TRUE Options History — August 2023

In August 2023, TRUE traded between $2.05 and $2.46. ATM implied volatility averaged 86.9%. The 30-day expected move averaged 22.9%. Max pain ranged from $2.00 to $3.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.12.

Notable Days

  • 2023-08-17: Highest Volume — 60 contracts
  • 2023-08-15: Largest IV spike — 124.6% change
  • 2023-08-02: Largest Expected Move — 56.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.26$2.05$2.46$2.31$2.40
Max Pain$2.09$2.00$3.00$2.00$2.00
ATM IV86.9%49.1%211.6%144.7%61.1%
Expected Move22.9%14.1%56.3%41.5%17.5%
Term Structure-30.3%-151.7%8.6%-90.4%-14.0%
VWIV107.1%49.1%186.9%140.2%186.9%
Skew 25d-1.6%-155.8%141.1%24.1%24.3%
Skew 10d32.2%-195.6%304.6%26.0%21.5%
Call IV 25d72.3%47.9%214.8%62.6%50.8%
Put IV 25d70.7%47.1%214.8%86.7%75.1%
Bid-Ask Spread %98.1252.90147.64108.98123.28
Gamma HHI0.670.520.860.800.63
Net GEX-6.8K-9.3K-4.6K-7.2K-6.4K
Net DEX512.8K357.0K718.2K479.4K417.3K
Net VEX-999-1.9K-350-1.8K-479
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.000.000.00
Total Volume12.13060320
Total OI4,253.0432,9985,0785,0593,020

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$2.31$2.00144.7%41.5%0.0%0.0%140.2%24.1%-90.4%-7.2K479.4K-1.8K0.00108.98N/AN/A3209754,084
2023-08-02$2.33$2.00196.5%56.3%0.0%0.0%0.0%-6.2%-61.1%-8.1K513.8K-1.7K0.07105.16N/AN/A4539834,084
2023-08-03$2.46$3.00211.6%20.7%0.0%0.0%0.0%27.7%-18.9%-9.3K501.7K-1.9K0.00147.64N/AN/A3209854,087
2023-08-04$2.35$3.0077.7%30.6%0.0%0.0%162.6%-36.1%-99.7%-9.0K614.6K-1.4K0.00123.48N/AN/A2709814,087
2023-08-07$2.34$2.0079.0%17.7%0.0%0.0%0.0%-5.8%-6.3%-8.9K593.7K-1.4K0.0098.03N/AN/A309744,087
2023-08-08$2.33$2.0093.9%17.7%0.0%0.0%0.0%-4.0%-18.7%-8.3K581.2K-1.4K0.0099.46N/AN/A009774,087
2023-08-09$2.27$2.0061.5%17.6%0.0%0.0%0.0%-10.8%-13.6%-8.4K541.0K-1.5K0.0088.03N/AN/A109774,087
2023-08-10$2.19$2.0075.5%21.6%0.0%0.0%0.0%-17.5%-38.3%-6.5K621.4K-1.1K0.0098.38N/AN/A109774,087
2023-08-11$2.24$2.0049.1%14.1%0.0%0.0%49.1%1.0%8.6%-7.2K652.3K-1.1K0.2986.44N/AN/A1759794,087
2023-08-14$2.25$2.0056.4%16.2%0.0%0.0%0.0%1.1%2.2%-6.8K718.2K-4290.0076.16N/AN/A009844,092
2023-08-15$2.21$2.00126.6%36.3%0.0%0.0%0.0%16.4%-151.7%-7.4K611.8K-1.2K0.0077.78N/AN/A009844,092
2023-08-16$2.17$2.0075.4%21.6%0.0%0.0%0.0%-6.6%-44.2%-7.8K581.5K-1.2K1.0052.90N/AN/A119844,092
2023-08-17$2.06$2.0071.7%20.5%0.0%0.0%0.0%-18.7%-6.6%-7.5K550.6K-1.0K0.00108.62N/AN/A6009854,093
2023-08-18$2.05$2.0061.6%17.6%0.0%0.0%122.6%141.1%-17.1%-5.3K631.8K-5820.50120.19N/AN/A219603,893
2023-08-21$2.17$2.0055.2%15.8%0.0%0.0%0.0%13.5%5.8%-4.9K409.6K-6390.00106.39N/AN/A103202,678
2023-08-22$2.21$2.0060.8%17.4%0.0%0.0%0.0%18.0%-4.1%-5.2K418.2K-5340.0085.54N/AN/A503212,678
2023-08-23$2.46$2.00130.3%37.4%0.0%0.0%79.0%24.1%-92.0%-6.3K357.0K-8940.00136.68N/AN/A1403202,678
2023-08-24$2.25$2.0074.5%21.4%0.0%0.0%62.4%-18.0%-9.6%-5.7K386.3K-7150.0091.53N/AN/A043322,678
2023-08-25$2.13$2.0075.8%21.7%0.0%0.0%0.0%-10.1%-14.4%-4.6K366.6K-7530.0054.20N/AN/A003322,682
2023-08-28$2.16$2.0051.3%14.7%0.0%0.0%0.0%-28.2%2.6%-5.4K394.1K-5760.0070.73N/AN/A003322,679
2023-08-29$2.25$2.0054.8%15.7%0.0%0.0%54.0%-11.0%1.7%-5.6K419.5K-5350.0078.05N/AN/A1003322,679
2023-08-30$2.37$2.0053.7%15.4%0.0%0.0%186.9%-155.8%-17.6%-5.1K433.3K-3500.00119.07N/AN/A1403362,679
2023-08-31$2.40$2.0061.1%17.5%0.0%0.0%0.0%24.3%-14.0%-6.4K417.3K-4790.00123.28N/AN/A003412,679