FORM Options History — August 2020

In August 2020, FORM traded between $26.22 and $30.58. ATM implied volatility averaged 49.8%, placing in the 35.1% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 4.0% (HV 20d: 45.8%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2020-08-27: Highest Volume — 527 contracts
  • 2020-08-17: Largest IV spike — 67.7% change
  • 2020-08-31: Highest IV Rank — 53.7%
  • 2020-08-31: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.31$26.22$30.58$30.58$26.22
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV49.8%35.8%66.4%46.6%66.4%
Expected Move13.3%9.0%19.0%13.4%19.0%
HV 20d45.8%32.8%49.8%45.5%32.8%
HV 60d51.5%50.2%52.8%52.3%50.5%
IV Rank35.1%19.4%53.7%31.5%53.7%
IV Percentile60.6%36.5%88.5%55.6%88.5%
Term Structure-2.3%-21.2%18.7%-15.6%9.6%
VWIV48.5%32.7%96.3%46.9%53.8%
Skew 25d6.9%-22.8%34.4%6.9%17.5%
Skew 10d8.3%-39.8%32.8%14.0%32.8%
Call IV 25d45.1%31.2%71.1%47.3%55.4%
Put IV 25d52.1%44.8%72.8%54.2%72.8%
Bid-Ask Spread %87.4363.40111.4475.6368.66
Gamma HHI0.350.290.450.390.38
Net GEX19.8K-9.9K45.2K45.2K22.8K
Net DEX-875.7K-1.9M47.8K-1.9M-702.5K
Net VEX-10.6K-13.9K-9.2K-9.8K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.022.580.380.06
Total Volume219.76216527304375
Total OI3,652.2383,1684,4923,1684,492

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$30.58$30.0046.6%13.4%45.5%31.5%46.9%6.9%-15.6%45.2K-1.9M-9.8K0.3875.63N/AN/A221832,1501,018
2020-08-04$30.13$30.0064.0%18.4%45.2%51.1%58.7%8.6%-21.2%43.0K-1.7M-11.4K0.3893.03N/AN/A84322,1151,087
2020-08-05$29.69$30.0052.1%14.9%44.9%37.7%51.9%3.6%-14.1%37.1K-1.4M-10.5K0.0785.19N/AN/A11282,0931,118
2020-08-06$28.47$30.0062.7%9.0%46.6%49.5%46.8%9.7%11.4%22.8K-999.1K-10.5K1.50103.69N/AN/A741112,0991,122
2020-08-07$28.31$30.0050.8%9.5%46.6%36.2%38.8%13.8%10.0%370-382.8K-9.9K1.66105.89N/AN/A50832,1071,233
2020-08-10$27.76$30.0049.3%9.9%46.8%34.5%42.9%8.3%-5.0%-9.9K47.8K-9.2K0.3478.41N/AN/A127432,1031,316
2020-08-11$28.16$30.0054.2%14.1%47.4%40.0%46.3%0.4%3.9%-5.7K-393.0K-10.7K0.0786.30N/AN/A8362,2061,348
2020-08-12$29.20$30.0039.5%11.3%49.5%23.5%36.6%5.8%-6.0%4.8K-927.9K-10.3K0.0786.70N/AN/A9062,2001,352
2020-08-13$28.64$30.0042.9%12.3%49.8%27.4%96.3%-22.8%-0.7%-7.8K-424.9K-9.4K2.5894.59N/AN/A36932,1781,349
2020-08-14$28.49$30.0035.8%10.3%49.4%19.4%43.8%4.3%-0.2%-1.8K-508.6K-10.4K1.67111.44N/AN/A6102,1911,437
2020-08-17$29.38$30.0060.1%17.2%48.5%46.6%47.8%11.4%-6.8%-5.3K-658.3K-10.3K0.1197.05N/AN/A168182,2001,431
2020-08-18$29.12$30.0045.2%12.9%48.4%29.9%45.2%10.8%-5.4%16.8K-761.4K-9.5K0.1290.14N/AN/A4352,3481,425
2020-08-19$28.78$30.0038.0%10.9%48.4%21.9%60.4%11.1%-3.9%26.1K-641.9K-9.4K0.02108.51N/AN/A19832,3911,424
2020-08-20$28.14$30.0043.4%12.4%48.8%28.0%45.2%0.0%-2.1%16.3K-186.8K-9.2K0.0686.98N/AN/A362222,5691,423
2020-08-21$27.53$30.0045.8%13.1%46.6%30.7%43.1%6.6%-3.1%24.6K-700.7K-10.6K0.0984.72N/AN/A332302,8751,357
2020-08-24$27.32$30.0058.5%16.8%45.6%44.8%32.7%34.4%18.7%38.6K-1.3M-11.4K0.0795.52N/AN/A342232,2761,068
2020-08-25$27.48$30.0047.1%13.5%44.9%32.1%41.3%4.0%-1.6%42.6K-1.4M-11.7K0.1364.07N/AN/A126172,5221,084
2020-08-26$27.35$30.0039.9%11.4%44.2%24.0%44.9%0.5%0.7%38.5K-1.2M-11.0K0.4681.59N/AN/A201922,5681,095
2020-08-27$26.55$30.0050.1%14.4%43.6%35.4%50.2%6.3%-5.7%27.8K-916.9K-11.9K0.5474.64N/AN/A3431842,7361,187
2020-08-28$27.12$30.0053.2%15.3%38.3%39.0%44.7%4.5%-10.5%39.9K-1.3M-13.9K0.0563.40N/AN/A355183,0341,370
2020-08-31$26.22$30.0066.4%19.0%32.8%53.7%53.8%17.5%9.6%22.8K-702.5K-12.3K0.0668.66N/AN/A355203,1131,379