TRUE Options History — August 2018

In August 2018, TRUE traded between $11.24 and $12.84. ATM implied volatility averaged 50.2%. The 30-day expected move averaged 12.0%. Max pain ranged from $10.00 to $12.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.97.

Notable Days

  • 2018-08-10: Highest Volume — 6,804 contracts
  • 2018-08-10: Largest IV drop — 62.5% change
  • 2018-08-02: Largest Expected Move — 21.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.21$11.24$12.84$11.24$12.84
Max Pain$11.61$10.00$12.00$10.00$12.00
ATM IV50.2%29.9%114.3%71.9%29.9%
Expected Move12.0%8.6%21.1%20.6%8.6%
Term Structure-3.6%-24.4%2.9%-23.1%2.9%
VWIV41.3%30.0%73.2%73.2%30.0%
Skew 25d3.5%-0.2%7.9%6.2%0.2%
Skew 10d11.0%-5.2%43.4%30.1%-3.1%
Call IV 25d41.0%28.6%71.4%68.8%31.4%
Put IV 25d44.5%31.6%76.3%75.0%31.6%
Bid-Ask Spread %12.897.7219.5211.2112.56
Gamma HHI0.230.100.430.100.29
Net GEX48.4K-7.5K86.5K9.8K82.2K
Net DEX-2.5M-3.9M-985.7K-1.5M-3.0M
Net VEX-8.0K-9.9K-5.0K-5.4K-9.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.501.650.731.43
Total Volume1,714.2179546,8041,0631,146
Total OI7,121.6093,60812,3713,6086,537

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$11.24$10.0071.9%20.6%0.0%0.0%73.2%6.2%-23.1%9.8K-1.5M-5.4K0.7311.21N/AN/A6154482,788820
2018-08-02$11.49$10.0073.7%21.1%0.0%0.0%63.1%4.9%-24.4%11.5K-1.6M-5.2K0.5210.33N/AN/A6483342,823826
2018-08-03$11.45$10.0072.5%20.8%0.0%0.0%62.0%5.5%-23.4%11.2K-1.6M-5.2K0.5412.48N/AN/A6203342,844847
2018-08-06$11.54$11.0081.2%13.7%0.0%0.0%48.7%4.4%-5.2%12.7K-1.6M-5.0K0.5215.35N/AN/A7133702,861847
2018-08-07$11.65$11.0082.5%13.4%0.0%0.0%48.6%7.9%-4.7%14.3K-1.7M-5.3K0.5514.82N/AN/A6383512,983920
2018-08-08$11.30$12.0097.0%15.2%0.0%0.0%52.2%7.0%-6.6%12.3K-1.5M-5.2K1.3216.06N/AN/A1,1781,5583,017959
2018-08-09$11.30$12.00114.3%15.6%0.0%0.0%53.9%-0.2%-5.6%-7.5K-985.7K-6.8K1.6514.89N/AN/A1,4682,4183,5242,209
2018-08-10$12.83$11.0042.9%10.4%0.0%0.0%37.1%3.5%-1.6%29.9K-3.9M-8.4K0.5019.52N/AN/A4,5372,2674,9775,699
2018-08-13$12.57$12.0037.0%10.2%0.0%0.0%36.5%4.0%0.0%86.5K-3.4M-8.6K0.5313.37N/AN/A1,8129596,2455,627
2018-08-14$12.45$12.0047.4%10.6%0.0%0.0%34.8%3.4%-0.4%64.3K-3.1M-8.9K0.6013.28N/AN/A7784686,5465,759
2018-08-15$12.39$12.0036.7%10.5%0.0%0.0%35.9%3.8%0.3%27.8K-2.9M-8.4K0.6616.79N/AN/A8115336,4915,745
2018-08-16$12.44$12.0034.7%10.0%0.0%0.0%34.4%3.5%2.2%42.2K-3.2M-8.0K0.8814.53N/AN/A6065326,5665,805
2018-08-17$12.67$12.0032.9%9.4%0.0%0.0%34.0%2.8%1.4%63.1K-3.5M-8.0K0.5114.90N/AN/A1,1115616,5505,796
2018-08-20$12.55$12.0034.7%9.9%0.0%0.0%34.9%0.4%-1.7%74.4K-2.8M-8.7K1.079.78N/AN/A5736154,6781,250
2018-08-21$12.49$12.0034.6%9.9%0.0%0.0%34.8%2.3%0.8%72.3K-2.6M-9.4K1.3417.34N/AN/A5006684,6861,371
2018-08-22$12.47$12.0035.1%10.1%0.0%0.0%35.1%3.3%-0.1%71.8K-2.6M-9.7K1.2013.08N/AN/A7108514,7291,402
2018-08-23$12.44$12.0034.7%9.9%0.0%0.0%34.1%2.0%-0.3%69.8K-2.6M-9.9K1.239.38N/AN/A6918514,8851,539
2018-08-24$12.44$12.0033.8%9.7%0.0%0.0%32.0%6.7%0.7%68.1K-2.5M-9.7K1.157.72N/AN/A6237174,8431,539
2018-08-27$12.53$12.0031.4%9.0%0.0%0.0%35.0%2.6%1.4%73.1K-2.7M-9.8K1.299.59N/AN/A5076554,9671,599
2018-08-28$12.33$12.0032.1%9.2%0.0%0.0%34.2%4.5%2.9%66.0K-2.5M-9.5K1.439.42N/AN/A5017174,9631,600
2018-08-29$12.71$12.0031.9%9.2%0.0%0.0%34.4%1.2%0.3%79.7K-3.0M-9.9K1.1610.95N/AN/A6006964,9841,639
2018-08-30$12.75$12.0031.8%9.1%0.0%0.0%31.9%-0.1%2.0%77.1K-2.9M-9.8K1.579.01N/AN/A4426964,8761,636
2018-08-31$12.84$12.0029.9%8.6%0.0%0.0%30.0%0.2%2.9%82.2K-3.0M-9.6K1.4312.56N/AN/A4726744,9011,636