FORM Options History — June 2024

In June 2024, FORM traded between $53.02 and $60.34. ATM implied volatility averaged 38.8%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 0.6% (HV 20d: 39.4%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.18.

Notable Days

2024-06-28: Highest Volume — 1,647 contracts
2024-06-17: Largest IV spike — 39.6% change
2024-06-11: Highest IV Rank — 33.5%
2024-06-28: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.99	$53.02	$60.34	$53.28	$60.34
Max Pain	$46.32	$45.00	$55.00	$50.00	$45.00
ATM IV	38.8%	29.7%	49.3%	43.2%	46.7%
Expected Move	11.1%	8.5%	13.4%	12.4%	13.4%
HV 20d	39.4%	35.1%	41.4%	35.3%	39.4%
HV 60d	49.6%	48.9%	50.4%	49.6%	49.1%
IV Rank	19.9%	8.2%	33.5%	25.6%	30.1%
IV Percentile	23.5%	1.2%	56.7%	34.5%	54.0%
Term Structure	6.0%	-8.6%	29.4%	-8.6%	5.0%
VWIV	35.5%	25.0%	43.8%	33.5%	41.3%
Skew 25d	-1.8%	-10.7%	8.1%	-10.7%	2.3%
Skew 10d	4.2%	-9.1%	27.4%	23.4%	-3.3%
Call IV 25d	34.0%	24.6%	49.0%	44.2%	39.1%
Put IV 25d	32.2%	28.1%	41.4%	33.5%	41.4%
Bid-Ask Spread %	106.54	95.90	113.05	113.05	98.32
Gamma HHI	0.32	0.22	0.46	0.22	0.26
Net GEX	123.0K	74.3K	165.7K	81.5K	133.8K
Net DEX	-4.9M	-6.9M	-2.7M	-2.8M	-6.3M
Net VEX	-16.4K	-22.0K	-10.9K	-10.9K	-18.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.18	0.00	2.67	2.67	0.02
Total Volume	173.053	1	1,647	33	1,647
Total OI	1,744.263	1,327	2,130	1,327	1,882

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-06-03	$53.28	$50.00	43.2%	12.4%	35.3%	25.6%	33.5%	-10.7%	-8.6%	81.5K	-2.8M	-10.9K	2.67	113.05	N/A	N/A	9	24	1,164	163
2024-06-04	$53.02	$55.00	42.3%	12.1%	35.1%	24.4%	32.1%	-10.1%	-8.6%	74.3K	-2.7M	-11.0K	0.13	106.47	N/A	N/A	15	2	1,167	181
2024-06-05	$55.58	$55.00	39.7%	11.4%	38.1%	21.1%	25.6%	-2.2%	-1.9%	85.1K	-3.4M	-11.4K	0.01	108.75	N/A	N/A	202	1	1,168	179
2024-06-06	$54.60	$45.00	35.5%	12.2%	38.6%	15.6%	0.0%	8.0%	-0.4%	101.6K	-3.6M	-14.1K	0.09	110.48	N/A	N/A	11	1	1,369	178
2024-06-07	$53.55	$45.00	40.6%	13.1%	38.6%	22.2%	28.8%	1.9%	-3.9%	95.1K	-3.2M	-13.6K	0.08	108.77	N/A	N/A	12	1	1,380	179
2024-06-10	$54.19	$45.00	41.5%	11.1%	38.8%	23.4%	0.0%	-0.8%	2.8%	99.6K	-3.5M	-13.3K	0.00	105.93	N/A	N/A	65	0	1,380	178
2024-06-11	$54.79	$45.00	49.3%	11.8%	38.5%	33.5%	25.0%	2.8%	3.4%	108.8K	-3.8M	-14.5K	0.00	95.90	N/A	N/A	7	0	1,445	178
2024-06-12	$57.04	$45.00	30.3%	8.7%	41.1%	9.0%	36.9%	-5.3%	6.8%	122.0K	-4.4M	-14.2K	0.17	103.87	N/A	N/A	6	1	1,443	178
2024-06-13	$57.61	$45.00	34.9%	10.0%	41.1%	14.8%	0.0%	-2.9%	2.3%	118.6K	-4.5M	-14.9K	0.00	106.60	N/A	N/A	310	0	1,443	178
2024-06-14	$57.19	$45.00	31.3%	9.0%	40.8%	10.2%	0.0%	-5.3%	6.2%	137.3K	-5.3M	-18.3K	0.00	107.04	N/A	N/A	6	0	1,699	178
2024-06-17	$58.42	$45.00	43.7%	12.5%	40.2%	26.3%	43.8%	0.9%	0.2%	140.7K	-5.7M	-17.9K	0.00	106.94	N/A	N/A	1	0	1,700	178
2024-06-18	$60.08	$45.00	33.0%	9.5%	39.8%	12.4%	38.8%	-10.0%	6.8%	165.7K	-6.4M	-17.8K	0.00	105.30	N/A	N/A	272	1	1,700	178
2024-06-20	$58.08	$45.00	36.8%	10.5%	41.4%	17.2%	31.3%	-1.7%	14.4%	146.4K	-5.5M	-17.8K	0.00	111.00	N/A	N/A	64	0	1,724	178
2024-06-21	$57.38	$45.00	38.2%	10.9%	40.6%	19.1%	37.0%	-6.0%	6.0%	128.3K	-5.5M	-18.4K	0.00	108.17	N/A	N/A	176	0	1,766	178
2024-06-24	$58.20	$45.00	29.7%	8.5%	40.0%	8.2%	0.0%	8.1%	23.8%	143.9K	-6.1M	-20.2K	0.03	112.60	N/A	N/A	29	1	1,861	127
2024-06-25	$59.55	$45.00	39.7%	11.4%	40.8%	21.1%	38.0%	-5.5%	11.1%	144.8K	-6.6M	-20.7K	0.20	102.97	N/A	N/A	69	14	1,888	128
2024-06-26	$59.94	$45.00	42.8%	12.3%	40.9%	25.0%	42.8%	1.3%	18.2%	152.3K	-6.9M	-21.6K	0.05	101.60	N/A	N/A	37	2	1,953	142
2024-06-27	$59.88	$45.00	38.2%	11.0%	39.4%	19.1%	42.6%	0.1%	29.4%	157.3K	-6.9M	-22.0K	0.00	110.44	N/A	N/A	301	1	1,986	144
2024-06-28	$60.34	$45.00	46.7%	13.4%	39.4%	30.1%	41.3%	2.3%	5.0%	133.8K	-6.3M	-18.3K	0.02	98.32	N/A	N/A	1,619	28	1,737	145