TRUE Options History — January 2023

In January 2023, TRUE traded between $2.56 and $3.21. ATM implied volatility averaged 64.7%. The 30-day expected move averaged 18.5%. Max pain ranged from $2.00 to $2.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 56.57.

Notable Days

  • 2023-01-26: Highest Volume — 790 contracts
  • 2023-01-06: Largest IV spike — 36.4% change
  • 2023-01-05: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.96$2.56$3.21$2.56$3.21
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV64.7%52.4%80.1%56.9%54.1%
Expected Move18.5%15.0%21.7%16.3%15.5%
Term Structure2.6%-24.2%27.4%-13.8%13.2%
VWIV68.2%45.5%87.2%87.2%45.5%
Skew 25d32.4%-53.9%204.2%13.4%1.3%
Skew 10d54.1%-69.9%323.8%13.0%40.1%
Call IV 25d59.2%40.0%128.8%59.2%51.0%
Put IV 25d91.6%52.4%272.2%72.6%52.4%
Bid-Ask Spread %69.1229.29117.3949.7376.42
Gamma HHI0.940.830.990.960.83
Net GEX-17.3K-21.8K-12.1K-14.1K-20.4K
Net DEX826.1K546.8K1.0M927.9K926.0K
Net VEX-6.4K-7.2K-5.9K-5.9K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio56.570.00789.000.001.67
Total Volume78079018
Total OI8,815.657,9279,1759,0609,175

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$2.56$2.0056.9%16.3%0.0%0.0%0.0%13.4%-13.8%-14.1K927.9K-5.9K0.0049.73N/AN/A011,3457,715
2023-01-04$2.70$2.0052.4%15.0%0.0%0.0%87.2%32.3%9.4%-17.3K856.7K-6.2K0.0066.83N/AN/A1101,3457,715
2023-01-05$2.67$2.0058.7%21.7%0.0%0.0%75.7%-6.5%-11.5%-16.4K866.8K-6.2K0.0031.56N/AN/A801,3467,715
2023-01-06$2.73$2.0080.1%20.1%0.0%0.0%0.0%13.5%-9.7%-12.9K928.8K-6.1K0.0062.07N/AN/A001,3537,715
2023-01-09$2.83$2.0072.3%20.3%0.0%0.0%0.0%6.6%-24.2%-15.8K945.5K-6.2K0.0635.71N/AN/A161101,3537,715
2023-01-10$2.96$2.0067.0%17.6%0.0%0.0%0.0%11.5%2.4%-17.3K805.8K-6.5K0.0073.08N/AN/A1901,3617,715
2023-01-11$3.00$2.0059.7%17.1%0.0%0.0%0.0%31.7%19.1%-16.5K698.8K-6.5K0.0059.67N/AN/A2501,3617,715
2023-01-12$3.04$2.0072.7%20.8%0.0%0.0%72.7%12.1%-21.6%-17.0K744.3K-6.5K0.0053.91N/AN/A1501,0987,715
2023-01-13$3.05$2.0067.0%19.2%0.0%0.0%57.7%15.6%-0.2%-12.1K546.8K-5.9K0.1773.89N/AN/A1221,0877,715
2023-01-17$3.09$2.0068.4%19.6%0.0%0.0%0.0%20.2%9.9%-17.8K611.6K-6.1K1.0072.45N/AN/A111,0827,715
2023-01-18$3.02$2.0072.5%20.8%0.0%0.0%0.0%24.6%-1.7%-15.7K774.3K-6.4K0.0029.29N/AN/A001,0817,715
2023-01-19$3.00$2.0067.0%19.2%0.0%0.0%0.0%19.8%8.1%-13.5K818.5K-6.3K0.0052.62N/AN/A001,0817,715
2023-01-20$3.05$2.0070.5%20.2%0.0%0.0%70.5%-53.9%2.2%-19.1K733.7K-6.3K0.0660.57N/AN/A3421,0817,715
2023-01-23$3.17$2.0058.9%16.9%0.0%0.0%0.0%48.2%9.3%-21.1K777.0K-6.3K0.0068.27N/AN/A19602737,654
2023-01-24$3.15$2.0065.2%18.7%0.0%0.0%0.0%134.1%4.2%-17.7K794.2K-6.4K0.0094.74N/AN/A2204907,654
2023-01-25$3.00$2.0062.9%18.0%0.0%0.0%0.0%32.1%20.9%-19.9K838.3K-6.3K0.00112.18N/AN/A02004917,654
2023-01-26$2.98$2.0068.0%19.5%0.0%0.0%0.0%204.2%-2.4%-19.9K892.5K-6.4K789.00117.39N/AN/A17894917,854
2023-01-27$3.06$2.0058.6%16.8%0.0%0.0%0.0%33.1%27.4%-21.8K1.0M-7.1K0.00106.64N/AN/A4204928,642
2023-01-30$3.00$2.0061.1%17.5%0.0%0.0%0.0%53.6%10.9%-20.4K990.6K-6.9K0.0085.41N/AN/A005328,642
2023-01-31$3.21$2.0054.1%15.5%0.0%0.0%45.5%1.3%13.2%-20.4K926.0K-7.2K1.6776.42N/AN/A355338,642