TRX Options History — April 2012

In April 2012, TRX traded between $4.29 and $5.15. ATM implied volatility averaged 60.8%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded above realized volatility by 13.3% (HV 20d: 47.5%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.39.

Notable Days

  • 2012-04-10: Highest Volume — 1,163 contracts
  • 2012-04-30: Largest IV spike — 91.5% change
  • 2012-04-25: Highest IV Rank — 24.9%
  • 2012-04-25: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.79$4.29$5.15$5.15$4.47
Max Pain$4.80$4.00$5.00$4.00$5.00
ATM IV60.8%32.7%69.6%55.8%62.6%
Expected Move17.5%9.4%19.9%16.0%17.9%
HV 20d47.5%39.9%58.9%55.2%45.9%
HV 60d53.3%49.8%54.8%52.3%53.4%
IV Rank19.2%2.0%24.9%15.5%20.5%
IV Percentile34.3%0.4%51.8%21.5%40.6%
Term Structure3.0%-5.7%20.2%8.6%20.2%
VWIV58.2%24.6%66.3%58.8%24.6%
Skew 25d12.7%-16.2%45.6%13.0%45.6%
Skew 10d12.6%-16.2%35.7%17.1%35.7%
Call IV 25d51.5%37.6%62.6%44.3%37.6%
Put IV 25d64.2%24.6%83.2%57.3%83.2%
Bid-Ask Spread %40.6018.1894.5118.1827.76
Gamma HHI0.550.400.810.560.41
Net GEX38.8K19.0K79.0K34.2K23.3K
Net DEX-2.2M-3.6M-857.1K-3.2M-1.3M
Net VEX-9.1K-10.0K-8.0K-9.1K-8.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.003.990.000.08
Total Volume329.95261,1635526
Total OI18,992.813,84222,39020,33714,401

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-04-02$5.15$4.0055.8%16.0%55.2%15.5%0.0%13.0%8.6%34.2K-3.2M-9.1K0.0018.18N/AN/A55012,9617,376
2012-04-03$4.88$4.0058.7%16.8%58.0%17.2%58.8%0.2%7.6%35.3K-2.5M-9.6K0.2123.24N/AN/A721512,9367,376
2012-04-04$4.70$4.0066.4%19.0%58.9%21.7%66.0%-10.5%-1.3%32.8K-2.1M-9.6K0.1721.94N/AN/A2454212,9527,381
2012-04-05$4.78$4.0068.3%19.6%54.6%22.9%60.3%-4.0%-4.6%35.6K-2.3M-9.4K0.0024.99N/AN/A136013,1137,381
2012-04-09$4.90$5.0065.8%18.8%52.7%21.4%0.0%22.0%-0.9%36.5K-2.6M-8.8K0.1894.51N/AN/A621113,2287,381
2012-04-10$4.90$5.0059.0%18.7%46.9%18.4%65.6%12.3%-5.7%39.9K-2.5M-8.8K0.0456.61N/AN/A1,1144913,1667,381
2012-04-11$4.93$5.0065.7%17.4%46.5%22.5%57.9%17.6%5.3%45.8K-2.8M-9.9K0.0756.91N/AN/A2952014,0987,381
2012-04-12$5.00$5.0064.3%18.4%44.7%21.6%46.6%27.1%-0.1%48.9K-3.0M-9.1K0.0043.93N/AN/A188014,0657,394
2012-04-13$5.03$5.0066.3%19.0%44.4%22.9%66.3%19.7%-3.0%51.9K-3.1M-9.4K0.0455.80N/AN/A5322014,0837,394
2012-04-16$5.05$5.0061.6%17.7%42.6%20.0%63.3%20.7%3.4%55.1K-3.1M-9.5K0.1755.27N/AN/A951614,1637,394
2012-04-17$5.14$5.0062.3%17.8%42.8%20.3%62.0%10.6%-1.1%74.2K-3.6M-9.8K0.1358.74N/AN/A3024014,1127,394
2012-04-18$4.98$5.0057.1%16.4%44.6%17.2%57.2%15.1%2.9%79.0K-2.9M-10.0K0.1837.22N/AN/A791414,0077,417
2012-04-19$4.82$5.0058.2%16.7%46.4%17.8%58.2%-5.1%3.4%60.6K-2.4M-8.8K0.8248.83N/AN/A61050013,9857,428
2012-04-20$4.73$5.0060.0%17.2%43.5%18.9%60.1%13.7%1.4%21.3K-2.0M-8.9K3.9940.68N/AN/A11947514,4627,928
2012-04-23$4.63$5.0061.4%17.6%39.9%19.8%63.1%12.2%-3.0%20.5K-1.4M-8.7K0.5242.49N/AN/A100528,8994,953
2012-04-24$4.29$5.0058.1%16.7%43.5%17.8%0.0%16.7%8.7%19.0K-857.1K-8.4K0.0326.65N/AN/A18858,8884,954
2012-04-25$4.47$5.0069.6%19.9%46.1%24.9%58.4%40.6%1.7%19.9K-1.1M-8.8K0.2626.98N/AN/A273728,9894,957
2012-04-26$4.42$5.0062.9%18.0%46.0%20.7%62.2%2.4%0.8%21.1K-985.4K-8.2K0.1624.60N/AN/A571939,0905,004
2012-04-27$4.51$5.0032.7%9.4%46.8%2.0%24.6%-16.2%15.1%20.9K-1.1M-8.0K0.7926.57N/AN/A63509,4364,948
2012-04-30$4.47$5.0062.6%17.9%45.9%20.5%0.0%45.6%20.2%23.3K-1.3M-8.3K0.0827.76N/AN/A2429,4654,936