TRX Options History — July 2020

In July 2020, TRX traded between $0.89 and $1.04. ATM implied volatility averaged 100.6%, placing in the 35.6% IV rank vs the trailing year. The 30-day expected move averaged 28.9%. IV traded above realized volatility by 39.6% (HV 20d: 61.0%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.13.

Notable Days

2020-07-07: Highest Volume — 1,652 contracts
2020-07-06: Largest IV spike — 62.5% change
2020-07-13: Highest IV Rank — 67.4%
2020-07-15: Largest Expected Move — 37.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.96	$0.89	$1.04	$0.90	$0.92
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	100.6%	62.5%	153.2%	116.0%	105.5%
Expected Move	28.9%	17.9%	37.6%	33.3%	30.3%
HV 20d	61.0%	51.3%	70.9%	65.6%	67.8%
HV 60d	71.9%	69.6%	74.7%	71.2%	74.7%
IV Rank	35.6%	12.6%	67.4%	44.9%	38.6%
IV Percentile	37.4%	2.4%	80.2%	52.4%	41.3%
Term Structure	-3.4%	-66.0%	25.8%	-17.2%	-2.0%
VWIV	106.2%	72.9%	157.8%	118.7%	105.7%
Bid-Ask Spread %	87.06	18.65	173.33	173.33	21.23
Gamma HHI	1.00	0.99	1.00	1.00	1.00
Net GEX	1.2K	210	4.9K	3.1K	1.6K
Net DEX	31.3K	11.0K	91.7K	91.7K	31.4K
Net VEX	77	29	161	161	94
P/C Ratio	0.13	0.00	0.94	0.03	0.15
Total Volume	351.227	31	1,652	37	164
Total OI	8,356.318	6,933	9,639	7,669	9,639

Daily Data (22 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
2020-07-01	$0.90	$1.00	116.0%	33.3%	65.6%	44.9%	118.7%	0.0%	-17.2%	3.1K	91.7K	161	0.03	173.33	N/A	N/A	36	1	6,683	986
2020-07-02	$0.94	$1.00	78.5%	22.5%	66.0%	22.2%	81.7%	0.0%	25.8%	4.9K	73.6K	160	0.00	166.67	N/A	N/A	704	0	6,702	986
2020-07-06	$0.97	$1.00	127.5%	33.5%	62.9%	51.9%	157.8%	0.0%	13.3%	210	11.0K	29	0.79	29.56	N/A	N/A	80	63	7,152	986
2020-07-07	$1.04	$1.00	82.7%	31.1%	66.1%	24.7%	108.5%	0.0%	18.6%	232	14.1K	31	0.00	157.08	N/A	N/A	1,651	1	7,146	987
2020-07-08	$1.04	$1.00	87.1%	18.0%	66.1%	27.4%	111.0%	0.0%	14.6%	508	25.9K	59	0.01	160.27	N/A	N/A	600	3	8,143	988
2020-07-09	$1.00	$1.00	106.0%	37.1%	68.8%	38.8%	129.0%	0.0%	17.7%	417	27.8K	63	0.01	127.25	N/A	N/A	149	2	7,789	991
2020-07-10	$0.98	$1.00	109.2%	34.8%	54.4%	40.8%	118.1%	0.0%	-21.7%	474	23.6K	60	0.00	40.51	N/A	N/A	276	1	7,794	993
2020-07-13	$0.99	$1.00	153.2%	36.3%	54.2%	67.4%	129.3%	0.0%	-17.8%	445	27.5K	60	0.05	95.19	N/A	N/A	655	35	7,872	994
2020-07-14	$0.96	$1.00	103.3%	31.4%	53.1%	37.2%	109.5%	0.0%	5.6%	520	24.7K	59	0.00	93.70	N/A	N/A	103	0	7,355	1,026
2020-07-15	$0.95	$1.00	131.0%	37.6%	53.2%	53.9%	130.8%	0.0%	-14.1%	438	22.4K	56	0.29	98.16	N/A	N/A	202	58	7,327	1,026
2020-07-16	$0.94	$1.00	89.1%	25.6%	52.6%	28.6%	89.6%	0.0%	-66.0%	640	19.5K	55	0.00	44.96	N/A	N/A	193	0	7,322	1,026
2020-07-17	$0.95	$1.00	90.1%	25.8%	51.3%	29.2%	89.9%	0.0%	18.7%	812	24.5K	67	0.00	32.64	N/A	N/A	31	0	7,442	1,026
2020-07-20	$0.89	$1.00	97.8%	28.0%	57.2%	33.9%	105.7%	0.0%	6.4%	654	22.1K	61	0.02	60.33	N/A	N/A	290	5	5,948	985
2020-07-21	$0.91	$1.00	96.9%	27.8%	57.5%	33.3%	96.4%	0.0%	-34.5%	797	24.8K	65	0.50	41.51	N/A	N/A	201	101	6,194	990
2020-07-22	$0.94	$1.00	84.3%	24.2%	57.2%	25.7%	92.5%	0.0%	20.1%	1.0K	21.6K	78	0.02	127.48	N/A	N/A	91	2	6,360	1,091
2020-07-23	$0.93	$1.00	100.9%	28.9%	57.1%	35.8%	109.2%	0.0%	14.0%	915	19.7K	75	0.00	133.59	N/A	N/A	587	1	6,433	1,093
2020-07-24	$0.92	$1.00	112.2%	32.2%	57.1%	42.6%	112.2%	0.0%	-38.5%	945	21.4K	79	0.00	18.65	N/A	N/A	181	0	7,026	1,093
2020-07-27	$1.04	$1.00	117.5%	33.7%	69.3%	45.8%	103.6%	0.0%	-36.6%	1.0K	37.6K	82	0.02	34.63	N/A	N/A	743	12	7,160	1,093
2020-07-28	$1.01	$1.00	72.9%	20.9%	70.9%	18.8%	72.9%	0.0%	18.4%	2.1K	41.9K	99	0.00	34.46	N/A	N/A	300	0	8,045	1,105
2020-07-29	$1.00	$1.00	62.5%	17.9%	65.9%	12.6%	73.7%	0.0%	-7.2%	2.1K	43.6K	101	0.02	155.46	N/A	N/A	98	2	8,291	1,105
2020-07-30	$0.96	$1.00	90.1%	25.8%	67.7%	29.2%	89.8%	0.0%	8.3%	1.8K	37.7K	97	0.94	68.64	N/A	N/A	54	51	8,330	1,116
2020-07-31	$0.92	$1.00	105.5%	30.3%	67.8%	38.6%	105.7%	0.0%	-2.0%	1.6K	31.4K	94	0.15	21.23	N/A	N/A	143	21	8,472	1,167