TRX Options History — November 2013

In November 2013, TRX traded between $2.01 and $2.29. ATM implied volatility averaged 80.3%, placing in the 54.7% IV rank vs the trailing year. The 30-day expected move averaged 23.5%. IV traded above realized volatility by 24.7% (HV 20d: 55.6%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.58.

Notable Days

2013-11-05: Highest Volume — 228 contracts
2013-11-11: Largest IV spike — 36.2% change
2013-11-11: Highest IV Rank — 74.0%
2013-11-01: Largest Expected Move — 27.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.13	$2.01	$2.29	$2.29	$2.15
Max Pain	$2.00	$2.00	$2.00	$2.00	$2.00
ATM IV	80.3%	71.5%	99.3%	95.7%	73.6%
Expected Move	23.5%	20.5%	27.4%	27.4%	21.1%
HV 20d	55.6%	45.1%	62.9%	58.0%	51.7%
HV 60d	77.8%	70.2%	85.6%	84.4%	71.6%
IV Rank	54.7%	45.5%	74.0%	70.5%	47.6%
IV Percentile	78.4%	61.1%	96.4%	92.9%	68.3%
Term Structure	-2.4%	-15.1%	12.6%	4.4%	-2.3%
VWIV	76.1%	68.9%	84.5%	84.5%	74.5%
Skew 25d	5.8%	-164.2%	40.8%	17.2%	-164.2%
Skew 10d	20.7%	-164.2%	86.7%	13.0%	-164.2%
Call IV 25d	91.9%	61.8%	165.0%	93.5%	165.0%
Put IV 25d	97.7%	0.8%	145.5%	110.7%	0.8%
Bid-Ask Spread %	108.28	29.22	153.73	119.63	97.15
Gamma HHI	0.89	0.52	1.00	0.52	0.99
Net GEX	218	0	1.4K	1.4K	0
Net DEX	2.7K	-221	8.0K	7.5K	8.0K
Net VEX	12	0	49	49	0
P/C Ratio	0.58	0.00	3.33	0.00	0.09
Total Volume	60.25	0	228	42	72
Total OI	8,377.1	8,080	8,664	8,331	8,402

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
2013-11-01	$2.29	$2.00	95.7%	27.4%	58.0%	70.5%	0.0%	17.2%	4.4%	1.4K	7.5K	49	0.00	119.63	N/A	N/A	42	0	6,214	2,117
2013-11-04	$2.12	$2.00	95.0%	24.7%	62.9%	69.8%	0.0%	25.2%	-2.3%	134	6.4K	15	0.00	109.26	N/A	N/A	50	0	6,236	2,117
2013-11-05	$2.14	$2.00	83.9%	24.2%	62.8%	58.9%	84.5%	27.2%	-1.0%	149	5.9K	15	0.00	121.71	N/A	N/A	227	1	6,286	2,117
2013-11-06	$2.20	$2.00	75.8%	26.2%	61.6%	50.9%	0.0%	28.5%	-11.4%	68	2.3K	6	0.00	100.97	N/A	N/A	0	0	6,409	2,117
2013-11-07	$2.15	$2.00	83.7%	24.7%	61.8%	58.7%	0.0%	27.4%	-2.1%	68	2.1K	6	0.00	101.31	N/A	N/A	0	0	6,409	2,117
2013-11-08	$2.21	$2.00	72.9%	25.4%	62.0%	48.0%	0.0%	40.8%	-15.1%	0	3.8K	0	0.00	109.34	N/A	N/A	23	0	6,409	2,117
2013-11-11	$2.14	$2.00	99.3%	25.5%	62.9%	74.0%	0.0%	27.1%	-0.2%	64	2.2K	6	0.00	107.37	N/A	N/A	50	0	6,432	2,117
2013-11-12	$2.08	$2.00	79.9%	21.8%	59.3%	54.0%	0.0%	23.1%	4.7%	71	1.9K	6	0.52	138.96	N/A	N/A	42	22	6,446	2,117
2013-11-13	$2.15	$2.00	72.5%	27.4%	60.2%	46.5%	0.0%	34.6%	6.1%	78	2.2K	6	0.00	135.78	N/A	N/A	39	0	6,446	2,139
2013-11-14	$2.20	$2.00	86.3%	24.8%	58.4%	60.4%	0.0%	32.0%	4.7%	74	2.4K	6	0.48	124.23	N/A	N/A	124	60	6,437	2,139
2013-11-15	$2.15	$2.00	74.7%	21.4%	57.0%	48.7%	76.0%	24.2%	-10.7%	86	2.1K	5	2.50	61.43	N/A	N/A	12	30	6,535	2,129
2013-11-18	$2.15	$2.00	78.1%	22.4%	56.0%	52.1%	0.0%	21.9%	-13.0%	206	-221	12	0.15	104.91	N/A	N/A	39	6	6,046	2,034
2013-11-19	$2.15	$2.00	78.0%	22.4%	51.0%	52.1%	68.9%	-2.4%	12.6%	183	2	12	0.00	113.36	N/A	N/A	20	0	6,085	2,040
2013-11-20	$2.09	$2.00	78.1%	22.4%	50.3%	52.2%	0.0%	31.1%	-11.7%	281	1.5K	16	1.15	153.73	N/A	N/A	13	15	6,105	2,040
2013-11-21	$2.12	$2.00	83.2%	23.8%	49.9%	57.2%	0.0%	-22.0%	-3.0%	247	2.2K	16	0.16	123.81	N/A	N/A	63	10	6,118	2,053
2013-11-22	$2.05	$2.00	76.6%	22.0%	48.1%	50.6%	76.6%	-22.5%	-2.4%	287	957	16	0.77	98.33	N/A	N/A	13	10	6,171	2,063
2013-11-25	$2.07	$2.00	74.4%	21.3%	47.4%	48.4%	74.5%	-26.5%	-7.8%	358	411	17	0.46	100.15	N/A	N/A	48	22	6,184	2,073
2013-11-26	$2.02	$2.00	71.5%	20.5%	45.6%	45.5%	0.0%	-29.1%	2.1%	314	873	15	3.33	114.98	N/A	N/A	6	20	6,195	2,055
2013-11-27	$2.01	$2.00	73.2%	21.0%	45.1%	47.2%	0.0%	23.1%	1.0%	307	851	15	0.73	29.22	N/A	N/A	73	53	6,201	2,075
2013-11-29	$2.15	$2.00	73.6%	21.1%	51.7%	47.6%	0.0%	-164.2%	-2.3%	0	8.0K	0	0.09	97.15	N/A	N/A	66	6	6,274	2,128