FORM Options History — July 2021

In July 2021, FORM traded between $33.79 and $37.39. ATM implied volatility averaged 43.5%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 12.6% (HV 20d: 30.9%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2021-07-12: Highest Volume — 179 contracts
  • 2021-07-06: Largest IV spike — 37.1% change
  • 2021-07-27: Highest IV Rank — 57.3%
  • 2021-07-08: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.49$33.79$37.39$36.56$37.39
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV43.5%27.5%54.8%38.7%39.5%
Expected Move12.8%7.9%16.5%11.1%11.3%
HV 20d30.9%27.2%40.1%33.8%40.1%
HV 60d51.7%36.0%56.3%56.0%39.4%
IV Rank31.0%1.8%57.3%15.8%26.8%
IV Percentile44.2%0.8%89.7%17.1%21.8%
Term Structure-0.6%-15.3%22.3%8.0%14.6%
VWIV43.4%22.0%51.0%22.0%35.2%
Skew 25d3.9%-6.6%15.8%2.5%5.5%
Skew 10d10.4%-8.6%21.4%1.5%20.6%
Call IV 25d43.5%30.3%50.3%36.1%34.0%
Put IV 25d47.4%34.6%59.2%38.6%39.4%
Bid-Ask Spread %84.0269.2493.8488.4284.30
Gamma HHI0.340.260.470.370.29
Net GEX74.2K43.8K112.0K112.0K79.1K
Net DEX-1.3M-2.2M-345.0K-1.9M-2.2M
Net VEX-12.6K-16.2K-11.0K-16.2K-13.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.005.450.050.00
Total Volume50.0480179059
Total OI3,695.2382,3514,8594,7662,630

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$36.56$35.0038.7%11.1%33.8%15.8%0.0%2.5%8.0%112.0K-1.9M-16.2K0.0088.42N/AN/A003,979787
2021-07-02$36.51$35.0027.5%7.9%29.5%1.8%22.0%4.3%22.3%108.0K-1.6M-14.8K0.0576.31N/AN/A2213,979787
2021-07-06$35.89$35.0037.7%12.3%27.5%14.5%38.9%6.0%0.3%90.5K-1.3M-13.8K0.2974.80N/AN/A1753,985785
2021-07-07$35.26$35.0038.7%12.7%28.3%15.8%44.8%15.8%1.5%78.6K-1.0M-13.2K0.0683.17N/AN/A7953,980760
2021-07-08$34.42$35.0041.8%16.5%29.7%19.7%47.1%12.6%-13.8%66.4K-667.5K-12.1K0.0793.78N/AN/A1413,974755
2021-07-09$35.22$35.0033.5%9.5%30.7%9.3%37.4%1.9%11.3%77.3K-913.4K-11.9K0.1490.85N/AN/A713,979757
2021-07-12$35.40$35.0044.5%14.2%30.5%23.1%42.0%5.5%-11.5%80.2K-1.1M-12.4K0.0184.33N/AN/A17723,982758
2021-07-13$35.24$35.0050.3%12.5%28.4%30.3%43.7%4.5%-1.3%85.6K-1.2M-12.5K0.0082.05N/AN/A704,089753
2021-07-14$35.19$35.0039.5%11.3%28.2%26.8%43.5%0.5%0.2%87.6K-1.1M-12.6K0.0386.08N/AN/A8634,093753
2021-07-15$34.27$35.0046.3%13.3%29.1%40.4%44.2%6.6%7.8%82.0K-653.5K-11.5K0.0092.94N/AN/A3004,108751
2021-07-16$33.81$35.0047.4%13.6%29.3%42.6%45.6%7.6%-12.8%46.0K-345.0K-11.0K5.4587.78N/AN/A11604,111746
2021-07-19$33.79$35.0044.3%12.7%27.2%36.3%44.7%3.6%1.2%43.8K-771.2K-11.0K0.0079.19N/AN/A10801,864487
2021-07-20$34.83$35.0045.5%13.1%29.0%38.8%46.9%-0.9%-4.2%54.5K-1.2M-12.0K0.0077.57N/AN/A501,957487
2021-07-21$36.34$35.0042.7%12.2%32.0%33.1%41.9%4.3%-3.5%62.1K-1.6M-12.4K0.0486.85N/AN/A2311,962487
2021-07-22$36.05$35.0048.2%13.8%32.0%44.0%49.1%2.4%-15.3%61.4K-1.6M-12.4K0.0084.83N/AN/A3601,980487
2021-07-23$36.34$35.0049.6%14.2%29.2%47.0%49.3%-6.6%-11.0%68.4K-1.7M-13.0K0.1283.54N/AN/A3342,011487
2021-07-26$35.99$35.0053.5%15.3%28.6%54.8%51.0%3.3%-4.9%66.0K-1.5M-12.0K0.1279.41N/AN/A4252,011486
2021-07-27$34.45$35.0054.8%15.7%31.2%57.3%49.8%5.1%-9.1%59.5K-1.1M-11.3K0.3585.20N/AN/A68242,017484
2021-07-28$36.40$35.0052.8%15.1%37.4%53.2%46.5%3.0%-1.5%73.0K-1.8M-12.5K0.4069.24N/AN/A70282,057487
2021-07-29$35.99$35.0036.4%10.4%37.6%20.6%44.7%-4.7%9.4%75.5K-1.6M-12.2K0.8993.84N/AN/A982,057511
2021-07-30$37.39$35.0039.5%11.3%40.1%26.8%35.2%5.5%14.6%79.1K-2.2M-13.5K0.0084.30N/AN/A5902,088542