TRX Options History — November 2016

In November 2016, TRX traded between $0.48 and $0.71. ATM implied volatility averaged 160.2%, placing in the 53.7% IV rank vs the trailing year. The 30-day expected move averaged 48.3%. IV traded above realized volatility by 74.0% (HV 20d: 86.2%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.01.

Notable Days

2016-11-29: Highest Volume — 1,457 contracts
2016-11-29: Largest IV spike — 155.6% change
2016-11-29: Highest IV Rank — 87.3%
2016-11-04: Largest Expected Move — 67.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.57	$0.48	$0.71	$0.68	$0.48
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	160.2%	93.5%	253.7%	189.0%	237.2%
Expected Move	48.3%	26.9%	67.0%	60.9%	54.8%
HV 20d	86.2%	78.6%	102.6%	87.7%	80.5%
HV 60d	99.2%	83.5%	105.5%	99.1%	83.5%
IV Rank	53.7%	29.7%	87.3%	64.0%	81.4%
IV Percentile	52.9%	12.0%	98.8%	83.9%	98.4%
Term Structure	-19.3%	-85.4%	81.7%	-68.5%	-69.3%
VWIV	233.7%	233.7%	233.7%	233.7%	233.7%
Skew 25d	-25.6%	-117.6%	51.1%	-51.6%	15.8%
Skew 10d	-25.3%	-121.3%	26.0%	-51.6%	15.8%
Call IV 25d	169.8%	121.8%	193.2%	180.7%	121.8%
Put IV 25d	144.2%	74.1%	244.3%	129.1%	137.6%
Bid-Ask Spread %	123.62	74.88	195.93	195.93	121.85
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	0	0	0	0	0
Net DEX	0	0	0	0	0
Net VEX	0	0	0	0	0
P/C Ratio	0.01	0.00	0.02	0.02	0.00
Total Volume	1,346.048	356	1,457	356	1,457
Total OI	2,398.524	1,323	2,649	1,323	2,483

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2016-11-01	$0.68	$1.00	189.0%	0.0%	87.7%	64.0%	0.0%	-51.6%	0.0%	0.02	195.93	N/A	N/A	348	8	1,298	25
2016-11-02	$0.71	$1.00	198.3%	0.0%	86.7%	67.4%	0.0%	-47.7%	0.0%	0.01	181.37	N/A	N/A	1,336	8	1,308	25
2016-11-03	$0.67	$1.00	212.5%	60.9%	86.7%	72.5%	0.0%	0.0%	-68.5%	0.01	103.64	N/A	N/A	1,278	8	2,411	25
2016-11-04	$0.68	$1.00	233.7%	67.0%	86.9%	80.1%	233.7%	-13.7%	-46.6%	0.01	102.38	N/A	N/A	1,329	8	2,411	25
2016-11-07	$0.66	$1.00	140.3%	40.2%	87.4%	46.5%	0.0%	-115.7%	48.1%	0.01	129.89	N/A	N/A	1,366	8	2,504	25
2016-11-08	$0.66	$1.00	93.9%	26.9%	86.8%	29.9%	0.0%	-117.6%	69.9%	0.01	117.08	N/A	N/A	1,366	8	2,544	25
2016-11-09	$0.66	$1.00	113.6%	32.6%	86.0%	36.9%	0.0%	51.1%	81.7%	0.01	104.83	N/A	N/A	1,366	18	2,544	25
2016-11-10	$0.58	$1.00	137.5%	39.4%	96.8%	45.5%	0.0%	0.0%	21.2%	0.01	74.88	N/A	N/A	1,398	16	2,544	32
2016-11-11	$0.52	$1.00	197.2%	56.5%	102.5%	67.0%	0.0%	0.0%	-85.4%	0.01	150.38	N/A	N/A	1,398	16	2,616	33
2016-11-14	$0.52	$1.00	115.1%	0.0%	102.6%	37.5%	0.0%	0.0%	0.0%	0.01	110.92	N/A	N/A	1,398	16	2,616	33
2016-11-15	$0.57	$1.00	187.1%	53.6%	87.5%	63.4%	0.0%	0.0%	-84.7%	0.01	126.61	N/A	N/A	1,398	16	2,616	33
2016-11-16	$0.55	$1.00	135.9%	0.0%	85.5%	45.0%	0.0%	10.4%	0.0%	0.01	94.62	N/A	N/A	1,398	16	2,616	33
2016-11-17	$0.52	$1.00	146.2%	0.0%	82.5%	48.7%	0.0%	0.0%	0.0%	0.01	112.43	N/A	N/A	1,398	16	2,616	33
2016-11-18	$0.52	$1.00	176.9%	50.7%	82.0%	59.7%	0.0%	0.0%	-59.0%	0.01	151.80	N/A	N/A	1,398	16	2,616	23
2016-11-21	$0.53	$1.00	117.5%	0.0%	83.0%	38.3%	0.0%	0.0%	0.0%	0.00	98.22	N/A	N/A	1,388	6	2,346	20
2016-11-22	$0.52	$1.00	191.1%	54.8%	81.4%	64.8%	0.0%	0.0%	-69.3%	0.00	137.21	N/A	N/A	1,388	6	2,347	20
2016-11-23	$0.50	$1.00	94.5%	0.0%	79.7%	30.1%	0.0%	38.3%	0.0%	0.00	134.22	N/A	N/A	1,388	6	2,347	20
2016-11-25	$0.51	$1.00	93.5%	0.0%	79.3%	29.7%	0.0%	0.0%	0.0%	0.00	112.49	N/A	N/A	1,403	6	2,347	20
2016-11-28	$0.50	$1.00	99.3%	0.0%	78.6%	31.8%	0.0%	15.8%	0.0%	0.00	102.80	N/A	N/A	1,403	6	2,362	20
2016-11-29	$0.51	$1.00	253.7%	0.0%	79.6%	87.3%	0.0%	0.0%	0.0%	0.00	132.50	N/A	N/A	1,451	6	2,362	20
2016-11-30	$0.48	$1.00	237.2%	0.0%	80.5%	81.4%	0.0%	0.0%	0.0%	0.00	121.85	N/A	N/A	1,451	6	2,463	20