TRX Options History — March 2026

In March 2026, TRX traded between $1.26 and $1.98. ATM implied volatility averaged 150.0%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 39.7%. IV traded above realized volatility by 56.2% (HV 20d: 93.8%). Max pain ranged from $1.50 to $1.50. Net GEX was positive for 18 of 18 trading days. Term structure was in contango for 6 of 18 days. Put/call ratio averaged 0.46.

Notable Days

2026-03-02: Highest Volume — 5,721 contracts
2026-03-24: Largest IV spike — 68.7% change
2026-03-24: Highest IV Rank — 36.1%
2026-03-18: Largest Expected Move — 50.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.61	$1.26	$1.98	$1.98	$1.26
Max Pain	$1.50	$1.50	$1.50	$1.50	$1.50
ATM IV	150.0%	103.8%	230.5%	135.4%	162.1%
Expected Move	39.7%	29.0%	50.5%	38.8%	46.5%
HV 20d	93.8%	83.9%	112.9%	100.3%	91.9%
HV 60d	126.4%	119.9%	130.1%	119.9%	130.1%
IV Rank	20.7%	8.7%	36.1%	24.8%	19.9%
IV Percentile	14.0%	4.4%	31.9%	9.2%	20.3%
Term Structure	-1.9%	-84.8%	137.2%	-14.3%	-34.8%
VWIV	140.8%	101.4%	161.8%	134.1%	145.8%
Skew 25d	-12.8%	-53.0%	26.1%	17.3%	12.3%
Skew 10d	-1.8%	-80.3%	84.0%	49.5%	39.3%
Call IV 25d	139.0%	85.9%	173.7%	131.5%	100.6%
Put IV 25d	126.1%	77.6%	160.1%	148.8%	112.9%
Bid-Ask Spread %	49.53	25.58	85.13	50.05	36.20
Gamma HHI	0.36	0.28	0.44	0.43	0.32
Net GEX	21.8K	12.8K	28.8K	22.5K	12.8K
Net DEX	744.7K	-801.1K	1.5M	784.8K	-801.1K
Net VEX	2.2K	-5.6K	3.9K	1.5K	-5.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.02	3.39	0.57	0.02
Total Volume	1,351.611	321	5,721	5,721	321
Total OI	48,782.222	38,999	52,548	47,147	39,770

Daily Data (18 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-03-02	$1.98	$1.50	135.4%	38.8%	100.3%	24.8%	134.1%	17.3%	-14.3%	22.5K	784.8K	1.5K	0.57	50.05	N/A	N/A	3,639	2,082	38,492	8,655
2026-03-03	$1.73	$1.50	165.9%	47.6%	112.9%	31.1%	161.8%	-13.6%	-84.8%	18.5K	500.8K	1.4K	0.49	56.84	N/A	N/A	1,267	627	38,520	9,648
2026-03-04	$1.77	$1.50	152.3%	43.7%	111.1%	28.3%	149.7%	26.1%	-4.7%	21.3K	464.8K	1.4K	0.65	58.05	N/A	N/A	669	437	38,739	10,171
2026-03-05	$1.69	$1.50	143.2%	41.7%	109.7%	26.5%	158.7%	-9.0%	-6.0%	22.7K	1.2M	3.9K	0.35	85.13	N/A	N/A	1,443	505	39,069	10,500
2026-03-06	$1.67	$1.50	146.5%	42.8%	102.3%	27.1%	154.7%	2.5%	13.4%	21.9K	1.2M	3.9K	0.23	67.97	N/A	N/A	1,007	228	38,731	10,477
2026-03-09	$1.81	$1.50	103.8%	46.0%	99.4%	18.3%	156.3%	-30.9%	-17.1%	24.0K	1.4M	3.9K	0.82	65.07	N/A	N/A	888	725	38,765	10,616
2026-03-10	$1.90	$1.50	132.5%	33.0%	86.6%	12.8%	147.9%	-53.0%	-10.2%	28.8K	1.5M	3.9K	0.15	66.51	N/A	N/A	2,003	301	39,289	11,323
2026-03-11	$1.83	$1.50	126.6%	36.3%	86.2%	11.4%	128.8%	-6.1%	-7.6%	28.5K	1.3M	3.8K	0.27	67.96	N/A	N/A	1,206	325	40,014	11,493
2026-03-12	$1.73	$1.50	142.1%	34.3%	87.7%	15.1%	140.9%	-15.8%	-23.0%	26.3K	1.2M	3.6K	0.08	31.85	N/A	N/A	682	53	40,567	11,574
2026-03-13	$1.60	$1.50	142.6%	40.5%	89.0%	15.2%	146.9%	-36.8%	-11.0%	23.9K	984.5K	3.2K	0.20	29.64	N/A	N/A	554	113	40,494	11,621
2026-03-16	$1.60	$1.50	115.3%	31.5%	85.5%	8.7%	137.4%	-27.6%	27.3%	27.8K	928.0K	2.8K	0.09	49.67	N/A	N/A	722	67	40,323	11,721
2026-03-17	$1.58	$1.50	132.0%	38.1%	83.9%	12.7%	132.5%	-20.4%	-9.3%	24.9K	834.1K	2.9K	0.17	37.97	N/A	N/A	357	61	40,472	11,774
2026-03-18	$1.48	$1.50	158.2%	50.5%	84.7%	18.9%	137.3%	-26.7%	-25.6%	21.0K	858.9K	2.8K	0.22	51.04	N/A	N/A	384	85	40,719	11,829
2026-03-19	$1.38	$1.50	148.5%	41.5%	86.7%	16.6%	148.1%	-44.3%	137.2%	18.8K	489.2K	2.2K	3.39	43.56	N/A	N/A	318	1,077	40,399	11,881
2026-03-20	$1.27	$1.50	136.6%	39.6%	89.2%	13.8%	133.7%	1.9%	10.0%	14.9K	231.5K	1.6K	0.21	25.58	N/A	N/A	761	163	40,398	11,497
2026-03-24	$1.33	$1.50	230.5%	29.0%	90.3%	36.1%	101.4%	-14.7%	25.5%	15.4K	48.0K	1.1K	0.25	41.06	N/A	N/A	669	164	32,091	6,908
2026-03-25	$1.35	$1.50	225.4%	34.0%	90.2%	34.9%	117.7%	7.8%	1.3%	18.9K	224.9K	1.4K	0.07	27.36	N/A	N/A	399	27	32,480	7,060
2026-03-26	$1.26	$1.50	162.1%	46.5%	91.9%	19.9%	145.8%	12.3%	-34.8%	12.8K	-801.1K	-5.6K	0.02	36.20	N/A	N/A	315	6	32,698	7,072