TRX Options History — September 2025

In September 2025, TRX traded between $0.38 and $0.62. ATM implied volatility averaged 309.6%, placing in the 60.8% IV rank vs the trailing year. The 30-day expected move averaged 83.4%. IV traded above realized volatility by 251.5% (HV 20d: 58.0%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.24.

Notable Days

  • 2025-09-23: Highest Volume — 349 contracts
  • 2025-09-10: Largest IV drop — 31.4% change
  • 2025-09-09: Highest IV Rank — 95.0%
  • 2025-09-02: Largest Expected Move — 110.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.51$0.38$0.62$0.38$0.62
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV309.6%238.0%475.7%385.5%322.5%
Expected Move83.4%68.2%110.5%110.5%92.5%
HV 20d58.0%36.6%72.5%36.6%72.5%
HV 60d47.7%37.4%54.7%37.4%54.5%
IV Rank60.8%46.0%95.0%76.4%63.4%
IV Percentile44.1%9.9%97.2%83.7%54.0%
Term Structure-70.2%-103.1%0.5%-87.5%-60.5%
VWIV357.5%322.5%399.8%385.5%322.5%
Bid-Ask Spread %76.3453.8189.1087.3153.81
Net GEX00000
Net DEX-1.5K-2.9K00-2.9K
Net VEX10101
P/C Ratio0.240.003.400.330.08
Total Volume93.810349479
Total OI1,447.9051,0212,0681,0212,068

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$0.38$2.50385.5%110.5%36.6%76.4%385.5%0.0%0.0%0000.3387.31N/AN/A3196655
2025-09-03$0.40$2.50334.9%96.0%40.2%66.0%0.0%0.0%0.0%0-4000.0084.47N/AN/A23096856
2025-09-04$0.40$2.50345.5%96.9%40.2%68.2%0.0%0.0%-87.5%0-1.0K10.0088.35N/AN/A2097156
2025-09-05$0.40$2.50357.2%98.0%39.4%70.6%0.0%0.0%-89.3%0-1.0K10.0058.16N/AN/A0097355
2025-09-08$0.45$2.50464.0%70.3%55.8%92.6%342.7%0.0%-89.2%0-1.2K10.0185.72N/AN/A169297355
2025-09-09$0.44$2.50475.7%92.4%56.9%95.0%342.8%0.0%-92.6%0-1.2K13.4087.85N/AN/A5171,13257
2025-09-10$0.45$2.50326.4%93.6%57.0%64.2%0.0%0.0%-93.6%0-1.2K10.0086.18N/AN/A301,13462
2025-09-11$0.46$2.50302.2%86.6%55.4%59.2%0.0%0.0%-94.7%0-1.2K10.6786.73N/AN/A15101,13562
2025-09-12$0.50$2.50306.7%87.9%60.6%60.2%0.0%0.0%-92.2%0-1.3K10.0088.02N/AN/A10901,15071
2025-09-15$0.53$2.50296.2%84.9%62.0%58.0%0.0%0.0%-72.4%0-1.4K10.0087.06N/AN/A11601,26971
2025-09-16$0.52$2.50257.3%73.8%63.2%50.0%0.0%0.0%-100.2%0-1.4K10.0587.20N/AN/A2111,37571
2025-09-17$0.52$2.50240.4%68.9%57.1%46.5%0.0%0.0%-103.1%0-1.4K10.0184.33N/AN/A7111,39671
2025-09-18$0.51$2.50243.0%69.7%55.9%47.0%0.0%0.0%0.0%0-1.3K10.0089.10N/AN/A2401,46770
2025-09-19$0.54$2.50272.1%78.0%57.3%53.0%0.0%0.0%0.0%0-1.4K10.0185.73N/AN/A10711,49170
2025-09-22$0.60$2.50250.9%71.9%64.3%48.6%399.8%0.0%-37.1%0-1.6K10.0584.56N/AN/A212101,52360
2025-09-23$0.60$2.50297.1%85.2%64.3%58.2%0.0%0.0%-17.3%0-2.2K10.0656.84N/AN/A328211,73570
2025-09-24$0.59$2.50238.0%68.2%65.5%46.0%0.0%0.0%-43.9%0-2.2K10.0055.04N/AN/A301,86171
2025-09-25$0.56$2.50261.8%75.0%71.1%50.9%0.0%0.0%-50.6%0-2.1K10.0457.32N/AN/A283101,86471
2025-09-26$0.59$2.50248.9%71.4%71.4%48.2%351.6%0.0%0.5%0-2.2K10.1855.08N/AN/A109201,82681
2025-09-29$0.62$2.50274.3%78.6%71.9%53.5%0.0%0.0%-60.5%0-2.9K10.0054.36N/AN/A19401,80391
2025-09-30$0.62$2.50322.5%92.5%72.5%63.4%322.5%0.0%0.0%0-2.9K10.0853.81N/AN/A7361,97791