TRUE Options History — February 2020

In February 2020, TRUE traded between $2.59 and $3.94. ATM implied volatility averaged 96.9%. The 30-day expected move averaged 25.9%. Max pain ranged from $2.00 to $4.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.33.

Notable Days

  • 2020-02-20: Highest Volume — 1,688 contracts
  • 2020-02-21: Largest IV drop — 35.9% change
  • 2020-02-20: Largest Expected Move — 34.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.52$2.59$3.94$3.67$2.59
Max Pain$2.89$2.00$4.00$4.00$3.00
ATM IV96.9%76.1%126.2%93.4%91.1%
Expected Move25.9%21.8%34.0%26.8%26.1%
Term Structure-13.9%-23.9%-3.5%-10.6%-6.2%
VWIV92.0%75.4%118.6%92.7%101.6%
Skew 25d16.0%-0.6%30.1%23.5%26.9%
Skew 10d36.8%6.2%143.2%37.0%31.7%
Call IV 25d76.6%60.1%115.2%61.5%78.2%
Put IV 25d92.6%80.0%130.9%85.0%105.1%
Bid-Ask Spread %75.5029.3697.2688.1197.26
Gamma HHI0.320.240.520.260.25
Net GEX3.0K1.7K7.0K2.2K2.2K
Net DEX-99.6K-250.1K-17.2K-72.0K-85.0K
Net VEX-841-1.3K-619-619-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.006.330.130.31
Total Volume317.57911,68845119
Total OI2,236.3681,3754,2341,3754,234

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$3.67$4.0093.4%26.8%0.0%0.0%92.7%23.5%-10.6%2.2K-72.0K-6190.1388.11N/AN/A4051,098277
2020-02-04$3.74$4.00100.5%28.8%0.0%0.0%100.5%15.4%-19.7%2.5K-88.9K-6610.0094.99N/AN/A101,134282
2020-02-05$3.83$4.00105.5%30.2%0.0%0.0%105.5%2.8%-22.9%2.6K-100.5K-6790.0566.69N/AN/A5831,134282
2020-02-06$3.94$3.00101.1%23.8%0.0%0.0%82.8%1.2%-18.9%2.9K-114.9K-7080.0061.07N/AN/A3001,145283
2020-02-07$3.82$2.00103.2%22.9%0.0%0.0%0.0%4.2%-11.5%2.7K-102.2K-6900.0085.75N/AN/A101,148283
2020-02-10$3.75$2.00124.8%25.2%0.0%0.0%0.0%30.1%-16.0%2.5K-92.2K-6430.3872.58N/AN/A55211,149283
2020-02-11$3.67$2.00126.2%23.6%0.0%0.0%0.0%29.5%-16.6%2.4K-90.1K-6530.0085.40N/AN/A5601,199304
2020-02-12$3.86$2.0087.4%25.1%0.0%0.0%0.0%25.7%-20.3%2.6K-117.3K-6990.0085.76N/AN/A11601,187304
2020-02-13$3.72$2.0082.5%23.6%0.0%0.0%0.0%17.8%-13.5%2.7K-107.7K-7450.0494.80N/AN/A7131,288304
2020-02-14$3.73$2.0083.6%24.0%0.0%0.0%86.3%22.2%-13.6%2.8K-118.4K-7756.3348.65N/AN/A3191,328304
2020-02-18$3.72$2.0086.6%24.8%0.0%0.0%86.0%24.2%-18.2%3.0K-119.6K-7500.1676.02N/AN/A159251,349306
2020-02-19$3.81$2.0093.9%26.9%0.0%0.0%99.5%-0.6%-15.2%3.6K-153.7K-8770.0374.47N/AN/A595171,491323
2020-02-20$3.91$3.00118.7%34.0%0.0%0.0%118.6%15.7%-23.9%7.0K-250.1K-1.2K0.2774.35N/AN/A1,3343542,062345
2020-02-21$3.41$4.0076.1%21.8%0.0%0.0%76.5%-0.5%-4.6%5.2K-71.0K-1.1K0.7874.21N/AN/A8126363,252776
2020-02-24$3.24$4.0086.2%24.7%0.0%0.0%78.3%11.9%-10.6%4.1K-104.9K-1.1K1.7384.60N/AN/A33572,433648
2020-02-25$2.98$4.0094.2%27.0%0.0%0.0%75.4%22.6%-4.8%3.0K-58.6K-1.0K5.4657.80N/AN/A1881,0272,450646
2020-02-26$2.85$3.0092.8%26.6%0.0%0.0%89.0%19.1%-12.8%2.0K-28.8K-8913.5429.36N/AN/A26922,3741,349
2020-02-27$2.69$3.0093.7%26.9%0.0%0.0%95.0%12.2%-3.5%1.7K-17.2K-8616.0982.66N/AN/A11672,3961,341
2020-02-28$2.59$3.0091.1%26.1%0.0%0.0%101.6%26.9%-6.2%2.2K-85.0K-1.3K0.3197.26N/AN/A91282,8901,344