TRUE Options History — September 2025

Name: TRUE Options Analytics - September 2025
Creator: Options Analysis Suite

In September 2025, TRUE traded between $1.81 and $2.44. ATM implied volatility averaged 79.7%. The 30-day expected move averaged 22.3%. 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 13 of 21 days. Put/call ratio averaged 0.11.

Notable Days

2025-09-11: Highest Volume — 566 contracts
2025-09-05: Largest IV spike — 114.1% change
2025-09-10: Largest Expected Move — 36.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.18	$1.81	$2.44	$2.14	$1.81
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	79.7%	51.1%	141.4%	58.6%	85.1%
Expected Move	22.3%	13.0%	36.4%	16.8%	24.4%
Term Structure	3.3%	-61.7%	68.4%	-14.3%	20.8%
VWIV	82.3%	56.4%	129.4%	59.5%	77.7%
Bid-Ask Spread %	90.59	57.93	125.77	102.23	58.00
Gamma HHI	0.99	0.97	1.00	1.00	0.98
Net GEX	6.1K	840	18.0K	6.1K	840
Net DEX	-136.3K	-287.8K	-28.7K	-78.7K	-28.7K
Net VEX	-509	-730	-208	-510	-208
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	0.72	0.42	0.50
Total Volume	90.429	0	566	57	3
Total OI	2,124.476	1,415	2,621	2,258	1,479

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-09-02	$2.14	$2.50	58.6%	16.8%	0.0%	0.0%	59.5%	0.0%	-14.3%	6.1K	-78.7K	-510	0.42	102.23	N/A	N/A	40	17	2,174	84
2025-09-03	$2.08	$2.50	115.0%	33.0%	0.0%	0.0%	0.0%	0.0%	34.7%	4.5K	-150.5K	-645	0.72	103.49	N/A	N/A	80	58	2,197	84
2025-09-04	$2.08	$2.50	66.0%	28.3%	0.0%	0.0%	129.4%	0.0%	28.0%	4.1K	-140.3K	-568	0.10	114.59	N/A	N/A	71	7	2,277	28
2025-09-05	$2.17	$2.50	141.4%	18.2%	0.0%	0.0%	0.0%	0.0%	68.4%	5.6K	-178.8K	-633	0.00	92.10	N/A	N/A	111	0	2,348	21
2025-09-08	$2.20	$2.50	67.3%	13.0%	0.0%	0.0%	0.0%	0.0%	28.4%	8.8K	-122.9K	-547	0.00	93.61	N/A	N/A	0	0	2,429	21
2025-09-09	$2.17	$2.50	78.2%	29.8%	0.0%	0.0%	92.5%	0.0%	-17.0%	6.8K	-157.1K	-604	0.00	125.77	N/A	N/A	39	0	2,429	21
2025-09-10	$1.98	$2.50	126.9%	36.4%	0.0%	0.0%	0.0%	0.0%	-47.0%	2.6K	-99.4K	-453	0.00	107.13	N/A	N/A	1	0	2,438	21
2025-09-11	$2.26	$2.50	62.8%	18.0%	0.0%	0.0%	63.7%	0.0%	11.7%	9.7K	-167.7K	-615	0.00	93.19	N/A	N/A	566	0	2,439	21
2025-09-12	$2.44	$2.50	51.1%	14.6%	0.0%	0.0%	56.4%	0.0%	17.2%	15.4K	-287.8K	-730	0.04	113.07	N/A	N/A	500	19	2,600	21
2025-09-15	$2.38	$2.50	62.1%	17.8%	0.0%	0.0%	62.4%	0.0%	13.7%	13.1K	-255.0K	-660	0.34	101.61	N/A	N/A	59	20	2,566	13
2025-09-16	$2.27	$2.50	58.8%	16.9%	0.0%	0.0%	0.0%	0.0%	6.9%	4.7K	-125.7K	-513	0.00	96.32	N/A	N/A	5	0	2,530	33
2025-09-17	$2.25	$2.50	72.2%	20.7%	0.0%	0.0%	0.0%	0.0%	-3.2%	4.4K	-127.8K	-509	0.00	96.52	N/A	N/A	5	0	2,535	33
2025-09-18	$2.40	$2.50	71.3%	20.4%	0.0%	0.0%	71.3%	0.0%	8.2%	18.0K	-220.3K	-586	0.00	64.04	N/A	N/A	64	0	2,530	33
2025-09-19	$2.33	$2.50	76.5%	21.9%	0.0%	0.0%	76.9%	0.0%	3.3%	4.5K	-149.1K	-522	0.00	66.13	N/A	N/A	3	0	2,527	33
2025-09-22	$2.38	$2.50	71.1%	20.4%	0.0%	0.0%	71.1%	0.0%	8.1%	5.2K	-148.5K	-510	0.00	57.93	N/A	N/A	140	0	1,502	13
2025-09-23	$2.27	$2.50	55.7%	16.0%	0.0%	0.0%	62.6%	0.0%	13.0%	4.7K	-111.8K	-445	0.00	65.97	N/A	N/A	5	0	1,402	13
2025-09-24	$2.16	$2.50	69.2%	19.8%	0.0%	0.0%	85.1%	0.0%	-4.9%	3.4K	-96.2K	-418	0.00	101.80	N/A	N/A	13	0	1,402	13
2025-09-25	$2.02	$2.50	90.2%	25.9%	0.0%	0.0%	105.3%	0.0%	-17.4%	2.7K	-83.4K	-380	0.00	59.72	N/A	N/A	7	0	1,402	13
2025-09-26	$2.00	$2.50	99.7%	28.6%	0.0%	0.0%	116.0%	0.0%	-27.4%	2.6K	-92.0K	-383	0.00	67.77	N/A	N/A	59	0	1,402	13
2025-09-29	$1.98	$2.50	94.0%	26.9%	0.0%	0.0%	103.9%	0.0%	-61.7%	1.0K	-39.5K	-248	0.00	121.38	N/A	N/A	7	0	1,461	13
2025-09-30	$1.81	$2.50	85.1%	24.4%	0.0%	0.0%	77.7%	0.0%	20.8%	840	-28.7K	-208	0.50	58.00	N/A	N/A	2	1	1,466	13