TRUE Options History — April 2021

In April 2021, TRUE traded between $4.14 and $5.12. ATM implied volatility averaged 72.4%. The 30-day expected move averaged 22.2%. Max pain ranged from $5.00 to $5.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.31.

Notable Days

  • 2021-04-27: Highest Volume — 819 contracts
  • 2021-04-13: Largest IV spike — 15.5% change
  • 2021-04-27: Largest Expected Move — 24.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.68$4.14$5.12$5.05$4.59
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV72.4%53.9%86.6%61.2%82.0%
Expected Move22.2%17.5%24.8%17.5%23.5%
Term Structure-5.5%-16.7%22.2%22.2%-8.7%
VWIV78.0%60.9%84.5%60.9%80.8%
Skew 25d-1.6%-19.3%14.8%14.8%-5.1%
Skew 10d11.6%-47.8%90.8%22.7%-3.5%
Call IV 25d78.2%46.4%90.3%46.4%88.1%
Put IV 25d76.6%60.4%86.5%61.2%83.1%
Bid-Ask Spread %33.4014.6263.1919.9015.32
Gamma HHI0.340.250.440.340.41
Net GEX6.6K-4.5K15.4K8.2K15.4K
Net DEX-343.3K-573.2K-26.9K-492.9K-447.8K
Net VEX-2.1K-2.8K-1.6K-2.8K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.002.250.040.01
Total Volume222.47630819281332
Total OI5,753.6193,3587,3376,9954,910

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$5.05$5.0061.2%17.5%0.0%0.0%60.9%14.8%22.2%8.2K-492.9K-2.8K0.0419.90N/AN/A270115,6781,317
2021-04-05$5.12$5.0053.9%22.5%0.0%0.0%79.5%-1.0%-7.3%8.1K-573.2K-2.7K0.1661.85N/AN/A4985,8011,317
2021-04-06$5.11$5.0061.8%20.8%0.0%0.0%74.9%-19.3%-2.9%8.0K-520.4K-2.4K0.2863.19N/AN/A138385,7761,321
2021-04-07$4.90$5.0063.3%22.0%0.0%0.0%76.5%-1.8%-4.8%5.1K-411.7K-2.5K0.1447.80N/AN/A5685,8831,354
2021-04-08$5.09$5.0057.6%21.8%0.0%0.0%76.6%10.5%-6.7%4.1K-500.1K-2.5K0.0928.96N/AN/A5555,8891,362
2021-04-09$4.99$5.0054.2%21.3%0.0%0.0%77.1%7.0%-4.0%2.0K-441.5K-2.5K0.3946.65N/AN/A36145,9061,357
2021-04-12$4.88$5.0061.2%22.2%0.0%0.0%78.9%-9.7%-8.7%-821-268.1K-2.1K0.0121.12N/AN/A19525,8971,367
2021-04-13$4.88$5.0070.7%21.9%0.0%0.0%77.0%-1.1%-4.7%-226-296.3K-2.2K0.3833.54N/AN/A3751425,9391,369
2021-04-14$4.86$5.0075.4%21.6%0.0%0.0%76.2%-3.7%-5.5%-1.6K-308.1K-2.1K0.1927.93N/AN/A149295,9381,368
2021-04-15$4.85$5.0078.7%22.6%0.0%0.0%78.4%-2.9%5.4%-4.5K-168.8K-2.0K0.5147.26N/AN/A41215,9541,377
2021-04-16$4.78$5.0077.2%22.1%0.0%0.0%73.3%-0.4%3.8%7.6K-26.9K-1.8K0.4052.80N/AN/A3931565,9731,364
2021-04-19$4.42$5.0077.7%22.3%0.0%0.0%76.6%-8.2%-6.3%7.4K-275.7K-1.6K0.1126.37N/AN/A374413,024334
2021-04-20$4.14$5.0078.3%22.5%0.0%0.0%81.3%-17.4%-7.6%7.2K-224.1K-1.6K0.4222.74N/AN/A154653,301364
2021-04-21$4.15$5.0079.5%22.8%0.0%0.0%79.2%-6.0%-10.5%7.3K-236.5K-1.6K0.7629.85N/AN/A17133,423411
2021-04-22$4.24$5.0078.2%22.4%0.0%0.0%79.4%-18.6%-10.0%7.8K-266.3K-1.7K0.0227.95N/AN/A24053,432422
2021-04-23$4.31$5.0076.9%22.0%0.0%0.0%84.5%-3.1%-5.7%9.1K-298.0K-2.0K0.1526.16N/AN/A67103,560432
2021-04-26$4.41$5.0085.8%24.6%0.0%0.0%83.1%-4.2%-13.9%9.2K-315.0K-1.8K0.1818.81N/AN/A98183,600442
2021-04-27$4.44$5.0086.6%24.8%0.0%0.0%82.7%13.6%-16.7%9.7K-319.4K-1.8K0.0042.32N/AN/A81543,672457
2021-04-28$4.51$5.0080.0%22.9%0.0%0.0%80.6%12.0%-11.1%14.9K-398.9K-2.0K0.0426.17N/AN/A5424,282461
2021-04-29$4.51$5.0079.9%22.9%0.0%0.0%80.6%11.2%-11.1%15.0K-419.7K-2.0K2.2514.62N/AN/A531194,323469
2021-04-30$4.59$5.0082.0%23.5%0.0%0.0%80.8%-5.1%-8.7%15.4K-447.8K-2.2K0.0115.32N/AN/A32934,330580