TRUE Options History — November 2020

In November 2020, TRUE traded between $3.71 and $5.02. ATM implied volatility averaged 97.4%. The 30-day expected move averaged 27.3%. Max pain ranged from $4.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.54.

Notable Days

  • 2020-11-09: Highest Volume — 3,277 contracts
  • 2020-11-06: Largest IV drop — 25.0% change
  • 2020-11-04: Largest Expected Move — 39.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.12$3.71$5.02$4.54$4.08
Max Pain$4.25$4.00$5.00$5.00$4.00
ATM IV97.4%68.9%145.5%138.2%68.9%
Expected Move27.3%19.7%39.8%39.6%19.7%
Term Structure-6.2%-21.4%14.4%-17.3%14.4%
VWIV96.9%75.3%147.9%147.9%75.4%
Skew 25d-2.1%-32.5%18.4%8.6%-32.5%
Skew 10d18.8%-41.5%75.0%75.0%-41.5%
Call IV 25d97.5%47.8%144.6%144.6%97.3%
Put IV 25d95.4%64.8%153.2%153.2%64.8%
Bid-Ask Spread %28.7811.1161.4811.1153.34
Gamma HHI0.530.390.700.420.66
Net GEX38.3K19.1K112.2K42.4K22.6K
Net DEX-959.1K-2.6M-379.6K-1.8M-611.1K
Net VEX-4.4K-6.8K-3.4K-6.4K-3.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.011.931.300.29
Total Volume708.9903,277435360
Total OI15,043.88,77020,00614,2819,074

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$4.54$5.00138.2%39.6%0.0%0.0%147.9%8.6%-17.3%42.4K-1.8M-6.4K1.3011.11N/AN/A18924612,4721,809
2020-11-03$4.74$5.00134.9%38.7%0.0%0.0%137.4%-5.5%-14.1%47.8K-2.1M-6.5K0.1520.07N/AN/A1271912,4721,809
2020-11-04$4.68$5.00138.7%39.8%0.0%0.0%136.8%0.5%-21.4%46.9K-1.9M-6.3K0.0129.79N/AN/A127112,5041,972
2020-11-05$5.02$5.00145.5%34.2%0.0%0.0%123.5%1.8%-11.6%54.0K-2.6M-6.8K0.5938.17N/AN/A1,09365012,5501,972
2020-11-06$3.71$5.00109.1%29.0%0.0%0.0%99.4%-7.6%-9.3%19.1K-379.6K-3.5K0.2331.56N/AN/A1,95645613,0001,864
2020-11-09$3.94$4.0099.3%27.1%0.0%0.0%94.3%4.7%-0.7%30.7K-722.5K-4.0K0.0161.48N/AN/A3,2334413,8951,886
2020-11-10$3.88$4.00103.0%27.5%0.0%0.0%99.9%3.0%-11.4%38.2K-841.2K-4.5K0.1317.04N/AN/A3394316,2961,944
2020-11-11$3.97$4.0091.6%26.3%0.0%0.0%93.5%4.7%-2.7%38.0K-911.0K-4.6K1.1723.39N/AN/A23327315,8021,948
2020-11-12$3.98$4.0090.3%25.9%0.0%0.0%89.6%11.1%-2.4%40.7K-920.0K-4.5K1.0722.87N/AN/A29231316,3802,043
2020-11-13$3.91$4.0092.0%26.4%0.0%0.0%87.5%1.0%-3.8%33.2K-617.7K-4.0K0.1024.05N/AN/A1101116,2632,269
2020-11-16$3.95$4.0090.4%25.9%0.0%0.0%88.6%8.8%-7.6%35.4K-650.8K-3.7K0.5325.68N/AN/A19210216,2802,267
2020-11-17$3.92$4.0086.7%24.8%0.0%0.0%89.5%7.5%-6.0%34.3K-578.4K-3.6K0.6225.53N/AN/A23414616,2662,199
2020-11-18$3.92$4.0082.6%23.7%0.0%0.0%96.1%-25.7%-2.9%34.1K-569.7K-3.5K0.0544.55N/AN/A1,2446416,2232,296
2020-11-19$3.99$4.0080.8%23.2%0.0%0.0%77.3%-13.5%-9.0%47.5K-715.1K-3.8K1.9320.39N/AN/A21541517,4092,291
2020-11-20$4.00$4.0079.3%22.7%0.0%0.0%80.0%10.7%0.8%112.2K-682.8K-3.8K1.9013.42N/AN/A13425417,4622,544
2020-11-23$3.95$4.0078.2%22.4%0.0%0.0%75.3%18.4%-2.6%20.3K-533.7K-3.6K0.4742.01N/AN/A2961407,2731,517
2020-11-24$4.04$4.0072.8%20.9%0.0%0.0%79.5%-17.8%-1.0%20.8K-601.8K-3.6K0.0417.74N/AN/A339127,2101,560
2020-11-25$4.05$4.0083.6%24.0%0.0%0.0%83.0%-9.7%-11.4%22.8K-633.3K-3.7K0.0518.30N/AN/A8647,3421,566
2020-11-27$4.13$4.0081.9%23.5%0.0%0.0%83.4%-9.4%-4.9%24.8K-744.2K-3.8K0.1035.04N/AN/A169177,3851,562
2020-11-30$4.08$4.0068.9%19.7%0.0%0.0%75.4%-32.5%14.4%22.6K-611.1K-3.4K0.2953.34N/AN/A280807,4981,576