TRX Options History — January 2017

In January 2017, TRX traded between $0.48 and $0.60. ATM implied volatility averaged 161.7%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 50.3%. IV traded above realized volatility by 80.0% (HV 20d: 81.7%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.11.

Notable Days

2017-01-18: Highest Volume — 201 contracts
2017-01-19: Largest IV spike — 209.7% change
2017-01-13: Highest IV Rank — 68.4%
2017-01-05: Largest Expected Move — 88.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.54	$0.48	$0.60	$0.55	$0.49
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	161.7%	57.1%	213.8%	157.3%	147.4%
Expected Move	50.3%	30.8%	88.5%	45.1%	46.1%
HV 20d	81.7%	73.2%	90.1%	83.7%	73.7%
HV 60d	82.1%	78.1%	88.2%	83.5%	78.3%
IV Rank	50.8%	15.6%	68.4%	49.3%	46.0%
IV Percentile	54.6%	3.6%	94.8%	41.8%	36.5%
Term Structure	-15.5%	-160.2%	96.9%	-160.2%	-18.6%
Skew 25d	29.3%	-39.1%	80.4%	38.8%	49.5%
Skew 10d	22.3%	-39.1%	80.4%	-5.0%	49.5%
Call IV 25d	137.3%	108.7%	192.9%	129.8%	108.7%
Put IV 25d	166.6%	153.7%	200.9%	168.6%	158.2%
Bid-Ask Spread %	106.92	20.81	183.21	100.71	137.43
Net GEX	0	0	0	0	0
Net DEX	-683	-2.0K	-480	-2.0K	-490
Net VEX	0	0	0	0	0
P/C Ratio	0.11	0.08	0.15	0.10	0.08
Total Volume	175.45	115	201	179	195
Total OI	2,190.35	1,488	2,581	2,493	1,593

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	DEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2017-01-03	$0.55	$1.00	157.3%	45.1%	83.7%	49.3%	0.0%	0.0%	0.0%	-2.0K	0.10	100.71	N/A	N/A	163	16	2,457	36
2017-01-04	$0.55	$1.00	161.0%	46.2%	76.1%	50.6%	0.0%	0.0%	0.0%	-2.0K	0.10	160.32	N/A	N/A	163	16	2,457	46
2017-01-05	$0.60	$1.00	149.5%	88.5%	80.6%	46.7%	0.0%	38.8%	-160.2%	-600	0.10	37.82	N/A	N/A	157	16	2,457	46
2017-01-06	$0.55	$1.00	172.5%	0.0%	87.5%	54.5%	0.0%	0.0%	0.0%	-550	0.09	132.44	N/A	N/A	173	16	2,499	46
2017-01-09	$0.59	$1.00	178.6%	30.8%	90.1%	56.5%	0.0%	-39.1%	63.0%	-590	0.09	39.33	N/A	N/A	173	16	2,519	46
2017-01-10	$0.57	$1.00	194.8%	0.0%	86.9%	62.0%	0.0%	0.0%	0.0%	-570	0.09	172.27	N/A	N/A	173	16	2,519	46
2017-01-11	$0.57	$1.00	138.2%	39.6%	84.7%	42.9%	0.0%	0.0%	96.9%	-570	0.09	39.84	N/A	N/A	173	16	2,519	46
2017-01-12	$0.56	$1.00	142.9%	41.0%	84.4%	44.5%	0.0%	-2.5%	43.0%	-560	0.09	57.43	N/A	N/A	173	16	2,519	46
2017-01-13	$0.58	$1.00	213.8%	0.0%	77.0%	68.4%	0.0%	0.0%	0.0%	-580	0.09	163.04	N/A	N/A	173	16	2,519	42
2017-01-17	$0.56	$1.00	192.9%	55.3%	77.9%	61.3%	0.0%	0.0%	51.7%	-560	0.09	108.85	N/A	N/A	180	16	2,519	42
2017-01-18	$0.53	$1.00	57.1%	0.0%	81.4%	15.6%	0.0%	0.0%	0.0%	-530	0.12	158.80	N/A	N/A	180	21	2,539	42
2017-01-19	$0.51	$1.00	177.0%	50.7%	82.4%	56.0%	0.0%	31.6%	-53.3%	-510	0.12	95.54	N/A	N/A	180	21	2,539	42
2017-01-20	$0.52	$1.00	175.8%	50.4%	81.6%	55.6%	0.0%	36.8%	-54.3%	-520	0.12	55.51	N/A	N/A	180	21	2,539	39
2017-01-23	$0.54	$1.00	181.3%	52.0%	82.1%	57.4%	0.0%	80.4%	0.0%	-540	0.15	20.81	N/A	N/A	100	15	1,473	15
2017-01-24	$0.53	$1.00	186.6%	53.5%	82.7%	59.2%	0.0%	0.0%	-59.9%	-530	0.15	178.10	N/A	N/A	100	15	1,473	15
2017-01-25	$0.53	$1.00	192.9%	55.3%	81.8%	61.4%	0.0%	38.9%	-63.4%	-530	0.15	70.44	N/A	N/A	100	15	1,478	15
2017-01-26	$0.50	$1.00	139.8%	0.0%	84.5%	43.4%	0.0%	0.0%	0.0%	-500	0.15	113.77	N/A	N/A	100	15	1,478	15
2017-01-27	$0.49	$1.00	160.9%	46.1%	82.0%	50.6%	0.0%	49.5%	-18.6%	-490	0.08	112.66	N/A	N/A	180	15	1,478	15
2017-01-30	$0.48	$1.00	113.4%	0.0%	73.2%	34.6%	0.0%	0.0%	0.0%	-480	0.08	183.21	N/A	N/A	180	15	1,578	15
2017-01-31	$0.49	$1.00	147.4%	0.0%	73.7%	46.0%	0.0%	0.0%	0.0%	-490	0.08	137.43	N/A	N/A	180	15	1,578	15