TRUE Options History — March 2024

In March 2024, TRUE traded between $3.26 and $3.75. ATM implied volatility averaged 95.4%. The 30-day expected move averaged 15.9%. Max pain ranged from $2.50 to $3.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.05.

Notable Days

  • 2024-03-15: Highest Volume — 415 contracts
  • 2024-03-11: Largest IV spike — 82.9% change
  • 2024-03-01: Largest Expected Move — 47.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.45$3.26$3.75$3.54$3.37
Max Pain$2.98$2.50$3.00$2.50$3.00
ATM IV95.4%33.6%236.6%166.6%51.7%
Expected Move15.9%9.6%47.8%47.8%14.8%
Term Structure3.3%-126.6%35.7%-126.6%-0.2%
VWIV53.1%48.3%58.9%48.3%58.9%
Skew 25d5.9%-8.9%31.6%6.7%1.4%
Skew 10d46.9%-2.1%171.4%171.4%27.9%
Call IV 25d42.6%27.9%61.2%53.4%38.9%
Put IV 25d48.5%32.5%65.8%60.1%40.3%
Bid-Ask Spread %62.6540.7398.5598.5546.63
Gamma HHI0.500.480.520.500.50
Net GEX6.0K4.2K7.8K5.3K6.4K
Net DEX-107.2K-160.5K-65.7K-109.2K-93.2K
Net VEX-747-954-526-826-624
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.330.000.00
Total Volume49.250415100
Total OI1,739.151,5042,0001,5041,906

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$3.54$2.50166.6%47.8%0.0%0.0%0.0%6.7%-126.6%5.3K-109.2K-8260.0098.55N/AN/A1001,45846
2024-03-04$3.50$3.00167.6%18.5%0.0%0.0%0.0%3.7%-2.7%5.0K-117.8K-8100.0084.18N/AN/A001,46846
2024-03-05$3.33$3.00153.6%17.5%0.0%0.0%0.0%-0.4%5.3%4.2K-90.0K-6890.0083.16N/AN/A001,46946
2024-03-06$3.35$3.00200.6%16.2%0.0%0.0%0.0%18.4%10.9%4.4K-97.2K-7380.0082.17N/AN/A001,46946
2024-03-07$3.55$3.00112.0%17.4%0.0%0.0%0.0%6.2%-20.1%5.3K-125.6K-8790.0077.79N/AN/A0201,46946
2024-03-08$3.63$3.00129.4%13.3%0.0%0.0%48.3%-3.9%15.2%6.2K-123.9K-8700.0079.87N/AN/A1901,46965
2024-03-11$3.63$3.00236.6%13.7%0.0%0.0%0.0%-4.1%14.5%6.3K-127.1K-8640.0079.67N/AN/A0401,48765
2024-03-12$3.67$3.00185.4%14.8%0.0%0.0%0.0%-4.3%15.5%6.4K-146.5K-8700.3373.29N/AN/A311,487105
2024-03-13$3.75$3.0051.7%14.8%0.0%0.0%52.1%-1.7%5.7%6.9K-160.5K-9540.0879.96N/AN/A377301,490106
2024-03-14$3.34$3.0054.5%15.6%0.0%0.0%0.0%27.2%35.7%6.5K-131.9K-8740.0052.38N/AN/A001,864136
2024-03-15$3.26$3.0053.1%15.2%0.0%0.0%0.0%13.1%21.5%5.3K-113.6K-7930.0057.32N/AN/A04151,864136
2024-03-18$3.35$3.0063.4%18.2%0.0%0.0%0.0%31.6%18.8%6.4K-101.9K-6960.0051.36N/AN/A101,83242
2024-03-19$3.42$3.0040.5%11.6%0.0%0.0%0.0%6.8%7.0%6.2K-82.6K-6570.0048.11N/AN/A101,83342
2024-03-20$3.50$3.0041.9%12.0%0.0%0.0%0.0%13.1%13.2%7.8K-109.7K-7450.0047.79N/AN/A001,83442
2024-03-21$3.51$3.0033.8%9.7%0.0%0.0%0.0%12.5%25.4%7.7K-99.6K-7280.0045.49N/AN/A2201,83442
2024-03-22$3.38$3.0043.4%12.4%0.0%0.0%0.0%1.9%0.4%6.3K-83.6K-6220.0041.55N/AN/A301,83442
2024-03-25$3.33$3.0043.3%12.4%0.0%0.0%0.0%-0.8%14.7%5.4K-69.0K-5360.0042.03N/AN/A301,83442
2024-03-26$3.26$3.0044.4%12.7%0.0%0.0%0.0%-8.9%-2.5%5.0K-65.7K-5260.0040.89N/AN/A0351,83442
2024-03-27$3.40$3.0033.6%9.6%0.0%0.0%58.9%-0.3%14.1%6.7K-95.0K-6330.0040.73N/AN/A051,83477
2024-03-28$3.37$3.0051.7%14.8%0.0%0.0%0.0%1.4%-0.2%6.4K-93.2K-6240.0046.63N/AN/A001,83472