TRUE Options History — May 2019

In May 2019, TRUE traded between $6.12 and $7.12. ATM implied volatility averaged 58.9%. The 30-day expected move averaged 14.2%. Max pain ranged from $6.00 to $6.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.17.

Notable Days

  • 2019-05-06: Highest Volume — 5,656 contracts
  • 2019-05-10: Largest IV drop — 56.0% change
  • 2019-05-01: Largest Expected Move — 27.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.58$6.12$7.12$6.44$6.49
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV58.9%34.4%110.3%96.5%38.0%
Expected Move14.2%9.9%27.7%27.7%10.9%
Term Structure-5.3%-36.4%8.8%-35.3%8.8%
VWIV49.8%31.9%96.3%95.6%31.9%
Skew 25d3.9%-3.2%15.5%9.5%3.5%
Skew 10d9.9%-8.9%49.1%37.8%-0.1%
Call IV 25d47.9%27.4%94.2%93.5%40.0%
Put IV 25d51.8%35.5%103.1%103.0%43.4%
Bid-Ask Spread %23.9612.0971.7041.5519.20
Gamma HHI0.610.400.860.850.42
Net GEX78.0K18.8K197.3K158.6K24.1K
Net DEX-609.1K-4.5M1.1M-2.6M698.2K
Net VEX-13.8K-20.6K-10.0K-19.0K-10.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.000.750.340.07
Total Volume983.54505,6561,184196
Total OI16,569.63611,46123,41323,34111,570

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$6.44$6.0096.5%27.7%0.0%0.0%95.6%9.5%-35.3%158.6K-2.6M-19.0K0.3441.55N/AN/A88629819,0934,248
2019-05-02$6.66$6.0094.3%27.0%0.0%0.0%96.3%8.9%-36.4%176.1K-3.3M-19.9K0.0228.76N/AN/A8951619,1284,285
2019-05-03$6.99$6.0089.3%25.6%0.0%0.0%89.4%3.6%-32.7%192.1K-4.5M-20.6K0.1725.35N/AN/A1,43623918,9354,286
2019-05-06$7.01$6.0095.4%14.8%0.0%0.0%54.0%7.0%-6.1%197.3K-4.5M-19.8K0.0012.11N/AN/A5,6352118,7654,494
2019-05-07$6.93$6.00100.3%15.8%0.0%0.0%55.7%5.0%-7.7%129.3K-2.6M-17.6K0.0416.70N/AN/A7903314,6594,498
2019-05-08$6.98$6.00105.6%16.0%0.0%0.0%56.4%7.3%-7.2%132.3K-2.9M-17.7K0.0113.72N/AN/A5,5813514,8304,500
2019-05-09$7.12$6.00110.3%15.9%0.0%0.0%56.0%0.9%-10.4%107.0K-2.7M-17.2K0.3022.95N/AN/A1,04831213,2024,527
2019-05-10$6.12$6.0048.5%11.1%0.0%0.0%37.6%-3.2%-1.1%46.5K1.1M-10.0K0.3771.70N/AN/A87632813,8074,770
2019-05-13$6.52$6.0039.4%12.0%0.0%0.0%42.3%8.0%-5.2%86.8K324.1K-12.2K0.3116.53N/AN/A45414213,8074,770
2019-05-14$6.61$6.0044.9%10.7%0.0%0.0%38.3%-1.4%1.5%157.5K-45.9K-13.5K0.2417.51N/AN/A83319713,8764,739
2019-05-15$6.51$6.0039.6%11.4%0.0%0.0%40.4%4.8%-3.7%58.4K435.8K-12.1K0.0517.84N/AN/A4201913,8484,741
2019-05-16$6.42$6.0039.8%11.4%0.0%0.0%35.8%4.1%-0.4%55.7K548.1K-11.8K0.0617.62N/AN/A2631713,8964,735
2019-05-17$6.58$6.0034.4%9.9%0.0%0.0%34.5%5.7%2.5%26.0K503.1K-12.4K0.0817.81N/AN/A2492113,8154,730
2019-05-20$6.40$6.0040.3%11.6%0.0%0.0%41.7%-2.6%1.6%19.8K734.1K-11.4K0.7513.56N/AN/A437,5323,929
2019-05-21$6.47$6.0037.0%10.6%0.0%0.0%36.5%0.8%4.8%22.6K695.5K-11.4K0.1322.25N/AN/A4567,5363,929
2019-05-22$6.41$6.0037.6%10.8%0.0%0.0%38.4%-1.8%1.5%21.7K729.8K-11.2K0.3821.91N/AN/A1667,5703,928
2019-05-23$6.39$6.0042.4%12.2%0.0%0.0%36.7%6.3%1.3%20.6K736.7K-11.2K0.1429.81N/AN/A4367,5703,928
2019-05-24$6.46$6.0037.0%10.6%0.0%0.0%35.5%2.3%8.4%23.4K707.1K-11.2K0.1422.25N/AN/A3657,5703,924
2019-05-28$6.40$6.0039.1%11.2%0.0%0.0%0.0%-1.2%1.0%20.1K829.7K-10.7K0.0050.45N/AN/A007,5903,924
2019-05-29$6.41$6.0043.0%12.3%0.0%0.0%0.0%2.1%-0.0%21.5K754.0K-10.8K0.0015.42N/AN/A5207,5903,924
2019-05-30$6.35$6.0043.6%12.5%0.0%0.0%43.7%15.5%-2.4%18.8K859.1K-10.2K0.0112.09N/AN/A17517,6103,924
2019-05-31$6.49$6.0038.0%10.9%0.0%0.0%31.9%3.5%8.8%24.1K698.2K-10.9K0.0719.20N/AN/A184127,6453,925