FORM Options History — August 2019

In August 2019, FORM traded between $16.43 and $17.94. ATM implied volatility averaged 32.2%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 6.1% (HV 20d: 38.4%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 19.15.

Notable Days

  • 2019-08-22: Highest Volume — 404 contracts
  • 2019-08-12: Largest IV spike — 26.9% change
  • 2019-08-05: Highest IV Rank — 29.1%
  • 2019-08-05: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.97$16.43$17.94$17.94$17.06
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV32.2%21.1%42.4%34.3%30.8%
Expected Move9.6%8.8%11.0%9.8%8.8%
HV 20d38.4%30.0%41.2%36.8%30.0%
HV 60d34.9%33.2%38.4%37.9%34.0%
IV Rank15.5%0.0%29.1%17.2%13.9%
IV Percentile15.2%0.0%47.6%17.9%9.5%
Term Structure0.1%-2.5%1.9%-1.8%1.3%
VWIV33.0%23.0%38.3%32.7%33.8%
Skew 25d4.6%-9.9%13.0%10.7%-3.3%
Skew 10d9.4%-8.5%26.1%18.2%-3.2%
Call IV 25d29.2%25.1%34.7%26.5%28.8%
Put IV 25d33.8%24.3%42.3%37.2%25.5%
Bid-Ask Spread %83.4871.1694.8494.8482.68
Gamma HHI0.600.260.790.780.67
Net GEX50.9K3.9K106.3K71.6K54.6K
Net DEX-613.7K-1.5M-221.9K-1.5M-576.4K
Net VEX-3.5K-4.0K-2.7K-3.3K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio19.150.00161.000.180.00
Total Volume76.514043882
Total OI2,8912,3203,2962,7172,925

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$17.94$15.0034.3%9.8%36.8%17.2%32.7%10.7%-1.8%71.6K-1.5M-3.3K0.1894.84N/AN/A328601,3361,381
2019-08-02$17.55$15.0033.6%9.6%38.0%16.2%34.3%-1.8%-1.0%84.4K-1.4M-3.7K0.2183.95N/AN/A48101,5341,387
2019-08-05$16.87$15.0042.4%11.0%41.0%29.1%38.3%12.1%-2.5%66.5K-880.5K-3.8K0.0985.50N/AN/A1111,5171,380
2019-08-06$16.86$15.0037.7%9.7%38.5%22.2%0.0%9.8%-0.5%74.6K-893.9K-3.5K112.0077.88N/AN/A11121,5271,380
2019-08-07$16.70$15.0029.8%9.6%38.7%10.5%0.0%11.2%0.9%68.8K-741.8K-3.4K0.0084.93N/AN/A061,5271,380
2019-08-08$17.09$15.0024.9%10.0%39.2%3.4%34.8%12.7%-0.6%101.1K-949.7K-3.4K101.0071.16N/AN/A11011,5271,379
2019-08-09$16.68$15.0021.1%9.6%40.3%0.0%33.5%11.9%1.4%50.5K-557.5K-3.4K0.0079.09N/AN/A301,5271,480
2019-08-12$16.73$15.0026.8%9.5%40.0%8.2%0.0%13.0%1.9%54.4K-549.9K-3.2K161.0078.05N/AN/A23221,5171,480
2019-08-13$17.03$15.0030.4%9.9%39.8%13.3%23.0%10.2%-0.8%106.3K-709.5K-3.4K8.0088.11N/AN/A181,5171,779
2019-08-14$16.84$15.0036.5%10.5%40.1%22.2%35.0%11.7%-2.1%73.6K-600.6K-3.5K0.5687.57N/AN/A951,5171,771
2019-08-15$16.76$15.0035.5%10.2%40.2%20.7%35.3%4.0%0.3%65.6K-609.3K-3.4K0.0094.48N/AN/A061,5201,776
2019-08-16$17.28$15.0033.5%9.6%41.2%17.9%33.5%1.8%0.2%3.9K-542.6K-3.1K0.0093.22N/AN/A701,5201,776
2019-08-19$17.19$15.0032.4%9.3%40.9%16.3%32.4%4.4%-0.5%5.0K-221.9K-2.7K0.0084.64N/AN/A15805851,735
2019-08-20$17.13$15.0031.5%9.0%40.2%14.9%31.5%-2.7%1.5%13.8K-290.4K-3.3K0.0074.80N/AN/A1807351,735
2019-08-21$17.18$15.0032.8%9.4%37.2%16.8%32.8%8.6%0.1%15.2K-308.4K-3.3K0.0077.19N/AN/A807511,735
2019-08-22$17.15$15.0031.4%9.0%35.5%14.8%31.4%11.9%1.3%16.4K-317.8K-3.2K0.0077.21N/AN/A40407591,735
2019-08-23$16.43$15.0032.8%9.4%38.9%16.9%32.9%-8.1%0.8%30.6K-271.0K-4.0K0.0091.19N/AN/A1001,1591,735
2019-08-26$16.56$15.0033.8%9.7%39.0%18.2%33.8%-9.9%0.0%34.2K-324.0K-3.9K0.0087.12N/AN/A801,1541,735
2019-08-27$16.49$15.0033.5%9.6%38.7%17.7%0.0%-9.6%0.4%34.1K-307.1K-3.8K0.0090.22N/AN/A101,1601,735
2019-08-28$16.80$15.0032.3%9.3%39.2%16.1%0.0%5.7%1.5%42.4K-413.9K-3.8K0.0078.14N/AN/A201,1611,735
2019-08-29$17.10$15.0031.2%9.0%30.9%14.6%0.0%-2.5%1.5%52.7K-579.1K-3.7K0.0074.61N/AN/A3001,1631,735
2019-08-30$17.06$15.0030.8%8.8%30.0%13.9%0.0%-3.3%1.3%54.6K-576.4K-3.5K0.0082.68N/AN/A201,1901,735