TRUE Options History — November 2014

In November 2014, TRUE traded between $16.33 and $19.50. ATM implied volatility averaged 77.2%. The 30-day expected move averaged 22.6%. Max pain ranged from $17.50 to $20.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.26.

Notable Days

  • 2014-11-06: Highest Volume — 5,406 contracts
  • 2014-11-06: Largest IV drop — 16.4% change
  • 2014-11-03: Largest Expected Move — 25.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.63$16.33$19.50$17.45$19.16
Max Pain$18.16$17.50$20.00$20.00$20.00
ATM IV77.2%61.6%96.9%96.0%63.5%
Expected Move22.6%20.7%25.0%25.0%20.7%
Term Structure-1.7%-11.1%5.1%-4.9%3.7%
VWIV78.0%72.2%84.8%83.8%72.2%
Skew 25d3.1%-7.6%11.4%-1.1%4.5%
Skew 10d14.3%-7.3%62.4%8.8%17.2%
Call IV 25d77.4%63.0%100.4%99.0%63.0%
Put IV 25d80.5%65.2%101.8%97.8%67.4%
Bid-Ask Spread %48.7741.4357.5252.1353.33
Gamma HHI0.280.180.380.180.34
Net GEX70.7K-54.6K255.3K-10.5K156.8K
Net DEX1.5M-8.4M6.5M3.9M-6.6M
Net VEX-45.8K-49.8K-40.8K-46.3K-49.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.222.582.580.62
Total Volume2,668.4211545,4062,973154
Total OI27,166.26320,07032,09724,02922,359

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-11-03$17.45$20.0096.0%25.0%0.0%0.0%83.8%-1.1%-4.9%-10.5K3.9M-46.3K2.5852.13N/AN/A8312,14212,90711,122
2014-11-04$17.19$20.0096.9%24.0%0.0%0.0%79.9%0.5%-8.8%-6.2K4.2M-46.0K1.5844.34N/AN/A1,3352,10313,35911,092
2014-11-05$16.54$20.0096.1%23.9%0.0%0.0%84.8%6.6%-11.1%-12.2K5.8M-41.3K2.0147.93N/AN/A1,5293,07713,21611,145
2014-11-06$16.33$17.5080.4%23.6%0.0%0.0%81.3%2.7%0.0%-22.9K6.5M-40.8K1.1654.92N/AN/A2,5012,90513,50611,695
2014-11-07$16.37$17.5080.2%22.9%0.0%0.0%79.2%-7.6%-7.0%-53.8K6.4M-45.7K1.1457.06N/AN/A1,5571,77914,68513,023
2014-11-10$16.57$17.5081.8%22.6%0.0%0.0%80.8%4.5%-2.1%-54.6K6.1M-45.8K2.2953.42N/AN/A4891,12215,10313,243
2014-11-11$17.38$17.5080.2%22.7%0.0%0.0%77.2%3.7%-1.1%-42.4K4.2M-45.6K1.2545.15N/AN/A1,7202,14215,13012,838
2014-11-12$17.26$17.5072.9%21.9%0.0%0.0%72.6%3.6%-1.4%-46.3K5.6M-48.2K1.6352.35N/AN/A1,2852,09116,08814,304
2014-11-13$16.78$17.5075.2%22.2%0.0%0.0%76.4%1.0%-3.2%-36.3K5.0M-47.8K2.1546.13N/AN/A9522,04616,43713,631
2014-11-14$17.75$17.5075.9%21.5%0.0%0.0%78.1%3.4%-3.1%-9.8K3.2M-46.9K0.2248.20N/AN/A1,93442916,72813,667
2014-11-17$17.54$17.5075.0%22.9%0.0%0.0%77.6%-0.8%1.6%125.4K1.9M-46.1K1.2748.21N/AN/A9031,14618,32913,545
2014-11-18$17.42$17.5073.9%23.0%0.0%0.0%76.1%3.5%2.4%187.7K2.3M-45.7K1.0242.41N/AN/A82384318,44313,541
2014-11-19$17.58$17.5071.1%23.3%0.0%0.0%81.0%11.4%3.4%179.0K2.3M-44.0K0.7857.52N/AN/A33025618,53213,565
2014-11-20$18.02$17.5072.9%22.8%0.0%0.0%78.7%7.3%-3.4%243.3K8.4K-43.4K1.3851.11N/AN/A1,1391,56717,84913,510
2014-11-21$18.03$17.5075.4%22.5%0.0%0.0%77.8%2.7%-0.7%255.3K-215.1K-43.6K0.5145.73N/AN/A2,7221,38017,86413,726
2014-11-24$19.00$17.5071.0%21.2%0.0%0.0%73.9%6.2%-2.4%144.6K-6.8M-46.2K0.5841.43N/AN/A62636313,5916,479
2014-11-25$19.50$17.5066.6%21.5%0.0%0.0%74.6%5.8%1.3%166.9K-8.4M-47.6K0.7743.42N/AN/A1,4911,15113,9286,532
2014-11-26$19.14$20.0061.6%20.7%0.0%0.0%75.0%1.4%5.1%178.5K-7.7M-49.8K1.0941.86N/AN/A88195614,6026,845
2014-11-28$19.16$20.0063.5%20.7%0.0%0.0%72.2%4.5%3.7%156.8K-6.6M-49.5K0.6253.33N/AN/A955914,6897,670