FORM Options History — December 2024

In December 2024, FORM traded between $40.81 and $47.94. ATM implied volatility averaged 51.3%, placing in the 42.0% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 5.2% (HV 20d: 46.1%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.09.

Notable Days

  • 2024-12-18: Highest Volume — 14,091 contracts
  • 2024-12-18: Largest IV spike — 78.8% change
  • 2024-12-18: Highest IV Rank — 97.6%
  • 2024-12-18: Largest Expected Move — 25.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.69$40.81$47.94$42.57$43.90
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV51.3%30.8%88.1%30.8%56.1%
Expected Move14.9%8.8%25.3%8.8%16.1%
HV 20d46.1%42.4%51.5%45.7%48.6%
HV 60d53.2%52.0%54.7%52.7%53.9%
IV Rank42.0%11.2%97.6%11.2%49.3%
IV Percentile53.4%3.2%99.6%3.2%69.8%
Term Structure7.1%-9.5%20.3%14.6%16.4%
VWIV55.1%35.2%100.0%45.8%59.3%
Skew 25d-5.9%-26.3%12.4%7.8%-4.3%
Skew 10d-11.3%-47.9%20.8%3.4%-25.9%
Call IV 25d54.2%27.3%104.5%27.3%59.0%
Put IV 25d48.3%28.2%87.2%35.1%54.7%
Bid-Ask Spread %75.7042.30103.41103.4145.42
Gamma HHI0.360.300.450.450.37
Net GEX328.7K69.4K869.6K79.7K628.9K
Net DEX-7.7M-22.1M-1.5M-2.2M-11.2M
Net VEX-29.9K-72.0K-10.3K-11.0K-53.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.000.250.120.18
Total Volume1,588.5241114,091113348
Total OI7,043.3813,07113,7983,07113,392

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$42.57$40.0030.8%8.8%45.7%11.2%45.8%7.8%14.6%79.7K-2.2M-11.0K0.12103.41N/AN/A101122,474597
2024-12-03$42.51$40.0036.5%10.5%45.8%19.8%41.4%5.5%3.3%85.8K-2.3M-11.3K0.1389.14N/AN/A6182,523591
2024-12-04$42.52$40.0032.0%9.2%45.8%13.0%35.2%-6.9%6.4%91.2K-2.5M-10.9K0.0399.26N/AN/A3712,584601
2024-12-05$40.81$40.0048.0%12.5%43.0%37.0%43.2%-2.1%5.1%69.4K-1.5M-10.4K0.2389.70N/AN/A2662,589600
2024-12-06$42.45$40.0031.7%12.7%45.2%12.5%43.8%12.4%2.4%90.5K-2.2M-10.7K0.0087.72N/AN/A1102,592600
2024-12-09$42.71$40.0042.8%12.3%45.2%29.2%44.1%3.7%4.4%97.5K-2.6M-10.3K0.1981.20N/AN/A129242,598600
2024-12-10$42.23$40.0039.7%12.5%45.4%24.6%42.7%-1.7%5.7%88.1K-2.3M-10.3K0.1786.72N/AN/A82142,655620
2024-12-11$43.05$40.0042.0%12.0%45.9%28.0%44.1%3.6%4.6%100.3K-2.8M-10.6K0.0681.03N/AN/A337192,663627
2024-12-12$42.97$40.0044.9%12.9%43.1%32.3%42.1%1.6%3.2%124.0K-3.4M-11.7K0.0582.98N/AN/A9152,944640
2024-12-13$42.19$40.0043.5%12.5%43.5%30.3%42.8%-1.3%4.0%123.2K-3.0M-11.3K0.0083.86N/AN/A17203,029642
2024-12-16$44.38$40.0049.3%14.1%42.4%39.1%47.3%-10.7%-0.1%170.3K-4.7M-11.9K0.0287.68N/AN/A709143,171642
2024-12-17$43.81$40.0049.3%14.1%43.0%39.0%45.2%-15.6%-2.5%185.4K-4.5M-13.4K0.0089.41N/AN/A1,21633,599655
2024-12-18$44.45$40.0088.1%25.3%42.9%97.6%100.0%-17.3%-9.5%222.7K-7.8M-22.7K0.0542.30N/AN/A13,3887034,673656
2024-12-19$42.36$40.0071.7%20.6%45.0%72.8%82.1%-13.4%8.2%369.4K-9.1M-44.8K0.0553.45N/AN/A1,2566810,2941,150
2024-12-20$43.04$40.0066.3%19.0%44.4%64.6%71.9%-16.7%10.7%425.0K-10.0M-46.1K0.0372.11N/AN/A4,58113011,0511,179
2024-12-23$45.89$40.0065.3%18.7%49.3%63.1%64.3%-26.3%11.2%728.3K-17.7M-65.1K0.2565.57N/AN/A1,49036711,311706
2024-12-24$47.94$40.0063.2%18.1%51.1%60.1%67.1%-6.7%12.6%869.6K-22.1M-72.0K0.0361.38N/AN/A1,6134511,760971
2024-12-26$46.88$40.0062.2%17.8%50.3%58.4%66.8%-8.3%13.8%837.4K-19.3M-67.5K0.0756.23N/AN/A2,75918512,0381,010
2024-12-27$45.62$40.0060.5%17.3%51.3%55.9%67.4%-6.9%13.4%789.7K-16.5M-66.9K0.1058.34N/AN/A2,32922412,6201,178
2024-12-30$45.21$40.0053.2%15.2%51.5%44.8%60.4%-19.4%20.3%725.8K-13.0M-55.2K0.0572.81N/AN/A7573811,9201,166
2024-12-31$43.90$40.0056.1%16.1%48.6%49.3%59.3%-4.3%16.4%628.9K-11.2M-53.9K0.1845.42N/AN/A2945412,2071,185