TRUE Options History — December 2021

In December 2021, TRUE traded between $3.14 and $3.69. ATM implied volatility averaged 69.8%. The 30-day expected move averaged 19.3%. Max pain ranged from $4.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.40.

Notable Days

  • 2021-12-01: Highest Volume — 523 contracts
  • 2021-12-07: Largest IV drop — 46.5% change
  • 2021-12-15: Largest Expected Move — 27.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.41$3.14$3.69$3.30$3.39
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV69.8%44.4%106.8%67.8%56.3%
Expected Move19.3%12.7%27.9%19.4%16.1%
Term Structure-1.4%-68.9%25.4%-13.5%25.4%
VWIV69.8%45.0%130.9%76.8%61.9%
Skew 25d5.7%-23.6%46.0%4.2%-4.6%
Skew 10d25.9%2.9%102.5%23.7%19.3%
Call IV 25d56.4%33.6%88.9%50.4%74.0%
Put IV 25d62.1%41.3%89.0%54.6%69.3%
Bid-Ask Spread %35.928.0487.7743.258.04
Gamma HHI0.430.280.580.390.44
Net GEX3.5K1.3K8.0K3.6K2.9K
Net DEX2.7K-57.0K62.1K31.6K-56.7K
Net VEX-602-887-374-705-552
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.052.241.130.12
Total Volume227.5136523523240
Total OI4,354.5913,5604,7604,6194,033

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$3.30$4.0067.8%19.4%0.0%0.0%76.8%4.2%-13.5%3.6K31.6K-7051.1343.25N/AN/A2452784,024595
2021-12-02$3.35$4.0056.9%16.3%0.0%0.0%130.9%21.6%13.6%3.6K49.4K-6462.2481.56N/AN/A1242784,146595
2021-12-03$3.34$4.0076.3%21.9%0.0%0.0%97.0%-19.3%10.8%4.4K15.4K-7471.7377.29N/AN/A1612784,145595
2021-12-06$3.55$4.00106.8%22.7%0.0%0.0%69.6%12.3%6.6%2.6K26.2K-7260.2387.77N/AN/A157364,165595
2021-12-07$3.66$4.0057.1%19.5%0.0%0.0%62.2%-1.7%1.5%7.1K-42.0K-8520.2115.13N/AN/A168364,168589
2021-12-08$3.69$4.0067.3%19.1%0.0%0.0%58.9%0.8%-0.5%7.6K-55.6K-8870.2220.32N/AN/A162364,159589
2021-12-09$3.66$4.0063.5%18.4%0.0%0.0%58.5%-6.0%2.7%7.2K-29.8K-7970.2318.76N/AN/A156364,165589
2021-12-10$3.69$4.0069.5%19.6%0.0%0.0%59.8%-4.0%-5.6%8.0K-57.0K-8310.3117.76N/AN/A117364,165589
2021-12-13$3.56$4.0074.4%20.1%0.0%0.0%60.3%-15.1%-4.0%2.6K52.5K-5870.3117.24N/AN/A116364,157589
2021-12-14$3.39$4.0095.7%18.8%0.0%0.0%67.1%-2.7%7.3%3.0K62.1K-5330.3157.44N/AN/A116364,157589
2021-12-15$3.38$4.0097.5%27.9%0.0%0.0%84.9%15.8%-24.1%2.4K48.8K-6100.2781.69N/AN/A117324,157589
2021-12-16$3.20$4.0081.5%23.4%0.0%0.0%72.5%8.5%-68.9%2.6K49.0K-5250.2843.06N/AN/A116324,166591
2021-12-17$3.25$4.0082.2%23.6%0.0%0.0%61.6%41.8%-13.4%1.9K38.8K-5090.1928.23N/AN/A143274,166509
2021-12-20$3.14$4.0070.8%20.3%0.0%0.0%74.1%-5.7%-0.7%1.3K29.7K-3740.1933.12N/AN/A114223,181379
2021-12-21$3.26$4.0070.1%20.1%0.0%0.0%70.6%46.0%-14.2%1.6K23.3K-3950.1837.83N/AN/A123223,190380
2021-12-22$3.32$4.0064.4%18.5%0.0%0.0%81.9%31.3%1.5%1.8K12.4K-4240.1051.09N/AN/A214223,199380
2021-12-23$3.42$4.0069.0%19.8%0.0%0.0%68.1%0.1%-1.5%2.2K-2.6K-5210.0528.33N/AN/A402223,300380
2021-12-27$3.40$4.0049.5%14.2%0.0%0.0%69.3%-23.6%15.5%2.6K-26.3K-5240.1316.43N/AN/A175223,529381
2021-12-28$3.39$4.0063.2%18.1%0.0%0.0%45.0%16.3%6.3%2.6K-35.8K-5300.138.04N/AN/A170223,573381
2021-12-29$3.33$4.0051.7%14.8%0.0%0.0%54.8%5.1%3.8%2.4K-32.6K-4940.168.22N/AN/A145233,591381
2021-12-30$3.41$4.0044.4%12.7%0.0%0.0%48.9%5.2%20.9%2.4K-40.8K-4790.159.68N/AN/A167253,616384
2021-12-31$3.39$4.0056.3%16.1%0.0%0.0%61.9%-4.6%25.4%2.9K-56.7K-5520.128.04N/AN/A215253,649384