TRUE Options History — April 2018

In April 2018, TRUE traded between $9.21 and $9.90. ATM implied volatility averaged 55.0%. The 30-day expected move averaged 16.5%. Max pain ranged from $9.00 to $10.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.18.

Notable Days

  • 2018-04-20: Highest Volume — 3,913 contracts
  • 2018-04-11: Largest IV spike — 19.5% change
  • 2018-04-30: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.52$9.21$9.90$9.23$9.90
Max Pain$9.38$9.00$10.00$10.00$9.00
ATM IV55.0%41.1%67.9%52.3%67.9%
Expected Move16.5%11.8%19.5%15.0%19.5%
Term Structure-7.0%-16.6%14.2%11.0%-16.6%
VWIV57.4%44.9%66.9%51.6%66.9%
Skew 25d7.8%-1.7%14.0%-1.7%14.0%
Skew 10d23.8%1.7%40.9%1.7%40.9%
Call IV 25d53.9%36.9%62.2%47.5%61.0%
Put IV 25d61.7%43.4%75.0%45.8%75.0%
Bid-Ask Spread %18.737.9078.5678.5612.94
Gamma HHI0.220.180.410.180.19
Net GEX24.7K-11.0K114.5K22.1K3.5K
Net DEX-342.8K-1.3M257.2K72.6K-927.5K
Net VEX-13.5K-15.9K-11.8K-15.9K-11.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.160.270.200.16
Total Volume3,299.7142,9333,9133,5092,933
Total OI15,741.61911,08818,12816,39611,223

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$9.23$10.0052.3%15.0%0.0%0.0%51.6%-1.7%11.0%22.1K72.6K-15.9K0.2078.56N/AN/A2,93057911,1025,294
2018-04-03$9.38$10.0046.1%13.2%0.0%0.0%44.9%0.4%14.2%28.0K-19.9K-15.4K0.197.90N/AN/A2,98056011,3865,391
2018-04-04$9.56$10.0041.1%11.8%0.0%0.0%45.4%9.1%13.7%35.9K-260.1K-15.7K0.1910.12N/AN/A2,78852911,4905,482
2018-04-05$9.31$10.0041.5%16.6%0.0%0.0%56.3%6.2%-5.4%26.0K140.1K-14.6K0.2017.00N/AN/A2,84257011,6505,478
2018-04-06$9.31$10.0045.7%16.6%0.0%0.0%57.8%7.3%-6.1%27.8K133.5K-14.9K0.1612.92N/AN/A2,84345211,8975,591
2018-04-09$9.28$10.0046.1%17.5%0.0%0.0%59.9%7.9%-10.3%31.4K83.0K-14.3K0.2512.28N/AN/A2,71868212,0095,546
2018-04-10$9.21$10.0047.9%16.7%0.0%0.0%57.0%7.8%-6.5%22.2K257.2K-14.2K0.1915.17N/AN/A2,83552912,0785,680
2018-04-11$9.30$10.0057.3%16.4%0.0%0.0%56.8%9.9%-6.3%30.2K81.6K-14.1K0.1814.29N/AN/A2,82750612,1365,688
2018-04-12$9.39$9.0057.0%16.3%0.0%0.0%55.6%8.9%-6.7%34.9K-101.7K-14.5K0.1714.46N/AN/A2,83249012,2095,770
2018-04-13$9.27$9.0054.4%15.6%0.0%0.0%54.2%9.8%-4.1%21.4K247.2K-13.4K0.2716.09N/AN/A2,81076712,2195,761
2018-04-16$9.51$9.0055.0%15.8%0.0%0.0%56.3%6.6%-9.0%43.8K-504.8K-13.4K0.1914.05N/AN/A2,74351812,2435,488
2018-04-17$9.71$9.0054.8%15.7%0.0%0.0%56.3%7.6%-10.5%56.5K-766.0K-12.9K0.1810.05N/AN/A2,71949412,2865,543
2018-04-18$9.85$9.0054.9%15.7%0.0%0.0%54.8%5.4%-10.2%114.5K-1.3M-13.1K0.179.59N/AN/A2,94548612,3805,512
2018-04-19$9.70$9.0057.8%16.6%0.0%0.0%57.4%8.6%-12.8%61.2K-806.6K-13.0K0.1710.94N/AN/A2,79847412,6095,494
2018-04-20$9.65$9.0058.6%16.8%0.0%0.0%59.3%7.8%-13.3%-8.0K-620.9K-12.8K0.1611.72N/AN/A3,36454912,6195,509
2018-04-23$9.61$9.0061.7%17.7%0.0%0.0%61.8%9.5%-12.0%-11.0K-461.5K-12.0K0.1613.58N/AN/A2,6154236,2464,842
2018-04-24$9.55$9.0062.8%18.0%0.0%0.0%62.4%6.9%-13.4%-10.9K-412.6K-12.2K0.1653.59N/AN/A2,6554376,2754,841
2018-04-25$9.58$9.0064.2%18.4%0.0%0.0%62.9%8.8%-14.2%-9.4K-444.9K-12.0K0.1629.97N/AN/A2,6584186,3354,829
2018-04-26$9.85$9.0062.7%18.0%0.0%0.0%63.2%10.9%-13.4%-1.5K-756.6K-12.3K0.1713.01N/AN/A2,6084496,3754,825
2018-04-27$9.87$9.0065.5%18.8%0.0%0.0%64.2%12.4%-15.5%113-829.4K-12.0K0.1615.07N/AN/A2,5244156,4374,806
2018-04-30$9.90$9.0067.9%19.5%0.0%0.0%66.9%14.0%-16.6%3.5K-927.5K-11.8K0.1612.94N/AN/A2,5334006,4264,797