TRUE Options History — February 2021

In February 2021, TRUE traded between $4.66 and $5.76. ATM implied volatility averaged 103.3%. The 30-day expected move averaged 29.0%. Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.14.

Notable Days

  • 2021-02-25: Highest Volume — 2,994 contracts
  • 2021-02-25: Largest IV drop — 21.5% change
  • 2021-02-24: Largest Expected Move — 36.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.17$4.66$5.76$4.66$5.53
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV103.3%86.6%128.3%101.0%104.0%
Expected Move29.0%23.3%36.8%28.9%29.8%
Term Structure-9.6%-28.5%3.0%-7.5%-14.1%
VWIV104.5%84.5%129.4%100.7%101.5%
Skew 25d-16.3%-47.7%7.6%-47.7%-14.2%
Skew 10d-12.0%-67.4%78.1%-28.7%-47.1%
Call IV 25d110.1%91.8%134.0%99.1%104.2%
Put IV 25d93.8%51.4%120.0%51.4%90.0%
Bid-Ask Spread %55.1422.8181.8875.9525.58
Gamma HHI0.340.260.520.330.27
Net GEX33.2K16.7K58.6K17.9K23.3K
Net DEX-1.2M-2.2M-624.7K-624.7K-1.3M
Net VEX-3.9K-4.9K-2.9K-2.9K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.000.470.030.22
Total Volume654.579602,994939446
Total OI6,902.7375,0998,6555,0996,926

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$4.66$5.00101.0%28.9%0.0%0.0%100.7%-47.7%-7.5%17.9K-624.7K-2.9K0.0375.95N/AN/A913264,457642
2021-02-02$4.81$5.0086.6%24.8%0.0%0.0%91.7%7.6%3.0%26.2K-771.3K-3.2K0.1381.88N/AN/A208265,200654
2021-02-03$4.83$5.0099.6%28.6%0.0%0.0%99.0%-21.3%-10.1%26.9K-852.1K-3.3K0.0465.89N/AN/A17165,329673
2021-02-04$4.80$5.00101.6%23.3%0.0%0.0%84.5%-16.4%3.0%25.8K-787.4K-3.2K0.0073.13N/AN/A6005,324671
2021-02-05$4.96$5.0093.1%24.6%0.0%0.0%88.6%-12.9%-2.1%30.9K-912.7K-3.2K0.0676.21N/AN/A201125,326671
2021-02-08$5.14$5.00104.7%28.7%0.0%0.0%102.1%-25.6%-10.8%37.8K-1.2M-3.9K0.0070.27N/AN/A46816,103663
2021-02-09$5.21$5.0099.6%26.5%0.0%0.0%100.3%-26.4%-6.8%43.0K-1.4M-4.0K0.0966.78N/AN/A509476,456664
2021-02-10$5.55$5.00101.4%29.1%0.0%0.0%104.7%-18.5%-3.4%49.5K-1.8M-4.4K0.0666.98N/AN/A1,179716,544694
2021-02-11$5.76$5.00104.8%30.1%0.0%0.0%106.6%-7.9%-9.1%58.6K-2.2M-4.8K0.0557.83N/AN/A1,391727,252740
2021-02-12$5.38$5.00102.9%29.5%0.0%0.0%105.1%-7.6%-9.3%54.6K-1.7M-4.7K0.0257.42N/AN/A41777,618726
2021-02-16$5.37$5.00107.5%30.8%0.0%0.0%112.0%-3.7%-19.7%37.0K-1.7M-4.0K0.0059.09N/AN/A43307,775724
2021-02-17$5.17$5.00107.3%30.7%0.0%0.0%107.3%-17.9%-17.5%53.3K-1.4M-4.1K0.2057.87N/AN/A198397,878724
2021-02-18$5.12$5.00109.9%31.5%0.0%0.0%111.4%-11.8%-12.7%55.9K-1.3M-3.9K0.2640.51N/AN/A144377,885748
2021-02-19$5.19$5.00101.5%29.1%0.0%0.0%110.0%-12.0%-9.6%17.2K-1.6M-3.8K0.1033.59N/AN/A432437,905750
2021-02-22$5.17$5.00100.6%28.9%0.0%0.0%101.3%-21.4%-8.7%18.3K-974.8K-3.8K0.4739.90N/AN/A4512124,739385
2021-02-23$4.99$5.00108.1%31.0%0.0%0.0%110.6%-11.6%-10.6%16.7K-863.4K-4.0K0.4447.37N/AN/A3631615,082590
2021-02-24$5.13$5.00128.3%36.8%0.0%0.0%129.4%-14.0%-28.5%17.3K-1.0M-4.5K0.4622.81N/AN/A4792205,356734
2021-02-25$5.38$5.00100.7%28.9%0.0%0.0%119.3%-25.6%-8.2%20.5K-1.2M-4.8K0.0528.62N/AN/A2,8411535,631913
2021-02-26$5.53$5.00104.0%29.8%0.0%0.0%101.5%-14.2%-14.1%23.3K-1.3M-4.9K0.2225.58N/AN/A367795,9141,012