FORM Options History — April 2022

In April 2022, FORM traded between $34.97 and $42.56. ATM implied volatility averaged 58.9%, placing in the 45.1% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 3.3% (HV 20d: 55.7%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.52.

Notable Days

  • 2022-04-06: Highest Volume — 732 contracts
  • 2022-04-11: Largest IV spike — 92.5% change
  • 2022-04-11: Highest IV Rank — 100.0%
  • 2022-04-21: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.72$34.97$42.56$41.15$38.04
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV58.9%33.5%111.4%46.5%53.6%
Expected Move15.6%13.3%18.2%14.0%15.4%
HV 20d55.7%48.8%63.7%53.9%63.7%
HV 60d53.6%51.2%56.3%53.9%56.3%
IV Rank45.1%14.6%100.0%45.2%31.3%
IV Percentile79.1%7.5%100.0%65.1%81.0%
Term Structure-8.1%-30.7%2.9%-0.1%-8.6%
VWIV52.2%39.5%68.5%46.4%56.6%
Skew 25d8.9%2.5%17.3%9.6%3.4%
Skew 10d17.9%-6.6%67.9%34.9%21.5%
Call IV 25d49.0%40.9%57.7%46.4%54.3%
Put IV 25d57.9%49.5%67.9%56.0%57.7%
Bid-Ask Spread %97.0486.78110.5599.63110.55
Gamma HHI0.370.290.630.300.35
Net GEX13.5K-7.2K115.7K33.7K1.2K
Net DEX-171.7K-1.3M261.4K-705.5K-180.9K
Net VEX-3.4K-5.1K-2.6K-4.1K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.111.210.120.50
Total Volume279.1539732661105
Total OI1,017.155991,483933702

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$41.15$40.0046.5%14.0%53.9%45.2%46.4%9.6%-0.1%33.7K-705.5K-4.1K0.1299.63N/AN/A58873631302
2022-04-04$42.56$40.0033.5%14.4%52.5%14.6%51.4%8.6%-3.2%115.7K-1.3M-5.1K0.1391.75N/AN/A588741,061308
2022-04-05$39.44$40.0037.9%15.5%60.0%25.0%51.8%3.0%-13.7%38.9K-433.8K-3.9K0.1289.68N/AN/A638741,061309
2022-04-06$38.71$40.0049.3%15.4%57.1%51.8%47.3%8.5%-7.4%44.8K-433.2K-4.0K0.1298.31N/AN/A655771,135327
2022-04-07$38.80$40.0063.5%14.7%56.9%85.2%46.8%14.9%-10.7%40.8K-422.4K-4.1K0.1198.12N/AN/A655721,136328
2022-04-08$36.90$40.0055.4%15.3%59.5%66.3%48.7%7.7%-6.9%20.0K-113.0K-3.6K0.4886.78N/AN/A155741,136329
2022-04-11$34.97$40.00106.7%15.7%59.3%100.0%56.2%9.3%-17.6%144261.4K-2.6K0.4793.45N/AN/A182851,137338
2022-04-12$36.38$40.00111.4%14.1%60.6%100.0%52.8%5.6%-2.7%-4.0K118.8K-2.9K0.4693.39N/AN/A183841,135343
2022-04-13$37.01$40.0052.3%15.0%54.0%29.7%47.1%5.7%-12.1%15.7K-65.1K-3.3K0.4192.22N/AN/A184761,136344
2022-04-14$36.23$40.0053.2%15.3%53.5%30.9%49.4%2.5%-5.9%-6.6K138.1K-2.8K0.3596.84N/AN/A194681,137346
2022-04-18$37.03$40.0054.4%15.6%53.9%32.2%39.5%17.3%-2.3%-4.3K14.2K-3.0K0.6588.09N/AN/A4630338261
2022-04-19$37.49$40.0060.1%17.2%53.9%39.0%54.0%11.3%-30.7%-2.0K-38.9K-3.1K0.7790.89N/AN/A3930344261
2022-04-20$37.81$40.0046.6%13.3%54.1%22.9%47.4%2.6%2.9%-4.3K-49.8K-3.0K0.8692.76N/AN/A4236350261
2022-04-21$37.22$40.0063.4%18.2%54.2%43.0%54.0%12.1%-5.1%-2.6K-34.1K-3.2K0.8897.64N/AN/A4136354267
2022-04-22$36.67$40.0057.1%16.4%51.1%35.5%51.3%5.6%-4.6%-4.6K-1.9K-3.0K0.8897.32N/AN/A4136356267
2022-04-25$37.14$40.0049.9%14.3%51.6%26.9%47.0%16.3%-1.4%-3.1K-32.3K-2.9K1.10109.37N/AN/A3943356267
2022-04-26$35.78$40.0058.7%16.8%52.7%37.4%65.1%10.2%-7.4%-6.5K76.7K-2.8K1.21103.00N/AN/A4757359273
2022-04-27$35.49$40.0062.3%17.9%48.8%41.7%63.7%11.8%-6.2%-7.2K40.4K-3.1K0.22107.55N/AN/A327371293
2022-04-28$39.49$40.0063.3%18.1%62.5%42.8%68.5%11.1%-18.9%4.3K-281.2K-3.4K0.56103.53N/AN/A6235387297
2022-04-29$38.04$40.0053.6%15.4%63.7%31.3%56.6%3.4%-8.6%1.2K-180.9K-3.3K0.50110.55N/AN/A7035405297