FORM Options History — April 2026

In April 2026, FORM traded between $101.26 and $103.03. ATM implied volatility averaged 74.2%, placing in the 52.0% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded above realized volatility by 1.6% (HV 20d: 72.5%). Max pain ranged from $65.00 to $80.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 1 of 2 days. Put/call ratio averaged 0.99.

Notable Days

2026-04-01: Highest Volume — 533 contracts
2026-04-02: Largest IV drop — 1.7% change
2026-04-01: Highest IV Rank — 53.1%
2026-04-01: Largest Expected Move — 21.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$102.15	$101.26	$103.03	$101.26	$103.03
Max Pain	$72.50	$65.00	$80.00	$80.00	$65.00
ATM IV	74.2%	73.5%	74.8%	74.8%	73.5%
Expected Move	21.3%	21.1%	21.4%	21.4%	21.1%
HV 20d	72.5%	71.0%	74.1%	74.1%	71.0%
HV 60d	71.6%	71.1%	72.0%	72.0%	71.1%
IV Rank	52.0%	51.0%	53.1%	53.1%	51.0%
IV Percentile	85.5%	84.9%	86.1%	86.1%	84.9%
Term Structure	3.3%	-6.4%	13.0%	13.0%	-6.4%
VWIV	87.8%	81.8%	93.9%	81.8%	93.9%
Skew 25d	8.2%	8.0%	8.4%	8.0%	8.4%
Skew 10d	17.6%	8.0%	27.3%	8.0%	27.3%
Call IV 25d	77.6%	72.4%	82.8%	72.4%	82.8%
Put IV 25d	85.9%	80.4%	91.3%	80.4%	91.3%
Bid-Ask Spread %	28.52	18.87	38.17	18.87	38.17
Gamma HHI	0.15	0.14	0.15	0.14	0.15
Net GEX	334.0K	333.7K	334.3K	333.7K	334.3K
Net DEX	-27.0M	-27.9M	-26.1M	-26.1M	-27.9M
Net VEX	-67.7K	-67.7K	-67.6K	-67.7K	-67.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.99	0.27	1.71	1.71	0.27
Total Volume	437	341	533	533	341
Total OI	8,098.5	7,916	8,281	7,916	8,281

Daily Data (2 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
2026-04-01	$101.26	$80.00	74.8%	21.4%	74.1%	53.1%	81.8%	8.0%	13.0%	333.7K	-26.1M	-67.7K	1.71	18.87	N/A	N/A	197	336	4,732	3,184
2026-04-02	$103.03	$65.00	73.5%	21.1%	71.0%	51.0%	93.9%	8.4%	-6.4%	334.3K	-27.9M	-67.6K	0.27	38.17	N/A	N/A	268	73	4,812	3,469