TRUE Options History — April 2016

In April 2016, TRUE traded between $5.20 and $6.84. ATM implied volatility averaged 92.7%. The 30-day expected move averaged 25.7%. Max pain ranged from $5.00 to $7.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.56.

Notable Days

  • 2016-04-29: Highest Volume — 3,470 contracts
  • 2016-04-11: Largest IV spike — 53.6% change
  • 2016-04-13: Largest Expected Move — 29.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.94$5.20$6.84$5.31$6.84
Max Pain$5.71$5.00$7.50$5.00$7.50
ATM IV92.7%78.5%141.9%79.0%97.2%
Expected Move25.7%22.5%29.6%22.6%27.9%
Term Structure-3.5%-18.1%48.9%12.8%-14.9%
VWIV88.3%72.3%99.7%79.0%97.2%
Skew 25d16.0%8.4%33.5%11.1%17.3%
Skew 10d43.3%14.3%74.1%51.7%32.9%
Call IV 25d75.4%55.1%88.0%80.5%75.6%
Put IV 25d91.4%84.1%101.6%91.6%92.9%
Bid-Ask Spread %45.8229.7074.6429.7068.28
Gamma HHI0.520.410.660.570.48
Net GEX3.3K-3.5K10.8K5.7K5.7K
Net DEX104.6K-332.7K359.3K333.4K-327.8K
Net VEX-3.1K-4.4K-2.3K-2.5K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.560.135.253.180.78
Total Volume876.0482243,4706353,470
Total OI4,561.1433,0125,2324,8534,432

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-04-01$5.31$5.0079.0%22.6%0.0%0.0%79.0%11.1%12.8%5.7K333.4K-2.5K3.1829.70N/AN/A1524832,4552,398
2016-04-04$5.26$5.0081.5%26.9%0.0%0.0%93.8%14.5%-9.0%6.8K359.3K-2.4K1.2135.96N/AN/A3984832,4812,398
2016-04-05$5.20$5.0085.7%26.5%0.0%0.0%92.9%14.9%-7.2%8.1K310.0K-2.5K0.6238.41N/AN/A7804852,7392,398
2016-04-06$5.29$5.00101.5%27.4%0.0%0.0%95.5%12.4%-12.4%5.7K325.6K-2.6K0.5938.96N/AN/A7784572,6302,398
2016-04-07$5.22$5.0095.5%27.5%0.0%0.0%95.8%13.6%-9.6%7.1K338.5K-2.6K0.5532.51N/AN/A8274572,6322,412
2016-04-08$5.28$5.0088.3%27.0%0.0%0.0%94.3%11.5%-10.8%10.8K290.6K-2.5K1.1137.06N/AN/A4434912,6822,412
2016-04-11$5.37$5.00135.5%27.3%0.0%0.0%95.2%8.7%-9.7%6.2K313.6K-2.3K1.1135.57N/AN/A4434912,6932,438
2016-04-12$5.47$5.00141.9%29.0%0.0%0.0%99.7%11.1%-16.0%5.0K267.5K-2.4K0.9637.74N/AN/A4334142,6932,438
2016-04-13$6.04$5.00103.2%29.6%0.0%0.0%91.7%27.2%-1.4%-3.3K118.2K-2.7K2.9838.82N/AN/A1614802,6982,440
2016-04-14$6.42$5.0079.8%22.9%0.0%0.0%82.9%14.1%-4.6%-3.2K30.4K-2.9K5.2545.06N/AN/A934882,6932,539
2016-04-15$6.26$5.0085.3%24.4%0.0%0.0%89.2%11.3%-6.3%-3.2K22.3K-2.9K4.3874.64N/AN/A1386052,6512,524
2016-04-18$6.32$5.0080.7%23.1%0.0%0.0%84.3%13.2%48.9%-3.5K128.3K-2.9K3.8336.27N/AN/A1104211,1811,831
2016-04-19$6.09$5.0083.7%24.0%0.0%0.0%87.6%8.4%20.3%-2.7K174.8K-2.7K0.6562.61N/AN/A6534221,2111,833
2016-04-20$6.41$5.0086.7%24.9%0.0%0.0%87.2%23.3%-14.0%-317-317-3.3K0.1364.11N/AN/A1,2671701,6911,833
2016-04-21$6.82$5.0086.4%24.8%0.0%0.0%86.4%33.5%-8.9%4.9K-332.7K-4.4K0.9541.85N/AN/A2822692,3691,835
2016-04-22$6.30$7.5086.3%24.7%0.0%0.0%86.0%20.4%-7.2%4.2K-101.4K-4.1K1.3247.81N/AN/A1552052,4271,924
2016-04-25$6.15$7.5098.1%28.1%0.0%0.0%72.3%10.8%-13.5%3.9K-29.7K-3.7K0.8751.38N/AN/A1221062,4201,923
2016-04-26$6.25$7.5081.3%23.3%0.0%0.0%84.9%20.8%21.2%3.4K-88.0K-4.0K0.9035.99N/AN/A1181062,4201,924
2016-04-27$6.21$7.5091.1%26.1%0.0%0.0%77.2%21.8%-18.1%3.8K79.0K-3.6K0.9059.41N/AN/A1181062,4201,924
2016-04-28$6.26$7.5078.5%22.5%0.0%0.0%81.8%16.1%-13.9%4.0K-14.4K-3.7K0.5049.99N/AN/A2111062,4201,924
2016-04-29$6.84$7.5097.2%27.9%0.0%0.0%97.2%17.3%-14.9%5.7K-327.8K-4.3K0.7868.28N/AN/A1,9481,5222,5081,924