TRUE Options History — October 2020

In October 2020, TRUE traded between $4.35 and $5.43. ATM implied volatility averaged 105.7%. The 30-day expected move averaged 32.0%. Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.12.

Notable Days

  • 2020-10-09: Highest Volume — 11,289 contracts
  • 2020-10-09: Largest IV spike — 48.5% change
  • 2020-10-30: Largest Expected Move — 38.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.91$4.35$5.43$5.10$4.35
Max Pain$4.82$4.00$5.00$4.00$5.00
ATM IV105.7%69.3%132.9%81.8%132.9%
Expected Move32.0%22.4%38.1%23.4%38.1%
Term Structure-5.4%-26.0%20.8%11.6%-16.3%
VWIV113.6%78.0%140.3%82.4%135.3%
Skew 25d-4.8%-13.2%6.2%-12.9%1.4%
Skew 10d-5.7%-43.2%71.7%-22.9%13.5%
Call IV 25d116.4%80.3%143.3%85.0%134.9%
Put IV 25d111.6%72.1%136.2%72.1%136.2%
Bid-Ask Spread %25.4414.4950.5923.5820.72
Gamma HHI0.530.380.820.600.42
Net GEX101.2K38.9K273.9K97.2K38.9K
Net DEX-3.0M-5.1M-1.6M-2.8M-1.6M
Net VEX-7.3K-9.1K-5.9K-5.9K-6.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.000.560.000.08
Total Volume1,32111511,2891,134186
Total OI16,213.95512,54024,14312,54014,245

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$5.10$4.0081.8%23.4%0.0%0.0%82.4%-12.9%11.6%97.2K-2.8M-5.9K0.0023.58N/AN/A1,131311,760780
2020-10-02$5.12$4.0078.0%22.4%0.0%0.0%78.0%-8.1%20.8%113.0K-3.2M-6.4K0.0143.02N/AN/A576612,780782
2020-10-05$5.18$4.0082.2%27.8%0.0%0.0%96.8%-7.6%-1.2%125.0K-3.6M-6.2K0.0126.44N/AN/A1,0181013,302787
2020-10-06$5.05$4.0082.6%27.6%0.0%0.0%98.2%-1.5%-5.5%129.1K-3.2M-6.1K0.1126.17N/AN/A5936313,656792
2020-10-07$5.18$5.0074.9%26.9%0.0%0.0%95.0%-1.9%-2.8%152.8K-3.9M-6.5K0.0250.59N/AN/A374914,588852
2020-10-08$5.43$5.0069.3%26.8%0.0%0.0%95.9%-4.5%-8.4%162.6K-4.8M-6.0K0.0732.19N/AN/A1,1538414,519855
2020-10-09$5.26$5.00102.9%37.7%0.0%0.0%140.3%-9.7%-26.0%132.1K-4.5M-7.0K0.1121.51N/AN/A10,1761,11315,332812
2020-10-12$5.08$5.0099.6%34.5%0.0%0.0%116.6%-7.6%-6.6%178.0K-4.4M-9.1K0.0331.30N/AN/A3,78712220,2491,864
2020-10-13$4.97$5.0096.3%30.3%0.0%0.0%116.3%-0.5%-6.4%195.9K-4.0M-8.8K0.0635.54N/AN/A1,0526320,8211,933
2020-10-14$4.77$5.00108.8%31.2%0.0%0.0%114.4%-11.6%-0.9%171.5K-2.9M-8.0K0.0836.47N/AN/A6175020,9421,962
2020-10-15$5.15$5.00112.3%32.2%0.0%0.0%114.5%-6.2%-4.7%273.9K-5.1M-8.3K0.0417.46N/AN/A2,73510421,0311,952
2020-10-16$4.95$5.00110.2%31.6%0.0%0.0%111.0%-5.6%-0.4%50.6K-2.3M-8.0K0.5617.99N/AN/A63935622,1471,996
2020-10-19$4.89$5.00113.7%32.6%0.0%0.0%116.3%-3.9%-4.9%47.4K-2.4M-8.1K0.0418.95N/AN/A2551112,0221,647
2020-10-20$4.73$5.00114.0%32.7%0.0%0.0%114.9%-4.2%0.0%45.0K-2.1M-7.5K0.1918.01N/AN/A3206211,9881,639
2020-10-21$4.73$5.00118.7%34.0%0.0%0.0%117.7%-3.7%-2.4%44.7K-2.2M-7.7K0.1214.49N/AN/A4185212,1601,700
2020-10-22$4.94$5.00118.8%34.1%0.0%0.0%119.8%-1.4%-5.4%49.5K-2.6M-8.3K0.0416.47N/AN/A7152812,4491,736
2020-10-23$4.89$5.00116.7%33.5%0.0%0.0%113.3%-6.4%-6.3%49.2K-2.4M-7.9K0.1718.17N/AN/A1422412,3421,750
2020-10-26$4.68$5.00124.7%35.7%0.0%0.0%126.8%2.3%-7.9%44.6K-2.1M-7.3K0.1517.10N/AN/A3164712,3121,765
2020-10-27$4.49$5.00126.9%36.4%0.0%0.0%133.9%-13.2%-14.2%40.6K-1.9M-6.9K0.1119.83N/AN/A2372712,3221,777
2020-10-28$4.58$5.00129.4%37.1%0.0%0.0%131.7%-5.1%-16.2%43.0K-2.0M-7.1K0.5327.25N/AN/A754012,3831,790
2020-10-29$4.57$5.00131.7%37.8%0.0%0.0%129.3%6.2%-14.7%42.6K-1.9M-6.8K0.0126.48N/AN/A271212,3791,807
2020-10-30$4.35$5.00132.9%38.1%0.0%0.0%135.3%1.4%-16.3%38.9K-1.6M-6.3K0.0820.72N/AN/A1731312,4401,805