TRUE Options History — April 2015

In April 2015, TRUE traded between $15.39 and $16.98. ATM implied volatility averaged 74.3%. The 30-day expected move averaged 21.2%. Max pain ranged from $15.00 to $20.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2015-04-16: Highest Volume — 7,987 contracts
  • 2015-04-02: Largest IV spike — 12.5% change
  • 2015-04-29: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.95$15.39$16.98$16.98$15.39
Max Pain$15.95$15.00$20.00$20.00$15.00
ATM IV74.3%61.6%85.0%61.6%83.7%
Expected Move21.2%17.7%24.4%17.7%24.0%
Term Structure-7.6%-18.1%2.5%2.5%-15.4%
VWIV74.9%65.3%86.1%65.3%85.7%
Skew 25d-1.1%-6.0%3.0%-6.0%-4.9%
Skew 10d-3.2%-17.4%5.6%-17.4%-3.9%
Call IV 25d76.3%66.3%89.0%66.3%89.0%
Put IV 25d75.2%60.2%85.3%60.2%84.1%
Bid-Ask Spread %52.7320.0583.4680.9653.40
Gamma HHI0.320.250.480.480.36
Net GEX179.5K-14.2K343.9K143.8K325.3K
Net DEX-2.5M-7.5M2.2M-1.6M-6.0M
Net VEX-31.4K-39.4K-22.4K-34.1K-37.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.120.920.870.92
Total Volume2,565.3332407,9871,716934
Total OI22,815.1915,51431,04122,48922,311

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$16.98$20.0061.6%17.7%0.0%0.0%65.3%-6.0%2.5%143.8K-1.6M-34.1K0.8780.96N/AN/A91680016,2826,207
2015-04-02$15.60$15.0069.3%19.3%0.0%0.0%67.9%2.0%-1.8%58.5K1.5M-28.6K0.4374.47N/AN/A4,1291,77716,3166,285
2015-04-06$16.05$17.5074.5%20.3%0.0%0.0%69.8%0.5%-7.3%147.8K118.6K-30.0K0.7575.84N/AN/A1,16487218,2626,681
2015-04-07$16.14$17.5072.2%20.0%0.0%0.0%70.8%3.0%-6.8%158.5K-59.6K-29.9K0.6728.95N/AN/A95863918,2316,718
2015-04-08$16.03$17.5067.8%19.4%0.0%0.0%69.1%-1.8%-2.1%101.2K1.7M-25.6K0.3346.54N/AN/A1815918,2396,722
2015-04-09$15.85$17.5070.2%20.1%0.0%0.0%72.5%0.5%-3.5%127.1K913.7K-27.4K0.6039.13N/AN/A84950818,2566,778
2015-04-10$16.06$17.5071.5%20.5%0.0%0.0%67.8%-2.1%-5.4%84.8K1.9M-25.3K0.2220.05N/AN/A2,09946218,2656,818
2015-04-13$16.42$15.0069.7%20.0%0.0%0.0%71.4%0.1%-4.3%211.2K-91.1K-26.9K0.4426.07N/AN/A93841519,3226,824
2015-04-14$15.97$15.0069.5%19.9%0.0%0.0%69.8%-5.4%-6.5%29.2K1.9M-23.7K0.6227.02N/AN/A1,04264619,3376,848
2015-04-15$15.74$17.5069.2%19.8%0.0%0.0%72.4%-0.9%-4.2%-14.2K2.2M-22.4K0.4438.18N/AN/A1,07346919,4056,869
2015-04-16$16.50$15.0076.5%21.9%0.0%0.0%76.7%2.3%-11.8%75.6K1.1M-24.2K0.4073.93N/AN/A5,7012,28619,5076,889
2015-04-17$16.38$15.0074.8%21.4%0.0%0.0%78.2%-1.8%-6.4%173.4K-2.2M-32.8K0.6665.59N/AN/A2,0571,36223,6707,371
2015-04-20$15.82$15.0076.0%21.8%0.0%0.0%76.2%-0.3%-7.5%202.8K-5.9M-32.7K0.6124.86N/AN/A1,50091212,3293,185
2015-04-21$16.01$15.0076.2%21.8%0.0%0.0%76.7%-0.0%-9.4%211.2K-6.2M-34.5K0.3262.24N/AN/A1,64652313,0313,375
2015-04-22$15.71$15.0077.1%22.1%0.0%0.0%78.2%1.5%-8.3%219.9K-6.1M-34.9K0.1948.27N/AN/A3,82671913,5483,501
2015-04-23$15.69$15.0076.4%21.9%0.0%0.0%76.7%-0.8%-8.4%291.7K-7.3M-39.4K0.5175.35N/AN/A1,02352616,1303,736
2015-04-24$15.65$15.0076.3%21.9%0.0%0.0%77.2%-5.0%-8.5%295.4K-7.3M-38.9K0.5183.46N/AN/A1,09656216,1353,767
2015-04-27$15.80$15.0079.7%22.9%0.0%0.0%79.5%0.8%-11.1%311.3K-7.5M-37.4K0.1231.51N/AN/A3,15939116,2363,786
2015-04-28$15.64$15.0083.0%23.8%0.0%0.0%86.1%-5.5%-15.4%271.5K-6.4M-35.9K0.1783.42N/AN/A3,74463215,6563,940
2015-04-29$15.59$15.0085.0%24.4%0.0%0.0%85.1%0.7%-18.1%343.9K-7.2M-38.8K0.9148.05N/AN/A67060718,2574,094
2015-04-30$15.39$15.0083.7%24.0%0.0%0.0%85.7%-4.9%-15.4%325.3K-6.0M-37.0K0.9253.40N/AN/A48644818,1554,156