TRX Options History — May 2007

Name: TRX Options Analytics - May 2007
Creator: Options Analysis Suite

In May 2007, TRX traded between $12.30 and $14.49. ATM implied volatility averaged 39.2%. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 6.8% (HV 20d: 32.4%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.62.

Notable Days

2007-05-02: Highest Volume — 90 contracts
2007-05-03: Largest IV drop — 28.2% change
2007-05-02: Largest Expected Move — 15.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.47	$12.30	$14.49	$14.20	$14.08
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	39.2%	31.0%	55.4%	45.2%	31.0%
Expected Move	11.3%	8.9%	15.9%	13.0%	8.9%
HV 20d	32.4%	18.5%	45.4%	18.5%	43.7%
HV 60d	36.7%	30.6%	42.4%	39.1%	31.0%
Term Structure	-0.7%	-28.6%	5.4%	-6.1%	2.4%
VWIV	42.8%	37.2%	55.4%	55.4%	37.2%
Bid-Ask Spread %	87.65	70.69	99.96	88.62	99.29
Gamma HHI	0.49	0.34	0.75	0.75	0.49
Net GEX	10.6K	-4.4K	50.1K	50.1K	9.7K
Net DEX	30.7K	-537.4K	376.9K	-537.4K	-62.4K
Net VEX	-2.8K	-4.0K	-1.8K	-4.0K	-3.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.00	3.50	0.00	0.00
Total Volume	14.864	0	90	20	0
Total OI	2,063.136	1,165	2,565	2,453	1,268

Daily Data (22 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
2007-05-01	$14.20	$12.50	45.2%	13.0%	18.5%	0.0%	0.0%	0.0%	-6.1%	50.1K	-537.4K	-4.0K	0.00	88.62	N/A	N/A	20	0	1,927	526
2007-05-02	$13.70	$12.50	55.4%	15.9%	22.1%	0.0%	55.4%	0.0%	-28.6%	35.3K	-271.3K	-3.6K	3.50	82.43	N/A	N/A	20	70	1,947	526
2007-05-03	$13.17	$12.50	39.7%	11.4%	25.1%	0.0%	0.0%	0.0%	5.4%	17.5K	72.1K	-3.0K	0.00	93.15	N/A	N/A	0	0	1,957	591
2007-05-04	$13.15	$0.00	36.0%	11.5%	25.0%	0.0%	0.0%	0.0%	0.1%	17.4K	70.4K	-2.9K	0.00	73.25	N/A	N/A	5	0	1,957	591
2007-05-07	$13.06	$0.00	46.0%	11.4%	24.9%	0.0%	0.0%	0.0%	1.0%	16.2K	81.9K	-2.9K	0.00	70.69	N/A	N/A	0	0	1,962	591
2007-05-08	$12.94	$0.00	40.7%	11.5%	24.8%	0.0%	0.0%	0.0%	-0.7%	7.3K	171.8K	-2.5K	0.00	85.13	N/A	N/A	0	0	1,962	591
2007-05-09	$13.20	$0.00	32.6%	11.7%	26.1%	0.0%	0.0%	0.0%	-0.5%	6.1K	94.6K	-2.6K	0.00	73.88	N/A	N/A	3	0	1,962	591
2007-05-10	$13.00	$0.00	39.9%	11.4%	25.5%	0.0%	0.0%	0.0%	-0.1%	7.9K	163.6K	-2.5K	0.00	84.84	N/A	N/A	0	0	1,961	591
2007-05-11	$13.17	$0.00	40.2%	11.5%	25.6%	0.0%	0.0%	0.0%	0.4%	4.3K	121.2K	-2.5K	0.00	74.81	N/A	N/A	0	0	1,961	591
2007-05-14	$12.95	$0.00	41.0%	11.7%	23.4%	0.0%	0.0%	0.0%	0.0%	-194	169.1K	-2.3K	0.00	85.43	N/A	N/A	0	0	1,961	591
2007-05-15	$12.30	$0.00	39.9%	11.4%	28.4%	0.0%	0.0%	0.0%	0.9%	-2.5K	360.1K	-1.8K	0.00	82.93	N/A	N/A	0	0	1,961	586
2007-05-16	$12.31	$0.00	39.6%	11.4%	28.5%	0.0%	39.6%	0.0%	0.4%	-4.4K	376.9K	-1.8K	0.00	84.75	N/A	N/A	8	0	1,961	586
2007-05-17	$13.10	$12.50	39.3%	11.3%	37.8%	0.0%	39.3%	0.0%	0.3%	5.2K	93.4K	-2.2K	3.33	92.41	N/A	N/A	3	10	1,966	586
2007-05-18	$13.24	$12.50	39.3%	11.3%	38.0%	0.0%	0.0%	0.0%	0.7%	3.0K	98.6K	-2.3K	0.67	94.12	N/A	N/A	30	20	1,969	596
2007-05-21	$13.59	$12.50	39.6%	11.4%	39.5%	0.0%	0.0%	0.0%	2.3%	6.0K	73.0K	-2.5K	0.00	87.26	N/A	N/A	59	0	759	406
2007-05-22	$14.10	$12.50	37.0%	10.6%	41.6%	0.0%	37.2%	0.0%	1.4%	7.7K	-19.5K	-3.0K	0.00	97.83	N/A	N/A	20	0	798	406
2007-05-23	$14.19	$12.50	36.6%	10.5%	41.5%	0.0%	0.0%	0.0%	1.7%	9.2K	-68.0K	-3.0K	0.00	92.50	N/A	N/A	0	0	818	406
2007-05-24	$14.14	$12.50	35.7%	10.2%	41.3%	0.0%	0.0%	0.0%	2.2%	9.0K	-63.5K	-3.0K	0.00	95.87	N/A	N/A	30	0	818	406
2007-05-25	$14.49	$12.50	37.2%	10.7%	42.1%	0.0%	0.0%	0.0%	0.9%	10.5K	-147.2K	-3.3K	0.00	93.12	N/A	N/A	10	0	848	406
2007-05-29	$13.93	$12.50	33.1%	9.5%	44.5%	0.0%	0.0%	0.0%	0.5%	9.0K	-20.9K	-2.9K	0.00	99.96	N/A	N/A	0	4	843	406
2007-05-30	$14.27	$12.50	37.3%	10.7%	45.4%	0.0%	0.0%	0.0%	0.9%	9.8K	-80.9K	-3.1K	0.00	95.97	N/A	N/A	15	0	843	410
2007-05-31	$14.08	$12.50	31.0%	8.9%	43.7%	0.0%	0.0%	0.0%	2.4%	9.7K	-62.4K	-3.0K	0.00	99.29	N/A	N/A	0	0	858	410