FORM Options History — October 2007

In October 2007, FORM traded between $35.02 and $46.72. ATM implied volatility averaged 49.3%, placing in the 67.3% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 6.2% (HV 20d: 43.2%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 1.60.

Notable Days

2007-10-19: Highest Volume — 10,288 contracts
2007-10-11: Largest IV spike — 13.3% change
2007-10-19: Highest IV Rank — 92.4%
2007-10-19: Largest Expected Move — 16.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.25	$35.02	$46.72	$45.84	$39.11
Max Pain	$44.57	$40.00	$45.00	$45.00	$40.00
ATM IV	49.3%	41.7%	58.6%	42.4%	48.2%
Expected Move	14.4%	12.0%	16.8%	12.2%	13.8%
HV 20d	43.2%	29.7%	80.0%	32.7%	79.8%
HV 60d	41.4%	36.2%	55.5%	38.6%	55.0%
IV Rank	67.3%	46.7%	92.4%	48.6%	64.1%
IV Percentile	87.8%	71.4%	99.5%	76.5%	84.2%
Term Structure	-4.7%	-11.9%	5.1%	4.5%	-1.5%
VWIV	49.7%	40.3%	56.6%	43.0%	48.7%
Skew 25d	6.9%	3.6%	17.5%	7.6%	4.6%
Skew 10d	13.9%	-6.1%	27.8%	18.6%	0.3%
Call IV 25d	42.5%	32.5%	49.8%	38.1%	47.5%
Put IV 25d	49.4%	44.6%	54.0%	45.7%	52.1%
Bid-Ask Spread %	12.29	7.38	17.46	10.71	17.27
Gamma HHI	0.46	0.32	0.67	0.36	0.37
Net GEX	-572.5K	-1.2M	107.2K	-419.1K	107.2K
Net DEX	5.8M	-24.1M	29.7M	-16.9M	-3.7M
Net VEX	-93.3K	-127.9K	-50.8K	-127.9K	-90.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.60	0.12	10.06	0.21	0.46
Total Volume	1,900.304	117	10,288	270	1,117
Total OI	25,931.565	13,839	33,755	29,414	17,568

