TRUE Options History — September 2015

In September 2015, TRUE traded between $5.04 and $6.43. ATM implied volatility averaged 88.4%. The 30-day expected move averaged 25.4%. Max pain ranged from $5.00 to $12.50. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.77.

Notable Days

  • 2015-09-25: Highest Volume — 1,122 contracts
  • 2015-09-02: Largest IV drop — 29.6% change
  • 2015-09-01: Largest Expected Move — 33.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.77$5.04$6.43$5.60$5.20
Max Pain$11.79$5.00$12.50$5.00$12.50
ATM IV88.4%68.6%115.6%115.6%92.9%
Expected Move25.4%19.7%33.2%33.2%26.6%
Term Structure8.0%-40.3%58.2%-40.3%3.4%
VWIV87.0%64.3%99.8%97.4%91.6%
Skew 25d13.0%-21.8%38.8%-21.8%38.8%
Skew 10d35.0%-8.8%60.7%22.8%60.6%
Call IV 25d87.0%65.5%178.7%116.4%73.0%
Put IV 25d100.0%87.5%173.6%94.6%111.8%
Bid-Ask Spread %23.089.1764.0964.0912.01
Gamma HHI0.400.320.480.480.39
Net GEX2.0K-2833.6K2.0K212
Net DEX949.8K789.7K1.1M911.5K1.1M
Net VEX-3.5K-4.3K-2.7K-3.8K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.381.800.561.37
Total Volume683.714611,122726743
Total OI8,327.2867,3148,7578,7508,333

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-09-01$5.60$5.00115.6%33.2%0.0%0.0%97.4%-21.8%-40.3%2.0K911.5K-3.8K0.5664.09N/AN/A4642625,2703,480
2015-09-02$5.99$5.0081.4%23.3%0.0%0.0%64.3%-5.1%35.8%1.4K789.7K-4.3K0.6218.82N/AN/A4552825,2773,480
2015-09-03$6.09$12.50104.1%26.2%0.0%0.0%91.1%4.9%10.0%3.6K851.1K-4.1K0.6427.10N/AN/A4192695,2483,450
2015-09-04$6.05$12.5088.0%25.7%0.0%0.0%90.9%5.5%15.7%3.4K873.5K-3.8K0.7162.52N/AN/A3982815,2743,432
2015-09-08$5.83$12.5080.8%27.3%0.0%0.0%93.1%5.7%6.0%1.8K813.6K-4.0K0.5213.51N/AN/A42225,2823,450
2015-09-09$5.84$12.5096.5%27.7%0.0%0.0%91.1%9.6%5.0%2.1K919.4K-3.5K0.4425.42N/AN/A5572445,2723,461
2015-09-10$6.00$12.5082.9%23.8%0.0%0.0%93.6%15.7%19.5%1.8K874.3K-3.9K0.4115.70N/AN/A5642315,2733,461
2015-09-11$5.89$12.5094.0%27.0%0.0%0.0%87.9%5.5%0.2%2.4K943.2K-3.5K0.3946.47N/AN/A5642225,2233,471
2015-09-14$5.75$12.5094.3%27.0%0.0%0.0%73.2%-12.9%4.0%772911.9K-3.0K0.3818.59N/AN/A5642175,2233,472
2015-09-15$6.00$12.5076.4%21.9%0.0%0.0%67.8%16.0%25.1%2.4K896.5K-3.7K0.5620.15N/AN/A39225,2233,474
2015-09-16$5.96$12.5078.0%22.4%0.0%0.0%89.4%10.5%22.9%2.2K986.1K-3.6K0.4519.09N/AN/A4862215,0793,492
2015-09-17$6.35$12.5075.9%21.8%0.0%0.0%92.4%26.3%3.0%2.4K971.4K-3.9K0.4618.37N/AN/A5182405,0893,492
2015-09-18$6.43$12.5077.2%22.1%0.0%0.0%82.9%26.7%-2.4%2.5K990.3K-4.0K0.5127.67N/AN/A4972545,0863,496
2015-09-21$6.10$12.5068.6%19.7%0.0%0.0%67.9%1.7%58.2%2.8K957.0K-3.8K0.5521.08N/AN/A3451914,2783,099
2015-09-22$5.64$12.5087.6%25.1%0.0%0.0%85.2%-1.9%5.3%2.4K1.0M-3.0K0.6618.71N/AN/A3452274,2953,125
2015-09-23$5.51$12.5086.8%24.9%0.0%0.0%86.1%19.8%2.6%2.3K1.0M-2.9K1.379.90N/AN/A2913984,3073,007
2015-09-24$5.53$12.5090.4%25.9%0.0%0.0%89.4%25.7%4.0%-2831.1M-2.9K1.379.17N/AN/A2914004,3103,349
2015-09-25$5.10$12.5084.8%24.3%0.0%0.0%94.4%31.4%1.5%-581.1M-2.7K0.5712.32N/AN/A7134094,3103,314
2015-09-28$5.31$12.50101.5%29.1%0.0%0.0%99.8%37.2%-6.5%2.7K998.6K-2.8K1.8013.48N/AN/A2985364,7453,314
2015-09-29$5.04$12.5098.4%28.2%0.0%0.0%98.4%33.4%-6.1%2.2K981.5K-2.8K1.7410.47N/AN/A3065314,7403,417
2015-09-30$5.20$12.5092.9%26.6%0.0%0.0%91.6%38.8%3.4%2121.1M-2.7K1.3712.01N/AN/A3144294,7463,587