TLT Options History — August 2009

In August 2009, TLT traded between $90.49 and $96.60. ATM implied volatility averaged 17.3%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 3.1% (HV 20d: 20.4%). Max pain ranged from $93.00 to $94.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2009-08-31: Highest Volume — 31,692 contracts
  • 2009-08-18: Largest IV drop — 5.4% change
  • 2009-08-10: Highest IV Rank — 35.6%
  • 2009-08-11: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.85$90.49$96.60$93.06$96.60
Max Pain$93.33$93.00$94.00$93.00$94.00
ATM IV17.3%14.8%18.9%18.7%15.6%
Expected Move5.0%4.3%5.5%5.4%4.5%
HV 20d20.4%16.9%23.0%23.0%16.9%
HV 60d20.6%18.6%21.6%21.3%18.6%
IV Rank28.6%18.8%35.6%34.9%21.0%
IV Percentile26.2%4.8%43.3%42.5%6.3%
Term Structure0.9%0.4%2.2%0.4%0.9%
VWIV17.7%15.1%19.3%18.8%18.4%
Skew 25d0.6%-0.2%1.3%0.7%0.5%
Skew 10d1.1%0.0%2.0%1.6%1.1%
Call IV 25d17.3%14.9%19.6%18.8%15.4%
Put IV 25d17.9%15.0%19.8%19.5%15.9%
Bid-Ask Spread %9.186.0515.4413.476.05
Gamma HHI0.140.090.550.100.10
Net GEX6.7M-86.3M42.0M7.1M17.6M
Net DEX153.3M-224.3M520.0M259.9M-80.9M
Net VEX-3.2M-3.5M-3.0M-3.3M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.161.741.360.24
Total Volume15,588.9525,17731,69212,94731,692
Total OI353,768.952318,281396,009318,281352,189

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-08-03$93.06$93.0018.7%5.4%23.0%34.9%18.8%0.7%0.4%7.1M259.9M-3.3M1.3613.47N/AN/A5,4957,452134,023184,258
2009-08-04$92.32$93.0018.9%5.4%22.9%35.5%19.3%0.1%0.5%2.3M334.3M-3.3M0.8315.44N/AN/A8,2226,841136,650188,841
2009-08-05$90.94$93.0018.2%5.2%22.2%32.8%18.4%0.4%0.4%-5.2M486.8M-3.3M0.4013.41N/AN/A11,0314,403140,680193,704
2009-08-06$91.25$93.0018.3%5.3%22.0%33.4%18.4%-0.0%0.6%-2.8M442.6M-3.3M0.3510.69N/AN/A8,3682,940143,365195,082
2009-08-07$90.49$93.0018.3%5.4%21.7%33.3%18.9%0.7%0.9%-6.4M520.0M-3.2M0.409.04N/AN/A7,9623,146145,883196,875
2009-08-10$91.62$93.0018.9%5.4%22.4%35.6%19.3%1.3%0.4%411.4K395.2M-3.2M1.369.95N/AN/A3,8325,228150,509197,930
2009-08-11$92.68$93.0018.9%5.5%22.2%35.0%19.2%0.6%0.5%7.4M264.5M-3.4M0.359.60N/AN/A6,4412,243151,534200,395
2009-08-12$91.69$93.0018.1%5.4%20.5%32.2%19.0%0.8%0.5%714.4K390.5M-3.3M0.2911.20N/AN/A9,0892,598153,049200,546
2009-08-13$92.99$93.0018.1%5.2%20.7%31.2%18.2%0.8%0.8%16.4M203.2M-3.1M0.308.97N/AN/A9,8442,909156,329200,359
2009-08-14$93.35$93.0018.2%5.2%19.9%31.4%18.3%1.1%0.7%21.7M149.4M-3.2M1.749.38N/AN/A9,86017,148161,811200,681
2009-08-17$94.73$93.0018.8%5.4%20.4%33.5%19.1%1.2%0.6%14.5M-557.0K-3.4M0.168.81N/AN/A18,3532,998165,521214,129
2009-08-18$94.18$93.0017.8%5.1%19.4%29.7%18.1%0.7%1.2%9.3M69.0M-3.4M0.627.07N/AN/A10,7536,652175,028214,859
2009-08-19$94.96$93.0017.6%5.0%19.3%29.2%17.9%0.9%1.1%24.2M-106.2M-3.5M0.767.91N/AN/A6,7785,154179,971216,038
2009-08-20$95.74$93.0016.8%4.8%17.9%26.3%17.2%0.6%1.7%42.0M-224.3M-3.2M0.876.71N/AN/A12,65310,988176,833216,354
2009-08-21$93.77$94.0016.4%4.7%19.7%24.8%16.6%0.8%2.2%-86.3M233.7M-3.2M0.868.67N/AN/A10,2488,850175,002218,398
2009-08-24$95.47$94.0015.6%4.5%20.0%21.7%15.8%0.5%1.1%16.3M46.6M-3.0M1.626.93N/AN/A10,62617,255142,110177,018
2009-08-25$96.01$94.0015.7%4.5%19.9%21.9%15.7%0.4%1.3%12.5M-5.2M-3.3M0.737.34N/AN/A9,0416,587147,279191,062
2009-08-26$96.45$94.0014.8%4.3%19.8%18.8%15.2%0.2%1.2%16.7M-64.2M-3.2M0.368.14N/AN/A3,8131,364150,608192,701
2009-08-27$96.07$94.0014.9%4.3%19.5%18.9%15.1%0.4%1.3%15.2M-21.5M-3.1M0.737.63N/AN/A3,1262,295151,371193,181
2009-08-28$96.51$94.0014.8%4.3%18.4%18.9%15.1%-0.2%1.8%17.6M-73.8M-3.2M0.786.27N/AN/A7,3415,749152,582194,410
2009-08-31$96.60$94.0015.6%4.5%16.9%21.0%18.4%0.5%0.9%17.6M-80.9M-3.1M0.246.05N/AN/A25,5416,151153,773198,416