TRUE Options History — November 2015

In November 2015, TRUE traded between $5.84 and $9.03. ATM implied volatility averaged 88.1%. The 30-day expected move averaged 24.1%. Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.28.

Notable Days

  • 2015-11-24: Highest Volume — 6,305 contracts
  • 2015-11-05: Largest IV spike — 66.7% change
  • 2015-11-02: Largest Expected Move — 31.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.41$5.84$9.03$5.84$8.03
Max Pain$7.00$5.00$7.50$5.00$7.50
ATM IV88.1%76.2%150.0%111.4%82.8%
Expected Move24.1%21.8%31.9%31.9%23.7%
Term Structure-3.4%-22.0%7.2%-22.0%-2.0%
VWIV84.8%61.3%131.0%110.5%80.8%
Skew 25d6.7%-9.8%28.5%2.3%-7.1%
Skew 10d20.3%-19.6%52.6%12.2%-19.6%
Call IV 25d77.7%65.5%84.2%84.2%79.0%
Put IV 25d84.4%67.3%94.0%86.5%72.0%
Bid-Ask Spread %44.3521.9369.6641.2940.79
Gamma HHI0.440.320.560.520.53
Net GEX12.3K1.0K47.4K3.0K12.7K
Net DEX20.0K-2.3M1.3M450.0K1.3M
Net VEX-7.2K-19.7K-2.2K-2.2K-16.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.037.077.070.05
Total Volume1,764.65186,3052,139518
Total OI10,009.25,57615,7585,57615,758

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-11-02$5.84$5.00111.4%31.9%0.0%0.0%110.5%2.3%-22.0%3.0K450.0K-2.2K7.0741.29N/AN/A2651,8742,8962,680
2015-11-03$6.44$5.0080.6%23.1%0.0%0.0%131.0%25.3%-15.3%2.3K380.4K-3.6K5.1237.14N/AN/A3081,5772,8973,294
2015-11-04$6.61$5.0090.0%25.8%0.0%0.0%91.3%11.2%-9.5%4.7K235.8K-3.8K0.4125.89N/AN/A7092903,0423,294
2015-11-05$6.16$5.00150.0%30.0%0.0%0.0%89.1%8.8%7.2%3.2K258.9K-3.6K1.1453.64N/AN/A1,4791,6873,4373,307
2015-11-06$8.43$7.50106.9%24.2%0.0%0.0%79.0%9.4%-7.1%13.2K-1.8M-5.5K0.1558.03N/AN/A1,6582414,7564,781
2015-11-09$8.12$7.5090.2%23.6%0.0%0.0%82.3%-5.0%-4.6%6.7K-939.7K-6.3K0.1721.93N/AN/A1,0771884,5394,819
2015-11-10$7.46$7.5085.9%23.5%0.0%0.0%79.1%-9.8%-4.5%5.8K-14.1K-6.3K0.3654.35N/AN/A1,0043624,8994,947
2015-11-11$7.40$7.5076.2%21.8%0.0%0.0%77.7%5.5%2.2%7.7K35.0K-6.3K0.3669.66N/AN/A1,0043605,1674,947
2015-11-12$6.58$7.5081.7%23.4%0.0%0.0%93.9%9.6%4.0%2.7K592.8K-5.4K1.0240.54N/AN/A6456605,1074,943
2015-11-13$6.75$7.5083.2%23.9%0.0%0.0%81.2%28.5%-0.0%1.5K665.5K-5.6K1.1447.38N/AN/A5576375,1835,312
2015-11-16$7.04$7.5079.5%22.8%0.0%0.0%100.4%14.2%-0.6%1.0K671.8K-5.1K0.0348.59N/AN/A870285,2115,322
2015-11-17$7.11$7.5081.7%23.4%0.0%0.0%62.7%11.5%-3.4%6.5K388.0K-5.6K1.2254.87N/AN/A1,3311,6285,8325,335
2015-11-18$7.01$7.5082.9%23.8%0.0%0.0%61.3%1.3%-4.4%15.8K450.2K-4.8K0.1731.17N/AN/A1,3812365,8324,574
2015-11-19$7.60$7.5080.9%23.2%0.0%0.0%78.2%7.7%-0.1%42.6K-559.0K-5.8K0.4051.14N/AN/A7362975,7674,570
2015-11-20$7.39$7.5082.0%23.5%0.0%0.0%83.1%3.5%-4.7%20.9K298.9K-5.1K0.5640.86N/AN/A8894945,5764,520
2015-11-23$7.91$7.5078.8%22.6%0.0%0.0%77.9%8.9%-1.2%24.3K-251.3K-5.7K0.0744.39N/AN/A1,5861075,1432,708
2015-11-24$9.03$7.5080.1%23.0%0.0%0.0%76.2%0.6%-7.9%47.4K-2.3M-8.9K4.0953.12N/AN/A1,2385,0676,5512,763
2015-11-25$8.77$7.5076.5%21.9%0.0%0.0%74.6%2.5%2.5%10.0K155.0K-19.7K0.9844.32N/AN/A8668467,0077,808
2015-11-27$8.49$7.5079.7%22.9%0.0%0.0%84.5%4.6%3.1%14.5K357.1K-18.4K0.9927.89N/AN/A2982947,2648,396
2015-11-30$8.03$7.5082.8%23.7%0.0%0.0%80.8%-7.1%-2.0%12.7K1.3M-16.2K0.0540.79N/AN/A492267,2548,504