TRUE Options History — September 2023

In September 2023, TRUE traded between $2.08 and $2.56. ATM implied volatility averaged 85.3%. The 30-day expected move averaged 18.5%. 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 10 of 20 days. Put/call ratio averaged 0.80.

Notable Days

  • 2023-09-21: Highest Volume — 40 contracts
  • 2023-09-27: Largest IV spike — 90.3% change
  • 2023-09-01: Largest Expected Move — 35.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.35$2.08$2.56$2.48$2.08
Max Pain$2.95$2.00$3.00$2.00$3.00
ATM IV85.3%43.1%188.0%122.1%43.1%
Expected Move18.5%12.3%35.0%35.0%12.3%
Term Structure-5.7%-76.5%48.6%-51.8%15.3%
VWIV144.9%68.1%184.3%184.3%182.2%
Skew 25d-10.4%-113.7%67.5%11.4%67.5%
Skew 10d20.4%-101.3%216.6%-101.3%216.6%
Call IV 25d67.7%38.4%173.1%59.7%60.4%
Put IV 25d57.3%44.1%127.9%71.1%127.9%
Bid-Ask Spread %73.6729.22110.08110.0880.83
Gamma HHI0.640.510.960.690.96
Net GEX-6.2K-8.5K-3.8K-6.7K-3.9K
Net DEX400.6K320.0K447.4K332.9K447.4K
Net VEX-489-904-170-904-170
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.003.003.000.00
Total Volume2.7504081
Total OI2,9442,8563,0243,0202,856

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$2.48$2.00122.1%35.0%0.0%0.0%184.3%11.4%-51.8%-6.7K332.9K-9043.00110.08N/AN/A263412,679
2023-09-05$2.56$3.0064.9%16.9%0.0%0.0%68.1%-31.7%-6.8%-8.5K320.0K-8490.0094.52N/AN/A403392,685
2023-09-06$2.50$3.00100.7%12.9%0.0%0.0%0.0%-22.2%-9.1%-8.0K357.1K-7840.0042.44N/AN/A003392,685
2023-09-07$2.38$3.0099.4%14.6%0.0%0.0%0.0%-1.3%-9.3%-6.8K395.8K-6030.0029.22N/AN/A003392,685
2023-09-08$2.50$3.00114.2%13.2%0.0%0.0%0.0%12.9%1.0%-8.1K402.3K-5490.0029.68N/AN/A003392,685
2023-09-11$2.45$3.00157.9%13.1%0.0%0.0%0.0%-8.0%14.4%-7.0K417.5K-4420.0063.59N/AN/A003392,685
2023-09-12$2.42$3.00188.0%18.2%0.0%0.0%0.0%-42.6%-22.3%-6.5K341.7K-7480.0065.85N/AN/A003372,685
2023-09-13$2.34$3.0073.0%20.9%0.0%0.0%0.0%-26.7%-32.7%-6.6K391.6K-5660.0067.49N/AN/A003372,685
2023-09-14$2.44$3.0074.3%21.3%0.0%0.0%0.0%-20.2%28.3%-7.5K376.9K-6330.0091.76N/AN/A013372,685
2023-09-15$2.38$3.0063.0%18.1%0.0%0.0%0.0%-21.3%11.9%-6.9K404.2K-4900.0081.79N/AN/A003372,685
2023-09-18$2.34$3.0046.1%13.2%0.0%0.0%0.0%5.2%11.0%-4.3K442.6K-2300.0091.10N/AN/A002102,669
2023-09-19$2.45$3.0068.7%19.7%0.0%0.0%0.0%19.8%16.4%-7.7K393.2K-5350.0051.88N/AN/A102102,669
2023-09-20$2.34$3.0059.2%17.0%0.0%0.0%0.0%5.9%3.2%-5.9K425.2K-3600.0090.25N/AN/A002102,669
2023-09-21$2.33$3.0049.1%14.1%0.0%0.0%182.2%5.9%48.6%-4.4K440.2K-2391.0040.73N/AN/A20202102,669
2023-09-22$2.21$3.0073.2%21.0%0.0%0.0%0.0%-12.4%-23.4%-5.2K426.7K-3670.00109.15N/AN/A001902,666
2023-09-25$2.25$3.0081.6%23.4%0.0%0.0%0.0%-18.2%-20.7%-5.7K415.9K-4060.0061.28N/AN/A001902,666
2023-09-26$2.25$3.0052.5%15.0%0.0%0.0%0.0%-0.3%18.9%-3.8K447.1K-1950.0071.55N/AN/A001902,666
2023-09-27$2.21$3.0099.9%28.6%0.0%0.0%0.0%-113.7%-76.5%-5.5K396.4K-4600.0094.23N/AN/A001902,666
2023-09-28$2.10$3.0074.5%21.3%0.0%0.0%0.0%-17.6%-29.4%-4.1K438.2K-2560.00105.95N/AN/A001902,666
2023-09-29$2.08$3.0043.1%12.3%0.0%0.0%0.0%67.5%15.3%-3.9K447.4K-1700.0080.83N/AN/A101902,666