TRUE Options History — February 2022

In February 2022, TRUE traded between $3.28 and $3.73. ATM implied volatility averaged 77.7%. The 30-day expected move averaged 22.8%. Max pain ranged from $3.00 to $3.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 35.33.

Notable Days

  • 2022-02-03: Highest Volume — 9,169 contracts
  • 2022-02-28: Largest IV drop — 42.3% change
  • 2022-02-17: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.47$3.28$3.73$3.44$3.36
Max Pain$3.00$3.00$3.00$3.00$3.00
ATM IV77.7%41.3%93.8%91.0%41.3%
Expected Move22.8%11.8%26.9%26.1%11.8%
Term Structure-11.3%-24.9%24.1%0.0%24.1%
VWIV79.3%43.0%95.7%83.2%43.0%
Skew 25d9.0%-9.7%41.7%41.7%5.2%
Skew 10d42.6%0.4%138.8%121.3%3.9%
Call IV 25d70.2%38.9%102.7%49.0%38.9%
Put IV 25d79.2%44.1%104.4%90.7%44.1%
Bid-Ask Spread %48.8418.9385.0933.1624.18
Gamma HHI0.670.430.850.430.80
Net GEX-20.6K-34.1K3.4K3.2K-34.1K
Net DEX440.1K-189.7K762.1K-186.5K729.5K
Net VEX-5.1K-6.5K-566-605-5.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio35.330.1080.140.1041.13
Total Volume4,710.6841309,1691714,803
Total OI9,667.8951,40811,6871,40811,553

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$3.44$3.0091.0%26.1%0.0%0.0%83.2%41.7%0.0%3.2K-186.5K-6050.1033.16N/AN/A156151,31098
2022-02-02$3.43$3.0069.7%20.0%0.0%0.0%80.6%-1.0%-15.2%3.4K-189.7K-5950.1326.26N/AN/A115151,35298
2022-02-03$3.35$3.0070.0%22.9%0.0%0.0%80.1%-0.8%9.2%3.0K-169.3K-56680.1481.76N/AN/A1139,0561,353108
2022-02-04$3.39$3.0085.0%24.6%0.0%0.0%87.3%8.6%-18.1%-23.7K701.2K-6.3K43.9951.81N/AN/A1084,7511,3538,921
2022-02-07$3.36$3.0059.5%23.3%0.0%0.0%82.1%1.0%-17.6%-27.2K671.7K-5.9K45.2559.29N/AN/A1054,7511,3568,971
2022-02-08$3.47$3.0075.9%22.3%0.0%0.0%78.7%8.2%-9.6%-28.0K687.5K-6.0K45.2526.85N/AN/A1054,7511,3588,971
2022-02-09$3.50$3.0085.2%24.4%0.0%0.0%82.2%13.6%-24.9%-26.7K639.3K-6.0K44.4024.67N/AN/A1074,7511,3578,971
2022-02-10$3.50$3.0085.1%24.4%0.0%0.0%80.1%10.5%-22.5%-24.6K651.3K-5.9K3.2874.70N/AN/A1,4484,7561,3598,971
2022-02-11$3.46$3.0087.4%25.0%0.0%0.0%81.4%11.6%-15.8%-19.0K488.1K-6.5K3.2646.20N/AN/A1,4484,7162,7008,974
2022-02-14$3.61$3.0082.2%23.6%0.0%0.0%82.6%10.7%-4.7%-30.1K433.8K-5.7K44.0532.87N/AN/A1074,7132,7088,974
2022-02-15$3.71$3.0083.0%23.8%0.0%0.0%81.6%-2.2%-14.1%-22.5K239.9K-5.6K48.3542.94N/AN/A974,6902,7138,974
2022-02-16$3.73$3.0084.0%24.1%0.0%0.0%83.9%23.3%-18.0%-17.5K306.5K-6.0K49.3744.85N/AN/A954,6902,6988,976
2022-02-17$3.67$3.0093.8%26.9%0.0%0.0%95.7%2.3%-24.3%-18.1K271.7K-5.9K48.3518.93N/AN/A974,6902,6998,976
2022-02-18$3.54$3.0092.0%26.4%0.0%0.0%86.8%-9.2%-19.8%-21.6K450.8K-6.1K38.8185.09N/AN/A1214,6962,7048,974
2022-02-22$3.52$3.0090.9%26.0%0.0%0.0%95.5%1.7%-24.6%-19.3K458.9K-6.0K24.0883.45N/AN/A1964,7192,5078,952
2022-02-23$3.28$3.0061.8%17.7%0.0%0.0%73.2%-9.7%-4.1%-31.4K762.1K-5.7K29.0764.64N/AN/A1624,7092,6168,988
2022-02-24$3.28$3.0066.9%19.2%0.0%0.0%63.0%21.7%-3.0%-31.0K745.6K-5.7K40.9772.37N/AN/A1154,7112,5828,965
2022-02-25$3.31$3.0071.5%20.5%0.0%0.0%65.5%33.1%-11.9%-26.5K669.8K-5.7K41.3233.96N/AN/A1144,7112,5858,965
2022-02-28$3.36$3.0041.3%11.8%0.0%0.0%43.0%5.2%24.1%-34.1K729.5K-5.2K41.1324.18N/AN/A1144,6892,5888,965