TRX Options History — August 2014

In August 2014, TRX traded between $2.24 and $2.45. ATM implied volatility averaged 88.8%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 23.6% (HV 20d: 65.2%). 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 2 of 21 days. Put/call ratio averaged 0.05.

Notable Days

2014-08-05: Highest Volume — 730 contracts
2014-08-21: Largest IV spike — 56.9% change
2014-08-08: Highest IV Rank — 91.7%
2014-08-01: Largest Expected Move — 26.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.37	$2.24	$2.45	$2.44	$2.37
Max Pain	$2.50	$2.00	$3.00	$2.00	$2.00
ATM IV	88.8%	46.0%	162.3%	90.9%	80.7%
Expected Move	16.5%	10.9%	26.1%	26.1%	13.8%
HV 20d	65.2%	45.1%	82.5%	75.4%	45.1%
HV 60d	70.5%	68.2%	72.2%	68.6%	68.3%
IV Rank	41.2%	11.7%	91.7%	42.7%	35.6%
IV Percentile	47.6%	1.2%	99.2%	66.3%	43.7%
Term Structure	-23.2%	-50.4%	6.7%	-16.7%	-42.2%
VWIV	53.0%	37.9%	85.4%	85.4%	38.4%
Skew 25d	10.1%	-13.8%	34.0%	25.6%	34.0%
Skew 10d	26.8%	-9.8%	57.8%	17.4%	34.5%
Call IV 25d	68.8%	46.9%	97.2%	97.2%	62.5%
Put IV 25d	78.9%	54.1%	122.8%	122.8%	96.5%
Bid-Ask Spread %	74.51	18.57	136.24	130.78	69.61
Gamma HHI	0.99	0.88	1.00	1.00	0.94
Net GEX	809	0	4.6K	64	1.5K
Net DEX	29.8K	-230	132.1K	7.7K	94.5K
Net VEX	57	0	338	2	338
P/C Ratio	0.05	0.00	0.39	0.08	0.01
Total Volume	292.095	0	730	652	152
Total OI	8,569.571	5,965	10,660	5,965	10,660

Daily Data (21 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
2014-08-01	$2.44	$2.00	90.9%	26.1%	75.4%	42.7%	0.0%	25.6%	-16.7%	64	7.7K	2	0.08	130.78	N/A	N/A	603	49	4,995	970
2014-08-04	$2.24	$3.00	117.3%	20.3%	81.8%	60.8%	0.0%	-5.5%	-21.0%	10	-120	1	0.00	125.77	N/A	N/A	0	0	5,453	970
2014-08-05	$2.37	$3.00	105.0%	16.0%	82.5%	52.4%	0.0%	8.3%	-9.3%	11	357	2	0.00	71.65	N/A	N/A	730	0	5,453	970
2014-08-06	$2.45	$3.00	121.4%	16.4%	81.8%	63.6%	0.0%	12.6%	1.3%	13	364	2	0.00	65.52	N/A	N/A	540	0	6,037	970
2014-08-07	$2.45	$3.00	127.9%	16.6%	78.4%	68.1%	0.0%	-12.1%	-18.2%	11	425	2	0.04	113.51	N/A	N/A	480	20	6,381	970
2014-08-08	$2.41	$3.00	162.3%	18.8%	75.3%	91.7%	0.0%	12.3%	-37.5%	13	309	2	0.00	64.39	N/A	N/A	10	0	6,861	990
2014-08-11	$2.45	$3.00	129.2%	18.9%	71.9%	69.0%	0.0%	-13.8%	-21.0%	11	415	2	0.07	135.51	N/A	N/A	150	10	6,861	990
2014-08-12	$2.37	$3.00	158.2%	14.6%	72.6%	88.9%	0.0%	7.1%	-9.3%	2	-230	0	0.00	18.57	N/A	N/A	60	0	6,846	990
2014-08-13	$2.41	$3.00	79.5%	22.8%	70.9%	34.8%	0.0%	13.6%	-50.4%	13	303	2	0.00	136.24	N/A	N/A	75	0	6,906	990
2014-08-14	$2.42	$3.00	49.2%	14.1%	66.5%	14.0%	0.0%	9.7%	6.7%	14	284	2	0.00	20.06	N/A	N/A	450	0	6,956	990
2014-08-15	$2.43	$3.00	49.1%	14.1%	64.4%	13.9%	0.0%	-1.6%	-10.0%	13	342	2	0.00	54.93	N/A	N/A	477	0	7,406	990
2014-08-18	$2.40	$0.00	53.5%	16.6%	63.8%	16.9%	85.4%	11.8%	-21.9%	0	0	0	0.29	87.71	N/A	N/A	440	127	7,762	990
2014-08-19	$2.39	$2.00	60.6%	16.6%	58.5%	21.8%	0.0%	2.3%	-34.0%	1	-72	1	0.00	61.97	N/A	N/A	75	0	8,122	1,004
2014-08-20	$2.36	$2.00	46.0%	17.6%	58.8%	11.7%	51.3%	-7.0%	-21.9%	2	-79	1	0.39	44.41	N/A	N/A	310	121	8,115	1,004
2014-08-21	$2.31	$2.00	72.1%	13.7%	58.3%	29.7%	37.9%	11.6%	-23.1%	597	25.1K	91	0.00	60.93	N/A	N/A	520	0	8,400	1,055
2014-08-22	$2.28	$2.00	69.3%	15.1%	54.1%	27.8%	52.0%	-0.2%	-34.1%	2.1K	43.8K	83	0.00	48.41	N/A	N/A	412	0	8,915	1,055
2014-08-25	$2.29	$2.00	66.5%	10.9%	54.0%	25.9%	0.0%	33.3%	-24.3%	3.5K	132.1K	0	0.00	57.31	N/A	N/A	75	0	9,326	1,055
2014-08-26	$2.29	$2.00	80.2%	15.5%	52.8%	35.3%	0.0%	18.4%	-35.1%	2.3K	94.1K	332	0.02	37.89	N/A	N/A	45	1	9,380	1,055
2014-08-27	$2.28	$2.00	69.8%	12.2%	52.3%	28.2%	0.0%	24.4%	-26.3%	4.6K	129.0K	1	0.01	82.18	N/A	N/A	200	2	9,403	1,055
2014-08-28	$2.31	$2.00	76.1%	16.1%	49.9%	32.5%	0.0%	26.5%	-39.5%	2.3K	96.3K	328	0.00	77.44	N/A	N/A	0	0	9,603	1,057
2014-08-29	$2.37	$2.00	80.7%	13.8%	45.1%	35.6%	38.4%	34.0%	-42.2%	1.5K	94.5K	338	0.01	69.61	N/A	N/A	151	1	9,603	1,057