TRX Options History — January 2026

In January 2026, TRX traded between $0.87 and $2.15. ATM implied volatility averaged 148.8%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 41.9%. IV traded above realized volatility by 73.5% (HV 20d: 75.3%). Max pain ranged from $0.50 to $1.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.04.

Notable Days

  • 2026-01-26: Highest Volume — 28,757 contracts
  • 2026-01-07: Largest IV spike — 107.7% change
  • 2026-01-08: Highest IV Rank — 49.2%
  • 2026-01-02: Largest Expected Move — 55.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.13$0.87$2.15$0.89$1.58
Max Pain$0.57$0.50$1.00$0.50$1.00
ATM IV148.8%79.9%253.7%192.4%169.3%
Expected Move41.9%22.9%55.2%55.2%48.5%
HV 20d75.3%53.3%176.8%56.2%176.8%
HV 60d79.9%68.3%117.7%93.5%117.7%
IV Rank27.6%13.4%49.2%36.6%31.8%
IV Percentile8.2%1.2%27.9%7.6%10.0%
Term Structure23.2%-79.5%316.9%42.5%29.6%
VWIV134.8%80.2%187.1%143.7%187.1%
Skew 25d-31.4%-214.3%95.9%-68.3%-71.7%
Skew 10d-84.4%-267.7%63.1%-135.9%-88.5%
Call IV 25d186.9%62.7%388.4%236.5%221.5%
Put IV 25d155.4%85.8%203.7%168.1%149.8%
Bid-Ask Spread %99.6529.90140.3589.7933.70
Gamma HHI0.750.331.000.530.33
Net GEX3.9K11717.6K55017.6K
Net DEX331.5K4.2K1.8M34.3K888.4K
Net VEX400141.8K471.8K
P/C Ratio0.040.000.370.000.09
Total Volume4,726.311428,7573379,621
Total OI22,288.8516,40749,50816,58349,508

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$0.89$0.50192.4%55.2%56.2%36.6%0.0%-68.3%42.5%55034.3K470.0089.79N/AN/A337016,251332
2026-01-05$0.87$0.50217.3%39.0%56.1%41.7%143.7%32.1%51.8%1174.2K140.00135.35N/AN/A255016,081331
2026-01-06$0.88$0.50115.2%45.0%53.7%20.7%116.6%-214.3%-3.0%12817.7K220.01132.50N/AN/A238316,076331
2026-01-07$0.91$0.50239.3%44.4%53.4%46.3%125.4%-206.1%5.9%13618.9K210.00121.72N/AN/A114016,295332
2026-01-08$0.91$0.50253.7%44.9%53.4%49.2%126.9%-153.0%37.7%14919.6K220.02140.35N/AN/A186316,387332
2026-01-09$0.91$0.5088.5%45.5%53.3%15.2%128.5%-189.9%22.5%15119.7K230.00125.53N/AN/A1,241016,490335
2026-01-12$0.96$0.5083.0%50.9%55.8%14.0%152.5%-1.0%-29.6%87776.9K1480.00120.61N/AN/A1,008117,675335
2026-01-13$0.94$0.50138.4%39.7%56.3%25.4%122.3%68.9%8.3%1.2K75.4K1570.02128.81N/AN/A6281218,169335
2026-01-14$0.93$0.50166.0%47.6%54.4%31.1%128.3%95.9%-21.5%1.3K78.4K1690.03135.72N/AN/A151518,653347
2026-01-15$1.00$0.5079.9%22.9%59.6%13.4%95.1%28.0%316.9%1.8K93.4K1730.03111.90N/AN/A1,3894118,698349
2026-01-16$0.97$0.50113.4%32.5%58.1%20.3%113.4%92.6%2.0%1.7K92.0K1890.03113.73N/AN/A5061519,386386
2026-01-20$0.99$0.5098.7%28.3%58.2%17.3%112.2%1.3%-79.5%1.8K96.8K1790.08108.70N/AN/A3182417,582369
2026-01-21$0.93$0.50106.1%30.4%61.3%18.8%106.6%7.7%12.7%1.9K75.0K1620.01101.88N/AN/A717717,871383
2026-01-22$0.99$0.50113.7%32.6%62.3%20.4%115.6%23.4%51.9%2.0K103.0K1890.0093.64N/AN/A330018,318389
2026-01-23$1.13$0.50106.7%30.6%77.6%18.9%80.2%73.1%56.4%2.3K149.9K1870.00100.45N/AN/A984418,440389
2026-01-26$1.40$0.50190.5%54.6%105.7%36.2%182.5%11.4%-37.3%1.3K202.0K1750.0450.14N/AN/A27,78297518,529392
2026-01-27$1.50$0.50172.8%49.5%106.1%32.5%180.1%-82.0%-1.8%15.1K1.2M1.7K0.3766.59N/AN/A7,8262,89730,6841,333
2026-01-28$1.85$1.00152.5%43.7%121.0%28.4%163.1%-26.5%-13.0%14.6K1.6M1.5K0.0352.04N/AN/A13,57538933,1864,240
2026-01-29$2.15$1.00179.2%51.4%127.0%33.9%181.7%-50.1%10.9%12.4K1.8M1.1K0.1229.90N/AN/A20,5242,42035,7354,523
2026-01-30$1.58$1.00169.3%48.5%176.8%31.8%187.1%-71.7%29.6%17.6K888.4K1.8K0.0933.70N/AN/A8,82679543,7315,777