TRUE Options History — December 2020

In December 2020, TRUE traded between $4.04 and $4.55. ATM implied volatility averaged 77.1%. The 30-day expected move averaged 22.2%. Max pain ranged from $4.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.18.

Notable Days

  • 2020-12-17: Highest Volume — 1,410 contracts
  • 2020-12-22: Largest IV drop — 24.9% change
  • 2020-12-21: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.33$4.04$4.55$4.16$4.23
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV77.1%60.0%87.8%79.4%69.2%
Expected Move22.2%17.2%25.2%22.8%19.8%
Term Structure6.5%-10.7%30.8%-1.6%30.8%
VWIV80.1%61.5%97.7%81.9%81.1%
Skew 25d-3.7%-24.8%14.5%-5.9%5.1%
Skew 10d13.0%-34.2%81.0%5.0%25.5%
Call IV 25d80.4%61.5%97.9%84.7%78.8%
Put IV 25d76.7%67.3%88.9%78.8%84.0%
Bid-Ask Spread %51.1814.5979.7014.5957.48
Gamma HHI0.590.490.700.690.66
Net GEX26.2K15.8K37.1K25.9K24.9K
Net DEX-731.0K-925.1K-540.0K-721.1K-562.4K
Net VEX-3.0K-3.6K-2.3K-3.6K-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.001.450.010.02
Total Volume349.227571,410159172
Total OI9,170.2737,09710,8839,1728,040

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$4.16$4.0079.4%22.8%0.0%0.0%81.9%-5.9%-1.6%25.9K-721.1K-3.6K0.0114.59N/AN/A15817,5561,616
2020-12-02$4.05$4.0078.0%22.4%0.0%0.0%79.0%-17.0%3.0%20.8K-547.0K-3.3K1.4516.56N/AN/A62907,4861,617
2020-12-03$4.04$4.0076.6%24.1%0.0%0.0%83.5%-17.4%-3.2%20.2K-540.0K-3.2K0.7261.88N/AN/A1441047,5261,700
2020-12-04$4.20$4.0073.7%22.3%0.0%0.0%80.6%-0.3%1.8%26.0K-700.0K-3.6K0.3964.94N/AN/A239937,9091,802
2020-12-07$4.18$4.0079.3%21.9%0.0%0.0%84.9%-24.2%3.8%24.1K-644.4K-3.5K0.0158.87N/AN/A27447,8831,890
2020-12-08$4.19$4.0083.0%23.5%0.0%0.0%84.1%-16.7%-1.6%24.6K-634.0K-3.3K0.2320.89N/AN/A95228,0191,889
2020-12-09$4.18$4.0076.0%21.8%0.0%0.0%90.0%-21.9%7.6%24.7K-659.5K-3.3K0.1315.37N/AN/A147198,0231,899
2020-12-10$4.33$4.0085.5%24.5%0.0%0.0%85.1%10.5%-2.7%15.8K-777.1K-2.8K0.0243.37N/AN/A30468,0311,910
2020-12-11$4.34$4.0083.1%23.8%0.0%0.0%85.0%4.2%0.0%17.1K-805.3K-2.8K0.0253.27N/AN/A766148,1241,911
2020-12-14$4.32$4.0082.1%23.5%0.0%0.0%78.5%1.8%1.6%33.9K-851.3K-3.2K0.5562.43N/AN/A135748,6111,900
2020-12-15$4.43$4.0084.8%24.3%0.0%0.0%83.5%-0.1%-2.7%37.1K-925.1K-3.2K0.1855.66N/AN/A193348,5971,972
2020-12-16$4.38$4.0076.7%22.0%0.0%0.0%78.2%-3.1%10.4%35.7K-834.7K-3.0K0.0056.18N/AN/A5708,5001,980
2020-12-17$4.49$4.0080.1%23.0%0.0%0.0%97.7%-24.8%12.7%20.5K-880.1K-2.9K0.0054.00N/AN/A1,40828,4621,980
2020-12-18$4.38$4.0072.4%20.7%0.0%0.0%84.6%-12.6%24.1%21.8K-772.5K-2.7K0.0574.16N/AN/A407218,9051,978
2020-12-21$4.53$4.0087.8%25.2%0.0%0.0%77.8%2.1%-10.7%23.1K-742.9K-2.8K0.0179.70N/AN/A71165,9361,161
2020-12-22$4.46$4.0065.9%18.9%0.0%0.0%71.2%-5.3%14.6%29.0K-759.5K-2.8K0.1545.53N/AN/A199306,4301,162
2020-12-23$4.54$4.0068.8%19.7%0.0%0.0%68.0%5.7%7.8%31.0K-797.4K-2.8K0.0366.13N/AN/A13546,5381,143
2020-12-24$4.52$4.0060.0%17.2%0.0%0.0%61.5%14.5%20.9%31.0K-711.2K-2.5K0.0069.02N/AN/A43506,5521,143
2020-12-28$4.55$4.0070.8%20.3%0.0%0.0%69.4%12.6%11.9%33.3K-843.1K-2.6K0.0047.00N/AN/A71326,5751,143
2020-12-29$4.37$4.0080.4%23.1%0.0%0.0%81.0%2.7%10.7%29.9K-729.6K-2.6K0.0350.55N/AN/A19266,9681,143
2020-12-30$4.32$4.0083.5%23.9%0.0%0.0%75.4%8.1%4.1%27.0K-644.8K-2.6K0.0058.40N/AN/A20506,9451,191
2020-12-31$4.23$4.0069.2%19.8%0.0%0.0%81.1%5.1%30.8%24.9K-562.4K-2.3K0.0257.48N/AN/A16936,8491,191