TRUE Options History — June 2019

In June 2019, TRUE traded between $5.19 and $5.60. ATM implied volatility averaged 42.7%. The 30-day expected move averaged 12.6%. Max pain ranged from $6.00 to $7.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2019-06-03: Highest Volume — 1,030 contracts
  • 2019-06-07: Largest IV drop — 43.1% change
  • 2019-06-03: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.37$5.19$5.60$5.33$5.46
Max Pain$6.85$6.00$7.00$6.00$7.00
ATM IV42.7%28.1%55.5%55.5%46.5%
Expected Move12.6%11.1%15.9%15.9%13.3%
Term Structure5.4%-9.1%16.9%-9.1%9.8%
VWIV39.1%25.7%49.7%41.1%37.7%
Skew 25d10.2%-3.3%22.0%21.1%21.8%
Skew 10d29.9%-5.0%74.8%28.0%59.7%
Call IV 25d35.3%23.2%44.7%36.6%23.2%
Put IV 25d45.5%39.9%57.7%57.7%45.0%
Bid-Ask Spread %78.9517.4588.5357.1781.69
Gamma HHI0.330.310.350.350.34
Net GEX-1.1K-4.4K1.7K-787244
Net DEX1.4M1.3M1.4M1.4M1.3M
Net VEX-6.3K-7.0K-5.5K-6.3K-6.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.002.130.750.24
Total Volume299.5511,0301,03067
Total OI11,976.2510,59112,88411,63010,639

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$5.33$6.0055.5%15.9%0.0%0.0%41.1%21.1%-9.1%-7871.4M-6.3K0.7557.17N/AN/A5884427,6953,935
2019-06-04$5.28$6.0048.7%14.0%0.0%0.0%48.5%16.8%-3.2%-3501.4M-6.9K1.1117.45N/AN/A3033368,1164,259
2019-06-05$5.30$6.0050.1%14.4%0.0%0.0%49.7%21.3%-3.9%5101.4M-6.3K1.8479.87N/AN/A1823348,2134,171
2019-06-06$5.27$7.0049.3%13.0%0.0%0.0%45.1%-3.3%4.2%-1.3K1.4M-6.3K2.1383.14N/AN/A1763758,2204,275
2019-06-07$5.51$7.0028.1%12.0%0.0%0.0%42.3%9.5%4.6%-2391.4M-7.0K1.2280.50N/AN/A1962398,2224,224
2019-06-10$5.42$7.0038.0%13.1%0.0%0.0%39.1%5.1%2.6%-1.6K1.4M-6.9K0.0081.96N/AN/A508,2404,221
2019-06-11$5.28$7.0035.6%12.4%0.0%0.0%42.5%-2.0%1.8%-2.2K1.4M-6.3K0.6481.25N/AN/A1178,2404,221
2019-06-12$5.54$7.0038.6%11.1%0.0%0.0%38.5%4.5%7.0%-1401.4M-6.7K0.3688.53N/AN/A91338,2414,206
2019-06-13$5.60$7.0040.0%11.5%0.0%0.0%39.8%3.6%5.0%1.7K1.4M-6.8K0.3685.74N/AN/A91338,1784,197
2019-06-14$5.51$7.0039.3%11.3%0.0%0.0%39.5%3.6%5.8%-1.2K1.4M-6.6K0.3788.33N/AN/A92348,1784,197
2019-06-17$5.38$7.0044.3%12.7%0.0%0.0%0.0%1.6%5.9%-4.4K1.4M-6.0K0.0085.15N/AN/A7508,1794,198
2019-06-18$5.43$7.0044.1%12.7%0.0%0.0%0.0%2.6%2.3%-3.1K1.4M-6.1K0.2087.21N/AN/A104218,2544,197
2019-06-19$5.39$7.0042.2%12.1%0.0%0.0%38.0%1.5%7.9%-4.1K1.4M-6.6K0.1087.51N/AN/A495518,2584,197
2019-06-20$5.32$7.0039.9%11.5%0.0%0.0%25.7%11.9%9.3%-2.4K1.4M-6.0K0.0983.49N/AN/A581528,6514,167
2019-06-21$5.31$7.0044.6%12.8%0.0%0.0%45.2%14.9%4.0%-1.3K1.4M-6.0K0.3981.60N/AN/A5922318,7164,168
2019-06-24$5.32$7.0043.0%12.3%0.0%0.0%27.4%13.5%13.8%-3521.3M-5.7K0.0078.89N/AN/A016,7333,859
2019-06-25$5.29$7.0041.9%12.0%0.0%0.0%31.7%12.7%16.9%-4321.3M-5.7K0.0287.82N/AN/A4316,7333,858
2019-06-26$5.22$7.0042.7%12.2%0.0%0.0%30.8%22.0%12.2%-3041.4M-5.5K0.0881.04N/AN/A3636,7763,858
2019-06-27$5.19$7.0042.0%12.0%0.0%0.0%40.4%21.7%10.2%-4031.4M-5.5K0.9480.61N/AN/A36346,7773,858
2019-06-28$5.46$7.0046.5%13.3%0.0%0.0%37.7%21.8%9.8%2441.3M-6.2K0.2481.69N/AN/A54136,7773,862