TRUE Options History — November 2019

In November 2019, TRUE traded between $3.47 and $5.37. ATM implied volatility averaged 82.7%. The 30-day expected move averaged 20.3%. Max pain ranged from $3.00 to $5.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 2.71.

Notable Days

  • 2019-11-08: Highest Volume — 3,040 contracts
  • 2019-11-08: Largest IV drop — 42.7% change
  • 2019-11-01: Largest Expected Move — 34.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.48$3.47$5.37$3.47$5.24
Max Pain$3.95$3.00$5.00$5.00$5.00
ATM IV82.7%52.6%146.5%120.6%62.8%
Expected Move20.3%15.1%34.6%34.6%18.0%
Term Structure-5.6%-17.0%4.5%-17.0%-4.3%
VWIV71.5%53.6%119.7%119.7%62.8%
Skew 25d7.3%-8.3%26.3%8.6%15.0%
Skew 10d12.2%-24.0%66.4%22.1%-8.5%
Call IV 25d64.7%42.5%112.2%112.2%42.5%
Put IV 25d71.9%45.5%120.8%120.8%57.5%
Bid-Ask Spread %50.3020.4678.6920.4654.57
Gamma HHI0.310.250.420.420.26
Net GEX3.8K-3.8K10.0K-3.8K3.7K
Net DEX-232.5K-866.3K270.5K270.5K-677.3K
Net VEX-2.3K-3.5K-2.0K-2.0K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.710.0120.330.565.42
Total Volume542.7503,0406971
Total OI7,688.656,2709,5086,8148,729

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$3.47$5.00120.6%34.6%0.0%0.0%119.7%8.6%-17.0%-3.8K270.5K-2.0K0.5620.46N/AN/A4462513,6443,170
2019-11-04$3.56$3.00146.5%26.1%0.0%0.0%91.3%4.6%-9.4%-2.9K176.4K-2.1K9.7132.17N/AN/A514953,9373,233
2019-11-05$3.61$3.00141.1%27.1%0.0%0.0%109.8%15.3%-13.2%-2.2K183.6K-2.0K1.5049.30N/AN/A48723,9553,074
2019-11-06$3.67$3.00143.4%26.9%0.0%0.0%87.3%13.1%-9.7%-2.0K151.2K-2.1K1.2245.58N/AN/A1972404,0033,168
2019-11-07$3.67$3.00141.0%24.3%0.0%0.0%87.2%14.0%-4.1%-2.2K166.3K-2.1K0.5730.34N/AN/A6713814,1363,406
2019-11-08$4.76$3.0080.9%19.7%0.0%0.0%70.0%26.3%-4.6%270-535.7K-2.5K0.3820.64N/AN/A2,1978434,3903,694
2019-11-11$4.79$4.0078.7%18.2%0.0%0.0%64.3%-3.6%-2.2%-1.3K-342.1K-2.6K0.1230.64N/AN/A9891184,8684,355
2019-11-12$4.54$4.0066.6%18.4%0.0%0.0%64.2%13.7%-5.0%5.5K-81.2K-2.3K0.7953.94N/AN/A3122485,1484,360
2019-11-13$4.49$4.0069.8%20.0%0.0%0.0%61.4%8.8%-16.3%6.9K-113.3K-2.2K0.1558.20N/AN/A138215,1744,268
2019-11-14$4.46$4.0066.4%19.0%0.0%0.0%63.6%9.5%-5.2%6.9K-84.8K-2.1K20.3368.42N/AN/A61225,1124,266
2019-11-15$4.62$4.0062.5%17.9%0.0%0.0%60.9%13.2%-9.2%7.8K-204.2K-2.0K2.4865.57N/AN/A731815,1134,132
2019-11-18$4.56$4.0065.1%18.7%0.0%0.0%65.4%7.4%-5.2%6.1K-256.2K-2.1K3.0052.26N/AN/A17514,1062,164
2019-11-19$4.52$4.0059.3%17.0%0.0%0.0%0.0%6.3%-2.9%5.8K-240.6K-2.0K0.0059.75N/AN/A004,1162,182
2019-11-20$4.55$4.0052.6%15.1%0.0%0.0%54.4%9.0%4.5%6.0K-234.9K-2.0K0.0778.69N/AN/A2724,1262,182
2019-11-21$4.65$4.0059.1%17.0%0.0%0.0%62.6%11.3%-3.5%6.3K-298.6K-2.0K0.0162.84N/AN/A8914,1102,182
2019-11-22$4.86$4.0058.7%16.8%0.0%0.0%58.3%-5.5%-1.3%8.5K-401.3K-2.0K1.1553.46N/AN/A13154,2062,182
2019-11-25$5.09$5.0056.5%16.2%0.0%0.0%53.6%-7.8%2.1%8.5K-539.9K-2.1K0.9853.35N/AN/A9219034,2032,189
2019-11-26$5.37$4.0056.3%16.1%0.0%0.0%56.8%-5.4%2.1%10.0K-866.3K-3.4K0.3253.81N/AN/A138445,1213,089
2019-11-27$5.17$5.0066.8%19.2%0.0%0.0%65.6%-8.3%-7.6%8.9K-721.9K-3.5K5.4262.01N/AN/A834505,1513,129
2019-11-29$5.24$5.0062.8%18.0%0.0%0.0%62.8%15.0%-4.3%3.7K-677.3K-3.5K0.0054.57N/AN/A015,1783,551