TRUE Options History — January 2019

In January 2019, TRUE traded between $9.07 and $9.64. ATM implied volatility averaged 50.0%. The 30-day expected move averaged 14.4%. Max pain ranged from $9.00 to $9.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 4.33.

Notable Days

  • 2019-01-18: Highest Volume — 1,064 contracts
  • 2019-01-22: Largest IV spike — 19.3% change
  • 2019-01-30: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.40$9.07$9.64$9.22$9.38
Max Pain$9.00$9.00$9.00$9.00$9.00
ATM IV50.0%44.3%57.0%47.7%51.5%
Expected Move14.4%12.7%16.3%13.7%15.6%
Term Structure0.4%-7.2%3.2%1.1%-7.2%
VWIV48.6%28.2%55.2%44.4%50.7%
Skew 25d6.7%-1.9%21.4%0.9%11.2%
Skew 10d7.5%-14.2%32.9%1.6%32.9%
Call IV 25d43.5%32.1%50.3%44.7%48.8%
Put IV 25d50.2%43.8%60.0%45.6%60.0%
Bid-Ask Spread %85.6678.1292.9980.5178.12
Gamma HHI0.330.230.410.410.25
Net GEX34.7K14.3K54.8K20.3K44.7K
Net DEX-760.3K-1.1M-509.2K-731.8K-543.6K
Net VEX-5.6K-6.8K-4.2K-5.9K-5.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.330.0219.050.022.08
Total Volume268.571271,064223219
Total OI12,764.4767,97816,19715,2708,727

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$9.22$9.0047.7%13.7%0.0%0.0%44.4%0.9%1.1%20.3K-731.8K-5.9K0.0280.51N/AN/A218514,1151,155
2019-01-03$9.07$9.0051.2%14.5%0.0%0.0%28.2%12.3%-0.7%14.3K-548.0K-4.9K0.1082.39N/AN/A2192114,1601,156
2019-01-04$9.19$9.0048.0%14.2%0.0%0.0%45.9%3.0%-0.0%19.0K-720.2K-5.4K0.1386.45N/AN/A2222814,1601,119
2019-01-07$9.27$9.0050.4%14.5%0.0%0.0%46.9%6.8%-0.6%19.0K-738.1K-5.2K0.2082.44N/AN/A501014,1681,119
2019-01-08$9.49$9.0046.6%14.2%0.0%0.0%48.5%21.4%0.3%22.5K-851.6K-5.3K0.3580.89N/AN/A20714,2181,109
2019-01-09$9.61$9.0045.9%13.1%0.0%0.0%47.4%2.1%1.1%27.8K-998.8K-5.9K0.3490.11N/AN/A732514,2181,106
2019-01-10$9.61$9.0046.3%13.3%0.0%0.0%48.1%11.9%2.6%28.3K-987.8K-5.8K1.3782.45N/AN/A192614,2691,110
2019-01-11$9.57$9.0045.7%13.1%0.0%0.0%45.3%4.9%2.6%26.4K-920.1K-5.2K0.6781.20N/AN/A392614,2691,110
2019-01-14$9.45$9.0049.4%14.2%0.0%0.0%49.3%15.5%0.1%22.4K-791.7K-4.7K0.0085.91N/AN/A05014,2891,106
2019-01-15$9.53$9.0044.3%12.7%0.0%0.0%48.5%4.4%3.2%24.4K-789.0K-4.7K0.0085.32N/AN/A05514,2891,156
2019-01-16$9.44$9.0049.0%14.1%0.0%0.0%49.8%15.8%0.7%20.1K-694.6K-4.2K0.0086.28N/AN/A06214,2891,154
2019-01-17$9.56$9.0046.0%13.2%0.0%0.0%44.8%7.4%1.9%27.3K-830.0K-4.8K0.0892.99N/AN/A7565814,2891,155
2019-01-18$9.64$9.0045.3%13.0%0.0%0.0%51.2%2.0%0.5%54.3K-1.1M-5.5K0.0590.66N/AN/A1,0095515,0451,152
2019-01-22$9.39$9.0054.1%15.5%0.0%0.0%53.5%6.4%0.7%54.8K-770.6K-6.3K19.0590.53N/AN/A214007,741237
2019-01-23$9.27$9.0054.5%15.6%0.0%0.0%51.8%9.9%2.9%50.6K-685.3K-6.7K12.1286.73N/AN/A334007,750637
2019-01-24$9.30$9.0054.2%15.5%0.0%0.0%53.1%1.1%-0.9%51.4K-685.1K-6.8K13.3389.33N/AN/A334407,756657
2019-01-25$9.40$9.0056.1%16.1%0.0%0.0%55.2%7.8%-1.0%54.6K-736.9K-6.6K12.3886.15N/AN/A374587,757666
2019-01-28$9.35$9.0052.0%14.9%0.0%0.0%50.2%-0.9%1.9%54.0K-680.7K-6.2K10.3680.99N/AN/A111147,770666
2019-01-29$9.34$9.0054.1%15.5%0.0%0.0%52.8%-1.9%2.4%49.9K-665.7K-6.4K3.6988.70N/AN/A391447,781738
2019-01-30$9.27$9.0057.0%16.3%0.0%0.0%54.1%-1.3%-3.6%41.7K-509.2K-5.9K1.6290.79N/AN/A911477,809877
2019-01-31$9.38$9.0051.5%15.6%0.0%0.0%50.7%11.2%-7.2%44.7K-543.6K-5.8K2.0878.12N/AN/A711487,847880