FORM Options History — June 2020

In June 2020, FORM traded between $24.97 and $30.29. ATM implied volatility averaged 46.2%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 8.3% (HV 20d: 54.4%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.17.

Notable Days

  • 2020-06-09: Highest Volume — 968 contracts
  • 2020-06-11: Largest IV spike — 75.6% change
  • 2020-06-11: Highest IV Rank — 51.3%
  • 2020-06-11: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.83$24.97$30.29$25.43$29.28
Max Pain$21.25$20.00$22.50$20.00$22.50
ATM IV46.2%35.9%64.2%49.1%48.3%
Expected Move13.4%10.1%18.4%14.1%13.8%
HV 20d54.4%42.5%63.8%43.9%63.8%
HV 60d70.9%61.7%82.7%82.7%61.7%
IV Rank31.0%19.6%51.3%34.4%33.4%
IV Percentile59.7%39.3%88.9%64.3%61.5%
Term Structure-0.4%-19.5%15.4%-3.7%-0.1%
VWIV46.1%31.6%57.2%49.3%43.7%
Skew 25d8.6%-17.2%27.0%26.9%21.0%
Skew 10d18.0%-15.8%52.8%45.4%30.9%
Call IV 25d43.9%32.1%52.4%33.9%40.5%
Put IV 25d52.5%24.5%74.0%60.7%61.5%
Bid-Ask Spread %91.9045.96109.6469.94109.64
Gamma HHI0.510.310.780.420.63
Net GEX133.0K64.1K242.3K116.0K158.4K
Net DEX-4.5M-8.2M-2.7M-3.4M-3.4M
Net VEX-6.7K-9.4K-3.7K-4.7K-8.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.001.000.040.05
Total Volume209.5918968170207
Total OI3,099.3182,6084,1372,6092,783

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$25.43$20.0049.1%14.1%43.9%34.4%49.3%26.9%-3.7%116.0K-3.4M-4.7K0.0469.94N/AN/A16462,464145
2020-06-02$25.17$22.5042.7%12.2%44.3%27.1%45.6%19.7%-0.3%101.1K-3.3M-4.7K0.3345.96N/AN/A622,521151
2020-06-03$26.40$22.5035.9%10.3%46.5%19.6%43.7%-16.4%-3.7%88.9K-3.9M-4.0K0.0565.64N/AN/A9152,521152
2020-06-04$26.41$20.0038.9%13.1%45.7%22.9%42.7%6.4%0.9%64.1K-4.1M-3.7K0.3689.73N/AN/A232832,521156
2020-06-05$27.22$20.0038.3%10.1%43.0%22.3%31.6%15.4%12.6%71.4K-4.4M-4.1K0.0396.22N/AN/A14652,552156
2020-06-08$27.19$20.0039.4%12.6%43.0%23.5%35.7%8.6%5.8%76.5K-4.5M-3.8K0.0073.85N/AN/A13002,599157
2020-06-09$28.10$20.0036.6%12.7%43.7%20.3%42.4%-17.2%-6.1%113.7K-5.1M-4.1K0.00109.04N/AN/A96802,675157
2020-06-10$27.62$20.0036.6%10.5%42.5%20.3%42.1%-0.5%-0.4%159.5K-5.3M-6.8K0.00101.44N/AN/A6203,323159
2020-06-11$25.15$20.0064.2%18.4%53.4%51.3%45.0%27.0%-13.7%119.1K-4.0M-6.4K0.01104.02N/AN/A17713,377159
2020-06-12$24.97$20.0047.0%13.5%52.9%32.0%49.8%6.1%-8.6%131.4K-3.7M-5.8K0.0092.32N/AN/A3003,442158
2020-06-15$26.56$20.0046.0%13.2%55.8%30.8%48.1%-1.2%-0.3%92.2K-4.8M-5.7K0.1585.30N/AN/A241353,470156
2020-06-16$29.07$20.0046.7%13.4%62.0%31.6%48.5%7.0%0.7%226.1K-7.0M-7.8K0.0495.51N/AN/A699303,669191
2020-06-17$30.29$20.0047.4%13.6%62.9%32.5%49.0%7.4%-1.8%221.6K-8.2M-9.2K0.1292.41N/AN/A291353,855219
2020-06-18$29.78$22.5052.2%15.0%63.5%37.8%50.5%5.8%3.7%242.3K-7.5M-9.4K0.03100.81N/AN/A31183,891246
2020-06-19$29.50$22.5057.1%16.4%62.4%43.3%45.1%15.2%-19.5%123.1K-6.9M-9.2K0.0296.70N/AN/A5713,791274
2020-06-22$29.60$22.5045.1%12.9%61.8%29.9%46.2%10.3%4.3%144.4K-3.7M-8.7K0.0695.74N/AN/A182112,381227
2020-06-23$29.92$22.5045.2%12.9%60.5%29.9%46.7%4.1%-6.3%158.3K-3.6M-8.1K0.5093.68N/AN/A120602,434230
2020-06-24$29.47$22.5047.9%13.7%61.0%33.0%53.0%15.7%4.6%146.7K-3.5M-8.5K0.46101.86N/AN/A37172,456229
2020-06-25$29.22$22.5054.5%15.6%59.7%40.4%54.4%4.3%-2.8%136.6K-3.2M-8.2K1.0099.81N/AN/A21212,448240
2020-06-26$27.99$22.5043.4%12.4%62.4%27.9%57.2%9.8%9.9%107.9K-2.7M-8.3K0.5896.82N/AN/A1272,457259
2020-06-29$27.97$22.5053.2%15.2%62.4%38.9%42.9%13.3%15.4%127.0K-2.7M-7.7K0.02105.32N/AN/A9822,477257
2020-06-30$29.28$22.5048.3%13.8%63.8%33.4%43.7%21.0%-0.1%158.4K-3.4M-8.0K0.05109.64N/AN/A197102,524259