FORM Options History — July 2017

In July 2017, FORM traded between $11.93 and $13.55. ATM implied volatility averaged 58.0%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 19.9% (HV 20d: 38.2%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.40.

Notable Days

  • 2017-07-03: Highest Volume — 1,235 contracts
  • 2017-07-12: Largest IV spike — 12.7% change
  • 2017-07-31: Highest IV Rank — 39.6%
  • 2017-07-31: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.86$11.93$13.55$12.05$13.13
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV58.0%44.8%70.5%49.3%70.5%
Expected Move17.0%12.9%20.2%14.1%20.2%
HV 20d38.2%30.4%44.2%44.2%30.4%
HV 60d54.9%38.2%57.0%56.8%38.2%
IV Rank28.1%16.0%39.6%20.1%39.6%
IV Percentile87.3%55.2%98.8%71.4%98.8%
Term Structure-8.2%-15.3%9.3%3.5%-15.3%
VWIV57.6%40.1%68.7%40.1%68.7%
Skew 25d-3.2%-10.5%1.6%0.7%-5.0%
Skew 10d-2.5%-20.2%20.2%6.8%-16.4%
Call IV 25d58.1%40.4%67.3%43.5%67.3%
Put IV 25d54.9%40.4%62.8%44.2%62.3%
Bid-Ask Spread %24.0712.7266.7966.7912.72
Gamma HHI0.350.330.380.370.35
Net GEX42.9K31.8K56.1K37.9K43.0K
Net DEX-1.2M-1.9M-439.3K-590.2K-1.2M
Net VEX-8.1K-9.7K-6.3K-6.9K-8.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.041.160.040.64
Total Volume470.751881,2351,235223
Total OI5,2423,7336,4445,2974,007

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-07-03$12.05$12.5049.3%14.1%44.2%20.1%40.1%0.7%3.5%37.9K-590.2K-6.9K0.0466.79N/AN/A1,185504,620677
2017-07-05$12.15$12.5044.8%12.9%43.1%16.0%45.3%0.1%9.3%33.1K-511.7K-6.5K0.0418.58N/AN/A1,154504,648677
2017-07-06$11.93$12.5048.2%15.8%39.8%19.1%55.0%1.6%-7.6%31.8K-439.3K-6.3K0.0723.66N/AN/A1,149844,643677
2017-07-07$12.23$12.5052.0%15.8%41.6%22.6%52.6%-0.3%-6.7%36.5K-605.3K-6.9K1.1618.61N/AN/A1351574,643677
2017-07-10$12.40$12.5047.4%15.9%39.3%18.3%55.7%-0.3%-7.9%33.7K-641.4K-6.9K1.1020.83N/AN/A1431574,646782
2017-07-11$12.38$12.5051.4%16.8%36.8%22.0%57.9%0.6%-9.2%34.7K-686.2K-6.8K0.1717.27N/AN/A1,0271754,662782
2017-07-12$12.83$12.5057.9%16.6%39.6%28.0%58.3%0.0%-6.3%52.8K-1.6M-9.7K0.3344.99N/AN/A176585,509831
2017-07-13$12.73$12.5058.3%16.7%39.6%28.3%58.2%-0.5%-8.0%53.8K-1.6M-9.6K0.4033.21N/AN/A174705,563837
2017-07-14$12.85$12.5056.1%16.1%38.5%26.3%54.4%-9.8%-8.2%56.1K-1.6M-9.5K0.1116.21N/AN/A659705,585859
2017-07-17$12.90$12.5058.3%16.7%38.4%28.4%56.3%-10.3%-9.3%49.5K-1.3M-8.2K0.3916.74N/AN/A135535,128859
2017-07-18$12.93$12.5060.7%17.4%37.1%30.5%59.0%-10.5%-10.2%53.0K-1.4M-8.1K0.3214.26N/AN/A164525,136873
2017-07-19$13.38$12.5059.2%17.0%36.4%29.2%58.0%-4.5%-10.0%41.8K-1.8M-8.5K0.2515.06N/AN/A207515,153876
2017-07-20$13.48$12.5060.7%17.4%36.4%30.5%57.9%-3.1%-10.1%41.5K-1.9M-8.5K0.2815.57N/AN/A215615,161877
2017-07-21$13.23$12.5058.8%16.9%36.2%28.8%57.6%-6.2%-10.5%40.5K-1.7M-8.2K0.2217.36N/AN/A249555,200872
2017-07-24$13.45$12.5064.6%18.5%36.6%34.2%59.2%-1.8%-13.8%43.3K-1.4M-8.7K0.3313.00N/AN/A172573,102631
2017-07-25$13.25$12.5062.8%18.0%36.5%32.5%63.8%-3.3%-5.4%42.2K-1.3M-8.5K0.5113.77N/AN/A167853,129645
2017-07-26$13.55$12.5067.5%19.4%37.2%36.8%64.2%-2.5%-14.6%43.7K-1.4M-8.7K0.3057.40N/AN/A285853,145699
2017-07-27$13.23$12.5064.3%18.4%38.1%33.8%63.3%-5.5%-10.3%45.2K-1.2M-8.4K0.6630.81N/AN/A128853,323699
2017-07-28$13.13$12.5067.3%19.3%37.3%36.6%65.9%-3.4%-13.4%43.5K-1.2M-8.3K0.6614.57N/AN/A128853,308699
2017-07-31$13.13$12.5070.5%20.2%30.4%39.6%68.7%-5.0%-15.3%43.0K-1.2M-8.0K0.6412.72N/AN/A136873,308699