TLT Options History — October 2008

In October 2008, TLT traded between $92.83 and $99.17. ATM implied volatility averaged 20.3%, placing in the 73.0% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 1.1% (HV 20d: 21.4%). Max pain ranged from $94.00 to $97.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 3.61.

Notable Days

  • 2008-10-17: Highest Volume — 36,126 contracts
  • 2008-10-14: Largest IV spike — 42.1% change
  • 2008-10-06: Highest IV Rank — 100.0%
  • 2008-10-13: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.88$92.83$99.17$95.78$92.83
Max Pain$96.52$94.00$97.00$96.00$96.00
ATM IV20.3%16.2%24.8%18.6%16.2%
Expected Move6.0%4.7%7.5%5.3%4.7%
HV 20d21.4%16.6%25.3%23.9%16.6%
HV 60d16.9%16.4%17.6%16.4%17.5%
IV Rank73.0%45.2%100.0%71.5%45.2%
IV Percentile92.9%71.8%100.0%96.8%71.8%
Term Structure-1.0%-5.6%1.7%1.4%1.5%
VWIV21.1%16.6%25.9%19.7%16.6%
Skew 25d0.6%-2.3%3.1%1.3%0.3%
Skew 10d1.4%-1.9%6.2%3.0%0.4%
Call IV 25d20.9%16.5%26.2%19.5%16.5%
Put IV 25d21.5%16.7%26.8%20.9%16.7%
Bid-Ask Spread %42.5019.2868.1934.9819.28
Gamma HHI0.110.080.150.100.13
Net GEX-55.0M-84.1M-28.0M-51.4M-76.1M
Net DEX324.8M-100.0M705.5M274.2M596.0M
Net VEX-4.2M-4.7M-3.5M-4.2M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.610.7312.511.371.34
Total Volume12,347.4353,73936,12611,33910,049
Total OI340,441.913301,091373,010324,029340,492

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$95.78$96.0018.6%5.3%23.9%71.5%19.7%1.3%1.4%-51.4M274.2M-4.2M1.3734.98N/AN/A4,7926,54771,138252,891
2008-10-02$96.55$96.0021.9%6.3%23.9%94.7%21.5%0.5%-2.3%-46.6M195.7M-4.2M0.7341.24N/AN/A4,0982,98174,532257,561
2008-10-03$97.40$96.0021.3%6.1%24.0%90.3%23.1%0.8%1.6%-45.9M139.2M-4.2M2.0642.67N/AN/A3,7097,63474,272258,950
2008-10-06$99.17$94.0024.8%6.3%24.8%100.0%22.3%0.0%-2.3%-28.0M-100.0M-3.5M1.9646.82N/AN/A5,0719,93576,645262,578
2008-10-07$98.87$96.0022.8%6.3%24.6%87.1%24.0%2.2%-1.5%-32.9M-33.3M-3.9M7.1854.94N/AN/A1,73112,42977,766267,412
2008-10-08$97.45$96.0023.6%6.3%25.1%92.3%22.1%0.6%-1.6%-46.9M169.1M-4.3M6.2659.67N/AN/A2,75417,24177,824274,506
2008-10-09$96.63$97.0022.3%6.8%25.3%84.0%22.9%1.5%-4.9%-57.2M296.9M-4.7M3.5164.21N/AN/A1,4995,26278,247288,407
2008-10-10$95.95$97.0020.5%7.3%25.0%72.6%25.9%1.4%-4.0%-60.8M383.5M-4.7M2.5155.08N/AN/A3,0257,57978,824289,970
2008-10-13$94.72$97.0016.7%7.5%22.5%48.4%25.7%-2.3%-5.6%-77.8M579.1M-4.7M5.0868.19N/AN/A1,9389,84978,304291,663
2008-10-14$94.11$97.0023.8%6.5%22.5%93.6%22.5%2.0%-1.9%-83.7M705.5M-4.7M4.5348.60N/AN/A5,63225,49178,073294,937
2008-10-15$95.01$97.0018.2%6.2%22.8%57.7%21.4%3.1%-1.1%-72.9M519.7M-4.6M1.1364.00N/AN/A5,1125,78479,408290,322
2008-10-16$94.52$96.0021.4%6.1%22.3%78.6%21.8%1.9%-1.8%-81.9M566.1M-4.6M2.4247.09N/AN/A1,2002,90379,945291,231
2008-10-17$93.87$96.0017.3%5.0%19.2%52.2%17.4%0.1%0.8%-84.1M634.6M-4.4M7.6558.17N/AN/A4,17831,94880,128290,244
2008-10-20$94.62$97.0016.7%4.8%19.4%48.3%16.9%1.1%0.6%-50.4M371.7M-4.3M3.1650.60N/AN/A1,1373,59260,013241,078
2008-10-21$95.12$97.0017.8%5.1%19.5%55.0%17.7%0.3%-0.2%-45.4M287.4M-3.9M1.3237.57N/AN/A1,6092,13060,476241,294
2008-10-22$97.05$97.0019.4%5.6%20.6%65.7%19.4%-0.9%-0.3%-34.9M150.4M-3.8M12.5133.26N/AN/A1,18214,78961,144242,010
2008-10-23$97.77$97.0020.8%6.0%20.7%74.5%21.4%-0.6%0.2%-34.1M111.1M-3.8M1.9826.07N/AN/A7,43314,70261,701252,988
2008-10-24$96.73$97.0022.5%6.4%21.0%85.2%22.0%0.4%-1.2%-41.4M228.0M-4.2M2.0422.19N/AN/A2,6925,49765,153260,551
2008-10-27$96.80$97.0022.4%6.4%18.4%84.9%22.4%0.3%-1.8%-39.9M188.2M-3.8M3.9221.15N/AN/A8763,43666,602261,940
2008-10-28$95.39$97.0021.1%6.1%16.9%76.6%21.5%0.0%-0.4%-51.3M354.2M-4.3M3.5824.17N/AN/A2,1067,54166,793263,283
2008-10-29$94.91$97.0019.6%5.6%16.6%66.6%19.8%1.2%0.4%-56.6M389.0M-4.1M0.9731.33N/AN/A2,3062,24567,801266,195
2008-10-30$94.05$97.0017.6%5.0%16.6%53.9%18.1%-0.4%1.7%-65.2M464.6M-4.0M5.7526.17N/AN/A1,5348,81368,841266,031
2008-10-31$92.83$96.0016.2%4.7%16.6%45.2%16.6%0.3%1.5%-76.1M596.0M-4.0M1.3419.28N/AN/A4,2875,76269,450271,042