TRX Options History — December 2014

In December 2014, TRX traded between $0.53 and $1.08. ATM implied volatility averaged 135.9%, placing in the 71.2% IV rank vs the trailing year. The 30-day expected move averaged 40.1%. IV traded below realized volatility by 31.4% (HV 20d: 167.3%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.26.

Notable Days

  • 2014-12-03: Highest Volume — 1,453 contracts
  • 2014-12-24: Largest IV spike — 181.6% change
  • 2014-12-02: Highest IV Rank — 100.0%
  • 2014-12-24: Largest Expected Move — 89.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.73$0.53$1.08$1.08$0.65
Max Pain$1.65$1.00$2.00$1.00$1.00
ATM IV135.9%57.3%189.9%109.1%171.8%
Expected Move40.1%16.4%89.8%27.4%28.4%
HV 20d167.3%149.2%193.7%163.0%180.5%
HV 60d135.5%118.7%155.5%118.7%154.9%
IV Rank71.2%29.2%100.0%57.4%90.4%
IV Percentile77.9%9.1%100.0%83.3%95.2%
Term Structure-16.2%-129.9%155.7%-36.6%-72.6%
VWIV121.9%57.3%160.9%97.6%159.3%
Skew 25d10.7%-60.9%104.1%7.7%104.1%
Skew 10d-0.4%-66.4%82.8%20.0%58.4%
Call IV 25d108.8%62.6%152.7%107.7%81.9%
Put IV 25d119.5%59.5%195.7%115.4%186.1%
Bid-Ask Spread %102.6543.07197.3943.0784.51
Gamma HHI0.870.761.000.791.00
Net GEX83601.8K1.8K0
Net DEX38.9K-34.9K151.2K35.2K0
Net VEX39308424820
P/C Ratio1.260.002.030.680.00
Total Volume1,016.40901,4538191,036
Total OI13,31712,50213,66512,50213,640

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$1.08$1.00109.1%27.4%163.0%57.4%97.6%7.7%-36.6%1.8K35.2K4820.6843.07N/AN/A48733211,565937
2014-12-02$0.87$1.00189.9%25.3%175.0%100.0%98.7%-30.8%-129.9%1.2K20.3K3271.0648.17N/AN/A70274211,565937
2014-12-03$0.91$2.00175.9%28.0%170.6%92.5%109.6%9.0%-72.1%1.6K23.4K5591.1974.48N/AN/A66279111,7541,315
2014-12-04$0.88$2.00106.5%32.7%163.5%55.5%0.0%-31.2%0.0%1.5K49.3K6980.0048.04N/AN/A0011,8841,315
2014-12-05$0.84$2.00165.7%26.9%163.5%87.1%98.5%-36.5%-11.2%1.5K45.1K6341.3546.22N/AN/A58779111,8841,315
2014-12-08$0.79$2.00189.4%34.3%156.1%99.7%105.1%-59.8%-14.7%1.3K64.8K7201.2659.11N/AN/A58874211,9091,315
2014-12-09$0.85$2.00138.2%41.3%151.1%72.4%160.9%-60.9%-39.3%1.5K106.7K8281.1581.28N/AN/A64374211,9251,295
2014-12-10$0.79$2.0076.2%56.6%149.2%39.3%130.3%5.7%47.7%1000151.2K8421.53112.49N/AN/A48474212,0361,257
2014-12-11$0.79$2.0080.8%41.8%149.3%41.7%154.8%-22.1%64.1%1.3K99.6K8161.73108.67N/AN/A42974212,0551,257
2014-12-12$0.73$2.0057.4%46.5%150.3%29.3%118.2%6.2%-1.4%1.1K93.1K7071.73103.96N/AN/A42974212,0161,251
2014-12-15$0.73$2.00139.7%33.8%150.2%73.2%130.2%70.9%-57.4%1.5K11.9K3731.5269.00N/AN/A51578212,0161,251
2014-12-16$0.60$2.00139.5%42.9%153.9%73.1%151.1%96.5%0.0%1.2K44.3K4851.5879.62N/AN/A49578212,1531,233
2014-12-17$0.64$2.00122.3%55.5%149.6%63.9%142.8%0.0%-4.6%73284.3K5721.79128.63N/AN/A43678212,2731,205
2014-12-18$0.81$2.00158.4%32.6%165.9%83.2%113.8%0.0%-55.7%299-34.9K292.03107.70N/AN/A38578212,3121,205
2014-12-19$0.63$2.0078.1%39.3%181.9%40.3%0.0%42.6%0.0%89860.6K5741.10144.47N/AN/A9110012,3321,205
2014-12-22$0.55$0.00177.7%0.0%176.2%93.5%0.0%86.0%0.0%0001.53182.33N/AN/A35654612,4131,033
2014-12-23$0.53$0.0057.3%16.4%176.2%29.2%57.3%0.0%0.0%0001.47118.39N/AN/A37154612,4231,034
2014-12-24$0.61$1.00161.2%89.8%187.8%84.7%0.0%0.0%155.7%0001.06115.05N/AN/A51654612,4931,034
2014-12-26$0.60$1.00145.3%45.7%187.6%76.2%159.3%0.0%-9.0%0001.34121.60N/AN/A40754612,5931,034
2014-12-29$0.56$1.00176.9%50.6%185.6%93.1%0.0%0.0%-19.8%0001.34184.18N/AN/A40754612,6311,034
2014-12-30$0.64$1.00172.3%46.8%193.7%90.6%0.0%-16.7%-18.3%0000.00197.39N/AN/A11012,6311,009
2014-12-31$0.65$1.00171.8%28.4%180.5%90.4%0.0%104.1%-72.6%0000.0084.51N/AN/A1,036012,6311,009