TRUE Options History — July 2023

In July 2023, TRUE traded between $2.09 and $2.41. ATM implied volatility averaged 79.8%. The 30-day expected move averaged 22.2%. Max pain ranged from $2.00 to $3.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.08.

Notable Days

  • 2023-07-31: Highest Volume — 607 contracts
  • 2023-07-18: Largest IV spike — 58.1% change
  • 2023-07-18: Largest Expected Move — 30.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.28$2.09$2.41$2.24$2.41
Max Pain$2.10$2.00$3.00$3.00$2.00
ATM IV79.8%59.0%106.1%68.4%100.3%
Expected Move22.2%16.9%30.4%19.6%28.8%
Term Structure-26.8%-89.2%5.7%-8.7%-63.0%
VWIV94.6%57.4%115.1%57.4%114.6%
Skew 25d13.7%-83.6%102.5%-5.9%-28.0%
Skew 10d65.3%-59.2%176.9%48.6%44.8%
Call IV 25d60.7%40.8%145.7%75.2%113.6%
Put IV 25d74.3%57.4%143.3%69.3%85.6%
Bid-Ask Spread %74.8136.40107.5891.5136.40
Gamma HHI0.720.650.800.780.78
Net GEX-9.6K-14.8K-7.9K-12.9K-10.5K
Net DEX840.5K595.2K1.7M1.6M595.2K
Net VEX-1.6K-2.0K-920-2.0K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.080.001.500.000.01
Total Volume50.9506070607
Total OI5,908.454,2579,8359,8354,471

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$2.24$3.0068.4%19.6%0.0%0.0%0.0%-5.9%-8.7%-12.9K1.6M-2.0K0.0091.51N/AN/A007219,114
2023-07-05$2.31$3.0067.7%19.4%0.0%0.0%57.4%9.0%4.6%-14.8K1.7M-2.0K0.0064.57N/AN/A707219,114
2023-07-06$2.09$2.0090.6%24.3%0.0%0.0%0.0%16.6%-52.9%-10.8K1.3M-1.8K0.00103.31N/AN/A1007188,114
2023-07-07$2.21$2.0063.2%19.0%0.0%0.0%0.0%38.6%4.5%-8.4K792.8K-1.6K0.0059.75N/AN/A7007285,010
2023-07-10$2.17$2.0083.4%20.3%0.0%0.0%0.0%23.3%-22.3%-8.0K735.0K-1.7K0.0085.75N/AN/A007685,010
2023-07-11$2.24$2.0092.1%17.8%0.0%0.0%0.0%9.7%-14.9%-8.8K742.4K-1.7K0.0085.44N/AN/A3207685,010
2023-07-12$2.33$2.0059.0%16.9%0.0%0.0%0.0%24.2%-3.0%-9.6K766.5K-1.7K0.0075.37N/AN/A1607895,010
2023-07-13$2.33$2.0064.9%18.6%0.0%0.0%0.0%24.8%-9.1%-9.4K736.5K-1.8K0.0090.24N/AN/A207815,010
2023-07-14$2.27$2.0068.4%19.6%0.0%0.0%0.0%12.1%5.7%-8.8K738.9K-1.7K1.5084.01N/AN/A467825,010
2023-07-17$2.25$2.0067.1%19.2%0.0%0.0%0.0%12.8%-12.5%-9.1K769.9K-1.6K0.0088.74N/AN/A107815,016
2023-07-18$2.37$2.00106.1%30.4%0.0%0.0%0.0%102.5%-9.8%-9.3K798.8K-1.6K0.0093.63N/AN/A607825,016
2023-07-19$2.38$2.0062.9%18.0%0.0%0.0%0.0%20.3%-16.3%-7.9K692.5K-1.9K0.0054.74N/AN/A807855,016
2023-07-20$2.31$2.0073.3%21.0%0.0%0.0%0.0%6.8%0.0%-10.0K833.0K-1.4K0.0057.23N/AN/A707935,016
2023-07-21$2.29$2.0086.6%24.8%0.0%0.0%115.1%38.2%-54.0%-8.5K737.8K-1.7K0.0065.97N/AN/A2207955,004
2023-07-24$2.26$2.0083.2%23.9%0.0%0.0%0.0%33.3%-45.1%-8.9K620.9K-1.4K0.0068.23N/AN/A501784,079
2023-07-25$2.27$2.00101.1%29.0%0.0%0.0%0.0%-1.5%-72.6%-8.7K710.7K-9200.0052.88N/AN/A1101814,079
2023-07-26$2.29$2.00102.2%29.3%0.0%0.0%0.0%4.4%-89.2%-9.6K654.1K-1.3K0.00107.58N/AN/A4001874,079
2023-07-27$2.24$2.0075.0%21.5%0.0%0.0%0.0%-83.6%-22.0%-8.7K676.5K-1.1K0.0068.78N/AN/A12102274,079
2023-07-28$2.34$2.0080.9%23.2%0.0%0.0%91.2%15.9%-29.1%-9.8K616.9K-1.5K0.0062.08N/AN/A4403484,079
2023-07-31$2.41$2.00100.3%28.8%0.0%0.0%114.6%-28.0%-63.0%-10.5K595.2K-1.6K0.0136.40N/AN/A60253924,079