TRUE Options History — May 2014

In May 2014, TRUE traded between $10.56 and $10.96. ATM implied volatility averaged 67.6%. The 30-day expected move averaged 19.4%. Net GEX was positive for 0 of 2 trading days. Term structure was in contango for 2 of 2 days. Put/call ratio averaged 0.00.

Notable Days

2014-05-30: Highest Volume — 27 contracts
2014-05-30: Largest IV drop — 8.5% change
2014-05-29: Largest Expected Move — 20.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.76	$10.56	$10.96	$10.56	$10.96
ATM IV	67.6%	64.6%	70.5%	70.5%	64.6%
Expected Move	19.4%	18.5%	20.2%	20.2%	18.5%
Term Structure	10.0%	5.1%	14.8%	5.1%	14.8%
Bid-Ask Spread %	120.49	116.07	124.90	116.07	124.90
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	-48	-96	0	0	-96
Net DEX	2.7K	0	5.4K	0	5.4K
Net VEX	-24	-47	0	0	-47
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	21	15	27	15	27
Total OI	7.5	0	15	0	15

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
2014-05-29	$10.56	$0.00	70.5%	20.2%	0.0%	0.0%	0.0%	0.0%	5.1%	0	0	0	0.00	116.07	N/A	N/A	0	15	0	0
2014-05-30	$10.96	$0.00	64.6%	18.5%	0.0%	0.0%	0.0%	0.0%	14.8%	-96	5.4K	-47	0.00	124.90	N/A	N/A	27	0	0	15