TRUE Options History — January 2021

In January 2021, TRUE traded between $4.36 and $5.05. ATM implied volatility averaged 82.2%. The 30-day expected move averaged 24.6%. Max pain ranged from $4.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.09.

Notable Days

  • 2021-01-22: Highest Volume — 1,194 contracts
  • 2021-01-06: Largest IV spike — 33.1% change
  • 2021-01-05: Largest Expected Move — 29.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.70$4.36$5.05$4.36$4.48
Max Pain$4.26$4.00$5.00$4.00$5.00
ATM IV82.2%55.0%99.5%55.0%94.1%
Expected Move24.6%18.6%29.9%22.6%27.0%
Term Structure5.3%-28.5%67.4%13.8%-8.3%
VWIV86.8%66.9%121.1%83.9%104.1%
Skew 25d-0.3%-23.9%31.8%-12.1%-23.9%
Skew 10d3.2%-47.2%36.9%25.7%-47.2%
Call IV 25d90.6%66.9%115.5%112.9%114.9%
Put IV 25d90.3%71.5%140.8%100.8%91.0%
Bid-Ask Spread %82.4858.62116.71108.6491.32
Gamma HHI0.520.270.900.640.32
Net GEX27.8K5.0K79.7K26.9K15.1K
Net DEX-697.0K-1.0M-289.4K-638.0K-549.1K
Net VEX-2.4K-3.2K-1.6K-2.3K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.000.730.090.10
Total Volume394.8421231,194292134
Total OI6,240.0532,1908,2107,9915,048

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$4.36$4.0055.0%22.6%0.0%0.0%83.9%-12.1%13.8%26.9K-638.0K-2.3K0.09108.64N/AN/A268246,7971,194
2021-01-05$4.47$4.0067.3%29.9%0.0%0.0%85.3%20.5%-28.5%32.1K-669.2K-2.1K0.00105.19N/AN/A31806,8761,177
2021-01-06$4.53$4.0089.6%18.6%0.0%0.0%66.9%31.8%10.4%30.5K-955.1K-2.6K0.00116.71N/AN/A20406,9161,177
2021-01-07$4.66$4.0084.0%23.3%0.0%0.0%80.2%-1.2%1.3%45.2K-897.0K-2.3K0.0176.94N/AN/A61476,7961,177
2021-01-08$4.77$4.0073.4%23.6%0.0%0.0%79.6%-4.6%-0.1%54.2K-971.6K-2.3K0.0168.91N/AN/A24627,0301,177
2021-01-11$4.77$4.0073.1%25.0%0.0%0.0%84.9%-4.6%-3.4%58.6K-943.5K-2.1K0.0067.70N/AN/A25807,0331,177
2021-01-12$4.88$4.0073.1%24.8%0.0%0.0%82.5%0.7%-0.2%79.7K-1.0M-2.2K0.0071.20N/AN/A14707,0091,177
2021-01-13$4.69$4.0077.0%22.1%0.0%0.0%85.6%-5.8%7.3%51.8K-679.3K-1.8K0.0387.64N/AN/A19056,9991,177
2021-01-14$4.74$4.0080.3%23.0%0.0%0.0%88.0%-7.6%67.4%5.2K-542.1K-1.7K0.1779.72N/AN/A105186,9931,178
2021-01-15$4.59$4.0085.2%24.4%0.0%0.0%79.2%-11.3%-2.1%5.0K-501.9K-1.6K0.2080.94N/AN/A278556,9841,183
2021-01-19$4.63$4.0076.8%22.0%0.0%0.0%74.8%-1.7%13.2%5.3K-289.4K-1.7K0.1381.97N/AN/A7951031,820370
2021-01-20$4.76$4.0085.3%24.4%0.0%0.0%85.8%-13.7%3.9%9.4K-439.1K-2.1K0.0181.15N/AN/A60752,423473
2021-01-21$4.86$4.0082.7%23.7%0.0%0.0%76.9%11.7%16.0%13.1K-537.6K-2.4K0.0179.61N/AN/A56352,957477
2021-01-22$5.05$4.0090.1%25.8%0.0%0.0%92.6%-12.0%-2.7%18.5K-747.7K-2.9K0.0358.62N/AN/A1,164303,647481
2021-01-25$4.96$5.0096.4%27.6%0.0%0.0%93.7%4.0%2.7%21.1K-806.0K-3.2K0.0078.90N/AN/A55404,300511
2021-01-26$4.92$5.0091.3%26.2%0.0%0.0%91.9%-5.6%-1.0%21.6K-788.8K-3.2K0.7370.06N/AN/A82604,378511
2021-01-27$4.69$5.0099.5%28.5%0.0%0.0%121.1%25.2%-9.0%17.5K-644.2K-3.1K0.1377.66N/AN/A363474,396571
2021-01-28$4.52$5.0087.8%25.2%0.0%0.0%92.8%4.1%19.2%17.2K-607.8K-2.9K0.0884.28N/AN/A233184,356615
2021-01-29$4.48$5.0094.1%27.0%0.0%0.0%104.1%-23.9%-8.3%15.1K-549.1K-2.9K0.1091.32N/AN/A122124,430618