TRUE Options History — July 2016

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

In July 2016, TRUE traded between $7.90 and $9.43. ATM implied volatility averaged 79.2%. The 30-day expected move averaged 22.9%. Max pain ranged from $7.50 to $7.50. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.98.

Notable Days

2016-07-29: Highest Volume — 2,151 contracts
2016-07-08: Largest IV spike — 49.5% change
2016-07-15: Largest Expected Move — 24.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.73	$7.90	$9.43	$7.97	$9.39
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	79.2%	59.9%	91.1%	70.2%	83.6%
Expected Move	22.9%	20.1%	24.6%	20.1%	24.0%
Term Structure	-6.9%	-14.1%	12.4%	12.4%	-10.6%
VWIV	80.1%	69.7%	86.5%	69.7%	83.7%
Skew 25d	10.5%	-2.9%	34.4%	13.7%	4.1%
Skew 10d	20.0%	-4.7%	50.4%	17.8%	39.3%
Call IV 25d	69.1%	53.9%	80.0%	56.9%	74.9%
Put IV 25d	79.6%	70.6%	96.7%	70.6%	79.0%
Bid-Ask Spread %	68.21	41.54	119.22	70.55	45.30
Gamma HHI	0.43	0.32	0.57	0.46	0.57
Net GEX	4.7K	-1.7K	13.5K	-1.7K	13.5K
Net DEX	-1.7M	-2.3M	-1.1M	-1.7M	-1.9M
Net VEX	-3.1K	-3.9K	-2.3K	-3.5K	-3.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.19	4.38	0.70	0.42
Total Volume	526.15	195	2,151	201	2,151
Total OI	4,752.45	3,431	6,273	5,481	4,235

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
2016-07-01	$7.97	$7.50	70.2%	20.1%	0.0%	0.0%	69.7%	13.7%	12.4%	-1.7K	-1.7M	-3.5K	0.70	70.55	N/A	N/A	118	83	3,416	2,065
2016-07-05	$7.90	$7.50	83.9%	23.6%	0.0%	0.0%	81.9%	7.4%	-6.8%	3.8K	-2.1M	-2.4K	0.73	83.59	N/A	N/A	114	83	3,412	2,068
2016-07-06	$7.92	$7.50	78.6%	23.1%	0.0%	0.0%	78.5%	-2.9%	-3.3%	-1.5K	-1.7M	-3.2K	0.74	68.90	N/A	N/A	112	83	3,413	2,068
2016-07-07	$8.07	$7.50	60.9%	22.5%	0.0%	0.0%	77.0%	2.5%	-8.0%	8.7K	-2.1M	-2.3K	1.03	62.17	N/A	N/A	112	115	3,336	2,068
2016-07-08	$8.72	$7.50	91.1%	23.6%	0.0%	0.0%	80.0%	14.2%	-7.0%	3.2K	-2.2M	-2.7K	1.30	64.17	N/A	N/A	221	288	3,336	2,078
2016-07-11	$8.92	$7.50	83.5%	21.5%	0.0%	0.0%	80.5%	7.7%	-4.8%	5.6K	-2.3M	-2.5K	4.38	41.54	N/A	N/A	146	639	3,333	2,246
2016-07-12	$9.09	$7.50	59.9%	21.4%	0.0%	0.0%	85.3%	9.9%	-6.4%	1.8K	-2.2M	-3.2K	2.51	61.64	N/A	N/A	272	683	3,368	2,806
2016-07-13	$8.61	$7.50	83.1%	23.8%	0.0%	0.0%	84.8%	9.5%	-10.5%	1.7K	-2.0M	-3.3K	3.15	80.21	N/A	N/A	220	694	3,372	2,831
2016-07-14	$8.58	$7.50	84.5%	24.2%	0.0%	0.0%	76.4%	5.3%	-14.1%	2.0K	-2.0M	-3.3K	0.46	76.59	N/A	N/A	284	130	3,375	2,833
2016-07-15	$8.40	$7.50	85.7%	24.6%	0.0%	0.0%	81.2%	8.8%	-10.0%	2.4K	-1.9M	-3.3K	0.46	78.24	N/A	N/A	293	135	3,455	2,818
2016-07-18	$8.67	$7.50	82.4%	23.6%	0.0%	0.0%	82.2%	6.7%	-5.0%	3.8K	-1.1M	-3.2K	0.71	44.61	N/A	N/A	129	91	2,226	1,205
2016-07-19	$8.63	$7.50	83.4%	23.9%	0.0%	0.0%	84.0%	1.7%	-7.5%	3.3K	-1.2M	-3.3K	0.69	62.54	N/A	N/A	132	91	2,265	1,222
2016-07-20	$8.82	$7.50	74.9%	21.5%	0.0%	0.0%	75.9%	16.8%	-3.3%	3.8K	-1.2M	-3.3K	0.43	49.90	N/A	N/A	212	91	2,265	1,224
2016-07-21	$8.88	$7.50	77.3%	22.1%	0.0%	0.0%	82.9%	21.5%	-3.1%	4.5K	-1.3M	-3.4K	0.54	69.06	N/A	N/A	167	90	2,345	1,224
2016-07-22	$8.99	$7.50	77.2%	22.1%	0.0%	0.0%	81.5%	13.5%	-6.6%	5.6K	-1.3M	-3.1K	0.47	75.89	N/A	N/A	190	90	2,385	1,225
2016-07-25	$9.28	$7.50	81.0%	23.2%	0.0%	0.0%	79.2%	15.1%	-10.1%	5.4K	-1.5M	-3.1K	0.33	119.22	N/A	N/A	275	90	2,407	1,225
2016-07-26	$9.43	$7.50	75.8%	21.7%	0.0%	0.0%	73.2%	34.4%	-5.1%	6.2K	-1.6M	-2.6K	0.19	61.08	N/A	N/A	489	92	2,444	1,225
2016-07-27	$9.23	$7.50	84.3%	24.2%	0.0%	0.0%	86.5%	12.3%	-14.1%	10.5K	-1.6M	-3.4K	0.20	81.29	N/A	N/A	547	111	2,771	1,230
2016-07-28	$9.15	$7.50	83.0%	23.8%	0.0%	0.0%	78.7%	7.5%	-13.9%	12.2K	-1.6M	-3.9K	0.20	67.75	N/A	N/A	549	111	2,977	1,252
2016-07-29	$9.39	$7.50	83.6%	24.0%	0.0%	0.0%	83.7%	4.1%	-10.6%	13.5K	-1.9M	-3.2K	0.42	45.30	N/A	N/A	1,517	634	2,983	1,252