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2007-10-01	$45.84	$45.00	42.4%	12.2%	32.7%	48.6%	43.0%	7.6%	4.5%	-419.1K	-16.9M	-127.9K	0.21	10.71	N/A	N/A	223	47	13,485	15,929
2007-10-02	$46.72	$45.00	42.7%	12.2%	32.8%	49.4%	40.3%	7.6%	4.9%	-329.9K	-24.1M	-119.2K	0.12	16.26	N/A	N/A	490	61	13,481	15,926
2007-10-03	$45.18	$45.00	41.7%	12.0%	34.8%	46.7%	40.5%	4.9%	5.1%	-537.3K	-11.2M	-125.0K	1.41	11.95	N/A	N/A	79	111	13,514	15,947
2007-10-04	$45.47	$45.00	44.2%	12.7%	34.7%	53.4%	44.4%	8.5%	3.4%	-493.0K	-13.6M	-122.9K	6.89	13.58	N/A	N/A	362	2,496	13,540	16,020
2007-10-05	$45.89	$45.00	42.1%	13.6%	33.2%	47.8%	45.6%	7.0%	-5.9%	-899.0K	-14.1M	-125.9K	0.98	8.67	N/A	N/A	307	302	13,552	18,204
2007-10-08	$44.48	$45.00	43.6%	13.9%	34.5%	51.8%	47.3%	17.5%	-6.3%	-1.1M	-635.5K	-118.9K	0.26	10.98	N/A	N/A	1,007	260	13,543	18,021
2007-10-09	$43.49	$45.00	46.7%	14.3%	34.9%	60.3%	51.9%	5.1%	-7.8%	-926.4K	7.3M	-117.4K	0.65	7.38	N/A	N/A	1,373	889	14,248	18,050
2007-10-10	$43.99	$45.00	45.3%	14.4%	35.2%	56.3%	53.3%	3.8%	-7.2%	-1.2M	5.3M	-115.2K	1.80	9.39	N/A	N/A	143	258	13,806	18,531
2007-10-11	$42.78	$45.00	51.3%	14.7%	35.8%	72.6%	52.6%	7.7%	-8.1%	-1.2M	18.2M	-106.2K	0.56	10.93	N/A	N/A	351	198	13,914	18,567
2007-10-12	$43.00	$45.00	50.2%	14.4%	35.6%	69.5%	47.0%	7.5%	-7.1%	-1.2M	16.2M	-99.0K	0.14	8.59	N/A	N/A	665	91	14,012	18,133
2007-10-15	$42.96	$45.00	51.6%	14.8%	35.6%	73.4%	53.1%	6.3%	-8.6%	-1.2M	17.7M	-87.0K	1.53	10.88	N/A	N/A	174	266	14,221	18,109
2007-10-16	$42.27	$45.00	55.9%	16.0%	33.6%	85.0%	51.1%	7.6%	-8.4%	-1.0M	26.9M	-75.5K	0.33	11.54	N/A	N/A	161	53	14,263	18,181
2007-10-17	$42.50	$45.00	56.1%	16.1%	33.7%	85.5%	48.8%	6.9%	-9.3%	-898.5K	26.2M	-70.2K	0.46	10.84	N/A	N/A	80	37	14,309	18,154
2007-10-18	$42.08	$45.00	56.1%	16.1%	31.3%	85.6%	56.4%	6.6%	-10.0%	-604.7K	29.7M	-62.2K	1.74	16.01	N/A	N/A	637	1,110	14,310	18,146
2007-10-19	$41.21	$45.00	58.6%	16.8%	29.7%	92.4%	55.1%	6.5%	-11.9%	-420.6K	29.7M	-64.8K	10.06	15.15	N/A	N/A	930	9,358	14,730	19,025
2007-10-22	$42.51	$45.00	53.9%	15.5%	31.6%	79.8%	56.6%	6.9%	-6.6%	-267.5K	2.8M	-86.1K	0.95	11.19	N/A	N/A	655	622	6,374	7,465
2007-10-23	$43.52	$45.00	52.4%	15.0%	33.0%	75.6%	54.6%	7.0%	-7.1%	-311.6K	732.1K	-90.3K	0.27	13.70	N/A	N/A	605	162	6,636	7,964
2007-10-24	$43.24	$45.00	52.5%	15.1%	32.7%	75.8%	55.8%	6.4%	-8.1%	-291.7K	695.0K	-91.4K	2.32	14.37	N/A	N/A	661	1,533	7,014	8,027
2007-10-25	$35.54	$45.00	51.2%	14.7%	75.9%	72.4%	45.1%	8.0%	-3.1%	-53.5K	21.8M	-50.8K	2.67	10.20	N/A	N/A	2,419	6,469	7,216	8,988
2007-10-26	$35.02	$45.00	48.5%	13.9%	75.8%	65.1%	49.9%	5.3%	-2.8%	3.0K	9.1M	-54.8K	1.18	17.46	N/A	N/A	1,571	1,848	8,277	5,884
2007-10-29	$36.23	$45.00	50.4%	14.5%	75.9%	70.2%	50.2%	5.7%	-4.3%	-1.4K	7.3M	-59.7K	0.80	14.22	N/A	N/A	1,033	831	8,317	5,904
2007-10-30	$38.66	$40.00	49.0%	14.1%	80.0%	66.5%	51.3%	3.6%	-2.4%	87.3K	-1.5M	-84.8K	0.92	11.37	N/A	N/A	866	796	9,811	7,110
2007-10-31	$39.11	$40.00	48.2%	13.8%	79.8%	64.1%	48.7%	4.6%	-1.5%	107.2K	-3.7M	-90.1K	0.46	17.27	N/A	N/A	765	352	10,138	7,430