FORM Options History — August 2024

In August 2024, FORM traded between $40.78 and $51.06. ATM implied volatility averaged 56.0%, placing in the 42.1% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded below realized volatility by 31.8% (HV 20d: 87.7%). Max pain ranged from $35.00 to $55.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.38.

Notable Days

  • 2024-08-02: Highest Volume — 424 contracts
  • 2024-08-26: Largest IV spike — 39.8% change
  • 2024-08-08: Highest IV Rank — 76.4%
  • 2024-08-02: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.10$40.78$51.06$47.45$48.52
Max Pain$40.68$35.00$55.00$55.00$40.00
ATM IV56.0%34.2%82.4%50.0%38.6%
Expected Move14.3%9.8%18.3%14.3%11.1%
HV 20d87.7%41.2%96.5%76.7%41.2%
HV 60d61.9%52.8%63.7%52.8%62.3%
IV Rank42.1%13.9%76.4%34.3%19.6%
IV Percentile63.1%6.3%98.4%59.1%19.8%
Term Structure-3.1%-25.4%20.0%5.5%1.6%
VWIV48.1%41.7%69.1%55.3%42.8%
Skew 25d7.0%-5.3%25.0%5.7%6.6%
Skew 10d7.5%-38.2%67.4%67.4%-16.4%
Call IV 25d47.7%22.8%59.2%56.0%43.3%
Put IV 25d54.7%46.3%68.0%61.6%49.9%
Bid-Ask Spread %102.6991.05112.78108.08102.69
Gamma HHI0.270.230.320.320.26
Net GEX94.0K32.8K131.5K74.0K105.9K
Net DEX-1.8M-2.8M53.8K-907.6K-2.1M
Net VEX-13.2K-15.8K-6.9K-13.1K-12.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.003.331.130.00
Total Volume66.682442413018
Total OI3,220.4552,8043,6543,1912,933

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$47.45$55.0050.0%14.3%76.7%34.3%55.3%5.7%5.5%74.0K-907.6K-13.1K1.13108.08N/AN/A61692,870321
2024-08-02$40.78$55.0063.9%18.3%90.5%52.3%69.1%-0.4%-25.4%32.8K53.8K-6.9K0.31112.64N/AN/A3241002,902305
2024-08-05$41.41$50.0067.7%15.5%91.3%57.3%44.3%8.8%9.9%51.1K-377.1K-10.5K1.78112.78N/AN/A9163,199348
2024-08-06$42.38$50.0059.8%18.1%92.3%47.0%56.5%-3.6%-13.9%51.5K-491.2K-10.5K0.08100.00N/AN/A9983,202327
2024-08-07$43.11$35.0064.2%15.3%93.0%52.8%0.0%16.6%-0.9%59.3K-794.4K-11.7K0.0091.05N/AN/A5903,281325
2024-08-08$44.29$35.0082.4%16.8%94.3%76.4%48.8%6.7%-7.7%71.2K-1.1M-12.7K0.05106.31N/AN/A10753,305319
2024-08-09$43.91$35.0081.1%15.2%94.3%74.6%0.0%-2.8%-6.8%67.8K-1.1M-11.1K0.00108.40N/AN/A603,310272
2024-08-12$43.46$35.0079.3%14.2%93.1%72.3%44.3%7.0%-4.1%60.5K-951.2K-10.1K0.0395.01N/AN/A3313,316272
2024-08-13$46.00$35.0081.7%15.1%96.3%75.4%47.5%17.3%-8.1%99.4K-2.0M-15.3K0.0096.43N/AN/A903,347273
2024-08-14$46.63$35.0053.2%15.3%93.7%38.6%48.9%21.1%-9.6%94.5K-1.9M-13.3K0.1895.97N/AN/A5193,381273
2024-08-15$49.17$35.0043.0%12.3%96.3%25.4%41.9%-3.5%2.6%111.0K-2.6M-15.5K0.0197.91N/AN/A22933,377264
2024-08-16$49.52$40.0039.3%11.3%96.5%20.5%41.7%0.3%2.9%109.5K-2.6M-14.6K0.00101.57N/AN/A1503,321263
2024-08-19$50.50$40.0053.5%15.3%93.9%38.9%48.8%18.2%-13.5%125.4K-2.7M-15.8K0.50105.15N/AN/A422,588216
2024-08-20$49.52$40.0049.1%14.1%93.3%33.2%47.5%15.0%-6.6%113.5K-2.4M-14.4K0.00101.74N/AN/A902,590218
2024-08-21$50.79$40.0046.7%13.4%92.9%30.1%45.3%2.2%-1.5%128.2K-2.8M-15.6K0.00100.08N/AN/A1902,594218
2024-08-22$49.35$40.0045.8%13.1%86.0%28.9%42.9%25.0%1.4%117.0K-2.5M-14.8K3.3399.67N/AN/A3102,588218
2024-08-23$51.06$40.0034.2%9.8%86.9%13.9%48.9%4.5%20.0%131.5K-2.8M-15.3K0.00110.09N/AN/A1502,587229
2024-08-26$49.39$40.0047.8%13.7%87.3%31.6%47.3%7.4%-5.6%113.6K-2.3M-13.2K0.7697.67N/AN/A34262,576229
2024-08-27$50.63$40.0043.0%12.3%86.9%25.4%43.0%0.3%-0.2%120.3K-2.7M-15.6K0.11111.33N/AN/A7282,608255
2024-08-28$49.23$40.0054.7%15.7%83.7%40.5%0.0%-5.3%0.9%116.8K-2.5M-14.7K0.0093.69N/AN/A3002,645255
2024-08-29$49.08$40.0052.2%15.0%70.1%37.3%0.0%6.0%-9.3%112.5K-2.2M-12.9K0.00110.94N/AN/A402,675255
2024-08-30$48.52$40.0038.6%11.1%41.2%19.6%42.8%6.6%1.6%105.9K-2.1M-12.9K0.00102.69N/AN/A1802,678255