FORM Options History — June 2021

In June 2021, FORM traded between $33.17 and $36.57. ATM implied volatility averaged 39.3%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 0.7% (HV 20d: 38.6%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.38.

Notable Days

  • 2021-06-29: Highest Volume — 637 contracts
  • 2021-06-21: Largest IV spike — 37.3% change
  • 2021-06-04: Highest IV Rank — 25.8%
  • 2021-06-09: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.58$33.17$36.57$35.02$36.57
Max Pain$38.41$35.00$40.00$35.00$35.00
ATM IV39.3%29.8%46.7%41.0%39.1%
Expected Move11.1%8.5%12.3%11.8%11.2%
HV 20d38.6%33.1%47.9%42.2%37.3%
HV 60d60.9%56.0%63.7%63.7%56.0%
IV Rank16.6%4.7%25.8%18.7%16.2%
IV Percentile20.7%1.2%52.8%24.6%17.9%
Term Structure5.2%-0.5%15.9%-0.3%14.0%
VWIV39.1%31.1%42.8%41.7%36.9%
Skew 25d2.4%-9.5%24.6%-8.3%8.3%
Skew 10d7.7%-15.0%54.8%-13.5%33.1%
Call IV 25d40.0%32.4%43.1%42.7%36.2%
Put IV 25d42.4%32.5%62.5%34.4%44.5%
Bid-Ask Spread %82.4864.1293.5486.0481.34
Gamma HHI0.360.280.490.490.37
Net GEX56.3K37.2K106.4K53.0K106.4K
Net DEX-310.9K-1.8M442.7K-318.5K-1.8M
Net VEX-14.1K-16.4K-12.0K-15.0K-15.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.041.300.100.04
Total Volume132.364256379825
Total OI4,7774,4895,0694,5584,750

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$35.02$35.0041.0%11.8%42.2%18.7%41.7%-8.3%-0.3%53.0K-318.5K-15.0K0.1086.04N/AN/A8993,647911
2021-06-02$34.61$35.0039.1%11.2%41.8%16.3%39.3%-9.5%2.3%50.3K-113.1K-14.5K0.4382.87N/AN/A28123,734913
2021-06-03$33.26$40.0045.9%12.1%43.5%24.8%42.1%0.9%-0.0%39.7K239.9K-13.0K0.1885.29N/AN/A5093,747909
2021-06-04$34.92$40.0046.7%12.1%47.7%25.8%42.4%2.4%1.0%61.4K-367.1K-14.6K1.3086.16N/AN/A63823,794914
2021-06-07$33.78$40.0042.3%11.9%47.9%20.3%41.6%-0.4%-0.0%43.2K257.4K-13.9K0.5888.18N/AN/A38223,810992
2021-06-08$33.61$40.0042.4%11.9%44.2%20.4%42.2%0.4%-0.5%40.2K328.0K-13.6K0.0589.58N/AN/A12263,8461,000
2021-06-09$33.89$40.0043.0%12.3%43.8%21.2%42.8%0.7%0.5%48.8K26.5K-14.0K0.9886.68N/AN/A44433,9391,006
2021-06-10$34.07$40.0041.6%11.9%34.2%19.4%41.1%1.4%2.8%51.2K-258.5K-16.4K0.1588.54N/AN/A3353,9601,049
2021-06-11$33.76$40.0038.7%11.1%34.3%15.8%39.9%2.1%7.7%42.6K260.2K-13.7K0.0990.44N/AN/A3433,9451,052
2021-06-14$34.86$40.0040.9%11.7%35.9%18.5%40.8%3.2%6.2%52.0K-362.1K-14.9K0.1484.82N/AN/A169233,9531,044
2021-06-15$34.52$40.0038.2%11.0%36.1%15.2%39.0%1.9%6.9%48.4K-61.5K-13.7K0.0787.52N/AN/A7354,0221,047
2021-06-16$35.14$40.0031.8%9.1%36.6%7.2%35.2%3.2%15.9%55.4K-458.2K-14.7K0.0793.54N/AN/A4334,0161,046
2021-06-17$34.83$40.0035.5%10.2%36.7%11.8%36.2%2.4%1.7%43.0K-204.6K-14.1K0.4864.84N/AN/A21104,0211,042
2021-06-18$33.78$40.0029.8%8.5%35.8%4.7%31.1%4.2%6.9%37.2K442.7K-12.3K1.2692.35N/AN/A39494,0161,042
2021-06-21$33.50$40.0040.9%11.7%34.7%18.6%41.2%-3.8%0.3%41.9K156.7K-12.7K0.0476.15N/AN/A9443,656891
2021-06-22$33.17$40.0040.0%11.5%33.1%17.4%40.0%-1.0%11.4%44.2K267.6K-12.0K0.4868.81N/AN/A31153,694890
2021-06-23$33.65$40.0037.7%10.8%33.5%14.5%38.2%0.6%5.7%48.0K145.2K-12.6K0.6764.12N/AN/A3722483,696897
2021-06-24$35.00$35.0040.6%11.6%36.5%18.1%40.8%1.5%4.0%64.7K-758.0K-13.6K0.1574.56N/AN/A4673,707782
2021-06-25$35.70$35.0032.2%9.2%37.1%7.6%32.8%24.6%12.4%76.3K-1.2M-14.9K0.2484.28N/AN/A105253,730781
2021-06-28$36.57$35.0037.3%10.7%37.8%14.0%37.2%-0.7%8.4%95.6K-1.6M-15.1K0.2172.37N/AN/A145313,781769
2021-06-29$36.46$35.0040.2%11.5%37.6%17.7%38.6%19.5%7.0%94.5K-1.6M-15.0K0.6686.02N/AN/A3842533,868785
2021-06-30$36.57$35.0039.1%11.2%37.3%16.2%36.9%8.3%14.0%106.4K-1.8M-15.3K0.0481.34N/AN/A2413,962788