FORM Options History — October 2022

In October 2022, FORM traded between $19.98 and $28.05. ATM implied volatility averaged 54.8%, placing in the 30.5% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 9.1% (HV 20d: 45.7%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2022-10-19: Highest Volume — 417 contracts
  • 2022-10-07: Largest IV spike — 27.1% change
  • 2022-10-26: Highest IV Rank — 44.6%
  • 2022-10-26: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.50$19.98$28.05$26.25$20.38
Max Pain$25.71$25.00$30.00$30.00$25.00
ATM IV54.8%37.4%67.6%45.8%52.8%
Expected Move16.1%11.2%19.4%13.1%15.1%
HV 20d45.7%30.2%107.9%30.2%107.3%
HV 60d50.9%39.1%68.8%50.0%68.8%
IV Rank30.5%11.2%44.6%20.5%28.2%
IV Percentile68.5%14.7%95.6%39.3%61.5%
Term Structure-5.2%-12.3%10.0%7.3%-4.6%
VWIV56.4%40.9%64.1%47.7%57.9%
Skew 25d6.3%-1.4%25.1%-0.2%7.8%
Skew 10d10.9%-19.4%46.3%7.0%-9.2%
Call IV 25d54.1%40.6%62.4%48.4%54.0%
Put IV 25d60.4%44.7%70.4%48.2%61.8%
Bid-Ask Spread %55.4137.1886.4947.9556.22
Gamma HHI0.490.220.870.430.25
Net GEX-37.8K-85.3K319-48.5K-4.5K
Net DEX899.0K170.8K1.9M1.8M553.7K
Net VEX-3.0K-4.4K-1.3K-3.5K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.361.420.641.07
Total Volume220.952114417126288
Total OI1,422.4766941,8991,776898

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-10-03$26.25$30.0045.8%13.1%30.2%20.5%47.7%-0.2%7.3%-48.5K1.8M-3.5K0.6447.95N/AN/A77496871,089
2022-10-04$26.72$30.0045.0%12.9%31.0%19.6%44.4%-0.3%7.4%-52.5K1.7M-3.7K0.5558.85N/AN/A83466881,089
2022-10-05$27.65$30.0039.0%11.2%33.3%12.9%40.9%5.9%10.0%-59.9K1.5M-4.0K0.4362.50N/AN/A150647071,091
2022-10-06$28.05$25.0037.4%14.4%33.7%11.2%51.9%4.3%-5.6%-62.2K1.3M-4.4K0.4058.22N/AN/A160647821,110
2022-10-07$27.31$25.0047.6%15.7%33.3%22.5%51.5%6.1%-7.1%-53.3K1.5M-4.0K0.4553.01N/AN/A143647821,110
2022-10-10$27.45$25.0055.2%16.2%33.1%30.9%53.6%5.6%-7.4%-53.8K1.5M-3.9K0.4649.20N/AN/A144667851,110
2022-10-11$26.24$25.0049.3%16.0%31.4%24.4%54.8%6.2%-7.6%-44.6K1.8M-3.3K0.4652.47N/AN/A143667871,110
2022-10-12$25.34$25.0054.4%15.6%33.4%30.1%54.6%5.9%-7.4%-45.1K1.9M-2.8K0.4653.75N/AN/A145677891,110
2022-10-13$26.03$25.0053.3%15.3%35.1%28.7%54.3%6.6%-6.4%-36.5K450.9K-2.8K0.6655.15N/AN/A10167791573
2022-10-14$25.04$25.0057.8%16.6%37.3%33.8%58.7%4.0%-9.2%-45.2K642.5K-2.7K1.1359.01N/AN/A102115804573
2022-10-17$25.29$25.0059.1%16.9%37.0%35.2%60.1%6.2%-10.7%-51.4K650.7K-2.7K0.4659.48N/AN/A16776810622
2022-10-18$25.36$25.0060.3%17.3%36.9%36.5%60.7%7.5%-12.2%-59.8K574.1K-2.9K1.4258.42N/AN/A172244861622
2022-10-19$25.10$25.0063.2%18.1%36.8%39.7%64.1%6.2%-11.6%-83.9K748.7K-2.9K1.4058.79N/AN/A174243869723
2022-10-20$25.68$25.0062.7%18.0%37.6%39.1%63.5%6.4%-8.3%-85.3K431.4K-2.9K0.8237.18N/AN/A11393872723
2022-10-21$26.58$25.0063.9%18.3%39.6%40.5%63.8%6.5%-9.0%-566171.6K-2.9K0.7241.37N/AN/A13093866723
2022-10-24$26.37$25.0065.1%18.7%39.2%41.8%63.5%8.5%-9.6%-601232.5K-2.9K0.5452.82N/AN/A10155386308
2022-10-25$26.79$25.0063.0%18.1%39.2%39.5%60.6%25.1%7.5%319170.8K-3.1K0.6886.49N/AN/A6846391312
2022-10-26$27.29$25.0067.6%19.4%39.3%44.6%61.9%9.7%-12.3%-161173.2K-3.1K0.3657.81N/AN/A11842394325
2022-10-27$20.64$25.0056.0%16.0%107.7%31.7%60.1%-1.4%-9.3%-2.7K499.3K-1.3K1.0456.89N/AN/A126131415326
2022-10-28$19.98$25.0053.5%15.3%107.9%29.0%56.7%5.8%-3.3%-4.4K558.6K-1.4K1.3048.01N/AN/A106138442417
2022-10-31$20.38$25.0052.8%15.1%107.3%28.2%57.9%7.8%-4.6%-4.5K553.7K-1.5K1.0756.22N/AN/A139149469429