TRUE Options History — May 2022

In May 2022, TRUE traded between $2.85 and $3.80. ATM implied volatility averaged 74.8%. The 30-day expected move averaged 19.8%. Max pain ranged from $3.00 to $4.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.07.

Notable Days

  • 2022-05-31: Highest Volume — 1,538 contracts
  • 2022-05-31: Largest IV spike — 101.5% change
  • 2022-05-02: Largest Expected Move — 33.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.31$2.85$3.80$3.72$3.38
Max Pain$3.33$3.00$4.00$4.00$3.00
ATM IV74.8%33.5%135.2%116.3%67.5%
Expected Move19.8%9.6%33.3%33.3%19.4%
Term Structure-7.9%-40.6%14.9%-40.6%-8.8%
VWIV73.8%48.6%129.4%129.4%71.7%
Skew 25d17.7%-66.4%204.8%-66.4%24.4%
Skew 10d52.6%-84.0%297.9%-83.9%25.6%
Call IV 25d73.6%33.1%137.7%137.7%43.9%
Put IV 25d91.3%50.0%278.8%71.3%68.3%
Bid-Ask Spread %82.8719.74107.1391.5380.19
Gamma HHI0.850.600.970.830.60
Net GEX-19.3K-31.0K-10.0K-15.1K-12.0K
Net DEX305.4K71.0K596.8K177.4K120.8K
Net VEX-2.2K-2.5K-1.7K-2.3K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.000.230.060.01
Total Volume346.3811621,5381621,538
Total OI5,560.0955,1956,5485,2426,548

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$3.72$4.00116.3%33.3%0.0%0.0%129.4%-66.4%-40.6%-15.1K177.4K-2.3K0.0691.53N/AN/A15397904,452
2022-05-03$3.69$4.0099.2%28.4%0.0%0.0%99.1%-14.8%-28.6%-12.8K158.9K-2.3K0.0488.20N/AN/A352157914,452
2022-05-04$3.80$4.00103.1%29.5%0.0%0.0%102.7%-14.1%-34.8%-10.8K71.0K-2.1K0.0690.67N/AN/A245151,0094,460
2022-05-05$3.65$4.00100.1%22.6%0.0%0.0%75.2%8.1%-17.8%-11.6K156.0K-2.4K0.0682.86N/AN/A245151,1104,460
2022-05-06$3.67$4.00109.2%22.7%0.0%0.0%76.1%-5.8%-10.5%-10.0K106.5K-2.3K0.1176.06N/AN/A158181,1104,460
2022-05-09$3.58$4.00135.2%22.7%0.0%0.0%79.1%-23.8%-0.1%-15.7K210.3K-2.3K0.23103.27N/AN/A196461,1204,470
2022-05-10$2.85$4.0061.4%14.4%0.0%0.0%62.2%204.8%0.1%-22.1K596.8K-2.2K0.09102.43N/AN/A231211,1594,492
2022-05-11$3.03$3.0062.1%17.8%0.0%0.0%67.9%-58.0%-5.4%-21.0K464.0K-2.4K0.09103.94N/AN/A231211,2454,487
2022-05-12$3.03$3.0066.1%18.9%0.0%0.0%67.7%9.7%-8.9%-21.3K465.8K-2.4K0.0994.95N/AN/A231211,2444,487
2022-05-13$3.19$3.0059.1%17.0%0.0%0.0%90.8%40.2%-0.6%-21.6K362.8K-2.3K0.1190.53N/AN/A189211,2444,488
2022-05-16$3.09$3.0061.6%17.6%0.0%0.0%66.7%-35.6%-6.2%-22.8K413.1K-2.3K0.0783.66N/AN/A182121,2474,488
2022-05-17$3.19$3.0063.6%18.2%0.0%0.0%72.4%83.0%-12.8%-22.6K334.1K-2.3K0.07103.44N/AN/A182121,2544,488
2022-05-18$3.12$3.0055.9%16.0%0.0%0.0%55.7%-1.6%-2.3%-25.7K429.1K-2.2K0.07102.25N/AN/A182121,2544,488
2022-05-19$3.16$3.0070.0%20.1%0.0%0.0%72.7%-2.1%14.9%-14.1K401.1K-2.3K0.12107.13N/AN/A182211,2544,488
2022-05-20$3.10$3.0065.6%18.8%0.0%0.0%67.2%9.8%-5.7%-21.7K393.9K-2.2K0.1632.03N/AN/A188311,2544,476
2022-05-23$3.11$3.0059.2%17.0%0.0%0.0%61.2%15.8%-16.9%-31.0K393.3K-2.1K0.0386.38N/AN/A18367454,450
2022-05-24$3.12$3.0062.4%17.9%0.0%0.0%64.4%143.1%2.3%-21.1K410.8K-2.1K0.0367.45N/AN/A18367454,451
2022-05-25$3.25$3.0063.5%18.2%0.0%0.0%65.8%24.5%-0.1%-22.5K324.3K-2.1K0.0378.30N/AN/A18767454,451
2022-05-26$3.30$3.0055.5%15.9%0.0%0.0%53.3%13.2%3.3%-27.3K264.2K-1.9K0.0319.74N/AN/A18767524,451
2022-05-27$3.44$3.0033.5%9.6%0.0%0.0%48.6%16.9%13.6%-21.8K158.5K-1.7K0.0055.35N/AN/A1,52967524,451
2022-05-31$3.38$3.0067.5%19.4%0.0%0.0%71.7%24.4%-8.8%-12.0K120.8K-2.5K0.0180.19N/AN/A1,52992,0974,451