TRUE Options History — May 2018

In May 2018, TRUE traded between $9.03 and $10.36. ATM implied volatility averaged 49.6%. The 30-day expected move averaged 12.7%. Max pain ranged from $9.00 to $10.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.57.

Notable Days

  • 2018-05-09: Highest Volume — 6,147 contracts
  • 2018-05-09: Largest IV drop — 59.6% change
  • 2018-05-02: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.65$9.03$10.36$9.93$9.83
Max Pain$9.73$9.00$10.00$9.00$10.00
ATM IV49.6%34.9%98.3%71.3%36.0%
Expected Move12.7%10.0%20.7%20.4%10.3%
Term Structure-3.4%-21.9%2.6%-21.0%-0.1%
VWIV44.1%34.7%71.4%70.6%35.3%
Skew 25d5.5%-6.1%12.0%11.1%12.0%
Skew 10d14.5%-15.7%47.3%47.3%19.2%
Call IV 25d41.6%29.4%66.4%66.4%29.9%
Put IV 25d47.1%32.7%77.5%77.5%41.9%
Bid-Ask Spread %15.938.2671.9714.248.81
Gamma HHI0.350.160.770.190.45
Net GEX-16.6K-233.6K42.4K2.4K-22.4K
Net DEX-599.6K-1.9M1.3M-922.2K-669.9K
Net VEX-8.3K-12.6K-5.3K-11.7K-6.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.570.113.150.162.69
Total Volume3,904.7273,0236,1473,0273,109
Total OI10,077.3187,18014,54711,2497,316

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$9.93$9.0071.3%20.4%0.0%0.0%70.6%11.1%-21.0%2.4K-922.2K-11.7K0.1614.24N/AN/A2,6134146,4524,797
2018-05-02$9.89$9.0072.0%20.7%0.0%0.0%71.4%10.7%-21.9%5.4K-946.6K-11.5K0.2213.68N/AN/A2,6105736,5524,805
2018-05-03$9.98$9.0077.4%15.5%0.0%0.0%57.7%8.1%-8.3%11.2K-1.2M-12.0K0.1512.66N/AN/A2,6383856,5544,649
2018-05-04$10.19$9.0080.3%16.0%0.0%0.0%54.1%9.2%-6.0%20.5K-1.4M-12.3K0.1371.97N/AN/A2,9473716,5204,637
2018-05-07$10.33$9.0088.8%16.6%0.0%0.0%56.2%5.6%-8.5%28.3K-1.8M-12.6K0.1116.16N/AN/A3,1663606,8504,651
2018-05-08$10.36$9.0098.3%17.0%0.0%0.0%58.4%5.6%-9.0%36.8K-1.9M-12.6K0.2917.58N/AN/A4,6931,3517,2254,660
2018-05-09$9.40$10.0039.7%11.4%0.0%0.0%44.8%-3.8%2.6%-26.0K-350.8K-10.1K0.9718.18N/AN/A3,1253,0229,0015,546
2018-05-10$9.60$10.0035.5%10.2%0.0%0.0%36.0%3.5%1.7%6.2K-864.0K-7.1K0.688.67N/AN/A3,5792,4177,0593,351
2018-05-11$9.67$10.0035.6%10.2%0.0%0.0%35.6%2.3%0.2%42.4K-1.1M-7.1K1.4210.19N/AN/A1,7142,4377,5273,349
2018-05-14$9.50$10.0038.5%11.0%0.0%0.0%35.7%5.1%-1.2%17.1K-747.2K-6.6K2.279.20N/AN/A1,0832,4627,6723,349
2018-05-15$9.39$10.0037.8%10.8%0.0%0.0%35.5%7.0%0.0%-14.3K-428.1K-6.0K1.6417.99N/AN/A1,4212,3257,6833,463
2018-05-16$9.04$10.0038.8%11.1%0.0%0.0%42.8%3.8%-0.5%-101.3K295.8K-5.3K3.1527.32N/AN/A1,3394,2147,7703,460
2018-05-17$9.03$10.0038.2%11.0%0.0%0.0%37.6%4.4%0.6%-233.6K1.3M-6.1K1.6217.46N/AN/A1,4922,4237,8215,004
2018-05-18$9.49$10.0040.1%11.5%0.0%0.0%38.5%8.8%0.3%-21.5K-323.1K-7.0K1.188.26N/AN/A2,1492,5438,0434,998
2018-05-21$9.35$10.0041.6%11.9%0.0%0.0%39.1%-2.3%-2.4%-12.8K-32.2K-6.9K2.698.59N/AN/A8972,4154,7282,582
2018-05-22$9.13$10.0039.9%11.4%0.0%0.0%39.6%-6.1%-1.2%-10.9K215.7K-6.4K2.3913.44N/AN/A9582,2944,7722,591
2018-05-23$9.61$10.0035.5%10.2%0.0%0.0%35.8%7.5%1.3%-7.9K-467.2K-7.2K1.5510.37N/AN/A1,4952,3114,8832,474
2018-05-24$9.70$10.0036.7%10.5%0.0%0.0%35.6%8.6%-1.7%-18.2K-513.0K-7.0K2.368.62N/AN/A9792,3084,6752,505
2018-05-25$9.62$10.0036.8%10.5%0.0%0.0%36.4%4.9%-0.5%-20.3K-417.8K-6.9K2.9514.11N/AN/A7852,3134,7032,503
2018-05-29$9.52$10.0038.3%11.0%0.0%0.0%38.2%4.0%-1.8%-19.1K-262.0K-6.5K2.9411.97N/AN/A7852,3064,7432,513
2018-05-30$9.80$10.0034.9%10.0%0.0%0.0%34.7%11.0%1.7%-26.2K-613.7K-6.6K2.9710.96N/AN/A7772,3064,7482,517
2018-05-31$9.83$10.0036.0%10.3%0.0%0.0%35.3%12.0%-0.1%-22.4K-669.9K-6.6K2.698.81N/AN/A8422,2674,7992,517