TRUE Options History — December 2023

In December 2023, TRUE traded between $2.75 and $3.59. ATM implied volatility averaged 65.0%. The 30-day expected move averaged 16.0%. Max pain ranged from $2.00 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.99.

Notable Days

  • 2023-12-12: Highest Volume — 437 contracts
  • 2023-12-29: Largest IV spike — 85.8% change
  • 2023-12-15: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.21$2.75$3.59$2.81$3.49
Max Pain$2.02$2.00$2.50$2.50$2.00
ATM IV65.0%28.1%150.9%65.6%52.2%
Expected Move16.0%8.1%19.6%18.8%15.0%
Term Structure13.6%-11.7%90.8%-1.4%-10.5%
VWIV65.7%42.0%123.6%123.6%58.8%
Skew 25d9.9%-41.7%62.0%11.9%28.3%
Skew 10d23.1%-71.9%155.9%22.2%-32.7%
Call IV 25d51.0%27.5%102.3%51.1%32.5%
Put IV 25d61.0%34.6%112.5%63.0%60.8%
Bid-Ask Spread %62.8224.8098.0144.4174.50
Gamma HHI0.720.550.930.570.81
Net GEX1.6K3683.3K4162.3K
Net DEX-82.8K-151.2K-25.9K-27.7K-116.4K
Net VEX-262-459-53-54-377
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.0010.0010.000.00
Total Volume39.504371127
Total OI500172743172734

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$2.81$2.5065.6%18.8%0.0%0.0%0.0%11.9%-1.4%416-27.7K-5410.0044.41N/AN/A11015913
2023-12-04$2.83$2.0064.8%16.8%0.0%0.0%123.6%-7.3%1.0%390-27.6K-550.0098.01N/AN/A12016019
2023-12-05$2.77$2.0064.4%18.6%0.0%0.0%64.9%-36.2%0.1%368-26.4K-550.0091.79N/AN/A9016019
2023-12-06$2.75$2.0051.8%15.0%0.0%0.0%0.0%9.1%12.8%407-25.9K-530.0093.90N/AN/A6016419
2023-12-07$2.85$2.0064.1%17.4%0.0%0.0%0.0%-41.7%-2.2%435-29.0K-570.0054.98N/AN/A4016719
2023-12-08$2.92$2.0080.9%16.0%0.0%0.0%55.9%1.8%37.5%432-32.0K-560.0070.60N/AN/A0516719
2023-12-11$2.96$2.00115.8%16.6%0.0%0.0%0.0%8.7%1.2%427-31.8K-540.0033.50N/AN/A0116724
2023-12-12$2.95$2.00150.9%15.9%0.0%0.0%55.4%9.6%2.4%431-32.0K-560.0042.57N/AN/A437016725
2023-12-13$3.01$2.0055.7%16.0%0.0%0.0%0.0%62.0%5.9%1.7K-73.5K-3300.0094.39N/AN/A100060125
2023-12-14$3.24$2.0057.8%16.6%0.0%0.0%57.8%18.1%5.5%2.2K-107.2K-4402.0061.77N/AN/A1270125
2023-12-15$3.42$2.0068.3%19.6%0.0%0.0%68.2%23.8%2.1%2.4K-118.6K-4590.0689.56N/AN/A86570227
2023-12-18$3.46$2.0060.1%17.2%0.0%0.0%63.7%0.2%-1.0%2.2K-120.6K-4050.0064.56N/AN/A12064629
2023-12-19$3.49$2.0055.8%16.0%0.0%0.0%63.7%-0.9%6.1%2.3K-121.7K-4101.6753.71N/AN/A61065829
2023-12-20$3.48$2.0064.2%18.4%0.0%0.0%0.0%18.9%10.2%2.4K-119.1K-4090.0076.72N/AN/A0066241
2023-12-21$3.50$2.0059.4%17.0%0.0%0.0%68.2%30.4%60.8%2.4K-118.1K-4000.0064.18N/AN/A04066241
2023-12-22$3.49$2.0066.1%18.9%0.0%0.0%0.0%35.4%-11.7%2.2K-114.8K-4070.0043.22N/AN/A0066281
2023-12-26$3.55$2.0041.6%11.9%0.0%0.0%0.0%11.3%90.8%2.3K-130.0K-4100.2024.80N/AN/A10266281
2023-12-27$3.59$2.0033.1%9.5%0.0%0.0%42.0%10.3%25.2%2.2K-133.4K-3821.0024.90N/AN/A1165279
2023-12-28$3.56$2.0028.1%8.1%0.0%0.0%0.0%5.2%36.8%3.3K-151.2K-3700.0054.42N/AN/A2065280
2023-12-29$3.49$2.0052.2%15.0%0.0%0.0%58.8%28.3%-10.5%2.3K-116.4K-3770.0074.50N/AN/A27065480