TRUE Options History — July 2019

In July 2019, TRUE traded between $5.06 and $5.52. ATM implied volatility averaged 57.4%. The 30-day expected move averaged 17.7%. Max pain ranged from $5.00 to $7.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 2.24.

Notable Days

  • 2019-07-05: Highest Volume — 1,951 contracts
  • 2019-07-10: Largest IV spike — 108.4% change
  • 2019-07-26: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.28$5.06$5.52$5.52$5.11
Max Pain$5.18$5.00$7.00$7.00$5.00
ATM IV57.4%24.9%77.1%33.1%76.4%
Expected Move17.7%8.9%22.1%9.5%21.9%
Term Structure-10.5%-22.4%28.6%28.6%-18.9%
VWIV55.9%27.1%76.5%45.9%76.5%
Skew 25d0.4%-12.6%14.4%12.8%14.0%
Skew 10d5.1%-10.5%27.1%13.5%23.8%
Call IV 25d57.9%20.5%82.7%20.5%82.7%
Put IV 25d58.3%23.6%96.7%33.2%96.7%
Bid-Ask Spread %62.6912.30104.2678.30104.26
Gamma HHI0.420.340.470.350.40
Net GEX8.3K-51213.2K-37.8K
Net DEX1.0M813.9K1.3M1.2M1.1M
Net VEX-6.6K-8.3K-5.8K-6.8K-5.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.240.0024.940.010.55
Total Volume163.36481,95122334
Total OI10,829.1369,03712,68310,6829,076

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$5.52$7.0033.1%9.5%0.0%0.0%45.9%12.8%28.6%-31.2M-6.8K0.0178.30N/AN/A22126,8093,873
2019-07-02$5.48$6.0036.0%10.3%0.0%0.0%27.1%-1.0%4.3%4211.3M-6.2K0.0582.10N/AN/A232126,7423,822
2019-07-03$5.43$6.0031.0%8.9%0.0%0.0%29.4%3.9%26.1%-5121.2M-6.0K0.0982.25N/AN/A232206,7523,832
2019-07-05$5.52$5.0024.9%16.7%0.0%0.0%58.7%14.4%-8.4%3131.2M-6.1K0.0174.45N/AN/A1,934176,7523,831
2019-07-08$5.37$5.0031.4%17.8%0.0%0.0%0.0%6.3%-12.2%12.4K887.3K-7.6K0.0075.91N/AN/A1408,4153,831
2019-07-09$5.35$5.0029.6%17.3%0.0%0.0%0.0%-0.6%-9.6%12.4K943.3K-7.5K0.9268.22N/AN/A12118,4253,831
2019-07-10$5.43$5.0061.6%17.7%0.0%0.0%35.8%8.6%-16.8%13.2K813.9K-8.3K2.5776.16N/AN/A7188,4153,831
2019-07-11$5.34$5.0062.0%17.8%0.0%0.0%38.7%-0.3%-11.6%12.5K898.8K-7.5K2.8675.39N/AN/A7208,4183,830
2019-07-12$5.36$5.0062.5%17.9%0.0%0.0%39.0%3.3%-14.3%12.7K918.0K-7.5K2.8667.09N/AN/A7208,4183,830
2019-07-15$5.27$5.0065.4%18.7%0.0%0.0%61.7%-0.3%-16.3%11.5K1.0M-6.7K3.5067.82N/AN/A278,4173,830
2019-07-16$5.26$5.0062.1%17.8%0.0%0.0%62.9%-3.9%-13.7%11.4K980.0K-6.8K4.0075.68N/AN/A7288,4173,825
2019-07-17$5.20$5.0064.8%18.6%0.0%0.0%63.9%-10.9%-17.3%10.2K1.0M-6.7K24.9475.74N/AN/A174248,4223,843
2019-07-18$5.17$5.0068.9%19.8%0.0%0.0%66.1%-8.6%-22.4%5.8K1.1M-6.7K0.7612.30N/AN/A33258,4374,240
2019-07-19$5.18$5.0060.6%17.4%0.0%0.0%59.7%-3.7%-14.0%9.5K1.1M-6.3K0.4278.88N/AN/A53228,4424,241
2019-07-22$5.06$5.0061.7%17.7%0.0%0.0%0.0%-12.6%-8.0%7.3K1.1M-5.9K0.0919.58N/AN/A1115,1933,844
2019-07-23$5.16$5.0065.5%18.8%0.0%0.0%0.0%-3.7%-13.5%9.3K1.1M-6.1K0.0932.10N/AN/A1115,2043,845
2019-07-24$5.22$5.0066.3%19.0%0.0%0.0%67.0%-2.0%-13.8%10.3K1.1M-5.8K0.9433.68N/AN/A16155,2043,845
2019-07-25$5.14$5.0071.4%20.5%0.0%0.0%72.0%-7.9%-16.6%9.6K1.1M-6.0K1.0038.69N/AN/A16165,2093,847
2019-07-26$5.29$5.0077.1%22.1%0.0%0.0%72.2%10.0%-21.3%9.8K943.6K-7.0K0.2193.89N/AN/A2865,2093,848
2019-07-29$5.12$5.0076.6%22.0%0.0%0.0%0.0%-1.7%-20.9%8.3K1.0M-6.3K0.0033.23N/AN/A085,2193,850
2019-07-30$5.10$5.0074.1%21.2%0.0%0.0%74.5%-8.2%-20.8%7.9K1.1M-6.2K1.2533.50N/AN/A12155,2193,858
2019-07-31$5.11$5.0076.4%21.9%0.0%0.0%76.5%14.0%-18.9%7.8K1.1M-5.9K0.55104.26N/AN/A22125,2133,863