TRUE Options History — January 2026

In January 2026, TRUE traded between $2.09 and $2.54. ATM implied volatility averaged 43.4%. The 30-day expected move averaged 7.9%. Max pain ranged from $2.50 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.08.

Notable Days

  • 2026-01-21: Highest Volume — 2,075 contracts
  • 2026-01-13: Largest IV spike — 221.2% change
  • 2026-01-15: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.34$2.09$2.54$2.27$2.54
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV43.4%14.0%165.5%47.3%25.6%
Expected Move7.9%4.0%14.2%13.6%7.3%
Term Structure-8.3%-27.6%3.1%-8.7%-12.9%
VWIV34.2%15.8%57.4%38.8%15.8%
Bid-Ask Spread %81.501.51155.7198.021.51
Gamma HHI1.000.991.001.001.00
Net GEX4.0K18521.9K2.1K2.1K
Net DEX-43.3K-435.0K188.9K141.9K-240.1K
Net VEX-1.2K-2.1K-459-773-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.006.670.001.62
Total Volume171.3502,07560
Total OI3,648.92,7325,0282,9494,676

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$2.27$2.5047.3%13.6%0.0%0.0%0.0%0.0%-8.7%2.1K141.9K-7730.0098.02N/AN/A601,8391,110
2026-01-05$2.31$2.5055.1%7.8%0.0%0.0%0.0%0.0%-8.9%3.7K79.6K-1.0K0.00131.17N/AN/A4801,8431,110
2026-01-06$2.31$2.5057.8%7.9%0.0%0.0%0.0%0.0%-9.1%3.7K70.2K-1.1K0.00131.17N/AN/A001,8911,110
2026-01-07$2.31$2.5060.9%5.1%0.0%0.0%0.0%0.0%-6.4%4.0K75.9K-1.0K0.04155.71N/AN/A2411,8911,110
2026-01-08$2.16$2.5049.3%7.4%0.0%0.0%0.0%0.0%-9.2%1.4K81.1K-6180.00153.40N/AN/A0201,9151,111
2026-01-09$2.21$2.5061.7%6.8%0.0%0.0%0.0%0.0%-2.3%1.9K168.3K-6670.00153.94N/AN/A051,9151,129
2026-01-12$2.15$2.5051.5%8.0%0.0%0.0%0.0%0.0%-3.7%451168.9K-5836.67154.41N/AN/A3201,9151,122
2026-01-13$2.09$2.50165.5%9.0%0.0%0.0%0.0%0.0%-11.8%185188.9K-4590.00153.02N/AN/A0301,9171,112
2026-01-14$2.12$2.5032.8%9.4%0.0%0.0%38.8%0.0%3.1%196125.9K-7950.07123.26N/AN/A635431,9171,131
2026-01-15$2.15$2.5049.7%14.2%0.0%0.0%57.4%0.0%-27.6%1.9K96.7K-1.0K0.2179.50N/AN/A48102,4321,166
2026-01-16$2.12$2.5028.0%8.0%0.0%0.0%24.7%0.0%0.3%1.7K152.5K-8140.0179.50N/AN/A35822,4751,166
2026-01-20$2.21$2.5035.0%10.0%0.0%0.0%0.0%0.0%0.2%3.6K3.6K-1.1K1.1584.02N/AN/A46531,908824
2026-01-21$2.54$2.5014.0%4.0%0.0%0.0%15.8%0.0%-7.0%21.9K-324.7K-9941.6255.75N/AN/A7931,2821,954877
2026-01-22$2.54$2.5014.2%4.1%0.0%0.0%0.0%0.0%-7.2%13.6K-435.0K-1.6K0.0068.08N/AN/A002,8652,163
2026-01-23$2.54$2.5023.8%6.8%0.0%0.0%0.0%0.0%-9.0%3.7K-235.0K-2.1K0.001.51N/AN/A002,5172,163
2026-01-26$2.54$2.5023.3%6.7%0.0%0.0%0.0%0.0%-10.8%4.3K-249.1K-2.0K0.001.51N/AN/A002,5132,163
2026-01-27$2.54$2.5023.8%6.8%0.0%0.0%0.0%0.0%-11.2%4.3K-252.0K-2.0K0.001.51N/AN/A002,5132,163
2026-01-28$2.54$2.5024.3%7.0%0.0%0.0%0.0%0.0%-11.7%2.3K-242.8K-2.0K0.001.51N/AN/A002,5132,163
2026-01-29$2.54$2.5024.9%7.1%0.0%0.0%0.0%0.0%-12.3%2.2K-241.8K-2.0K0.001.51N/AN/A002,5132,163
2026-01-30$2.54$2.5025.6%7.3%0.0%0.0%0.0%0.0%-12.9%2.1K-240.1K-2.0K0.001.51N/AN/A002,5132,163