FIZZ Options History — February 2026

In February 2026, FIZZ traded between $34.45 and $37.73. ATM implied volatility averaged 37.1%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 16.6% (HV 20d: 20.6%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.35.

Notable Days

  • 2026-02-18: Highest Volume — 136 contracts
  • 2026-02-25: Largest IV spike — 60.6% change
  • 2026-02-27: Highest IV Rank — 52.3%
  • 2026-02-27: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.09$34.45$37.73$34.55$36.32
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV37.1%26.1%49.3%41.4%49.3%
Expected Move10.8%7.7%14.1%11.9%14.1%
HV 20d20.6%19.5%23.0%20.8%20.0%
HV 60d27.7%25.1%28.9%28.5%25.1%
IV Rank31.4%12.3%52.3%38.8%52.3%
IV Percentile58.6%10.3%94.0%82.1%94.0%
Term Structure-3.3%-17.0%10.3%-3.6%-17.0%
VWIV32.1%27.5%43.8%29.7%43.8%
Skew 25d10.1%-2.4%21.5%1.4%21.5%
Skew 10d10.0%-2.8%70.2%0.5%26.1%
Call IV 25d30.0%22.0%40.7%40.3%26.9%
Put IV 25d40.1%27.3%48.4%41.6%48.4%
Bid-Ask Spread %116.3196.05128.63119.44123.86
Gamma HHI0.690.580.770.690.64
Net GEX62.4K48.5K69.2K48.5K64.0K
Net DEX-1.5M-1.9M-950.4K-950.4K-1.6M
Net VEX-4.3K-4.6K-4.1K-4.3K-4.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.001.570.000.00
Total Volume24.5260136550
Total OI977.6848951,0588951,058

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$34.55$30.0041.4%11.9%20.8%38.8%0.0%1.4%-3.6%48.5K-950.4K-4.3K0.00119.44N/AN/A550729166
2026-02-03$34.45$30.0039.1%11.2%20.9%34.7%0.0%3.9%1.9%53.8K-1.1M-4.4K0.00120.66N/AN/A30733166
2026-02-04$35.49$30.0029.7%8.5%22.7%18.6%29.7%-2.4%10.3%49.7K-1.2M-4.5K0.13113.35N/AN/A233733166
2026-02-05$35.08$30.0046.1%13.3%23.0%46.8%0.0%18.7%-9.7%48.8K-1.1M-4.5K0.00119.41N/AN/A500751165
2026-02-06$35.43$30.0026.1%11.5%21.1%12.3%0.0%14.8%-7.7%69.2K-1.3M-4.6K0.07122.38N/AN/A141799165
2026-02-09$35.18$30.0039.6%12.6%21.4%35.6%0.0%21.5%-8.1%63.1K-1.2M-4.3K0.50123.30N/AN/A21803166
2026-02-10$35.50$30.0035.1%8.3%21.3%27.8%29.4%1.4%8.6%67.9K-1.3M-4.3K0.00124.64N/AN/A01802166
2026-02-11$35.33$30.0034.1%9.8%21.3%26.1%0.0%9.1%2.1%68.7K-1.2M-4.4K0.00122.77N/AN/A10802167
2026-02-12$35.73$30.0038.9%11.1%20.3%34.3%31.6%14.8%-3.5%68.3K-1.4M-4.4K1.00128.63N/AN/A1010802167
2026-02-13$36.16$30.0033.0%9.5%19.7%24.2%34.3%-1.9%-8.8%66.1K-1.5M-4.4K1.00114.55N/AN/A33810177
2026-02-17$36.79$30.0035.8%10.3%19.8%29.0%0.0%20.0%1.4%65.5K-1.7M-4.2K0.88126.94N/AN/A2421811180
2026-02-18$36.75$30.0037.3%10.7%19.5%31.6%34.1%8.4%2.6%64.6K-1.8M-4.2K0.01105.55N/AN/A1342820186
2026-02-19$36.49$30.0047.1%13.5%19.8%48.5%0.0%15.1%-15.6%66.6K-1.7M-4.4K0.00111.69N/AN/A00836188
2026-02-20$37.09$30.0027.0%7.7%19.8%13.9%27.5%1.9%8.9%62.9K-1.8M-4.3K0.00110.99N/AN/A50836188
2026-02-23$37.28$30.0027.4%7.9%19.7%14.6%29.2%2.5%9.0%62.1K-1.8M-4.1K0.0596.05N/AN/A211800180
2026-02-24$37.73$30.0029.2%8.4%19.7%17.6%29.0%15.2%-10.5%68.6K-1.9M-4.1K0.38109.22N/AN/A135819181
2026-02-25$37.20$30.0046.8%13.4%20.7%48.1%43.8%12.5%-14.0%64.2K-1.7M-4.3K1.57109.30N/AN/A2336821180
2026-02-26$37.19$30.0043.0%12.3%19.6%41.4%0.0%13.5%-7.9%62.8K-1.8M-4.5K0.00107.26N/AN/A10841216
2026-02-27$36.32$30.0049.3%14.1%20.0%52.3%0.0%21.5%-17.0%64.0K-1.6M-4.5K0.00123.86N/AN/A00842216