TRUE Options History — December 2019

In December 2019, TRUE traded between $4.60 and $5.18. ATM implied volatility averaged 55.6%. The 30-day expected move averaged 15.8%. Max pain ranged from $5.00 to $5.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.63.

Notable Days

  • 2019-12-16: Highest Volume — 756 contracts
  • 2019-12-30: Largest IV spike — 36.1% change
  • 2019-12-02: Largest Expected Move — 20.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.87$4.60$5.18$4.95$4.74
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV55.6%38.5%70.8%70.8%60.7%
Expected Move15.8%11.1%20.3%20.3%17.4%
Term Structure13.0%-7.0%44.6%-5.1%13.2%
VWIV53.1%36.7%69.4%69.4%60.4%
Skew 25d6.5%-13.9%25.3%-4.1%-6.5%
Skew 10d7.0%-25.2%37.0%-16.9%-6.9%
Call IV 25d46.3%28.9%60.1%58.2%58.1%
Put IV 25d52.7%40.2%68.2%54.1%51.5%
Bid-Ask Spread %73.4453.0689.1753.0675.87
Gamma HHI0.380.260.740.260.28
Net GEX-1.5K-37.4K9.0K2.7K8.2K
Net DEX-268.3K-705.1K138.1K-406.9K-189.1K
Net VEX-2.5K-3.4K-1.6K-3.4K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.630.0117.040.931.60
Total Volume108.571575619739
Total OI8,561.9527,6989,1958,7307,726

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$4.95$5.0070.8%20.3%0.0%0.0%69.4%-4.1%-5.1%2.7K-406.9K-3.4K0.9353.06N/AN/A102955,1783,552
2019-12-03$4.90$5.0067.0%19.2%0.0%0.0%67.0%-8.2%-7.0%1.2K-328.2K-3.3K0.0468.25N/AN/A2715,1793,622
2019-12-04$4.90$5.0062.2%17.8%0.0%0.0%52.5%-6.5%0.0%597-344.3K-3.3K6.3860.86N/AN/A8515,1823,621
2019-12-05$4.83$5.0061.6%15.8%0.0%0.0%36.7%18.3%12.6%369-213.4K-3.1K1.5076.47N/AN/A465,1833,668
2019-12-06$4.85$5.0061.2%17.6%0.0%0.0%68.9%19.3%4.7%-258-228.4K-3.1K5.5089.17N/AN/A2115,1833,674
2019-12-09$4.87$5.0064.3%15.5%0.0%0.0%54.1%20.1%13.8%-1.1K-263.9K-2.9K9.5079.54N/AN/A2195,1843,684
2019-12-10$4.79$5.0054.6%17.3%0.0%0.0%0.0%21.5%9.0%-1.5K-167.5K-2.9K0.0076.95N/AN/A0135,1843,702
2019-12-11$4.88$5.0055.4%15.9%0.0%0.0%0.0%21.0%14.9%-3.4K-245.9K-2.8K0.0075.87N/AN/A075,1843,711
2019-12-12$4.93$5.0060.2%17.3%0.0%0.0%46.9%25.3%10.5%-5.3K-306.7K-2.9K0.3273.98N/AN/A44145,1843,710
2019-12-13$5.05$5.0056.4%16.2%0.0%0.0%56.4%25.0%9.0%-9.6K-438.3K-2.8K0.0171.95N/AN/A7515,1953,714
2019-12-16$5.11$5.0051.6%14.8%0.0%0.0%49.8%19.0%11.2%-6.3K-534.3K-2.6K0.0575.97N/AN/A721355,2653,713
2019-12-17$5.03$5.0047.0%13.5%0.0%0.0%47.0%7.9%11.9%-17.3K-399.3K-2.5K0.1575.62N/AN/A2745,2443,744
2019-12-18$5.18$5.0049.3%14.1%0.0%0.0%45.0%-5.9%13.6%-10.6K-705.1K-2.4K0.0772.90N/AN/A10375,2433,710
2019-12-19$4.99$5.0057.6%16.5%0.0%0.0%48.8%7.5%2.6%-37.4K-400.3K-2.4K3.0069.55N/AN/A812435,2323,715
2019-12-20$4.78$5.0048.5%13.9%0.0%0.0%48.6%-3.3%10.7%8.2K138.1K-2.1K17.0468.32N/AN/A233925,2323,963
2019-12-23$4.77$5.0045.6%13.1%0.0%0.0%45.7%0.7%32.8%7.7K-218.8K-2.0K0.6273.78N/AN/A1384,9302,768
2019-12-24$4.72$5.0050.1%14.4%0.0%0.0%49.0%-6.8%21.8%9.0K-137.6K-1.8K0.0071.95N/AN/A054,9312,768
2019-12-26$4.60$5.0052.7%15.1%0.0%0.0%56.9%-13.9%22.0%8.1K-50.4K-1.7K0.1980.39N/AN/A2654,9312,768
2019-12-27$4.62$5.0038.5%11.1%0.0%0.0%0.0%7.4%44.6%7.4K-32.1K-1.6K0.0476.11N/AN/A2514,9342,765
2019-12-30$4.76$5.0052.5%15.0%0.0%0.0%52.7%-1.8%26.5%7.6K-162.6K-1.9K0.3875.69N/AN/A29114,9602,765
2019-12-31$4.74$5.0060.7%17.4%0.0%0.0%60.4%-6.5%13.2%8.2K-189.1K-1.7K1.6075.87N/AN/A15244,9592,767