TRX Options History — October 2013

In October 2013, TRX traded between $2.06 and $2.50. ATM implied volatility averaged 85.7%, placing in the 63.0% IV rank vs the trailing year. The 30-day expected move averaged 24.1%. IV traded above realized volatility by 12.7% (HV 20d: 73.0%). Max pain ranged from $2.00 to $4.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 3.11.

Notable Days

2013-10-22: Highest Volume — 970 contracts
2013-10-08: Largest IV spike — 60.9% change
2013-10-08: Highest IV Rank — 100.0%
2013-10-02: Largest Expected Move — 30.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.32	$2.06	$2.50	$2.47	$2.37
Max Pain	$2.35	$2.00	$4.00	$4.00	$2.00
ATM IV	85.7%	56.4%	125.7%	101.3%	86.4%
Expected Move	24.1%	16.2%	30.7%	29.0%	24.8%
HV 20d	73.0%	51.0%	98.3%	98.2%	56.6%
HV 60d	90.3%	87.0%	95.2%	95.2%	88.7%
IV Rank	63.0%	31.8%	100.0%	87.9%	61.3%
IV Percentile	80.6%	44.0%	100.0%	99.2%	87.7%
Term Structure	1.9%	-28.3%	28.9%	-28.3%	-8.7%
VWIV	100.5%	69.2%	160.0%	69.2%	92.6%
Skew 25d	23.2%	-31.5%	98.6%	98.6%	34.6%
Skew 10d	29.5%	-28.7%	117.2%	117.2%	26.6%
Call IV 25d	73.3%	40.3%	140.1%	64.1%	81.2%
Put IV 25d	96.5%	57.1%	162.6%	162.6%	115.8%
Bid-Ask Spread %	22.80	7.82	128.45	13.33	106.47
Gamma HHI	0.72	0.51	1.00	1.00	0.57
Net GEX	1.6K	0	9.9K	2	1.5K
Net DEX	-158.6K	-1.4M	42.6K	-1.4M	11.4K
Net VEX	87	0	481	0	51
P/C Ratio	3.11	0.00	56.06	1.93	0.00
Total Volume	235	29	970	255	210
Total OI	16,001.348	7,983	21,642	21,219	8,182

Daily Data (23 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
2013-10-01	$2.47	$4.00	101.3%	29.0%	98.2%	87.9%	69.2%	98.6%	-28.3%	2	-1.4M	0	1.93	13.33	N/A	N/A	87	168	13,187	8,032
2013-10-02	$2.38	$4.00	107.2%	30.7%	98.3%	94.7%	0.0%	59.8%	5.0%	9.9K	-1.2M	481	0.03	12.33	N/A	N/A	107	3	13,197	7,918
2013-10-03	$2.35	$4.00	80.9%	23.2%	97.9%	64.7%	160.0%	19.8%	13.3%	6.1K	-1.3M	198	2.39	11.48	N/A	N/A	18	43	13,244	7,918
2013-10-04	$2.35	$3.00	102.8%	27.4%	91.9%	89.7%	0.0%	21.5%	-1.6%	1.0K	13.8K	110	0.11	11.41	N/A	N/A	610	70	13,262	7,917
2013-10-07	$2.41	$3.00	78.1%	26.8%	91.6%	61.5%	84.6%	20.7%	1.6%	1.1K	14.2K	106	0.34	13.19	N/A	N/A	148	51	13,515	7,967
2013-10-08	$2.35	$2.00	125.7%	29.4%	91.5%	100.0%	107.3%	37.7%	-9.3%	1.3K	28.8K	121	3.20	39.36	N/A	N/A	25	80	13,605	7,991
2013-10-09	$2.24	$2.00	122.3%	27.8%	91.9%	96.6%	0.0%	20.2%	-8.4%	88	8.1K	0	1.95	8.83	N/A	N/A	41	80	13,630	7,981
2013-10-10	$2.27	$2.00	98.3%	28.2%	89.6%	73.0%	0.0%	51.1%	-2.1%	1.3K	21.1K	120	0.00	10.56	N/A	N/A	46	0	13,620	7,996
2013-10-11	$2.21	$2.00	96.3%	27.6%	88.6%	71.0%	0.0%	40.4%	-14.5%	1.2K	13.0K	95	1.29	10.04	N/A	N/A	419	540	13,646	7,996
2013-10-14	$2.23	$2.00	95.8%	27.5%	89.1%	70.6%	97.3%	45.8%	-19.6%	1.2K	16.3K	105	0.53	20.42	N/A	N/A	19	10	13,788	6,898
2013-10-15	$2.09	$2.00	93.0%	26.7%	65.5%	67.8%	93.0%	29.8%	-21.8%	964	6.5K	74	0.75	14.73	N/A	N/A	80	60	13,796	6,898
2013-10-16	$2.06	$2.00	84.5%	24.2%	62.2%	59.5%	0.0%	26.4%	7.7%	887	2.9K	62	0.26	10.23	N/A	N/A	153	40	13,808	6,902
2013-10-17	$2.16	$2.00	92.8%	26.6%	65.1%	67.6%	0.0%	-31.5%	-12.0%	199	5.6K	0	0.09	10.61	N/A	N/A	375	35	13,670	6,291
2013-10-18	$2.25	$2.00	91.6%	26.3%	51.0%	66.5%	0.0%	-14.9%	-10.2%	121	4.7K	0	0.34	13.63	N/A	N/A	103	35	13,989	6,304
2013-10-21	$2.31	$2.00	70.7%	20.3%	53.1%	45.9%	0.0%	-17.6%	24.4%	0	4.9K	0	1.06	19.95	N/A	N/A	66	70	5,796	2,311
2013-10-22	$2.45	$2.00	57.8%	16.6%	58.7%	33.2%	92.6%	22.2%	28.9%	1.9K	32.8K	118	56.06	8.76	N/A	N/A	17	953	5,833	2,371
2013-10-23	$2.36	$2.00	58.9%	16.9%	59.2%	34.3%	0.0%	6.8%	24.6%	1.3K	13.6K	47	0.00	16.18	N/A	N/A	132	0	5,841	2,142
2013-10-24	$2.41	$2.00	56.4%	16.2%	53.8%	31.8%	0.0%	20.1%	28.2%	1.3K	15.8K	43	0.05	10.46	N/A	N/A	182	10	5,918	2,142
2013-10-25	$2.50	$2.00	56.6%	16.2%	55.8%	32.0%	0.0%	21.1%	15.3%	1.7K	42.6K	134	0.00	12.28	N/A	N/A	82	0	5,940	2,142
2013-10-28	$2.41	$2.00	62.1%	17.8%	55.9%	37.4%	0.0%	19.4%	21.1%	1.3K	9.9K	38	0.64	7.82	N/A	N/A	28	18	5,984	2,142
2013-10-29	$2.30	$2.00	64.9%	18.6%	57.6%	40.1%	0.0%	-1.4%	9.2%	1.0K	4.5K	30	0.24	13.89	N/A	N/A	114	27	6,012	2,127
2013-10-30	$2.33	$2.00	87.1%	25.0%	56.5%	62.0%	0.0%	2.5%	1.0%	1.4K	9.2K	56	0.25	128.45	N/A	N/A	40	10	6,055	2,127
2013-10-31	$2.37	$2.00	86.4%	24.8%	56.6%	61.3%	0.0%	34.6%	-8.7%	1.5K	11.4K	51	0.00	106.47	N/A	N/A	210	0	6,065	2,117