FORM Options History — July 2024

In July 2024, FORM traded between $50.41 and $62.16. ATM implied volatility averaged 59.3%, placing in the 46.4% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 21.5% (HV 20d: 37.8%). Max pain ranged from $45.00 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.24.

Notable Days

  • 2024-07-31: Highest Volume — 253 contracts
  • 2024-07-09: Largest IV spike — 26.6% change
  • 2024-07-31: Highest IV Rank — 74.2%
  • 2024-07-31: Largest Expected Move — 23.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.21$50.41$62.16$60.79$53.88
Max Pain$56.36$45.00$60.00$45.00$55.00
ATM IV59.3%38.8%80.8%40.4%80.8%
Expected Move17.3%11.1%23.1%11.6%23.1%
HV 20d37.8%24.3%63.9%32.3%63.9%
HV 60d48.9%45.2%55.0%48.9%46.0%
IV Rank46.4%19.9%74.2%22.0%74.2%
IV Percentile75.4%22.2%97.6%29.0%97.6%
Term Structure-10.7%-34.6%13.6%10.3%-34.6%
VWIV56.9%34.3%72.5%42.0%63.1%
Skew 25d7.9%-7.0%27.7%0.7%18.2%
Skew 10d11.0%-7.5%27.8%5.2%10.2%
Call IV 25d53.1%35.2%65.1%42.3%57.3%
Put IV 25d61.0%39.6%78.6%43.0%75.5%
Bid-Ask Spread %89.6782.33111.3491.0486.67
Gamma HHI0.270.240.320.250.28
Net GEX216.1K108.3K286.4K243.5K155.8K
Net DEX-6.7M-9.5M-2.1M-8.6M-3.5M
Net VEX-26.2K-31.2K-16.1K-30.2K-21.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.001.440.140.58
Total Volume69.7731025342253
Total OI3,164.6362,8183,5173,1072,962

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$60.79$45.0040.4%11.6%32.3%22.0%42.0%0.7%10.3%243.5K-8.6M-30.2K0.1491.04N/AN/A3752,909198
2024-07-02$61.33$45.0038.8%11.1%31.5%19.9%37.4%2.5%13.6%243.5K-8.8M-29.9K0.0688.57N/AN/A4932,907200
2024-07-03$61.72$45.0042.8%12.3%31.2%25.1%34.3%7.0%5.1%270.9K-9.0M-30.3K0.00111.34N/AN/A15802,932200
2024-07-05$62.16$60.0040.8%15.8%27.5%22.5%53.8%11.0%-7.9%281.9K-9.5M-31.2K0.0985.37N/AN/A2323,055210
2024-07-08$61.70$60.0044.0%15.9%26.5%26.6%52.5%-7.0%-10.9%281.4K-9.1M-29.8K0.1294.53N/AN/A4253,070212
2024-07-09$61.82$60.0055.6%16.2%24.8%41.7%40.4%11.4%-8.8%286.4K-9.4M-30.2K0.0385.99N/AN/A3613,083218
2024-07-10$61.65$60.0057.0%16.4%25.0%43.5%56.8%9.1%-10.1%279.4K-9.2M-29.8K1.4486.61N/AN/A18263,106218
2024-07-11$60.03$60.0055.8%16.0%27.5%41.9%57.1%2.7%-9.6%241.7K-8.2M-29.0K0.3782.33N/AN/A54203,101238
2024-07-12$59.63$60.0058.8%16.9%24.3%45.8%57.8%3.2%-13.1%249.9K-8.0M-28.7K0.2483.73N/AN/A2153,150255
2024-07-15$61.19$60.0059.9%17.2%25.6%47.2%57.5%9.3%-13.8%263.5K-8.7M-28.9K0.0483.98N/AN/A5023,155257
2024-07-16$61.84$60.0059.1%16.9%25.4%46.2%57.4%6.0%-11.2%279.1K-8.9M-28.7K0.0884.94N/AN/A1213,135259
2024-07-17$57.17$60.0064.5%18.5%38.0%53.1%62.3%5.9%-12.2%211.4K-6.5M-24.9K0.7285.77N/AN/A90653,135260
2024-07-18$56.38$60.0065.0%18.6%36.6%53.8%68.6%9.6%-18.7%191.1K-5.9M-24.7K0.2589.15N/AN/A77193,182317
2024-07-19$55.89$55.0060.1%17.2%34.9%47.5%64.8%11.0%-10.8%168.9K-5.9M-24.5K0.0384.43N/AN/A6923,185332
2024-07-22$59.28$55.0062.5%17.9%40.7%50.6%62.2%-4.4%-11.4%198.1K-6.0M-27.5K0.0591.85N/AN/A4222,588230
2024-07-23$60.55$55.0060.8%17.4%41.1%48.3%60.5%-1.1%-4.7%218.0K-6.7M-28.1K0.1286.64N/AN/A2532,611232
2024-07-24$57.59$55.0062.0%17.8%44.2%50.0%60.7%12.4%-10.5%193.7K-5.4M-26.2K0.0787.74N/AN/A4132,630234
2024-07-25$51.91$60.0070.2%20.1%57.0%60.5%58.7%4.0%-18.8%129.6K-3.0M-19.6K0.0893.19N/AN/A163132,603237
2024-07-26$51.34$60.0072.6%20.8%57.0%63.7%60.2%22.6%-18.5%124.9K-2.7M-19.2K0.1893.11N/AN/A3362,671248
2024-07-29$52.33$55.0080.5%23.1%57.5%73.8%72.5%12.0%-22.3%133.3K-2.5M-17.5K0.0797.42N/AN/A4632,687254
2024-07-30$50.41$55.0071.6%20.5%58.2%62.4%70.9%27.7%-16.3%108.3K-2.1M-16.1K0.4398.44N/AN/A732,699257
2024-07-31$53.88$55.0080.8%23.1%63.9%74.2%63.1%18.2%-34.6%155.8K-3.5M-21.0K0.5886.67N/AN/A160932,703259