5%16.9%0.0%-2.3%-15.4%25.1K-468.1K-9.0K0.0894.24N/AN/A615875456
2024-03-22$47.25$50.0027.7%7.9%20.4%14.1%26.7%2.0%3.2%26.3K-479.2K-9.4K6.2596.57N/AN/A850917461
2024-03-25$47.30$50.0029.9%8.6%20.4%18.5%0.0%8.0%12.8%26.6K-486.6K-10.0K0.00103.05N/AN/A210924511
2024-03-26$46.73$50.0034.2%9.8%19.6%27.2%0.0%3.8%-8.3%23.8K-348.6K-9.7K2.0097.29N/AN/A24945511
2024-03-27$47.01$50.0025.8%7.4%20.0%10.2%0.0%0.3%3.5%20.4K-281.7K-9.5K0.0095.61N/AN/A170947515
2024-03-28$47.31$50.0023.6%6.8%17.3%5.8%27.4%-2.0%6.2%25.1K-443.4K-9.6K0.0093.41N/AN/A100964515