FIZZ Options History — March 2025

In March 2025, FIZZ traded between $39.25 and $42.84. ATM implied volatility averaged 33.6%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 2.9% (HV 20d: 30.7%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.97.

Notable Days

  • 2025-03-31: Highest Volume — 54 contracts
  • 2025-03-11: Largest IV spike — 42.6% change
  • 2025-03-03: Highest IV Rank — 37.8%
  • 2025-03-03: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.82$39.25$42.84$40.49$41.91
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV33.6%23.7%49.3%49.3%35.6%
Expected Move10.1%7.0%14.1%14.1%9.2%
HV 20d30.7%26.1%34.6%27.8%28.5%
HV 60d25.0%23.0%28.2%27.9%24.9%
IV Rank19.0%7.1%37.8%37.8%21.3%
IV Percentile48.8%4.8%91.7%91.7%64.7%
Term Structure0.9%-13.7%16.8%-13.7%-2.9%
VWIV34.0%20.1%49.0%49.0%34.4%
Skew 25d0.6%-12.9%11.7%2.5%2.8%
Skew 10d0.7%-11.7%24.2%2.5%14.0%
Call IV 25d31.9%21.0%41.9%38.5%32.9%
Put IV 25d32.5%20.4%42.7%41.1%35.7%
Bid-Ask Spread %93.1682.74115.1785.2082.74
Gamma HHI0.570.430.760.490.63
Net GEX23.8K-2.2K43.8K17.8K42.1K
Net DEX-25.4K-514.1K539.5K9.5K-349.0K
Net VEX-3.0K-3.9K-2.1K-3.7K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.0010.000.561.16
Total Volume15.3810541454
Total OI864.762715951853747

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$40.49$40.0049.3%14.1%27.8%37.8%49.0%2.5%-13.7%17.8K9.5K-3.7K0.5685.20N/AN/A95547306
2025-03-04$40.33$40.0041.7%12.0%26.8%28.6%41.8%-0.8%-5.3%20.7K-29.4K-3.7K0.1787.46N/AN/A61556311
2025-03-05$40.45$40.0044.1%12.7%26.1%31.6%0.0%3.4%5.4%19.9K17.8K-3.5K0.0092.66N/AN/A150561311
2025-03-06$41.25$40.0044.0%12.6%27.0%31.4%43.6%-0.9%-0.4%27.0K-167.5K-3.8K2.0787.36N/AN/A1429577311
2025-03-07$41.20$40.0037.4%10.7%26.8%23.5%37.4%11.7%16.8%16.4K65.2K-3.2K0.2095.97N/AN/A102578332
2025-03-10$42.84$40.0024.3%7.0%29.9%7.7%24.5%4.7%-0.7%31.6K-514.1K-3.9K0.05103.77N/AN/A372578336
2025-03-11$42.16$40.0034.6%12.7%30.7%20.1%34.9%1.7%-0.5%31.7K-293.5K-3.8K0.7596.25N/AN/A43589336
2025-03-12$40.94$40.0034.2%11.1%32.4%19.6%38.7%0.7%1.2%25.9K-30.9K-3.6K0.2594.05N/AN/A123589337
2025-03-13$40.66$40.0032.2%10.5%32.4%17.2%36.5%-0.4%0.3%23.8K59.8K-3.2K0.0593.74N/AN/A201588336
2025-03-14$39.91$40.0032.8%8.6%33.1%17.9%28.7%-2.3%1.9%24.0K158.4K-3.1K0.4097.51N/AN/A52598334
2025-03-17$41.02$40.0031.1%9.4%34.5%15.9%34.2%-1.6%2.3%29.6K8.3K-3.0K0.3185.19N/AN/A134598335
2025-03-18$40.86$40.0032.3%9.4%34.1%17.4%0.0%11.1%1.4%43.8K2.5K-2.9K0.3085.82N/AN/A103600339
2025-03-19$40.23$40.0031.6%8.8%34.6%16.5%0.0%0.1%0.1%22.8K198.0K-2.7K0.0092.61N/AN/A02610341
2025-03-20$39.95$0.0032.7%10.3%34.6%17.8%0.0%0.3%8.2%29.3K230.0K-2.6K0.00115.17N/AN/A03610340
2025-03-21$39.25$0.0030.1%8.7%32.1%14.8%30.4%-3.0%0.3%-2.2K539.5K-2.1K10.00100.88N/AN/A110610338
2025-03-24$40.30$40.0027.9%8.4%33.5%12.1%28.5%1.7%1.7%8.4K26.8K-2.1K0.1188.47N/AN/A182530185
2025-03-25$40.22$40.0024.0%8.1%32.5%7.4%20.1%-10.2%0.7%8.5K21.5K-2.1K0.8390.83N/AN/A65548186
2025-03-26$40.34$40.0023.7%8.9%29.6%7.1%0.0%-12.9%0.8%13.7K-25.1K-2.2K0.00101.27N/AN/A00554190
2025-03-27$41.32$40.0030.7%8.7%29.2%15.4%27.4%1.3%-0.0%29.8K-190.3K-2.4K0.0083.95N/AN/A40554190
2025-03-28$41.57$40.0032.2%9.7%28.9%17.3%0.0%3.1%2.0%36.2K-270.6K-2.5K0.3395.43N/AN/A62554190
2025-03-31$41.91$40.0035.6%9.2%28.5%21.3%34.4%2.8%-2.9%42.1K-349.0K-2.5K1.1682.74N/AN/A2529559188