TRX Options History — April 2008

In April 2008, TRX traded between $2.88 and $4.28. ATM implied volatility averaged 78.8%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 23.0%. IV traded below realized volatility by 29.6% (HV 20d: 108.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.04.

Notable Days

  • 2008-04-30: Highest Volume — 65 contracts
  • 2008-04-16: Largest IV spike — 43.7% change
  • 2008-04-30: Highest IV Rank — 56.8%
  • 2008-04-30: Largest Expected Move — 29.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.62$2.88$4.28$4.28$3.20
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV78.8%63.0%102.8%80.9%102.8%
Expected Move23.0%18.1%29.5%23.2%29.5%
HV 20d108.5%47.4%158.1%158.1%64.1%
HV 60d122.6%117.4%124.2%124.1%119.0%
IV Rank38.8%26.8%56.8%40.6%56.8%
IV Percentile81.1%69.8%94.4%84.5%94.4%
Term Structure1.3%-41.0%23.6%-3.8%-40.0%
VWIV77.4%68.7%86.0%86.0%68.7%
Skew 25d-3.5%-20.6%8.8%3.5%-8.5%
Skew 10d-2.3%-32.4%17.5%10.9%-7.8%
Call IV 25d88.1%72.2%105.4%83.8%105.4%
Put IV 25d84.6%75.1%96.9%87.3%96.9%
Bid-Ask Spread %62.6546.1883.9849.1146.18
Gamma HHI0.460.410.490.460.47
Net GEX1.3K3283.1K2.7K538
Net DEX5.3K-54.3K39.6K-41.3K33.4K
Net VEX-342-680-78-644-125
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.040.000.230.000.23
Total Volume5.455065065
Total OI1,733.5451,6831,7691,7571,693

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$4.28$5.0080.9%23.2%158.1%40.6%0.0%3.5%-3.8%2.7K-41.3K-6440.0049.11N/AN/A001,582175
2008-04-02$4.25$5.0081.2%23.3%158.0%40.8%0.0%8.2%11.6%3.1K-54.3K-6800.0049.42N/AN/A001,582175
2008-04-03$4.28$5.0064.0%18.3%156.9%27.9%0.0%6.5%19.1%2.8K-39.4K-6330.0067.92N/AN/A001,582175
2008-04-04$4.25$5.0083.8%27.2%151.3%42.8%0.0%3.4%-5.8%2.6K-32.0K-5960.0051.20N/AN/A001,582175
2008-04-07$4.24$5.0072.6%26.4%149.0%34.4%0.0%4.4%-5.3%2.6K-30.3K-5890.0069.84N/AN/A2001,582175
2008-04-08$4.27$5.0076.9%25.7%142.3%37.6%0.0%4.1%-3.1%2.5K-26.2K-5560.0068.86N/AN/A001,572175
2008-04-09$4.09$5.0083.5%21.2%138.4%42.5%86.0%-9.4%3.7%1.7K-14.9K-4920.0053.66N/AN/A1001,572175
2008-04-10$4.24$5.0086.6%24.8%137.3%44.5%0.0%5.2%2.3%1.9K-15.4K-5120.0071.14N/AN/A001,582175
2008-04-11$4.01$5.0078.9%22.6%138.3%38.7%0.0%-4.9%0.1%1.8K-13.1K-4850.0071.07N/AN/A001,582175
2008-04-14$4.00$5.0071.9%20.6%137.3%33.5%0.0%1.5%10.3%1.5K-3.3K-4220.0073.68N/AN/A001,582175
2008-04-15$3.76$5.0063.0%18.1%132.4%26.8%68.7%8.8%14.6%1.2K5.2K-3820.0083.98N/AN/A501,582175
2008-04-16$3.52$5.0090.5%25.9%135.3%47.5%0.0%2.9%-41.0%90721.6K-2810.0068.53N/AN/A1001,584175
2008-04-17$3.30$5.0081.3%23.3%137.7%40.5%0.0%-5.4%-0.4%62533.0K-1880.0068.10N/AN/A001,594175
2008-04-18$3.23$5.0081.8%23.5%59.4%40.9%0.0%-10.4%-1.5%57833.2K-1820.0068.58N/AN/A001,594175
2008-04-21$3.21$5.0077.6%22.3%59.4%37.8%0.0%-5.1%-3.1%48439.0K-1410.0071.18N/AN/A001,518175
2008-04-22$3.01$5.0069.9%20.0%57.0%32.0%0.0%-19.6%-2.5%42536.0K-1440.0066.74N/AN/A001,518175
2008-04-23$2.93$5.0075.3%21.6%56.4%36.0%0.0%-19.3%18.0%37738.0K-1130.0068.41N/AN/A001,518175
2008-04-24$2.89$5.0073.6%21.1%56.4%34.8%0.0%-20.6%23.6%32839.6K-970.0069.66N/AN/A001,518175
2008-04-25$2.92$5.0079.1%22.7%57.1%38.9%0.0%-15.6%11.7%35236.8K-980.0047.16N/AN/A1001,518165
2008-04-28$2.88$5.0075.8%21.7%56.7%36.5%0.0%0.0%13.0%35435.0K-950.0046.78N/AN/A001,528165
2008-04-29$2.89$5.0083.2%23.8%47.4%42.0%0.0%0.0%7.0%33136.4K-780.0047.14N/AN/A001,528165
2008-04-30$3.20$5.00102.8%29.5%64.1%56.8%0.0%-8.5%-40.0%53833.4K-1250.2346.18N/AN/A53121,528165