TRUE Options History — June 2020

In June 2020, TRUE traded between $2.50 and $3.21. ATM implied volatility averaged 116.6%. The 30-day expected move averaged 33.2%. Max pain ranged from $2.00 to $3.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.35.

Notable Days

  • 2020-06-10: Highest Volume — 3,714 contracts
  • 2020-06-29: Largest IV spike — 18.7% change
  • 2020-06-17: Largest Expected Move — 39.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.82$2.50$3.21$2.71$2.58
Max Pain$2.86$2.00$3.00$2.00$3.00
ATM IV116.6%101.8%136.6%111.0%120.4%
Expected Move33.2%27.8%39.1%31.8%34.5%
Term Structure-7.4%-33.6%4.4%0.8%-2.2%
VWIV118.3%89.3%140.8%110.5%120.7%
Skew 25d-19.5%-48.9%21.2%-23.7%-27.1%
Skew 10d-17.5%-122.8%58.3%0.1%-22.6%
Call IV 25d116.0%83.0%150.3%105.8%114.2%
Put IV 25d96.5%73.4%140.6%82.1%87.0%
Bid-Ask Spread %57.5013.84100.52100.5216.48
Gamma HHI0.630.500.710.600.50
Net GEX9.7K6.4K14.0K7.4K6.4K
Net DEX-419.4K-687.6K-216.4K-368.8K-216.4K
Net VEX-1.6K-2.1K-995-1.6K-995
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.001.730.250.38
Total Volume318.455203,7144536
Total OI6,342.5915,1757,8525,1756,389

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$2.71$2.00111.0%31.8%0.0%0.0%110.5%-23.7%0.8%7.4K-368.8K-1.6K0.25100.52N/AN/A3694,689486
2020-06-02$2.77$2.00106.9%30.7%0.0%0.0%107.1%-0.5%-1.2%7.9K-392.2K-1.6K0.0096.37N/AN/A2004,721480
2020-06-03$2.89$2.00104.8%30.1%0.0%0.0%102.9%-17.7%0.5%8.8K-438.2K-1.7K0.0499.05N/AN/A15774,723480
2020-06-04$2.78$3.00105.1%31.1%0.0%0.0%89.3%-29.7%-9.4%7.8K-382.0K-1.6K0.2893.61N/AN/A217614,846485
2020-06-05$2.92$3.00101.8%31.4%0.0%0.0%0.0%-26.8%-5.7%8.9K-456.1K-1.7K0.0288.28N/AN/A5014,843485
2020-06-08$2.95$3.00107.2%27.8%0.0%0.0%92.3%-12.5%4.4%9.1K-423.7K-1.5K0.0051.01N/AN/A7804,838485
2020-06-09$2.93$3.00120.4%29.2%0.0%0.0%106.7%-13.4%-6.0%9.5K-462.2K-1.6K0.0056.91N/AN/A3204,890485
2020-06-10$3.21$3.00121.7%34.9%0.0%0.0%140.1%-21.8%-6.4%10.8K-687.6K-2.0K0.1274.27N/AN/A3,3313834,920485
2020-06-11$2.92$3.00118.9%34.1%0.0%0.0%128.4%21.2%-6.3%14.0K-586.0K-2.1K0.2981.89N/AN/A4561337,211641
2020-06-12$2.94$3.00123.3%35.4%0.0%0.0%126.5%-27.7%-19.9%13.4K-594.3K-2.1K0.2851.43N/AN/A159457,090600
2020-06-15$2.86$3.00123.2%35.3%0.0%0.0%120.0%11.9%-11.2%12.5K-535.2K-1.8K1.1865.49N/AN/A55657,089607
2020-06-16$2.75$3.00129.2%37.0%0.0%0.0%124.6%-32.0%-20.9%10.1K-452.8K-1.7K1.7371.90N/AN/A671167,095599
2020-06-17$2.74$3.00136.6%39.1%0.0%0.0%133.5%-23.3%-33.6%10.2K-479.8K-1.7K0.1184.00N/AN/A7687,115528
2020-06-18$2.81$3.00125.2%35.9%0.0%0.0%123.5%-32.7%-22.5%10.5K-449.1K-1.7K0.4262.76N/AN/A60257,104530
2020-06-19$2.92$3.00111.3%31.9%0.0%0.0%120.7%-30.5%-10.2%12.1K-484.4K-1.6K0.1363.32N/AN/A444597,131515
2020-06-22$2.92$3.00113.0%32.4%0.0%0.0%112.6%10.5%4.1%11.4K-385.0K-1.5K0.0119.69N/AN/A10315,709374
2020-06-23$2.93$3.00111.1%31.9%0.0%0.0%124.4%-39.4%0.4%11.6K-395.4K-1.5K0.7027.09N/AN/A141995,707375
2020-06-24$2.69$3.00125.0%35.8%0.0%0.0%109.7%-8.2%-2.2%8.8K-297.1K-1.3K0.2315.91N/AN/A134315,707373
2020-06-25$2.71$3.00118.1%33.9%0.0%0.0%125.7%-32.3%3.6%8.7K-287.5K-1.2K1.4415.00N/AN/A41595,781396
2020-06-26$2.50$3.00105.1%30.1%0.0%0.0%140.8%-48.9%-16.7%6.7K-230.5K-1.1K0.0613.84N/AN/A6245,797452
2020-06-29$2.61$3.00124.8%35.8%0.0%0.0%123.7%-25.0%-1.8%7.0K-221.5K-1.0K0.0216.23N/AN/A14235,826455
2020-06-30$2.58$3.00120.4%34.5%0.0%0.0%120.7%-27.1%-2.2%6.4K-216.4K-9950.3816.48N/AN/A26105,935454