TRUE Options History — February 2015

Name: TRUE Options Analytics - February 2015
Creator: Options Analysis Suite

In February 2015, TRUE traded between $16.91 and $20.77. ATM implied volatility averaged 72.1%. The 30-day expected move averaged 20.1%. Max pain ranged from $17.50 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.44.

Notable Days

2015-02-19: Highest Volume — 10,471 contracts
2015-02-20: Largest IV drop — 17.8% change
2015-02-02: Largest Expected Move — 22.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.99	$16.91	$20.77	$18.39	$19.91
Max Pain	$18.68	$17.50	$20.00	$17.50	$20.00
ATM IV	72.1%	60.0%	84.7%	79.9%	60.0%
Expected Move	20.1%	17.2%	22.9%	22.9%	17.2%
Term Structure	-1.9%	-7.4%	1.6%	-7.1%	-1.1%
VWIV	71.1%	58.7%	79.4%	78.1%	58.7%
Skew 25d	1.1%	-3.4%	5.5%	4.9%	1.9%
Skew 10d	5.1%	-15.5%	25.6%	2.7%	-1.0%
Call IV 25d	71.0%	59.6%	79.6%	77.8%	59.6%
Put IV 25d	72.0%	61.5%	83.0%	82.7%	61.5%
Bid-Ask Spread %	45.04	14.33	72.93	31.23	19.52
Gamma HHI	0.32	0.26	0.36	0.32	0.31
Net GEX	307.1K	134.6K	541.9K	259.4K	298.5K
Net DEX	-8.2M	-16.6M	-849.8K	-7.4M	-9.6M
Net VEX	-55.6K	-61.8K	-44.5K	-55.7K	-59.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.19	0.65	0.26	0.53
Total Volume	2,252.526	339	10,471	339	2,461
Total OI	22,936.368	21,139	31,068	21,139	23,760

Daily Data (19 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
2015-02-02	$18.39	$17.50	79.9%	22.9%	0.0%	0.0%	78.1%	4.9%	-7.1%	259.4K	-7.4M	-55.7K	0.26	31.23	N/A	N/A	269	70	17,440	3,699
2015-02-03	$19.27	$17.50	76.7%	22.0%	0.0%	0.0%	77.0%	-0.9%	-4.4%	310.8K	-9.6M	-59.7K	0.36	49.06	N/A	N/A	1,278	457	17,510	3,722
2015-02-04	$18.86	$17.50	76.0%	21.8%	0.0%	0.0%	77.0%	0.6%	-1.5%	305.2K	-9.2M	-60.4K	0.41	33.61	N/A	N/A	1,068	440	17,953	3,949
2015-02-05	$19.91	$17.50	76.5%	20.1%	0.0%	0.0%	71.9%	5.5%	1.6%	368.5K	-11.1M	-61.8K	0.54	67.44	N/A	N/A	625	338	17,951	3,954
2015-02-06	$19.25	$17.50	76.7%	20.5%	0.0%	0.0%	71.8%	-1.4%	-2.2%	329.4K	-9.9M	-60.3K	0.61	31.36	N/A	N/A	507	310	18,051	4,008
2015-02-09	$18.79	$17.50	84.7%	20.2%	0.0%	0.0%	74.6%	-0.5%	-0.3%	305.6K	-8.2M	-56.0K	0.53	46.47	N/A	N/A	610	323	18,045	4,010
2015-02-10	$18.38	$17.50	83.5%	20.6%	0.0%	0.0%	75.0%	1.0%	-1.5%	276.7K	-7.1M	-53.2K	0.41	59.06	N/A	N/A	847	345	18,103	4,067
2015-02-11	$19.49	$17.50	69.4%	19.9%	0.0%	0.0%	73.3%	2.5%	-1.2%	370.5K	-10.3M	-58.1K	0.35	34.96	N/A	N/A	889	309	18,245	4,123
2015-02-12	$19.50	$17.50	71.2%	20.4%	0.0%	0.0%	71.4%	3.2%	-1.9%	359.8K	-9.9M	-56.5K	0.65	57.82	N/A	N/A	685	444	18,206	4,144
2015-02-13	$19.60	$17.50	70.3%	20.2%	0.0%	0.0%	69.6%	2.3%	-1.3%	371.1K	-10.0M	-57.2K	0.43	69.12	N/A	N/A	936	405	18,311	4,192
2015-02-17	$19.61	$20.00	71.6%	20.5%	0.0%	0.0%	72.1%	-3.3%	-0.5%	406.7K	-10.6M	-55.1K	0.36	49.24	N/A	N/A	1,187	430	18,629	4,193
2015-02-18	$19.52	$20.00	79.3%	22.7%	0.0%	0.0%	79.4%	2.3%	-6.0%	394.8K	-10.3M	-54.3K	0.19	39.04	N/A	N/A	2,566	493	18,721	4,310
2015-02-19	$20.77	$20.00	78.4%	22.5%	0.0%	0.0%	78.7%	3.4%	-7.4%	541.9K	-16.6M	-59.6K	0.31	72.93	N/A	N/A	7,978	2,493	19,712	4,560
2015-02-20	$17.95	$20.00	64.5%	18.5%	0.0%	0.0%	66.2%	-3.4%	1.1%	193.0K	-3.5M	-50.6K	0.51	54.30	N/A	N/A	3,244	1,664	24,524	6,544
2015-02-23	$17.37	$20.00	65.1%	18.7%	0.0%	0.0%	65.4%	0.2%	-2.2%	153.9K	-1.6M	-45.9K	0.57	59.76	N/A	N/A	1,203	684	16,064	5,553
2015-02-24	$16.91	$20.00	63.0%	18.1%	0.0%	0.0%	64.4%	-0.4%	0.8%	134.6K	-849.8K	-44.5K	0.43	14.33	N/A	N/A	1,801	775	16,341	5,905
2015-02-25	$18.00	$20.00	61.9%	17.7%	0.0%	0.0%	63.7%	1.1%	-2.0%	197.7K	-3.3M	-51.7K	0.27	21.27	N/A	N/A	2,089	573	17,142	6,379
2015-02-26	$19.30	$20.00	61.4%	17.6%	0.0%	0.0%	62.4%	1.2%	0.7%	256.6K	-7.2M	-56.9K	0.60	45.13	N/A	N/A	1,254	748	17,167	6,604
2015-02-27	$19.91	$20.00	60.0%	17.2%	0.0%	0.0%	58.7%	1.9%	-1.1%	298.5K	-9.6M	-59.2K	0.53	19.52	N/A	N/A	1,604	857	17,137	6,623