FORM Options History — June 2023

In June 2023, FORM traded between $30.02 and $34.20. ATM implied volatility averaged 51.9%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 11.1% (HV 20d: 40.8%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.05.

Notable Days

  • 2023-06-28: Highest Volume — 49 contracts
  • 2023-06-14: Largest IV drop — 46.9% change
  • 2023-06-13: Highest IV Rank — 58.4%
  • 2023-06-16: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.33$30.02$34.20$31.87$34.20
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV51.9%39.1%81.9%47.0%39.1%
Expected Move13.4%11.2%15.7%13.5%11.2%
HV 20d40.8%38.4%42.6%42.6%41.8%
HV 60d38.2%36.7%39.2%37.0%38.1%
IV Rank23.7%8.9%58.4%18.0%8.9%
IV Percentile50.7%13.9%98.8%34.9%13.9%
Term Structure-0.1%-15.5%13.4%-10.7%13.4%
VWIV45.7%25.0%85.7%85.7%35.0%
Skew 25d6.8%-6.7%33.7%-6.7%4.0%
Skew 10d13.2%-14.6%67.9%4.9%8.7%
Call IV 25d39.7%32.4%47.0%43.9%33.9%
Put IV 25d46.6%37.2%80.8%37.2%38.0%
Bid-Ask Spread %106.9694.29115.97107.82103.64
Gamma HHI0.590.470.760.510.68
Net GEX10.7K6.9K21.2K10.0K16.9K
Net DEX-389.2K-570.1K-264.1K-455.8K-570.1K
Net VEX-1.5K-1.7K-1.3K-1.7K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.670.000.00
Total Volume6.571049210
Total OI381.143361410379410

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$31.87$30.0047.0%13.5%42.6%18.0%85.7%-6.7%-10.7%10.0K-455.8K-1.7K0.00107.82N/AN/A2028396
2023-06-02$31.45$30.0049.7%14.2%39.1%21.1%0.0%18.2%2.7%9.1K-421.6K-1.7K0.00111.67N/AN/A1028296
2023-06-05$30.09$30.0051.2%13.1%38.4%22.9%0.0%5.3%2.6%8.3K-319.1K-1.6K0.0098.07N/AN/A0228396
2023-06-06$31.08$30.0063.5%13.2%39.7%37.2%57.7%13.9%-3.4%9.5K-381.2K-1.6K0.00107.83N/AN/A6028398
2023-06-07$31.67$30.0058.8%12.8%39.7%31.7%38.1%9.2%-11.9%10.5K-446.8K-1.6K0.00104.53N/AN/A12028398
2023-06-08$31.39$30.0054.2%12.4%38.7%26.3%42.6%5.3%-1.5%10.2K-415.1K-1.6K0.00103.90N/AN/A4028898
2023-06-09$30.51$30.0058.5%13.4%40.3%31.3%0.0%-3.7%3.0%9.5K-345.0K-1.6K0.00103.91N/AN/A0128898
2023-06-12$31.11$30.0056.0%12.4%40.0%28.4%50.5%-0.1%4.0%9.7K-388.7K-1.5K0.00103.82N/AN/A0428899
2023-06-13$32.17$30.0081.9%12.3%40.6%58.4%0.0%3.3%-0.2%11.7K-450.7K-1.5K0.00102.02N/AN/A10288103
2023-06-14$31.16$30.0043.5%12.5%42.3%13.9%41.6%5.1%2.5%10.2K-398.4K-1.5K0.67108.33N/AN/A32289103
2023-06-15$30.71$30.0051.6%14.8%42.1%23.3%0.0%5.6%-8.6%10.4K-365.9K-1.5K0.00109.64N/AN/A30291105
2023-06-16$30.11$30.0054.9%15.7%41.3%27.2%0.0%1.0%-15.5%21.2K-357.5K-1.6K0.00107.09N/AN/A20291105
2023-06-20$30.80$30.0039.6%11.4%41.8%9.4%25.0%6.9%1.3%9.0K-342.4K-1.4K0.0094.29N/AN/A11027094
2023-06-21$31.07$30.0047.5%13.6%41.8%18.6%50.3%16.5%11.7%10.2K-358.8K-1.4K0.00108.06N/AN/A0726893
2023-06-22$30.99$30.0044.8%12.8%41.7%15.4%42.0%5.0%-4.6%8.6K-348.8K-1.4K0.00114.45N/AN/A07268100
2023-06-23$30.02$30.0045.7%13.1%41.8%16.4%0.0%-0.9%8.9%6.9K-264.1K-1.3K0.00110.05N/AN/A20268100
2023-06-26$30.18$30.0054.7%15.7%41.4%26.9%0.0%6.0%-2.2%7.7K-306.5K-1.4K0.00108.69N/AN/A00268100
2023-06-27$31.39$30.0054.5%15.6%39.4%26.7%0.0%33.7%7.4%8.4K-340.3K-1.3K0.00115.97N/AN/A00268100
2023-06-28$32.39$30.0050.3%14.4%41.0%21.9%39.1%4.5%-10.2%11.1K-388.6K-1.3K0.04112.79N/AN/A472268100
2023-06-29$33.63$30.0043.6%12.5%42.0%14.0%41.3%11.1%9.7%15.1K-507.7K-1.5K0.00109.69N/AN/A90295102
2023-06-30$34.20$30.0039.1%11.2%41.8%8.9%35.0%4.0%13.4%16.9K-570.1K-1.5K0.00103.64N/AN/A100304106