TRUE Options History — August 2019

In August 2019, TRUE traded between $3.44 and $5.31. ATM implied volatility averaged 63.0%. The 30-day expected move averaged 14.4%. Max pain ranged from $4.00 to $5.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 6.09.

Notable Days

  • 2019-08-09: Highest Volume — 2,341 contracts
  • 2019-08-14: Largest IV drop — 34.0% change
  • 2019-08-01: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.10$3.44$5.31$5.31$3.94
Max Pain$4.29$4.00$5.00$5.00$4.00
ATM IV63.0%37.1%114.6%81.4%37.6%
Expected Move14.4%10.6%23.3%23.3%10.8%
Term Structure-3.2%-24.6%11.4%-24.6%5.3%
VWIV50.8%33.2%82.0%81.2%37.5%
Skew 25d-3.9%-17.2%7.8%3.8%-13.2%
Skew 10d-0.5%-30.2%62.0%-11.2%-25.3%
Call IV 25d52.0%39.1%84.3%73.0%50.8%
Put IV 25d48.1%33.7%79.3%76.8%37.5%
Bid-Ask Spread %69.718.39102.1691.0590.08
Gamma HHI0.340.280.430.400.30
Net GEX5.7K-36511.8K9.2K6.5K
Net DEX501.4K-92.8K1.5M964.0K-92.8K
Net VEX-3.1K-6.5K-1.0K-6.5K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.090.0053.000.4510.00
Total Volume334.18202,34158110
Total OI8,815.7277,33011,9399,0767,521

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$5.31$5.0081.4%23.3%0.0%0.0%81.2%3.8%-24.6%9.2K964.0K-6.5K0.4591.05N/AN/A40185,2133,863
2019-08-02$5.31$5.0081.1%23.2%0.0%0.0%82.0%-4.9%-24.0%9.8K954.2K-6.5K0.4078.46N/AN/A525,2403,867
2019-08-05$5.15$0.00101.8%18.9%0.0%0.0%66.8%7.1%-10.4%8.4K1.0M-6.0K0.1478.38N/AN/A132195,2403,868
2019-08-06$4.88$5.00106.4%17.6%0.0%0.0%0.0%-0.9%-9.2%6.5K1.2M-5.0K0.0476.91N/AN/A15665,2703,884
2019-08-07$4.80$5.00107.3%17.2%0.0%0.0%71.6%7.8%-5.1%7.2K1.1M-5.0K0.2879.34N/AN/A268755,4043,889
2019-08-08$4.84$5.00114.6%16.3%0.0%0.0%61.3%4.0%-2.0%8.1K1.1M-5.0K2.6180.44N/AN/A2576705,6673,961
2019-08-09$3.44$5.0075.9%13.0%0.0%0.0%35.8%1.8%11.4%-3651.5M-1.0K0.5694.37N/AN/A1,5048376,0484,624
2019-08-12$3.80$4.0094.5%15.7%0.0%0.0%53.1%-0.8%-6.9%2.7K1.1M-3.1K0.4466.35N/AN/A9584246,9774,440
2019-08-13$3.85$4.0072.3%14.6%0.0%0.0%40.7%1.8%-2.5%11.8K1.0M-2.8K1.5780.79N/AN/A2013157,5434,264
2019-08-14$3.81$4.0047.7%13.7%0.0%0.0%47.7%-3.6%-1.3%8.3K1.2M-2.4K10.7087.33N/AN/A202147,5784,361
2019-08-15$3.73$4.0049.0%14.1%0.0%0.0%47.7%-8.0%-1.3%5.0K85.6K-2.0K1.1385.57N/AN/A1812047,5661,265
2019-08-16$3.83$4.0041.4%11.9%0.0%0.0%0.0%-1.5%-0.2%5.3K8.7K-2.1K0.9118.66N/AN/A11107,6701,165
2019-08-19$3.75$4.0043.5%12.5%0.0%0.0%43.5%-4.4%0.0%5.0K-43.1K-1.9K53.0018.56N/AN/A1536,496834
2019-08-20$3.70$4.0041.9%12.0%0.0%0.0%0.0%-5.2%-0.4%4.1K-19.1K-1.9K0.009.31N/AN/A016,497869
2019-08-21$3.72$4.0040.1%11.5%0.0%0.0%39.9%-6.1%0.9%4.3K-30.7K-1.9K2.0310.95N/AN/A741506,497868
2019-08-22$3.71$4.0043.3%12.4%0.0%0.0%0.0%-7.3%0.2%3.4K3.3K-2.0K0.008.39N/AN/A006,5691,038
2019-08-23$3.59$4.0041.2%11.8%0.0%0.0%33.2%-17.2%-3.9%3.4K25.2K-1.9K31.0095.04N/AN/A1316,5691,038
2019-08-26$3.66$4.0040.3%11.5%0.0%0.0%45.9%-12.2%2.6%3.1K23.7K-2.0K0.0095.58N/AN/A306,5601,067
2019-08-27$3.74$4.0044.9%12.9%0.0%0.0%44.7%-7.6%-4.4%2.6K19.9K-2.0K5.5194.31N/AN/A553036,5631,067
2019-08-28$3.81$4.0043.3%12.4%0.0%0.0%43.9%-6.5%-0.5%5.5K-48.0K-2.0K0.0591.48N/AN/A2116,598904
2019-08-29$3.91$4.0037.1%10.6%0.0%0.0%37.4%-12.4%5.3%6.2K-75.7K-2.0K0.91102.16N/AN/A11106,619905
2019-08-30$3.94$4.0037.6%10.8%0.0%0.0%37.5%-13.2%5.3%6.5K-92.8K-2.1K10.0090.08N/AN/A101006,616905