TRX Options History — February 2026

In February 2026, TRX traded between $1.44 and $1.88. ATM implied volatility averaged 154.7%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 44.9%. IV traded below realized volatility by 29.1% (HV 20d: 183.8%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.46.

Notable Days

  • 2026-02-02: Highest Volume — 5,518 contracts
  • 2026-02-04: Largest IV spike — 21.5% change
  • 2026-02-11: Highest IV Rank — 33.3%
  • 2026-02-09: Largest Expected Move — 56.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.72$1.44$1.88$1.61$1.83
Max Pain$1.45$1.00$1.50$1.00$1.50
ATM IV154.7%131.3%176.5%150.7%139.1%
Expected Move44.9%37.7%56.8%43.2%39.9%
HV 20d183.8%148.3%196.4%175.4%148.3%
HV 60d118.6%113.9%120.7%115.6%119.4%
IV Rank28.8%24.0%33.3%28.0%25.6%
IV Percentile10.6%8.0%13.9%9.2%9.6%
Term Structure10.2%-31.0%60.9%39.9%15.3%
VWIV157.3%130.6%193.7%166.5%130.6%
Skew 25d-9.5%-46.7%65.3%-46.7%-19.2%
Skew 10d-16.7%-76.4%76.4%-68.1%-22.3%
Call IV 25d162.1%131.0%196.6%184.4%144.3%
Put IV 25d152.6%124.7%197.6%137.7%125.1%
Bid-Ask Spread %61.3430.5591.2830.6764.06
Gamma HHI0.360.270.430.340.40
Net GEX13.6K5.0K24.3K20.6K19.8K
Net DEX598.5K306.1K1.1M923.8K576.4K
Net VEX1.5K1.2K1.7K1.7K1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.012.640.362.64
Total Volume2,230.4213775,5185,5182,367
Total OI53,921.26341,15759,86851,31845,422

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$1.61$1.00150.7%43.2%175.4%28.0%166.5%-46.7%39.9%20.6K923.8K1.7K0.3630.67N/AN/A4,0641,45445,1326,186
2026-02-03$1.71$1.00141.0%40.4%174.6%26.0%152.3%-23.1%49.2%24.3K1.1M1.6K0.0152.37N/AN/A3,8985847,1977,383
2026-02-04$1.60$1.50171.4%49.1%178.1%32.3%183.3%-41.5%-22.2%21.8K877.8K1.6K0.0230.55N/AN/A2,2954447,6787,385
2026-02-05$1.44$1.50169.0%52.8%184.4%31.8%193.7%12.8%17.1%5.0K315.1K1.3K0.1365.70N/AN/A1,87723648,0997,399
2026-02-06$1.60$1.50162.3%43.2%186.5%30.4%168.3%-17.7%-31.0%7.0K306.1K1.2K0.1391.28N/AN/A2,70635448,1657,505
2026-02-09$1.85$1.50171.9%56.8%190.6%32.4%185.8%65.3%-24.2%7.8K568.9K1.5K0.0568.79N/AN/A3,77117649,2457,793
2026-02-10$1.77$1.50151.6%45.4%192.5%28.2%160.8%-14.9%46.9%9.6K558.3K1.6K0.2867.82N/AN/A1,70447550,4597,876
2026-02-11$1.71$1.50176.5%50.6%193.1%33.3%136.3%18.8%60.9%9.4K607.1K1.6K1.2273.25N/AN/A47257650,8818,193
2026-02-12$1.60$1.50161.6%46.3%195.6%30.2%162.8%-6.7%0.1%9.0K453.7K1.5K0.1267.02N/AN/A2,47729450,9768,213
2026-02-13$1.71$1.50156.8%44.9%195.5%29.2%156.8%-25.7%-18.8%9.8K513.7K1.5K0.2865.48N/AN/A81022551,0218,229
2026-02-17$1.63$1.50170.8%49.0%196.2%32.1%164.8%7.8%-15.9%9.8K487.6K1.4K0.1858.15N/AN/A1,06519251,1558,264
2026-02-18$1.71$1.50145.4%41.7%196.4%26.9%152.8%-26.6%12.1%11.8K482.9K1.4K0.0370.53N/AN/A1,0353051,3318,290
2026-02-19$1.75$1.50151.5%43.4%193.5%28.2%158.5%-15.0%22.2%12.1K519.4K1.4K0.0469.78N/AN/A1,3225751,5068,308
2026-02-20$1.79$1.50149.8%43.0%193.2%27.8%159.8%-1.3%-6.6%12.2K571.4K1.5K0.4255.66N/AN/A1,28954251,6588,210
2026-02-23$1.85$1.50153.4%44.0%189.4%28.5%151.1%0.7%10.2%14.0K608.4K1.4K1.3142.16N/AN/A1,5792,06636,7834,374
2026-02-24$1.88$1.50131.3%37.7%175.6%24.0%131.4%-9.7%29.5%17.8K702.3K1.5K0.9166.45N/AN/A84877037,7266,195
2026-02-25$1.81$1.50141.8%40.6%175.3%26.2%137.8%-21.6%9.6%17.9K640.1K1.6K0.2963.84N/AN/A67619738,1906,825
2026-02-26$1.83$1.50143.1%41.0%158.6%26.4%134.5%-16.2%-1.2%19.4K598.2K1.6K0.3261.85N/AN/A2859238,2746,978
2026-02-27$1.83$1.50139.1%39.9%148.3%25.6%130.6%-19.2%15.3%19.8K576.4K1.5K2.6464.06N/AN/A6511,71638,3777,045