TRUE Options History — March 2018

In March 2018, TRUE traded between $9.01 and $11.09. ATM implied volatility averaged 42.4%. The 30-day expected move averaged 12.0%. Max pain ranged from $10.00 to $11.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.79.

Notable Days

  • 2018-03-16: Highest Volume — 5,649 contracts
  • 2018-03-12: Largest IV spike — 28.6% change
  • 2018-03-23: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.33$9.01$11.09$10.95$9.46
Max Pain$10.81$10.00$11.00$11.00$10.00
ATM IV42.4%35.8%48.9%42.2%42.7%
Expected Move12.0%10.3%13.9%12.1%12.2%
Term Structure10.9%-1.3%15.9%-1.3%13.4%
VWIV40.6%36.9%46.7%42.9%42.3%
Skew 25d4.7%-2.1%10.1%-2.0%8.4%
Skew 10d11.7%-7.6%31.0%-0.3%24.3%
Call IV 25d40.9%36.3%49.7%45.3%36.8%
Put IV 25d45.6%40.7%52.6%43.3%45.1%
Bid-Ask Spread %47.259.0379.1979.199.50
Gamma HHI0.380.180.650.520.19
Net GEX79.1K6.0K134.8K122.0K28.7K
Net DEX-1.3M-2.8M487.5K-2.2M-97.0K
Net VEX-16.4K-21.5K-12.5K-14.7K-15.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.191.201.140.22
Total Volume4,185.2381,1025,6491,1053,409
Total OI22,489.85712,81330,52625,88116,198

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$10.95$11.0042.2%12.1%0.0%0.0%42.9%-2.0%-1.3%122.0K-2.2M-14.7K1.1479.19N/AN/A51758823,5512,330
2018-03-02$10.95$11.0043.5%12.5%0.0%0.0%45.0%-2.1%0.5%116.2K-2.1M-14.2K0.9760.86N/AN/A56054223,5652,295
2018-03-05$10.87$11.0040.7%12.0%0.0%0.0%38.3%5.6%8.2%103.7K-2.0M-13.4K1.2060.45N/AN/A52863523,5692,296
2018-03-06$10.66$11.0042.9%12.0%0.0%0.0%40.9%4.9%9.8%80.2K-1.5M-12.5K0.9555.31N/AN/A62759623,5802,311
2018-03-07$10.71$11.0040.8%11.7%0.0%0.0%37.6%3.2%9.8%83.4K-1.6M-13.0K0.9730.32N/AN/A2,6612,59023,7172,367
2018-03-08$11.08$11.0038.0%11.4%0.0%0.0%39.0%1.0%10.2%130.3K-2.8M-21.5K0.9361.02N/AN/A2,7282,52425,7174,367
2018-03-09$11.09$11.0038.0%11.5%0.0%0.0%36.9%3.7%8.7%134.8K-2.8M-21.4K0.9359.76N/AN/A2,7172,52425,7254,362
2018-03-12$11.02$11.0048.9%11.5%0.0%0.0%37.7%9.0%11.1%124.7K-2.7M-20.7K0.8944.47N/AN/A2,8132,51425,7244,362
2018-03-13$11.01$11.0046.6%11.4%0.0%0.0%37.3%5.0%9.2%126.3K-2.5M-19.6K0.8942.93N/AN/A2,8222,50425,8434,346
2018-03-14$10.85$11.0039.5%11.3%0.0%0.0%37.0%5.6%9.1%106.5K-2.0M-19.2K0.8662.69N/AN/A2,9082,50425,8624,335
2018-03-15$10.79$11.0037.8%10.8%0.0%0.0%38.2%8.3%11.4%104.7K-1.8M-19.2K0.8264.16N/AN/A3,0712,52126,0244,331
2018-03-16$10.79$11.0035.8%10.3%0.0%0.0%38.6%5.9%13.7%113.0K-1.7M-19.0K0.8456.99N/AN/A3,0692,58026,2054,321
2018-03-19$10.19$11.0043.5%12.5%0.0%0.0%43.1%6.5%13.6%63.0K-1.1M-16.4K0.8170.85N/AN/A2,9232,3679,3393,474
2018-03-20$9.94$11.0040.9%11.7%0.0%0.0%42.3%1.4%14.4%56.9K-834.3K-15.0K0.9316.68N/AN/A2,8702,6749,5823,484
2018-03-21$9.94$11.0039.4%11.3%0.0%0.0%40.2%4.7%15.1%56.7K-886.2K-15.3K0.839.03N/AN/A2,9362,4459,7913,679
2018-03-22$9.82$11.0042.1%12.1%0.0%0.0%42.8%4.9%13.1%48.1K-741.6K-14.6K0.8574.14N/AN/A2,7772,3729,9383,609
2018-03-23$9.36$11.0048.4%13.9%0.0%0.0%46.7%7.0%14.1%32.8K-264.1K-14.0K0.8051.47N/AN/A2,7892,22910,2813,650
2018-03-26$9.26$10.0047.3%13.6%0.0%0.0%42.2%10.1%14.4%6.0K468.3K-15.5K0.3012.67N/AN/A2,97889510,5095,399
2018-03-27$9.01$10.0046.1%13.2%0.0%0.0%41.6%3.1%14.7%10.2K487.5K-15.2K0.2227.87N/AN/A2,65658410,9365,169
2018-03-28$9.18$10.0044.7%12.8%0.0%0.0%42.9%4.4%15.9%13.0K397.6K-14.9K0.1941.92N/AN/A2,80254110,9785,166
2018-03-29$9.46$10.0042.7%12.2%0.0%0.0%42.3%8.4%13.4%28.7K-97.0K-15.8K0.229.50N/AN/A2,79261711,0915,107