FORM Options History — October 2014

In October 2014, FORM traded between $6.19 and $7.97. ATM implied volatility averaged 52.6%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 7.7% (HV 20d: 44.9%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.18.

Notable Days

  • 2014-10-30: Highest Volume — 1,008 contracts
  • 2014-10-16: Largest IV drop — 62.5% change
  • 2014-10-15: Highest IV Rank — 92.0%
  • 2014-10-13: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.94$6.19$7.97$7.06$7.97
Max Pain$7.00$7.00$7.00$7.00$7.00
ATM IV52.6%29.4%105.0%54.4%36.7%
Expected Move12.2%11.3%14.6%11.8%11.7%
HV 20d44.9%29.7%58.5%29.7%58.5%
HV 60d56.1%53.8%58.0%53.8%58.0%
IV Rank32.6%6.0%92.0%36.1%14.3%
IV Percentile74.8%5.2%99.6%96.8%37.3%
Term Structure-3.6%-42.0%25.1%-19.5%2.2%
VWIV42.5%39.6%46.0%45.1%41.0%
Skew 25d4.1%-11.6%33.7%4.4%-4.7%
Skew 10d2.6%-21.6%23.4%-6.1%-7.4%
Call IV 25d46.8%25.5%110.2%40.7%42.2%
Put IV 25d50.9%32.9%98.7%45.1%37.5%
Bid-Ask Spread %101.1873.75131.4677.5393.79
Gamma HHI0.480.290.640.450.61
Net GEX14.2K74829.2K20.6K11.9K
Net DEX-249.0K-707.2K33.7K-460.9K-707.2K
Net VEX-1.9K-2.6K-1.4K-1.9K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.005.000.000.67
Total Volume530.52201,0080945
Total OI2,091.4351,4432,5732,0302,461

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$7.06$7.0054.4%11.8%29.7%36.1%0.0%4.4%-19.5%20.6K-460.9K-1.9K0.0077.53N/AN/A001,707323
2014-10-02$7.27$7.0049.5%11.3%32.1%30.7%0.0%12.7%-6.6%27.5K-527.6K-1.8K0.0079.01N/AN/A001,707323
2014-10-03$7.42$7.0049.3%11.5%33.1%30.5%0.0%33.7%6.5%26.1K-636.1K-1.8K0.00119.07N/AN/A001,707323
2014-10-06$7.21$7.0047.3%11.6%34.1%26.4%0.0%-4.9%-3.1%28.2K-525.6K-1.7K0.0073.75N/AN/A101,707323
2014-10-07$7.08$7.0041.1%11.4%33.4%19.3%0.0%-2.8%-5.4%29.2K-457.2K-1.7K0.0094.70N/AN/A501,707323
2014-10-08$7.32$7.0062.2%13.7%35.8%43.4%45.1%7.2%-32.3%27.5K-536.1K-1.7K0.29124.25N/AN/A270771,707323
2014-10-09$6.90$7.0062.5%11.3%39.6%43.7%42.0%-11.2%-3.6%22.8K-399.7K-1.6K0.3291.64N/AN/A270861,707323
2014-10-10$6.54$7.0065.5%11.7%42.6%47.1%42.3%-10.4%-3.5%23.0K-304.5K-1.4K1.31100.99N/AN/A2703551,707332
2014-10-13$6.19$7.0099.4%14.6%45.7%85.7%41.7%-11.6%-42.0%3.2K33.7K-1.4K1.00131.46N/AN/A3523521,799604
2014-10-14$6.31$7.0082.5%12.8%46.8%66.4%39.6%23.5%-21.8%11.9K-19.1K-1.5K1.0092.84N/AN/A3523521,799604
2014-10-15$6.51$7.00105.0%13.5%49.0%92.0%41.5%-4.4%-16.9%17.2K-56.7K-1.4K0.88115.63N/AN/A4023521,849604
2014-10-16$6.68$7.0039.4%13.1%50.4%17.4%46.0%11.2%9.5%25.5K-154.5K-1.7K5.0080.79N/AN/A201001,849604
2014-10-17$6.68$7.0037.2%12.6%49.3%14.9%0.0%-7.3%5.6%25.4K-121.4K-1.8K0.00101.33N/AN/A3001,869704
2014-10-20$6.77$7.0038.6%12.0%49.3%16.4%44.0%0.2%25.1%1.4K-4.7K-1.7K1.96121.03N/AN/A227445841602
2014-10-21$6.75$7.0045.2%11.8%48.6%23.9%41.4%-0.3%2.8%1.8K-27.7K-1.8K1.65100.03N/AN/A327541893618
2014-10-22$6.57$7.0045.8%11.9%48.6%24.7%41.8%7.8%-2.5%1.6K9.6K-1.9K1.58110.77N/AN/A382603993714
2014-10-23$6.79$7.0044.7%11.8%49.3%23.4%42.0%2.8%-1.9%7481.7K-2.1K1.5398.38N/AN/A3635551,075865
2014-10-24$6.71$7.0038.2%12.1%48.9%16.0%43.7%-1.4%4.5%1.7K-15.5K-2.2K1.79105.42N/AN/A3105551,156867
2014-10-27$6.90$7.0045.4%12.1%50.3%24.1%41.7%-1.0%5.1%3.3K-59.7K-2.2K1.76103.78N/AN/A2664671,195867
2014-10-28$7.11$7.0044.6%11.8%50.2%23.2%42.3%10.5%-0.7%3.1K-119.5K-2.2K1.44113.97N/AN/A3184571,196879
2014-10-29$7.10$7.0046.2%12.9%49.9%25.1%42.7%15.1%-5.8%4.8K-183.7K-2.4K0.85101.54N/AN/A4263611,245879
2014-10-30$7.76$7.0029.4%12.0%58.3%6.0%43.7%24.8%20.3%7.9K-453.9K-2.4K0.5695.44N/AN/A6473611,339884
2014-10-31$7.97$7.0036.7%11.7%58.5%14.3%41.0%-4.7%2.2%11.9K-707.2K-2.6K0.6793.79N/AN/A5673781,577884