FIZZ Options History — January 2026

In January 2026, FIZZ traded between $31.55 and $34.17. ATM implied volatility averaged 40.5%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 19.0% (HV 20d: 21.6%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.27.

Notable Days

  • 2026-01-20: Highest Volume — 256 contracts
  • 2026-01-06: Largest IV spike — 81.8% change
  • 2026-01-13: Highest IV Rank — 100.0%
  • 2026-01-30: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.07$31.55$34.17$31.55$34.17
Max Pain$30.25$30.00$35.00$35.00$30.00
ATM IV40.5%23.8%76.9%35.4%38.2%
Expected Move9.0%6.8%10.9%10.1%10.9%
HV 20d21.6%18.2%31.3%31.3%21.7%
HV 60d31.4%28.5%32.5%31.6%28.5%
IV Rank40.4%8.4%100.0%33.4%33.2%
IV Percentile62.4%6.0%100.0%60.7%71.8%
Term Structure0.7%-20.9%13.7%-8.2%4.4%
VWIV30.7%25.1%35.6%32.6%35.6%
Skew 25d2.3%-8.2%16.7%3.2%2.4%
Skew 10d3.1%-8.4%17.4%17.4%0.8%
Call IV 25d29.3%15.5%42.0%34.3%36.5%
Put IV 25d31.6%22.2%41.2%37.5%38.9%
Bid-Ask Spread %117.43101.70125.67101.70121.64
Gamma HHI0.490.290.700.340.70
Net GEX19.9K5.5K47.7K5.5K47.7K
Net DEX-347.1K-890.0K-94.9K-107.8K-890.0K
Net VEX-2.7K-4.4K-1.9K-2.2K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.003.000.001.20
Total Volume27.5502562011
Total OI1,041.14951,2941,259891

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$31.55$35.0035.4%10.1%31.3%33.4%32.6%3.2%-8.2%5.5K-107.8K-2.2K0.00101.70N/AN/A2001,089170
2026-01-05$31.72$30.0030.1%8.0%31.3%22.6%32.3%5.4%12.0%6.3K-94.9K-1.9K3.00111.31N/AN/A131,094171
2026-01-06$32.08$30.0054.7%7.0%26.0%72.5%27.6%2.1%2.2%9.5K-103.7K-1.9K0.00116.00N/AN/A401,093174
2026-01-07$31.82$30.0062.2%7.8%22.8%87.8%0.0%1.3%5.2%11.4K-151.4K-2.2K0.00118.02N/AN/A1301,098174
2026-01-08$32.80$30.0046.9%8.3%25.2%56.7%35.6%3.1%6.6%8.4K-170.7K-2.1K0.14105.73N/AN/A1421,106174
2026-01-09$33.01$30.0052.2%8.4%22.1%67.5%0.0%2.9%3.2%9.6K-200.0K-2.1K0.02112.44N/AN/A5111,106174
2026-01-12$32.89$30.0056.4%8.0%21.7%76.0%0.0%-8.2%-2.9%9.7K-202.9K-2.1K0.00112.60N/AN/A701,108175
2026-01-13$32.73$30.0076.9%9.1%18.2%100.0%0.0%-1.5%0.8%9.9K-187.5K-2.1K0.00115.70N/AN/A101,106175
2026-01-14$33.50$30.0023.8%6.8%20.2%8.4%0.0%16.7%13.7%10.5K-221.8K-2.1K0.00124.08N/AN/A701,106175
2026-01-15$33.10$30.0030.5%8.7%18.9%19.9%28.0%3.8%11.0%8.5K-187.2K-2.0K0.57120.33N/AN/A741,112175
2026-01-16$33.63$30.0032.6%9.4%18.9%23.6%0.0%-3.6%0.9%9.6K-222.6K-2.0K0.00119.72N/AN/A801,119175
2026-01-20$33.45$30.0031.7%9.1%19.0%22.0%29.2%1.1%1.2%11.2K-231.6K-2.1K0.01108.13N/AN/A2542333162
2026-01-21$33.83$30.0026.6%7.6%18.9%13.2%0.0%15.8%7.3%30.1K-571.1K-3.5K0.00124.98N/AN/A20586163
2026-01-22$33.57$30.0030.6%8.8%19.0%20.1%25.1%7.7%2.6%32.2K-525.8K-3.4K0.00117.58N/AN/A210589164
2026-01-23$33.60$30.0035.0%10.0%18.6%27.6%0.0%-5.8%-9.6%33.7K-592.4K-3.7K0.00125.67N/AN/A30610164
2026-01-26$33.54$30.0034.1%9.8%18.3%26.1%0.0%1.3%-0.6%38.3K-605.4K-3.6K0.00120.16N/AN/A20613164
2026-01-27$33.41$30.0037.6%10.8%18.4%32.2%0.0%-3.3%-20.9%34.1K-539.5K-3.4K0.00123.08N/AN/A00614164
2026-01-28$32.96$30.0038.0%10.9%19.2%32.8%0.0%-0.8%-13.2%34.2K-480.3K-3.3K0.00125.05N/AN/A00614164
2026-01-29$33.98$30.0037.3%10.7%21.8%31.7%0.0%2.0%-1.6%36.9K-654.8K-3.6K0.00124.66N/AN/A1130614164
2026-01-30$34.17$30.0038.2%10.9%21.7%33.2%35.6%2.4%4.4%47.7K-890.0K-4.4K1.20121.64N/AN/A56727164