FORM Options History — July 2018

In July 2018, FORM traded between $12.80 and $14.80. ATM implied volatility averaged 47.3%, placing in the 46.0% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 6.9% (HV 20d: 40.4%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 3.35.

Notable Days

  • 2018-07-24: Highest Volume — 3,082 contracts
  • 2018-07-11: Largest IV spike — 58.3% change
  • 2018-07-25: Highest IV Rank — 79.3%
  • 2018-07-25: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.72$12.80$14.80$13.50$13.00
Max Pain$14.76$12.50$15.00$12.50$15.00
ATM IV47.3%20.0%68.3%36.4%67.3%
Expected Move14.7%10.1%19.6%10.4%19.3%
HV 20d40.4%28.9%47.2%29.8%45.5%
HV 60d44.1%32.9%48.7%46.7%34.8%
IV Rank46.0%2.7%79.3%28.7%77.7%
IV Percentile58.7%0.4%98.0%17.1%97.2%
Term Structure-5.3%-13.5%13.5%13.5%-13.4%
VWIV50.4%25.4%73.3%25.4%64.9%
Skew 25d6.5%-6.4%19.7%10.6%-5.3%
Skew 10d9.1%-18.4%42.9%17.0%-5.2%
Call IV 25d47.8%24.5%69.6%24.6%69.6%
Put IV 25d54.3%23.8%77.5%35.2%64.3%
Bid-Ask Spread %34.599.5099.3715.8438.59
Gamma HHI0.460.290.740.450.70
Net GEX-8.9K-49.4K11.1K6.1K-48.3K
Net DEX568.2K-283.9K2.4M23.1K2.3M
Net VEX-2.7K-3.9K-2.2K-2.4K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.350.4141.220.423.88
Total Volume616.0952463,082453615
Total OI2,688.3811,1913,3262,5533,326

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$13.50$12.5036.4%10.4%29.8%28.7%25.4%10.6%13.5%6.1K23.1K-2.4K0.4215.84N/AN/A3191341,894659
2018-07-03$13.60$12.5035.2%10.1%28.9%26.7%26.4%-0.8%5.6%7.4K-30.7K-2.5K0.4210.09N/AN/A3191341,894659
2018-07-05$13.93$15.0020.0%12.9%30.5%2.7%45.2%3.4%-3.9%4.6K-19.5K-2.2K0.4116.91N/AN/A3301341,894659
2018-07-06$14.40$15.0023.2%12.9%32.2%7.7%45.4%15.6%-4.5%7.6K-154.3K-2.7K0.6112.16N/AN/A3382071,894724
2018-07-09$14.80$15.0029.0%12.9%33.4%16.9%45.1%18.0%-5.5%11.1K-283.9K-2.7K0.7226.34N/AN/A2902101,899737
2018-07-10$14.15$15.0031.4%14.2%37.5%20.7%49.9%1.9%-7.6%5.7K-15.8K-2.4K0.8620.60N/AN/A3112661,900733
2018-07-11$13.40$15.0049.7%14.2%41.9%49.8%46.7%0.9%-5.1%2.3K162.0K-2.6K0.8615.70N/AN/A3112661,932849
2018-07-12$13.58$15.0050.8%14.6%42.3%51.6%46.4%5.3%-8.0%-1.3K171.9K-2.4K0.8610.25N/AN/A3082661,932843
2018-07-13$13.63$15.0052.3%15.0%42.4%53.9%49.0%6.4%-8.6%-1.1K164.5K-2.4K0.839.50N/AN/A3222661,933843
2018-07-16$13.88$15.0049.0%14.1%42.8%48.7%49.5%10.8%-8.2%-500112.1K-2.4K0.8010.65N/AN/A3312661,952843
2018-07-17$14.15$15.0045.6%13.1%42.6%43.4%46.0%9.5%-6.7%2.9K36.9K-2.5K0.8392.20N/AN/A3202661,948843
2018-07-18$14.35$15.0051.9%14.9%43.0%53.4%51.4%8.1%-9.5%4.6K14.7K-2.5K0.8386.08N/AN/A3192661,949843
2018-07-19$14.10$15.0042.9%12.3%43.4%39.0%43.1%11.8%-3.6%-87954.3K-2.5K0.8099.37N/AN/A3192551,954834
2018-07-20$13.98$15.0048.5%13.9%43.1%47.9%49.3%11.1%-6.3%-1.4K90.3K-2.4K0.5911.43N/AN/A3161881,954836
2018-07-23$14.08$15.0050.4%14.4%43.1%50.9%50.6%10.6%-5.7%-1.1K-13.3K-2.4K2.8433.08N/AN/A64182649542
2018-07-24$13.78$15.0057.4%16.4%40.3%62.0%54.7%-6.4%-13.5%-1.2K51.1K-2.3K41.2237.25N/AN/A733,009674531
2018-07-25$12.80$15.0068.3%19.6%47.2%79.3%73.3%9.6%-9.1%-44.9K2.2M-3.8K2.1854.11N/AN/A911986842,530
2018-07-26$13.08$15.0055.8%16.0%46.8%59.5%64.8%19.7%1.3%-49.4K2.3M-3.6K2.3739.10N/AN/A821946872,539
2018-07-27$13.03$15.0062.8%18.0%46.0%70.6%62.6%-2.1%-11.7%-43.7K2.4M-3.3K2.3747.08N/AN/A821946862,544
2018-07-30$12.85$15.0065.3%18.7%45.4%74.7%68.3%-1.8%-0.2%-45.5K2.3M-3.3K5.5640.08N/AN/A884896862,544
2018-07-31$13.00$15.0067.3%19.3%45.5%77.7%64.9%-5.3%-13.4%-48.3K2.3M-3.9K3.8838.59N/AN/A1264896922,634