TRX Options History — June 2008

In June 2008, TRX traded between $3.16 and $5.20. ATM implied volatility averaged 85.6%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 25.0%. IV traded below realized volatility by 73.6% (HV 20d: 159.2%). Max pain ranged from $2.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 5.71.

Notable Days

2008-06-05: Highest Volume — 72 contracts
2008-06-04: Largest IV spike — 44.0% change
2008-06-04: Highest IV Rank — 58.6%
2008-06-04: Largest Expected Move — 31.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.06	$3.16	$5.20	$3.38	$3.16
Max Pain	$6.55	$2.50	$7.50	$2.50	$7.50
ATM IV	85.6%	60.8%	110.0%	96.3%	99.7%
Expected Move	25.0%	17.4%	31.5%	27.6%	28.6%
HV 20d	159.2%	91.9%	176.3%	91.9%	172.0%
HV 60d	118.6%	107.7%	131.3%	107.8%	117.1%
IV Rank	39.6%	20.7%	58.6%	49.1%	49.6%
IV Percentile	75.4%	48.4%	93.3%	85.7%	88.5%
Term Structure	-1.6%	-36.7%	31.8%	-26.2%	-5.0%
VWIV	91.7%	91.7%	91.7%	91.7%	91.7%
Bid-Ask Spread %	93.00	64.91	111.82	95.50	94.84
Gamma HHI	0.47	0.33	0.73	0.73	0.34
Net GEX	737	219	1.7K	219	503
Net DEX	-32.6K	-112.4K	-6.3K	-18.0K	-16.0K
Net VEX	-203	-389	-24	-24	-167
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.71	0.00	50.00	1.43	0.00
Total Volume	13.095	0	72	0	1
Total OI	684.762	596	743	596	698

Daily Data (21 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
2008-06-02	$3.38	$2.50	96.3%	27.6%	91.9%	49.1%	0.0%	0.0%	-26.2%	219	-18.0K	-24	0.00	95.50	N/A	N/A	0	0	536	60
2008-06-03	$3.81	$2.50	76.4%	21.9%	99.6%	34.9%	0.0%	0.0%	-5.9%	790	-36.3K	-153	0.00	64.91	N/A	N/A	0	0	536	60
2008-06-04	$3.66	$2.50	110.0%	31.5%	100.0%	58.6%	0.0%	0.0%	-36.7%	719	-32.6K	-153	1.43	65.49	N/A	N/A	7	10	536	60
2008-06-05	$5.20	$2.50	91.5%	26.2%	154.4%	45.4%	91.7%	0.0%	-10.4%	1.7K	-112.4K	-389	0.00	99.48	N/A	N/A	72	0	535	70
2008-06-06	$4.46	$7.50	80.9%	24.5%	165.4%	36.8%	0.0%	0.0%	1.7%	1.3K	-65.8K	-265	50.00	93.13	N/A	N/A	1	50	565	70
2008-06-09	$4.25	$7.50	73.0%	25.8%	166.9%	31.1%	0.0%	0.0%	-6.6%	775	-31.9K	-210	0.00	92.63	N/A	N/A	0	0	564	120
2008-06-10	$4.35	$7.50	70.2%	24.8%	167.0%	27.7%	0.0%	0.0%	3.8%	828	-42.3K	-250	0.00	91.87	N/A	N/A	0	0	564	120
2008-06-11	$4.09	$7.50	83.5%	22.6%	169.2%	37.5%	0.0%	0.0%	6.7%	977	-27.0K	-185	0.00	96.53	N/A	N/A	0	20	564	120
2008-06-12	$4.42	$7.50	93.4%	26.8%	169.1%	44.9%	0.0%	0.0%	-1.3%	640	-36.7K	-241	0.00	93.03	N/A	N/A	0	20	564	140
2008-06-13	$4.54	$7.50	87.6%	25.1%	169.0%	40.6%	0.0%	0.0%	2.3%	514	-37.2K	-283	0.00	95.10	N/A	N/A	14	0	564	160
2008-06-16	$4.90	$7.50	92.8%	26.6%	170.4%	44.4%	0.0%	0.0%	-7.1%	490	-65.4K	-335	0.00	87.24	N/A	N/A	33	0	578	160
2008-06-17	$4.57	$7.50	91.0%	26.1%	173.0%	43.1%	0.0%	0.0%	-2.6%	622	-40.9K	-293	0.00	94.26	N/A	N/A	1	0	582	160
2008-06-18	$4.19	$7.50	77.6%	22.3%	176.0%	33.2%	0.0%	0.0%	1.2%	913	-19.3K	-219	0.00	103.05	N/A	N/A	0	0	583	160
2008-06-19	$4.11	$7.50	60.8%	17.4%	176.3%	20.7%	0.0%	0.0%	31.8%	822	-13.8K	-194	0.00	111.82	N/A	N/A	0	0	583	160
2008-06-20	$3.98	$7.50	65.4%	18.7%	176.2%	24.1%	0.0%	0.0%	24.6%	726	-12.3K	-164	0.00	109.71	N/A	N/A	1	0	583	150
2008-06-23	$3.80	$7.50	71.2%	20.4%	166.9%	28.4%	0.0%	0.0%	18.9%	654	-20.0K	-150	0.00	92.97	N/A	N/A	0	0	570	110
2008-06-24	$3.68	$7.50	94.7%	27.2%	167.1%	45.9%	0.0%	0.0%	-14.3%	549	-12.9K	-129	0.00	92.35	N/A	N/A	25	0	570	110
2008-06-25	$3.92	$7.50	90.0%	25.8%	168.1%	42.3%	0.0%	0.0%	21.0%	731	-23.4K	-176	0.00	91.39	N/A	N/A	0	0	595	110
2008-06-26	$3.48	$7.50	91.5%	26.2%	172.4%	43.4%	0.0%	0.0%	-21.7%	447	-6.3K	-110	0.00	93.58	N/A	N/A	0	0	595	110
2008-06-27	$3.23	$7.50	99.2%	28.4%	172.7%	49.2%	0.0%	0.0%	-7.7%	569	-14.8K	-178	0.00	94.08	N/A	N/A	0	20	595	110
2008-06-30	$3.16	$7.50	99.7%	28.6%	172.0%	49.6%	0.0%	0.0%	-5.0%	503	-16.0K	-167	0.00	94.84	N/A	N/A	1	0	595	103