TRUE Options History — March 2022

In March 2022, TRUE traded between $3.08 and $3.97. ATM implied volatility averaged 53.9%. The 30-day expected move averaged 20.2%. Max pain ranged from $3.00 to $4.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 20.99.

Notable Days

  • 2022-03-17: Highest Volume — 4,891 contracts
  • 2022-03-03: Largest IV spike — 45.0% change
  • 2022-03-11: Largest Expected Move — 32.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.58$3.08$3.97$3.36$3.97
Max Pain$3.43$3.00$4.00$3.00$4.00
ATM IV53.9%39.3%78.5%42.5%50.9%
Expected Move20.2%12.2%32.6%12.2%18.3%
Term Structure13.1%-9.6%36.4%-0.1%10.9%
VWIV70.4%42.8%120.7%42.8%61.7%
Skew 25d18.2%-24.8%99.1%3.3%99.1%
Skew 10d41.2%-33.9%149.1%3.8%149.1%
Call IV 25d61.3%40.0%87.4%40.0%51.1%
Put IV 25d79.5%42.1%150.2%43.4%150.2%
Bid-Ask Spread %74.2633.79136.1963.2859.16
Gamma HHI0.700.480.930.780.48
Net GEX-21.6K-41.4K-3.4K-30.5K-3.4K
Net DEX385.2K-5.6K961.1K623.0K-5.6K
Net VEX-4.0K-5.3K-2.7K-5.1K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio20.990.0441.1340.420.22
Total Volume2,801.3481204,8914,805140
Total OI11,097.73910,25311,72711,55110,427

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$3.36$3.0042.5%12.2%0.0%0.0%42.8%3.3%-0.1%-30.5K623.0K-5.1K40.4263.28N/AN/A1164,6892,5898,962
2022-03-02$3.38$3.0048.3%13.8%0.0%0.0%50.8%-18.3%1.4%-27.9K734.6K-5.3K41.1380.55N/AN/A1144,6892,5918,962
2022-03-03$3.26$3.0070.0%20.1%0.0%0.0%69.8%-5.4%16.6%-28.3K640.1K-5.3K40.7737.42N/AN/A1154,6892,5928,962
2022-03-04$3.16$3.0078.5%22.5%0.0%0.0%78.0%-18.1%-5.9%-28.7K719.1K-5.0K40.7752.95N/AN/A1154,6892,5938,967
2022-03-07$3.08$3.0075.7%21.7%0.0%0.0%86.5%10.2%12.5%-33.7K961.1K-5.2K40.77101.05N/AN/A1154,6892,5938,967
2022-03-08$3.27$3.0063.2%30.0%0.0%0.0%120.7%46.8%13.6%-41.4K813.4K-5.0K40.42108.78N/AN/A1164,6892,5928,967
2022-03-09$3.33$3.0044.3%21.5%0.0%0.0%78.9%2.2%16.5%-37.8K564.8K-4.7K40.4246.10N/AN/A1164,6892,5928,967
2022-03-10$3.40$3.0054.9%21.5%0.0%0.0%92.8%-17.3%29.9%-22.2K727.3K-5.2K40.4254.52N/AN/A1164,6892,5938,967
2022-03-11$3.41$3.0062.5%32.6%0.0%0.0%102.1%-3.6%19.0%-25.1K563.0K-5.1K40.3963.00N/AN/A1164,6852,5938,967
2022-03-14$3.42$3.0050.1%21.3%0.0%0.0%72.5%-17.1%34.6%-35.6K594.4K-4.6K33.7062.96N/AN/A1394,6852,5928,967
2022-03-15$3.51$3.0068.6%17.8%0.0%0.0%71.5%-24.8%-9.6%-32.2K548.5K-4.5K30.2587.14N/AN/A1554,6892,6038,967
2022-03-16$3.60$3.0052.3%16.5%0.0%0.0%61.9%-9.7%4.0%-30.7K526.4K-4.5K28.7479.38N/AN/A1634,6842,6378,970
2022-03-17$3.70$0.0052.0%24.7%0.0%0.0%0.0%-7.1%36.4%-27.3K216.7K-3.3K23.09128.58N/AN/A2034,6882,6538,970
2022-03-18$3.77$0.0041.9%30.5%0.0%0.0%77.4%-6.0%30.3%-22.9K114.8K-3.0K0.04136.19N/AN/A397172,7528,975
2022-03-21$3.79$4.0051.0%14.3%0.0%0.0%49.9%72.1%-3.1%-10.3K86.1K-2.8K0.4764.78N/AN/A119561,3868,917
2022-03-22$3.80$4.0046.4%16.3%0.0%0.0%57.6%16.9%11.2%-13.6K113.4K-3.0K0.1096.42N/AN/A165171,3868,867
2022-03-23$3.77$4.0039.3%17.0%0.0%0.0%59.4%84.3%14.4%-8.7K106.4K-3.1K0.0868.38N/AN/A150121,4508,878
2022-03-24$3.87$4.0044.2%17.8%0.0%0.0%61.4%-11.7%20.5%-9.3K68.3K-3.0K0.1169.84N/AN/A110121,4528,882
2022-03-25$3.92$4.0040.8%16.8%0.0%0.0%57.9%80.8%16.6%-4.7K32.4K-2.8K0.1194.30N/AN/A114121,4538,887
2022-03-28$3.94$4.0046.6%18.4%0.0%0.0%64.2%85.7%17.5%-5.2K8.7K-2.7K0.1333.79N/AN/A106141,4768,891
2022-03-29$3.96$4.0061.1%18.0%0.0%0.0%61.8%63.0%1.1%-5.1K2.0K-2.7K0.0749.46N/AN/A163111,4768,891
2022-03-30$3.75$4.0054.7%20.2%0.0%0.0%70.3%-6.9%13.4%-11.8K101.0K-3.1K0.0769.95N/AN/A163111,5368,891
2022-03-31$3.97$4.0050.9%18.3%0.0%0.0%61.7%99.1%10.9%-3.4K-5.6K-2.7K0.2259.16N/AN/A115251,5368,891