FORM Options History — August 2022

In August 2022, FORM traded between $29.42 and $36.34. ATM implied volatility averaged 37.1%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 27.5% (HV 20d: 64.6%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 2.83.

Notable Days

  • 2022-08-09: Highest Volume — 447 contracts
  • 2022-08-09: Largest IV spike — 55.2% change
  • 2022-08-09: Highest IV Rank — 28.6%
  • 2022-08-09: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.65$29.42$36.34$35.07$29.42
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV37.1%31.5%51.3%37.4%39.7%
Expected Move10.6%9.6%12.8%10.7%11.4%
HV 20d64.6%42.6%74.7%67.6%46.3%
HV 60d58.9%58.0%59.9%58.6%59.4%
IV Rank11.7%5.0%28.6%12.1%14.8%
IV Percentile18.6%4.0%61.9%17.5%28.6%
Term Structure1.1%-3.4%4.3%0.5%3.2%
VWIV38.6%28.2%42.4%40.7%39.9%
Skew 25d3.5%-6.8%13.0%2.3%13.0%
Skew 10d5.1%-9.8%20.0%4.4%20.0%
Call IV 25d37.5%31.9%41.9%41.9%37.3%
Put IV 25d41.0%33.8%50.4%44.2%50.4%
Bid-Ask Spread %75.0552.69109.2164.9490.64
Gamma HHI0.450.330.680.490.68
Net GEX-8.2K-37.0K11.4K11.4K-37.0K
Net DEX136.0K-280.7K1.1M-264.8K1.1M
Net VEX-4.5K-6.4K-2.6K-2.6K-6.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.830.0315.001.671.79
Total Volume133.1742447256268
Total OI1,127.3916031,5636031,563

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$35.07$35.0037.4%10.7%67.6%12.1%40.7%2.3%0.5%11.4K-264.8K-2.6K1.6764.94N/AN/A96160466137
2022-08-02$35.02$35.0036.9%10.6%67.5%11.4%41.0%6.4%0.8%4.8K-152.3K-3.2K1.8887.88N/AN/A85160465244
2022-08-03$35.49$35.0033.9%9.7%67.4%7.9%35.6%-6.8%2.3%6.9K-186.3K-3.1K1.2352.69N/AN/A86106474244
2022-08-04$36.34$35.0036.2%10.5%66.7%10.6%37.0%5.0%1.0%10.4K-280.7K-3.2K1.3875.72N/AN/A77106485250
2022-08-05$35.71$35.0031.5%10.2%67.0%5.0%36.1%4.2%1.6%6.5K-192.8K-3.1K1.3674.66N/AN/A78106485250
2022-08-08$34.59$35.0033.1%10.2%68.0%6.9%37.6%4.6%1.8%2.1K-70.7K-2.9K0.7458.96N/AN/A12593489250
2022-08-09$32.50$35.0051.3%12.8%71.4%28.6%40.9%3.4%-0.7%57683.9K-2.7K7.6070.69N/AN/A52395554251
2022-08-10$34.45$35.0037.7%10.8%74.7%12.4%40.4%4.8%1.5%-7.4K-12.0K-4.6K0.2071.97N/AN/A102579601
2022-08-11$34.23$35.0038.1%10.9%74.1%12.8%42.4%4.9%1.3%-9.2K14.9K-4.5K1.1074.85N/AN/A1011581600
2022-08-12$34.85$35.0037.0%10.6%73.6%11.6%0.0%4.0%1.5%-2.2K-113.8K-4.5K1.0073.55N/AN/A11581591
2022-08-15$34.84$35.0033.6%9.6%73.5%7.6%35.5%2.4%2.3%-3.9K-93.0K-4.1K1.0667.35N/AN/A6266581590
2022-08-16$34.14$35.0034.5%9.9%70.8%8.6%41.1%0.7%1.9%4.2K10.8K-4.5K15.0066.31N/AN/A115643654
2022-08-17$33.62$35.0035.2%10.1%69.3%9.5%39.8%2.7%-3.4%-10.2K197.2K-4.2K5.5682.75N/AN/A25139642669
2022-08-18$34.42$35.0037.0%10.6%70.1%11.6%41.1%1.7%-0.5%3.7K37.8K-5.2K0.0359.11N/AN/A1505635796
2022-08-19$33.65$35.0037.2%10.7%70.0%11.8%37.4%3.2%0.0%-14.1K212.7K-5.1K0.1085.48N/AN/A636763796
2022-08-22$32.81$35.0040.0%11.5%70.1%15.1%42.4%0.6%-1.0%-17.5K253.4K-5.1K0.6486.73N/AN/A117519655
2022-08-23$32.71$35.0037.7%10.8%70.0%12.5%41.4%4.5%0.8%-19.0K277.4K-5.1K0.5988.72N/AN/A4929520658
2022-08-24$32.83$35.0036.1%10.4%69.0%10.5%36.3%5.1%0.6%-18.8K259.9K-5.4K5.6755.74N/AN/A317555679
2022-08-25$33.68$35.0034.2%9.8%42.6%8.2%28.2%7.0%1.3%-15.3K94.6K-5.3K0.1589.64N/AN/A132561693
2022-08-26$31.84$35.0038.1%10.9%45.3%12.8%37.5%2.2%2.3%-23.9K398.7K-5.4K12.6762.98N/AN/A15190574695
2022-08-29$31.19$35.0038.7%11.1%45.5%13.6%0.0%-1.2%2.5%-30.4K671.3K-6.2K1.0375.52N/AN/A3031605826
2022-08-30$30.47$35.0038.2%11.0%45.9%13.0%38.2%6.3%4.3%-31.4K841.1K-6.4K2.66109.21N/AN/A2977624857
2022-08-31$29.42$35.0039.7%11.4%46.3%14.8%39.9%13.0%3.2%-37.0K1.1M-6.4K1.7990.64N/AN/A96172636927