TRUE Options History — September 2021

In September 2021, TRUE traded between $4.07 and $4.36. ATM implied volatility averaged 50.8%. The 30-day expected move averaged 14.8%. Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2021-09-07: Highest Volume — 938 contracts
  • 2021-09-02: Largest IV spike — 42.4% change
  • 2021-09-29: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.17$4.07$4.36$4.31$4.16
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV50.8%31.0%57.8%31.0%52.3%
Expected Move14.8%8.9%16.6%8.9%15.0%
Term Structure11.0%-3.1%27.2%17.3%15.2%
VWIV48.3%30.4%57.8%30.4%52.4%
Skew 25d22.9%1.3%56.4%1.3%11.3%
Skew 10d41.8%-1.6%132.5%-1.6%21.0%
Call IV 25d37.2%27.1%53.6%32.8%44.0%
Put IV 25d60.2%34.1%99.7%34.1%55.4%
Bid-Ask Spread %37.6314.2978.0878.0819.27
Gamma HHI0.330.280.420.310.31
Net GEX12.2K7.9K17.1K7.9K11.9K
Net DEX-63.5K-253.5K78.8K15.0K-83.5K
Net VEX-2.0K-2.4K-1.8K-2.0K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.003.250.090.04
Total Volume167.333179383829
Total OI6,3255,6087,2125,6086,338

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$4.31$5.0031.0%8.9%0.0%0.0%30.4%1.3%17.3%7.9K15.0K-2.0K0.0978.08N/AN/A3534,1951,413
2021-09-02$4.13$5.0044.2%13.8%0.0%0.0%55.1%16.1%8.9%8.2K50.9K-2.1K0.0227.74N/AN/A5014,3591,451
2021-09-03$4.15$5.0045.4%15.3%0.0%0.0%43.3%16.7%3.9%8.1K43.1K-2.1K0.0014.29N/AN/A4104,3541,454
2021-09-07$4.12$5.0047.1%14.9%0.0%0.0%52.0%43.1%5.1%8.1K78.8K-1.9K0.0030.20N/AN/A93534,3881,455
2021-09-08$4.09$5.0053.0%15.2%0.0%0.0%51.0%18.6%6.1%8.2K78.3K-2.0K0.0217.03N/AN/A40094,4411,455
2021-09-09$4.16$5.0052.5%15.1%0.0%0.0%52.5%20.5%7.4%13.8K838-2.2K0.0019.38N/AN/A7205,3521,457
2021-09-10$4.23$5.0052.1%14.9%0.0%0.0%52.1%25.8%7.4%14.9K-47.5K-2.3K0.1046.84N/AN/A5155,5421,462
2021-09-13$4.29$5.0055.9%16.0%0.0%0.0%55.9%29.3%4.8%15.1K-81.5K-2.4K0.0134.88N/AN/A14615,5081,462
2021-09-14$4.18$5.0055.1%15.8%0.0%0.0%36.4%44.9%1.8%14.4K-9.9K-2.2K0.0053.30N/AN/A53815,5221,462
2021-09-15$4.16$5.0057.5%16.5%0.0%0.0%39.2%28.6%-3.1%11.9K63.2K-1.9K1.9669.39N/AN/A23455,6111,463
2021-09-16$4.13$5.0050.7%14.5%0.0%0.0%41.8%13.0%0.0%15.3K-130.3K-2.2K0.1229.73N/AN/A2636,0281,184
2021-09-17$4.15$5.0048.0%13.8%0.0%0.0%48.0%16.5%18.8%12.3K-99.1K-2.0K0.0465.73N/AN/A14156,0171,195
2021-09-20$4.07$5.0055.9%16.0%0.0%0.0%48.8%16.9%8.6%11.6K-123.5K-1.9K0.1455.17N/AN/A3655,075866
2021-09-21$4.08$5.0050.9%14.6%0.0%0.0%50.9%15.0%14.6%11.4K-121.7K-2.0K0.4925.40N/AN/A41205,024867
2021-09-22$4.12$5.0053.2%15.2%0.0%0.0%53.1%21.7%13.6%12.2K-130.2K-1.9K0.0158.08N/AN/A20025,051872
2021-09-23$4.17$5.0050.1%14.4%0.0%0.0%44.9%19.0%23.1%12.9K-156.2K-2.0K0.0121.75N/AN/A15815,053852
2021-09-24$4.29$5.0051.2%14.7%0.0%0.0%52.4%27.8%17.2%14.6K-181.2K-2.0K0.7527.07N/AN/A60455,177851
2021-09-27$4.36$5.0047.1%13.5%0.0%0.0%39.6%21.6%27.2%17.1K-253.5K-2.2K0.9114.82N/AN/A1751605,269852
2021-09-28$4.18$5.0056.8%16.3%0.0%0.0%56.6%56.4%13.2%13.7K-163.8K-1.9K1.8217.82N/AN/A11205,302832
2021-09-29$4.10$5.0057.8%16.6%0.0%0.0%57.8%17.7%8.2%11.7K-82.3K-1.9K3.2564.33N/AN/A4135,322992
2021-09-30$4.16$5.0052.3%15.0%0.0%0.0%52.4%11.3%15.2%11.9K-83.5K-1.8K0.0419.27N/AN/A2815,3271,011