FORM Options History — May 2019

In May 2019, FORM traded between $14.39 and $18.81. ATM implied volatility averaged 41.7%, placing in the 32.3% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 12.3% (HV 20d: 54.1%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 4.68.

Notable Days

  • 2019-05-14: Highest Volume — 305 contracts
  • 2019-05-13: Largest IV spike — 118.9% change
  • 2019-05-13: Highest IV Rank — 65.5%
  • 2019-05-01: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.06$14.39$18.81$18.81$14.39
Max Pain$18.52$15.00$20.00$15.00$17.50
ATM IV41.7%29.4%65.7%63.4%43.8%
Expected Move11.4%8.4%18.2%18.2%12.6%
HV 20d54.1%19.8%60.4%19.8%47.4%
HV 60d38.9%24.1%41.9%24.1%41.8%
IV Rank32.3%15.3%65.5%62.4%35.2%
IV Percentile46.1%9.5%93.7%90.5%53.2%
Term Structure-2.0%-8.7%2.4%-8.7%-4.3%
VWIV38.9%28.5%64.0%64.0%41.2%
Skew 25d4.0%-4.8%13.7%5.9%-4.0%
Skew 10d5.5%-7.5%26.1%9.8%-5.2%
Call IV 25d36.0%23.8%63.7%63.7%43.5%
Put IV 25d40.0%27.0%69.6%69.6%39.5%
Bid-Ask Spread %91.8155.91103.2555.91103.25
Gamma HHI0.550.370.660.370.64
Net GEX59.0K38.7K88.2K55.0K40.9K
Net DEX-1.8M-3.8M-518.6K-3.8M-518.6K
Net VEX-5.3K-6.1K-4.8K-5.7K-4.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.680.0056.750.351.83
Total Volume122.818030521817
Total OI2,994.8182,2663,3713,2532,583

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$18.81$15.0063.4%18.2%19.8%62.4%64.0%5.9%-8.7%55.0K-3.8M-5.7K0.3555.91N/AN/A162562,646607
2019-05-02$16.90$15.0030.5%8.7%43.3%16.8%28.5%-3.6%1.4%86.9K-2.5M-6.1K0.3078.50N/AN/A216642,720634
2019-05-03$18.18$15.0029.4%8.4%50.8%15.3%29.1%6.1%2.4%83.1K-3.6M-5.0K0.4796.58N/AN/A135642,729642
2019-05-06$17.77$20.0037.9%10.1%51.3%27.1%35.5%5.9%-2.3%86.2K-3.2M-5.4K0.0088.88N/AN/A4002,715637
2019-05-07$17.63$20.0041.8%9.9%51.1%32.4%34.6%2.8%-0.6%82.8K-2.9M-5.9K0.0093.21N/AN/A5202,698637
2019-05-08$17.27$20.0041.7%9.8%51.6%32.3%34.1%13.7%-0.2%88.2K-2.9M-5.3K0.0096.26N/AN/A4602,691637
2019-05-09$16.79$20.0036.6%10.5%51.4%25.3%36.7%10.4%-2.0%84.2K-2.4M-5.7K0.0092.16N/AN/A5202,680637
2019-05-10$16.72$20.0030.0%9.9%51.3%16.1%0.0%8.7%-0.3%85.3K-2.3M-5.3K0.0092.32N/AN/A002,684637
2019-05-13$15.60$20.0065.7%12.7%55.9%65.5%44.5%6.2%-3.6%62.3K-1.4M-5.5K0.8384.00N/AN/A12102,684637
2019-05-14$16.24$20.0047.2%11.5%58.6%39.9%34.9%6.2%0.9%51.4K-1.9M-5.2K0.3682.98N/AN/A225802,676623
2019-05-15$16.36$20.0034.0%9.7%58.6%21.6%34.6%3.7%0.2%67.7K-2.0M-5.1K0.1694.74N/AN/A2542,663624
2019-05-16$16.37$20.0036.7%10.5%58.6%25.4%36.7%3.3%-0.2%43.7K-1.9M-5.0K0.22102.76N/AN/A1842,666622
2019-05-17$15.72$20.0040.3%11.6%59.8%30.4%38.3%0.4%-3.0%46.4K-1.7M-5.1K0.20102.33N/AN/A56112,673622
2019-05-20$15.28$20.0044.6%12.8%60.2%36.3%44.6%11.5%-5.0%44.9K-1.0M-5.0K56.7599.10N/AN/A42271,805461
2019-05-21$15.50$20.0040.9%11.7%60.4%31.2%40.9%12.7%-2.7%46.0K-1.2M-5.2K15.6590.35N/AN/A172661,808688
2019-05-22$15.04$17.5042.1%12.1%60.2%32.8%42.0%6.0%-3.0%40.9K-889.1K-5.3K11.5782.92N/AN/A232661,818730
2019-05-23$14.62$17.5040.9%11.7%60.4%31.3%41.2%4.6%-1.3%38.7K-629.3K-5.1K1.8788.52N/AN/A841571,821730
2019-05-24$14.64$17.5041.2%11.8%60.4%31.6%41.2%0.9%-2.1%41.6K-692.8K-5.3K1.25102.92N/AN/A1261571,847732
2019-05-28$14.49$17.5042.2%12.1%60.2%33.0%0.0%-4.8%-3.7%41.8K-594.0K-5.0K0.0099.37N/AN/A001,847732
2019-05-29$14.49$17.5042.5%12.2%58.8%33.4%0.0%-3.2%-1.8%39.5K-553.4K-4.9K0.7193.77N/AN/A751,847732
2019-05-30$14.53$17.5044.3%12.7%59.0%35.9%0.0%-4.6%-4.0%40.9K-640.1K-4.9K1.0098.89N/AN/A771,847737
2019-05-31$14.39$17.5043.8%12.6%47.4%35.2%0.0%-4.0%-4.3%40.9K-518.6K-4.8K1.83103.25N/AN/A6111,847736