TRX Options History — October 2007

In October 2007, TRX traded between $7.50 and $9.57. ATM implied volatility averaged 52.0%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded below realized volatility by 0.5% (HV 20d: 52.4%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 1.73.

Notable Days

2007-10-23: Highest Volume — 340 contracts
2007-10-08: Largest IV drop — 35.8% change
2007-10-26: Highest IV Rank — 28.5%
2007-10-26: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.57	$7.50	$9.57	$9.35	$8.51
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	52.0%	36.0%	62.3%	58.0%	45.1%
Expected Move	15.4%	12.9%	17.9%	16.6%	12.9%
HV 20d	52.4%	38.2%	59.6%	59.6%	58.7%
HV 60d	54.7%	53.6%	57.9%	55.1%	57.9%
IV Rank	21.0%	9.3%	28.5%	25.3%	16.0%
IV Percentile	76.9%	15.6%	97.1%	91.4%	58.9%
Term Structure	-5.3%	-13.4%	8.9%	-5.9%	-10.6%
VWIV	63.4%	47.5%	89.4%	47.5%	55.5%
Skew 25d	-0.9%	-33.4%	13.3%	-5.2%	-1.4%
Skew 10d	4.0%	-22.9%	34.0%	-3.4%	-2.2%
Call IV 25d	52.1%	37.6%	72.9%	47.1%	47.6%
Put IV 25d	51.2%	35.3%	72.5%	41.9%	46.2%
Bid-Ask Spread %	86.45	50.04	105.39	83.78	76.81
Gamma HHI	0.57	0.40	0.68	0.49	0.40
Net GEX	2.7K	712	3.8K	3.7K	3.4K
Net DEX	-28.6K	-154.9K	32.8K	-16.8K	-154.9K
Net VEX	-387	-771	-99	-393	-733
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.73	0.00	10.40	0.00	0.00
Total Volume	21.957	0	340	0	5
Total OI	715	439	841	717	841

Daily Data (23 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
2007-10-01	$9.35	$10.00	58.0%	16.6%	59.6%	25.3%	0.0%	-5.2%	-5.9%	3.7K	-16.8K	-393	0.00	83.78	N/A	N/A	0	0	641	76
2007-10-02	$9.35	$10.00	54.9%	15.7%	55.3%	23.1%	0.0%	10.9%	-0.9%	3.4K	-14.2K	-385	0.00	76.79	N/A	N/A	0	0	641	76
2007-10-03	$9.20	$10.00	48.2%	13.8%	55.4%	18.2%	0.0%	-5.6%	0.6%	3.2K	-12.7K	-364	0.00	83.94	N/A	N/A	0	0	641	76
2007-10-04	$9.23	$10.00	47.1%	13.5%	55.2%	17.4%	0.0%	-7.7%	4.6%	2.9K	-6.6K	-344	0.00	100.11	N/A	N/A	0	0	641	76
2007-10-05	$9.57	$10.00	56.2%	16.0%	57.3%	24.0%	0.0%	0.7%	-7.3%	3.7K	-25.6K	-394	0.00	96.46	N/A	N/A	0	0	641	76
2007-10-08	$9.31	$10.00	36.0%	15.9%	57.7%	9.3%	0.0%	-3.2%	-7.9%	3.0K	-8.9K	-338	0.00	98.64	N/A	N/A	0	0	641	76
2007-10-09	$9.37	$10.00	44.0%	15.8%	57.5%	15.2%	47.5%	-3.8%	-6.5%	3.1K	-9.1K	-342	0.00	96.56	N/A	N/A	0	21	641	76
2007-10-10	$9.19	$10.00	41.9%	15.9%	56.9%	13.7%	0.0%	-6.5%	-7.0%	3.0K	-6.0K	-340	0.00	97.89	N/A	N/A	0	0	641	75
2007-10-11	$8.84	$10.00	46.3%	13.3%	57.6%	16.8%	0.0%	-13.3%	-4.8%	2.7K	-1.4K	-282	0.00	105.39	N/A	N/A	12	0	641	63
2007-10-12	$8.90	$10.00	57.1%	16.4%	57.8%	24.7%	0.0%	-13.3%	-8.5%	2.8K	-6.2K	-316	0.00	100.71	N/A	N/A	0	0	653	63
2007-10-15	$8.65	$10.00	47.2%	13.5%	57.7%	17.5%	0.0%	-33.4%	-13.4%	2.4K	5.3K	-262	0.00	100.88	N/A	N/A	0	0	653	63
2007-10-16	$8.40	$10.00	45.0%	12.9%	52.9%	15.8%	0.0%	13.3%	8.9%	1.9K	21.3K	-209	0.00	101.13	N/A	N/A	0	0	653	63
2007-10-17	$8.33	$10.00	52.4%	15.0%	49.7%	21.3%	0.0%	9.7%	-4.2%	1.7K	24.8K	-187	0.00	101.69	N/A	N/A	0	0	653	63
2007-10-18	$8.52	$10.00	51.1%	14.7%	51.5%	20.4%	0.0%	13.1%	8.1%	1.4K	32.8K	-161	0.00	98.06	N/A	N/A	0	5	653	63
2007-10-19	$8.04	$10.00	59.3%	17.0%	52.3%	26.3%	0.0%	10.8%	-11.3%	1.5K	20.5K	-177	0.00	103.48	N/A	N/A	0	0	653	58
2007-10-22	$7.82	$10.00	58.0%	16.6%	49.8%	25.4%	89.4%	-14.5%	-9.5%	981	29.2K	-130	0.00	53.66	N/A	N/A	0	2	383	58
2007-10-23	$7.50	$10.00	57.3%	16.4%	49.7%	24.9%	0.0%	-3.7%	-7.2%	712	29.7K	-99	0.00	55.36	N/A	N/A	340	0	383	56
2007-10-24	$7.61	$10.00	59.8%	17.1%	41.6%	26.7%	0.0%	0.6%	-7.9%	3.8K	-100.4K	-605	0.00	50.04	N/A	N/A	0	0	683	56
2007-10-25	$7.61	$10.00	60.8%	17.4%	38.2%	27.4%	61.4%	12.8%	-10.6%	3.8K	-106.1K	-609	10.40	64.03	N/A	N/A	10	104	683	56
2007-10-26	$8.06	$10.00	62.3%	17.9%	44.5%	28.5%	0.0%	12.8%	-12.2%	3.1K	-130.7K	-771	0.00	67.75	N/A	N/A	5	0	693	142
2007-10-29	$7.97	$10.00	54.4%	15.6%	44.3%	22.7%	55.5%	-0.5%	-3.5%	2.8K	-121.6K	-740	0.00	69.91	N/A	N/A	1	0	698	142
2007-10-30	$7.72	$10.00	53.3%	15.3%	45.0%	21.9%	0.0%	5.8%	-5.5%	2.4K	-100.8K	-712	0.00	105.22	N/A	N/A	0	0	699	142
2007-10-31	$8.51	$10.00	45.1%	12.9%	58.7%	16.0%	0.0%	-1.4%	-10.6%	3.4K	-154.9K	-733	0.00	76.81	N/A	N/A	5	0	699	142