TRUE Options History — February 2023

In February 2023, TRUE traded between $2.33 and $3.25. ATM implied volatility averaged 72.0%. The 30-day expected move averaged 20.7%. Max pain ranged from $2.00 to $3.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 126.08.

Notable Days

  • 2023-02-27: Highest Volume — 1,297 contracts
  • 2023-02-08: Largest IV spike — 61.9% change
  • 2023-02-08: Largest Expected Move — 28.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.89$2.33$3.25$3.25$2.33
Max Pain$2.95$2.00$3.00$2.00$3.00
ATM IV72.0%42.7%98.3%69.8%55.9%
Expected Move20.7%12.2%28.2%20.0%16.0%
Term Structure-5.6%-46.1%29.6%5.2%-7.1%
VWIV70.7%46.3%90.3%49.8%68.4%
Skew 25d3.7%-48.5%33.7%-48.5%-22.1%
Skew 10d2.1%-47.9%29.8%-1.4%-27.1%
Call IV 25d66.9%44.5%133.1%133.1%71.5%
Put IV 25d70.6%49.3%91.0%84.6%49.3%
Bid-Ask Spread %60.4324.18107.7895.9924.18
Gamma HHI0.770.600.850.830.66
Net GEX-22.4K-28.7K-14.3K-14.3K-26.1K
Net DEX1.2M697.9K2.3M697.9K2.3M
Net VEX-6.8K-7.5K-6.5K-6.6K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio126.080.001119.000.00180.60
Total Volume331.42101,29711908
Total OI10,314.6849,18214,4479,18214,447

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$3.25$2.0069.8%20.0%0.0%0.0%0.0%-48.5%5.2%-14.3K697.9K-6.6K0.0095.99N/AN/A1105358,647
2023-02-02$3.06$3.0064.9%19.8%0.0%0.0%49.8%13.9%2.6%-19.7K945.8K-7.0K0.0044.07N/AN/A705368,647
2023-02-03$3.02$3.0055.5%20.3%0.0%0.0%0.0%17.3%-2.1%-14.4K984.0K-6.8K0.5489.47N/AN/A37205438,647
2023-02-06$3.06$3.0078.8%20.0%0.0%0.0%0.0%11.7%-7.7%-20.9K995.5K-6.9K0.0081.52N/AN/A005798,667
2023-02-07$3.12$3.0060.7%14.5%0.0%0.0%0.0%14.3%29.6%-22.4K988.8K-7.0K0.00107.78N/AN/A105808,674
2023-02-08$3.08$3.0098.3%28.2%0.0%0.0%84.5%33.7%-9.6%-19.3K873.9K-6.8K0.0053.59N/AN/A1105818,674
2023-02-09$3.00$3.0080.5%23.1%0.0%0.0%0.0%11.8%18.1%-21.9K985.5K-6.8K0.0050.25N/AN/A005918,674
2023-02-10$2.94$3.0075.0%21.5%0.0%0.0%75.0%-37.0%-29.6%-20.9K1.0M-6.6K1.00100.27N/AN/A24245918,674
2023-02-13$3.00$3.0081.4%23.3%0.0%0.0%0.0%19.9%0.7%-22.4K1.0M-6.7K0.0050.26N/AN/A015938,698
2023-02-14$3.01$3.0075.3%21.6%0.0%0.0%75.3%10.4%2.3%-26.0K1.1M-6.7K0.0050.69N/AN/A905938,699
2023-02-15$3.02$3.0079.9%22.9%0.0%0.0%0.0%26.3%-18.3%-24.3K1.0M-6.7K0.0074.93N/AN/A206028,699
2023-02-16$2.95$3.0078.6%22.5%0.0%0.0%78.6%14.2%-10.4%-22.5K1.1M-6.6K6.9740.14N/AN/A362516038,699
2023-02-17$2.91$3.0083.9%24.1%0.0%0.0%0.0%10.5%-14.9%-17.7K990.8K-6.6K333.3376.36N/AN/A31,0006378,948
2023-02-21$2.70$3.0087.0%24.9%0.0%0.0%0.0%-12.8%-46.1%-22.1K1.4M-6.7K1119.0046.52N/AN/A11,1196189,913
2023-02-22$2.83$3.0090.5%25.9%0.0%0.0%90.3%-1.8%-45.1%-27.6K1.7M-7.5K27.4126.63N/AN/A3493261911,026
2023-02-23$2.66$3.0058.4%16.8%0.0%0.0%52.4%4.3%18.0%-28.7K1.8M-7.3K0.0458.59N/AN/A45264511,953
2023-02-24$2.52$3.0042.7%12.2%0.0%0.0%46.3%4.6%22.0%-26.4K1.8M-6.8K25.1029.92N/AN/A2050261011,953
2023-02-27$2.44$3.0051.6%14.8%0.0%0.0%86.6%-0.8%-13.3%-27.8K2.1M-6.6K323.2546.95N/AN/A41,29363012,954
2023-02-28$2.33$3.0055.9%16.0%0.0%0.0%68.4%-22.1%-7.1%-26.1K2.3M-6.5K180.6024.18N/AN/A590363113,816