TRUE Options History — September 2018

In September 2018, TRUE traded between $12.73 and $14.24. ATM implied volatility averaged 33.0%. The 30-day expected move averaged 9.5%. Max pain ranged from $12.00 to $13.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 1.32.

Notable Days

  • 2018-09-21: Highest Volume — 6,743 contracts
  • 2018-09-20: Largest IV drop — 13.4% change
  • 2018-09-19: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.50$12.73$14.24$12.73$14.12
Max Pain$12.26$12.00$13.00$12.00$13.00
ATM IV33.0%30.7%35.8%32.5%31.3%
Expected Move9.5%8.8%10.3%9.3%9.0%
Term Structure8.1%0.5%16.8%0.5%16.8%
VWIV32.9%28.9%36.8%32.7%32.6%
Skew 25d4.1%1.4%10.8%10.8%5.5%
Skew 10d9.1%-7.8%21.9%11.8%8.2%
Call IV 25d31.4%25.1%36.1%25.1%28.0%
Put IV 25d35.5%32.7%38.4%35.9%33.5%
Bid-Ask Spread %12.537.2717.7810.0717.78
Gamma HHI0.440.210.750.270.72
Net GEX132.3K42.6K261.7K75.7K259.6K
Net DEX-5.0M-11.1M-2.9M-2.9M-11.1M
Net VEX-15.7K-45.0K-7.7K-9.3K-44.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.122.191.520.12
Total Volume2,698.7371,0816,7431,1636,527
Total OI8,098.9476,31715,1536,47315,153

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$12.73$12.0032.5%9.3%0.0%0.0%32.7%10.8%0.5%75.7K-2.9M-9.3K1.5210.07N/AN/A4617024,8561,617
2018-09-05$12.79$12.0032.6%9.3%0.0%0.0%34.2%1.4%1.4%79.1K-2.9M-9.2K1.439.70N/AN/A4676684,8741,617
2018-09-06$12.82$12.0034.0%9.7%0.0%0.0%31.1%4.6%6.9%81.4K-3.0M-9.1K1.3610.92N/AN/A4596224,8731,610
2018-09-07$12.81$12.0032.6%9.6%0.0%0.0%30.9%2.5%7.6%79.3K-2.9M-9.0K1.2612.84N/AN/A4926224,8171,606
2018-09-10$13.05$12.0034.4%9.9%0.0%0.0%33.2%7.1%6.6%92.3K-3.2M-8.7K1.537.27N/AN/A4346644,8211,605
2018-09-11$13.16$12.0034.0%10.1%0.0%0.0%36.8%3.7%5.3%88.8K-3.2M-8.4K2.1613.57N/AN/A4609944,7841,605
2018-09-12$13.32$12.0035.1%10.1%0.0%0.0%34.8%3.9%4.3%103.2K-3.5M-8.1K1.8414.43N/AN/A5249654,7761,541
2018-09-13$13.53$12.0031.6%9.0%0.0%0.0%32.9%2.1%8.7%118.4K-3.8M-8.4K2.0212.57N/AN/A4789654,8471,541
2018-09-14$13.50$12.0034.0%9.7%0.0%0.0%32.4%3.7%6.3%116.2K-3.8M-8.3K2.0216.76N/AN/A4889854,8191,541
2018-09-17$13.36$12.0035.8%10.3%0.0%0.0%36.0%5.6%4.2%103.0K-3.4M-8.0K2.1910.51N/AN/A4509874,7751,590
2018-09-18$13.55$12.0032.5%9.3%0.0%0.0%28.9%4.8%7.0%114.1K-3.6M-7.9K1.9511.79N/AN/A4639034,7291,592
2018-09-19$13.46$12.0035.8%10.3%0.0%0.0%31.6%4.7%5.0%106.4K-3.5M-7.8K1.7212.98N/AN/A4678014,7591,593
2018-09-20$13.88$12.0031.0%8.9%0.0%0.0%31.5%2.1%8.5%232.4K-4.0M-7.8K1.799.39N/AN/A4708404,7431,595
2018-09-21$14.02$12.0030.7%8.8%0.0%0.0%32.3%2.1%8.9%42.6K-4.7M-7.7K0.1813.72N/AN/A5,7111,0324,7371,629
2018-09-24$13.93$13.0032.5%9.3%0.0%0.0%34.6%2.6%14.0%155.4K-6.4M-23.1K1.6711.83N/AN/A4507518,3741,062
2018-09-25$14.24$13.0032.1%9.2%0.0%0.0%33.0%3.6%13.6%149.2K-7.1M-23.2K0.1314.96N/AN/A5,9437518,4111,136
2018-09-26$14.11$13.0033.5%9.6%0.0%0.0%33.6%4.3%13.1%254.3K-11.1M-45.0K0.1213.42N/AN/A5,96572113,9631,136
2018-09-27$14.10$13.0031.6%9.1%0.0%0.0%31.4%2.7%15.3%261.7K-11.0M-44.5K0.1213.52N/AN/A5,86473013,9991,154
2018-09-28$14.12$13.0031.3%9.0%0.0%0.0%32.6%5.5%16.8%259.6K-11.1M-44.4K0.1217.78N/AN/A5,82170613,9991,154