TRX Options History — February 2008

In February 2008, TRX traded between $4.47 and $8.20. ATM implied volatility averaged 94.4%, placing in the 51.9% IV rank vs the trailing year. The 30-day expected move averaged 22.6%. IV traded below realized volatility by 17.4% (HV 20d: 111.8%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 2.43.

Notable Days

  • 2008-02-19: Highest Volume — 428 contracts
  • 2008-02-14: Largest IV drop — 31.7% change
  • 2008-02-12: Highest IV Rank — 95.9%
  • 2008-02-01: Largest Expected Move — 25.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.93$4.47$8.20$8.20$4.47
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV94.4%73.7%154.8%89.9%73.7%
Expected Move22.6%20.6%25.8%25.8%21.1%
HV 20d111.8%83.6%134.0%83.6%123.2%
HV 60d81.2%65.8%91.8%65.8%91.8%
IV Rank51.9%36.8%95.9%48.6%36.8%
IV Percentile91.3%83.7%99.6%92.5%83.7%
Term Structure0.6%-11.3%23.4%-11.3%4.5%
VWIV79.9%73.7%90.2%90.2%73.7%
Skew 25d2.4%-18.1%40.5%27.4%9.4%
Skew 10d-1.9%-33.8%63.2%35.1%6.9%
Call IV 25d86.6%63.4%108.4%63.4%64.0%
Put IV 25d89.0%73.4%127.1%90.8%73.4%
Bid-Ask Spread %64.0434.6479.6477.4145.33
Gamma HHI0.590.330.720.500.66
Net GEX5.2K-3.3K21.0K14.5K-2.7K
Net DEX47.5K-454.2K317.5K-454.2K258.3K
Net VEX-1.1K-1.8K-439-1.7K-595
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.430.0014.8511.310.00
Total Volume109.35042819711
Total OI2,316.151,2743,2392,2011,786

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$8.20$7.5089.9%25.8%83.6%48.6%90.2%27.4%-11.3%14.5K-454.2K-1.7K11.3177.41N/AN/A161811,765436
2008-02-04$7.52$7.5092.0%22.1%88.7%50.2%0.0%13.6%2.4%11.7K-181.0K-1.6K0.0067.80N/AN/A301,766605
2008-02-05$7.15$7.50103.6%21.7%89.9%58.6%74.8%14.0%1.6%10.2K-109.9K-1.5K0.4470.85N/AN/A2261001,766605
2008-02-06$7.40$7.50100.9%22.7%90.5%56.6%79.3%8.4%-1.9%14.1K-167.0K-1.7K0.0071.80N/AN/A0101,986705
2008-02-07$7.29$7.50122.9%23.1%85.6%72.7%0.0%14.6%-0.0%12.4K-168.7K-1.7K0.0573.30N/AN/A380201,986705
2008-02-08$7.43$7.50118.9%23.9%85.9%69.8%83.4%40.5%-2.2%19.4K-353.2K-1.8K0.0071.25N/AN/A1302,336724
2008-02-11$7.50$7.50135.7%23.9%85.9%82.0%0.0%0.0%-4.2%21.0K-322.5K-1.6K3.6773.08N/AN/A3112,329724
2008-02-12$7.55$7.50154.8%25.0%85.9%95.9%0.0%0.0%-7.0%21.0K-369.2K-1.6K8.6473.48N/AN/A11952,329724
2008-02-13$5.95$7.50122.4%20.6%118.7%72.3%86.6%0.0%23.4%-687317.5K-6650.6079.64N/AN/A1941162,340791
2008-02-14$5.46$7.5083.6%24.0%121.8%44.0%0.0%0.0%-3.7%1.1K249.6K-6971.0066.35N/AN/A14142,501722
2008-02-15$4.64$7.5082.7%23.7%132.2%43.4%0.0%0.0%-4.1%207283.3K-4390.4834.64N/AN/A125602,507732
2008-02-19$4.97$7.5076.6%22.0%133.4%38.9%76.6%-8.2%-0.1%455151.1K-61314.8555.93N/AN/A27401776498
2008-02-20$4.96$7.5074.4%21.3%132.9%37.3%74.7%-13.7%6.5%-3.3K261.3K-7830.0058.36N/AN/A120803893
2008-02-21$4.68$7.5078.3%22.4%134.0%40.2%0.0%-14.5%-1.1%-2.7K257.3K-7330.2856.91N/AN/A7421815893
2008-02-22$4.70$7.5075.1%21.5%133.1%37.9%0.0%-15.0%3.1%-2.7K268.4K-7100.0060.95N/AN/A00867890
2008-02-25$4.70$7.5074.2%21.3%130.5%37.1%0.0%-18.1%3.0%-2.8K266.5K-7150.0064.99N/AN/A00867890
2008-02-26$4.69$7.5075.2%21.5%127.3%37.9%0.0%-13.9%-0.4%-2.8K261.4K-7030.0058.59N/AN/A20867890
2008-02-27$4.74$7.5074.4%21.3%126.7%37.3%0.0%-4.1%4.7%-2.8K254.8K-7480.0061.86N/AN/A60869890
2008-02-28$4.68$7.5078.4%22.5%126.7%40.2%0.0%-4.6%-0.3%-2.7K245.5K-7120.0058.36N/AN/A410875870
2008-02-29$4.47$7.5073.7%21.1%123.2%36.8%73.7%9.4%4.5%-2.7K258.3K-5950.0045.33N/AN/A110916870