TRUE Options History — July 2020

In July 2020, TRUE traded between $2.56 and $3.85. ATM implied volatility averaged 118.0%. 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 2 of 22 days. Put/call ratio averaged 0.27.

Notable Days

  • 2020-07-30: Highest Volume — 8,699 contracts
  • 2020-07-30: Largest IV spike — 77.2% change
  • 2020-07-30: Largest Expected Move — 53.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.99$2.56$3.85$2.62$3.74
Max Pain$2.09$2.00$3.00$3.00$2.00
ATM IV118.0%92.0%187.7%118.1%173.8%
Expected Move33.2%24.4%53.8%33.9%49.8%
Term Structure-8.3%-35.8%6.9%-0.5%-19.7%
VWIV117.6%92.8%190.4%118.1%175.2%
Skew 25d-4.9%-30.5%46.3%-29.7%-30.5%
Skew 10d8.0%-50.5%80.5%-43.6%-42.3%
Call IV 25d115.2%71.7%191.7%120.6%191.7%
Put IV 25d110.2%75.3%183.0%90.9%161.2%
Bid-Ask Spread %52.4526.4087.9682.8332.02
Gamma HHI0.460.310.690.480.31
Net GEX5.6K2.2K21.1K6.4K21.1K
Net DEX-324.7K-1.3M-171.3K-218.2K-1.3M
Net VEX-948-3.5K-649-941-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.001.500.140.02
Total Volume591.682118,699331,964
Total OI4,726.0451,8018,2556,4198,255

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$2.62$3.00118.1%33.9%0.0%0.0%118.1%-29.7%-0.5%6.4K-218.2K-9410.1482.83N/AN/A2945,960459
2020-07-02$2.56$3.00111.9%32.1%0.0%0.0%111.8%0.0%0.6%5.4K-191.3K-8520.0083.00N/AN/A3605,969459
2020-07-06$2.81$2.00107.6%31.0%0.0%0.0%131.2%-14.7%-3.1%6.9K-240.2K-8530.5186.39N/AN/A2261166,006459
2020-07-07$2.97$2.00120.4%24.4%0.0%0.0%105.8%-15.4%-0.5%11.5K-359.3K-1.1K0.2787.96N/AN/A148406,049458
2020-07-08$3.03$2.00119.0%33.7%0.0%0.0%117.5%6.7%-9.1%11.3K-360.3K-1.0K0.0163.12N/AN/A11116,050486
2020-07-09$2.85$2.00131.0%33.9%0.0%0.0%117.6%5.6%-12.2%7.9K-282.1K-9071.5041.62N/AN/A30456,054486
2020-07-10$2.88$2.00111.0%35.2%0.0%0.0%114.9%13.5%-13.2%6.2K-260.9K-8270.1457.40N/AN/A69106,055486
2020-07-13$2.81$2.00143.5%34.8%0.0%0.0%117.9%-3.2%-15.5%6.3K-256.6K-7620.6843.20N/AN/A28196,092476
2020-07-14$2.75$2.00103.4%32.2%0.0%0.0%112.3%-6.0%-4.6%2.2K-171.3K-6490.1061.94N/AN/A2936,094477
2020-07-15$2.98$2.00115.9%33.2%0.0%0.0%117.5%19.9%-11.8%4.7K-278.6K-7210.7334.03N/AN/A3092256,113473
2020-07-16$3.00$2.00113.8%32.6%0.0%0.0%114.5%-17.7%-2.3%5.7K-272.4K-7780.0128.71N/AN/A11416,103578
2020-07-17$2.93$2.00112.9%32.4%0.0%0.0%114.0%46.3%-7.9%2.5K-205.4K-8140.4643.30N/AN/A50236,200577
2020-07-20$2.98$2.00106.7%30.6%0.0%0.0%107.5%-21.2%-8.6%2.6K-272.8K-8000.2434.66N/AN/A84201,508293
2020-07-21$2.92$2.0094.6%27.1%0.0%0.0%99.5%-23.4%6.9%2.7K-268.2K-8160.2227.15N/AN/A921,572313
2020-07-22$2.95$2.0092.0%26.4%0.0%0.0%92.8%-29.1%-7.3%2.8K-272.4K-8120.4826.40N/AN/A23111,577323
2020-07-23$2.93$2.00101.2%29.0%0.0%0.0%101.2%4.0%-5.1%2.8K-265.8K-8210.0053.33N/AN/A2701,591328
2020-07-24$2.89$2.0099.9%28.6%0.0%0.0%100.0%5.8%-1.9%2.9K-259.3K-7860.0541.52N/AN/A318161,586328
2020-07-27$2.92$2.00117.0%33.5%0.0%0.0%115.8%10.8%-15.4%2.8K-254.3K-7520.2748.99N/AN/A2261,544328
2020-07-28$3.06$2.00108.9%31.2%0.0%0.0%106.8%-12.1%-9.0%2.9K-292.2K-7660.0063.54N/AN/A9801,566329
2020-07-29$3.31$2.00105.9%30.4%0.0%0.0%104.8%-4.8%-6.2%3.1K-344.3K-7770.0880.35N/AN/A4841,607329
2020-07-30$3.85$2.00187.7%53.8%0.0%0.0%190.4%-8.4%-35.8%2.5K-473.6K-8550.0132.39N/AN/A8,5841151,646331
2020-07-31$3.74$2.00173.8%49.8%0.0%0.0%175.2%-30.5%-19.7%21.1K-1.3M-3.5K0.0232.02N/AN/A1,933317,840415