TLT Options History — January 2008

In January 2008, TLT traded between $93.47 and $96.51. ATM implied volatility averaged 15.5%, placing in the 87.1% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 0.5% (HV 20d: 15.0%). Max pain ranged from $88.00 to $96.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 8.11.

Notable Days

  • 2008-01-03: Highest Volume — 37,729 contracts
  • 2008-01-23: Largest IV spike — 13.5% change
  • 2008-01-22: Highest IV Rank — 100.0%
  • 2008-01-23: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$94.96$93.47$96.51$94.38$94.99
Max Pain$94.00$88.00$96.00$88.00$95.00
ATM IV15.5%13.4%19.1%14.5%17.8%
Expected Move4.4%3.9%5.5%4.2%5.1%
HV 20d15.0%13.1%16.9%16.9%14.7%
HV 60d13.1%12.5%14.2%12.5%14.2%
IV Rank87.1%76.7%100.0%88.0%89.9%
IV Percentile95.2%88.5%100.0%95.6%98.4%
Term Structure-0.5%-1.9%0.1%0.1%-1.2%
VWIV15.5%13.3%18.9%14.7%17.9%
Skew 25d0.5%-0.4%3.0%-0.4%0.2%
Skew 10d1.3%-0.2%5.6%-0.2%1.0%
Call IV 25d15.3%12.3%19.1%15.7%17.4%
Put IV 25d15.7%13.7%19.0%15.4%17.6%
Bid-Ask Spread %21.958.8235.7411.2724.40
Gamma HHI0.120.110.160.130.12
Net GEX-48.7M-88.1M-10.0M-10.0M-81.3M
Net DEX-93.6M-565.1M575.7M-498.4M492.4M
Net VEX-3.0M-4.1M-2.2M-2.3M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.110.7351.904.858.79
Total Volume16,464.7143,29037,7299,66621,695
Total OI348,877.952259,347416,307337,352310,424

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-01-02$94.38$88.0014.5%4.2%16.9%88.0%14.7%-0.4%0.1%-10.0M-498.4M-2.3M4.8511.27N/AN/A1,6528,01499,665237,687
2008-01-03$94.25$88.0015.1%4.3%16.9%94.4%15.3%3.0%-0.6%-11.6M-465.6M-2.5M16.528.82N/AN/A2,15435,575100,875241,801
2008-01-04$94.27$93.0013.4%3.9%16.3%76.7%14.0%0.6%-0.3%-27.3M-438.6M-2.6M3.5021.87N/AN/A2,4248,478101,791269,011
2008-01-07$94.68$94.0014.3%4.0%16.0%85.6%13.8%0.5%-0.3%-25.0M-502.0M-2.4M2.4122.14N/AN/A9642,326102,167268,300
2008-01-08$94.57$94.0013.5%4.0%15.4%77.3%13.3%0.2%-0.5%-22.4M-530.0M-2.3M16.5729.37N/AN/A4437,341102,374267,702
2008-01-09$94.75$94.0013.9%3.9%15.1%81.6%13.7%-0.1%-0.3%-22.3M-526.1M-2.2M51.9023.06N/AN/A66134,303102,486269,149
2008-01-10$93.47$94.0013.6%3.9%14.6%78.6%13.6%0.2%-0.4%-35.4M-299.3M-2.7M22.1526.27N/AN/A96621,399102,735283,437
2008-01-11$94.20$94.0013.7%3.9%14.2%79.4%13.6%0.2%-0.3%-39.3M-371.7M-2.7M1.6524.28N/AN/A1,9203,176102,785295,173
2008-01-14$94.55$94.0013.6%3.9%13.5%78.8%13.6%-0.1%-0.0%-40.8M-415.8M-2.6M2.6522.43N/AN/A1,2273,255102,529301,390
2008-01-15$95.61$94.0013.9%4.0%13.7%82.1%14.0%0.7%-0.5%-34.0M-565.1M-2.3M8.3821.38N/AN/A2,12017,758102,735301,709
2008-01-16$94.92$95.0014.3%4.1%13.9%85.8%14.4%0.6%-0.5%-55.4M-380.0M-2.6M0.7335.74N/AN/A21,76015,92097,836311,998
2008-01-17$96.15$95.0014.9%4.3%14.3%91.8%14.9%0.3%-0.3%-49.3M-340.1M-2.4M5.9522.13N/AN/A2,63715,69378,871324,478
2008-01-18$95.49$95.0015.2%4.3%14.1%94.9%15.4%0.4%-0.1%-71.9M-185.6M-3.1M7.0424.21N/AN/A2,48317,48179,745336,562
2008-01-22$96.51$95.0016.8%4.8%14.4%100.0%17.0%0.8%-0.5%-58.8M260.8M-3.1M4.9921.07N/AN/A2,15910,77224,328235,019
2008-01-23$96.29$95.0019.1%5.5%13.1%100.0%18.5%0.2%-1.9%-65.2M360.2M-3.6M1.2025.92N/AN/A9,06610,87625,724248,587
2008-01-24$94.36$96.0018.8%5.4%15.2%97.9%18.9%-0.1%-1.0%-76.5M547.8M-4.1M3.3113.23N/AN/A5,97719,80932,052255,402
2008-01-25$95.95$96.0018.0%5.2%15.6%92.0%18.2%0.7%-0.3%-64.8M385.3M-3.8M2.2118.28N/AN/A4,60410,16034,924258,602
2008-01-28$95.59$95.0018.1%5.2%15.7%92.4%18.2%0.5%-0.4%-70.9M447.8M-4.1M1.2017.69N/AN/A2,0192,41936,401265,461
2008-01-29$94.94$95.0017.0%4.9%15.2%84.1%16.9%0.8%-0.3%-73.0M481.8M-3.9M3.4021.74N/AN/A1,3274,50637,615268,794
2008-01-30$94.32$95.0016.2%4.7%15.4%78.1%16.5%1.1%-0.5%-88.1M575.7M-4.1M0.9725.55N/AN/A4,1914,04937,534270,579
2008-01-31$94.99$95.0017.8%5.1%14.7%89.9%17.9%0.2%-1.2%-81.3M492.4M-4.1M8.7924.40N/AN/A2,21519,48038,405272,019