TRUE Options History — February 2019

In February 2019, TRUE traded between $7.17 and $10.36. ATM implied volatility averaged 51.7%. The 30-day expected move averaged 14.4%. Max pain ranged from $7.00 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 4.55.

Notable Days

  • 2019-02-15: Highest Volume — 5,035 contracts
  • 2019-02-05: Largest IV spike — 83.0% change
  • 2019-02-14: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.85$7.17$10.36$9.55$7.17
Max Pain$8.37$7.00$10.00$9.00$7.00
ATM IV51.7%38.7%89.1%46.4%39.5%
Expected Move14.4%11.1%19.1%14.7%11.3%
Term Structure-6.2%-14.2%0.2%-6.3%-0.8%
VWIV50.7%37.4%66.2%54.3%37.4%
Skew 25d6.8%-3.6%10.9%8.1%9.1%
Skew 10d15.7%-7.5%35.2%19.8%11.6%
Call IV 25d47.3%29.1%60.6%49.5%29.1%
Put IV 25d54.1%36.1%67.9%57.6%38.3%
Bid-Ask Spread %63.269.6077.9876.4463.37
Gamma HHI0.300.150.480.260.15
Net GEX52.9K4.6K75.8K54.9K8.3K
Net DEX-656.2K-1.6M1.2M-669.0K961.0K
Net VEX-7.7K-13.8K-3.3K-6.4K-13.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.550.0749.000.090.10
Total Volume1,058.263235,035385666
Total OI11,162.8958,74516,5938,74516,593

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$9.55$9.0046.4%14.7%0.0%0.0%54.3%8.1%-6.3%54.9K-669.0K-6.4K0.0976.44N/AN/A352337,848897
2019-02-04$9.72$9.0048.7%14.9%0.0%0.0%57.7%8.3%-6.0%70.1K-973.7K-7.1K2.3076.54N/AN/A10238,146904
2019-02-05$9.94$9.0089.1%15.4%0.0%0.0%59.7%6.6%-7.5%66.0K-1.2M-8.3K5.0072.07N/AN/A211058,155923
2019-02-06$10.11$9.0055.7%16.0%0.0%0.0%0.0%7.4%-8.1%70.7K-1.4M-8.6K1.3072.46N/AN/A10138,166951
2019-02-07$9.88$9.0056.2%16.1%0.0%0.0%0.0%8.9%-8.2%63.2K-1.2M-8.1K0.2677.47N/AN/A2368,156951
2019-02-08$9.86$9.0057.0%16.3%0.0%0.0%0.0%7.8%-9.5%65.6K-1.2M-8.1K9.6777.98N/AN/A3298,173954
2019-02-11$9.89$9.0057.4%16.5%0.0%0.0%62.5%10.9%-9.8%64.0K-1.2M-7.8K49.0074.86N/AN/A2988,176977
2019-02-12$10.10$9.0060.9%17.4%0.0%0.0%63.4%8.1%-13.1%68.0K-1.3M-8.0K4.1577.45N/AN/A271128,1781,035
2019-02-13$10.01$9.0061.2%17.6%0.0%0.0%61.5%9.3%-13.6%65.3K-1.2M-7.8K2.3873.29N/AN/A551318,1941,068
2019-02-14$10.36$9.0066.6%19.1%0.0%0.0%66.2%7.4%-14.2%75.8K-1.6M-8.5K1.0560.74N/AN/A8659078,2451,097
2019-02-15$7.77$10.0053.6%15.4%0.0%0.0%52.8%1.1%-8.4%4.6K1.2M-3.3K0.3664.31N/AN/A3,7151,3209,1802,251
2019-02-19$7.70$8.0046.5%13.3%0.0%0.0%47.2%1.9%-5.1%43.2K-515.2K-5.6K0.0712.63N/AN/A9766410,5431,212
2019-02-20$8.18$8.0040.8%11.7%0.0%0.0%40.3%-3.6%-1.7%66.0K-1.1M-7.0K0.409.60N/AN/A82433011,1111,239
2019-02-21$7.61$8.0039.8%11.4%0.0%0.0%40.8%8.5%-2.0%49.3K-385.9K-5.8K0.2163.40N/AN/A86618111,2911,428
2019-02-22$7.69$7.0038.7%11.1%0.0%0.0%40.2%10.3%0.2%52.2K-617.3K-6.5K0.6963.22N/AN/A39627411,5061,546
2019-02-25$7.62$7.0041.8%12.0%0.0%0.0%40.0%6.5%-1.7%50.9K-475.6K-6.0K0.3969.41N/AN/A1194611,6021,608
2019-02-26$7.52$7.0038.9%11.1%0.0%0.0%44.7%7.7%-1.3%46.8K-337.9K-5.7K4.5260.27N/AN/A6803,07511,6241,617
2019-02-27$7.39$7.0043.9%12.6%0.0%0.0%42.8%4.3%-1.5%19.8K786.9K-13.8K4.4856.41N/AN/A6843,06611,9844,566
2019-02-28$7.17$7.0039.5%11.3%0.0%0.0%37.4%9.1%-0.8%8.3K961.0K-13.4K0.1063.37N/AN/A6036312,0234,570