TRUE Options History — September 2019

In September 2019, TRUE traded between $3.40 and $4.39. ATM implied volatility averaged 60.9%. The 30-day expected move averaged 17.9%. Max pain ranged from $4.00 to $5.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 27.93.

Notable Days

  • 2019-09-16: Highest Volume — 3,610 contracts
  • 2019-09-11: Largest IV spike — 64.7% change
  • 2019-09-23: Largest Expected Move — 24.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.88$3.40$4.39$3.86$3.42
Max Pain$4.65$4.00$5.00$4.00$5.00
ATM IV60.9%32.1%84.3%41.4%67.3%
Expected Move17.9%11.3%24.2%11.9%19.3%
Term Structure3.2%-10.1%19.1%0.4%16.4%
VWIV63.0%37.1%88.4%41.4%60.6%
Skew 25d5.9%-27.0%26.3%12.5%-1.5%
Skew 10d15.1%-28.6%67.7%17.3%24.7%
Call IV 25d54.5%28.1%82.3%44.1%58.0%
Put IV 25d60.4%40.5%89.1%56.6%56.4%
Bid-Ask Spread %66.7230.00100.4989.4974.54
Gamma HHI0.580.290.880.340.56
Net GEX-26.2K-73.7K7.6K4.0K-43.6K
Net DEX1.0M-263.8K2.2M-48.7K2.1M
Net VEX-3.6K-5.6K-1.9K-2.0K-3.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio27.930.00232.501.121.79
Total Volume978.8463,610208219
Total OI12,463.657,61116,3157,61116,253

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$3.86$4.0041.4%11.9%0.0%0.0%41.4%12.5%0.4%4.0K-48.7K-2.0K1.1289.49N/AN/A981106,6061,005
2019-09-04$3.92$4.0043.3%12.4%0.0%0.0%43.4%-14.8%-0.4%1.8K-23.9K-1.9K0.00100.49N/AN/A12706,5681,105
2019-09-05$4.12$4.0039.8%12.0%0.0%0.0%41.6%6.0%6.5%3.0K-142.0K-2.1K0.1391.85N/AN/A102136,6251,105
2019-09-06$4.12$4.0032.1%11.3%0.0%0.0%47.7%13.5%11.0%2.8K-146.3K-2.2K8.3338.95N/AN/A151256,5741,103
2019-09-09$4.39$4.0032.5%12.3%0.0%0.0%37.1%15.3%10.1%7.3K-261.2K-2.3K0.0097.72N/AN/A11606,5651,193
2019-09-10$4.29$4.0034.7%13.1%0.0%0.0%0.0%18.2%4.1%6.0K-238.3K-2.4K0.0039.40N/AN/A0466,5711,193
2019-09-11$4.31$4.0057.1%16.4%0.0%0.0%56.1%26.3%1.6%7.6K-263.8K-2.7K53.3030.00N/AN/A603,1986,5711,223
2019-09-12$4.27$5.0064.8%18.6%0.0%0.0%63.0%6.6%-5.4%-13.4K228.7K-4.2K6.6071.06N/AN/A2881,9006,6214,058
2019-09-13$4.34$5.0065.5%18.8%0.0%0.0%65.6%7.2%-1.6%-32.8K529.7K-4.9K14.4294.46N/AN/A527506,4966,292
2019-09-16$4.06$5.0078.9%22.6%0.0%0.0%79.0%5.4%-10.1%-39.9K968.9K-5.0K11.5881.83N/AN/A2873,3236,4687,026
2019-09-17$3.98$5.0067.5%19.3%0.0%0.0%67.5%10.1%2.4%-73.7K1.6M-5.6K1.4695.58N/AN/A2723966,2809,629
2019-09-18$3.78$5.0073.2%21.0%0.0%0.0%73.2%-9.1%-6.1%-61.4K1.9M-4.9K232.5094.09N/AN/A49306,5219,433
2019-09-19$3.69$5.0065.7%18.8%0.0%0.0%73.5%16.8%0.3%-43.3K2.2M-4.6K10.2254.31N/AN/A1651,6866,5219,496
2019-09-20$3.69$5.0070.8%20.3%0.0%0.0%51.9%-10.3%-6.6%-45.1K1.9M-4.6K56.9030.65N/AN/A211,1956,5869,379
2019-09-23$3.47$5.0084.3%24.2%0.0%0.0%76.2%10.0%-5.0%-38.7K1.8M-4.0K5.7840.92N/AN/A2321,3406,3688,913
2019-09-24$3.40$5.0075.9%21.8%0.0%0.0%80.9%-5.5%15.9%-37.7K2.1M-3.6K56.5533.99N/AN/A116226,2399,499
2019-09-25$3.57$5.0075.4%21.6%0.0%0.0%72.5%17.2%12.5%-42.3K1.9M-4.1K4.2366.78N/AN/A482036,2489,264
2019-09-26$3.52$5.0075.0%21.5%0.0%0.0%88.4%20.8%19.1%-40.1K1.8M-3.8K37.7734.11N/AN/A351,3226,2469,115
2019-09-27$3.45$5.0073.5%21.1%0.0%0.0%76.7%-27.0%-0.9%-43.8K2.0M-3.8K1.7974.20N/AN/A951706,21610,099
2019-09-30$3.42$5.0067.3%19.3%0.0%0.0%60.6%-1.5%16.4%-43.6K2.1M-3.1K0.0074.54N/AN/A02196,21110,042