TRUE Options History — November 2021

In November 2021, TRUE traded between $3.25 and $4.25. ATM implied volatility averaged 78.7%. The 30-day expected move averaged 22.6%. Max pain ranged from $3.00 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 1.02.

Notable Days

  • 2021-11-02: Highest Volume — 7,851 contracts
  • 2021-11-23: Largest IV spike — 56.3% change
  • 2021-11-03: Largest Expected Move — 40.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.80$3.25$4.25$4.25$3.25
Max Pain$4.00$3.00$5.00$5.00$4.00
ATM IV78.7%53.6%142.5%94.8%65.8%
Expected Move22.6%15.4%40.8%27.2%18.9%
Term Structure-6.1%-31.6%25.1%-21.7%-9.3%
VWIV79.0%38.3%153.4%97.3%78.0%
Skew 25d-8.4%-65.5%65.4%-6.7%9.7%
Skew 10d-9.3%-133.8%91.9%-37.8%30.5%
Call IV 25d78.6%50.6%169.9%95.4%51.4%
Put IV 25d70.2%40.1%136.6%88.7%61.2%
Bid-Ask Spread %43.8913.75100.0620.3893.83
Gamma HHI0.430.290.730.450.39
Net GEX14.5K3.1K38.5K38.0K3.1K
Net DEX-79.7K-1.0M445.0K-820.2K43.8K
Net VEX-2.1K-4.8K-670-4.1K-673
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.025.505.501.64
Total Volume967.3812097,8511,235448
Total OI9,417.814,35512,84410,7564,589

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$4.25$5.0094.8%27.2%0.0%0.0%97.3%-6.7%-21.7%38.0K-820.2K-4.1K5.5020.38N/AN/A1901,0459,0971,659
2021-11-02$4.16$5.00123.3%35.4%0.0%0.0%153.0%-65.5%-18.8%31.1K-1.0M-4.6K0.0235.17N/AN/A7,6951569,1471,668
2021-11-03$4.01$5.00142.5%40.8%0.0%0.0%153.4%-33.2%-31.6%31.0K-1.0M-4.8K0.2635.04N/AN/A1,15829810,1121,772
2021-11-04$4.09$4.0079.5%22.0%0.0%0.0%80.6%-1.5%-7.3%38.5K-473.6K-3.9K0.1051.68N/AN/A1,30512910,6222,222
2021-11-05$4.08$4.0074.7%23.6%0.0%0.0%76.4%-14.2%-14.5%29.0K-254.8K-3.3K0.3617.59N/AN/A3231169,8152,097
2021-11-08$4.01$4.0071.8%20.6%0.0%0.0%67.6%-13.9%-3.2%21.5K-49.0K-2.6K0.1650.30N/AN/A7041169,7332,098
2021-11-09$4.05$4.0074.9%20.8%0.0%0.0%71.8%-12.8%-3.2%22.4K-64.2K-2.5K0.0920.08N/AN/A1,3081219,6602,103
2021-11-10$4.04$4.0073.5%21.1%0.0%0.0%71.4%-17.9%-5.4%15.9K117.4K-2.1K0.3545.50N/AN/A2961038,9632,084
2021-11-11$3.98$4.0075.2%21.6%0.0%0.0%73.4%-14.3%-9.1%12.9K144.4K-2.1K0.3336.32N/AN/A3231089,0002,087
2021-11-12$3.97$4.0073.8%21.1%0.0%0.0%72.0%-11.5%-7.1%9.6K195.9K-1.8K0.3813.75N/AN/A2791059,0212,095
2021-11-15$3.92$4.0072.0%20.6%0.0%0.0%68.3%8.3%-4.0%6.0K257.7K-1.6K0.4438.24N/AN/A2591139,0572,104
2021-11-16$3.91$3.0073.3%21.0%0.0%0.0%68.6%8.5%-4.1%4.5K265.0K-1.6K0.5416.13N/AN/A2871569,0652,084
2021-11-17$3.93$3.0071.4%20.5%0.0%0.0%71.0%-11.5%-3.1%3.4K241.4K-1.5K0.4319.32N/AN/A2951279,0602,033
2021-11-18$3.72$3.0069.4%19.9%0.0%0.0%63.0%-10.2%-3.0%8.0K404.6K-1.3K0.3033.68N/AN/A279859,0832,026
2021-11-19$3.54$4.0070.1%20.1%0.0%0.0%65.3%-14.4%-1.2%6.2K445.0K-1.0K0.9750.84N/AN/A2532469,0842,025
2021-11-22$3.46$4.0062.8%18.0%0.0%0.0%59.4%-18.1%-4.1%5.4K-47.7K-8890.3254.47N/AN/A158513,936419
2021-11-23$3.40$4.0098.1%28.1%0.0%0.0%38.3%65.4%-22.0%5.0K-60.1K-9051.9068.12N/AN/A1552943,979419
2021-11-24$3.43$4.0064.9%18.6%0.0%0.0%90.7%10.3%21.9%4.9K-23.7K-1.0K2.48100.06N/AN/A1223034,006573
2021-11-26$3.33$4.0066.7%19.1%0.0%0.0%86.5%16.8%25.1%3.8K29.0K-7702.5693.34N/AN/A1112844,009579
2021-11-29$3.29$4.0053.6%15.4%0.0%0.0%52.9%-50.3%-2.3%3.5K39.7K-6702.1927.84N/AN/A1292824,010579
2021-11-30$3.25$4.0065.8%18.9%0.0%0.0%78.0%9.7%-9.3%3.1K43.8K-6731.6493.83N/AN/A1702784,000589