TRUE Options History — July 2017

In July 2017, TRUE traded between $18.72 and $21.59. ATM implied volatility averaged 49.5%. The 30-day expected move averaged 14.9%. Max pain ranged from $12.50 to $20.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.43.

Notable Days

  • 2017-07-17: Highest Volume — 6,817 contracts
  • 2017-07-12: Largest IV spike — 34.9% change
  • 2017-07-31: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.35$18.72$21.59$19.93$18.81
Max Pain$18.75$12.50$20.00$12.50$20.00
ATM IV49.5%36.0%62.5%37.2%62.5%
Expected Move14.9%10.7%17.9%10.7%17.9%
Term Structure-5.2%-10.2%11.8%10.7%-10.2%
VWIV53.1%40.8%62.4%40.8%62.4%
Skew 25d5.1%2.0%7.6%4.3%7.1%
Skew 10d18.8%10.2%33.3%21.0%27.9%
Call IV 25d50.1%34.9%61.1%34.9%61.1%
Put IV 25d55.2%39.1%68.2%39.1%68.2%
Bid-Ask Spread %29.6815.8143.3243.3222.59
Gamma HHI0.220.160.320.160.24
Net GEX51.6K-169.1K169.3K105.0K-79.9K
Net DEX-15.3M-24.4M3.2M-19.1M669.9K
Net VEX-49.1K-53.5K-43.5K-52.7K-46.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.324.942.030.32
Total Volume2,239.758146,8171,9412,295
Total OI25,103.6520,85932,73525,01920,859

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-07-03$19.93$12.5037.2%10.7%0.0%0.0%40.8%4.3%10.7%105.0K-19.1M-52.7K2.0343.32N/AN/A6401,30115,1469,873
2017-07-05$20.11$12.5037.2%10.7%0.0%0.0%43.3%5.1%11.8%108.8K-19.5M-52.4K2.2818.51N/AN/A5451,24315,1739,906
2017-07-06$19.93$18.0037.8%13.9%0.0%0.0%51.3%4.7%-3.4%110.1K-18.9M-52.3K2.0439.36N/AN/A5031,02815,2219,973
2017-07-07$20.39$18.0037.7%14.1%0.0%0.0%52.2%4.5%-4.9%117.4K-20.4M-51.1K0.7535.57N/AN/A51238415,2289,975
2017-07-10$20.72$18.0036.0%14.1%0.0%0.0%49.8%5.0%-5.0%112.2K-22.0M-47.6K0.9131.89N/AN/A49745215,2369,983
2017-07-11$20.95$19.0036.9%14.1%0.0%0.0%49.3%5.1%-5.5%115.6K-22.6M-48.2K0.7429.85N/AN/A53839815,2379,973
2017-07-12$21.25$19.0049.8%14.3%0.0%0.0%52.5%4.7%-5.1%121.3K-23.4M-46.8K0.6929.96N/AN/A58640515,1349,995
2017-07-13$21.39$19.0049.5%14.2%0.0%0.0%50.8%4.0%-4.5%119.8K-23.9M-46.4K0.8931.01N/AN/A43138315,1389,995
2017-07-14$21.59$19.0049.8%14.3%0.0%0.0%51.0%4.6%-5.9%117.3K-24.4M-45.3K4.9426.75N/AN/A6933,42415,1339,991
2017-07-17$21.03$20.0052.4%15.0%0.0%0.0%53.0%5.1%-6.7%169.3K-24.1M-43.5K2.2730.54N/AN/A2,0824,73516,7169,381
2017-07-18$21.13$20.0052.1%14.9%0.0%0.0%54.5%5.6%-7.0%132.4K-23.6M-48.0K2.8028.75N/AN/A6221,74017,94410,725
2017-07-19$21.24$20.0053.6%15.4%0.0%0.0%55.7%4.6%-7.7%100.9K-24.1M-47.6K2.5326.90N/AN/A6851,73517,90110,727
2017-07-20$20.46$20.0054.9%15.7%0.0%0.0%53.5%5.1%-9.7%132.1K-20.6M-47.5K0.9129.15N/AN/A2,6262,39818,00210,710
2017-07-21$19.93$20.0055.5%15.9%0.0%0.0%56.2%4.3%-9.7%1.2K-16.2M-52.9K0.4828.48N/AN/A86441719,99912,736
2017-07-24$19.99$20.0057.5%16.5%0.0%0.0%59.1%7.6%-8.9%-80.1K-1.6M-52.1K0.6125.56N/AN/A63839210,99110,727
2017-07-25$20.84$20.0055.4%15.9%0.0%0.0%57.3%6.4%-7.6%2.9K-4.8M-52.2K0.5429.35N/AN/A1,55684111,29910,682
2017-07-26$19.68$20.0057.6%16.5%0.0%0.0%57.2%2.0%-8.2%-85.2K-966.8K-53.5K0.3439.47N/AN/A2,64889112,28111,199
2017-07-27$18.72$20.0057.0%16.3%0.0%0.0%55.7%5.9%-7.4%-169.1K3.2M-48.5K1.9530.71N/AN/A7101,38310,59911,278
2017-07-28$18.95$20.0059.2%17.0%0.0%0.0%57.3%5.7%-9.0%-120.1K1.1M-48.0K0.4915.81N/AN/A1,05352110,62210,385
2017-07-31$18.81$20.0062.5%17.9%0.0%0.0%62.4%7.1%-10.2%-79.9K669.9K-46.0K0.3222.59N/AN/A1,74255311,0849,775