FIZZ Options History — May 2025

In May 2025, FIZZ traded between $43.29 and $45.58. ATM implied volatility averaged 31.2%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 8.9% (HV 20d: 22.3%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2025-05-12: Highest Volume — 69 contracts
  • 2025-05-14: Largest IV drop — 48.4% change
  • 2025-05-09: Highest IV Rank — 35.6%
  • 2025-05-07: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.20$43.29$45.58$43.55$45.12
Max Pain$44.52$40.00$45.00$40.00$45.00
ATM IV31.2%22.5%47.5%29.4%25.7%
Expected Move7.9%6.1%10.1%8.4%7.4%
HV 20d22.3%17.4%30.0%30.0%17.4%
HV 60d27.3%25.5%28.4%28.1%25.8%
IV Rank15.8%5.6%35.6%13.9%8.0%
IV Percentile36.2%2.8%91.7%27.4%10.3%
Term Structure1.4%-21.1%16.9%-7.6%-3.9%
VWIV29.1%19.9%47.5%38.2%27.1%
Skew 25d3.0%-10.6%13.0%10.5%13.0%
Skew 10d5.1%-8.4%20.9%5.7%20.9%
Call IV 25d24.3%14.6%36.4%28.4%17.2%
Put IV 25d27.3%18.2%38.9%38.9%30.2%
Bid-Ask Spread %102.0490.22111.19107.7794.51
Gamma HHI0.290.270.350.280.35
Net GEX22.0K12.4K37.5K12.7K37.5K
Net DEX-465.3K-650.6K-276.8K-288.2K-649.9K
Net VEX-3.2K-3.6K-2.7K-2.9K-3.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.007.000.400.00
Total Volume7.33306970
Total OI538.19491602491556

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$43.55$40.0029.4%8.4%30.0%13.9%38.2%10.5%-7.6%12.7K-288.2K-2.9K0.40107.77N/AN/A52295196
2025-05-02$43.29$40.0031.7%9.1%30.0%16.7%0.0%-4.1%-21.1%12.4K-276.8K-2.9K0.00105.08N/AN/A10298198
2025-05-05$43.81$45.0039.8%6.3%29.0%26.4%0.0%-0.6%10.6%14.3K-312.6K-2.9K0.00106.41N/AN/A100299201
2025-05-06$43.86$45.0036.6%8.6%28.5%22.5%0.0%-1.7%1.0%15.5K-351.4K-3.0K0.0095.01N/AN/A00309201
2025-05-07$43.73$45.0027.7%10.1%26.2%11.9%47.5%-10.6%-18.1%16.4K-344.8K-3.0K6.0098.67N/AN/A16309201
2025-05-08$43.71$45.0037.3%6.1%21.4%23.4%21.8%-1.8%10.6%15.3K-344.2K-2.7K0.00102.70N/AN/A02309206
2025-05-09$43.48$45.0047.5%7.8%20.3%35.6%0.0%1.3%1.2%14.9K-324.7K-2.8K0.00108.93N/AN/A60309206
2025-05-12$43.91$45.0034.9%7.8%20.5%20.5%21.4%7.1%3.0%19.3K-336.0K-2.7K0.0198.63N/AN/A681315206
2025-05-13$43.66$45.0043.5%7.6%20.4%30.8%34.4%5.3%7.0%22.2K-417.6K-3.4K1.5098.53N/AN/A23372206
2025-05-14$43.34$45.0022.5%6.4%20.1%5.6%19.9%3.7%14.8%18.9K-410.0K-3.5K0.50106.31N/AN/A21392209
2025-05-15$44.45$45.0029.6%8.5%21.7%14.1%29.6%2.3%-1.3%26.5K-558.1K-3.5K1.00101.86N/AN/A11393209
2025-05-16$44.92$45.0028.0%8.0%21.8%12.3%0.0%-4.3%-5.2%36.8K-610.4K-3.4K0.00111.19N/AN/A10394208
2025-05-19$45.04$45.0026.8%7.7%21.7%10.7%24.0%4.7%-2.2%28.5K-578.1K-3.1K0.0095.91N/AN/A70361160
2025-05-20$45.58$45.0027.1%7.8%19.1%11.1%0.0%2.2%4.2%27.3K-650.6K-3.4K0.7590.22N/AN/A43368160
2025-05-21$45.43$45.0028.8%8.3%18.5%13.2%28.9%5.7%2.5%25.7K-629.9K-3.6K0.00101.09N/AN/A30371163
2025-05-22$44.35$45.0034.3%9.8%20.5%19.7%0.0%2.1%-1.8%22.4K-578.5K-3.5K0.00104.72N/AN/A01374163
2025-05-23$44.08$45.0027.5%7.9%20.4%11.6%27.5%6.5%1.8%21.6K-491.5K-3.2K0.0094.29N/AN/A30374164
2025-05-27$44.00$45.0022.9%6.6%20.4%6.2%0.0%8.2%16.9%21.2K-510.1K-3.3K0.00108.32N/AN/A100377164
2025-05-28$44.02$45.0025.3%7.3%20.2%7.5%0.0%13.0%12.8%22.8K-500.5K-3.3K7.00110.69N/AN/A17387164
2025-05-29$44.89$45.0027.1%7.8%19.8%9.7%27.1%1.0%5.0%29.1K-607.9K-3.1K0.00101.97N/AN/A20387168
2025-05-30$45.12$45.0025.7%7.4%17.4%8.0%0.0%13.0%-3.9%37.5K-649.9K-3.0K0.0094.51N/AN/A00388168