FORM Options History — July 2019

In July 2019, FORM traded between $15.09 and $16.95. ATM implied volatility averaged 49.6%, placing in the 40.2% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 19.1% (HV 20d: 30.4%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.56.

Notable Days

  • 2019-07-30: Highest Volume — 492 contracts
  • 2019-07-10: Largest IV spike — 37.3% change
  • 2019-07-31: Highest IV Rank — 54.4%
  • 2019-07-31: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.87$15.09$16.95$15.97$16.76
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV49.6%35.5%59.6%36.7%59.6%
Expected Move14.7%10.5%17.1%10.5%17.1%
HV 20d30.4%26.2%35.6%35.6%28.7%
HV 60d42.1%35.3%44.3%42.6%35.3%
IV Rank40.2%21.9%54.4%23.6%54.4%
IV Percentile63.5%23.4%85.7%29.4%85.7%
Term Structure-8.5%-18.9%13.1%13.1%-18.9%
VWIV50.9%36.5%62.4%36.5%62.4%
Skew 25d8.4%-8.1%20.3%14.2%19.7%
Skew 10d15.5%-20.5%27.4%13.6%25.2%
Call IV 25d44.6%21.7%53.0%22.2%46.7%
Put IV 25d53.0%36.3%66.4%36.3%66.4%
Bid-Ask Spread %77.2165.6987.2573.9865.69
Gamma HHI0.600.370.830.590.63
Net GEX63.1K-196164.1K69.3K35.6K
Net DEX-977.0K-1.8M-51.7K-1.6M-601.2K
Net VEX-3.9K-4.9K-3.1K-4.7K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.002.131.190.20
Total Volume110.409949292331
Total OI2,993.0451,8113,5683,4562,551

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$15.97$15.0036.7%10.5%35.6%23.6%36.5%14.2%13.1%69.3K-1.6M-4.7K1.1973.98N/AN/A42501,8651,591
2019-07-02$15.78$15.0037.5%10.8%34.6%24.8%37.6%15.9%11.5%70.6K-1.4M-4.9K0.6270.25N/AN/A50311,8741,631
2019-07-03$15.82$15.0036.5%10.5%34.4%23.3%36.6%11.6%12.7%72.1K-1.5M-4.9K0.6673.14N/AN/A47311,8781,632
2019-07-05$15.75$15.0035.5%13.8%34.4%21.9%46.2%4.1%-7.8%76.6K-1.5M-4.6K0.1577.01N/AN/A80121,8791,632
2019-07-08$15.62$15.0040.7%14.6%34.7%26.6%51.3%7.0%-9.5%83.3K-1.3M-4.6K0.0075.03N/AN/A901,8821,633
2019-07-09$15.09$15.0037.5%14.4%34.0%21.9%50.2%5.0%-8.1%101.8K-842.3K-4.7K0.1974.90N/AN/A3671,8831,632
2019-07-10$15.30$15.0051.4%14.8%34.2%42.4%49.9%-7.8%-11.9%110.4K-1.2M-4.5K0.0781.30N/AN/A168121,8941,639
2019-07-11$15.28$15.0051.1%14.7%30.5%41.9%48.3%5.1%-9.7%112.9K-1.1M-4.4K0.1275.90N/AN/A104121,8941,643
2019-07-12$15.56$15.0050.1%14.4%30.8%40.4%49.0%5.5%-8.3%98.8K-1.4M-4.2K0.2376.88N/AN/A104241,8941,643
2019-07-15$15.44$15.0053.1%15.2%26.7%44.8%52.7%-3.6%-10.2%118.0K-1.3M-3.9K0.7582.88N/AN/A861,8941,620
2019-07-16$15.23$15.0052.2%15.0%27.0%43.6%52.3%-8.1%-10.1%164.1K-1.1M-3.9K0.6787.25N/AN/A961,9021,626
2019-07-17$15.43$15.0052.8%15.1%26.2%44.4%52.1%6.4%-10.7%133.1K-1.5M-3.6K1.0575.73N/AN/A21221,9021,626
2019-07-18$15.51$15.0053.9%15.4%26.2%46.0%52.5%8.0%-11.7%73.2K-1.8M-3.4K1.0576.51N/AN/A21221,9221,642
2019-07-19$15.47$15.0054.5%15.6%26.2%47.0%53.7%4.6%-12.3%-196-1.8M-3.3K0.8584.62N/AN/A26221,9261,642
2019-07-22$15.82$15.0055.2%15.8%26.9%48.0%51.2%0.7%-12.6%1.4K-51.7K-3.1K0.0476.53N/AN/A10545141,297
2019-07-23$16.23$15.0056.7%16.3%27.4%50.2%52.2%9.6%-11.5%7.3K-180.3K-3.2K0.1276.54N/AN/A128156221,297
2019-07-24$16.95$15.0052.9%15.2%30.2%44.6%55.2%18.8%-11.8%13.2K-347.5K-3.2K0.3383.21N/AN/A46156771,306
2019-07-25$16.46$15.0053.8%15.4%31.7%45.9%55.9%14.8%-12.9%11.3K-263.1K-3.2K1.6379.58N/AN/A59966861,306
2019-07-26$16.53$15.0054.6%15.7%30.3%47.1%56.7%14.1%-13.6%11.1K-255.7K-3.4K2.1377.80N/AN/A45967021,382
2019-07-29$16.47$15.0056.5%16.2%29.8%49.9%58.6%18.2%-14.1%11.2K-236.9K-3.4K0.3676.98N/AN/A1147041,382
2019-07-30$16.69$15.0057.4%16.4%29.2%51.1%57.8%20.3%-18.1%13.5K-305.4K-3.2K0.0376.92N/AN/A478147141,386
2019-07-31$16.76$15.0059.6%17.1%28.7%54.4%62.4%19.7%-18.9%35.6K-601.2K-3.9K0.2065.69N/AN/A276551,1551,396