TRUE Options History — May 2016

In May 2016, TRUE traded between $5.83 and $7.61. ATM implied volatility averaged 82.6%. The 30-day expected move averaged 22.7%. Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 4.17.

Notable Days

  • 2016-05-05: Highest Volume — 3,648 contracts
  • 2016-05-10: Largest IV spike — 30.4% change
  • 2016-05-03: Largest Expected Move — 33.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.64$5.83$7.61$6.39$7.61
Max Pain$5.36$5.00$7.50$7.50$5.00
ATM IV82.6%65.2%121.3%100.4%72.8%
Expected Move22.7%18.7%33.4%28.8%20.9%
Term Structure-4.0%-25.4%7.0%-22.4%-0.9%
VWIV82.3%70.7%105.9%99.4%81.5%
Skew 25d20.0%3.1%37.6%27.1%9.9%
Skew 10d35.6%16.7%54.8%47.5%25.0%
Call IV 25d65.1%52.2%82.5%69.6%72.4%
Put IV 25d85.1%66.9%96.7%96.7%82.3%
Bid-Ask Spread %50.0318.90111.3038.4924.64
Gamma HHI0.650.460.860.620.46
Net GEX9.1K7.1K12.5K10.5K11.0K
Net DEX-624.0K-1.5M42.6K-270.5K-1.5M
Net VEX-4.7K-5.0K-4.0K-4.7K-4.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.170.3210.093.480.63
Total Volume1,379.5712493,6481,962302
Total OI6,365.9055,2997,1035,7905,485

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-05-02$6.39$7.50100.4%28.8%0.0%0.0%99.4%27.1%-22.4%10.5K-270.5K-4.7K3.4838.49N/AN/A4381,5243,5662,224
2016-05-03$6.14$7.50116.5%33.4%0.0%0.0%79.8%4.9%2.0%11.2K42.6K-4.0K6.7943.99N/AN/A2241,5203,5502,238
2016-05-04$6.43$7.50100.2%28.7%0.0%0.0%91.5%37.6%-25.4%9.5K-317.1K-4.7K4.7839.64N/AN/A3181,5203,5512,244
2016-05-05$6.26$5.0089.6%25.8%0.0%0.0%103.2%30.6%-5.5%12.5K-205.8K-4.5K0.7788.31N/AN/A2,0581,5903,6592,244
2016-05-06$5.97$5.0093.4%24.3%0.0%0.0%83.8%5.1%-4.7%9.2K-134.9K-4.2K5.0736.10N/AN/A3121,5814,8412,252
2016-05-09$5.83$5.0093.0%24.2%0.0%0.0%83.4%7.4%-2.5%7.9K-60.6K-4.0K4.4325.15N/AN/A3571,5804,8512,252
2016-05-10$6.49$5.00121.3%19.4%0.0%0.0%71.5%22.6%-9.3%7.1K-507.5K-5.0K6.0396.61N/AN/A2621,5804,8032,256
2016-05-11$6.24$5.0090.1%25.8%0.0%0.0%84.0%12.7%-11.1%7.5K-378.0K-4.7K5.64111.30N/AN/A2801,5804,8052,256
2016-05-12$6.22$5.0083.7%24.0%0.0%0.0%77.8%7.4%1.6%8.0K-316.1K-4.6K4.6460.69N/AN/A2801,3004,8262,256
2016-05-13$6.31$5.0065.2%18.7%0.0%0.0%77.6%19.0%2.2%7.5K-458.3K-4.9K3.2639.01N/AN/A3991,3004,8262,256
2016-05-16$6.45$5.0065.8%18.9%0.0%0.0%80.2%28.1%7.0%7.5K-527.0K-4.9K6.5331.49N/AN/A1991,3004,8172,256
2016-05-17$6.62$5.0069.8%20.0%0.0%0.0%76.0%28.9%-7.1%8.0K-591.8K-4.9K8.90105.26N/AN/A1461,3004,8192,256
2016-05-18$6.72$5.0076.3%21.9%0.0%0.0%105.9%20.9%-9.1%7.9K-610.9K-4.9K10.0975.20N/AN/A1261,2714,8272,243
2016-05-19$6.68$5.0070.0%20.1%0.0%0.0%75.8%12.5%3.8%7.8K-640.2K-4.9K7.1187.22N/AN/A1741,2384,8262,243
2016-05-20$7.20$5.0071.9%20.6%0.0%0.0%77.4%33.3%-2.4%8.7K-860.7K-5.0K6.7034.24N/AN/A1851,2394,8562,238
2016-05-23$6.99$5.0075.5%21.6%0.0%0.0%75.7%3.1%-3.1%8.4K-1.1M-4.8K0.3225.00N/AN/A275883,5061,793
2016-05-24$7.11$5.0072.5%20.8%0.0%0.0%77.8%31.3%-0.7%9.7K-1.1M-5.0K0.6223.71N/AN/A154953,6011,793
2016-05-25$7.25$5.0070.8%20.3%0.0%0.0%70.7%28.5%1.2%9.9K-1.2M-4.9K0.5321.80N/AN/A183973,6121,808
2016-05-26$7.20$5.0071.0%20.4%0.0%0.0%80.2%19.5%-0.5%10.2K-1.2M-5.0K0.6118.90N/AN/A1831123,6551,812
2016-05-27$7.41$5.0065.5%18.8%0.0%0.0%76.0%28.7%3.8%11.3K-1.3M-4.9K0.5923.92N/AN/A1891123,6551,827
2016-05-31$7.61$5.0072.8%20.9%0.0%0.0%81.5%9.9%-0.9%11.0K-1.5M-4.7K0.6324.64N/AN/A1851173,6581,827