TLT Options History — April 2014

In April 2014, TLT traded between $107.27 and $111.33. ATM implied volatility averaged 10.6%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 0.4% (HV 20d: 10.3%). Max pain ranged from $106.00 to $109.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.15.

Notable Days

  • 2014-04-17: Highest Volume — 102,986 contracts
  • 2014-04-04: Largest IV drop — 14.4% change
  • 2014-04-02: Highest IV Rank — 12.0%
  • 2014-04-14: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.92$107.27$111.33$107.89$111.10
Max Pain$107.05$106.00$109.00$109.00$106.00
ATM IV10.6%9.7%11.4%11.3%10.5%
Expected Move3.9%3.8%4.0%3.9%3.9%
HV 20d10.3%8.4%11.3%11.2%8.4%
HV 60d10.3%9.9%10.7%10.3%9.9%
IV Rank8.3%3.6%12.0%11.4%7.6%
IV Percentile25.9%5.2%39.3%36.1%23.4%
Term Structure-0.2%-0.9%0.5%-0.4%0.5%
VWIV14.0%12.7%14.8%14.8%13.8%
Skew 25d0.1%-0.2%0.5%0.4%-0.2%
Skew 10d0.2%-0.7%1.0%0.4%-0.3%
Call IV 25d10.7%9.6%11.4%11.1%10.8%
Put IV 25d10.8%9.9%11.8%11.6%10.6%
Bid-Ask Spread %20.0614.8025.2917.0025.29
Gamma HHI0.120.080.170.080.15
Net GEX68.2M-83.6M156.4M-46.2M102.9M
Net DEX-708.7M-1.37B473.8M199.8M-1.07B
Net VEX-9.8M-10.6M-8.9M-9.5M-10.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.312.882.080.31
Total Volume53,139.66726,324102,98651,33278,354
Total OI791,632.476690,249866,838690,249860,499

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$107.89$109.0011.3%3.9%11.2%11.4%14.8%0.4%-0.4%-46.2M199.8M-9.5M2.0817.00N/AN/A16,67234,660302,718387,531
2014-04-02$107.27$107.0011.4%3.9%11.3%12.0%14.1%0.5%-0.4%-83.6M473.8M-9.5M1.6417.39N/AN/A22,72437,271307,635398,316
2014-04-03$107.74$107.0011.3%3.9%10.8%11.9%13.8%0.4%-0.4%-65.6M245.7M-9.5M1.5918.57N/AN/A12,42519,740311,624409,815
2014-04-04$108.46$107.009.7%3.9%10.7%3.8%14.2%0.3%-0.3%-4.3M-159.0M-8.9M0.9025.04N/AN/A47,91443,005313,419412,359
2014-04-07$109.11$107.009.7%3.8%10.8%3.6%14.0%0.3%-0.2%48.0M-397.8M-8.9M0.9123.07N/AN/A24,32822,023321,236410,983
2014-04-08$109.37$107.009.9%3.9%10.8%4.7%13.7%0.4%-0.3%75.2M-555.3M-9.1M0.5323.24N/AN/A17,2439,081332,071423,788
2014-04-09$108.83$107.009.8%3.9%10.9%4.0%14.0%0.4%-0.4%34.3M-310.6M-9.0M1.1724.87N/AN/A14,30016,793333,441427,314
2014-04-10$109.84$107.0010.1%3.9%10.3%5.9%13.6%0.3%-0.5%100.9M-759.6M-9.0M0.7619.97N/AN/A33,06425,266333,475437,442
2014-04-11$110.73$107.0011.1%4.0%10.6%10.6%14.3%0.1%-0.9%112.9M-1.10B-9.4M0.4117.05N/AN/A62,39625,517343,358449,593
2014-04-14$110.44$107.0011.2%4.0%10.3%11.3%14.3%0.0%-0.1%93.5M-992.4M-10.0M0.4916.44N/AN/A35,43117,373363,498437,042
2014-04-15$111.13$107.0011.3%4.0%10.4%11.4%14.5%-0.1%-0.0%120.2M-1.37B-9.9M0.9117.83N/AN/A27,23124,821388,856449,715
2014-04-16$111.27$107.0010.8%4.0%9.8%9.2%14.5%-0.2%-0.0%103.0M-1.37B-9.7M0.5918.82N/AN/A31,07918,428390,867454,265
2014-04-17$110.05$107.0010.5%4.0%10.8%7.8%12.7%-0.2%-0.0%118.8M-785.4M-10.4M0.7319.18N/AN/A59,46343,523405,158461,680
2014-04-21$109.96$107.0010.5%3.9%10.2%7.7%14.1%0.0%-0.2%89.7M-686.9M-10.6M1.0819.06N/AN/A13,87915,030408,722375,056
2014-04-22$110.33$107.0010.3%4.0%10.0%6.7%14.4%-0.1%-0.2%98.6M-876.9M-10.4M1.9721.23N/AN/A16,12031,711413,525382,335
2014-04-23$110.96$107.0010.4%3.9%10.0%7.4%13.3%0.1%-0.2%117.6M-1.18B-10.3M0.9421.39N/AN/A13,95213,074420,874399,828
2014-04-24$111.17$108.0010.6%4.0%9.7%8.2%14.3%-0.0%-0.1%127.0M-1.24B-10.2M1.0920.73N/AN/A14,41515,752420,407406,355
2014-04-25$111.33$107.0011.0%3.9%9.5%10.2%14.4%-0.1%-0.3%156.4M-1.30B-10.3M1.2214.80N/AN/A30,59337,345425,279414,274
2014-04-28$110.79$107.0011.0%3.9%9.5%10.2%14.5%0.1%0.5%77.5M-874.1M-10.4M1.8721.43N/AN/A16,29330,479416,310419,777
2014-04-29$110.64$106.0010.8%3.9%9.4%9.0%13.9%0.0%0.4%56.4M-766.7M-10.4M2.8818.89N/AN/A12,16734,998420,061433,781
2014-04-30$111.10$106.0010.5%3.9%8.4%7.6%13.8%-0.2%0.5%102.9M-1.07B-10.5M0.3125.29N/AN/A59,68618,668423,672436,827