TRUE Options History — February 2016

Name: TRUE Options Analytics - February 2016
Creator: Options Analysis Suite

In February 2016, TRUE traded between $4.71 and $6.33. ATM implied volatility averaged 106.8%. The 30-day expected move averaged 29.0%. Max pain ranged from $5.00 to $7.50. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.61.

Notable Days

2016-02-19: Highest Volume — 2,690 contracts
2016-02-10: Largest IV drop — 28.9% change
2016-02-17: Largest Expected Move — 33.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.42	$4.71	$6.33	$6.33	$5.44
Max Pain	$6.63	$5.00	$7.50	$7.50	$5.00
ATM IV	106.8%	88.4%	150.4%	100.9%	98.2%
Expected Move	29.0%	25.3%	33.8%	28.9%	28.1%
Term Structure	-7.5%	-36.1%	10.8%	-17.4%	-9.2%
VWIV	94.9%	64.4%	109.7%	106.6%	98.3%
Skew 25d	10.3%	-42.1%	34.4%	15.3%	26.6%
Skew 10d	25.3%	-42.1%	77.1%	58.8%	77.1%
Call IV 25d	93.9%	66.3%	138.8%	92.6%	86.6%
Put IV 25d	104.2%	64.2%	158.6%	107.9%	113.2%
Bid-Ask Spread %	44.15	19.50	93.46	49.59	93.46
Gamma HHI	0.52	0.35	0.69	0.62	0.60
Net GEX	2.5K	-671	6.6K	4.8K	6.6K
Net DEX	233.1K	-147.1K	414.6K	145.6K	-147.1K
Net VEX	-1.3K	-2.0K	-775	-2.0K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.16	1.31	0.92	0.66
Total Volume	755	415	2,690	529	504
Total OI	3,425.75	2,879	4,406	3,323	3,939

Daily Data (20 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
2016-02-01	$6.33	$7.50	100.9%	28.9%	0.0%	0.0%	106.6%	15.3%	-17.4%	4.8K	145.6K	-2.0K	0.92	49.59	N/A	N/A	275	254	1,920	1,403
2016-02-02	$6.07	$7.50	88.4%	25.3%	0.0%	0.0%	64.4%	-42.1%	-36.1%	1.6K	374.6K	-1.3K	0.89	67.74	N/A	N/A	284	253	1,925	1,403
2016-02-03	$5.75	$7.50	100.5%	28.8%	0.0%	0.0%	0.0%	19.8%	5.3%	1.2K	384.3K	-1.1K	0.51	34.37	N/A	N/A	275	140	1,928	1,408
2016-02-04	$5.99	$7.50	102.0%	27.0%	0.0%	0.0%	72.9%	21.3%	-5.5%	1.7K	372.0K	-1.3K	0.50	37.89	N/A	N/A	281	140	1,946	1,425
2016-02-05	$5.51	$7.50	126.3%	27.1%	0.0%	0.0%	87.7%	15.9%	3.1%	457	414.6K	-909	0.16	39.82	N/A	N/A	867	136	1,953	1,425
2016-02-08	$5.21	$7.50	150.4%	33.2%	0.0%	0.0%	100.5%	-3.6%	-18.5%	-671	412.3K	-888	0.23	46.07	N/A	N/A	866	201	1,477	1,425
2016-02-09	$5.10	$7.50	142.5%	30.0%	0.0%	0.0%	100.6%	8.4%	-7.6%	-668	414.5K	-837	0.55	64.09	N/A	N/A	372	204	1,500	1,379
2016-02-10	$5.12	$7.50	101.2%	29.0%	0.0%	0.0%	96.5%	-1.9%	-9.6%	-224	406.7K	-867	0.54	38.77	N/A	N/A	368	198	1,599	1,382
2016-02-11	$5.39	$7.50	108.4%	31.1%	0.0%	0.0%	97.9%	4.1%	-10.0%	1.0K	360.4K	-937	0.65	42.84	N/A	N/A	303	198	1,598	1,380
2016-02-12	$5.53	$7.50	106.5%	30.5%	0.0%	0.0%	100.3%	18.2%	-10.3%	61	377.1K	-1.0K	0.65	33.65	N/A	N/A	328	212	1,650	1,380
2016-02-16	$5.79	$7.50	116.9%	33.5%	0.0%	0.0%	95.5%	16.9%	-9.0%	2.3K	334.6K	-1.1K	0.59	61.99	N/A	N/A	358	210	1,752	1,377
2016-02-17	$5.91	$7.50	117.8%	33.8%	0.0%	0.0%	109.7%	20.7%	-9.5%	2.7K	305.2K	-1.3K	1.31	32.52	N/A	N/A	273	358	1,802	1,385
2016-02-18	$5.83	$7.50	117.1%	33.6%	0.0%	0.0%	105.9%	16.9%	-11.8%	2.8K	250.6K	-1.3K	0.43	53.26	N/A	N/A	1,109	472	1,930	1,303
2016-02-19	$5.01	$5.00	94.4%	27.1%	0.0%	0.0%	101.2%	-4.3%	10.8%	1.1K	345.4K	-775	0.41	69.79	N/A	N/A	1,910	780	2,816	1,590
2016-02-22	$4.76	$5.00	94.1%	27.0%	0.0%	0.0%	94.1%	-4.5%	-1.4%	4.2K	-10.3K	-1.7K	0.44	26.80	N/A	N/A	391	173	2,577	1,114
2016-02-23	$4.71	$5.00	95.8%	27.5%	0.0%	0.0%	96.4%	23.2%	-3.9%	4.6K	-7.4K	-1.7K	0.47	20.62	N/A	N/A	400	189	2,684	1,136
2016-02-24	$4.82	$5.00	89.6%	25.7%	0.0%	0.0%	91.1%	-5.7%	-0.3%	4.6K	18.2K	-1.7K	0.84	25.96	N/A	N/A	338	285	2,694	1,149
2016-02-25	$4.87	$5.00	92.5%	26.5%	0.0%	0.0%	92.7%	27.0%	-3.6%	4.9K	-8.0K	-1.7K	0.78	19.50	N/A	N/A	365	285	2,715	1,149
2016-02-26	$5.26	$5.00	91.6%	26.3%	0.0%	0.0%	92.0%	34.4%	-5.8%	6.0K	-80.8K	-1.7K	0.64	24.30	N/A	N/A	332	213	2,748	1,149
2016-02-29	$5.44	$5.00	98.2%	28.1%	0.0%	0.0%	98.3%	26.6%	-9.2%	6.6K	-147.1K	-1.8K	0.66	93.46	N/A	N/A	304	200	2,777	1,162