FORM Options History — October 2019

In October 2019, FORM traded between $18.69 and $21.84. ATM implied volatility averaged 49.7%, placing in the 41.1% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 13.9% (HV 20d: 35.8%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.40.

Notable Days

  • 2019-10-28: Highest Volume — 2,023 contracts
  • 2019-10-31: Largest IV drop — 45.2% change
  • 2019-10-24: Highest IV Rank — 63.8%
  • 2019-10-24: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.42$18.69$21.84$18.69$21.80
Max Pain$18.70$17.50$20.00$17.50$20.00
ATM IV49.7%24.0%65.4%38.7%31.4%
Expected Move15.0%6.9%18.8%11.1%9.0%
HV 20d35.8%30.9%39.0%31.1%37.4%
HV 60d33.8%31.7%35.6%32.9%31.7%
IV Rank41.1%4.2%63.8%25.3%14.8%
IV Percentile63.2%1.2%94.4%43.3%12.7%
Term Structure-10.5%-19.4%16.7%10.4%2.9%
VWIV53.9%31.7%63.3%45.6%31.7%
Skew 25d7.1%-6.4%21.1%5.8%7.4%
Skew 10d13.1%-18.4%40.3%-3.8%5.4%
Call IV 25d49.6%28.5%59.1%31.8%33.8%
Put IV 25d56.7%22.1%70.4%37.6%41.3%
Bid-Ask Spread %78.6972.4788.2777.1374.04
Gamma HHI0.600.290.880.430.81
Net GEX59.3K8.0K210.0K47.7K210.0K
Net DEX-2.0M-3.6M-1.2M-1.2M-3.6M
Net VEX-5.5K-9.3K-4.2K-5.0K-8.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.002.760.670.01
Total Volume17112,0235161
Total OI3,966.2613,1045,2833,4405,283

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$18.69$17.5038.7%11.1%31.1%25.3%0.0%5.8%10.4%47.7K-1.2M-5.0K0.6777.13N/AN/A321,4352,005
2019-10-02$18.89$17.5024.0%6.9%30.9%4.2%0.0%-6.4%16.7%53.6K-1.3M-4.7K1.5086.35N/AN/A14211,4412,007
2019-10-03$19.32$20.0031.0%13.0%31.1%14.3%45.6%5.4%-7.4%58.0K-1.4M-4.8K0.8376.92N/AN/A12101,4492,009
2019-10-04$20.29$20.0036.3%14.5%34.4%21.8%53.2%8.6%-11.3%57.4K-2.0M-4.4K2.7685.77N/AN/A2336421,4492,009
2019-10-07$20.16$20.0038.0%15.0%33.5%24.2%53.0%4.4%-8.9%52.1K-1.9M-5.7K0.1180.05N/AN/A3741,6112,629
2019-10-08$19.40$17.5036.4%15.0%36.6%22.0%51.5%9.6%-14.7%53.2K-1.3M-6.1K0.1087.81N/AN/A2121,6452,631
2019-10-09$19.61$17.5052.4%15.0%33.6%45.0%0.0%5.4%-11.8%59.3K-1.5M-5.9K0.0085.58N/AN/A401,6472,631
2019-10-10$20.05$17.5051.8%14.9%33.7%44.2%0.0%4.9%-11.2%66.9K-1.8M-5.7K0.0078.35N/AN/A011,6452,631
2019-10-11$20.16$17.5052.2%15.0%33.7%44.7%53.3%5.1%-10.7%72.2K-1.9M-5.4K0.0088.27N/AN/A501,6452,630
2019-10-14$19.81$17.5054.1%15.5%34.4%47.5%51.7%6.9%-15.5%83.1K-1.7M-5.3K0.5874.72N/AN/A19111,6422,630
2019-10-15$20.70$17.5051.6%14.8%37.1%43.8%49.1%6.4%-12.0%55.4K-2.5M-4.6K0.2072.63N/AN/A4181,6572,631
2019-10-16$20.30$17.5052.7%15.1%37.5%45.4%52.8%5.8%-14.7%126.1K-2.2M-4.7K0.0877.22N/AN/A3731,6582,634
2019-10-17$20.83$17.5052.6%15.1%37.8%45.4%51.9%8.1%-11.9%29.0K-2.6M-4.2K0.0081.26N/AN/A10401,6582,634
2019-10-18$20.46$17.5052.8%15.1%38.6%45.7%52.2%5.0%-11.1%8.4K-2.5M-4.9K0.0178.68N/AN/A20211,7172,635
2019-10-21$20.85$17.5057.5%16.5%39.0%52.4%58.3%5.2%-11.9%10.6K-1.4M-5.0K0.4873.10N/AN/A48231,1281,976
2019-10-22$20.62$20.0060.6%17.4%37.8%56.8%58.7%7.4%-15.9%9.2K-1.3M-5.1K0.0075.78N/AN/A101,1471,998
2019-10-23$20.36$20.0062.1%17.8%37.5%59.0%57.6%7.5%-16.5%8.0K-1.2M-5.2K0.2076.96N/AN/A511,1481,998
2019-10-24$21.18$20.0065.4%18.8%38.9%63.8%59.3%11.7%-17.0%10.7K-1.5M-4.9K0.0776.62N/AN/A1511,1511,999
2019-10-25$21.35$20.0059.7%17.1%36.8%55.5%58.3%8.3%-15.8%12.2K-1.6M-4.6K0.0079.31N/AN/A1401,1642,000
2019-10-28$21.84$20.0062.8%18.0%37.1%60.0%63.3%10.4%-19.4%13.5K-1.7M-4.3K0.0076.94N/AN/A2,02211,1712,000
2019-10-29$21.60$20.0061.6%17.7%37.6%58.3%61.0%9.4%-17.8%129.7K-3.5M-9.3K0.0274.01N/AN/A5813,1822,003
2019-10-30$21.50$20.0057.3%16.4%37.8%52.0%60.8%21.1%-15.2%138.4K-3.5M-9.3K1.1672.47N/AN/A67783,2272,004
2019-10-31$21.80$20.0031.4%9.0%37.4%14.8%31.7%7.4%2.9%210.0K-3.6M-8.3K0.0174.04N/AN/A16013,2102,073