TRUE Options History — November 2018

In November 2018, TRUE traded between $9.45 and $11.71. ATM implied volatility averaged 53.5%. The 30-day expected move averaged 13.8%. Max pain ranged from $10.00 to $12.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2018-11-07: Highest Volume — 2,573 contracts
  • 2018-11-07: Largest IV drop — 57.1% change
  • 2018-11-02: Largest Expected Move — 24.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.54$9.45$11.71$11.71$10.53
Max Pain$10.71$10.00$12.00$11.00$10.00
ATM IV53.5%39.4%100.7%85.2%40.8%
Expected Move13.8%11.3%24.7%24.4%11.7%
Term Structure-5.4%-30.1%0.4%-30.1%-3.5%
VWIV46.9%35.6%85.9%85.7%42.0%
Skew 25d8.3%-0.1%15.6%11.5%8.1%
Skew 10d14.6%-27.0%40.8%40.8%13.4%
Call IV 25d43.9%32.0%81.7%81.7%35.1%
Put IV 25d52.2%43.1%93.2%93.2%43.2%
Bid-Ask Spread %32.3212.8693.5056.5792.79
Gamma HHI0.580.390.790.790.39
Net GEX94.0K43.1K176.3K176.3K72.1K
Net DEX-2.2M-5.0M-177.5K-5.0M-1.9M
Net VEX-17.2K-29.1K-10.0K-29.1K-14.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.591.210.740.73
Total Volume1,923.4761,2682,5731,2952,184
Total OI16,010.42914,60917,37814,60916,176

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$11.71$11.0085.2%24.4%0.0%0.0%85.7%11.5%-30.1%176.3K-5.0M-29.1K0.7456.57N/AN/A74654913,656953
2018-11-02$11.53$11.0086.0%24.7%0.0%0.0%85.9%11.5%-30.0%169.5K-4.7M-28.2K0.7558.97N/AN/A72654213,696963
2018-11-05$11.34$12.00100.1%17.3%0.0%0.0%59.0%7.2%-8.7%159.7K-4.3M-26.6K0.9422.02N/AN/A75771513,713964
2018-11-06$11.42$12.00100.7%17.3%0.0%0.0%58.7%6.9%-7.3%161.2K-4.3M-26.6K1.1121.32N/AN/A1,1351,25913,7281,028
2018-11-07$9.45$11.0043.1%12.2%0.0%0.0%43.2%8.7%-0.2%43.1K-177.5K-10.0K1.1112.97N/AN/A1,2211,35214,1041,843
2018-11-08$9.94$11.0045.9%11.6%0.0%0.0%40.0%5.9%-1.0%67.0K-1.1M-12.9K1.1538.83N/AN/A1,1841,36714,6261,533
2018-11-09$10.03$11.0044.4%12.2%0.0%0.0%41.4%7.3%-0.3%65.3K-949.5K-14.3K0.8823.99N/AN/A1,1771,04014,7172,317
2018-11-12$10.10$11.0051.1%12.5%0.0%0.0%43.2%11.6%-3.9%65.6K-1.1M-14.6K0.9812.97N/AN/A1,0641,04414,8152,350
2018-11-13$10.30$11.0058.5%12.0%0.0%0.0%40.9%6.8%-1.9%77.7K-1.4M-15.7K0.9613.41N/AN/A1,0881,04714,8262,352
2018-11-14$10.47$11.0043.5%12.5%0.0%0.0%41.2%4.2%-0.8%89.0K-1.7M-16.3K1.0632.15N/AN/A1,0551,11614,8872,359
2018-11-15$10.59$11.0041.8%12.0%0.0%0.0%40.8%4.4%-1.2%90.5K-1.8M-16.4K1.1518.98N/AN/A9501,09714,8872,395
2018-11-16$10.65$11.0039.9%11.4%0.0%0.0%38.4%4.1%-0.8%96.3K-1.8M-17.0K1.2116.57N/AN/A8911,07614,8912,487
2018-11-19$10.27$11.0043.6%12.5%0.0%0.0%41.9%5.3%0.4%71.9K-1.7M-14.3K0.9215.45N/AN/A99992113,8541,601
2018-11-20$10.21$10.0047.3%13.5%0.0%0.0%43.5%13.1%-3.4%78.6K-1.9M-15.8K0.6812.86N/AN/A1,00768414,0511,601
2018-11-21$10.18$10.0043.8%12.6%0.0%0.0%38.3%8.8%-2.8%64.5K-1.5M-12.8K0.6615.98N/AN/A96564114,0521,646
2018-11-23$10.21$10.0044.9%12.9%0.0%0.0%41.8%9.3%-3.7%77.5K-1.8M-14.9K0.6934.42N/AN/A93164114,0411,653
2018-11-26$10.64$10.0040.7%11.7%0.0%0.0%35.6%15.6%-3.2%85.0K-2.1M-15.1K0.7026.48N/AN/A91764114,0351,653
2018-11-27$10.57$10.0041.4%11.9%0.0%0.0%37.5%13.5%-4.2%89.7K-2.1M-14.6K0.5935.16N/AN/A1,05962814,0661,653
2018-11-28$10.65$10.0039.4%11.3%0.0%0.0%41.7%10.5%-3.3%90.1K-2.1M-15.4K0.8623.32N/AN/A1,06290914,1851,723
2018-11-29$10.64$10.0040.4%11.6%0.0%0.0%44.8%-0.1%-2.7%82.9K-2.2M-15.7K0.8593.50N/AN/A1,08292414,1931,946
2018-11-30$10.53$10.0040.8%11.7%0.0%0.0%42.0%8.1%-3.5%72.1K-1.9M-14.3K0.7392.79N/AN/A1,26092414,2151,961