TRUE Options History — August 2021

In August 2021, TRUE traded between $3.83 and $5.33. ATM implied volatility averaged 57.9%. The 30-day expected move averaged 16.1%. 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 13 of 22 days. Put/call ratio averaged 1.26.

Notable Days

  • 2021-08-06: Highest Volume — 3,953 contracts
  • 2021-08-06: Largest IV drop — 46.0% change
  • 2021-08-04: Largest Expected Move — 26.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.27$3.83$5.33$5.33$4.19
Max Pain$4.86$4.00$5.00$4.00$5.00
ATM IV57.9%44.7%100.0%88.0%51.4%
Expected Move16.1%12.9%26.7%25.2%14.7%
Term Structure-2.5%-32.0%9.7%-20.7%-3.1%
VWIV56.6%45.0%90.8%85.7%51.4%
Skew 25d5.3%-12.2%45.9%-11.1%12.5%
Skew 10d7.7%-49.5%73.8%-49.5%21.7%
Call IV 25d51.9%36.8%91.8%91.8%41.1%
Put IV 25d57.1%41.9%86.7%80.7%53.6%
Bid-Ask Spread %45.4510.3082.8749.1130.61
Gamma HHI0.530.320.830.410.33
Net GEX15.2K5.9K27.3K17.8K8.2K
Net DEX-24.7K-927.5K386.0K-927.5K32.6K
Net VEX-2.2K-3.3K-1.7K-3.3K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.0125.090.250.23
Total Volume544.409303,95330220
Total OI7,601.7735,01510,2156,4785,317

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$5.33$4.0088.0%25.2%0.0%0.0%85.7%-11.1%-20.7%17.8K-927.5K-3.3K0.2549.11N/AN/A2464,9921,486
2021-08-03$5.26$4.0090.3%25.9%0.0%0.0%87.5%-1.9%-22.2%18.8K-798.2K-3.2K0.0827.92N/AN/A7564,9821,486
2021-08-04$5.26$4.0093.3%26.7%0.0%0.0%90.8%1.4%-32.0%18.7K-787.5K-3.1K25.0937.74N/AN/A225524,9891,492
2021-08-05$5.24$5.00100.0%19.6%0.0%0.0%68.5%-12.2%-4.6%18.5K-782.9K-3.1K0.4071.94N/AN/A8703474,9981,497
2021-08-06$4.18$5.0054.0%13.3%0.0%0.0%53.0%-2.6%9.7%8.1K322.0K-1.7K0.0682.87N/AN/A3,7202335,0052,048
2021-08-09$4.27$5.0044.7%14.9%0.0%0.0%63.0%-8.0%-1.9%12.9K246.2K-1.9K0.0210.30N/AN/A1,897425,7482,400
2021-08-10$4.13$5.0057.2%13.8%0.0%0.0%53.3%12.4%5.9%18.3K154.2K-2.4K0.0367.14N/AN/A365117,2472,484
2021-08-11$4.15$5.0051.7%14.8%0.0%0.0%53.0%-8.7%0.3%18.6K255.2K-2.4K0.0537.79N/AN/A12977,3562,516
2021-08-12$4.02$5.0049.7%14.3%0.0%0.0%49.8%2.3%1.4%23.9K302.3K-2.0K0.0666.80N/AN/A188117,6542,515
2021-08-13$3.91$5.0045.6%13.1%0.0%0.0%46.8%-0.6%3.4%24.1K386.0K-1.8K0.5149.90N/AN/A5622887,7002,515
2021-08-16$4.01$5.0047.3%13.6%0.0%0.0%47.3%13.0%4.3%25.8K180.6K-1.9K0.0939.87N/AN/A268237,7032,204
2021-08-17$3.86$5.0050.7%14.5%0.0%0.0%50.8%0.3%1.9%19.0K89.0K-1.8K0.1450.56N/AN/A265367,8651,821
2021-08-18$3.89$5.0049.2%14.1%0.0%0.0%49.2%14.9%2.7%27.3K92.7K-1.9K0.1164.02N/AN/A94107,9881,819
2021-08-19$3.83$5.0049.0%14.1%0.0%0.0%48.9%-0.8%0.4%23.2K149.5K-1.7K0.1866.00N/AN/A3368,1861,850
2021-08-20$3.86$5.0047.3%13.6%0.0%0.0%47.3%2.7%1.0%5.9K196.1K-1.7K0.1033.54N/AN/A397388,2391,850
2021-08-23$3.95$5.0045.0%12.9%0.0%0.0%45.0%45.9%2.0%6.4K135.1K-1.7K0.0177.00N/AN/A17823,6271,388
2021-08-24$4.08$5.0050.9%14.6%0.0%0.0%50.9%10.0%3.1%6.6K67.0K-2.0K0.0115.06N/AN/A34923,6551,388
2021-08-25$4.07$5.0052.0%14.9%0.0%0.0%47.2%9.4%-2.1%6.9K71.3K-2.0K0.0111.68N/AN/A8513,7711,389
2021-08-26$4.07$5.0049.4%14.2%0.0%0.0%49.4%10.3%1.3%8.1K55.0K-2.0K0.0928.15N/AN/A3233,9921,389
2021-08-27$4.16$5.0052.5%15.0%0.0%0.0%52.4%11.6%-1.8%8.2K35.3K-2.1K0.1139.15N/AN/A150163,9431,389
2021-08-30$4.26$5.0054.2%15.5%0.0%0.0%54.2%15.1%-4.9%8.8K-16.5K-2.2K0.0742.66N/AN/A388263,9641,392
2021-08-31$4.19$5.0051.4%14.7%0.0%0.0%51.4%12.5%-3.1%8.2K32.6K-2.0K0.2330.61N/AN/A179413,9251,392