FORM Options History — November 2024

In November 2024, FORM traded between $37.77 and $42.20. ATM implied volatility averaged 52.5%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 10.8% (HV 20d: 63.3%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.59.

Notable Days

  • 2024-11-21: Highest Volume — 217 contracts
  • 2024-11-08: Largest IV spike — 69.6% change
  • 2024-11-12: Highest IV Rank — 94.1%
  • 2024-11-25: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.11$37.77$42.20$38.74$40.05
Max Pain$40.25$40.00$45.00$45.00$40.00
ATM IV52.5%40.0%85.8%44.4%46.0%
Expected Move12.8%10.3%15.0%12.7%13.2%
HV 20d63.3%40.9%69.2%65.6%40.9%
HV 60d53.7%51.6%54.9%54.6%51.8%
IV Rank43.8%25.0%94.1%31.6%34.1%
IV Percentile57.6%26.2%99.6%42.9%47.2%
Term Structure-2.2%-22.3%12.2%-22.3%-5.1%
VWIV44.8%28.6%60.6%36.8%52.5%
Skew 25d4.8%-13.6%18.0%0.8%-10.7%
Skew 10d-0.1%-18.4%18.1%17.1%4.8%
Call IV 25d38.5%25.0%55.1%45.0%46.2%
Put IV 25d43.3%34.4%53.3%45.7%35.5%
Bid-Ask Spread %101.2987.27115.66115.66100.61
Gamma HHI0.380.310.480.320.39
Net GEX98.1K36.0K230.7K69.7K46.6K
Net DEX-290.1K-1.3M1.5M1.5M-1.0M
Net VEX-11.1K-16.0K-7.9K-10.1K-10.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.002.180.020.00
Total Volume64.2532174665
Total OI4,994.852,5676,9576,7072,993

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$38.74$45.0044.4%12.7%65.6%31.6%36.8%0.8%-22.3%69.7K1.5M-10.1K0.02115.66N/AN/A4515,7011,006
2024-11-04$38.96$40.0062.5%13.0%65.8%58.9%45.4%12.8%-1.5%104.0K900.5K-11.9K0.1489.86N/AN/A5785,7011,006
2024-11-05$39.27$40.0064.1%13.8%65.5%61.3%0.0%11.6%-2.6%125.5K632.9K-12.4K0.5497.83N/AN/A1375,7511,007
2024-11-06$41.79$40.0061.6%10.3%69.2%57.6%32.3%5.4%12.2%230.7K-940.3K-15.5K0.09109.83N/AN/A175155,7581,012
2024-11-07$42.20$40.0041.8%12.2%68.7%27.7%0.0%13.8%-1.1%208.5K-376.3K-14.8K0.00109.86N/AN/A305,8981,013
2024-11-08$42.02$40.0070.9%12.0%66.5%71.7%0.0%6.9%-2.4%210.7K-902.0K-16.0K0.00109.18N/AN/A5405,8981,013
2024-11-11$41.80$40.0065.7%12.4%65.9%63.8%47.1%3.3%-15.0%191.8K-115.6K-12.7K1.25110.58N/AN/A455,8511,013
2024-11-12$41.87$40.0085.8%11.6%59.9%94.1%0.0%-12.3%-0.7%151.0K576.9K-11.6K0.53105.57N/AN/A1795,8521,015
2024-11-13$40.21$40.0044.8%12.9%60.8%32.3%44.5%5.0%-2.4%136.5K482.0K-10.7K1.47105.12N/AN/A49725,8601,009
2024-11-14$39.77$40.0044.5%12.7%60.7%31.7%44.6%1.3%-0.8%59.2K1.5M-9.5K1.41103.30N/AN/A22315,8971,060
2024-11-15$37.94$40.0047.4%13.6%62.5%36.2%47.7%16.8%4.4%42.3K-377.7K-8.7K1.3096.81N/AN/A23305,921503
2024-11-18$37.91$40.0045.1%12.9%62.4%32.7%45.1%6.9%-1.8%36.0K-532.2K-7.9K0.4293.54N/AN/A48202,179388
2024-11-19$37.77$40.0040.0%11.5%62.4%25.0%40.3%5.7%5.7%40.6K-549.4K-8.2K0.0587.27N/AN/A2012,211398
2024-11-20$39.48$40.0051.5%14.8%65.0%42.3%51.5%1.4%-6.1%55.7K-1.1M-9.4K0.5097.72N/AN/A36182,214402
2024-11-21$40.59$40.0051.1%14.6%65.8%41.7%51.1%18.0%-7.1%65.5K-1.3M-9.9K1.82104.83N/AN/A771402,238420
2024-11-22$41.17$40.0042.4%12.1%65.1%28.6%42.1%-3.5%1.1%53.2K-1.3M-10.6K2.1899.96N/AN/A17372,283560
2024-11-25$41.23$40.0052.3%15.0%64.9%43.5%28.6%17.1%1.4%52.6K-1.3M-10.9K0.0398.28N/AN/A12742,295597
2024-11-26$39.95$40.0044.6%12.8%64.6%31.9%46.2%9.9%-1.1%45.7K-936.8K-10.7K0.0089.59N/AN/A2602,389597
2024-11-27$39.39$40.0042.7%12.2%63.6%29.0%60.6%-13.6%1.7%37.0K-676.9K-10.2K0.00100.37N/AN/A902,391597
2024-11-29$40.05$40.0046.0%13.2%40.9%34.1%52.5%-10.7%-5.1%46.6K-1.0M-10.8K0.00100.61N/AN/A6502,396597