FORM Options History — June 2019

In June 2019, FORM traded between $14.26 and $15.61. ATM implied volatility averaged 40.3%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 4.4% (HV 20d: 35.9%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 4.63.

Notable Days

  • 2019-06-13: Highest Volume — 1,046 contracts
  • 2019-06-04: Largest IV spike — 17.8% change
  • 2019-06-04: Highest IV Rank — 36.9%
  • 2019-06-04: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.83$14.26$15.61$14.26$15.61
Max Pain$15.38$15.00$17.50$17.50$15.00
ATM IV40.3%37.3%45.5%38.2%37.3%
Expected Move11.3%10.7%12.9%11.0%10.7%
HV 20d35.9%31.8%42.6%36.4%35.4%
HV 60d42.7%41.6%44.2%41.6%42.3%
IV Rank29.0%24.5%36.9%27.5%24.5%
IV Percentile41.7%32.1%57.1%40.1%32.1%
Term Structure4.9%-4.5%27.9%-0.8%11.0%
VWIV37.5%25.2%45.0%34.7%25.2%
Skew 25d2.8%-12.3%15.8%-7.0%12.0%
Skew 10d4.6%-15.1%24.8%-8.7%14.2%
Call IV 25d36.3%24.8%47.2%45.0%24.8%
Put IV 25d39.2%30.2%48.0%38.0%36.8%
Bid-Ask Spread %88.0871.94104.11104.1173.07
Gamma HHI0.620.550.660.640.62
Net GEX49.5K38.2K70.3K39.7K70.3K
Net DEX-662.6K-1.3M-228.7K-523.3K-1.3M
Net VEX-5.4K-6.5K-4.5K-4.6K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.630.0032.4820.000.29
Total Volume135.141,0462136
Total OI3,168.52,5833,6282,5833,451

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$14.26$17.5038.2%11.0%36.4%27.5%34.7%-7.0%-0.8%39.7K-523.3K-4.6K20.00104.11N/AN/A1201,847736
2019-06-04$14.74$17.5045.0%12.9%39.5%36.9%45.0%-4.4%-4.5%43.2K-698.4K-4.7K1.4397.55N/AN/A14201,848756
2019-06-05$14.64$17.5043.7%12.5%39.5%35.1%43.7%-8.6%-4.1%43.5K-613.5K-4.7K0.8386.85N/AN/A24201,848756
2019-06-06$14.75$15.0042.8%11.5%39.7%33.9%40.3%15.8%2.6%43.2K-698.8K-4.7K0.9583.87N/AN/A21201,850756
2019-06-07$14.79$15.0044.6%11.3%39.1%34.8%39.5%14.4%3.0%46.3K-751.0K-4.7K0.9186.87N/AN/A22201,851756
2019-06-10$15.41$15.0044.0%11.2%42.6%33.9%0.0%-3.0%4.1%50.6K-1.1M-4.6K0.0082.90N/AN/A0151,850756
2019-06-11$15.57$15.0045.5%11.3%35.2%36.1%38.7%-0.8%2.8%51.1K-1.2M-4.6K0.5481.55N/AN/A37201,850756
2019-06-12$14.93$15.0040.0%11.5%34.8%28.3%40.6%4.6%3.1%49.2K-836.4K-4.5K1.2785.86N/AN/A37471,875756
2019-06-13$15.13$15.0038.9%11.1%35.1%26.7%39.5%7.3%3.1%44.9K-772.3K-6.5K25.8284.25N/AN/A391,0071,8951,716
2019-06-14$14.52$15.0039.3%11.3%37.4%27.2%40.5%8.1%2.6%39.9K-367.7K-6.2K32.4888.18N/AN/A311,0071,8951,716
2019-06-17$14.38$15.0040.3%11.5%35.2%28.7%41.4%-12.3%2.5%38.2K-228.7K-6.0K0.0084.28N/AN/A1801,8961,716
2019-06-18$14.72$15.0038.7%11.1%35.3%26.4%38.0%3.0%4.6%44.3K-495.7K-6.1K0.0097.92N/AN/A1401,9121,716
2019-06-19$14.76$15.0040.1%11.5%34.9%28.4%36.8%15.5%-0.4%42.9K-543.8K-6.0K0.00102.53N/AN/A1901,9121,716
2019-06-20$14.72$15.0037.7%10.8%33.3%25.0%37.0%13.1%4.3%43.7K-453.0K-6.0K0.00102.57N/AN/A2701,9121,716
2019-06-21$14.61$15.0038.5%11.0%31.8%26.2%36.9%5.4%3.2%52.9K-315.5K-5.8K3.28103.53N/AN/A18591,9101,700
2019-06-24$14.48$15.0037.7%10.8%32.0%25.0%37.5%-5.9%27.9%55.4K-389.7K-5.5K0.0080.81N/AN/A401,8451,597
2019-06-25$14.41$15.0037.9%10.9%31.8%25.3%37.5%-6.5%10.2%55.2K-355.9K-5.4K0.0080.35N/AN/A1901,8461,597
2019-06-26$14.86$15.0037.4%10.7%33.7%24.7%32.7%-2.0%12.7%65.5K-651.2K-5.7K0.0082.69N/AN/A1701,8461,583
2019-06-27$15.32$15.0037.9%10.9%35.2%25.2%27.9%8.0%10.1%69.7K-1.0M-5.5K0.2071.94N/AN/A4181,8471,583
2019-06-28$15.61$15.0037.3%10.7%35.4%24.5%25.2%12.0%11.0%70.3K-1.3M-5.3K0.2973.07N/AN/A2881,8601,591