TRUE Options History — April 2023

In April 2023, TRUE traded between $2.15 and $2.70. ATM implied volatility averaged 76.6%. The 30-day expected move averaged 22.2%. Max pain ranged from $1.00 to $3.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.28.

Notable Days

  • 2023-04-11: Highest Volume — 20 contracts
  • 2023-04-12: Largest IV spike — 64.3% change
  • 2023-04-12: Largest Expected Move — 32.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.48$2.15$2.70$2.29$2.55
Max Pain$1.84$1.00$3.00$2.00$3.00
ATM IV76.6%44.9%114.3%68.1%90.1%
Expected Move22.2%12.9%32.8%19.5%25.8%
Term Structure-6.1%-41.7%45.9%-15.8%-19.3%
VWIV96.8%53.0%160.1%113.5%85.4%
Skew 25d4.1%-28.1%81.2%-16.8%-15.7%
Skew 10d28.9%-46.1%182.7%26.3%2.4%
Call IV 25d73.3%55.9%98.7%75.2%98.7%
Put IV 25d77.4%46.1%138.8%58.4%83.0%
Bid-Ask Spread %68.3622.45136.2134.4280.75
Gamma HHI0.930.900.940.920.91
Net GEX-35.5K-46.2K-24.8K-28.9K-38.3K
Net DEX2.1M1.9M2.2M2.1M2.2M
Net VEX-7.3K-8.2K-5.8K-7.0K-6.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.001.000.000.00
Total Volume6.05302030
Total OI14,378.26314,12714,47614,46114,140

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$2.29$2.0068.1%19.5%0.0%0.0%0.0%-16.8%-15.8%-28.9K2.1M-7.0K0.0034.42N/AN/A3041714,044
2023-04-04$2.27$2.0044.9%12.9%0.0%0.0%0.0%-24.0%45.9%-28.6K2.2M-6.6K0.0057.06N/AN/A0041914,044
2023-04-05$2.24$2.0057.2%16.4%0.0%0.0%0.0%-14.1%18.6%-29.1K2.1M-6.6K0.0063.01N/AN/A0041914,044
2023-04-06$2.20$1.0069.6%17.1%0.0%0.0%0.0%-5.5%-1.1%-25.6K2.2M-5.9K0.0082.90N/AN/A0041914,044
2023-04-10$2.15$1.0066.3%23.9%0.0%0.0%0.0%45.7%-5.4%-24.8K2.1M-5.8K0.0095.59N/AN/A5041914,044
2023-04-11$2.27$1.0069.5%21.6%0.0%0.0%0.0%-11.3%-41.7%-30.9K2.1M-6.6K1.0084.30N/AN/A101041914,044
2023-04-12$2.33$1.00114.3%32.8%0.0%0.0%113.5%47.8%-36.8%-26.0K2.1M-6.7K0.00136.21N/AN/A0541914,044
2023-04-13$2.56$2.0076.3%21.9%0.0%0.0%0.0%24.9%-1.9%-33.6K1.9M-7.9K0.0060.02N/AN/A20041914,049
2023-04-14$2.67$2.0098.0%28.1%0.0%0.0%160.1%-9.7%-28.7%-38.6K2.0M-8.2K1.0094.67N/AN/A101040914,049
2023-04-17$2.63$2.0068.5%19.6%0.0%0.0%53.0%81.2%11.0%-39.3K1.9M-8.0K0.00100.84N/AN/A1040514,059
2023-04-18$2.63$2.0079.2%22.7%0.0%0.0%82.3%-9.9%-13.2%-38.4K2.0M-7.9K0.8338.94N/AN/A6540614,059
2023-04-19$2.62$2.0069.3%19.9%0.0%0.0%0.0%7.3%8.8%-40.7K2.1M-7.7K0.0087.10N/AN/A0041214,064
2023-04-20$2.50$2.0062.1%17.8%0.0%0.0%0.0%4.1%44.0%-36.7K2.0M-7.4K0.0022.45N/AN/A01041214,064
2023-04-21$2.58$2.0082.4%23.6%0.0%0.0%0.0%-28.1%-14.9%-39.8K2.1M-7.5K0.0097.38N/AN/A3040914,064
2023-04-24$2.62$2.0092.0%26.4%0.0%0.0%0.0%-9.7%-20.7%-43.0K2.1M-7.7K0.0036.63N/AN/A10016713,960
2023-04-25$2.70$2.0075.8%21.7%0.0%0.0%0.0%21.4%-12.3%-44.2K2.1M-7.8K0.0046.39N/AN/A0017313,960
2023-04-26$2.70$2.0086.0%24.6%0.0%0.0%86.6%-1.3%-15.4%-40.8K1.9M-8.0K0.0023.41N/AN/A2017313,960
2023-04-27$2.63$2.0086.4%24.8%0.0%0.0%85.4%-8.6%-17.2%-46.2K2.0M-7.7K0.0056.86N/AN/A0517513,960
2023-04-28$2.55$3.0090.1%25.8%0.0%0.0%0.0%-15.7%-19.3%-38.3K2.2M-6.8K0.0080.75N/AN/A0017513,965