TRUE Options History — November 2023

In November 2023, TRUE traded between $1.87 and $2.79. ATM implied volatility averaged 95.6%. The 30-day expected move averaged 24.5%. Max pain ranged from $2.00 to $2.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.03.

Notable Days

  • 2023-11-02: Highest Volume — 77 contracts
  • 2023-11-06: Largest IV spike — 194.1% change
  • 2023-11-07: Largest Expected Move — 47.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.49$1.87$2.79$1.87$2.79
Max Pain$2.46$2.00$2.50$2.00$2.50
ATM IV95.6%52.9%287.8%100.0%85.9%
Expected Move24.5%15.2%47.8%28.7%24.6%
Term Structure-37.5%-122.4%4.7%4.1%-68.3%
VWIV66.3%66.3%66.3%66.3%66.3%
Skew 25d34.1%-37.2%246.1%246.1%23.9%
Skew 10d43.3%-104.9%340.9%340.9%24.6%
Call IV 25d74.3%36.4%212.2%85.7%39.1%
Put IV 25d108.4%51.0%338.3%331.9%63.0%
Bid-Ask Spread %98.1242.28144.78110.8342.28
Gamma HHI0.590.450.930.580.60
Net GEX273-102740-66413
Net DEX-16.4K-27.3K3.8K3.8K-27.3K
Net VEX-44-56-30-41-54
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.250.000.00
Total Volume6.38107750
Total OI207.381143263207172

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$1.87$2.00100.0%28.7%0.0%0.0%0.0%246.1%4.1%-663.8K-410.00110.83N/AN/A5012087
2023-11-02$1.98$0.00132.1%34.9%0.0%0.0%0.0%4.8%-65.1%-102-1.1K-530.00109.14N/AN/A07712587
2023-11-03$2.16$0.0082.4%29.7%0.0%0.0%0.0%22.4%-47.4%-25-9.1K-520.0082.79N/AN/A1012560
2023-11-06$2.13$0.00242.3%38.8%0.0%0.0%0.0%141.4%-58.3%91-7.3K-510.00104.26N/AN/A1012660
2023-11-07$2.09$0.00287.8%47.8%0.0%0.0%0.0%193.6%-122.4%346-8.1K-360.00144.78N/AN/A0019660
2023-11-08$2.17$0.0059.9%17.2%0.0%0.0%0.0%1.4%4.7%95-7.1K-430.0087.84N/AN/A0019660
2023-11-09$2.33$0.0052.9%15.2%0.0%0.0%0.0%-33.2%1.0%330-12.9K-500.00111.09N/AN/A2019660
2023-11-10$2.49$0.0061.2%17.6%0.0%0.0%0.0%-37.2%2.2%317-16.1K-390.00106.31N/AN/A1019860
2023-11-13$2.60$0.0096.3%27.6%0.0%0.0%66.3%17.1%-83.1%313-18.7K-430.2599.90N/AN/A12319860
2023-11-14$2.75$2.5055.0%15.8%0.0%0.0%0.0%4.2%4.2%740-27.1K-480.00123.78N/AN/A0019963
2023-11-15$2.73$2.5056.5%16.2%0.0%0.0%0.0%-10.1%-9.4%316-21.2K-430.00100.63N/AN/A1019963
2023-11-16$2.55$2.5084.4%24.2%0.0%0.0%0.0%7.4%-55.1%309-20.2K-370.00112.71N/AN/A0020063
2023-11-17$2.66$2.5055.9%16.0%0.0%0.0%0.0%23.3%-9.2%316-19.9K-420.00119.39N/AN/A0020063
2023-11-20$2.70$2.5067.7%19.4%0.0%0.0%0.0%26.6%-21.5%283-21.1K-470.0096.79N/AN/A0013013
2023-11-21$2.55$2.5072.9%20.9%0.0%0.0%0.0%18.8%-55.8%313-17.1K-380.00114.64N/AN/A0013013
2023-11-22$2.65$2.5072.1%20.7%0.0%0.0%0.0%2.0%-15.3%371-19.0K-340.0090.92N/AN/A0013013
2023-11-24$2.65$2.5070.0%20.1%0.0%0.0%0.0%23.7%-25.4%320-19.4K-390.0092.42N/AN/A0013013
2023-11-27$2.79$2.5088.2%25.3%0.0%0.0%0.0%31.7%-31.2%237-22.5K-300.0084.97N/AN/A30013013
2023-11-28$2.76$2.5068.0%19.5%0.0%0.0%0.0%9.5%-15.0%397-26.7K-560.0066.95N/AN/A0015913
2023-11-29$2.79$2.50116.6%33.4%0.0%0.0%0.0%-1.8%-120.6%419-27.1K-540.0058.15N/AN/A1015913
2023-11-30$2.79$2.5085.9%24.6%0.0%0.0%0.0%23.9%-68.3%413-27.3K-540.0042.28N/AN/A0015913