TRX Options History — August 2008

In August 2008, TRX traded between $0.33 and $1.31. ATM implied volatility averaged 144.4%, placing in the 66.2% IV rank vs the trailing year. The 30-day expected move averaged 41.4%. IV traded below realized volatility by 47.2% (HV 20d: 191.6%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.31.

Notable Days

2008-08-27: Highest Volume — 51 contracts
2008-08-11: Largest IV drop — 42.4% change
2008-08-08: Highest IV Rank — 94.6%
2008-08-08: Largest Expected Move — 54.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.87	$0.33	$1.31	$1.20	$0.60
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	144.4%	95.5%	190.8%	144.8%	120.4%
Expected Move	41.4%	27.4%	54.7%	41.5%	34.5%
HV 20d	191.6%	138.2%	269.0%	207.0%	269.0%
HV 60d	182.7%	164.8%	216.2%	165.3%	216.2%
IV Rank	66.2%	36.3%	94.6%	66.5%	51.5%
IV Percentile	92.7%	72.6%	99.6%	97.2%	86.9%
Term Structure	-89.3%	-121.0%	-57.9%	-73.7%	-121.0%
VWIV	110.8%	110.8%	110.8%	110.8%	110.8%
Bid-Ask Spread %	47.07	8.29	106.83	12.22	14.14
Gamma HHI	0.98	0.84	1.00	0.99	1.00
Net GEX	12	0	46	32	0
Net DEX	4.5K	330	10.3K	8.6K	600
Net VEX	-7	-34	0	-17	0
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.31	0.00	1.25	1.25	0.00
Total Volume	3.95	0	51	18	0
Total OI	450.6	121	774	766	164

Daily Data (20 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
2008-08-01	$1.20	$2.50	144.8%	41.5%	207.0%	66.5%	0.0%	0.0%	-73.7%	32	8.6K	-17	1.25	12.22	N/A	N/A	8	10	682	84
2008-08-04	$1.26	$2.50	152.9%	43.8%	209.0%	71.4%	0.0%	0.0%	-85.0%	42	8.6K	-22	0.00	12.22	N/A	N/A	0	0	690	84
2008-08-05	$1.31	$2.50	174.7%	50.1%	210.3%	84.7%	0.0%	0.0%	-87.0%	46	8.9K	-22	0.00	10.78	N/A	N/A	0	0	690	84
2008-08-06	$1.25	$2.50	169.1%	48.5%	160.4%	81.3%	0.0%	0.0%	-57.9%	44	6.2K	-34	0.00	15.46	N/A	N/A	0	0	690	84
2008-08-07	$1.23	$2.50	181.7%	52.1%	155.5%	89.0%	0.0%	0.0%	-111.4%	38	8.7K	-19	0.00	9.83	N/A	N/A	0	0	690	84
2008-08-08	$1.24	$2.50	190.8%	54.7%	151.3%	94.6%	0.0%	0.0%	-121.0%	40	8.5K	-21	0.00	11.36	N/A	N/A	0	0	690	84
2008-08-11	$1.23	$2.50	109.9%	31.5%	138.2%	45.1%	0.0%	0.0%	0.0%	0	10.3K	0	0.00	95.68	N/A	N/A	0	0	690	84
2008-08-12	$1.15	$2.50	99.1%	28.4%	140.0%	38.6%	0.0%	0.0%	0.0%	0	9.7K	0	0.00	72.02	N/A	N/A	0	0	690	84
2008-08-13	$1.18	$2.50	95.5%	27.4%	139.5%	36.3%	110.8%	0.0%	0.0%	0	9.9K	0	0.00	71.44	N/A	N/A	7	0	690	84
2008-08-15	$0.97	$2.50	119.4%	34.2%	140.2%	51.0%	0.0%	0.0%	0.0%	0	5.7K	0	0.00	95.16	N/A	N/A	0	0	697	59
2008-08-18	$0.70	$2.50	137.5%	39.4%	176.0%	62.0%	0.0%	0.0%	0.0%	0	700	0	0.00	89.66	N/A	N/A	3	0	113	10
2008-08-19	$0.67	$2.50	146.7%	42.1%	153.0%	67.7%	0.0%	0.0%	0.0%	0	670	0	0.00	88.56	N/A	N/A	0	0	111	10
2008-08-20	$0.65	$2.50	124.5%	35.7%	151.8%	54.1%	0.0%	0.0%	0.0%	0	650	0	0.00	106.58	N/A	N/A	0	0	111	10
2008-08-21	$0.45	$2.50	152.2%	43.6%	188.4%	71.0%	0.0%	0.0%	0.0%	0	450	0	0.00	106.83	N/A	N/A	0	0	111	10
2008-08-22	$0.33	$2.50	177.4%	50.9%	206.9%	86.4%	0.0%	0.0%	0.0%	0	330	0	0.00	11.17	N/A	N/A	0	0	111	10
2008-08-25	$0.47	$2.50	157.4%	45.1%	255.6%	74.2%	0.0%	0.0%	0.0%	0	470	0	0.00	12.49	N/A	N/A	0	0	111	10
2008-08-26	$0.52	$2.50	156.4%	44.8%	259.8%	73.5%	0.0%	0.0%	0.0%	0	520	0	0.00	8.29	N/A	N/A	0	0	111	10
2008-08-27	$0.48	$2.50	157.9%	45.3%	258.0%	74.5%	0.0%	0.0%	0.0%	0	480	0	0.00	12.10	N/A	N/A	51	0	111	10
2008-08-28	$0.52	$2.50	119.3%	34.2%	261.6%	50.9%	0.0%	0.0%	0.0%	0	520	0	0.00	85.45	N/A	N/A	0	0	154	10
2008-08-29	$0.60	$2.50	120.4%	34.5%	269.0%	51.5%	0.0%	0.0%	0.0%	0	600	0	0.00	14.14	N/A	N/A	0	0	154	10