TRX Options History — December 2025

In December 2025, TRX traded between $0.73 and $1.00. ATM implied volatility averaged 188.8%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 59.7%. IV traded above realized volatility by 129.0% (HV 20d: 59.7%). Max pain ranged from $0.50 to $0.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.05.

Notable Days

  • 2025-12-22: Highest Volume — 442 contracts
  • 2025-12-24: Largest IV spike — 222.8% change
  • 2025-12-26: Highest IV Rank — 60.0%
  • 2025-12-26: Largest Expected Move — 87.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.87$0.73$1.00$0.74$0.92
Max Pain$0.50$0.50$0.50$0.50$0.50
ATM IV188.8%78.4%305.9%303.2%85.0%
Expected Move59.7%22.5%87.7%86.9%24.4%
HV 20d59.7%41.5%95.1%95.1%54.0%
HV 60d93.8%91.6%98.3%98.3%93.2%
IV Rank35.8%13.1%60.0%59.4%14.4%
IV Percentile13.4%0.4%54.6%49.4%1.2%
Term Structure42.8%-175.9%296.2%101.6%27.6%
VWIV139.8%76.9%435.3%271.8%85.5%
Skew 25d195.3%6.8%379.9%205.8%47.7%
Skew 10d201.6%34.0%374.0%247.7%76.9%
Call IV 25d109.6%91.6%134.1%93.3%121.8%
Put IV 25d304.9%102.8%481.6%299.1%169.5%
Bid-Ask Spread %104.1761.41129.85123.3488.47
Gamma HHI0.780.431.001.001.00
Net GEX40409830983
Net DEX21.8K7348.6K7416.4K
Net VEX420118014
P/C Ratio0.050.000.390.000.23
Total Volume177.4551644210564
Total OI15,424.514,13716,57214,13716,572

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$0.74$0.50303.2%86.9%95.1%59.4%0.0%205.8%101.6%07400.00123.34N/AN/A105013,870267
2025-12-02$0.73$0.50201.4%57.7%91.5%38.4%271.8%62.7%-175.9%014600.0796.63N/AN/A15113,943266
2025-12-03$0.73$0.50249.6%0.0%83.9%48.4%0.0%170.2%146.4%07300.02111.93N/AN/A246513,956267
2025-12-04$0.76$0.50124.1%56.6%74.5%22.5%0.0%181.7%23.6%30616.4K800.03119.08N/AN/A80214,194269
2025-12-05$0.80$0.5089.7%64.2%69.7%15.4%127.1%212.4%-4.2%652.8K110.00122.89N/AN/A209014,272271
2025-12-08$0.83$0.50105.8%65.5%69.8%18.7%139.2%231.4%8.4%1356.1K200.00105.22N/AN/A325114,440271
2025-12-09$0.84$0.5092.7%66.0%68.7%16.0%118.4%238.2%-17.2%1908.3K250.03122.42N/AN/A222714,716272
2025-12-10$0.85$0.50231.8%66.5%68.5%44.7%116.2%245.2%36.7%27411.5K340.39120.56N/AN/A381514,934279
2025-12-11$0.87$0.50232.3%66.6%56.2%44.8%129.3%256.2%34.2%31314.7K350.01129.85N/AN/A213314,993279
2025-12-12$0.86$0.50236.9%67.9%53.1%45.8%134.2%255.8%128.5%31316.6K360.00103.72N/AN/A218015,168282
2025-12-15$0.90$0.50242.0%69.4%51.8%46.8%104.7%283.4%-16.2%36824.5K360.00115.70N/AN/A165015,349281
2025-12-16$0.89$0.50247.3%70.9%49.8%47.9%91.3%283.8%20.9%43026.5K420.00102.02N/AN/A22015,523286
2025-12-17$0.85$0.50231.6%66.4%53.5%44.7%77.9%258.1%51.5%55241.8K1140.00108.67N/AN/A55015,597286
2025-12-18$0.86$0.50235.0%67.4%50.5%45.4%76.9%266.0%0.0%58243.5K1170.06111.11N/AN/A63415,650286
2025-12-19$0.90$0.50224.2%64.3%43.0%43.2%435.3%272.7%296.2%63648.6K1180.03107.99N/AN/A3271015,689290
2025-12-22$0.95$0.5078.4%22.5%44.2%13.1%95.6%10.0%155.6%58931.7K400.0083.84N/AN/A440215,549298
2025-12-23$0.96$0.5078.9%22.6%41.5%13.2%93.6%14.2%47.8%63932.9K410.0078.52N/AN/A234115,485300
2025-12-24$0.94$0.50254.6%73.0%42.7%49.4%154.3%305.2%-5.6%60032.1K420.02107.33N/AN/A58115,676301
2025-12-26$1.00$0.50305.9%87.7%45.6%60.0%165.3%379.9%18.6%59939.3K470.0278.78N/AN/A377615,730302
2025-12-29$0.94$0.50205.7%59.0%53.5%39.3%118.5%109.1%2.6%65033.1K400.0492.34N/AN/A178715,949313
2025-12-30$0.94$0.5096.5%27.7%53.4%16.8%120.7%6.8%18.0%66233.3K400.0661.41N/AN/A1751016,098320
2025-12-31$0.92$0.5085.0%24.4%54.0%14.4%85.5%47.7%27.6%98316.4K140.2388.47N/AN/A521216,242330