TRX Options History — May 2013

In May 2013, TRX traded between $2.38 and $3.35. ATM implied volatility averaged 67.3%, placing in the 56.8% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded below realized volatility by 22.7% (HV 20d: 90.1%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.08.

Notable Days

  • 2013-05-02: Highest Volume — 1,843 contracts
  • 2013-05-15: Largest IV spike — 42.3% change
  • 2013-05-15: Highest IV Rank — 82.5%
  • 2013-05-01: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.80$2.38$3.35$3.00$3.24
Max Pain$3.14$3.00$4.00$4.00$3.00
ATM IV67.3%51.2%86.9%76.8%75.4%
Expected Move19.5%15.3%22.0%22.0%21.6%
HV 20d90.1%70.5%102.6%98.5%101.9%
HV 60d90.7%88.3%94.1%89.7%89.2%
IV Rank56.8%35.7%82.5%69.2%67.4%
IV Percentile77.9%48.8%99.2%94.0%91.7%
Term Structure0.4%-7.9%34.9%-4.8%1.4%
VWIV69.7%62.9%76.9%76.9%69.1%
Skew 25d9.6%-8.6%62.4%62.4%52.2%
Skew 10d19.3%-4.0%99.8%99.8%93.0%
Call IV 25d58.4%41.6%70.0%67.4%45.8%
Put IV 25d68.0%46.0%129.9%129.9%97.9%
Bid-Ask Spread %21.2210.7533.7110.7526.54
Gamma HHI0.950.571.000.571.00
Net GEX4.2K1.1K7.0K1.3K7.0K
Net DEX83.5K-36.8K275.5K-34.1K241.8K
Net VEX2493738445305
P/C Ratio0.080.000.910.000.04
Total Volume265.72701,84311236
Total OI12,212.7279,85313,2319,85313,231

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$3.00$4.0076.8%22.0%98.5%69.2%76.9%62.4%-4.8%1.3K-34.1K450.0010.75N/AN/A1106,2423,611
2013-05-02$2.87$4.0073.5%21.1%96.2%65.0%73.5%5.6%-0.4%1.1K-36.8K370.0115.64N/AN/A1,833106,2523,611
2013-05-03$2.98$4.0072.2%20.7%95.8%63.3%0.0%12.8%-1.3%1.4K-34.9K420.0010.93N/AN/A5008,0713,621
2013-05-06$2.83$3.0076.8%21.0%95.1%69.3%73.2%9.5%-5.1%2.7K81.5K2500.0316.66N/AN/A6228,1003,621
2013-05-07$2.64$3.0051.2%19.6%93.4%35.7%68.0%-7.8%-7.8%2.5K55.4K2120.0320.41N/AN/A610208,1153,621
2013-05-08$2.82$3.0058.9%19.2%97.7%45.7%67.2%4.7%-4.2%3.0K72.4K2460.1724.71N/AN/A3058,6173,621
2013-05-09$2.66$3.0063.5%18.6%99.1%51.7%65.2%-3.0%-3.0%2.8K56.5K2180.1217.03N/AN/A517608,6293,621
2013-05-10$2.81$3.0063.4%19.0%99.8%51.6%0.0%6.3%-2.3%4.9K114.4K3840.0516.69N/AN/A10558,9993,681
2013-05-13$2.80$3.0060.9%19.7%82.5%48.3%0.0%6.5%-3.3%4.9K114.2K3610.0014.31N/AN/A16209,0183,681
2013-05-14$2.77$3.0061.0%18.2%81.1%48.6%62.9%2.6%-0.0%5.1K95.4K3430.0019.32N/AN/A4308,9913,681
2013-05-15$2.63$3.0086.9%19.7%70.5%82.5%0.0%-8.6%-5.0%4.2K73.3K3000.0027.78N/AN/A4309,0173,681
2013-05-16$2.58$3.0063.1%18.1%70.6%51.3%0.0%-8.4%-2.6%4.2K61.7K2700.0016.64N/AN/A008,9973,605
2013-05-17$2.38$3.0062.4%17.9%76.0%50.3%0.0%1.5%13.1%2.6K23.0K1570.9123.49N/AN/A66608,9973,605
2013-05-20$2.74$3.0069.0%19.8%92.0%58.9%0.0%1.6%1.3%5.1K94.9K3120.0223.59N/AN/A16138,8413,409
2013-05-21$2.68$3.0069.3%19.9%92.3%59.5%69.3%-3.2%-3.5%4.7K78.7K2840.0427.65N/AN/A9748,8973,409
2013-05-22$2.61$3.0063.4%18.2%84.1%51.7%64.6%-3.2%2.2%4.7K65.3K2560.0016.89N/AN/A17308,9303,413
2013-05-23$2.76$3.0066.4%19.0%85.8%55.6%66.6%6.2%6.9%5.7K101.9K3090.0019.24N/AN/A3909,0833,413
2013-05-24$2.72$3.0067.2%19.3%85.8%56.6%0.0%1.7%-0.0%5.4K86.0K2820.0032.78N/AN/A009,1023,413
2013-05-28$2.69$3.0053.4%15.3%85.6%38.5%0.0%28.3%34.9%5.4K80.5K2660.0020.23N/AN/A009,1023,413
2013-05-29$3.00$3.0073.3%21.0%94.8%64.6%76.7%20.0%0.3%6.6K169.6K3170.1433.71N/AN/A1,1531609,1023,413
2013-05-30$3.35$3.0073.0%20.9%102.6%64.3%73.0%24.5%-7.9%6.5K275.5K2840.0031.83N/AN/A12609,7903,413
2013-05-31$3.24$3.0075.4%21.6%101.9%67.4%69.1%52.2%1.4%7.0K241.8K3050.0426.54N/AN/A226109,8183,413