TRX Options History — January 2008

In January 2008, TRX traded between $5.79 and $8.88. ATM implied volatility averaged 88.5%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 26.3%. IV traded above realized volatility by 21.5% (HV 20d: 67.1%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2008-01-09: Highest Volume — 191 contracts
  • 2008-01-09: Largest IV spike — 87.3% change
  • 2008-01-24: Highest IV Rank — 60.3%
  • 2008-01-24: Largest Expected Move — 30.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.23$5.79$8.88$8.88$7.30
Max Pain$7.26$5.00$7.50$5.00$7.50
ATM IV88.5%48.4%105.9%65.6%99.3%
Expected Move26.3%18.0%30.4%18.8%28.5%
HV 20d67.1%61.1%71.8%69.4%70.8%
HV 60d60.1%57.2%64.1%57.4%61.5%
IV Rank47.6%18.4%60.3%30.9%55.5%
IV Percentile93.7%61.1%98.0%96.0%95.6%
Term Structure-10.0%-26.4%19.0%0.8%-10.4%
VWIV87.3%46.9%122.5%46.9%99.2%
Skew 25d3.4%-19.6%22.6%16.3%9.6%
Skew 10d12.7%-19.2%34.0%29.7%16.2%
Call IV 25d82.2%57.1%103.5%57.1%89.1%
Put IV 25d85.6%68.8%104.9%73.4%98.7%
Bid-Ask Spread %75.4243.21101.1499.0197.30
Gamma HHI0.540.450.660.470.57
Net GEX13.2K79721.1K20.0K10.9K
Net DEX-371.7K-1.0M126.8K-1.0M-163.9K
Net VEX-1.7K-2.4K-542-2.4K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.007.500.000.21
Total Volume44.2860191457
Total OI2,274.3812,0812,5752,1512,154

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-01-02$8.88$5.0065.6%18.8%69.4%30.9%46.9%16.3%0.8%20.0K-1.0M-2.4K0.0099.01N/AN/A402,001150
2008-01-03$8.73$5.0062.6%18.0%62.9%28.8%0.0%12.9%0.1%20.1K-1.0M-2.3K0.43101.14N/AN/A47201,997150
2008-01-04$8.70$7.5055.0%20.6%62.8%23.2%68.9%12.2%-5.1%20.3K-988.2K-2.3K0.1686.56N/AN/A1931,995170
2008-01-07$8.50$7.5071.9%21.6%62.3%35.5%77.4%6.7%-13.3%14.6K-968.1K-2.1K0.0085.76N/AN/A3502,011173
2008-01-08$8.20$7.5048.4%25.5%63.9%18.4%58.2%1.2%-26.4%21.1K-817.3K-2.1K7.5080.79N/AN/A161202,020173
2008-01-09$7.53$7.5090.7%28.0%69.1%49.2%94.3%-8.9%-15.3%17.2K-489.1K-2.1K2.7574.46N/AN/A511402,023291
2008-01-10$7.55$7.50100.9%28.9%69.1%56.6%0.0%-3.0%-18.5%17.2K-506.4K-2.4K0.0086.14N/AN/A1002,054431
2008-01-11$7.49$7.50100.4%28.8%68.0%56.3%122.5%-6.3%-13.5%17.6K-460.1K-2.2K0.1784.65N/AN/A60102,054431
2008-01-14$7.53$7.50103.0%29.5%68.0%58.2%98.0%-2.2%-21.3%20.9K-495.8K-2.2K0.0079.42N/AN/A5302,114421
2008-01-15$7.03$7.50100.6%28.9%71.6%56.5%0.0%9.5%-18.5%19.0K-309.7K-1.9K0.7583.46N/AN/A432,154421
2008-01-16$7.01$7.5098.0%28.1%63.9%54.5%80.6%9.6%-16.8%19.2K-332.2K-1.8K0.0082.59N/AN/A11102,153421
2008-01-17$6.61$7.50103.9%29.8%66.0%58.8%103.8%17.0%-21.6%7.2K-133.2K-1.5K0.0059.89N/AN/A1202,125421
2008-01-18$6.10$7.5081.2%23.3%71.2%42.3%102.9%-1.8%19.0%6.3K-55.7K-1.2K0.0068.35N/AN/A3802,137421
2008-01-22$5.84$7.5098.0%28.1%71.2%54.5%0.0%0.7%-11.0%4.9K64.4K-8620.0058.15N/AN/A001,670411
2008-01-23$5.79$7.5095.6%27.4%65.8%52.8%0.0%22.6%-2.3%797126.8K-5420.0064.51N/AN/A001,670411
2008-01-24$5.99$7.50105.9%30.4%61.1%60.3%69.7%0.6%-11.2%5.6K36.2K-9750.0054.77N/AN/A091,670411
2008-01-25$6.36$7.5084.0%24.1%66.4%44.4%88.9%-19.6%2.4%6.7K22.3K-1.1K2.1071.18N/AN/A10211,670420
2008-01-28$6.78$7.5099.3%28.5%71.8%55.5%99.8%3.8%-12.6%8.5K-79.0K-1.3K0.0043.21N/AN/A4301,670426
2008-01-29$6.96$7.5098.4%28.2%67.7%54.8%98.4%-3.2%-5.8%9.5K-91.6K-1.3K0.0060.69N/AN/A1401,707426
2008-01-30$6.86$7.5095.7%27.4%65.6%52.9%0.0%-6.5%-8.9%9.5K-90.6K-1.3K0.0061.80N/AN/A2001,708426
2008-01-31$7.30$7.5099.3%28.5%70.8%55.5%99.2%9.6%-10.4%10.9K-163.9K-1.4K0.2197.30N/AN/A47101,728426