TRX Options History — April 2013

In April 2013, TRX traded between $2.55 and $3.72. ATM implied volatility averaged 63.1%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded below realized volatility by 22.4% (HV 20d: 85.5%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2013-04-24: Highest Volume — 598 contracts
  • 2013-04-12: Largest IV spike — 73.0% change
  • 2013-04-30: Highest IV Rank — 72.8%
  • 2013-04-30: Largest Expected Move — 22.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.10$2.55$3.72$3.72$3.03
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV63.1%35.2%79.5%61.4%79.5%
Expected Move18.8%10.4%22.8%17.6%22.8%
HV 20d85.5%65.3%103.9%75.8%100.7%
HV 60d87.3%79.6%94.5%79.6%90.0%
IV Rank51.3%14.6%72.8%49.0%72.8%
IV Percentile69.2%8.3%97.2%71.8%97.2%
Term Structure2.5%-12.2%36.5%-3.7%-5.7%
VWIV64.6%32.6%84.9%61.4%77.4%
Skew 25d9.9%-17.2%55.5%-1.4%15.7%
Skew 10d22.7%-13.9%90.1%2.1%23.3%
Call IV 25d59.3%32.0%74.1%59.4%63.6%
Put IV 25d69.2%41.6%115.4%58.0%79.3%
Bid-Ask Spread %13.377.8226.8016.3013.69
Gamma HHI0.640.380.920.850.49
Net GEX6.9K54348.9K48.9K1.4K
Net DEX-179.5K-968.4K-24.4K-582.4K-30.1K
Net VEX222251.5K1.5K57
P/C Ratio0.760.007.070.003.00
Total Volume195.045205987940
Total OI13,980.1368,74716,41716,0139,813

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-01$3.72$4.0061.4%17.6%75.8%49.0%61.4%-1.4%-3.7%48.9K-582.4K1.5K0.0016.30N/AN/A7908,6737,340
2013-04-02$3.45$4.0046.8%13.4%81.2%29.9%46.8%11.9%17.2%31.9K-871.1K8330.007.82N/AN/A4208,5217,340
2013-04-03$3.24$4.0062.0%17.8%84.6%49.8%55.5%0.0%-12.2%23.3K-883.7K7800.897.99N/AN/A85768,5497,340
2013-04-04$3.45$4.0049.6%14.2%69.1%33.6%67.0%10.0%14.4%24.0K-968.4K4410.037.91N/AN/A18468,6257,344
2013-04-05$3.60$4.0039.4%16.4%70.4%20.2%0.0%10.1%3.8%2.4K-38.4K1530.0819.45N/AN/A142128,5957,349
2013-04-08$3.38$4.0062.8%18.5%72.2%50.8%0.0%6.1%6.4%1.9K-45.7K1240.2211.71N/AN/A77178,7127,358
2013-04-09$3.60$4.0035.2%16.2%72.7%14.6%58.9%10.8%2.8%2.5K-36.1K1530.0010.40N/AN/A10108,7267,365
2013-04-10$3.51$4.0044.0%16.5%70.8%26.1%57.6%9.6%2.0%2.3K-37.4K1490.6726.80N/AN/A1288,7647,365
2013-04-11$3.45$4.0036.3%10.4%66.5%16.1%32.6%9.6%36.5%2.2K-39.1K1390.059.01N/AN/A4328,7687,365
2013-04-12$3.23$4.0062.9%18.0%65.3%50.9%62.7%-7.6%-2.0%1.6K-49.1K960.0219.51N/AN/A5818,7817,363
2013-04-15$2.76$4.0074.0%21.2%83.2%65.6%62.0%3.1%1.4%690-54.1K482.0115.80N/AN/A1452928,7927,364
2013-04-16$2.88$4.0071.4%20.5%86.0%62.2%68.9%45.5%5.8%771-31.4K460.3714.38N/AN/A163618,9037,325
2013-04-17$2.55$4.0075.2%21.6%93.5%67.2%0.0%19.7%-0.9%554-33.0K350.018.32N/AN/A57488,9217,317
2013-04-18$2.60$4.0077.6%22.2%94.3%70.3%0.0%-9.8%-5.7%624-32.0K407.0719.65N/AN/A584109,1657,251
2013-04-19$2.61$4.0071.4%20.5%93.1%62.1%73.4%27.6%0.3%609-32.5K340.7919.55N/AN/A57459,1567,261
2013-04-22$2.62$4.0069.6%20.0%93.6%59.8%84.9%-14.4%2.0%553-36.4K280.008.24N/AN/A14705,2033,544
2013-04-23$2.60$4.0066.9%19.2%93.6%56.2%0.0%-17.2%1.5%543-35.4K250.009.30N/AN/A50505,2093,544
2013-04-24$2.89$4.0077.2%22.1%103.6%69.7%77.0%4.7%-0.5%966-30.6K480.0412.14N/AN/A573255,7063,544
2013-04-25$2.99$4.0075.1%21.5%103.9%67.0%75.1%13.5%-3.4%1.2K-29.3K580.719.49N/AN/A70506,1993,564
2013-04-26$2.99$4.0072.4%20.8%103.9%63.5%72.3%55.5%-0.6%1.1K-27.7K480.0012.90N/AN/A2106,2183,550
2013-04-29$3.03$4.0077.4%22.2%103.5%70.0%77.4%15.3%-4.2%1.3K-24.4K530.6513.69N/AN/A62406,2213,550
2013-04-30$3.03$4.0079.5%22.8%100.7%72.8%0.0%15.7%-5.7%1.4K-30.1K573.0013.69N/AN/A10306,2323,581