FIZZ Options History — May 2024

In May 2024, FIZZ traded between $44.91 and $48.50. ATM implied volatility averaged 33.1%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 10.4% (HV 20d: 22.7%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.80.

Notable Days

  • 2024-05-17: Highest Volume — 246 contracts
  • 2024-05-23: Largest IV spike — 108.0% change
  • 2024-05-14: Highest IV Rank — 63.2%
  • 2024-05-01: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.69$44.91$48.50$44.91$46.19
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV33.1%17.8%51.9%45.6%32.4%
Expected Move8.4%5.1%13.1%13.1%9.3%
HV 20d22.7%15.1%26.6%20.4%15.1%
HV 60d23.9%22.6%26.1%24.3%22.8%
IV Rank27.2%0.0%63.2%49.9%27.6%
IV Percentile42.4%0.0%94.4%90.5%42.9%
Term Structure0.2%-16.4%15.9%-16.4%1.1%
VWIV26.6%19.3%33.5%33.5%31.1%
Skew 25d7.3%-7.0%28.0%16.1%28.0%
Skew 10d12.2%-5.4%59.4%1.3%59.2%
Call IV 25d24.0%14.9%35.4%19.3%23.7%
Put IV 25d31.3%19.9%61.6%35.4%51.8%
Bid-Ask Spread %99.0781.10113.1981.10102.15
Gamma HHI0.400.370.490.410.37
Net GEX20.6K-10.8K70.3K-10.7K10.6K
Net DEX-868.6K-1.9M-39.2K-39.2K-525.3K
Net VEX-11.7K-13.2K-10.8K-12.9K-11.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.800.0012.310.405.63
Total Volume58.591024614159
Total OI1,894.3641,7031,9911,9741,867

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$44.91$45.0045.6%13.1%20.4%49.9%33.5%16.1%-16.4%-10.7K-39.2K-12.9K0.4081.10N/AN/A1041,112862
2024-05-02$46.89$45.0019.7%5.6%26.6%0.0%20.0%-7.0%15.9%-10.8K-777.1K-13.2K0.2890.61N/AN/A1851,113863
2024-05-03$46.47$45.0030.5%8.7%26.4%21.3%24.8%4.3%-8.2%-7.7K-654.4K-13.1K12.31103.21N/AN/A131601,128860
2024-05-06$46.30$45.0027.8%7.7%24.2%15.8%0.0%-0.8%0.5%-218-730.9K-12.2K0.0092.41N/AN/A101,139763
2024-05-07$47.30$45.0039.4%7.8%25.6%38.7%24.3%-0.6%-2.3%26.6K-1.2M-12.5K0.2096.96N/AN/A2551,141763
2024-05-08$47.49$45.0043.8%8.9%24.3%47.3%0.0%1.3%-7.5%32.2K-1.3M-12.4K0.0095.20N/AN/A1701,164768
2024-05-09$47.69$45.0036.8%7.4%24.3%33.6%24.4%1.5%2.5%36.8K-1.4M-12.4K0.5090.11N/AN/A211,152768
2024-05-10$48.05$45.0029.7%7.1%24.0%19.7%26.1%-2.3%3.0%43.5K-1.6M-12.0K0.5092.85N/AN/A841,152769
2024-05-13$48.50$45.0045.7%7.3%23.8%51.1%25.6%0.7%2.6%70.3K-1.9M-11.6K0.1093.29N/AN/A184181,159767
2024-05-14$48.05$45.0051.9%9.7%22.4%63.2%20.1%2.7%-1.3%50.1K-1.7M-11.5K0.07100.34N/AN/A8361,202781
2024-05-15$47.67$45.0025.1%7.2%22.8%10.7%19.3%9.5%9.3%48.0K-1.4M-11.4K0.00106.91N/AN/A101,203781
2024-05-16$47.27$45.0026.8%7.7%23.0%13.9%0.0%-0.4%-0.1%37.9K-1.3M-11.1K0.33106.59N/AN/A48161,204781
2024-05-17$46.99$45.0032.1%9.2%22.6%24.4%30.3%6.3%-2.5%38.7K-1.3M-10.9K1.3797.27N/AN/A1041421,203788
2024-05-20$46.76$45.0026.1%7.5%22.1%12.6%24.7%6.7%7.7%20.3K-860.1K-11.2K0.57104.14N/AN/A2816995708
2024-05-21$46.26$45.0032.3%9.2%22.2%24.7%32.9%16.9%-1.3%23.7K-569.5K-11.2K0.00107.03N/AN/A0581,018723
2024-05-22$46.25$45.0017.8%5.1%22.2%0.0%26.3%-1.5%8.5%11.8K-549.8K-10.8K0.00108.73N/AN/A401,018743
2024-05-23$45.51$45.0037.0%10.6%21.7%36.4%25.7%27.8%-6.4%11.7K-410.3K-11.2K1.58113.19N/AN/A45711,021743
2024-05-24$45.93$45.0029.8%8.5%21.8%22.7%30.0%11.1%1.0%7.7K-348.8K-11.6K0.27106.28N/AN/A1541,066787
2024-05-28$45.70$45.0031.9%9.1%22.0%26.7%32.6%2.3%2.0%7.1K-270.7K-11.3K12.0098.37N/AN/A1121,080787
2024-05-29$45.45$45.0028.2%8.1%21.4%19.8%0.0%11.1%2.6%-1.4K-84.9K-11.1K0.0095.40N/AN/A101,080787
2024-05-30$45.53$45.0037.7%10.8%21.2%37.6%0.0%26.2%-7.4%6.3K-187.2K-11.4K0.0097.34N/AN/A001,080787
2024-05-31$46.19$45.0032.4%9.3%15.1%27.6%31.1%28.0%1.1%10.6K-525.3K-11.1K5.63102.15N/AN/A241351,080787