TRUE Options History — May 2021

In May 2021, TRUE traded between $4.38 and $6.06. ATM implied volatility averaged 60.3%. The 30-day expected move averaged 17.6%. Max pain ranged from $4.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.16.

Notable Days

  • 2021-05-25: Highest Volume — 2,409 contracts
  • 2021-05-07: Largest IV drop — 63.3% change
  • 2021-05-04: Largest Expected Move — 27.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.88$4.38$6.06$4.63$5.89
Max Pain$4.40$4.00$5.00$5.00$5.00
ATM IV60.3%34.8%101.2%87.8%47.7%
Expected Move17.6%12.8%27.5%25.2%13.7%
Term Structure-2.1%-19.8%7.2%-17.0%-0.1%
VWIV61.2%44.5%93.7%87.2%47.7%
Skew 25d2.1%-11.9%19.0%13.1%18.9%
Skew 10d9.9%-28.4%68.8%29.7%29.9%
Call IV 25d62.3%38.0%101.6%71.9%41.7%
Put IV 25d64.4%42.3%94.1%85.1%60.7%
Bid-Ask Spread %56.3610.5491.3516.5944.84
Gamma HHI0.500.350.660.440.58
Net GEX22.1K8.6K48.0K17.3K43.7K
Net DEX-571.8K-1.5M-236.7K-477.6K-1.3M
Net VEX-2.1K-3.6K-1.5K-2.1K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.011.110.100.04
Total Volume400.15232,409129599
Total OI5,415.554,3846,0785,0085,961

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$4.63$5.0087.8%25.2%0.0%0.0%87.2%13.1%-17.0%17.3K-477.6K-2.1K0.1016.59N/AN/A117124,427581
2021-05-04$4.53$5.0096.0%27.5%0.0%0.0%93.7%6.8%-19.8%16.1K-442.0K-2.1K0.2315.18N/AN/A160374,477587
2021-05-05$4.58$5.0093.5%26.8%0.0%0.0%88.8%-7.5%-18.0%17.5K-508.0K-2.2K0.1069.72N/AN/A185184,614610
2021-05-06$4.72$4.00101.2%21.6%0.0%0.0%72.5%-4.3%-5.2%19.5K-589.5K-2.4K0.0148.48N/AN/A14014,689616
2021-05-07$4.59$4.0037.1%16.6%0.0%0.0%57.1%-1.9%0.4%21.9K-339.1K-1.7K0.2776.99N/AN/A251674,741617
2021-05-10$4.54$4.0034.8%15.6%0.0%0.0%58.7%-3.7%7.2%19.2K-319.0K-1.7K0.1266.15N/AN/A81104,750613
2021-05-11$4.48$4.0051.6%17.4%0.0%0.0%58.1%-2.7%-1.1%17.0K-303.1K-1.7K0.0164.95N/AN/A9914,796615
2021-05-12$4.38$4.0059.6%17.1%0.0%0.0%68.5%-7.9%5.8%12.1K-236.7K-1.5K0.1090.46N/AN/A2124,807616
2021-05-13$4.55$4.0061.3%17.6%0.0%0.0%53.4%9.5%2.4%20.5K-358.2K-1.7K0.1266.71N/AN/A93114,825618
2021-05-14$4.66$4.0054.6%15.6%0.0%0.0%56.4%-7.4%6.7%23.5K-475.3K-1.9K0.0491.35N/AN/A6934,844608
2021-05-17$4.67$4.0055.8%16.0%0.0%0.0%51.5%-3.2%5.5%27.6K-447.4K-1.8K1.1183.39N/AN/A19214,898609
2021-05-18$4.71$4.0058.8%16.9%0.0%0.0%60.3%13.0%-5.7%29.5K-382.3K-1.6K0.0565.78N/AN/A219124,904612
2021-05-19$4.62$4.0055.5%15.9%0.0%0.0%0.0%0.6%0.1%8.6K-280.7K-1.5K0.0578.88N/AN/A13075,032601
2021-05-20$4.76$4.0058.0%16.6%0.0%0.0%57.7%8.6%-3.8%10.1K-328.6K-1.6K0.5716.60N/AN/A49285,159600
2021-05-21$4.78$4.0050.5%14.5%0.0%0.0%44.5%19.0%-1.1%10.4K-319.5K-1.6K0.1244.12N/AN/A280335,171614
2021-05-24$4.98$5.0047.7%13.7%0.0%0.0%47.7%7.9%3.4%14.3K-456.7K-1.8K0.1454.55N/AN/A381533,928456
2021-05-25$5.51$5.0060.7%17.4%0.0%0.0%61.8%-6.6%-4.8%20.0K-784.5K-2.4K0.0266.91N/AN/A2,365444,146495
2021-05-26$6.06$5.0049.4%14.2%0.0%0.0%51.1%1.6%0.0%44.3K-1.5M-3.4K0.0255.03N/AN/A1,519325,477519
2021-05-27$6.02$5.0044.5%12.8%0.0%0.0%45.1%-11.9%2.4%48.0K-1.5M-3.6K0.0410.54N/AN/A799355,537541
2021-05-28$5.89$5.0047.7%13.7%0.0%0.0%47.7%18.9%-0.1%43.7K-1.3M-3.3K0.0444.84N/AN/A576235,405556