TRUE Options History — March 2021

In March 2021, TRUE traded between $4.54 and $5.42. ATM implied volatility averaged 76.8%. The 30-day expected move averaged 21.9%. Max pain ranged from $5.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.58.

Notable Days

  • 2021-03-10: Highest Volume — 851 contracts
  • 2021-03-24: Largest IV spike — 19.4% change
  • 2021-03-01: Largest Expected Move — 28.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.99$4.54$5.42$5.21$4.77
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV76.8%60.7%100.3%100.3%62.5%
Expected Move21.9%17.4%28.8%28.8%17.9%
Term Structure10.0%-14.8%28.2%-14.8%24.2%
VWIV79.7%57.5%100.2%97.4%57.5%
Skew 25d-6.8%-27.3%7.4%-16.1%-2.4%
Skew 10d-14.9%-51.7%36.0%-29.2%2.5%
Call IV 25d84.5%55.6%108.3%100.8%55.6%
Put IV 25d77.7%53.2%91.2%84.7%53.2%
Bid-Ask Spread %29.1013.6369.1228.5624.51
Gamma HHI0.260.230.280.270.27
Net GEX13.1K5.8K24.5K20.8K5.8K
Net DEX-653.2K-1.2M-254.0K-1.0M-293.8K
Net VEX-3.7K-4.7K-2.6K-4.5K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.0110.200.460.11
Total Volume272.82646851652187
Total OI7,518.3046,5758,8197,0616,855

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$5.21$5.00100.3%28.8%0.0%0.0%97.4%-16.1%-14.8%20.8K-1.0M-4.5K0.4628.56N/AN/A4472056,0391,022
2021-03-02$5.42$5.0088.8%25.5%0.0%0.0%100.2%-22.3%5.8%24.5K-1.2M-4.7K0.2043.41N/AN/A298616,1821,004
2021-03-03$5.13$5.0096.5%27.7%0.0%0.0%98.1%-27.3%-14.0%21.3K-982.2K-4.5K0.1615.85N/AN/A302486,2041,062
2021-03-04$4.70$5.0091.8%26.7%0.0%0.0%92.7%-1.3%-2.7%13.9K-563.0K-3.6K0.0740.91N/AN/A346256,1101,081
2021-03-05$4.91$5.0093.5%24.6%0.0%0.0%89.4%-3.4%5.3%15.9K-677.8K-3.8K0.1733.90N/AN/A490846,0951,101
2021-03-08$4.95$5.0083.4%23.8%0.0%0.0%85.0%-5.0%0.5%17.2K-738.5K-4.0K0.0125.60N/AN/A39556,4571,082
2021-03-09$5.21$5.0084.5%23.2%0.0%0.0%87.7%-8.3%5.2%21.9K-984.3K-4.3K0.0728.66N/AN/A176136,5121,083
2021-03-10$5.23$5.0079.8%22.9%0.0%0.0%81.9%-8.1%8.1%21.6K-970.2K-4.2K10.2028.04N/AN/A767756,4941,076
2021-03-11$5.30$5.0075.4%21.6%0.0%0.0%89.3%-10.7%11.2%16.8K-888.6K-4.5K0.0521.45N/AN/A347166,5061,731
2021-03-12$5.14$5.0077.5%22.2%0.0%0.0%83.7%-15.1%8.5%14.7K-768.8K-4.5K0.2622.94N/AN/A163436,7901,745
2021-03-15$5.18$5.0076.1%21.8%0.0%0.0%76.2%-11.9%8.9%15.4K-809.0K-4.4K0.0721.70N/AN/A143106,8481,783
2021-03-16$5.12$5.0076.0%21.8%0.0%0.0%76.2%-0.9%5.9%10.0K-726.5K-4.2K0.0829.27N/AN/A153126,8871,786
2021-03-17$5.08$5.0073.7%21.1%0.0%0.0%83.0%-9.0%9.4%8.6K-676.3K-4.0K0.0638.21N/AN/A154106,9491,795
2021-03-18$4.98$5.0073.5%21.1%0.0%0.0%83.0%-9.7%17.8%8.5K-614.0K-3.9K0.1313.63N/AN/A78107,0161,803
2021-03-19$5.09$5.0067.0%19.2%0.0%0.0%71.8%-2.6%20.3%12.1K-823.3K-3.6K0.0923.79N/AN/A357317,0011,809
2021-03-22$4.97$5.0067.2%19.3%0.0%0.0%67.6%5.8%19.6%9.8K-493.4K-3.3K0.0515.84N/AN/A15085,3311,244
2021-03-23$4.81$5.0060.7%17.4%0.0%0.0%61.2%-0.2%15.8%7.8K-389.9K-3.1K0.2216.38N/AN/A151335,3831,251
2021-03-24$4.54$5.0072.4%20.8%0.0%0.0%65.6%-10.7%28.2%6.8K-254.0K-2.9K0.1451.95N/AN/A110155,3911,279
2021-03-25$4.71$5.0065.0%18.6%0.0%0.0%78.6%-1.5%16.4%6.4K-276.3K-2.8K0.3369.12N/AN/A80265,3991,293
2021-03-26$4.83$5.0066.6%19.1%0.0%0.0%69.5%7.4%15.1%7.8K-337.9K-2.8K0.4334.79N/AN/A46205,4801,310
2021-03-29$4.78$5.0065.5%18.8%0.0%0.0%64.8%0.4%22.2%6.5K-305.8K-2.7K0.0326.18N/AN/A12645,4851,329
2021-03-30$4.71$5.0069.5%19.9%0.0%0.0%72.4%-4.1%14.0%7.0K-288.8K-2.7K0.0214.58N/AN/A4515,5081,330
2021-03-31$4.77$5.0062.5%17.9%0.0%0.0%57.5%-2.4%24.2%5.8K-293.8K-2.6K0.1124.51N/AN/A169185,5251,330