TRUE Options History — May 2023

In May 2023, TRUE traded between $2.15 and $2.71. ATM implied volatility averaged 77.0%. The 30-day expected move averaged 21.1%. Max pain ranged from $2.00 to $3.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2023-05-17: Highest Volume — 797 contracts
  • 2023-05-02: Largest IV spike — 84.1% change
  • 2023-05-02: Largest Expected Move — 46.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.39$2.15$2.71$2.51$2.25
Max Pain$2.18$2.00$3.00$3.00$2.00
ATM IV77.0%45.4%161.1%87.5%72.2%
Expected Move21.1%13.0%46.2%25.1%20.7%
Term Structure-12.1%-108.1%39.6%-15.0%-24.0%
VWIV95.2%40.2%162.7%40.2%80.9%
Skew 25d8.5%-122.5%191.9%-5.2%13.7%
Skew 10d39.6%-90.9%250.2%7.9%65.7%
Call IV 25d80.3%45.9%193.1%94.0%65.9%
Put IV 25d88.8%43.1%317.3%88.8%79.6%
Bid-Ask Spread %65.6013.29128.5076.7492.32
Gamma HHI0.900.840.940.930.85
Net GEX-32.7K-46.2K-21.6K-39.9K-21.6K
Net DEX2.3M1.8M2.6M2.1M2.6M
Net VEX-5.5K-7.4K-3.1K-7.1K-3.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.006.250.290.00
Total Volume65.545079700
Total OI14,802.27314,14015,76314,14015,306

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$2.51$3.0087.5%25.1%0.0%0.0%0.0%-5.2%-15.0%-39.9K2.1M-7.1K0.0076.74N/AN/A0017513,965
2023-05-02$2.52$3.00161.1%46.2%0.0%0.0%0.0%191.9%-108.1%-31.3K2.2M-6.3K0.00119.96N/AN/A0017513,965
2023-05-03$2.56$3.00117.0%33.5%0.0%0.0%0.0%80.6%-49.0%-35.3K2.0M-7.1K0.00120.87N/AN/A0017513,965
2023-05-04$2.55$0.00108.0%30.2%0.0%0.0%0.0%0.8%-41.3%-35.5K1.9M-7.4K0.00128.50N/AN/A0017513,965
2023-05-05$2.59$0.0091.6%18.8%0.0%0.0%0.0%-12.2%-1.6%-42.2K2.1M-7.1K0.2926.85N/AN/A7217513,965
2023-05-08$2.71$0.00119.8%21.2%0.0%0.0%0.0%-45.5%-9.1%-46.2K2.1M-7.4K0.4243.04N/AN/A1164917613,967
2023-05-09$2.58$0.0075.3%22.2%0.0%0.0%0.0%58.9%39.6%-30.6K1.8M-7.1K6.25110.05N/AN/A42556214,012
2023-05-10$2.29$0.0045.4%13.0%0.0%0.0%40.2%-34.2%13.8%-30.9K2.3M-5.3K0.4484.56N/AN/A321455914,037
2023-05-11$2.23$2.0061.2%17.5%0.0%0.0%0.0%10.3%2.2%-28.7K2.4M-4.6K0.0072.58N/AN/A01258414,029
2023-05-12$2.15$2.0066.7%19.1%0.0%0.0%0.0%26.0%-14.0%-26.6K2.5M-3.7K0.0039.20N/AN/A06258414,028
2023-05-15$2.25$2.0050.8%14.6%0.0%0.0%0.0%2.4%1.9%-28.4K2.4M-4.8K0.0037.03N/AN/A012058414,040
2023-05-16$2.25$2.0051.6%14.8%0.0%0.0%61.8%-7.0%-15.5%-30.8K2.3M-4.8K0.0054.96N/AN/A6058414,038
2023-05-17$2.31$2.0055.3%15.8%0.0%0.0%158.9%-122.5%6.6%-32.6K2.4M-4.9K0.0094.42N/AN/A796158714,037
2023-05-18$2.35$2.0047.8%13.7%0.0%0.0%107.1%-57.0%13.7%-33.0K2.3M-5.3K0.0030.63N/AN/A16201,56714,037
2023-05-19$2.38$2.0064.7%18.6%0.0%0.0%162.7%6.8%-23.5%-33.9K2.3M-5.4K0.2557.04N/AN/A411,72614,037
2023-05-22$2.41$2.0053.1%15.2%0.0%0.0%54.7%-11.6%-3.1%-35.8K2.3M-5.6K0.0016.94N/AN/A501,34313,965
2023-05-23$2.42$2.0053.5%15.3%0.0%0.0%0.0%-2.5%-6.1%-36.6K2.4M-5.3K0.1046.07N/AN/A2121,34813,965
2023-05-24$2.41$2.0048.4%13.9%0.0%0.0%0.0%-1.4%17.6%-35.2K2.2M-5.6K0.0013.29N/AN/A001,35813,975
2023-05-25$2.30$2.0051.6%14.8%0.0%0.0%0.0%1.7%17.0%-30.7K2.3M-4.8K0.0030.83N/AN/A001,35813,947
2023-05-26$2.25$2.0082.5%23.6%0.0%0.0%0.0%-18.5%-37.1%-27.1K2.5M-4.1K0.0054.12N/AN/A001,35813,947
2023-05-30$2.23$2.00129.7%37.2%0.0%0.0%80.9%110.9%-30.1%-26.6K2.3M-4.3K0.0093.25N/AN/A101,35813,947
2023-05-31$2.25$2.0072.2%20.7%0.0%0.0%0.0%13.7%-24.0%-21.6K2.6M-3.1K0.0092.32N/AN/A001,35913,947