FORM Options History — April 2019

In April 2019, FORM traded between $16.89 and $18.86. ATM implied volatility averaged 48.8%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 20.9% (HV 20d: 27.9%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2019-04-02: Highest Volume — 1,217 contracts
  • 2019-04-10: Largest IV spike — 57.2% change
  • 2019-04-29: Highest IV Rank — 66.7%
  • 2019-04-29: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.15$16.89$18.86$16.89$18.86
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV48.8%29.4%66.5%34.9%63.5%
Expected Move15.5%12.5%19.1%12.6%18.2%
HV 20d27.9%19.5%32.5%32.5%19.5%
HV 60d27.7%23.5%30.9%30.9%24.1%
IV Rank42.2%15.3%66.7%22.8%62.6%
IV Percentile59.0%9.5%94.0%25.4%90.5%
Term Structure-11.3%-19.6%9.9%3.5%-18.2%
VWIV55.5%49.2%75.0%49.2%65.2%
Skew 25d5.7%-3.5%10.0%-3.5%8.9%
Skew 10d10.3%-4.3%22.0%1.8%22.0%
Call IV 25d50.3%30.8%61.6%35.1%61.4%
Put IV 25d56.0%30.6%70.2%31.6%70.2%
Bid-Ask Spread %77.7668.94101.33100.6977.04
Gamma HHI0.430.360.480.460.36
Net GEX60.0K41.7K82.6K54.1K55.5K
Net DEX-4.1M-5.2M-2.2M-2.2M-3.7M
Net VEX-6.7K-8.2K-5.6K-6.8K-5.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.004.290.164.29
Total Volume235.09541,21732374
Total OI4,111.193,2074,9653,7833,253

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$16.89$15.0034.9%12.6%32.5%22.8%49.2%-3.5%3.5%54.1K-2.2M-6.8K0.16100.69N/AN/A279442,5941,189
2019-04-02$16.97$15.0031.1%12.5%32.4%17.6%53.4%-0.1%9.9%62.9K-2.4M-7.0K0.03101.33N/AN/A1,185322,7101,233
2019-04-03$17.44$15.0032.6%13.7%32.3%19.7%53.2%3.3%-8.6%81.1K-3.9M-8.2K0.0372.33N/AN/A22773,4101,265
2019-04-04$17.46$15.0031.9%14.2%30.8%18.7%50.6%5.3%-9.8%78.6K-3.7M-8.1K0.1372.09N/AN/A5373,3231,267
2019-04-05$17.73$15.0029.4%13.9%30.5%15.3%49.7%5.4%-9.5%81.8K-4.1M-7.9K0.0768.94N/AN/A9873,3341,265
2019-04-08$17.95$15.0030.8%14.2%29.7%17.2%53.7%5.8%-8.8%82.6K-4.3M-7.3K1.3375.82N/AN/A51683,3061,265
2019-04-09$17.95$15.0031.8%14.7%29.5%18.6%54.7%7.1%-11.1%77.9K-4.4M-7.3K1.2976.67N/AN/A56723,3101,321
2019-04-10$18.39$15.0049.9%14.3%30.0%43.7%51.3%5.0%-9.0%53.2K-5.1M-6.0K0.3474.29N/AN/A269913,3001,324
2019-04-11$18.45$15.0051.5%14.8%29.8%45.9%53.0%6.0%-11.7%48.1K-5.0M-6.2K0.8273.64N/AN/A1281053,2601,393
2019-04-12$18.57$15.0051.3%14.7%29.7%45.6%53.2%4.7%-11.5%41.7K-5.1M-6.1K0.6174.78N/AN/A97593,2581,383
2019-04-15$18.47$15.0051.8%14.9%29.7%46.3%51.0%5.0%-11.4%43.8K-5.0M-5.6K0.0078.46N/AN/A31603,2451,386
2019-04-16$18.59$15.0053.6%15.4%29.5%48.8%50.8%4.3%-13.4%46.0K-5.1M-5.8K0.1775.39N/AN/A128223,2951,386
2019-04-17$18.34$15.0055.0%15.8%30.3%50.7%54.8%7.8%-14.9%53.1K-4.9M-6.0K0.0377.08N/AN/A863273,2951,396
2019-04-18$18.35$15.0056.5%16.2%27.9%52.8%55.9%7.1%-17.0%56.2K-5.2M-7.0K0.1774.79N/AN/A179313,5691,396
2019-04-22$18.27$15.0058.2%16.7%23.3%55.2%57.5%7.2%-13.1%58.4K-3.5M-6.7K0.0078.35N/AN/A3302,655552
2019-04-23$18.48$15.0059.7%17.1%23.1%57.2%60.5%10.0%-15.7%57.0K-3.6M-6.7K0.6175.55N/AN/A33202,663552
2019-04-24$18.74$15.0060.9%17.5%23.0%58.9%61.2%6.5%-15.7%54.2K-3.7M-6.4K0.7275.37N/AN/A53382,654572
2019-04-25$18.35$15.0062.2%17.8%24.7%60.7%60.6%7.7%-15.1%58.1K-3.5M-6.6K0.6976.57N/AN/A55382,655587
2019-04-26$18.41$15.0062.1%17.8%24.6%60.6%50.8%8.8%-15.8%58.4K-3.5M-6.4K0.7676.98N/AN/A50382,650607
2019-04-29$18.39$15.0066.5%19.1%23.8%66.7%75.0%8.1%-19.6%56.9K-3.4M-6.5K0.0076.83N/AN/A402,650607
2019-04-30$18.86$15.0063.5%18.2%19.5%62.6%65.2%8.9%-18.2%55.5K-3.7M-5.8K4.2977.04N/AN/A14602,646607