FORM Options History — October 2017

In October 2017, FORM traded between $16.80 and $18.20. ATM implied volatility averaged 49.0%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 24.5% (HV 20d: 24.5%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.20.

Notable Days

  • 2017-10-31: Highest Volume — 1,405 contracts
  • 2017-10-11: Largest IV spike — 19.8% change
  • 2017-10-31: Highest IV Rank — 32.3%
  • 2017-10-31: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.41$16.80$18.20$16.93$18.20
Max Pain$14.66$12.50$15.00$12.50$15.00
ATM IV49.0%38.0%62.5%40.6%62.5%
Expected Move14.4%11.6%17.9%11.7%17.9%
HV 20d24.5%18.6%28.8%28.8%19.9%
HV 60d35.0%26.4%36.8%36.8%26.4%
IV Rank19.9%9.9%32.3%12.3%32.3%
IV Percentile65.4%23.4%94.0%39.7%94.0%
Term Structure-6.5%-16.5%8.3%7.3%-16.5%
VWIV49.0%28.1%61.3%39.2%61.3%
Skew 25d3.8%-3.5%13.4%12.5%-3.5%
Skew 10d8.0%-9.2%20.0%16.6%-1.0%
Call IV 25d48.2%33.4%59.6%35.0%59.6%
Put IV 25d52.0%45.8%60.6%47.5%56.1%
Bid-Ask Spread %22.2310.4189.5119.2029.32
Gamma HHI0.530.470.700.480.54
Net GEX155.3K99.8K213.9K169.4K122.6K
Net DEX-5.6M-7.5M-3.2M-6.3M-3.9M
Net VEX-8.1K-9.4K-7.1K-9.4K-7.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.070.640.170.07
Total Volume7282241,4055571,405
Total OI5,529.0453,7596,5946,3173,764

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-10-02$16.93$12.5040.6%11.7%28.8%12.3%39.2%12.5%7.3%169.4K-6.3M-9.4K0.1719.20N/AN/A477805,562755
2017-10-03$16.95$12.5041.2%11.8%27.8%12.8%28.1%10.2%6.5%167.0K-6.1M-9.4K0.2321.30N/AN/A311735,463761
2017-10-04$17.15$12.5040.3%11.6%27.8%12.0%38.5%13.4%8.3%166.8K-6.5M-8.8K0.2910.41N/AN/A3581055,407771
2017-10-05$17.02$15.0040.9%13.8%28.2%12.5%48.8%3.3%-5.6%169.5K-6.3M-8.7K0.4011.80N/AN/A2751105,437742
2017-10-06$17.18$15.0038.0%13.5%25.5%9.9%47.0%2.5%-5.2%176.0K-6.5M-8.2K0.3613.50N/AN/A275995,375747
2017-10-09$17.15$15.0042.9%13.6%23.5%14.4%46.9%4.1%-6.1%173.0K-6.3M-7.8K0.1313.77N/AN/A758995,271747
2017-10-10$16.80$15.0039.9%14.2%24.9%11.6%48.7%2.3%-7.6%175.8K-5.7M-8.0K0.1712.85N/AN/A7211215,265752
2017-10-11$17.08$15.0047.8%13.7%25.3%18.9%43.3%5.7%-6.0%184.2K-6.5M-8.3K0.1213.44N/AN/A1,0411215,615759
2017-10-12$17.30$15.0050.4%14.4%25.3%21.2%47.4%3.2%-9.4%186.7K-6.9M-8.4K0.1114.26N/AN/A900995,812759
2017-10-13$17.13$15.0049.9%14.3%25.8%20.8%52.8%-2.1%-9.1%183.4K-6.7M-8.4K0.1117.29N/AN/A9611045,781772
2017-10-16$17.60$15.0050.6%14.5%26.1%21.5%48.9%3.1%-9.6%176.7K-7.3M-7.6K0.1315.30N/AN/A1,0771385,758780
2017-10-17$17.75$15.0051.1%14.6%26.1%21.8%47.0%4.5%-9.7%181.0K-7.5M-8.0K0.1814.09N/AN/A7381315,799795
2017-10-18$17.85$15.0052.0%14.9%25.3%22.7%52.6%2.9%-10.1%173.8K-7.5M-8.0K0.1415.59N/AN/A8221195,708836
2017-10-19$17.68$15.0052.3%15.0%24.4%22.9%51.7%4.3%-10.4%213.9K-7.1M-7.9K0.1827.57N/AN/A6741185,601833
2017-10-20$17.50$15.0053.0%15.2%24.9%23.6%51.3%6.5%-10.6%99.8K-6.3M-7.8K0.1431.50N/AN/A8731185,541842
2017-10-23$17.68$15.0050.3%14.4%24.9%21.1%50.6%2.5%-5.1%113.0K-3.5M-7.8K0.6418.69N/AN/A137873,458301
2017-10-24$17.43$15.0053.8%15.4%24.5%24.4%54.5%-0.6%-8.4%111.4K-3.4M-7.8K0.2822.28N/AN/A300853,507319
2017-10-25$17.45$15.0052.8%15.1%20.4%23.4%55.3%2.1%-6.4%115.0K-3.2M-7.7K0.1736.66N/AN/A394663,447320
2017-10-26$17.50$15.0054.0%15.5%20.4%24.5%54.4%0.6%-8.5%114.9K-3.3M-7.8K0.1517.77N/AN/A400623,506321
2017-10-27$17.68$15.0053.3%15.3%18.6%23.9%55.5%9.0%-6.8%116.2K-3.4M-7.7K0.1622.87N/AN/A379623,502319
2017-10-30$18.08$15.0060.3%17.3%19.9%30.2%54.8%-2.7%-14.4%126.1K-3.7M-7.4K0.0989.51N/AN/A680633,510319
2017-10-31$18.20$15.0062.5%17.9%19.9%32.3%61.3%-3.5%-16.5%122.6K-3.9M-7.1K0.0729.32N/AN/A1,316893,449315