TRX Options History — August 2007

In August 2007, TRX traded between $9.96 and $11.85. ATM implied volatility averaged 59.9%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 0.9% (HV 20d: 59.0%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.66.

Notable Days

  • 2007-08-22: Highest Volume — 250 contracts
  • 2007-08-16: Largest IV spike — 162.0% change
  • 2007-08-16: Highest IV Rank — 100.0%
  • 2007-08-16: Largest Expected Move — 46.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.70$9.96$11.85$11.85$10.28
Max Pain$11.74$10.00$15.00$15.00$10.00
ATM IV59.9%36.7%160.4%46.9%59.5%
Expected Move17.0%10.5%46.0%13.5%17.1%
HV 20d59.0%41.5%66.6%41.6%61.0%
HV 60d43.5%36.7%45.9%36.7%45.4%
IV Rank30.9%13.8%100.0%24.4%26.5%
IV Percentile89.8%21.1%100.0%89.0%94.6%
Term Structure-4.7%-59.8%19.0%8.0%-6.1%
VWIV61.6%51.4%84.5%59.1%53.7%
Skew 25d3.5%-11.2%20.6%-4.0%12.6%
Skew 10d18.5%-3.4%55.8%2.0%19.3%
Call IV 25d61.7%48.5%142.5%55.4%49.4%
Put IV 25d65.2%49.2%163.2%51.4%62.0%
Bid-Ask Spread %82.2153.39161.7493.8986.83
Gamma HHI0.420.320.520.480.46
Net GEX5.8K1.2K9.2K7.5K9.2K
Net DEX35.7K-164.4K354.2K354.2K-164.4K
Net VEX-718-1.1K-281-715-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.009.000.640.42
Total Volume41.7830250180
Total OI1,124.0435841,4741,413982

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$11.85$15.0046.9%13.5%41.6%24.4%59.1%0.0%8.0%7.5K354.2K-7150.6493.89N/AN/A117991422
2007-08-02$11.56$15.0051.2%14.7%41.5%28.8%51.4%0.0%-1.3%6.4K341.2K-6150.0053.39N/AN/A400996395
2007-08-03$10.90$15.0036.7%10.5%44.0%13.8%71.1%0.0%19.0%4.4K338.0K-5129.0080.06N/AN/A201801,026395
2007-08-06$10.33$12.5054.1%14.6%45.6%31.8%0.0%0.0%-2.8%1.9K184.9K-2811.2593.32N/AN/A8101,026215
2007-08-07$10.32$12.5056.9%15.0%46.0%34.6%56.1%-4.0%-3.0%1.7K182.0K-3120.0065.07N/AN/A2001,034225
2007-08-08$11.07$12.5045.5%14.4%54.1%22.9%54.1%3.5%2.6%3.7K169.9K-4290.0083.48N/AN/A1001,054225
2007-08-09$10.45$12.5041.7%14.6%55.9%19.0%0.0%-0.3%-5.8%1.2K185.4K-3020.0088.14N/AN/A2001,054225
2007-08-10$11.29$12.5046.6%15.7%64.7%24.0%0.0%8.6%-9.4%5.3K145.5K-5340.0064.88N/AN/A12001,074220
2007-08-13$11.22$12.5061.8%14.4%64.4%39.6%65.1%1.1%6.3%6.6K58.3K-7540.0070.96N/AN/A5001,194220
2007-08-14$11.32$12.5070.2%16.1%61.7%48.3%0.0%4.9%-9.5%8.5K29.6K-8440.0077.41N/AN/A001,244220
2007-08-15$10.51$12.5061.2%17.2%64.7%39.0%0.0%-3.3%-11.7%4.4K74.7K-6950.0078.14N/AN/A001,244220
2007-08-16$10.96$12.50160.4%46.0%66.6%100.0%0.0%20.6%-59.8%3.4K-62.5K-1.1K0.00161.74N/AN/A0101,244220
2007-08-17$10.82$12.5057.6%16.5%66.5%25.1%55.4%4.6%-6.8%5.1K71.8K-7360.0083.79N/AN/A5601,244230
2007-08-20$10.70$10.0058.7%16.8%66.4%25.9%56.6%3.1%-6.6%5.1K-92.2K-6950.0079.27N/AN/A1052559
2007-08-21$10.85$10.0058.8%16.9%66.5%26.0%0.0%1.1%-5.0%5.5K-104.7K-7270.0076.20N/AN/A5052559
2007-08-22$10.69$10.0060.3%17.3%66.2%27.0%0.0%1.2%-3.3%5.4K-104.7K-7300.0077.35N/AN/A250053059
2007-08-23$10.30$10.0057.8%16.6%66.2%25.2%84.5%-11.2%2.8%8.2K-137.6K-9790.0071.32N/AN/A21078059
2007-08-24$10.37$10.0059.1%16.9%62.9%26.1%70.7%-7.9%-3.3%8.6K-150.2K-1.0K0.0065.70N/AN/A27080159
2007-08-27$10.32$10.0057.9%16.6%62.7%25.3%0.0%-5.5%-1.3%8.5K-144.9K-9440.0080.53N/AN/A0082859
2007-08-28$10.13$10.0059.2%17.0%62.9%26.3%0.0%11.4%-4.8%7.9K-130.2K-8990.0086.25N/AN/A0082859
2007-08-29$9.99$10.0061.3%17.6%62.9%27.7%0.0%8.8%-5.0%7.3K-117.2K-8670.0086.22N/AN/A10082859
2007-08-30$9.96$10.0053.7%15.4%62.6%22.2%53.7%17.4%-0.7%7.2K-106.3K-8150.4286.91N/AN/A602583859
2007-08-31$10.28$10.0059.5%17.1%61.0%26.5%0.0%12.6%-6.1%9.2K-164.4K-1.0K0.0086.83N/AN/A0089884