TRX Options History — July 2014

In July 2014, TRX traded between $2.12 and $2.47. ATM implied volatility averaged 72.8%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 19.0%. IV traded below realized volatility by 7.1% (HV 20d: 79.9%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.28.

Notable Days

  • 2014-07-23: Highest Volume — 995 contracts
  • 2014-07-18: Largest IV spike — 61.0% change
  • 2014-07-07: Highest IV Rank — 61.6%
  • 2014-07-28: Largest Expected Move — 28.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.28$2.12$2.47$2.16$2.29
Max Pain$2.14$2.00$3.00$3.00$2.00
ATM IV72.8%41.2%118.5%65.8%77.5%
Expected Move19.0%11.8%28.2%18.8%22.2%
HV 20d79.9%72.0%85.7%79.4%74.1%
HV 60d64.4%60.5%67.6%60.8%67.6%
IV Rank30.2%8.5%61.6%25.4%33.4%
IV Percentile34.3%0.8%96.4%16.7%36.5%
Term Structure-3.2%-30.9%42.3%-12.4%-27.4%
VWIV46.3%28.1%67.6%28.1%67.6%
Skew 25d3.4%-63.7%40.7%-19.3%-17.2%
Skew 10d13.5%-73.8%79.3%24.9%-29.3%
Call IV 25d76.4%41.8%154.2%80.4%100.3%
Put IV 25d79.8%37.0%147.6%61.0%83.2%
Bid-Ask Spread %99.4517.62160.3929.0680.55
Gamma HHI1.000.981.001.001.00
Net GEX566283.6K3.6K120
Net DEX-378-57.6K16.1K-50.1K6.8K
Net VEX182102943
P/C Ratio0.280.003.003.000.51
Total Volume172.2271099510295
Total OI5,267.1363,6725,8445,3435,790

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$2.16$3.0065.8%18.8%79.4%25.4%0.0%-19.3%-12.4%3.6K-50.1K940.0029.06N/AN/A0103,7081,635
2014-07-02$2.13$3.0076.3%21.9%79.7%32.6%0.0%23.8%-3.3%3.5K-57.6K1023.0099.39N/AN/A10303,7081,645
2014-07-03$2.24$3.0080.3%23.0%81.0%35.4%0.0%-6.7%-3.9%2.9K-40.5K720.0093.39N/AN/A1103,7181,670
2014-07-07$2.25$2.00118.5%16.5%80.6%61.6%0.0%37.9%42.3%22411.9K180.00104.34N/AN/A13703,7161,670
2014-07-08$2.36$2.0096.2%14.3%81.6%46.3%28.1%30.8%7.4%21315.7K80.00109.97N/AN/A8003,8461,670
2014-07-09$2.47$2.0096.2%17.5%81.7%46.3%43.2%8.9%-8.8%11016.1K230.0097.13N/AN/A12603,8791,670
2014-07-10$2.32$2.0069.6%20.0%85.2%28.0%67.6%24.7%-3.6%281.5K20.00112.96N/AN/A23203,8311,670
2014-07-11$2.47$2.0062.6%17.9%82.7%23.2%0.0%-12.6%3.4%386.1K80.00101.23N/AN/A12503,9731,670
2014-07-14$2.32$2.0041.2%11.8%85.7%8.5%0.0%1.0%3.7%927.2K30.0820.27N/AN/A8574,0881,670
2014-07-15$2.27$2.0055.3%15.8%79.2%18.2%0.0%0.7%39.5%1346.4K50.00134.05N/AN/A3004,1731,671
2014-07-16$2.18$2.0052.1%14.9%80.2%16.0%0.0%-13.9%10.1%1625.4K60.6717.62N/AN/A15104,1441,671
2014-07-17$2.34$2.0047.6%13.6%83.4%12.9%0.0%13.8%14.7%857.3K20.5126.03N/AN/A37194,0841,656
2014-07-18$2.24$2.0076.6%22.0%82.6%32.8%0.0%-5.8%-25.5%1325.7K61.1198.56N/AN/A54604,1141,670
2014-07-21$2.31$2.0059.6%17.1%81.1%21.2%0.0%-12.2%1.9%1136.9K30.00136.97N/AN/A35002,704968
2014-07-22$2.16$2.0067.8%19.4%84.1%26.7%0.0%8.6%-7.3%1635.2K60.00158.37N/AN/A4503,054968
2014-07-23$2.18$2.0068.3%19.6%78.8%27.1%0.0%1.9%-8.3%1625.4K60.00116.83N/AN/A99503,099968
2014-07-24$2.12$2.0053.3%15.3%75.9%16.8%0.0%-63.7%-18.2%2075.0K60.00156.88N/AN/A8503,939968
2014-07-25$2.26$2.0067.3%19.3%77.7%26.4%0.0%-1.0%0.5%1396.4K40.00127.90N/AN/A5504,024968
2014-07-28$2.29$2.0098.4%28.2%77.2%47.8%0.0%32.5%-14.6%1246.3K40.01160.39N/AN/A8214,069968
2014-07-29$2.36$2.0082.9%23.8%74.1%37.2%0.0%1.8%-30.9%947.2K30.00148.60N/AN/A69004,124969
2014-07-30$2.40$2.0089.4%25.6%72.0%41.6%0.0%40.7%-28.5%827.4K20.0157.42N/AN/A11214,708969
2014-07-31$2.29$2.0077.5%22.2%74.1%33.4%0.0%-17.2%-27.4%1206.8K30.5180.55N/AN/A1951004,820970