TRUE Options History — June 2021

In June 2021, TRUE traded between $5.18 and $5.84. ATM implied volatility averaged 48.7%. The 30-day expected move averaged 13.9%. Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.17.

Notable Days

  • 2021-06-23: Highest Volume — 724 contracts
  • 2021-06-08: Largest IV drop — 24.2% change
  • 2021-06-03: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.52$5.18$5.84$5.67$5.65
Max Pain$4.09$4.00$5.00$5.00$4.00
ATM IV48.7%38.4%61.3%50.6%47.6%
Expected Move13.9%11.0%16.5%14.5%13.6%
Term Structure12.6%-4.2%24.7%-4.2%16.7%
VWIV50.2%38.8%58.4%46.0%47.5%
Skew 25d-3.2%-26.4%20.1%-7.7%-7.0%
Skew 10d1.4%-44.5%34.3%17.4%-5.3%
Call IV 25d51.1%38.1%65.4%47.4%46.6%
Put IV 25d47.8%36.9%62.7%39.7%39.6%
Bid-Ask Spread %39.719.9967.8862.1064.78
Gamma HHI0.660.460.890.630.85
Net GEX41.9K22.1K62.4K45.0K57.2K
Net DEX-922.5K-1.3M-574.8K-1.1M-908.8K
Net VEX-2.8K-3.3K-2.2K-3.0K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.000.860.110.01
Total Volume294.13662724528311
Total OI6,533.0455,7057,2636,1906,609

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$5.67$5.0050.6%14.5%0.0%0.0%46.0%-7.7%-4.2%45.0K-1.1M-3.0K0.1162.10N/AN/A477515,619571
2021-06-02$5.82$5.0053.2%15.3%0.0%0.0%53.4%-26.4%-1.4%46.8K-1.3M-3.3K0.1050.31N/AN/A272265,691575
2021-06-03$5.76$4.0061.3%16.5%0.0%0.0%55.1%0.8%3.6%45.9K-1.3M-3.3K0.1833.77N/AN/A67125,821573
2021-06-04$5.64$4.0055.4%14.6%0.0%0.0%50.8%-2.6%10.5%46.0K-1.2M-3.1K0.2026.53N/AN/A114235,807585
2021-06-07$5.52$4.0059.4%16.0%0.0%0.0%55.0%-8.4%5.4%43.5K-1.0M-2.9K0.2613.64N/AN/A107285,884593
2021-06-08$5.39$4.0045.1%15.4%0.0%0.0%54.8%-5.9%11.5%39.0K-871.8K-2.7K0.0928.71N/AN/A163155,855604
2021-06-09$5.43$4.0053.0%15.2%0.0%0.0%53.7%-5.9%10.1%34.9K-913.3K-2.6K0.0941.30N/AN/A9185,944595
2021-06-10$5.35$4.0042.2%12.1%0.0%0.0%52.7%-8.1%18.3%33.8K-818.5K-2.4K0.3267.88N/AN/A4791515,996595
2021-06-11$5.37$4.0041.8%12.0%0.0%0.0%46.3%-10.1%17.3%36.2K-811.3K-2.5K0.0331.03N/AN/A6026,293732
2021-06-14$5.30$4.0044.9%12.9%0.0%0.0%49.3%-10.0%14.0%31.2K-742.5K-2.3K0.2235.41N/AN/A103236,297734
2021-06-15$5.20$4.0046.0%13.2%0.0%0.0%49.8%-4.2%13.0%31.3K-669.7K-2.2K0.1046.97N/AN/A9296,308737
2021-06-16$5.28$4.0051.8%14.8%0.0%0.0%53.4%4.2%8.3%29.8K-759.2K-2.4K0.0054.66N/AN/A6606,372736
2021-06-17$5.28$4.0050.2%14.4%0.0%0.0%53.4%-3.0%15.7%30.1K-749.5K-2.4K0.5519.92N/AN/A1911056,386736
2021-06-18$5.18$4.0049.3%14.1%0.0%0.0%58.4%-8.3%15.6%22.1K-681.9K-2.3K0.0140.19N/AN/A29736,434829
2021-06-21$5.32$4.0047.2%13.5%0.0%0.0%49.8%-1.9%16.3%28.8K-574.8K-2.4K0.0132.73N/AN/A49455,139566
2021-06-22$5.51$4.0047.3%13.5%0.0%0.0%49.5%5.1%19.1%37.7K-754.4K-2.7K0.0029.98N/AN/A25615,351571
2021-06-23$5.74$4.0047.7%13.7%0.0%0.0%49.1%13.7%14.1%47.4K-986.8K-3.0K0.5245.19N/AN/A4752495,382571
2021-06-24$5.84$4.0046.2%13.3%0.0%0.0%45.4%20.1%15.4%54.5K-1.1M-3.1K0.0021.09N/AN/A70535,517627
2021-06-25$5.84$4.0046.2%13.2%0.0%0.0%46.3%-0.2%15.9%59.4K-1.1M-3.2K0.1465.75N/AN/A232325,826631
2021-06-28$5.73$4.0045.6%13.1%0.0%0.0%45.0%-3.5%18.0%58.3K-1.0M-3.0K0.0151.74N/AN/A22935,834643
2021-06-29$5.68$4.0038.4%11.0%0.0%0.0%38.8%-1.8%24.7%62.4K-886.0K-2.8K0.869.99N/AN/A2372045,913645
2021-06-30$5.65$4.0047.6%13.6%0.0%0.0%47.5%-7.0%16.7%57.2K-908.8K-2.9K0.0164.78N/AN/A30925,962647