FIZZ Options History — December 2025

In December 2025, FIZZ traded between $31.81 and $35.55. ATM implied volatility averaged 38.0%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 1.4% (HV 20d: 36.6%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.86.

Notable Days

  • 2025-12-19: Highest Volume — 90 contracts
  • 2025-12-19: Largest IV spike — 55.5% change
  • 2025-12-15: Highest IV Rank — 69.3%
  • 2025-12-15: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.42$31.81$35.55$35.27$32.03
Max Pain$37.50$35.00$40.00$35.00$35.00
ATM IV38.0%26.1%53.1%34.5%41.0%
Expected Move10.7%7.5%15.2%9.9%11.8%
HV 20d36.6%31.0%40.9%33.7%31.2%
HV 60d31.0%28.4%32.2%28.4%31.5%
IV Rank38.6%14.6%69.3%31.5%44.7%
IV Percentile63.8%12.3%97.6%56.7%83.7%
Term Structure-7.3%-30.1%11.0%-6.2%-15.4%
VWIV35.3%19.5%53.1%40.9%29.6%
Skew 25d4.8%-9.2%38.7%11.4%-1.9%
Skew 10d14.1%-1.5%57.7%32.5%19.3%
Call IV 25d31.3%22.2%49.8%34.5%29.2%
Put IV 25d36.1%20.7%79.9%45.9%27.3%
Bid-Ask Spread %107.1499.23112.12107.67105.79
Gamma HHI0.500.300.750.730.36
Net GEX28.4K7.2K64.4K50.9K7.2K
Net DEX-284.3K-685.2K-17.2K-473.7K-85.4K
Net VEX-3.0K-4.5K-2.0K-3.8K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.003.000.101.00
Total Volume25.455090544
Total OI1,546.9551,2311,8141,5291,262

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$35.27$35.0034.5%9.9%33.7%31.5%40.9%11.4%-6.2%50.9K-473.7K-3.8K0.10107.67N/AN/A4951,293236
2025-12-02$35.25$35.0046.5%13.3%31.0%55.8%42.6%38.7%-9.2%52.4K-430.0K-3.7K0.0099.23N/AN/A101,332241
2025-12-03$35.27$35.0048.5%13.9%31.0%60.0%31.6%-7.4%-30.1%61.8K-618.1K-4.3K0.85102.54N/AN/A13111,333239
2025-12-04$34.71$40.0039.4%8.3%31.7%41.5%28.9%15.0%2.6%47.7K-336.4K-3.5K0.92107.28N/AN/A13121,342246
2025-12-05$32.93$40.0049.9%8.5%36.3%62.9%32.2%-1.4%6.4%16.0K-43.3K-2.5K1.18109.17N/AN/A38451,355256
2025-12-08$34.02$40.0029.3%11.6%38.0%20.9%0.0%7.8%-3.5%36.5K-403.3K-3.7K0.00112.12N/AN/A001,387299
2025-12-09$34.45$40.0040.6%13.4%38.2%44.0%0.0%5.0%-11.7%39.5K-502.6K-3.9K0.13111.40N/AN/A1621,387299
2025-12-10$35.55$40.0032.5%9.3%38.9%27.4%37.1%2.7%3.6%64.4K-685.2K-4.5K0.46105.35N/AN/A24111,376301
2025-12-11$35.04$40.0047.1%13.5%38.8%57.1%0.0%2.6%-16.8%50.2K-659.9K-4.3K0.26109.79N/AN/A3591,395313
2025-12-12$33.83$40.0046.2%13.2%40.8%55.2%30.0%12.1%-17.8%36.2K-402.5K-3.7K2.00111.05N/AN/A481,437315
2025-12-15$33.84$40.0053.1%15.2%40.6%69.3%53.1%6.3%-23.9%37.8K-465.1K-3.7K2.50110.68N/AN/A4101,437316
2025-12-16$33.06$40.0034.5%9.9%40.9%31.5%34.5%-4.5%2.4%15.0K-82.3K-2.5K0.20105.33N/AN/A2551,438325
2025-12-17$32.59$40.0029.0%8.3%39.6%20.4%0.0%6.3%0.7%9.7K-27.5K-2.2K0.08102.73N/AN/A2621,452324
2025-12-18$32.58$40.0026.1%7.5%39.4%14.6%0.0%11.6%11.0%10.2K-17.2K-2.0K2.80111.68N/AN/A15421,467324
2025-12-19$32.28$35.0040.7%11.7%39.1%44.0%41.7%15.2%-6.3%22.4K-174.2K-2.5K0.02103.37N/AN/A8821,480334
2025-12-22$32.06$35.0029.5%8.5%38.3%21.5%36.8%-5.1%-1.4%14.8K-154.8K-2.4K0.00109.35N/AN/A1401,077154
2025-12-23$31.81$35.0029.8%8.6%37.3%22.1%19.5%-1.5%-1.6%15.5K-170.9K-2.4K3.00107.80N/AN/A261,088153
2025-12-24$32.19$35.0033.2%9.5%36.7%29.0%0.0%-1.7%-10.1%9.4K-145.6K-2.2K0.00108.91N/AN/A031,088159
2025-12-26$32.16$35.0028.6%8.2%36.3%19.5%0.0%0.9%7.6%8.1K-119.9K-2.1K0.00109.15N/AN/A0101,088162
2025-12-29$32.19$35.0033.6%9.6%35.6%29.8%29.6%-9.2%-12.9%8.5K-130.4K-2.2K0.00103.89N/AN/A601,088172
2025-12-30$32.13$35.0041.7%12.0%31.2%46.1%0.0%2.9%-27.4%10.9K-125.3K-2.3K0.00102.70N/AN/A001,091172
2025-12-31$32.03$35.0041.0%11.8%31.2%44.7%0.0%-1.9%-15.4%7.2K-85.4K-2.0K1.00105.79N/AN/A221,090172