FORM Options History — October 2018

In October 2018, FORM traded between $11.42 and $13.73. ATM implied volatility averaged 51.9%, placing in the 53.3% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 8.8% (HV 20d: 43.1%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 2.92.

Notable Days

  • 2018-10-17: Highest Volume — 738 contracts
  • 2018-10-04: Largest IV spike — 77.4% change
  • 2018-10-31: Highest IV Rank — 73.0%
  • 2018-10-31: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.50$11.42$13.73$13.22$12.24
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV51.9%24.4%64.3%38.7%64.3%
Expected Move15.1%7.0%18.4%11.1%18.4%
HV 20d43.1%39.8%48.8%40.5%45.9%
HV 60d43.9%39.8%45.5%45.3%41.9%
IV Rank53.3%9.6%73.0%32.3%73.0%
IV Percentile75.0%2.4%96.0%35.3%96.0%
Term Structure-7.1%-21.3%21.8%10.9%-15.0%
VWIV50.9%21.9%64.0%36.0%64.0%
Skew 25d5.3%-15.2%26.1%13.5%25.6%
Skew 10d14.9%-15.9%54.4%18.2%41.8%
Call IV 25d47.4%22.0%62.2%25.2%50.5%
Put IV 25d52.7%23.3%76.1%38.8%76.1%
Bid-Ask Spread %26.779.2590.0518.7262.12
Gamma HHI0.560.340.920.490.38
Net GEX-10.1K-71.6K1.3K-7.6K-2.9K
Net DEX149.7K-137.4K330.5K30.6K223.5K
Net VEX-1.6K-1.9K-1.3K-1.8K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.920.605.440.744.59
Total Volume490.261326738356565
Total OI1,649.7838322,2101,993896

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-10-01$13.22$12.5038.7%11.1%40.5%32.3%36.0%13.5%10.9%-7.6K30.6K-1.8K0.7418.72N/AN/A2051511,362631
2018-10-02$13.52$12.5036.4%10.4%41.4%28.6%39.3%2.4%21.7%-2.5K-40.9K-1.8K0.7510.22N/AN/A1971471,364632
2018-10-03$13.73$12.5024.4%7.0%42.0%9.6%21.9%1.4%21.8%1.3K-83.6K-1.5K0.6910.08N/AN/A2141471,370632
2018-10-04$13.15$12.5043.3%14.1%39.8%39.7%48.1%6.6%-7.0%-8.1K50.2K-1.7K0.7918.30N/AN/A1881481,398632
2018-10-05$12.70$12.5043.4%14.2%40.0%39.7%49.2%5.3%-8.0%-14.2K159.8K-1.6K0.6616.04N/AN/A2261491,400634
2018-10-08$12.34$12.5047.4%14.8%40.9%46.2%50.0%7.1%-8.2%-14.3K221.3K-1.5K0.6022.34N/AN/A2471481,438635
2018-10-09$12.32$12.5048.1%15.0%40.9%47.2%50.9%-9.1%-9.1%-11.4K194.4K-1.5K1.4431.64N/AN/A1341931,497635
2018-10-10$12.00$12.5054.1%15.5%41.4%56.8%54.4%-15.2%-10.4%-7.9K246.7K-1.3K1.4148.60N/AN/A1351911,459590
2018-10-11$12.10$12.5053.5%15.3%41.3%55.8%41.1%4.0%-9.1%-12.9K198.0K-1.3K2.7434.75N/AN/A1353701,460573
2018-10-12$12.20$12.5052.7%15.1%41.3%54.5%51.9%5.3%-8.2%-12.1K202.1K-1.4K2.6821.04N/AN/A1383701,460575
2018-10-15$12.48$12.5054.2%15.5%42.4%57.0%41.0%26.1%-9.9%-14.6K109.0K-1.4K2.6828.93N/AN/A1383701,465575
2018-10-16$12.99$12.5053.0%15.2%44.0%55.1%52.0%6.6%-9.8%-6.8K-40.5K-1.4K2.6624.45N/AN/A1403721,465575
2018-10-17$13.21$12.5051.9%14.9%43.3%53.3%51.8%6.0%-5.6%-6.2K-137.4K-1.4K2.2114.68N/AN/A2305081,465575
2018-10-18$12.76$12.5053.8%15.4%44.7%56.3%54.1%-7.3%-8.0%-20.4K122.2K-1.9K2.0512.40N/AN/A2314741,447758
2018-10-19$12.44$12.5056.2%16.1%45.0%60.2%53.6%21.2%-12.6%-71.6K330.5K-1.8K3.4916.20N/AN/A1364741,453757
2018-10-22$12.56$12.5057.4%16.4%44.6%62.0%54.7%6.6%-11.1%-3.4K208.5K-1.8K5.389.25N/AN/A85457364468
2018-10-23$12.50$12.5056.8%16.3%44.4%61.0%54.3%3.2%-21.3%-2.5K188.8K-1.9K5.3841.40N/AN/A85457415468
2018-10-24$11.81$12.5057.0%16.3%48.5%61.4%57.5%-0.9%-10.4%-3.1K251.7K-1.6K5.3822.07N/AN/A85457415468
2018-10-25$11.95$12.5059.3%17.0%48.8%65.0%59.7%4.1%-11.8%-3.1K247.9K-1.6K5.3817.68N/AN/A85457415468
2018-10-26$11.79$12.5062.8%18.0%43.1%70.7%61.8%16.4%-13.3%-2.9K251.2K-1.6K5.2519.86N/AN/A87457415468
2018-10-29$11.42$12.5062.9%18.0%42.0%70.7%61.3%-8.9%-15.6%-3.0K263.2K-1.5K5.4490.05N/AN/A84457419468
2018-10-30$12.01$12.5062.9%18.0%45.7%70.8%62.4%0.8%-12.3%-3.0K245.6K-1.6K4.8725.00N/AN/A94458418468
2018-10-31$12.24$12.5064.3%18.4%45.9%73.0%64.0%25.6%-15.0%-2.9K223.5K-1.6K4.5962.12N/AN/A101464427469