FORM Options History — June 2018

In June 2018, FORM traded between $13.08 and $14.40. ATM implied volatility averaged 32.2%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 7.7% (HV 20d: 24.5%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.27.

Notable Days

  • 2018-06-19: Highest Volume — 623 contracts
  • 2018-06-27: Largest IV spike — 53.9% change
  • 2018-06-29: Highest IV Rank — 40.0%
  • 2018-06-29: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.02$13.08$14.40$14.15$13.38
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV32.2%18.4%43.5%27.4%43.5%
Expected Move10.0%7.2%12.5%7.9%12.5%
HV 20d24.5%21.6%31.6%26.1%29.5%
HV 60d47.9%45.7%49.0%48.9%47.1%
IV Rank21.3%0.0%40.0%5.9%40.0%
IV Percentile12.6%0.0%52.0%1.2%52.0%
Term Structure8.5%4.6%26.1%4.6%11.4%
VWIV33.8%26.1%40.1%26.1%37.4%
Skew 25d5.5%-13.3%21.0%-7.8%21.0%
Skew 10d8.5%-17.1%21.9%-9.1%11.3%
Call IV 25d30.8%20.0%40.1%31.3%27.7%
Put IV 25d36.3%23.5%48.7%23.5%48.7%
Bid-Ask Spread %24.358.7997.379.7797.37
Gamma HHI0.380.270.570.320.37
Net GEX8.0K1.8K14.9K7.4K6.9K
Net DEX-419.6K-735.6K84.6K-654.7K21.8K
Net VEX-2.8K-3.1K-2.4K-3.0K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.120.420.280.42
Total Volume422.524352623362453
Total OI2,528.3812,1982,6182,5262,550

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-06-01$14.15$12.5027.4%7.9%26.1%5.9%26.1%-7.8%4.6%7.4K-654.7K-3.0K0.289.77N/AN/A282801,947579
2018-06-04$14.13$12.5020.4%10.0%25.9%0.0%34.9%8.9%6.3%6.2K-665.3K-2.9K0.2837.86N/AN/A287801,952579
2018-06-05$14.40$12.5027.2%10.3%23.7%11.1%34.8%9.5%5.1%10.6K-735.6K-3.1K0.2712.89N/AN/A285761,959579
2018-06-06$14.38$12.5018.4%10.0%22.9%0.0%33.8%9.8%8.1%7.0K-734.7K-3.0K0.2614.06N/AN/A291761,962579
2018-06-07$14.13$12.5023.4%9.9%23.2%8.1%35.3%-13.3%7.8%5.4K-659.8K-2.8K0.2725.68N/AN/A281761,972579
2018-06-08$14.05$12.5030.3%10.2%23.3%19.0%35.5%-7.5%5.2%9.0K-621.1K-2.8K0.2724.35N/AN/A281761,970579
2018-06-11$14.08$12.5036.8%10.3%23.2%29.3%36.5%5.3%4.9%6.2K-649.0K-2.7K0.2513.58N/AN/A281711,980579
2018-06-12$14.23$12.5032.3%9.1%23.1%22.1%35.1%1.3%8.3%4.1K-658.6K-2.6K0.3113.62N/AN/A290891,980584
2018-06-13$14.23$12.5033.6%9.6%22.3%24.1%33.5%-0.9%6.6%5.5K-683.8K-2.7K0.3119.41N/AN/A284891,990604
2018-06-14$14.23$12.5032.2%9.2%21.8%22.0%33.0%5.2%7.6%2.5K-641.9K-2.7K0.3116.94N/AN/A290891,994624
2018-06-15$14.05$12.5033.5%9.6%22.4%24.0%33.9%2.5%6.3%1.8K-603.6K-2.6K0.3216.45N/AN/A278891,992624
2018-06-18$14.35$12.5035.5%10.2%21.9%27.3%35.1%9.3%8.2%3.6K-199.5K-2.8K0.1361.87N/AN/A519691,596602
2018-06-19$14.33$12.5034.8%10.0%21.9%26.0%34.8%8.3%9.8%14.9K-322.2K-3.1K0.1216.81N/AN/A554691,850602
2018-06-20$14.28$12.5033.6%9.6%21.6%24.3%30.1%7.2%9.5%14.6K-304.1K-3.0K0.2017.84N/AN/A352691,883602
2018-06-21$14.05$12.5034.2%9.8%22.7%25.1%30.1%3.8%9.5%13.0K-247.6K-2.9K0.2050.63N/AN/A352691,878602
2018-06-22$14.13$12.5033.9%9.7%21.9%24.7%32.7%5.5%10.0%14.3K-289.8K-3.1K0.2014.54N/AN/A352691,924602
2018-06-25$13.48$12.5040.9%11.7%26.9%35.8%34.9%15.7%7.4%10.1K-88.8K-2.7K0.209.44N/AN/A352701,924602
2018-06-26$13.83$12.5025.3%7.2%28.4%10.9%29.7%16.7%26.1%11.3K-155.8K-2.6K0.3713.68N/AN/A3521291,924604
2018-06-27$13.40$12.5038.9%11.1%30.5%32.6%33.0%14.8%8.4%7.8K-2.9K-2.7K0.378.79N/AN/A3521291,923663
2018-06-28$13.08$12.5040.6%11.6%31.6%35.3%40.1%-0.4%8.0%6.3K84.6K-2.4K0.3215.87N/AN/A4111301,923655
2018-06-29$13.38$12.5043.5%12.5%29.5%40.0%37.4%21.0%11.4%6.9K21.8K-2.6K0.4297.37N/AN/A3191341,895655