TRUE Options History — April 2022

In April 2022, TRUE traded between $3.55 and $3.98. ATM implied volatility averaged 72.6%. The 30-day expected move averaged 22.4%. Max pain ranged from $3.00 to $4.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.14.

Notable Days

  • 2022-04-07: Highest Volume — 258 contracts
  • 2022-04-12: Largest IV spike — 53.6% change
  • 2022-04-28: Largest Expected Move — 38.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.77$3.55$3.98$3.96$3.62
Max Pain$3.35$3.00$4.00$3.00$4.00
ATM IV72.6%40.7%134.8%49.5%96.8%
Expected Move22.4%17.3%38.6%19.7%27.8%
Term Structure-9.2%-58.0%22.9%18.7%-17.4%
VWIV67.1%48.9%117.4%54.9%83.7%
Skew 25d-3.5%-38.9%42.6%7.0%-11.6%
Skew 10d17.8%-36.4%142.7%11.7%40.9%
Call IV 25d65.8%46.4%91.9%49.9%86.5%
Put IV 25d62.3%49.2%118.2%56.9%74.9%
Bid-Ask Spread %63.6425.85107.4352.98103.18
Gamma HHI0.660.480.800.490.77
Net GEX-8.8K-13.5K-2.0K-3.6K-11.8K
Net DEX137.5K-31.8K276.0K-31.8K182.2K
Net VEX-2.5K-2.9K-2.1K-2.7K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.000.360.200.06
Total Volume190.2510258202161
Total OI7,822.85,16510,47310,4585,242

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$3.96$3.0049.5%19.7%0.0%0.0%54.9%7.0%18.7%-3.6K-31.8K-2.7K0.2052.98N/AN/A168341,5488,910
2022-04-04$3.98$3.0052.0%20.4%0.0%0.0%58.2%8.0%-7.9%-4.8K2.3K-2.6K0.1291.28N/AN/A218261,5538,920
2022-04-05$3.95$3.0054.6%17.3%0.0%0.0%54.0%3.1%0.2%-3.1K31.5K-2.7K0.1654.84N/AN/A213341,4878,920
2022-04-06$3.85$3.0058.6%19.5%0.0%0.0%49.9%-28.2%0.2%-5.9K116.7K-2.9K0.2145.46N/AN/A213441,4888,930
2022-04-07$3.90$3.0054.0%18.5%0.0%0.0%54.1%1.4%3.1%-4.8K105.1K-2.6K0.2173.69N/AN/A214441,4888,926
2022-04-08$3.85$3.0040.7%20.2%0.0%0.0%48.9%8.2%-9.9%-2.0K112.2K-2.7K0.2574.34N/AN/A181451,4908,946
2022-04-11$3.74$3.0049.1%20.5%0.0%0.0%62.9%23.8%-12.9%-7.6K175.7K-2.7K0.2850.33N/AN/A181511,4948,940
2022-04-12$3.76$3.0075.4%20.8%0.0%0.0%58.5%-10.4%-15.1%-6.0K149.3K-2.5K0.3657.38N/AN/A173621,4948,935
2022-04-13$3.85$3.0066.3%19.0%0.0%0.0%62.6%10.4%-10.7%-4.8K41.7K-2.2K0.2725.85N/AN/A168451,4948,932
2022-04-14$3.85$3.0069.6%19.9%0.0%0.0%48.9%-0.2%22.9%-11.9K179.1K-2.5K0.2743.37N/AN/A176471,4958,932
2022-04-18$3.87$3.0068.9%19.8%0.0%0.0%71.0%-25.4%-7.9%-11.8K65.7K-2.1K0.0430.85N/AN/A16867174,448
2022-04-19$3.87$3.0067.7%19.4%0.0%0.0%74.0%-22.2%-1.2%-11.1K124.3K-2.5K0.0433.89N/AN/A14967484,449
2022-04-20$3.79$3.0070.7%20.3%0.0%0.0%60.9%-2.6%3.9%-11.5K115.3K-2.4K0.0550.30N/AN/A15387544,449
2022-04-21$3.59$4.0085.5%24.5%0.0%0.0%75.0%10.3%-23.4%-11.6K198.6K-2.5K0.0538.22N/AN/A15387624,451
2022-04-22$3.56$4.0078.1%22.4%0.0%0.0%69.2%-18.4%-14.6%-11.9K276.0K-2.8K0.0585.25N/AN/A14787624,451
2022-04-25$3.63$4.00102.7%29.4%0.0%0.0%91.2%-1.9%-19.9%-12.0K228.7K-2.6K0.06104.80N/AN/A15597644,451
2022-04-26$3.55$4.0084.5%24.2%0.0%0.0%80.3%-25.5%-16.4%-12.4K230.6K-2.6K0.0647.56N/AN/A14697754,452
2022-04-27$3.55$4.0093.2%26.7%0.0%0.0%0.0%-38.9%-17.9%-13.5K248.8K-2.5K0.00101.84N/AN/A1007774,452
2022-04-28$3.70$4.00134.8%38.6%0.0%0.0%117.4%42.6%-58.0%-13.4K197.6K-2.4K0.06107.43N/AN/A16397784,452
2022-04-29$3.62$4.0096.8%27.8%0.0%0.0%83.7%-11.6%-17.4%-11.8K182.2K-2.4K0.06103.18N/AN/A15297904,452