FIZZ Options History — April 2025

In April 2025, FIZZ traded between $41.22 and $44.68. ATM implied volatility averaged 36.6%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 7.9% (HV 20d: 28.8%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.39.

Notable Days

  • 2025-04-29: Highest Volume — 85 contracts
  • 2025-04-09: Largest IV drop — 31.6% change
  • 2025-04-07: Highest IV Rank — 44.4%
  • 2025-04-07: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.25$41.22$44.68$42.29$44.68
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV36.6%24.1%54.9%35.9%26.2%
Expected Move9.9%6.9%13.8%9.0%7.5%
HV 20d28.8%27.0%30.8%28.6%29.0%
HV 60d27.0%25.0%28.0%25.0%27.8%
IV Rank22.6%7.5%44.4%21.7%10.1%
IV Percentile57.3%5.6%94.8%65.1%12.3%
Term Structure-2.5%-11.5%9.1%-9.4%9.1%
VWIV33.5%24.0%46.0%46.0%32.7%
Skew 25d1.4%-14.7%16.8%-0.1%-2.7%
Skew 10d4.4%-15.0%21.9%1.2%-15.0%
Call IV 25d32.4%18.1%42.6%31.2%31.5%
Put IV 25d33.7%22.9%48.5%31.1%28.8%
Bid-Ask Spread %98.5681.59115.8885.70115.88
Gamma HHI0.510.290.890.660.30
Net GEX40.3K7.7K122.1K49.7K16.3K
Net DEX-439.3K-914.5K-197.4K-365.9K-358.6K
Net VEX-2.2K-2.9K-1.8K-2.5K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.009.000.000.08
Total Volume16.476085140
Total OI630.571283864788456

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$42.29$40.0035.9%9.0%28.6%21.7%0.0%-0.1%-9.4%49.7K-365.9K-2.5K0.0085.70N/AN/A10572216
2025-04-02$41.59$40.0039.7%9.2%29.4%26.2%0.0%1.3%3.0%35.9K-276.9K-2.4K0.0096.33N/AN/A00573216
2025-04-03$41.98$40.0048.7%12.8%28.7%37.0%0.0%11.6%-10.2%42.2K-382.5K-2.6K0.10103.23N/AN/A101573216
2025-04-04$43.02$40.0050.3%13.0%29.9%39.0%46.0%-2.2%-9.5%50.3K-616.0K-2.9K1.00108.10N/AN/A44583216
2025-04-07$42.43$40.0054.9%13.8%27.0%44.4%39.3%6.7%-11.5%49.2K-511.5K-2.6K0.0096.16N/AN/A30584215
2025-04-08$41.22$40.0053.7%11.9%28.4%43.1%37.9%-1.9%-1.0%32.3K-272.3K-2.3K9.0098.64N/AN/A19584215
2025-04-09$43.05$40.0036.8%10.5%30.4%22.7%0.0%-3.5%-2.4%64.5K-575.4K-2.4K1.50102.72N/AN/A23585219
2025-04-10$43.88$40.0036.1%10.4%30.8%21.9%0.0%13.3%0.4%68.2K-759.3K-2.3K0.00100.80N/AN/A10584220
2025-04-11$44.22$40.0035.0%10.0%29.6%20.6%0.0%5.2%2.8%122.1K-914.5K-2.3K0.0099.11N/AN/A40585220
2025-04-14$43.90$40.0035.5%10.2%28.7%21.2%0.0%-11.6%-1.8%91.7K-789.9K-2.0K0.00102.40N/AN/A10584220
2025-04-15$43.38$40.0035.6%10.2%29.1%21.3%0.0%-0.4%-0.8%66.7K-690.0K-2.0K0.00103.99N/AN/A00585220
2025-04-16$42.99$40.0037.4%10.7%28.7%23.5%29.3%4.3%5.4%57.0K-619.4K-1.8K0.22103.56N/AN/A5011585220
2025-04-17$43.39$40.0036.1%10.3%28.5%21.9%0.0%-14.7%-7.5%7.7K-318.3K-1.8K0.0997.72N/AN/A111635229
2025-04-21$43.20$40.0035.3%10.1%27.5%20.9%35.5%-1.3%-2.3%8.2K-197.4K-1.8K0.5092.64N/AN/A63168115
2025-04-22$44.59$40.0028.9%8.3%28.1%13.3%28.2%12.5%1.8%10.8K-262.1K-1.9K0.2989.75N/AN/A72174118
2025-04-23$44.08$40.0031.6%9.1%28.6%16.6%32.7%7.5%1.8%11.5K-254.6K-1.9K0.0281.59N/AN/A591180118
2025-04-24$43.79$40.0025.7%7.4%28.9%9.4%24.0%16.8%1.2%15.3K-293.3K-2.3K0.5090.03N/AN/A21238119
2025-04-25$43.47$40.0024.1%6.9%28.1%7.5%27.5%3.5%-10.7%16.5K-246.5K-2.0K9.0087.39N/AN/A19239120
2025-04-28$43.34$40.0028.2%8.1%28.2%12.5%35.9%-6.7%-5.5%15.3K-249.3K-2.1K1.17108.84N/AN/A67238129
2025-04-29$43.69$40.0033.4%9.6%28.2%18.7%32.7%-9.0%-6.1%15.0K-271.8K-2.3K2.86105.19N/AN/A2263241135
2025-04-30$44.68$40.0026.2%7.5%29.0%10.1%0.0%-2.7%9.1%16.3K-358.6K-2.6K0.08115.88N/AN/A373263193