TRUE Options History — June 2018

In June 2018, TRUE traded between $9.73 and $10.76. ATM implied volatility averaged 36.2%. The 30-day expected move averaged 10.3%. Max pain ranged from $9.00 to $10.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2018-06-05: Highest Volume — 3,175 contracts
  • 2018-06-12: Largest IV drop — 54.5% change
  • 2018-06-25: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.32$9.73$10.76$9.87$10.05
Max Pain$9.05$9.00$10.00$10.00$9.00
ATM IV36.2%22.8%50.0%36.4%37.5%
Expected Move10.3%9.5%11.3%10.4%10.8%
Term Structure9.2%-1.7%15.9%-1.7%12.0%
VWIV34.4%25.9%38.7%38.6%37.0%
Skew 25d3.0%-11.3%9.5%-11.3%5.6%
Skew 10d5.3%-16.3%23.1%-16.3%10.8%
Call IV 25d33.9%27.6%40.9%40.9%36.1%
Put IV 25d36.9%29.6%44.9%29.6%41.7%
Bid-Ask Spread %11.376.1533.448.667.53
Gamma HHI0.330.230.550.470.29
Net GEX18.6K-41.5K50.7K-24.8K35.6K
Net DEX-1.7M-2.7M-540.7K-792.5K-1.4M
Net VEX-5.6K-6.5K-4.9K-6.5K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.252.552.540.32
Total Volume1,557.0951,0323,1753,1601,032
Total OI6,461.3815,0707,9797,2975,187

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-06-01$9.87$10.0036.4%10.4%0.0%0.0%38.6%-11.3%-1.7%-24.8K-792.5K-6.5K2.548.66N/AN/A8932,2674,7802,517
2018-06-04$9.77$9.0037.2%10.1%0.0%0.0%25.9%4.8%7.3%-28.0K-574.8K-6.1K2.5411.69N/AN/A8932,2674,9002,517
2018-06-05$9.73$9.0040.4%10.4%0.0%0.0%25.9%2.3%6.2%-25.0K-540.7K-6.1K2.5012.31N/AN/A9082,2674,9182,517
2018-06-06$9.85$9.0034.8%10.1%0.0%0.0%26.6%7.0%6.8%-38.3K-718.7K-6.1K2.5511.96N/AN/A8902,2674,9752,517
2018-06-07$9.99$9.0035.8%10.5%0.0%0.0%38.7%5.5%5.9%-41.5K-982.8K-6.0K0.3920.96N/AN/A8923524,9842,517
2018-06-08$10.35$9.0036.0%9.9%0.0%0.0%37.7%8.9%8.5%-21.9K-1.8M-6.0K0.3522.23N/AN/A1,0073555,0412,579
2018-06-11$10.43$9.0050.0%10.6%0.0%0.0%37.5%9.5%5.5%-3.5K-2.0M-5.6K0.259.46N/AN/A1,1392835,1002,588
2018-06-12$10.67$9.0022.8%9.7%0.0%0.0%35.8%5.3%8.2%50.7K-2.6M-5.7K0.326.15N/AN/A9202935,3052,586
2018-06-13$10.73$9.0033.6%9.6%0.0%0.0%36.3%5.4%7.2%44.0K-2.6M-5.9K0.318.07N/AN/A9322935,3012,597
2018-06-14$10.65$9.0033.5%9.6%0.0%0.0%34.2%3.0%7.6%33.7K-2.5M-6.0K0.338.15N/AN/A9132995,3482,597
2018-06-15$10.69$9.0033.2%9.5%0.0%0.0%31.1%2.8%8.2%41.7K-2.7M-5.8K0.349.89N/AN/A8723005,3722,607
2018-06-18$10.76$9.0034.4%9.9%0.0%0.0%31.6%2.6%10.5%44.5K-1.9M-5.4K0.349.14N/AN/A7972674,139931
2018-06-19$10.54$9.0035.1%10.1%0.0%0.0%34.8%-2.4%11.6%41.2K-1.8M-5.3K0.328.85N/AN/A8462684,149931
2018-06-20$10.67$9.0034.8%10.0%0.0%0.0%33.2%1.6%11.0%43.4K-1.9M-5.3K0.327.79N/AN/A8302684,148932
2018-06-21$10.51$9.0036.0%10.3%0.0%0.0%35.2%-1.6%10.7%41.2K-1.8M-5.1K0.3033.44N/AN/A8972714,173932
2018-06-22$10.48$9.0035.4%10.1%0.0%0.0%32.7%3.0%14.0%42.4K-1.8M-5.3K0.308.79N/AN/A9172714,248929
2018-06-25$10.40$9.0039.4%11.3%0.0%0.0%38.0%-1.1%11.1%41.5K-1.7M-5.3K0.289.60N/AN/A9572714,288929
2018-06-26$10.33$9.0038.6%11.1%0.0%0.0%37.2%-1.5%13.4%40.9K-1.7M-5.2K0.2910.08N/AN/A9472714,285929
2018-06-27$10.23$9.0038.3%11.0%0.0%0.0%38.3%7.8%12.2%37.6K-1.6M-5.1K0.347.69N/AN/A7762664,285929
2018-06-28$10.10$9.0036.5%10.5%0.0%0.0%36.2%5.8%15.9%36.2K-1.5M-5.0K0.346.42N/AN/A7792664,253929
2018-06-29$10.05$9.0037.5%10.8%0.0%0.0%37.0%5.6%12.0%35.6K-1.4M-4.9K0.327.53N/AN/A7792534,258929