TRX Options History — March 2021

In March 2021, TRX traded between $0.58 and $0.70. ATM implied volatility averaged 168.7%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 49.3%. IV traded above realized volatility by 86.2% (HV 20d: 82.6%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.19.

Notable Days

  • 2021-03-01: Highest Volume — 2,414 contracts
  • 2021-03-09: Largest IV spike — 42.7% change
  • 2021-03-16: Highest IV Rank — 57.1%
  • 2021-03-16: Largest Expected Move — 62.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.65$0.58$0.70$0.70$0.60
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV168.7%123.1%217.9%198.3%177.9%
Expected Move49.3%35.3%62.5%56.8%51.0%
HV 20d82.6%53.6%131.7%131.7%54.8%
HV 60d92.2%90.0%93.8%92.5%90.0%
IV Rank39.7%23.4%57.1%50.2%42.9%
IV Percentile78.3%55.6%94.4%93.3%84.9%
Term Structure1.7%-63.2%101.6%-17.8%-63.2%
VWIV185.9%121.2%246.9%227.4%212.1%
Bid-Ask Spread %40.1320.9256.3236.9337.45
Gamma HHI1.001.001.001.001.00
Net GEX00000
Net DEX-87.1K-205.0K-53.6K-205.0K-77.1K
Net VEX2018212121
P/C Ratio0.190.020.670.040.02
Total Volume1,028.3912922,4142,414315
Total OI50,587.69637,19658,50352,84341,201

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$0.70$1.00198.3%56.8%131.7%50.2%227.4%0.0%-17.8%0-205.0K210.0436.93N/AN/A2,3308446,7006,143
2021-03-02$0.70$1.00142.5%40.8%124.6%30.3%151.7%0.0%60.7%0-203.7K210.0327.99N/AN/A1,6985647,2196,162
2021-03-03$0.67$1.00131.3%37.6%116.5%26.3%141.2%0.0%101.6%0-196.9K210.2431.37N/AN/A1,21129548,0696,190
2021-03-04$0.62$1.00152.8%40.9%119.1%34.0%206.2%0.0%-10.8%0-53.6K180.1235.50N/AN/A1,78721648,5266,221
2021-03-05$0.63$1.00159.9%56.5%118.9%36.5%198.6%0.0%-9.3%0-59.9K190.0739.11N/AN/A1,98014649,0186,352
2021-03-08$0.63$1.00147.4%59.0%118.7%32.1%246.9%0.0%-35.6%0-60.5K190.0244.80N/AN/A1,4113449,8146,412
2021-03-09$0.66$1.00210.4%56.5%119.1%54.5%197.1%0.0%-23.4%0-63.4K190.3539.68N/AN/A80527850,2996,415
2021-03-10$0.65$1.00209.2%60.0%112.9%54.0%209.9%0.0%-19.5%0-65.5K190.1049.78N/AN/A2652750,8266,274
2021-03-11$0.67$1.00211.5%60.6%77.8%54.9%209.7%0.0%-14.8%0-67.2K190.0742.17N/AN/A4603250,9286,270
2021-03-12$0.68$1.00194.8%55.8%68.9%48.9%214.4%0.0%-22.2%0-69.0K190.1156.32N/AN/A3183551,0726,271
2021-03-15$0.69$1.00202.9%58.2%68.1%51.8%211.2%0.0%-24.4%0-69.9K190.1547.41N/AN/A4206551,1886,273
2021-03-16$0.67$1.00217.9%62.5%68.2%57.1%217.5%0.0%-27.7%0-67.2K190.2336.77N/AN/A3708451,3516,259
2021-03-17$0.70$1.00197.1%56.5%69.1%49.8%197.1%0.0%-9.8%0-72.1K190.0537.76N/AN/A1,0705851,3766,261
2021-03-18$0.67$1.00211.6%60.7%67.6%54.9%212.5%0.0%-36.8%0-69.9K190.6149.97N/AN/A85152051,8676,260
2021-03-19$0.68$1.00207.8%59.6%67.7%53.6%207.9%0.0%-41.3%0-81.8K200.4344.83N/AN/A37216052,1366,367
2021-03-22$0.66$1.00132.8%38.1%68.1%26.9%166.2%0.0%54.0%0-79.5K200.0248.14N/AN/A1,9194533,4083,788
2021-03-23$0.64$1.00123.1%35.3%55.2%23.4%139.7%0.0%-12.5%0-79.4K200.1645.35N/AN/A1,04216235,0733,846
2021-03-24$0.60$1.00127.3%36.5%56.1%24.9%134.8%0.0%29.8%0-74.3K210.0249.21N/AN/A7661335,6893,965
2021-03-25$0.59$1.00125.4%35.9%53.6%24.2%0.0%0.0%14.7%0-73.2K210.1026.38N/AN/A2692736,1313,967
2021-03-26$0.60$1.00132.9%38.1%54.3%26.9%140.4%0.0%56.8%0-74.5K210.6740.45N/AN/A47331736,2444,020
2021-03-29$0.59$1.00132.9%38.1%54.3%26.9%127.2%0.0%50.7%0-64.4K210.6720.92N/AN/A29920036,6554,020
2021-03-30$0.58$1.00133.6%38.3%54.3%27.1%121.2%0.0%39.0%0-74.6K210.1734.60N/AN/A3145436,7754,216
2021-03-31$0.60$1.00177.9%51.0%54.8%42.9%212.1%0.0%-63.2%0-77.1K210.0237.45N/AN/A308736,9884,213