FORM Options History — October 2021

In October 2021, FORM traded between $34.80 and $39.73. ATM implied volatility averaged 44.4%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 10.1% (HV 20d: 34.3%). 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 6 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2021-10-28: Highest Volume — 559 contracts
  • 2021-10-04: Largest IV spike — 67.4% change
  • 2021-10-05: Highest IV Rank — 91.4%
  • 2021-10-27: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.62$34.80$39.73$38.03$39.73
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV44.4%29.7%62.4%29.7%38.2%
Expected Move12.6%8.5%15.3%8.5%11.0%
HV 20d34.3%30.8%37.4%30.8%36.4%
HV 60d35.0%32.3%36.7%35.1%33.9%
IV Rank45.0%9.2%91.4%9.2%28.0%
IV Percentile53.3%2.0%99.2%2.0%23.0%
Term Structure-1.7%-14.1%22.2%8.8%-3.3%
VWIV45.3%36.7%51.2%36.7%38.7%
Skew 25d3.5%-3.2%17.2%17.2%9.9%
Skew 10d10.2%0.4%72.2%72.2%16.4%
Call IV 25d44.8%30.3%51.0%35.1%30.3%
Put IV 25d48.4%39.8%54.7%52.3%40.2%
Bid-Ask Spread %80.5354.3494.7094.7080.07
Gamma HHI0.510.330.690.330.49
Net GEX78.4K33.2K192.1K84.4K87.1K
Net DEX-1.2M-2.4M-503.0K-2.2M-2.4M
Net VEX-6.0K-7.3K-5.1K-7.3K-7.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.003.800.000.51
Total Volume181.04885598407
Total OI2,569.0952,0632,9572,7832,582

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$38.03$35.0029.7%8.5%30.8%9.2%36.7%17.2%8.8%84.4K-2.2M-7.3K0.0094.70N/AN/A802,124659
2021-10-04$36.09$35.0049.8%14.2%35.3%59.5%48.4%5.3%-5.3%89.2K-1.3M-6.5K0.0075.55N/AN/A3002,124657
2021-10-05$36.23$35.0062.4%11.8%34.7%91.4%0.0%-2.6%-4.4%81.1K-1.5M-6.4K0.0084.12N/AN/A6702,133657
2021-10-06$35.77$35.0040.2%13.4%33.9%35.5%45.7%-1.1%-7.4%117.2K-1.2M-5.8K0.0188.77N/AN/A19112,128659
2021-10-07$36.23$35.0036.9%13.4%33.9%27.3%45.7%4.7%-1.6%192.1K-1.6M-5.4K0.1286.33N/AN/A1722,189659
2021-10-08$35.61$35.0034.6%13.3%34.2%21.3%45.0%-2.4%-2.7%100.9K-1.1M-5.6K3.8084.53N/AN/A562132,029656
2021-10-11$36.01$35.0045.9%11.8%34.6%49.9%44.5%0.2%-0.6%98.0K-1.1M-5.1K1.3386.71N/AN/A9122,037658
2021-10-12$35.58$35.0049.3%11.7%34.7%58.3%44.9%-2.9%1.2%103.3K-911.4K-5.8K2.3183.29N/AN/A13302,089833
2021-10-13$34.80$35.0041.6%11.9%35.3%38.9%43.3%3.8%4.2%112.1K-503.0K-5.7K0.6685.57N/AN/A29192,093839
2021-10-14$35.89$35.0040.4%11.6%37.4%33.6%47.7%-3.2%1.0%117.2K-1.3M-5.7K0.2579.24N/AN/A822,099858
2021-10-15$36.20$35.0046.2%13.2%36.5%48.7%46.1%3.4%-2.6%33.2K-1.6M-5.8K0.0676.79N/AN/A7242,109848
2021-10-18$36.16$35.0049.1%14.1%36.3%56.2%46.2%10.2%-6.9%33.9K-534.9K-5.4K0.0578.45N/AN/A6531,503560
2021-10-19$36.06$35.0039.0%11.2%35.8%30.0%45.1%2.5%3.1%35.4K-583.5K-5.3K0.0078.10N/AN/A2301,539563
2021-10-20$35.76$35.0048.5%13.9%32.8%54.8%46.8%4.4%-3.8%36.4K-610.0K-5.7K0.3480.48N/AN/A267911,613564
2021-10-21$36.09$35.0049.0%14.1%31.4%56.1%44.7%12.2%-6.8%44.3K-881.4K-6.4K0.4179.34N/AN/A222911,691565
2021-10-22$37.07$35.0053.1%15.2%33.4%66.7%51.2%6.5%-6.2%49.3K-1.0M-6.3K0.4473.59N/AN/A2461081,705565
2021-10-25$38.04$35.0045.8%13.1%35.0%47.8%47.1%3.6%-7.9%55.2K-1.4M-6.1K0.5576.61N/AN/A1871031,713575
2021-10-26$37.42$35.0039.1%11.2%31.2%30.3%46.9%1.4%22.2%52.2K-1.1M-6.2K0.5482.82N/AN/A1911031,743577
2021-10-27$37.09$35.0053.4%15.3%31.0%67.6%49.2%3.4%-14.1%50.9K-1.1M-6.1K0.6954.34N/AN/A2091441,751577
2021-10-28$39.10$35.0040.8%11.7%36.3%34.7%42.7%-2.3%-2.5%74.0K-1.7M-6.0K0.3681.78N/AN/A4101491,814614
2021-10-29$39.73$35.0038.2%11.0%36.4%28.0%38.7%9.9%-3.3%87.1K-2.4M-7.3K0.5180.07N/AN/A2701371,968614