FORM Options History — October 2008 In October 2008, FORM traded between $14.83 and $18.30. ATM implied volatility averaged 91.1%, placing in the 71.8% IV rank vs the trailing year. The 30-day expected move averaged 24.6%. IV traded below realized volatility by 0.1% (HV 20d: 91.2%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 2.11.
Notable Days 2008-10-27 : Highest Volume — 1,570 contracts2008-10-09 : Largest IV spike — 22.8% change2008-10-09 : Highest IV Rank — 100.0%2008-10-27 : Largest Expected Move — 29.1%Monthly Statistics Metric Avg Min Max Open Close Price $16.81 $14.83 $18.30 $17.03 $17.42 Max Pain $16.96 $15.00 $20.00 $20.00 $17.50 ATM IV 91.1% 69.3% 113.3% 69.3% 81.9% Expected Move 24.6% 19.9% 29.1% 19.9% 23.5% HV 20d 91.2% 66.1% 104.0% 67.4% 95.8% HV 60d 68.4% 60.6% 72.8% 61.5% 72.3% IV Rank 71.8% 44.6% 100.0% 44.6% 59.5% IV Percentile 96.7% 91.3% 100.0% 92.5% 92.5% Term Structure -7.8% -17.5% -0.4% -1.7% -4.0% VWIV 84.8% 69.1% 99.6% 69.1% 89.3% Skew 25d 11.7% -6.2% 17.2% 6.2% 12.3% Skew 10d 22.3% -28.5% 46.2% -0.3% 46.2% Call IV 25d 79.0% 67.5% 91.0% 67.5% 73.7% Put IV 25d 90.8% 70.4% 105.6% 73.7% 85.9% Bid-Ask Spread % 30.57 16.18 43.84 19.22 30.74 Gamma HHI 0.18 0.16 0.21 0.19 0.17 Net GEX 74.6K -9.2K 195.3K 92.0K 72.6K Net DEX 440.2K -3.3M 6.0M 2.1M -2.3M Net VEX -44.7K -65.8K -32.7K -47.6K -44.4K Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 2.11 0.00 9.00 2.43 0.45 Total Volume 402.304 29 1,570 48 68 Total OI 22,758.87 14,847 29,704 27,517 16,696
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 2008-10-01 $17.03 $20.00 69.3% 19.9% 67.4% 44.6% 69.1% 6.2% -1.7% 92.0K 2.1M -47.6K 2.43 19.22 N/A N/A 14 34 17,661 9,856 2008-10-02 $16.95 $20.00 71.3% 20.4% 66.1% 47.3% 71.8% 5.8% -2.0% 88.5K 2.3M -47.2K 0.00 24.86 N/A N/A 29 0 17,671 9,878 2008-10-03 $15.90 $20.00 79.1% 22.7% 69.2% 57.6% 75.5% -6.2% -6.9% 38.4K 4.3M -41.3K 9.00 16.18 N/A N/A 12 108 17,671 9,856 2008-10-06 $16.11 $17.50 88.3% 22.0% 67.5% 69.8% 76.4% 8.0% -8.4% 40.4K 4.4M -39.4K 3.60 33.13 N/A N/A 42 151 17,683 9,795 2008-10-07 $14.83 $17.50 85.7% 22.5% 72.6% 66.4% 0.0% 9.7% -11.4% -9.2K 6.0M -32.7K 0.48 29.82 N/A N/A 46 22 17,695 9,655 2008-10-08 $16.65 $17.50 92.3% 23.5% 85.4% 75.1% 83.5% 8.3% -7.3% 85.3K 1.9M -45.3K 0.92 34.92 N/A N/A 521 480 17,712 9,601 2008-10-09 $15.96 $17.50 113.3% 26.2% 86.2% 100.0% 90.9% 13.4% -12.1% 48.7K 3.4M -44.1K 0.52 42.96 N/A N/A 154 80 17,812 9,883 2008-10-10 $17.31 $15.00 113.1% 26.4% 91.7% 99.7% 94.5% 11.5% -9.8% 109.2K -121.9K -52.7K 0.80 34.57 N/A N/A 262 209 17,882 9,926 2008-10-13 $18.30 $17.50 112.5% 24.8% 94.0% 99.0% 83.8% 13.0% -9.0% 195.3K -3.3M -65.8K 0.17 24.45 N/A N/A 496 83 19,767 9,937 2008-10-14 $17.38 $17.50 105.9% 24.3% 94.9% 90.5% 0.0% 7.2% -9.2% 127.6K 756.5K -48.5K 0.39 25.88 N/A N/A 810 315 18,248 9,953 2008-10-15 $16.02 $17.50 99.8% 27.9% 98.3% 82.5% 83.1% 15.2% -17.5% 52.0K 3.6M -42.5K 1.15 33.32 N/A N/A 106 122 18,672 9,972 2008-10-16 $17.38 $17.50 90.0% 25.8% 100.5% 70.0% 92.0% 15.6% -11.5% 108.1K 2.0M -45.9K 0.65 31.85 N/A N/A 170 110 18,633 9,987 2008-10-17 $16.92 $15.00 89.1% 25.5% 100.5% 68.8% 0.0% 13.1% -10.6% 113.2K 2.5M -45.0K 0.05 35.21 N/A N/A 856 43 18,891 9,845 2008-10-20 $18.28 $15.00 87.2% 25.0% 102.3% 66.4% 82.5% 13.3% -6.4% 76.7K -3.3M -46.3K 0.29 32.48 N/A N/A 368 108 10,178 4,669 2008-10-21 $17.51 $15.00 86.1% 24.7% 103.1% 64.9% 81.4% 10.8% -7.1% 72.2K -2.7M -44.8K 6.88 30.15 N/A N/A 25 172 10,514 4,777 2008-10-22 $16.72 $15.00 87.6% 25.1% 102.9% 66.8% 85.1% 16.8% -8.5% 58.4K -1.6M -41.4K 0.56 43.84 N/A N/A 27 15 10,539 4,909 2008-10-23 $15.97 $15.00 92.7% 26.6% 103.8% 73.4% 82.8% 16.4% -8.7% 47.2K -892.0K -39.1K 0.51 25.07 N/A N/A 77 39 10,560 4,922 2008-10-24 $16.19 $15.00 99.6% 28.6% 104.0% 82.4% 99.6% 15.4% -9.0% 53.3K -1.4M -41.5K 0.57 25.88 N/A N/A 44 25 10,622 4,935 2008-10-27 $15.77 $15.00 101.4% 29.1% 94.2% 84.6% 94.2% 16.4% -11.4% 45.9K -847.4K -38.7K 2.47 25.27 N/A N/A 452 1,118 10,637 4,952 2008-10-28 $17.24 $17.50 88.3% 25.3% 99.1% 67.7% 90.0% 17.2% -4.7% 63.7K -2.0M -44.2K 3.74 28.57 N/A N/A 206 771 10,911 5,681 2008-10-29 $17.40 $17.50 81.3% 23.3% 98.8% 58.8% 88.7% 15.0% -0.4% 63.6K -2.1M -46.7K 5.05 35.12 N/A N/A 38 192 11,030 6,176 2008-10-30 $17.35 $17.50 79.5% 22.8% 98.8% 56.5% 82.8% 15.8% -0.9% 72.5K -2.4M -44.1K 7.96 39.52 N/A N/A 26 207 11,036 5,568 2008-10-31 $17.42 $17.50 81.9% 23.5% 95.8% 59.5% 89.3% 12.3% -4.0% 72.6K -2.3M -44.4K 0.45 30.74 N/A N/A 47 21 11,051 5,645
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