TRUE Options History — May 2025

In May 2025, TRUE traded between $1.32 and $1.69. ATM implied volatility averaged 139.6%. The 30-day expected move averaged 33.6%. Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2025-05-02: Highest Volume — 1,124 contracts
  • 2025-05-12: Largest IV spike — 74.0% change
  • 2025-05-06: Largest Expected Move — 68.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.52$1.32$1.69$1.52$1.46
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV139.6%67.9%339.7%112.4%110.3%
Expected Move33.6%19.5%68.4%32.2%31.6%
Term Structure-59.6%-211.5%37.2%37.2%-17.0%
VWIV164.2%77.2%362.2%132.6%84.6%
Bid-Ask Spread %94.4183.81130.8383.8187.56
Gamma HHI1.000.991.001.001.00
Net GEX8065111.2K517845
Net DEX-30.5K-54.8K-13.6K-20.1K-37.7K
Net VEX-264-398-142-190-311
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.0012.000.0012.00
Total Volume206.14301,12411365
Total OI6,004.7624,7177,6155,4214,807

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$1.52$2.50112.4%32.2%0.0%0.0%0.0%0.0%37.2%517-20.1K-1900.0083.81N/AN/A11305,4138
2025-05-02$1.56$2.50135.9%39.0%0.0%0.0%132.6%0.0%-49.4%586-25.4K-2240.0085.26N/AN/A1,12405,4988
2025-05-05$1.50$2.50143.0%22.6%0.0%0.0%77.2%0.0%-16.6%593-23.3K-2210.0085.06N/AN/A30606,5778
2025-05-06$1.37$2.50150.5%68.4%0.0%0.0%0.0%0.0%-169.4%511-30.6K-2470.00130.83N/AN/A16306,6348
2025-05-07$1.32$2.50195.3%55.6%0.0%0.0%362.2%0.0%-211.5%568-27.0K-2380.00104.22N/AN/A606,7978
2025-05-08$1.44$2.50174.0%26.4%0.0%0.0%84.6%0.0%-19.0%730-35.7K-2900.0088.40N/AN/A16506,8028
2025-05-09$1.39$2.50195.3%23.1%0.0%0.0%0.0%0.0%-2.3%684-29.8K-2620.0084.43N/AN/A64606,8668
2025-05-12$1.48$2.50339.7%38.2%0.0%0.0%0.0%0.0%-62.9%755-31.0K-2820.00108.48N/AN/A007,5028
2025-05-13$1.46$2.50258.6%48.1%0.0%0.0%0.0%0.0%-174.3%725-30.5K-2770.00106.30N/AN/A10007,5028
2025-05-14$1.50$2.50185.3%53.1%0.0%0.0%0.0%0.0%-201.7%800-41.9K-3200.00114.92N/AN/A007,6028
2025-05-15$1.56$2.50157.4%45.1%0.0%0.0%0.0%0.0%-181.3%890-33.5K-2960.00105.99N/AN/A507,6028
2025-05-16$1.62$2.50103.4%29.6%0.0%0.0%0.0%0.0%-61.1%940-40.3K-3210.00106.31N/AN/A37507,6078
2025-05-19$1.69$2.5067.9%19.5%0.0%0.0%0.0%0.0%-4.2%1.2K-23.4K-2610.0085.54N/AN/A87005,2610
2025-05-20$1.58$2.5083.9%24.1%0.0%0.0%0.0%0.0%-19.1%1.1K-38.9K-3110.0087.26N/AN/A22304,8240
2025-05-21$1.67$2.5068.2%19.6%0.0%0.0%0.0%0.0%-5.4%1.1K-54.8K-3980.0086.90N/AN/A1504,7170
2025-05-22$1.60$2.5080.1%23.0%0.0%0.0%0.0%0.0%-20.2%1.1K-43.0K-3530.0086.30N/AN/A5704,7320
2025-05-23$1.48$2.5088.1%25.3%0.0%0.0%0.0%0.0%-23.7%693-16.1K-1700.0085.81N/AN/A4504,7890
2025-05-27$1.63$2.5090.4%25.9%0.0%0.0%0.0%0.0%-24.0%1.0K-23.5K-2260.0086.30N/AN/A1004,8280
2025-05-28$1.63$2.5083.1%23.8%0.0%0.0%0.0%0.0%-11.2%958-20.0K-2090.0086.33N/AN/A4004,8380
2025-05-29$1.48$2.50109.6%31.4%0.0%0.0%0.0%0.0%-15.2%579-13.6K-1420.0086.69N/AN/A104,8060
2025-05-30$1.46$2.50110.3%31.6%0.0%0.0%0.0%0.0%-17.0%845-37.7K-31112.0087.56N/AN/A5604,8070