TRUE Options History — August 2014

In August 2014, TRUE traded between $13.39 and $20.90. ATM implied volatility averaged 68.9%. The 30-day expected move averaged 19.4%. Max pain ranged from $12.50 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.79.

Notable Days

  • 2014-08-22: Highest Volume — 2,845 contracts
  • 2014-08-08: Largest IV drop — 27.0% change
  • 2014-08-01: Largest Expected Move — 25.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.66$13.39$20.90$13.39$20.67
Max Pain$16.71$12.50$30.00$12.50$20.00
ATM IV68.9%55.5%92.2%90.1%67.3%
Expected Move19.4%16.5%25.8%25.8%21.3%
Term Structure1.2%-19.2%6.3%-19.2%5.1%
VWIV66.9%50.9%87.0%87.0%75.8%
Skew 25d3.1%0.5%6.9%1.8%3.4%
Skew 10d4.8%-9.2%25.6%-8.7%-0.9%
Call IV 25d64.9%55.1%81.7%81.7%68.3%
Put IV 25d68.0%58.0%83.5%83.5%71.7%
Bid-Ask Spread %70.0450.5691.1091.1071.14
Gamma HHI0.420.220.680.520.33
Net GEX35.7K2.1K61.4K38.2K54.4K
Net DEX-4.1M-6.8M-2.0M-2.0M-6.7M
Net VEX-16.5K-28.2K-12.4K-12.5K-28.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.007.280.000.45
Total Volume748.429442,845105905
Total OI7,765.6675,73510,7785,73510,778

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$13.39$12.5090.1%25.8%0.0%0.0%87.0%1.8%-19.2%38.2K-2.0M-12.5K0.0091.10N/AN/A10503,9751,760
2014-08-04$13.54$12.5091.2%21.4%0.0%0.0%0.0%1.9%-1.9%41.1K-2.3M-12.4K0.2976.19N/AN/A34104,0291,760
2014-08-05$13.94$12.5086.7%20.4%0.0%0.0%70.6%3.9%0.2%33.4K-2.5M-12.7K0.1779.43N/AN/A215364,0381,760
2014-08-06$14.33$12.5092.2%20.9%0.0%0.0%0.0%5.2%-0.8%37.8K-3.0M-13.0K0.1473.63N/AN/A258354,2511,780
2014-08-07$14.66$12.5084.6%19.3%0.0%0.0%70.7%4.5%0.6%50.3K-3.6M-12.8K2.3079.77N/AN/A3758614,4991,750
2014-08-08$13.52$12.5061.8%17.3%0.0%0.0%61.9%1.8%6.3%43.8K-2.5M-13.8K7.2880.71N/AN/A1421,0344,7132,598
2014-08-11$13.84$12.5069.0%16.5%0.0%0.0%58.2%0.5%4.6%17.3K-2.3M-15.5K0.0584.26N/AN/A758404,7663,632
2014-08-12$15.87$12.5056.6%17.0%0.0%0.0%57.7%4.4%1.4%2.1K-4.9M-13.2K0.2570.86N/AN/A6721704,4923,648
2014-08-13$15.18$12.5055.5%16.8%0.0%0.0%57.1%4.3%1.9%61.4K-3.6M-14.3K0.7174.92N/AN/A3922774,2413,672
2014-08-14$16.39$12.5059.2%17.0%0.0%0.0%58.8%1.9%2.7%23.9K-4.6M-13.6K0.6274.41N/AN/A3021884,1823,821
2014-08-15$15.76$12.5059.4%17.0%0.0%0.0%50.9%2.6%2.9%34.3K-3.9M-13.9K0.1476.66N/AN/A124174,1463,694
2014-08-18$16.46$0.0057.5%17.9%0.0%0.0%0.0%1.4%3.5%12.1K-3.1M-12.6K0.4362.60N/AN/A117503,1683,317
2014-08-19$16.91$0.0057.0%18.0%0.0%0.0%61.7%3.8%4.9%19.1K-3.4M-12.8K0.7154.32N/AN/A5994263,2353,321
2014-08-20$17.05$30.0059.0%18.8%0.0%0.0%65.2%1.6%2.5%28.3K-3.8M-15.5K0.2553.98N/AN/A102253,7253,747
2014-08-21$18.73$30.0062.1%19.0%0.0%0.0%66.8%6.9%1.6%28.4K-4.7M-15.8K0.2650.56N/AN/A6821803,7823,772
2014-08-22$20.90$20.0063.5%18.9%0.0%0.0%66.5%5.3%1.4%44.4K-6.8M-17.0K0.3052.50N/AN/A2,1866594,2853,944
2014-08-25$20.04$20.0070.4%20.5%0.0%0.0%73.1%1.8%1.7%38.5K-5.1M-17.7K0.3356.01N/AN/A1,4324684,0414,171
2014-08-26$19.81$20.0068.3%21.6%0.0%0.0%75.0%1.1%1.8%55.3K-5.8M-23.6K1.0164.36N/AN/A5365415,1454,499
2014-08-27$19.43$20.0067.0%20.5%0.0%0.0%72.9%2.0%4.4%46.0K-5.4M-27.3K0.5770.47N/AN/A95545,4724,987
2014-08-28$19.40$20.0069.4%21.0%0.0%0.0%74.5%5.2%0.2%39.8K-5.2M-27.9K0.3173.01N/AN/A4681475,4835,000
2014-08-29$20.67$20.0067.3%21.3%0.0%0.0%75.8%3.4%5.1%54.4K-6.7M-28.2K0.4571.14N/AN/A6252805,7295,049