TRUE Options History — July 2021

In July 2021, TRUE traded between $5.28 and $5.78. ATM implied volatility averaged 64.6%. The 30-day expected move averaged 21.5%. Max pain ranged from $4.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2021-07-08: Highest Volume — 6,207 contracts
  • 2021-07-14: Largest IV spike — 71.6% change
  • 2021-07-30: Largest Expected Move — 25.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.50$5.28$5.78$5.78$5.28
Max Pain$4.81$4.00$5.00$4.00$4.00
ATM IV64.6%31.8%88.5%45.9%88.5%
Expected Move21.5%12.0%25.4%13.1%25.4%
Term Structure-10.6%-24.7%22.3%17.7%-24.7%
VWIV74.5%42.4%91.3%45.7%82.0%
Skew 25d-5.4%-16.8%8.9%-0.3%-16.8%
Skew 10d-22.4%-46.4%20.9%2.3%-43.1%
Call IV 25d76.4%42.6%88.7%43.4%88.7%
Put IV 25d71.0%34.1%84.2%43.1%71.9%
Bid-Ask Spread %38.1315.5667.1654.8619.27
Gamma HHI0.630.400.900.870.40
Net GEX36.4K19.5K87.1K67.8K21.2K
Net DEX-943.3K-1.5M-517.3K-1.1M-820.9K
Net VEX-3.6K-5.0K-2.1K-3.0K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.008.800.000.00
Total Volume625.857426,20763364
Total OI7,391.195,65110,4596,6636,344

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$5.78$4.0045.9%13.1%0.0%0.0%45.7%-0.3%17.7%67.8K-1.1M-3.0K0.0054.86N/AN/A63216,016647
2021-07-02$5.66$4.0041.9%12.0%0.0%0.0%42.4%-8.6%22.3%64.6K-917.1K-2.9K0.0466.48N/AN/A14366,136648
2021-07-06$5.59$5.0032.4%18.1%0.0%0.0%66.1%-4.8%-1.8%53.0K-700.7K-2.5K0.1415.56N/AN/A216306,277652
2021-07-07$5.43$5.0031.8%19.7%0.0%0.0%72.3%-11.6%-9.9%20.4K-517.3K-2.1K0.3539.18N/AN/A31116,214679
2021-07-08$5.46$5.0047.6%23.8%0.0%0.0%85.0%-3.3%-13.6%39.6K-632.2K-2.4K0.0865.57N/AN/A5,7474606,213689
2021-07-09$5.65$5.0039.7%23.6%0.0%0.0%80.8%-5.2%-15.4%87.1K-1.5M-5.0K0.1336.67N/AN/A439569,2241,146
2021-07-12$5.62$5.0039.8%22.5%0.0%0.0%78.4%-5.3%-12.7%75.2K-1.4M-4.7K0.0120.28N/AN/A87169,2571,202
2021-07-13$5.61$5.0045.1%22.4%0.0%0.0%77.4%-6.3%-14.6%67.1K-1.3M-4.3K0.4441.02N/AN/A3521558,9021,202
2021-07-14$5.41$5.0077.3%22.2%0.0%0.0%74.9%-10.8%-16.4%35.0K-962.9K-3.9K0.2931.62N/AN/A4251228,8101,357
2021-07-15$5.45$5.0075.2%21.6%0.0%0.0%77.4%2.7%-5.8%20.2K-945.0K-4.0K0.0123.58N/AN/A22428,8131,469
2021-07-16$5.38$5.0073.3%21.0%0.0%0.0%60.2%-10.8%-8.0%20.1K-883.6K-3.8K0.0517.34N/AN/A823438,7501,470
2021-07-19$5.37$5.0078.2%22.4%0.0%0.0%74.1%8.9%-13.4%20.8K-790.5K-3.8K0.1041.41N/AN/A187184,4941,259
2021-07-20$5.49$5.0079.5%22.8%0.0%0.0%79.3%-0.3%-11.7%21.3K-944.2K-3.9K0.0251.98N/AN/A20454,5461,277
2021-07-21$5.60$5.0071.4%20.5%0.0%0.0%73.4%-1.5%-8.5%23.0K-1.0M-4.0K0.0916.96N/AN/A591514,5421,282
2021-07-22$5.47$5.0078.6%22.5%0.0%0.0%76.3%-4.3%-18.7%21.6K-849.9K-3.7K8.8067.16N/AN/A151324,4191,232
2021-07-23$5.47$5.0077.1%22.1%0.0%0.0%91.3%-8.0%-14.1%19.5K-864.5K-3.7K0.0522.36N/AN/A239134,4231,362
2021-07-26$5.57$5.0079.3%22.7%0.0%0.0%88.0%-3.7%-13.8%19.8K-930.5K-3.6K0.0048.70N/AN/A33804,4221,362
2021-07-27$5.35$5.0085.8%24.6%0.0%0.0%78.9%-12.1%-20.7%20.5K-797.3K-3.6K0.0132.60N/AN/A26324,6441,365
2021-07-28$5.43$5.0084.4%24.2%0.0%0.0%80.0%-6.8%-18.3%21.5K-909.2K-3.6K0.0042.09N/AN/A9004,7711,366
2021-07-29$5.49$4.0084.1%24.1%0.0%0.0%80.3%-5.6%-19.7%24.4K-1.0M-3.6K7.5045.95N/AN/A161204,9661,366
2021-07-30$5.28$4.0088.5%25.4%0.0%0.0%82.0%-16.8%-24.7%21.2K-820.9K-3.5K0.0019.27N/AN/A6404,9781,366