TLT Options History — June 2008

In June 2008, TLT traded between $88.87 and $92.34. ATM implied volatility averaged 13.4%, placing in the 50.0% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 2.7% (HV 20d: 10.7%). Max pain ranged from $91.00 to $93.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 4.44.

Notable Days

  • 2008-06-16: Highest Volume — 64,940 contracts
  • 2008-06-09: Largest IV spike — 10.3% change
  • 2008-06-09: Highest IV Rank — 74.9%
  • 2008-06-09: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.22$88.87$92.34$90.30$92.34
Max Pain$91.90$91.00$93.00$93.00$91.00
ATM IV13.4%10.7%16.4%13.7%11.0%
Expected Move3.9%3.1%4.6%3.9%3.2%
HV 20d10.7%10.0%11.4%10.2%10.5%
HV 60d11.6%10.2%13.1%13.0%10.4%
IV Rank50.0%26.7%74.9%55.5%29.6%
IV Percentile58.2%28.6%86.1%65.1%30.2%
Term Structure1.0%0.0%2.2%0.4%1.7%
VWIV13.5%10.9%15.8%13.5%11.1%
Skew 25d1.0%0.3%1.8%0.8%0.5%
Skew 10d2.1%0.4%3.7%3.7%0.4%
Call IV 25d13.1%10.2%15.8%13.6%10.5%
Put IV 25d14.1%10.9%16.8%14.4%11.0%
Bid-Ask Spread %19.5113.3929.8525.6915.16
Gamma HHI0.190.130.360.150.13
Net GEX-137.0M-288.2M-57.8M-127.3M-59.7M
Net DEX1.10B487.5M1.67B1.09B487.5M
Net VEX-5.0M-5.6M-4.5M-5.0M-4.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.440.5343.331.265.76
Total Volume13,913.9053,06364,9408,1565,761
Total OI371,615.857298,830465,479361,263313,796

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-06-02$90.30$93.0013.7%3.9%10.2%55.5%13.5%0.8%0.4%-127.3M1.09B-5.0M1.2625.69N/AN/A3,6094,54770,103291,160
2008-06-03$90.95$93.0013.3%3.8%10.6%52.3%13.6%0.8%0.6%-128.0M964.3M-5.0M1.6123.72N/AN/A3,2225,18370,867289,575
2008-06-04$90.14$93.0013.8%4.0%10.7%56.1%13.8%0.7%0.2%-128.2M1.12B-4.9M3.6323.73N/AN/A1,3905,04772,707290,188
2008-06-05$89.60$93.0013.8%4.0%10.8%54.0%13.6%0.3%0.2%-127.0M1.22B-4.8M2.8129.85N/AN/A2,2836,40573,141289,968
2008-06-06$90.76$92.0014.9%4.5%11.3%62.1%14.9%1.2%0.3%-125.9M991.7M-5.0M0.8821.13N/AN/A10,5499,31074,252289,331
2008-06-09$90.76$92.0016.4%4.6%11.2%74.9%15.8%1.0%0.0%-121.0M981.8M-4.9M0.7221.94N/AN/A2,6111,88279,853292,231
2008-06-10$90.17$92.0015.8%4.4%11.4%69.2%15.4%1.1%0.5%-125.3M1.11B-4.9M1.3622.35N/AN/A3,6955,00883,000292,885
2008-06-11$89.96$92.0014.7%4.5%10.8%60.3%15.5%1.2%0.6%-129.8M1.13B-4.8M0.9124.36N/AN/A3,8113,46083,744293,525
2008-06-12$89.06$92.0014.7%4.2%11.3%60.1%14.9%1.0%1.0%-126.1M1.35B-4.5M5.0118.99N/AN/A4,40422,08485,981294,161
2008-06-13$88.87$92.0015.3%4.4%10.6%65.3%15.2%1.3%0.7%-150.0M1.52B-4.9M1.9215.55N/AN/A2,2564,34188,265322,895
2008-06-16$88.89$92.0014.7%4.2%10.6%60.2%15.0%1.8%1.1%-146.3M1.47B-4.8M43.3319.97N/AN/A1,46563,47588,957314,225
2008-06-17$89.07$92.0013.8%3.9%10.6%52.4%13.6%1.1%0.7%-238.4M1.67B-5.2M9.6521.20N/AN/A2,76826,72189,297358,734
2008-06-18$89.82$92.0013.6%3.9%10.9%51.3%13.6%1.3%1.0%-273.8M1.46B-5.6M0.5315.41N/AN/A6,2883,31190,815373,144
2008-06-19$89.29$92.0013.1%3.8%11.0%47.1%13.1%1.2%1.1%-288.2M1.63B-5.4M5.2216.70N/AN/A1,6178,44795,166369,518
2008-06-20$89.81$92.0012.1%3.5%10.6%38.4%12.5%0.5%2.0%-251.4M1.41B-5.4M1.0517.79N/AN/A13,12413,80295,418370,061
2008-06-23$90.00$91.0012.1%3.5%10.5%38.1%12.1%1.5%1.5%-72.1M862.1M-5.2M1.7917.67N/AN/A4,7398,50458,862239,968
2008-06-24$90.59$91.0011.7%3.4%10.6%35.1%12.0%1.7%1.9%-68.2M762.7M-5.3M1.1314.20N/AN/A2,6803,03662,596240,019
2008-06-25$90.64$91.0010.7%3.1%10.1%26.7%10.9%1.0%2.2%-69.7M756.6M-5.2M1.4015.83N/AN/A1,2741,78963,876240,965
2008-06-26$91.25$91.0011.1%3.2%10.0%30.1%12.0%1.1%1.8%-62.9M629.0M-4.9M1.3415.12N/AN/A2,9593,96164,466240,876
2008-06-27$92.32$91.0011.2%3.2%10.5%31.2%11.0%0.7%1.6%-57.8M489.9M-4.6M1.8613.39N/AN/A3,9787,39664,466240,876
2008-06-30$92.34$91.0011.0%3.2%10.5%29.6%11.1%0.5%1.7%-59.7M487.5M-4.6M5.7615.16N/AN/A8524,90966,676247,120