TRUE Options History — October 2018

In October 2018, TRUE traded between $10.79 and $13.82. ATM implied volatility averaged 60.6%. The 30-day expected move averaged 18.1%. Max pain ranged from $11.00 to $13.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.53.

Notable Days

  • 2018-10-02: Highest Volume — 6,562 contracts
  • 2018-10-10: Largest IV spike — 58.2% change
  • 2018-10-29: Largest Expected Move — 26.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.16$10.79$13.82$13.82$11.35
Max Pain$12.00$11.00$13.00$13.00$11.00
ATM IV60.6%29.7%93.2%29.7%88.3%
Expected Move18.1%8.5%26.7%8.5%25.3%
Term Structure-13.8%-35.2%21.2%21.2%-31.7%
VWIV61.9%28.3%93.1%28.3%82.5%
Skew 25d6.8%-0.9%12.2%1.4%10.1%
Skew 10d18.1%-14.1%53.9%-6.2%19.9%
Call IV 25d59.1%28.8%83.0%32.0%80.3%
Put IV 25d65.9%30.3%95.2%33.4%90.4%
Bid-Ask Spread %22.629.3571.149.3563.03
Gamma HHI0.680.470.790.720.77
Net GEX212.0K133.1K304.4K263.8K159.8K
Net DEX-6.1M-10.2M-3.4M-10.2M-4.4M
Net VEX-33.5K-43.4K-23.5K-43.4K-27.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.110.820.120.68
Total Volume2,709.6521,2916,5626,5301,331
Total OI15,486.73914,07017,13815,16014,650

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-10-01$13.82$13.0029.7%8.5%0.0%0.0%28.3%1.4%21.2%263.8K-10.2M-43.4K0.129.35N/AN/A5,82470614,0061,154
2018-10-02$13.31$13.0035.5%10.2%0.0%0.0%31.5%-0.9%15.9%253.1K-8.7M-41.7K0.1211.69N/AN/A5,88168114,0081,154
2018-10-03$13.58$13.0032.6%9.3%0.0%0.0%31.6%3.9%17.1%263.4K-9.4M-42.2K0.1213.44N/AN/A5,87167613,9961,149
2018-10-04$13.20$12.0035.6%14.5%0.0%0.0%50.8%3.2%-8.8%253.2K-8.4M-41.0K0.1117.52N/AN/A5,83963413,9991,199
2018-10-05$13.21$12.0035.4%14.7%0.0%0.0%52.0%5.4%-9.1%251.5K-8.3M-41.1K0.1117.63N/AN/A5,84664414,0061,191
2018-10-08$13.33$12.0038.1%15.3%0.0%0.0%54.3%5.0%-11.8%256.5K-8.7M-40.8K0.4016.56N/AN/A1,61465014,0141,173
2018-10-09$13.42$12.0038.5%15.4%0.0%0.0%54.9%8.4%-11.0%304.4K-9.4M-41.3K0.5618.73N/AN/A1,15365014,6181,183
2018-10-10$12.59$12.0060.9%17.5%0.0%0.0%60.5%7.0%-15.3%271.2K-7.2M-38.0K0.4720.01N/AN/A1,40465814,8101,183
2018-10-11$12.01$12.0063.2%18.1%0.0%0.0%61.6%7.9%-17.2%245.5K-5.7M-35.1K0.4020.25N/AN/A1,66066815,4991,179
2018-10-12$12.00$12.0061.7%17.7%0.0%0.0%60.6%8.8%-15.5%250.3K-5.6M-33.9K0.6019.30N/AN/A1,20972715,5221,179
2018-10-15$12.03$12.0062.7%18.0%0.0%0.0%62.0%5.9%-16.7%227.9K-5.6M-34.0K0.6220.17N/AN/A1,17572715,6131,203
2018-10-16$12.27$12.0062.3%17.9%0.0%0.0%61.6%6.0%-17.8%283.7K-6.2M-35.0K0.7820.24N/AN/A84165815,7561,205
2018-10-17$12.11$12.0062.5%17.9%0.0%0.0%62.0%5.4%-17.0%225.9K-5.7M-33.8K0.7719.47N/AN/A90369315,7811,207
2018-10-18$11.85$12.0066.1%19.0%0.0%0.0%65.2%9.7%-21.5%182.0K-5.1M-31.7K0.7828.78N/AN/A90270215,8711,267
2018-10-19$11.50$12.0068.4%19.6%0.0%0.0%65.5%8.7%-19.9%162.0K-4.2M-29.3K0.8216.48N/AN/A85770515,8411,295
2018-10-22$11.45$12.0071.9%20.6%0.0%0.0%68.5%7.1%-17.6%158.9K-4.3M-27.9K0.6914.55N/AN/A76252913,308762
2018-10-23$11.34$12.0073.1%21.0%0.0%0.0%71.6%4.3%-17.8%155.0K-4.3M-28.0K0.7418.03N/AN/A79859213,326772
2018-10-24$11.05$12.0073.7%21.1%0.0%0.0%72.8%7.3%-19.7%139.2K-3.6M-25.4K0.7333.59N/AN/A84061613,367791
2018-10-25$11.27$12.0075.2%21.6%0.0%0.0%73.3%7.6%-18.6%147.6K-4.0M-26.3K0.7017.47N/AN/A77253713,450907
2018-10-26$11.07$12.0079.3%22.7%0.0%0.0%77.5%11.8%-22.6%140.0K-3.6M-25.5K0.5217.45N/AN/A1,02053213,453910
2018-10-29$10.79$11.0093.2%26.7%0.0%0.0%93.1%12.2%-35.2%133.1K-3.4M-23.5K0.5371.14N/AN/A1,00153113,694920
2018-10-30$11.15$11.0085.2%24.4%0.0%0.0%81.6%10.8%-27.4%147.4K-3.9M-25.1K0.7115.45N/AN/A76154213,703921
2018-10-31$11.35$11.0088.3%25.3%0.0%0.0%82.5%10.1%-31.7%159.8K-4.4M-27.5K0.6863.03N/AN/A79154013,696954