TRX Options History — March 2014

In March 2014, TRX traded between $2.12 and $2.77. ATM implied volatility averaged 88.3%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded above realized volatility by 1.6% (HV 20d: 86.6%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2014-03-17: Highest Volume — 276 contracts
  • 2014-03-06: Largest IV spike — 30.6% change
  • 2014-03-07: Highest IV Rank — 75.8%
  • 2014-03-21: Largest Expected Move — 28.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.40$2.12$2.77$2.25$2.38
Max Pain$2.81$2.00$3.00$3.00$3.00
ATM IV88.3%67.7%114.0%94.1%86.1%
Expected Move24.4%19.4%28.0%27.0%24.7%
HV 20d86.6%75.6%96.2%91.4%82.8%
HV 60d87.0%82.2%89.2%87.4%87.3%
IV Rank51.3%31.6%75.8%57.5%49.1%
IV Percentile71.6%27.0%97.6%83.7%69.8%
Term Structure1.0%-27.6%30.1%-6.0%0.3%
VWIV76.0%55.2%91.0%55.2%91.0%
Skew 25d20.1%-7.3%69.7%2.7%37.4%
Skew 10d43.9%-53.0%107.8%3.8%38.7%
Call IV 25d86.9%66.1%112.9%91.2%66.1%
Put IV 25d106.9%86.3%160.1%93.9%103.5%
Bid-Ask Spread %87.9242.72111.75105.8490.82
Gamma HHI0.720.501.001.000.54
Net GEX3.2K07.0K152.5K
Net DEX31.3K-55.2K162.8K-2.6K-13.2K
Net VEX2750742066
P/C Ratio0.780.005.000.000.24
Total Volume70.47602767151
Total OI5,307.5244,9635,6704,9635,670

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$2.25$3.0094.1%27.0%91.4%57.5%0.0%2.7%-6.0%15-2.6K00.00105.84N/AN/A7103,6361,327
2014-03-04$2.29$3.0087.4%25.0%90.7%51.1%0.0%7.5%-27.6%12-2.7K00.15111.73N/AN/A2643,7051,327
2014-03-05$2.50$3.0072.4%20.8%95.0%36.2%55.2%2.2%-10.1%981.3K90.0042.72N/AN/A5803,7311,331
2014-03-06$2.51$3.0094.5%27.1%94.9%57.1%89.8%20.2%-3.7%163-36960.00111.75N/AN/A1403,7891,331
2014-03-07$2.47$2.00114.0%24.5%95.1%75.8%65.1%22.5%6.6%4.6K138.3K7420.0090.36N/AN/A3403,7861,331
2014-03-10$2.37$2.00109.6%24.7%90.5%71.6%0.0%7.6%15.2%5.9K39.8K4390.0990.56N/AN/A5553,7861,331
2014-03-11$2.61$2.00101.6%25.3%96.2%63.9%89.0%23.2%-2.6%5.4K136.4K6910.0679.15N/AN/A8753,7911,336
2014-03-12$2.69$2.0080.0%23.6%94.9%43.3%79.9%37.0%-3.8%6.5K162.8K7170.2381.50N/AN/A104243,8471,336
2014-03-13$2.66$3.0068.9%19.8%91.6%32.7%78.4%11.8%6.5%6.3K119.9K6700.4486.45N/AN/A50223,7721,347
2014-03-14$2.77$3.0088.5%25.4%76.6%51.4%0.0%16.0%-5.1%6.5K161.7K7100.0084.96N/AN/A0263,7821,366
2014-03-17$2.49$3.0078.5%22.5%85.2%41.8%62.4%-7.3%25.2%7.0K47.9K4815.0092.92N/AN/A462303,7821,376
2014-03-18$2.44$3.0076.7%22.0%82.5%40.2%0.0%11.1%30.1%5.4K69.9K5341.5089.29N/AN/A233,8271,598
2014-03-19$2.33$3.0097.6%28.0%81.0%60.1%59.4%69.7%3.1%3-23.3K01.4086.21N/AN/A50703,8291,601
2014-03-20$2.35$3.0087.4%25.1%75.6%50.4%0.0%47.1%-4.4%1-16.0K00.0093.22N/AN/A0303,8581,601
2014-03-21$2.12$3.0097.7%28.0%83.5%60.2%77.2%15.4%10.6%3.6K-30.8K2131.2595.18N/AN/A20253,8581,631
2014-03-24$2.13$3.0089.0%25.5%83.1%51.9%88.9%32.7%-3.0%2.9K-55.2K1300.0077.62N/AN/A21603,7821,640
2014-03-25$2.13$3.0088.3%25.3%81.5%51.2%0.0%1.9%-2.2%3.2K-39.3K1490.0077.39N/AN/A003,9411,640
2014-03-26$2.19$3.0094.2%27.0%80.6%56.8%0.0%13.1%-17.4%0-4.6K02.8079.36N/AN/A5143,9411,640
2014-03-27$2.33$3.0067.7%19.4%83.5%31.6%91.0%30.3%9.5%3.5K-20.5K1320.1380.57N/AN/A118153,9411,644
2014-03-28$2.39$3.0079.3%22.7%83.4%42.7%0.0%19.0%0.5%2.8K-11.1K840.0098.62N/AN/A004,0391,631
2014-03-31$2.38$3.0086.1%24.7%82.8%49.1%0.0%37.4%0.3%2.5K-13.2K660.2490.82N/AN/A41104,0391,631