TRUE Options History — June 2023

In June 2023, TRUE traded between $2.08 and $2.67. ATM implied volatility averaged 93.8%. The 30-day expected move averaged 20.4%. Max pain ranged from $2.00 to $3.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2023-06-15: Highest Volume — 383 contracts
  • 2023-06-16: Largest IV spike — 79.0% change
  • 2023-06-02: Largest Expected Move — 36.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.30$2.08$2.67$2.26$2.24
Max Pain$2.90$2.00$3.00$2.00$3.00
ATM IV93.8%49.6%164.1%120.4%63.5%
Expected Move20.4%12.3%36.9%34.5%18.2%
Term Structure-20.8%-138.4%35.6%-116.0%-14.2%
VWIV75.8%40.0%149.2%41.5%98.0%
Skew 25d10.4%-70.7%124.0%-70.7%-4.4%
Skew 10d67.1%-1.5%215.4%29.5%28.2%
Call IV 25d64.6%38.4%137.9%137.9%69.8%
Put IV 25d75.0%43.6%182.1%67.2%65.4%
Bid-Ask Spread %77.1344.35116.1473.5161.35
Gamma HHI0.840.640.950.880.77
Net GEX-26.3K-57.4K-8.9K-27.3K-13.1K
Net DEX2.1M1.5M2.7M2.4M1.6M
Net VEX-3.3K-5.4K-1.5K-4.2K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.006.250.000.07
Total Volume27.571038301
Total OI13,1939,80415,37615,3069,835

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$2.26$2.00120.4%34.5%0.0%0.0%0.0%-70.7%-116.0%-27.3K2.4M-4.2K0.0073.51N/AN/A001,35913,947
2023-06-02$2.42$2.00128.8%36.9%0.0%0.0%0.0%1.2%-138.4%-37.1K2.4M-4.6K0.0071.49N/AN/A1001,35913,947
2023-06-05$2.27$3.0094.5%15.8%0.0%0.0%0.0%-23.9%-13.4%-25.7K2.5M-3.8K0.00105.07N/AN/A001,36913,947
2023-06-06$2.38$3.0088.9%13.3%0.0%0.0%0.0%12.5%3.2%-30.6K2.7M-3.5K0.0068.00N/AN/A201,36913,924
2023-06-07$2.51$3.00106.7%16.3%0.0%0.0%0.0%22.5%21.0%-42.8K2.3M-5.4K0.0065.64N/AN/A001,37113,924
2023-06-08$2.37$3.00120.6%12.3%0.0%0.0%0.0%-41.0%5.6%-32.7K2.2M-4.9K0.0085.25N/AN/A201,37113,924
2023-06-09$2.34$3.00109.5%17.1%0.0%0.0%0.0%1.1%-11.6%-31.0K2.5M-3.8K0.0059.49N/AN/A001,39413,924
2023-06-12$2.42$3.00149.8%13.7%0.0%0.0%0.0%5.4%35.6%-35.4K2.7M-3.5K6.2560.55N/AN/A8501,39413,924
2023-06-13$2.46$3.00164.1%14.7%0.0%0.0%41.5%9.5%-9.4%-40.4K2.6M-4.0K0.0079.38N/AN/A601,39413,974
2023-06-14$2.50$3.00125.6%36.0%0.0%0.0%40.0%68.9%-88.3%-45.4K2.4M-4.6K0.00103.89N/AN/A501,39713,974
2023-06-15$2.67$3.0049.6%14.2%0.0%0.0%57.2%-5.1%8.9%-57.4K2.3M-5.2K0.0144.35N/AN/A37851,40213,974
2023-06-16$2.27$3.0088.7%25.4%0.0%0.0%72.3%-27.4%-57.7%-30.5K2.2M-4.1K0.1374.01N/AN/A3951,39813,974
2023-06-20$2.21$3.0064.3%18.4%0.0%0.0%78.6%1.9%-14.4%-22.1K2.6M-2.5K0.9169.95N/AN/A111067413,921
2023-06-21$2.13$3.0052.1%14.9%0.0%0.0%59.2%3.6%6.4%-10.9K1.7M-1.6K0.0052.94N/AN/A706909,114
2023-06-22$2.12$3.0060.3%17.3%0.0%0.0%0.0%54.7%-16.7%-13.6K1.6M-2.1K0.0067.17N/AN/A206939,114
2023-06-23$2.10$3.0092.8%26.6%0.0%0.0%0.0%124.0%-7.8%-10.4K1.6M-1.8K0.00105.86N/AN/A206939,114
2023-06-26$2.08$3.0052.3%15.0%0.0%0.0%48.6%8.6%23.4%-8.9K1.6M-1.5K0.0098.13N/AN/A1906959,114
2023-06-27$2.08$3.0064.8%18.6%0.0%0.0%0.0%24.1%18.1%-8.9K1.6M-1.5K0.0076.82N/AN/A007079,114
2023-06-28$2.17$3.00108.2%31.0%0.0%0.0%149.2%49.1%-67.6%-15.6K1.5M-2.3K0.00116.14N/AN/A107079,114
2023-06-29$2.20$3.0064.0%18.4%0.0%0.0%113.9%3.6%-2.8%-12.0K1.7M-1.8K0.0780.77N/AN/A1517069,114
2023-06-30$2.24$3.0063.5%18.2%0.0%0.0%98.0%-4.4%-14.2%-13.1K1.6M-2.0K0.0061.35N/AN/A017219,114