TRX Options History — October 2016

In October 2016, TRX traded between $0.66 and $0.81. ATM implied volatility averaged 157.2%, placing in the 52.6% IV rank vs the trailing year. The 30-day expected move averaged 45.0%. IV traded above realized volatility by 65.4% (HV 20d: 91.8%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.18.

Notable Days

2016-10-28: Highest Volume — 444 contracts
2016-10-20: Largest IV spike — 518.1% change
2016-10-20: Highest IV Rank — 90.2%
2016-10-20: Largest Expected Move — 75.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.71	$0.66	$0.81	$0.81	$0.67
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	157.2%	42.3%	261.6%	113.2%	172.7%
Expected Move	45.0%	12.1%	75.0%	32.5%	64.3%
HV 20d	91.8%	71.2%	107.2%	71.2%	107.2%
HV 60d	101.1%	97.2%	104.2%	98.2%	99.0%
IV Rank	52.6%	11.3%	90.2%	36.8%	58.2%
IV Percentile	49.4%	2.0%	98.8%	14.1%	57.4%
Term Structure	-14.3%	-129.3%	173.8%	-74.3%	-34.9%
VWIV	144.9%	42.3%	261.6%	113.2%	67.8%
Skew 25d	14.5%	-118.8%	91.9%	61.4%	39.2%
Skew 10d	-0.1%	-80.2%	95.1%	-80.2%	0.6%
Call IV 25d	145.2%	92.3%	270.9%	132.0%	93.3%
Put IV 25d	159.7%	117.1%	224.8%	193.4%	132.4%
Bid-Ask Spread %	131.15	48.74	178.38	79.54	118.53
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	31	0	398	2	0
Net DEX	-376	-7.8K	4.8K	-7.8K	0
Net VEX	1	0	9	0	0
P/C Ratio	0.18	0.02	0.35	0.29	0.02
Total Volume	292.524	187	444	205	346
Total OI	1,639.429	1,075	2,009	1,755	1,318

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
2016-10-03	$0.81	$1.00	113.2%	32.5%	71.2%	36.8%	113.2%	0.0%	-74.3%	2	-7.8K	0	0.29	79.54	N/A	N/A	159	46	1,636	119
2016-10-04	$0.68	$1.00	160.2%	45.9%	81.9%	53.7%	0.0%	61.4%	37.4%	0	-5.8K	0	0.28	48.74	N/A	N/A	169	48	1,636	108
2016-10-05	$0.72	$1.00	194.0%	55.6%	84.9%	65.8%	0.0%	0.0%	-129.3%	0	-6.2K	0	0.28	129.01	N/A	N/A	169	48	1,648	111
2016-10-06	$0.68	$1.00	191.4%	54.9%	85.4%	64.9%	183.6%	91.9%	-4.2%	23	4.0K	9	0.27	124.69	N/A	N/A	177	48	1,648	111
2016-10-07	$0.68	$1.00	176.5%	56.5%	81.8%	59.6%	196.9%	-3.8%	-54.9%	0	0	0	0.27	64.48	N/A	N/A	177	48	1,628	111
2016-10-10	$0.69	$1.00	182.2%	35.9%	77.5%	61.6%	0.0%	51.5%	0.0%	0	0	0	0.27	111.86	N/A	N/A	177	48	1,628	111
2016-10-11	$0.67	$1.00	212.9%	0.0%	77.5%	72.6%	0.0%	-46.1%	0.0%	0	0	0	0.18	135.56	N/A	N/A	269	48	1,628	111
2016-10-12	$0.69	$1.00	150.2%	0.0%	79.2%	50.1%	0.0%	0.0%	0.0%	0	0	0	0.18	140.18	N/A	N/A	269	48	1,720	111
2016-10-13	$0.70	$1.00	185.1%	0.0%	79.8%	62.6%	0.0%	-118.8%	0.0%	0	0	0	0.18	139.15	N/A	N/A	269	48	1,720	111
2016-10-14	$0.67	$1.00	179.3%	0.0%	80.3%	60.6%	0.0%	0.0%	0.0%	0	0	0	0.18	167.46	N/A	N/A	269	48	1,720	111
2016-10-17	$0.66	$1.00	130.9%	0.0%	80.0%	43.2%	0.0%	-22.5%	0.0%	0	0	0	0.18	135.25	N/A	N/A	269	48	1,720	111
2016-10-18	$0.78	$1.00	148.8%	42.6%	103.0%	49.6%	148.7%	0.0%	-24.0%	2	5	0	0.35	160.74	N/A	N/A	139	48	1,720	111
2016-10-19	$0.81	$1.00	42.3%	12.1%	100.9%	11.3%	42.3%	45.8%	64.1%	211	798	4	0.30	133.16	N/A	N/A	160	48	1,752	111
2016-10-20	$0.74	$1.00	261.6%	75.0%	104.4%	90.2%	261.6%	0.0%	-97.0%	25	4.8K	8	0.15	124.57	N/A	N/A	252	39	1,794	111
2016-10-21	$0.75	$1.00	67.8%	19.4%	104.4%	20.5%	67.8%	0.0%	173.8%	398	2.3K	9	0.18	125.30	N/A	N/A	266	49	1,897	112
2016-10-24	$0.74	$1.00	224.2%	64.3%	104.3%	76.7%	0.0%	0.0%	0.0%	0	0	0	0.02	151.50	N/A	N/A	355	8	1,050	25
2016-10-25	$0.76	$1.00	156.4%	0.0%	104.1%	52.3%	0.0%	0.0%	-34.9%	0	0	0	0.02	175.17	N/A	N/A	355	8	1,192	25
2016-10-26	$0.71	$1.00	110.1%	0.0%	105.8%	35.7%	0.0%	0.0%	0.0%	0	0	0	0.02	156.63	N/A	N/A	355	8	1,192	25
2016-10-27	$0.67	$1.00	121.0%	0.0%	107.2%	39.6%	0.0%	0.0%	0.0%	0	0	0	0.02	154.34	N/A	N/A	356	8	1,192	25
2016-10-28	$0.68	$1.00	120.6%	0.0%	107.2%	39.5%	0.0%	46.1%	0.0%	0	0	0	0.02	178.38	N/A	N/A	436	8	1,193	25
2016-10-31	$0.67	$1.00	172.7%	0.0%	107.2%	58.2%	0.0%	39.2%	0.0%	0	0	0	0.02	118.53	N/A	N/A	338	8	1,293	25