FORM Options History — August 2021

In August 2021, FORM traded between $34.45 and $39.54. ATM implied volatility averaged 39.1%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 0.9% (HV 20d: 40.1%). 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 10 of 22 days. Put/call ratio averaged 1.36.

Notable Days

  • 2021-08-12: Highest Volume — 189 contracts
  • 2021-08-18: Largest IV spike — 42.5% change
  • 2021-08-03: Highest IV Rank — 45.9%
  • 2021-08-03: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.01$34.45$39.54$38.14$39.05
Max Pain$37.50$35.00$40.00$35.00$40.00
ATM IV39.1%30.9%49.1%40.4%33.5%
Expected Move11.3%8.9%14.1%11.6%9.6%
HV 20d40.1%35.1%44.2%40.6%36.1%
HV 60d36.1%34.2%39.6%39.6%34.6%
IV Rank26.0%9.6%45.9%28.6%14.8%
IV Percentile25.6%2.8%71.8%26.6%6.3%
Term Structure-1.5%-17.1%10.0%6.4%0.3%
VWIV37.1%31.3%44.1%39.6%34.7%
Skew 25d5.3%-5.2%21.8%9.8%7.8%
Skew 10d17.4%-5.8%70.0%54.0%15.0%
Call IV 25d36.7%27.9%52.1%33.3%27.9%
Put IV 25d42.0%33.3%57.7%43.1%35.7%
Bid-Ask Spread %91.2082.6499.1587.6290.42
Gamma HHI0.410.270.830.300.29
Net GEX75.7K40.9K157.3K80.4K71.2K
Net DEX-1.8M-2.9M-647.6K-2.3M-2.5M
Net VEX-10.9K-13.2K-9.2K-11.7K-10.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.0020.000.080.32
Total Volume49.90921896450
Total OI2,689.6362,4292,8492,6232,717

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$38.14$35.0040.4%11.6%40.6%28.6%39.6%9.8%6.4%80.4K-2.3M-11.7K0.0887.62N/AN/A5952,084539
2021-08-03$37.44$35.0049.1%14.1%40.7%45.9%40.4%6.8%-12.3%80.8K-2.1M-12.1K0.0090.74N/AN/A802,116539
2021-08-04$38.20$35.0040.2%11.5%40.4%28.1%38.1%8.6%6.0%83.7K-2.4M-12.4K0.3189.20N/AN/A1342,129535
2021-08-05$38.26$35.0034.4%9.5%39.1%16.6%0.0%7.0%-4.1%84.8K-2.6M-12.5K0.0988.95N/AN/A1112,127535
2021-08-06$38.71$35.0037.7%10.4%38.6%23.2%0.0%21.8%4.3%88.6K-2.9M-13.2K0.0099.15N/AN/A2602,135538
2021-08-09$38.19$35.0036.1%9.6%39.1%20.0%44.1%1.5%-1.0%87.2K-2.6M-11.9K0.0095.56N/AN/A2902,116537
2021-08-10$38.12$35.0035.0%13.1%39.1%17.8%0.0%5.6%-13.8%92.2K-2.5M-12.4K2.8696.69N/AN/A7202,131537
2021-08-11$37.17$35.0039.8%11.4%40.4%27.4%0.0%-0.5%1.1%83.8K-2.0M-11.0K0.8092.48N/AN/A542,152537
2021-08-12$35.22$35.0041.8%12.0%44.0%31.3%38.1%6.0%-0.8%77.7K-1.3M-10.4K20.0089.39N/AN/A91802,149518
2021-08-13$34.93$35.0039.0%11.2%43.8%25.8%31.3%-5.2%6.4%85.0K-1.3M-11.4K0.5789.42N/AN/A35202,148519
2021-08-16$35.48$35.0044.5%12.7%44.1%36.6%0.0%3.3%-17.1%77.0K-1.2M-9.9K0.0093.89N/AN/A2502,150697
2021-08-17$34.45$40.0030.9%8.9%44.2%9.6%36.3%3.6%10.0%61.5K-697.0K-9.9K2.5088.83N/AN/A4102,129716
2021-08-18$34.67$40.0044.0%12.6%41.3%35.8%0.0%1.5%-3.1%66.4K-647.6K-9.4K0.0492.24N/AN/A2512,129716
2021-08-19$34.75$40.0045.7%13.1%41.3%39.2%0.0%0.2%-5.5%76.6K-705.6K-9.3K1.0096.73N/AN/A112,130719
2021-08-20$35.10$40.0037.1%10.6%41.4%21.9%33.5%3.8%2.9%157.3K-929.9K-9.2K0.6487.91N/AN/A111712,127717
2021-08-23$36.35$40.0039.4%11.3%43.2%26.5%34.3%7.2%-4.4%43.7K-1.1M-9.3K0.0082.64N/AN/A8201,779650
2021-08-24$36.70$40.0037.5%10.8%40.0%22.8%35.0%2.1%3.0%40.9K-1.2M-10.0K0.0188.24N/AN/A6811,842686
2021-08-25$37.29$40.0033.8%9.7%35.4%15.4%35.3%2.2%8.9%50.0K-1.6M-10.3K0.0290.70N/AN/A8221,919686
2021-08-26$37.24$40.0039.4%11.3%35.1%26.5%32.5%6.5%-0.2%49.7K-1.5M-10.5K0.0387.86N/AN/A3211,938687
2021-08-27$39.15$40.0043.6%12.5%37.0%35.0%42.8%12.3%-11.4%62.0K-2.6M-12.1K0.6293.00N/AN/A53332,010687
2021-08-30$39.54$40.0037.8%10.8%36.5%23.4%39.9%5.2%-8.7%64.9K-2.6M-10.7K0.0094.63N/AN/A902,034686
2021-08-31$39.05$40.0033.5%9.6%36.1%14.8%34.7%7.8%0.3%71.2K-2.5M-10.6K0.3290.42N/AN/A38122,051666