TLT Options History — June 2009

In June 2009, TLT traded between $88.19 and $94.73. ATM implied volatility averaged 21.5%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 2.2% (HV 20d: 23.7%). Max pain ranged from $90.00 to $96.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.53.

Notable Days

  • 2009-06-12: Highest Volume — 66,092 contracts
  • 2009-06-08: Largest IV spike — 11.7% change
  • 2009-06-01: Highest IV Rank — 57.9%
  • 2009-06-01: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$91.66$88.19$94.73$91.09$94.57
Max Pain$91.68$90.00$96.00$96.00$91.00
ATM IV21.5%17.1%25.0%25.0%18.2%
Expected Move6.2%4.9%7.2%7.2%5.2%
HV 20d23.7%18.2%25.6%24.3%18.2%
HV 60d19.6%18.6%20.2%20.0%19.2%
IV Rank45.0%28.9%57.9%57.9%32.9%
IV Percentile58.0%31.7%78.2%78.2%39.7%
Term Structure0.3%-0.8%1.6%-0.8%1.0%
VWIV21.9%17.0%25.2%25.2%20.9%
Skew 25d0.1%-1.4%1.6%0.8%1.6%
Skew 10d0.1%-2.2%2.7%2.2%2.7%
Call IV 25d21.7%16.7%24.9%24.9%17.8%
Put IV 25d21.9%17.9%25.6%25.6%19.4%
Bid-Ask Spread %14.916.9623.627.6012.36
Gamma HHI0.110.070.340.080.11
Net GEX30.8M-9.7M110.0M-9.6M49.9M
Net DEX281.9M-201.1M707.7M568.0M-90.1M
Net VEX-3.3M-3.8M-2.7M-2.9M-3.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.141.050.920.51
Total Volume22,249.0917,47066,09219,13015,640
Total OI373,223305,161509,565306,780316,420

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$91.09$96.0025.0%7.2%24.3%57.9%25.2%0.8%-0.8%-9.6M568.0M-2.9M0.927.60N/AN/A9,9779,153131,006175,774
2009-06-02$91.58$96.0023.8%6.8%24.4%53.4%24.1%0.6%0.1%-7.7M532.6M-3.0M1.057.10N/AN/A3,6443,826137,562179,374
2009-06-03$92.44$96.0022.3%6.4%24.7%47.7%22.4%0.7%0.2%-5.6M484.4M-3.1M0.217.44N/AN/A14,4943,099138,911180,814
2009-06-04$90.53$96.0021.8%6.2%25.6%46.1%21.9%0.5%0.1%-7.9M606.8M-2.8M0.506.96N/AN/A9,3074,635148,597181,757
2009-06-05$89.84$92.0020.7%6.1%24.4%42.2%21.6%0.8%0.7%-8.8M641.3M-2.8M0.6714.28N/AN/A10,6147,060156,113183,461
2009-06-08$89.61$92.0023.2%6.4%24.3%51.1%22.1%0.4%0.2%-8.5M647.7M-2.8M0.9215.35N/AN/A4,4444,097161,882186,440
2009-06-09$89.60$92.0021.9%6.4%23.5%46.5%22.0%0.4%-0.5%-9.7M661.1M-2.8M0.1818.60N/AN/A18,7373,392164,374188,406
2009-06-10$88.19$92.0022.9%6.6%23.7%49.9%23.5%0.0%-0.3%-8.2M707.7M-2.7M0.3215.26N/AN/A48,22715,616179,137188,469
2009-06-11$89.17$91.0022.2%6.4%23.8%47.5%22.1%-0.1%-0.2%6.6M601.1M-3.1M0.4920.20N/AN/A15,9107,876215,541197,663
2009-06-12$89.97$90.0023.2%6.6%24.1%51.2%24.3%-1.4%-0.6%15.8M476.7M-3.3M0.1516.87N/AN/A57,6928,400225,721199,890
2009-06-15$90.78$90.0023.3%6.7%24.5%51.5%23.8%-1.0%-0.4%45.6M291.5M-3.7M0.3216.32N/AN/A12,3973,985266,243201,375
2009-06-16$92.36$90.0022.6%6.5%25.2%49.1%23.1%-0.8%-0.2%69.5M55.7M-3.7M0.1423.62N/AN/A28,6614,079269,303202,376
2009-06-17$91.84$90.0022.0%6.3%25.2%46.9%22.3%-0.9%0.4%78.0M107.2M-3.7M0.5016.34N/AN/A24,87712,502287,688203,172
2009-06-18$90.45$90.0022.8%6.5%25.1%49.6%22.9%-0.4%0.3%37.3M417.3M-3.6M0.4519.18N/AN/A19,1518,701290,257208,220
2009-06-19$91.69$90.0021.6%6.2%24.4%45.4%21.7%0.1%1.1%110.0M198.1M-3.8M0.7116.43N/AN/A7,6105,400298,558211,007
2009-06-22$92.58$90.0022.0%6.3%24.4%47.0%22.1%-0.7%-0.1%42.6M-18.9M-3.7M0.3517.05N/AN/A5,6822,007171,717147,849
2009-06-23$93.67$90.0021.2%6.1%24.1%43.9%21.6%-0.0%0.2%51.1M-135.4M-3.8M0.9015.53N/AN/A6,6956,033176,309149,142
2009-06-24$92.73$90.0019.8%5.7%23.5%38.8%20.0%-0.4%0.9%48.3M-23.7M-3.6M1.0120.44N/AN/A3,8033,831177,153152,187
2009-06-25$94.43$91.0017.7%5.1%23.8%31.2%18.5%0.1%1.6%63.8M-187.6M-3.6M0.6512.38N/AN/A7,4394,862176,678151,992
2009-06-26$94.59$91.0017.1%4.9%22.1%28.9%17.0%1.2%1.2%67.2M-201.1M-3.5M0.2715.86N/AN/A25,1956,720176,218150,989
2009-06-29$94.73$91.0017.5%5.0%18.2%30.2%18.0%1.1%1.4%57.8M-138.8M-3.2M0.5212.76N/AN/A9,2424,768157,277147,884
2009-06-30$94.57$91.0018.2%5.2%18.2%32.9%20.9%1.6%1.0%49.9M-90.1M-3.3M0.5112.36N/AN/A10,3845,256158,624157,796