TRX Options History — February 2014

In February 2014, TRX traded between $1.95 and $2.62. ATM implied volatility averaged 87.8%, placing in the 51.8% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded below realized volatility by 12.8% (HV 20d: 100.5%). Max pain ranged from $1.00 to $3.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 2.01.

Notable Days

  • 2014-02-18: Highest Volume — 509 contracts
  • 2014-02-10: Largest IV spike — 50.9% change
  • 2014-02-12: Highest IV Rank — 77.5%
  • 2014-02-05: Largest Expected Move — 31.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.29$1.95$2.62$1.95$2.31
Max Pain$2.53$1.00$3.00$1.00$3.00
ATM IV87.8%63.7%115.5%104.4%84.4%
Expected Move24.5%19.2%31.4%29.9%24.2%
HV 20d100.5%88.6%110.9%91.0%90.6%
HV 60d84.3%76.8%90.6%77.3%88.1%
IV Rank51.8%30.5%77.5%67.8%48.4%
IV Percentile73.5%32.5%98.0%97.2%72.6%
Term Structure-9.5%-44.4%28.4%-20.8%-20.6%
VWIV76.6%55.9%99.2%68.4%55.9%
Skew 25d9.8%-43.1%43.4%21.3%-3.0%
Skew 10d27.3%-21.8%73.3%34.1%-7.5%
Call IV 25d83.8%55.6%153.4%72.3%95.1%
Put IV 25d93.6%68.6%116.2%93.7%92.1%
Bid-Ask Spread %87.9528.17112.1166.59111.93
Gamma HHI0.970.811.000.831.00
Net GEX126045639525
Net DEX2.6K-2.7K13.5K13.5K-2.7K
Net VEX7023231
P/C Ratio2.010.0025.000.0025.00
Total Volume84.263050995
Total OI4,536.0534,1804,9584,1804,958

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$1.95$1.00104.4%29.9%91.0%67.8%0.0%21.3%-20.8%39513.5K230.0066.59N/AN/A902,9951,185
2014-02-04$1.99$1.0095.7%27.4%91.0%59.9%0.0%23.2%-1.0%44512.9K200.0064.66N/AN/A003,0031,185
2014-02-05$1.98$1.00109.7%31.4%90.5%72.7%0.0%35.9%-23.9%40913.4K230.0092.73N/AN/A0703,0031,185
2014-02-06$1.96$1.0095.9%27.5%88.6%60.0%0.0%43.4%-8.6%45612.3K210.0090.01N/AN/A003,0031,255
2014-02-07$2.17$0.0063.7%19.5%94.3%30.5%0.0%-43.1%-0.2%0000.1093.62N/AN/A4143,0031,255
2014-02-10$2.19$0.0096.2%25.1%94.3%60.3%68.4%18.5%-11.3%0000.0028.17N/AN/A2003,0141,255
2014-02-11$2.32$3.0099.3%25.5%93.5%62.3%0.0%34.0%-5.4%431.2K50.00104.50N/AN/A1303,0341,255
2014-02-12$2.18$3.00115.5%25.0%97.2%77.5%0.0%27.7%-15.8%2521620.0099.11N/AN/A12403,0411,255
2014-02-13$2.53$3.0075.8%21.7%108.0%40.3%0.0%27.8%-1.7%541.5K50.0099.31N/AN/A24503,0831,255
2014-02-14$2.62$3.0067.0%19.2%108.1%32.0%99.2%13.8%28.4%522.3K60.1362.73N/AN/A6893,2471,255
2014-02-18$2.46$3.0084.1%24.1%109.0%48.0%0.0%-6.5%-14.8%561.4K60.01104.00N/AN/A50543,2491,259
2014-02-19$2.31$3.0076.5%21.9%110.9%41.0%0.0%0.5%-9.4%20-35610.00104.60N/AN/A4503,6901,259
2014-02-20$2.50$3.0073.2%21.0%110.8%37.9%83.0%16.3%3.5%631.4K60.0075.89N/AN/A0203,6581,219
2014-02-21$2.50$3.0080.1%23.0%110.8%44.3%55.9%18.6%2.0%91-24080.00104.20N/AN/A7503,6581,229
2014-02-24$2.54$3.0082.2%23.6%110.1%46.3%0.0%-0.4%-3.6%121779100.00103.25N/AN/A3003,6111,166
2014-02-25$2.41$3.0079.7%22.8%108.5%43.9%0.0%-12.2%-24.1%51-2.7K10.7743.81N/AN/A13103,6411,166
2014-02-26$2.29$3.0081.9%23.5%108.7%46.0%0.0%-6.4%-8.9%25-2.6K12.10112.11N/AN/A10213,6431,176
2014-02-27$2.25$3.00102.2%29.3%94.2%65.0%0.0%-23.6%-44.4%62-2.2K325.00109.89N/AN/A102503,6401,197
2014-02-28$2.31$3.0084.4%24.2%90.6%48.4%0.0%-3.0%-20.6%25-2.7K10.00111.93N/AN/A053,6361,322