FORM Options History — October 2015

In October 2015, FORM traded between $6.56 and $8.60. ATM implied volatility averaged 53.1%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 15.9% (HV 20d: 37.2%). Max pain ranged from $8.00 to $8.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.31.

Notable Days

  • 2015-10-09: Highest Volume — 784 contracts
  • 2015-10-09: Largest IV drop — 36.1% change
  • 2015-10-02: Highest IV Rank — 37.4%
  • 2015-10-02: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.43$6.56$8.60$6.56$8.24
Max Pain$8.00$8.00$8.00$8.00$8.00
ATM IV53.1%38.2%62.0%58.6%57.7%
Expected Move15.4%13.6%17.8%16.8%16.5%
HV 20d37.2%28.6%51.4%28.6%51.4%
HV 60d47.4%34.5%56.4%54.2%42.3%
IV Rank27.1%10.1%37.4%33.5%32.5%
IV Percentile66.9%15.5%86.1%80.2%81.0%
Term Structure-4.5%-21.6%2.4%2.4%-21.6%
VWIV54.4%48.6%66.4%64.3%58.7%
Skew 25d6.7%-15.0%24.8%14.9%1.3%
Skew 10d15.1%-12.3%47.3%39.3%3.9%
Call IV 25d52.6%43.0%64.2%64.2%57.1%
Put IV 25d59.4%37.2%79.1%79.1%58.4%
Bid-Ask Spread %83.5342.27125.92121.74110.49
Gamma HHI0.290.240.360.240.31
Net GEX3.5K-18.7K1.8K8.7K
Net DEX-35.2K-278.1K111.8K111.8K-278.1K
Net VEX-958-1.3K-756-832-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.140.370.140.35
Total Volume547.773148784540495
Total OI1,520.6828522,1801,7811,058

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$6.56$8.0058.6%16.8%28.6%33.5%64.3%14.9%2.4%1.8K111.8K-8320.14121.74N/AN/A472681,261520
2015-10-02$6.93$8.0062.0%17.8%30.9%37.4%66.4%22.5%-1.7%1.4K106.5K-7760.1453.13N/AN/A474681,261520
2015-10-05$7.16$8.0049.3%14.9%32.5%22.8%52.4%7.6%-3.9%1.2K67.9K-7560.3393.02N/AN/A111371,278520
2015-10-06$7.41$8.0042.3%15.4%33.8%14.7%50.2%18.8%-5.1%290923-7960.2953.70N/AN/A5341561,319536
2015-10-07$7.46$8.0056.3%15.2%32.7%30.8%52.4%5.2%-5.1%-1-21.8K-1.1K0.2853.36N/AN/A5891661,321543
2015-10-08$7.45$8.0059.7%15.8%32.7%34.7%51.4%-2.8%-5.2%592-5.1K-9520.3142.27N/AN/A5961831,459615
2015-10-09$7.42$8.0038.2%15.0%32.7%10.1%52.2%-6.3%-5.4%2.6K27.5K-9010.3045.38N/AN/A6011831,499655
2015-10-12$7.10$8.0051.6%14.7%37.1%25.5%53.0%-15.0%-6.0%4.0K61.1K-9190.3091.55N/AN/A5591701,514655
2015-10-13$7.12$8.0057.0%15.3%36.9%31.6%51.9%7.4%-3.9%4.9K65.6K-9180.3165.58N/AN/A5591721,534646
2015-10-14$7.11$8.0051.0%14.6%36.7%24.8%48.6%24.8%-3.1%3.9K71.4K-8950.3194.72N/AN/A5591711,534646
2015-10-15$7.41$8.0052.9%15.2%39.1%27.0%50.2%9.8%-3.4%3.5K3.2K-8920.33105.12N/AN/A5601861,534642
2015-10-16$7.38$8.0047.4%13.6%39.0%20.7%49.5%1.8%1.8%3.5K-6.3K-8620.3280.70N/AN/A5791861,538622
2015-10-19$7.47$8.0056.1%16.1%39.0%30.6%51.6%4.1%-4.7%3.7K-68.8K-9250.3297.48N/AN/A29395652200
2015-10-20$7.40$8.0052.5%15.1%38.6%26.5%54.3%4.9%-2.8%4.0K-79.7K-1.0K0.3258.61N/AN/A29395717201
2015-10-21$7.38$8.0055.4%15.9%37.9%29.8%55.3%-3.8%-4.6%4.0K-76.7K-9920.3595.30N/AN/A293104717201
2015-10-22$7.48$8.0055.9%16.0%37.9%30.4%54.1%3.5%-4.3%4.2K-93.1K-1.0K0.37125.92N/AN/A282104717201
2015-10-23$7.57$8.0052.7%15.1%37.5%26.8%54.0%17.7%-4.8%4.3K-97.0K-1.0K0.37100.60N/AN/A282104718201
2015-10-26$7.55$8.0053.8%15.4%37.6%27.9%55.4%6.2%-4.8%4.3K-93.7K-1.0K0.37112.37N/AN/A283104718201
2015-10-27$7.49$8.0054.9%15.7%38.0%29.3%54.1%5.3%-2.9%4.1K-78.0K-9600.3651.03N/AN/A292105713201
2015-10-28$7.70$8.0053.7%15.4%37.4%27.8%54.7%-4.0%-5.8%4.6K-129.2K-1.1K0.3495.20N/AN/A307105723202
2015-10-29$8.60$8.0048.5%13.9%50.1%21.9%63.1%24.4%-4.7%6.7K-262.1K-1.2K0.3090.47N/AN/A367109740202
2015-10-30$8.24$8.0057.7%16.5%51.4%32.5%58.7%1.3%-21.6%8.7K-278.1K-1.3K0.35110.49N/AN/A367128852206