TRUE Options History — September 2022

In September 2022, TRUE traded between $1.52 and $2.09. ATM implied volatility averaged 118.7%. The 30-day expected move averaged 27.8%. Max pain ranged from $2.00 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.80.

Notable Days

  • 2022-09-29: Highest Volume — 110 contracts
  • 2022-09-13: Largest IV spike — 297.8% change
  • 2022-09-30: Largest Expected Move — 78.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.77$1.52$2.09$2.09$1.52
Max Pain$2.48$2.00$3.00$2.00$2.00
ATM IV118.7%44.8%308.5%120.0%274.6%
Expected Move27.8%9.5%78.7%34.4%78.7%
Term Structure2.4%-123.3%137.6%-123.3%99.1%
VWIV148.6%44.5%291.3%181.6%291.3%
Skew 25d49.5%-80.6%228.9%4.8%-80.6%
Skew 10d42.8%-178.2%312.3%26.4%-55.1%
Call IV 25d78.8%33.6%392.6%87.4%392.6%
Put IV 25d128.3%56.3%312.0%92.2%312.0%
Bid-Ask Spread %86.9634.20130.4849.52118.46
Gamma HHI0.560.470.850.850.48
Net GEX8242663.0K3.0K445
Net DEX-29.0K-146.6K-5.7K-97.4K-17.9K
Net VEX-142-370-58-370-120
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.800.0025.000.000.64
Total Volume41.76201104110
Total OI1,390.2866392,0452,038704

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-09-01$2.09$2.00120.0%34.4%0.0%0.0%181.6%4.8%-123.3%3.0K-97.4K-3700.0049.52N/AN/A402,02810
2022-09-02$2.07$2.0070.4%20.2%0.0%0.0%0.0%-9.2%-37.9%1.2K-36.2K-1860.00101.81N/AN/A002,03010
2022-09-06$1.96$3.00227.5%47.1%0.0%0.0%153.4%-17.2%-76.5%2.4K-146.6K-3600.23130.48N/AN/A60142,03010
2022-09-07$1.96$3.0054.1%14.3%0.0%0.0%61.7%166.3%5.1%841-22.7K-1410.23104.72N/AN/A61142,03010
2022-09-08$1.96$3.0047.7%13.1%0.0%0.0%0.0%17.7%9.8%885-22.4K-1380.0037.65N/AN/A002,03110
2022-09-09$2.00$3.00102.4%10.6%0.0%0.0%0.0%17.0%17.8%955-25.7K-1430.0072.07N/AN/A502,03110
2022-09-12$1.95$3.0077.5%9.7%0.0%0.0%0.0%198.4%22.5%823-20.3K-1180.00103.25N/AN/A102,03110
2022-09-13$1.84$3.00308.5%9.5%0.0%0.0%44.5%51.0%31.8%1.6K-33.7K-1520.24110.73N/AN/A62152,03210
2022-09-14$1.87$3.0044.8%12.8%0.0%0.0%0.0%53.2%30.1%555-22.2K-1380.0098.85N/AN/A102,03211
2022-09-15$1.83$3.0089.0%25.5%0.0%0.0%0.0%228.9%-22.8%626-25.4K-1580.00116.09N/AN/A102,03311
2022-09-16$1.73$3.0090.6%26.0%0.0%0.0%118.4%47.6%137.6%457-15.6K-1090.2463.50N/AN/A63152,03411
2022-09-19$1.67$3.00120.8%34.6%0.0%0.0%52.6%53.0%-4.7%481-12.3K-820.0073.84N/AN/A1006318
2022-09-20$1.63$2.0055.0%15.8%0.0%0.0%52.7%5.8%2.0%419-15.3K-10625.0034.20N/AN/A1256408
2022-09-21$1.55$2.00146.6%42.0%0.0%0.0%244.0%36.5%-1.9%266-42.6K-1650.00111.83N/AN/A02564133
2022-09-22$1.61$2.0047.4%13.6%0.0%0.0%0.0%2.2%-1.5%381-9.3K-940.0096.66N/AN/A0164133
2022-09-23$1.62$2.00152.0%43.6%0.0%0.0%0.0%58.7%-18.3%452-11.5K-960.00117.72N/AN/A0064134
2022-09-26$1.62$2.0059.7%17.1%0.0%0.0%71.9%23.5%-3.3%322-5.7K-690.5536.64N/AN/A603364134
2022-09-27$1.60$2.0098.8%28.3%0.0%0.0%147.7%56.3%-4.3%372-5.8K-580.5592.05N/AN/A603365034
2022-09-28$1.64$2.00133.5%38.3%0.0%0.0%224.5%66.0%-4.0%481-12.3K-960.5552.88N/AN/A603365034
2022-09-29$1.55$2.00170.9%49.0%0.0%0.0%288.0%59.0%-6.7%394-7.2K-750.64103.11N/AN/A674365034
2022-09-30$1.52$2.00274.6%78.7%0.0%0.0%291.3%-80.6%99.1%445-17.9K-1200.64118.46N/AN/A674366044