TRUE Options History — February 2018

Name: TRUE Options Analytics - February 2018
Creator: Options Analysis Suite

In February 2018, TRUE traded between $10.97 and $11.90. ATM implied volatility averaged 67.1%. The 30-day expected move averaged 17.2%. Max pain ranged from $11.00 to $13.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.99.

Notable Days

2018-02-15: Highest Volume — 19,024 contracts
2018-02-16: Largest IV drop — 57.0% change
2018-02-15: Largest Expected Move — 27.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.26	$10.97	$11.90	$11.74	$11.08
Max Pain	$12.16	$11.00	$13.00	$13.00	$11.00
ATM IV	67.1%	38.5%	111.4%	94.7%	40.6%
Expected Move	17.2%	11.0%	27.0%	18.7%	11.6%
Term Structure	-6.5%	-22.2%	3.4%	-6.7%	0.7%
VWIV	59.4%	37.8%	92.9%	61.0%	40.5%
Skew 25d	6.1%	1.5%	11.8%	5.3%	1.8%
Skew 10d	20.0%	-9.0%	42.6%	34.7%	34.3%
Call IV 25d	58.2%	34.0%	87.5%	62.7%	41.7%
Put IV 25d	64.4%	40.1%	93.2%	68.0%	43.5%
Bid-Ask Spread %	61.38	37.95	76.10	38.18	66.43
Gamma HHI	0.49	0.37	0.62	0.62	0.50
Net GEX	268.9K	137.3K	398.0K	398.0K	137.3K
Net DEX	-4.7M	-8.1M	-2.4M	-8.1M	-2.4M
Net VEX	-22.9K	-34.1K	-15.3K	-34.1K	-15.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.99	0.28	2.13	0.28	0.90
Total Volume	2,699.421	888	19,024	1,733	1,141
Total OI	27,868.684	25,611	44,797	27,315	25,920

Daily Data (19 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
2018-02-01	$11.74	$13.00	94.7%	18.7%	0.0%	0.0%	61.0%	5.3%	-6.7%	398.0K	-8.1M	-34.1K	0.28	38.18	N/A	N/A	1,353	380	25,460	1,855
2018-02-02	$11.22	$13.00	93.1%	18.3%	0.0%	0.0%	64.2%	6.6%	-4.4%	320.4K	-6.0M	-30.4K	0.72	37.95	N/A	N/A	560	401	25,464	1,893
2018-02-05	$11.04	$13.00	111.4%	20.5%	0.0%	0.0%	62.7%	7.7%	-10.1%	290.7K	-5.1M	-26.0K	1.64	67.08	N/A	N/A	491	806	25,522	1,908
2018-02-06	$11.02	$13.00	108.5%	19.8%	0.0%	0.0%	63.6%	8.2%	-9.3%	296.1K	-5.3M	-26.4K	1.45	67.83	N/A	N/A	421	609	25,585	1,653
2018-02-07	$11.14	$13.00	68.5%	19.6%	0.0%	0.0%	60.7%	7.1%	-5.7%	306.2K	-5.2M	-25.7K	1.43	60.10	N/A	N/A	425	609	25,610	1,664
2018-02-08	$11.11	$13.00	74.0%	21.2%	0.0%	0.0%	72.9%	6.8%	-8.4%	312.0K	-5.8M	-26.5K	1.09	71.04	N/A	N/A	424	464	25,629	1,664
2018-02-09	$11.02	$13.00	78.3%	22.5%	0.0%	0.0%	73.9%	11.7%	-17.3%	304.4K	-5.6M	-25.0K	2.13	63.45	N/A	N/A	449	958	25,643	1,705
2018-02-12	$11.11	$13.00	75.7%	21.7%	0.0%	0.0%	72.8%	8.0%	-12.3%	295.8K	-5.0M	-24.3K	1.20	68.41	N/A	N/A	418	501	25,667	2,122
2018-02-13	$10.97	$13.00	73.5%	21.1%	0.0%	0.0%	74.4%	4.9%	-12.5%	275.9K	-4.5M	-22.7K	1.48	71.17	N/A	N/A	480	708	25,677	2,166
2018-02-14	$11.30	$13.00	75.0%	21.5%	0.0%	0.0%	75.0%	11.8%	-15.5%	329.5K	-5.4M	-23.2K	1.28	70.81	N/A	N/A	797	1,019	25,773	2,385
2018-02-15	$11.90	$13.00	94.2%	27.0%	0.0%	0.0%	92.9%	5.7%	-22.2%	355.4K	-7.2M	-27.3K	0.39	49.19	N/A	N/A	13,685	5,339	26,043	2,658
2018-02-16	$11.16	$11.00	40.5%	11.6%	0.0%	0.0%	65.8%	3.6%	-1.6%	206.1K	-3.1M	-18.8K	0.39	40.34	N/A	N/A	7,184	2,821	38,255	6,542
2018-02-20	$11.69	$11.00	40.9%	11.7%	0.0%	0.0%	43.2%	3.7%	-2.1%	308.0K	-4.8M	-21.1K	0.62	76.10	N/A	N/A	978	602	23,642	1,969
2018-02-21	$11.12	$11.00	42.6%	12.2%	0.0%	0.0%	43.2%	8.3%	-0.9%	164.5K	-3.0M	-17.8K	0.49	53.06	N/A	N/A	1,168	570	23,655	2,136
2018-02-22	$11.33	$11.00	42.9%	12.3%	0.0%	0.0%	43.5%	1.5%	-0.3%	233.4K	-3.7M	-19.1K	0.56	73.53	N/A	N/A	1,060	596	23,690	2,168
2018-02-23	$11.37	$11.00	38.5%	11.0%	0.0%	0.0%	37.8%	3.4%	3.4%	205.0K	-3.4M	-18.1K	1.01	76.09	N/A	N/A	678	683	23,704	2,197
2018-02-26	$11.48	$11.00	40.3%	11.6%	0.0%	0.0%	39.5%	6.1%	3.0%	230.1K	-3.8M	-18.2K	0.86	57.23	N/A	N/A	635	548	23,684	2,298
2018-02-27	$11.11	$11.00	41.8%	12.0%	0.0%	0.0%	41.6%	3.9%	-1.4%	140.6K	-2.6M	-15.4K	0.82	58.23	N/A	N/A	728	600	23,613	2,286
2018-02-28	$11.08	$11.00	40.6%	11.6%	0.0%	0.0%	40.5%	1.8%	0.7%	137.3K	-2.4M	-15.3K	0.90	66.43	N/A	N/A	599	542	23,594	2,326