TRUE Options History — August 2020

In August 2020, TRUE traded between $4.00 and $5.51. ATM implied volatility averaged 105.3%. The 30-day expected move averaged 29.4%. Max pain ranged from $2.00 to $4.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.41.

Notable Days

  • 2020-08-07: Highest Volume — 9,753 contracts
  • 2020-08-05: Largest IV drop — 19.2% change
  • 2020-08-03: Largest Expected Move — 51.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.89$4.00$5.51$4.00$4.77
Max Pain$3.62$2.00$4.00$2.00$4.00
ATM IV105.3%78.7%177.7%177.7%87.6%
Expected Move29.4%22.6%51.0%51.0%25.1%
Term Structure-8.6%-32.2%4.8%-32.2%-5.5%
VWIV103.6%79.6%181.4%181.4%92.8%
Skew 25d-3.2%-39.5%32.0%-6.4%1.4%
Skew 10d1.7%-71.5%33.5%-23.9%12.1%
Call IV 25d104.1%56.0%187.0%187.0%90.8%
Put IV 25d100.9%58.1%180.6%180.6%92.1%
Bid-Ask Spread %37.0318.7472.7436.5731.05
Gamma HHI0.560.310.950.320.57
Net GEX106.0K27.9K546.9K27.9K47.2K
Net DEX-4.0M-6.2M-1.8M-1.8M-2.1M
Net VEX-6.8K-9.8K-4.0K-4.0K-6.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.012.120.011.08
Total Volume1,393.571439,753941345
Total OI15,520.2869,70421,9669,70410,417

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$4.00$2.00177.7%51.0%0.0%0.0%181.4%-6.4%-32.2%27.9K-1.8M-4.0K0.0136.57N/AN/A93299,277427
2020-08-04$4.20$2.00173.8%49.8%0.0%0.0%160.6%-18.1%-31.7%34.5K-2.1M-4.6K0.0339.27N/AN/A1,6294110,097432
2020-08-05$4.09$2.00140.5%40.3%0.0%0.0%143.1%-39.5%-12.9%41.8K-2.1M-4.5K0.1772.74N/AN/A4056910,771447
2020-08-06$4.30$3.00145.0%35.7%0.0%0.0%126.1%-5.7%-19.9%48.1K-2.5M-4.9K0.1846.07N/AN/A95517011,052515
2020-08-07$5.51$3.00134.2%35.4%0.0%0.0%123.2%3.2%-9.7%50.4K-4.7M-5.2K0.1732.43N/AN/A8,3531,40011,448652
2020-08-10$5.46$4.00119.5%28.9%0.0%0.0%103.5%-3.3%-10.2%69.8K-5.1M-5.5K0.0621.90N/AN/A7,72942713,4811,388
2020-08-11$5.08$4.00104.5%27.7%0.0%0.0%99.6%-5.3%-5.0%104.8K-5.7M-9.8K0.1227.79N/AN/A2,27627519,2121,482
2020-08-12$5.07$4.00100.0%28.7%0.0%0.0%99.3%2.1%-11.6%117.0K-5.7M-9.7K0.1524.34N/AN/A5768520,5531,413
2020-08-13$5.12$4.00100.7%28.9%0.0%0.0%98.8%5.8%-11.9%119.8K-5.9M-9.1K0.1918.74N/AN/A69113220,2171,409
2020-08-14$5.11$4.0094.0%27.0%0.0%0.0%94.1%-2.0%-9.6%120.9K-6.0M-9.0K0.0932.59N/AN/A4814420,3071,442
2020-08-17$5.16$4.0089.3%25.6%0.0%0.0%89.5%3.9%-9.6%133.9K-6.2M-8.6K0.6628.99N/AN/A704620,4931,430
2020-08-18$5.10$4.0080.8%23.1%0.0%0.0%79.6%6.5%-2.5%169.0K-5.9M-8.2K0.1042.41N/AN/A6116320,4791,432
2020-08-19$4.88$4.0081.5%23.4%0.0%0.0%81.4%-1.3%4.8%152.7K-5.0M-7.4K0.2345.80N/AN/A1733920,1231,421
2020-08-20$4.97$4.0084.8%24.3%0.0%0.0%85.7%6.5%-3.0%195.5K-5.3M-7.3K2.1240.75N/AN/A14330320,1541,411
2020-08-21$4.96$4.0086.4%24.8%0.0%0.0%89.0%6.2%-5.8%546.9K-4.8M-6.9K0.3051.19N/AN/A1053220,1731,427
2020-08-24$5.12$4.0085.0%24.4%0.0%0.0%89.5%-13.3%-7.0%49.5K-2.7M-6.8K0.1625.54N/AN/A97169,402713
2020-08-25$5.15$4.0081.2%23.3%0.0%0.0%81.3%6.6%-2.3%51.1K-2.7M-6.7K0.1340.75N/AN/A3859,393718
2020-08-26$4.81$4.0082.8%23.7%0.0%0.0%81.3%-27.7%0.1%47.1K-2.2M-6.4K1.8463.11N/AN/A50929,412718
2020-08-27$4.89$4.0082.3%23.6%0.0%0.0%85.0%32.0%1.7%47.8K-2.3M-6.4K0.7919.82N/AN/A1761399,439733
2020-08-28$4.94$4.0078.7%22.6%0.0%0.0%89.7%-18.3%3.5%50.1K-2.4M-6.5K0.0535.81N/AN/A4129,566850
2020-08-31$4.77$4.0087.6%25.1%0.0%0.0%92.8%1.4%-5.5%47.2K-2.1M-6.1K1.0831.05N/AN/A1661799,565852