TRUE Options History — April 2019

In April 2019, TRUE traded between $6.05 and $6.63. ATM implied volatility averaged 56.6%. The 30-day expected move averaged 18.5%. Max pain ranged from $6.00 to $8.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.16.

Notable Days

  • 2019-04-29: Highest Volume — 14,376 contracts
  • 2019-04-10: Largest IV spike — 72.8% change
  • 2019-04-30: Largest Expected Move — 28.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.38$6.05$6.63$6.58$6.41
Max Pain$6.95$6.00$8.00$8.00$7.00
ATM IV56.6%25.3%97.7%34.3%97.7%
Expected Move18.5%15.4%28.0%15.7%28.0%
Term Structure-12.5%-37.2%32.8%14.0%-37.2%
VWIV60.4%30.2%94.4%30.2%94.4%
Skew 25d8.7%-9.9%19.9%-9.9%11.8%
Skew 10d18.1%-11.3%39.4%11.0%29.9%
Call IV 25d56.6%22.6%89.4%39.3%89.4%
Put IV 25d65.3%29.4%101.1%29.4%101.1%
Bid-Ask Spread %63.0720.2486.0578.6821.09
Gamma HHI0.400.260.880.270.88
Net GEX51-14.6K152.0K-7.4K152.0K
Net DEX1.1M-2.2M1.5M1.4M-2.2M
Net VEX-10.4K-18.1K-8.9K-10.5K-18.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.160.0016.0016.000.35
Total Volume1,157.476514,376682,301
Total OI13,969.3818,70921,63615,48521,636

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$6.58$8.0034.3%15.7%0.0%0.0%30.2%-9.9%14.0%-7.4K1.4M-10.5K16.0078.68N/AN/A46411,0074,478
2019-04-02$6.58$8.0026.9%15.9%0.0%0.0%34.5%7.1%32.8%-8.3K1.4M-10.5K2.2183.29N/AN/A296411,0114,472
2019-04-03$6.62$8.0042.9%16.2%0.0%0.0%56.0%5.2%-9.2%-7.3K1.4M-11.0K0.1384.97N/AN/A84211111,0034,472
2019-04-04$6.61$8.0034.9%15.4%0.0%0.0%44.0%4.0%-8.9%-6.8K1.4M-11.0K0.1385.63N/AN/A86911411,1484,487
2019-04-05$6.63$7.0025.3%15.4%0.0%0.0%44.2%7.8%-9.4%-4.2K1.4M-10.9K0.1384.05N/AN/A88111411,1734,489
2019-04-08$6.60$7.0027.7%15.4%0.0%0.0%0.0%5.3%-9.8%-4.9K1.4M-10.4K0.0081.95N/AN/A5011,1884,489
2019-04-09$6.46$7.0033.2%17.9%0.0%0.0%0.0%11.4%-13.8%-10.2K1.4M-10.3K1.1784.80N/AN/A6711,1884,489
2019-04-10$6.52$7.0057.4%16.5%0.0%0.0%0.0%-0.4%-11.0%-8.4K1.4M-10.3K1.1783.74N/AN/A6711,1894,493
2019-04-11$6.40$7.0062.3%17.8%0.0%0.0%60.6%19.9%-14.8%-12.6K1.5M-9.6K0.7684.47N/AN/A725511,1934,493
2019-04-12$6.43$7.0064.0%18.4%0.0%0.0%60.6%12.1%-14.4%-10.5K1.4M-10.2K0.9782.88N/AN/A797711,2634,513
2019-04-15$6.35$7.0067.4%19.3%0.0%0.0%68.3%17.5%-20.6%-13.9K1.5M-9.6K13.6674.73N/AN/A4460111,2834,491
2019-04-16$6.30$7.0064.1%18.4%0.0%0.0%60.6%15.6%-15.8%-14.6K1.3M-9.2K4.7685.70N/AN/A12760411,3164,068
2019-04-17$6.33$7.0065.1%18.7%0.0%0.0%63.6%15.4%-16.1%-13.7K1.2M-9.5K1.6386.05N/AN/A43370511,5724,100
2019-04-18$6.24$7.0061.7%17.7%0.0%0.0%58.7%11.2%-16.7%-4.5K1.2M-10.0K1.5984.74N/AN/A44871311,7504,162
2019-04-22$6.16$7.0068.0%19.5%0.0%0.0%67.4%10.4%-16.9%-4.1K1.1M-9.8K0.0021.10N/AN/A3505,1493,560
2019-04-23$6.09$6.0066.6%19.1%0.0%0.0%66.3%7.7%-13.3%-4.2K1.1M-9.2K0.1028.74N/AN/A7885,1813,561
2019-04-24$6.05$6.0066.3%19.0%0.0%0.0%64.7%8.3%-15.7%-4.5K1.2M-8.9K0.1022.36N/AN/A113115,2253,557
2019-04-25$6.07$6.0067.4%19.3%0.0%0.0%63.3%13.7%-16.2%-4.3K1.1M-9.1K0.2622.09N/AN/A121315,2553,565
2019-04-26$6.13$6.0070.7%20.3%0.0%0.0%64.4%16.7%-20.9%-4.4K1.1M-9.3K0.2623.11N/AN/A121315,2663,581
2019-04-29$6.41$6.0084.9%24.3%0.0%0.0%84.8%-7.9%-28.0%-2.1K873.5K-10.9K0.0120.24N/AN/A14,298785,2623,579
2019-04-30$6.41$7.0097.7%28.0%0.0%0.0%94.4%11.8%-37.2%152.0K-2.2M-18.1K0.3521.09N/AN/A1,69960217,9823,654