TRX Options History — May 2014

In May 2014, TRX traded between $1.72 and $2.22. ATM implied volatility averaged 98.7%, placing in the 52.2% IV rank vs the trailing year. The 30-day expected move averaged 22.0%. IV traded above realized volatility by 53.7% (HV 20d: 45.0%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 8.86.

Notable Days

  • 2014-05-28: Highest Volume — 1,043 contracts
  • 2014-05-15: Largest IV drop — 58.5% change
  • 2014-05-12: Highest IV Rank — 100.0%
  • 2014-05-01: Largest Expected Move — 30.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.04$1.72$2.22$2.12$1.82
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV98.7%61.2%174.3%104.8%85.3%
Expected Move22.0%17.5%30.1%30.1%24.5%
HV 20d45.0%33.5%54.0%51.7%43.0%
HV 60d65.9%58.7%77.1%76.7%58.7%
IV Rank52.2%19.0%100.0%67.0%36.3%
IV Percentile65.6%9.9%100.0%95.2%59.1%
Term Structure-11.3%-47.5%19.5%-47.5%-15.7%
VWIV60.5%51.5%69.6%69.6%51.5%
Skew 25d25.5%6.4%44.4%18.9%41.8%
Skew 10d52.3%-0.4%65.4%54.8%56.4%
Call IV 25d86.0%66.9%113.8%69.4%110.1%
Put IV 25d111.5%86.7%155.6%88.3%151.9%
Bid-Ask Spread %115.1288.87144.6691.51139.50
Gamma HHI0.980.781.000.781.00
Net GEX31017615351
Net DEX-703-2.5K0-2.5K-2.1K
Net VEX20773
P/C Ratio8.860.0041.000.000.00
Total Volume79.1901,04300
Total OI3,329.4293,1594,4633,2044,463

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$2.12$2.00104.8%30.1%51.7%67.0%0.0%18.9%-47.5%153-2.5K70.0091.51N/AN/A002,0081,196
2014-05-02$2.20$2.0085.4%24.5%54.0%48.5%0.0%6.4%-11.6%176-1.6K50.00104.34N/AN/A002,0081,196
2014-05-05$2.21$0.00103.6%19.2%53.0%65.9%0.0%19.8%7.6%0000.00112.08N/AN/A302,0081,196
2014-05-06$2.22$0.00107.6%18.0%52.1%69.6%0.0%36.8%8.3%0000.71108.13N/AN/A17122,0111,196
2014-05-07$2.16$0.00107.2%21.0%52.2%69.2%0.0%27.5%-1.8%0000.00107.57N/AN/A0202,0191,207
2014-05-08$2.11$0.00115.7%22.7%50.9%77.4%0.0%19.5%-19.6%0000.00108.23N/AN/A002,0191,217
2014-05-09$2.12$0.00111.7%20.8%50.9%73.5%0.0%21.6%-7.0%0000.00110.16N/AN/A2502,0191,217
2014-05-12$2.14$0.00153.2%22.2%47.9%100.0%0.0%26.2%-8.1%00038.00116.50N/AN/A1382,0181,217
2014-05-13$2.10$0.00174.3%20.9%48.1%100.0%0.0%23.1%-15.2%0000.00119.82N/AN/A0102,0191,187
2014-05-14$2.10$0.00166.7%21.7%45.8%94.6%0.0%23.9%-15.4%0000.00124.38N/AN/A302,0191,197
2014-05-15$2.10$0.0069.2%19.8%44.0%24.8%0.0%25.8%-1.8%0000.00114.28N/AN/A0122,0191,197
2014-05-16$2.06$0.0087.4%25.1%42.9%37.8%0.0%27.3%-22.3%0000.00108.61N/AN/A0102,0191,208
2014-05-19$2.07$0.0065.5%18.8%42.8%22.1%69.6%23.0%-9.7%0000.00144.66N/AN/A0401,9861,173
2014-05-20$2.07$2.0082.9%23.8%37.3%34.6%0.0%29.5%-18.5%36-85320.00102.72N/AN/A001,9861,183
2014-05-21$2.03$2.0079.2%22.7%37.7%31.9%0.0%27.5%-2.2%35-73220.00114.36N/AN/A001,9861,183
2014-05-22$1.97$2.0073.3%21.0%37.4%27.7%0.0%28.1%3.8%38-80720.00144.49N/AN/A0241,9861,183
2014-05-23$1.88$2.0061.2%17.5%33.5%19.0%0.0%25.3%19.5%41-816241.00114.74N/AN/A1411,9861,177
2014-05-27$1.75$2.0065.5%18.8%39.6%22.2%51.5%10.0%-19.3%26-1.2K20.0488.87N/AN/A279101,9861,176
2014-05-28$1.72$2.0080.6%23.1%37.0%32.9%0.0%29.8%-31.9%43-2.2K30.01128.97N/AN/A1,033102,2601,186
2014-05-29$1.81$2.0092.0%26.4%43.3%41.1%0.0%44.4%-29.2%46-2.0K40.00113.56N/AN/A7403,2251,176
2014-05-30$1.82$2.0085.3%24.5%43.0%36.3%0.0%41.8%-15.7%51-2.1K30.00139.50N/AN/A003,2871,176