TRUE Options History — July 2018

In July 2018, TRUE traded between $10.36 and $11.60. ATM implied volatility averaged 52.8%. The 30-day expected move averaged 16.0%. Max pain ranged from $9.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2018-07-18: Highest Volume — 1,527 contracts
  • 2018-07-11: Largest IV spike — 63.5% change
  • 2018-07-31: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.12$10.36$11.60$10.36$11.06
Max Pain$9.81$9.00$10.00$9.00$10.00
ATM IV52.8%31.9%68.4%38.4%68.4%
Expected Move16.0%10.7%19.6%11.0%19.6%
Term Structure-10.4%-19.0%12.9%12.9%-19.0%
VWIV57.1%36.9%76.2%37.2%76.2%
Skew 25d5.9%1.8%9.0%1.8%4.9%
Skew 10d16.9%0.4%38.2%3.5%27.2%
Call IV 25d53.0%34.1%66.2%34.3%66.2%
Put IV 25d59.0%36.1%71.8%36.1%71.1%
Bid-Ask Spread %13.009.1317.3012.4717.30
Gamma HHI0.250.100.490.280.12
Net GEX34.7K9.8K67.2K41.7K10.7K
Net DEX-2.0M-2.6M-1.4M-1.7M-1.4M
Net VEX-4.8K-5.2K-4.5K-4.8K-4.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.320.890.320.57
Total Volume1,0578181,5271,032961
Total OI4,736.7143,1405,8135,1873,453

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$10.36$9.0038.4%11.0%0.0%0.0%37.2%1.8%12.9%41.7K-1.7M-4.8K0.3212.47N/AN/A7792534,258929
2018-07-03$10.51$9.0037.2%10.7%0.0%0.0%36.9%3.7%10.3%44.1K-1.8M-4.9K0.4713.61N/AN/A7093304,254929
2018-07-05$11.00$10.0039.1%14.3%0.0%0.0%54.6%5.8%-5.6%52.3K-2.1M-4.9K0.459.13N/AN/A7803494,2551,006
2018-07-06$10.78$10.0036.9%15.3%0.0%0.0%54.8%5.0%-9.2%49.0K-1.9M-5.1K0.519.30N/AN/A6893494,3131,086
2018-07-09$10.75$10.0037.8%15.1%0.0%0.0%55.1%6.3%-10.4%48.9K-1.9M-4.8K0.539.69N/AN/A6713574,3411,087
2018-07-10$10.59$10.0031.9%14.9%0.0%0.0%53.8%4.2%-9.3%45.4K-1.8M-4.6K0.5413.48N/AN/A6583574,3451,095
2018-07-11$10.90$10.0052.1%14.9%0.0%0.0%55.0%7.2%-8.0%51.6K-2.0M-4.6K0.5512.36N/AN/A6513574,3451,095
2018-07-12$11.42$10.0053.1%15.2%0.0%0.0%56.1%6.7%-10.4%61.6K-2.5M-5.0K0.5714.93N/AN/A6603734,3531,095
2018-07-13$11.56$10.0052.2%15.0%0.0%0.0%57.3%6.6%-11.0%67.2K-2.6M-5.0K0.529.69N/AN/A7223734,3311,159
2018-07-16$11.41$10.0056.3%16.1%0.0%0.0%57.6%7.6%-12.2%61.8K-2.5M-4.8K0.5113.94N/AN/A6953574,3221,160
2018-07-17$11.48$10.0057.3%16.4%0.0%0.0%59.2%4.5%-12.9%63.1K-2.5M-4.9K0.5315.38N/AN/A6693574,3481,210
2018-07-18$11.30$10.0058.9%16.9%0.0%0.0%61.7%7.0%-14.0%33.2K-2.4M-4.6K0.7617.18N/AN/A8666614,3741,210
2018-07-19$11.36$9.0059.6%17.1%0.0%0.0%60.7%6.3%-15.9%19.6K-2.6M-4.7K0.8913.48N/AN/A7176374,5661,247
2018-07-20$11.37$9.0059.4%17.0%0.0%0.0%61.1%7.0%-16.3%11.6K-2.5M-4.8K0.8814.44N/AN/A7276434,4711,263
2018-07-23$11.32$10.0060.0%17.2%0.0%0.0%62.8%7.7%-11.5%10.4K-1.5M-4.6K0.5212.62N/AN/A5372812,578562
2018-07-24$11.28$10.0060.6%17.4%0.0%0.0%61.5%9.0%-14.1%9.8K-1.5M-4.5K0.4814.65N/AN/A6343042,578582
2018-07-25$11.52$10.0059.6%17.1%0.0%0.0%52.3%7.2%-14.0%12.6K-1.6M-5.0K0.4511.07N/AN/A6262812,688579
2018-07-26$11.60$10.0061.5%17.6%0.0%0.0%53.2%4.3%-15.2%12.8K-1.7M-5.2K0.459.69N/AN/A6102772,688589
2018-07-27$11.05$10.0061.6%17.7%0.0%0.0%61.7%5.4%-14.0%10.5K-1.4M-4.7K0.4414.14N/AN/A6953092,705613
2018-07-30$10.89$10.0066.9%19.2%0.0%0.0%70.7%6.8%-18.9%11.2K-1.4M-4.6K0.5214.51N/AN/A6153212,764645
2018-07-31$11.06$10.0068.4%19.6%0.0%0.0%76.2%4.9%-19.0%10.7K-1.4M-4.5K0.5717.30N/AN/A6143472,778675