TRUE Options History — June 2016

In June 2016, TRUE traded between $6.60 and $7.87. ATM implied volatility averaged 70.6%. The 30-day expected move averaged 20.3%. Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.96.

Notable Days

  • 2016-06-28: Highest Volume — 1,002 contracts
  • 2016-06-27: Largest IV spike — 30.4% change
  • 2016-06-16: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.27$6.60$7.87$7.19$7.83
Max Pain$7.39$5.00$7.50$5.00$7.50
ATM IV70.6%53.4%77.5%74.8%69.7%
Expected Move20.3%15.3%22.2%21.5%20.0%
Term Structure4.5%-5.2%21.5%-5.2%10.0%
VWIV74.8%65.9%97.9%96.1%69.8%
Skew 25d23.6%4.2%52.0%4.2%7.4%
Skew 10d43.6%7.0%94.5%8.3%10.3%
Call IV 25d66.6%55.1%108.7%75.7%62.2%
Put IV 25d90.3%61.1%139.3%79.9%69.6%
Bid-Ask Spread %59.2721.76116.2226.9846.92
Gamma HHI0.560.450.860.470.45
Net GEX8.5K-2.2K12.1K10.3K-1.1K
Net DEX-1.2M-2.3M-681.7K-1.2M-1.5M
Net VEX-4.2K-4.8K-2.1K-4.6K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.091.580.790.34
Total Volume397.4552411,002259320
Total OI5,652.5455,3525,8655,5315,478

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-06-01$7.19$5.0074.8%21.5%0.0%0.0%96.1%4.2%-5.2%10.3K-1.2M-4.6K0.7926.98N/AN/A1451143,6801,851
2016-06-02$7.26$7.5069.2%20.4%0.0%0.0%74.1%27.1%1.7%11.2K-1.2M-4.8K0.9045.82N/AN/A1271143,6781,854
2016-06-03$7.11$7.5064.5%20.9%0.0%0.0%66.6%23.5%-1.0%11.4K-1.1M-4.7K1.5847.92N/AN/A1322093,6861,854
2016-06-06$7.40$7.5076.5%20.6%0.0%0.0%69.9%33.5%1.8%11.4K-1.2M-4.8K1.1550.16N/AN/A1812093,6841,959
2016-06-07$7.36$7.5073.1%20.2%0.0%0.0%71.7%4.9%3.5%11.9K-1.3M-4.8K1.1558.63N/AN/A1812093,7231,959
2016-06-08$7.25$7.5070.2%20.1%0.0%0.0%66.9%29.0%1.8%12.1K-1.2M-4.7K1.4645.37N/AN/A1422083,7231,959
2016-06-09$7.05$7.5071.4%20.5%0.0%0.0%72.2%24.9%-0.0%11.5K-1.0M-4.6K1.4663.58N/AN/A1422083,7231,960
2016-06-10$6.62$7.5067.2%19.3%0.0%0.0%76.4%21.0%6.6%10.4K-758.6K-4.5K0.7333.80N/AN/A2511823,7231,960
2016-06-13$6.60$7.5070.6%20.3%0.0%0.0%75.6%32.3%-0.3%7.3K-681.7K-4.2K0.6397.80N/AN/A2891823,6981,963
2016-06-14$6.70$7.5075.6%21.7%0.0%0.0%75.9%29.5%0.8%7.3K-726.6K-4.3K0.6460.83N/AN/A2891853,7151,963
2016-06-15$6.97$7.5071.9%20.6%0.0%0.0%75.5%52.0%3.5%7.9K-858.1K-4.2K1.2084.78N/AN/A1391673,7151,963
2016-06-16$6.94$7.5077.5%22.2%0.0%0.0%75.7%28.5%-2.3%7.7K-843.9K-4.2K1.2136.25N/AN/A1371663,7141,968
2016-06-17$7.08$7.5076.8%22.0%0.0%0.0%97.9%34.1%-2.2%7.4K-946.4K-4.3K0.7935.66N/AN/A3312633,7241,969
2016-06-20$7.36$7.5067.3%19.3%0.0%0.0%70.8%33.2%9.8%8.7K-1.2M-4.3K1.2421.76N/AN/A1301613,6502,036
2016-06-21$7.42$7.5071.7%20.5%0.0%0.0%80.7%13.3%7.4%9.1K-1.2M-4.2K1.3297.74N/AN/A1301713,6112,036
2016-06-22$7.39$7.5068.5%19.6%0.0%0.0%65.9%12.7%6.0%8.5K-1.2M-4.2K1.5861.12N/AN/A1181863,6112,036
2016-06-23$7.85$7.5067.8%19.4%0.0%0.0%67.2%45.9%7.0%7.9K-1.6M-3.9K1.1168.25N/AN/A1671853,6292,052
2016-06-24$7.84$7.5053.4%15.3%0.0%0.0%0.0%30.6%21.5%6.9K-2.3M-2.1K0.77116.22N/AN/A2411853,7072,061
2016-06-27$7.31$7.5069.6%20.0%0.0%0.0%75.7%10.2%10.8%10.0K-1.2M-4.1K0.7641.07N/AN/A2451853,8042,061
2016-06-28$7.48$7.5077.2%22.1%0.0%0.0%77.3%13.9%7.2%10.4K-1.3M-3.9K0.0995.60N/AN/A920823,7992,065
2016-06-29$7.87$7.5068.9%19.7%0.0%0.0%69.1%8.2%11.3%-2.2K-1.5M-3.5K0.2567.71N/AN/A334823,2872,065
2016-06-30$7.83$7.5069.7%20.0%0.0%0.0%69.8%7.4%10.0%-1.1K-1.5M-3.6K0.3446.92N/AN/A238823,4132,065