TRUE Options History — March 2019

In March 2019, TRUE traded between $6.34 and $7.38. ATM implied volatility averaged 40.2%. The 30-day expected move averaged 13.6%. Max pain ranged from $6.00 to $8.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.39.

Notable Days

  • 2019-03-18: Highest Volume — 1,534 contracts
  • 2019-03-11: Largest IV spike — 36.6% change
  • 2019-03-25: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.85$6.34$7.38$7.38$6.67
Max Pain$7.44$6.00$8.00$7.00$8.00
ATM IV40.2%34.6%50.7%44.0%34.6%
Expected Move13.6%10.4%16.1%12.6%15.0%
Term Structure8.8%-4.5%17.4%-4.5%17.4%
VWIV46.5%37.0%54.5%42.3%53.2%
Skew 25d6.5%-11.0%20.3%20.3%-4.6%
Skew 10d13.5%-14.3%40.3%16.2%-2.8%
Call IV 25d34.5%23.7%42.1%23.7%34.3%
Put IV 25d41.0%29.6%46.5%43.9%29.8%
Bid-Ask Spread %39.337.9687.2412.1887.24
Gamma HHI0.260.160.320.280.26
Net GEX-2.5K-12.6K19.7K19.7K-6.2K
Net DEX1.2M709.7K1.6M721.3K1.4M
Net VEX-11.9K-14.2K-10.3K-14.2K-11.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.096.250.150.09
Total Volume377.19551,53438499
Total OI16,085.47614,12316,77116,63215,579

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$7.38$7.0044.0%12.6%0.0%0.0%42.3%20.3%-4.5%19.7K721.3K-14.2K0.1512.18N/AN/A3354912,0814,551
2019-03-04$7.38$7.0037.5%10.7%0.0%0.0%37.9%1.7%6.2%19.0K709.7K-14.1K0.628.77N/AN/A342112,1354,555
2019-03-05$7.35$7.0043.9%12.6%0.0%0.0%40.8%2.2%2.9%16.2K795.1K-13.5K0.457.96N/AN/A472112,1494,546
2019-03-06$7.11$7.0044.2%12.7%0.0%0.0%43.8%3.2%7.9%4.0K1.0M-12.9K1.2611.87N/AN/A698712,1534,546
2019-03-07$6.99$7.0036.2%10.4%0.0%0.0%37.0%5.7%4.7%-1.5K1.1M-12.2K1.1117.10N/AN/A899912,1684,497
2019-03-08$6.93$7.0037.1%10.6%0.0%0.0%37.2%14.7%4.0%-3.8K1.2M-12.1K2.0015.24N/AN/A7515012,1504,495
2019-03-11$7.03$8.0050.7%12.9%0.0%0.0%49.1%6.1%3.9%-1.3K1.1M-12.1K0.5453.00N/AN/A633412,1504,556
2019-03-12$7.10$8.0038.9%13.1%0.0%0.0%39.7%4.2%6.5%5071.0M-12.5K6.2521.07N/AN/A3220012,2024,569
2019-03-13$6.88$8.0038.5%12.9%0.0%0.0%46.4%14.3%6.7%-3.6K1.2M-11.9K2.6314.57N/AN/A8021012,2294,516
2019-03-14$6.81$8.0040.1%12.8%0.0%0.0%45.4%15.9%4.7%-5.5K1.3M-11.5K0.4115.07N/AN/A783212,2514,458
2019-03-15$6.94$8.0038.2%13.0%0.0%0.0%43.8%-11.0%7.7%-6.7K1.3M-11.6K0.4214.28N/AN/A1164912,2414,462
2019-03-18$6.84$0.0037.9%15.0%0.0%0.0%0.0%13.7%14.5%-9.6K1.1M-11.4K0.8479.67N/AN/A83370110,0314,092
2019-03-19$6.76$0.0038.3%14.2%0.0%0.0%0.0%13.5%10.5%-6.8K1.4M-11.8K0.9951.84N/AN/A70970410,8054,698
2019-03-20$6.73$0.0035.4%14.9%0.0%0.0%53.0%5.3%15.5%-8.7K1.5M-11.4K0.9985.07N/AN/A70669910,8264,688
2019-03-21$6.80$6.0037.9%14.4%0.0%0.0%53.5%-1.8%12.8%-6.7K1.4M-12.0K6.0149.26N/AN/A11971510,8584,693
2019-03-22$6.55$6.0038.6%14.5%0.0%0.0%43.5%4.4%11.0%-8.7K1.5M-11.2K2.9542.20N/AN/A8424810,8934,702
2019-03-25$6.37$8.0045.6%16.1%0.0%0.0%54.1%3.2%12.7%-11.1K1.6M-10.4K1.0635.66N/AN/A323410,9274,695
2019-03-26$6.34$8.0041.0%15.7%0.0%0.0%53.7%19.0%13.9%-12.6K1.6M-10.3K0.2037.67N/AN/A651310,9514,577
2019-03-27$6.45$8.0043.7%15.8%0.0%0.0%54.1%5.2%12.3%-9.6K1.5M-10.6K0.1682.98N/AN/A771210,9774,576
2019-03-28$6.46$8.0041.4%16.0%0.0%0.0%54.5%1.5%13.4%-9.9K1.5M-10.6K0.1383.19N/AN/A891210,9894,578
2019-03-29$6.67$8.0034.6%15.0%0.0%0.0%53.2%-4.6%17.4%-6.2K1.4M-11.1K0.0987.24N/AN/A91811,0014,578