TLT Options History — August 2014

In August 2014, TLT traded between $114.26 and $119.05. ATM implied volatility averaged 11.2%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 1.0% (HV 20d: 10.2%). Max pain ranged from $109.00 to $116.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.10.

Notable Days

  • 2014-08-15: Highest Volume — 131,523 contracts
  • 2014-08-28: Largest IV spike — 7.7% change
  • 2014-08-15: Highest IV Rank — 36.5%
  • 2014-08-08: Largest Expected Move — 3.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.36$114.26$119.05$114.56$119.05
Max Pain$111.43$109.00$116.00$109.00$116.00
ATM IV11.2%10.4%12.0%10.7%11.5%
Expected Move3.5%3.4%3.6%3.5%3.5%
HV 20d10.2%8.9%11.1%10.6%8.9%
HV 60d10.4%10.0%10.7%10.6%10.0%
IV Rank26.3%17.0%36.5%21.0%29.9%
IV Percentile62.1%38.5%77.4%50.0%74.6%
Term Structure0.1%-0.4%0.7%0.3%0.3%
VWIV12.3%9.7%12.9%12.6%12.2%
Skew 25d-0.1%-0.8%0.4%0.0%-0.8%
Skew 10d-0.4%-1.7%0.4%0.2%-1.7%
Call IV 25d11.4%10.7%12.2%10.7%12.0%
Put IV 25d11.3%10.4%12.0%10.7%11.1%
Bid-Ask Spread %27.3917.5135.2124.3126.18
Gamma HHI0.080.060.200.130.20
Net GEX5.6M-137.2M129.4M-137.2M129.4M
Net DEX-416.1M-1.29B347.8M347.8M-1.29B
Net VEX-7.8M-8.8M-6.3M-8.6M-6.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.321.900.880.32
Total Volume51,108.52427,409131,52376,458100,353
Total OI713,046.143646,964769,863749,217717,328

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$114.56$109.0010.7%3.5%10.6%21.0%12.6%0.0%0.3%-137.2M347.8M-8.6M0.8824.31N/AN/A40,76135,697264,504484,713
2014-08-04$114.26$109.0010.7%3.5%10.5%20.3%12.1%0.3%-0.0%-76.1M328.6M-8.6M1.8728.45N/AN/A9,63017,997264,235438,992
2014-08-05$114.63$109.0010.8%3.5%9.9%22.3%12.2%0.1%-0.2%-85.1M218.6M-8.7M1.3528.79N/AN/A13,21117,789265,862449,273
2014-08-06$114.70$109.0011.2%3.5%9.9%26.2%11.9%0.4%-0.2%-76.4M150.9M-8.7M1.6927.47N/AN/A15,13125,568269,043453,324
2014-08-07$115.77$112.0011.8%3.6%10.3%33.3%9.7%-0.1%-0.3%-19.7M-342.1M-8.1M0.5917.51N/AN/A27,03116,049272,794463,569
2014-08-08$115.52$111.0012.0%3.6%10.2%35.9%12.8%-0.1%-0.4%5.7M-285.1M-8.7M0.7525.55N/AN/A36,91027,538284,438468,435
2014-08-11$115.51$111.0011.6%3.6%10.0%31.1%12.6%-0.0%0.1%-12.5M-236.4M-8.2M1.2427.16N/AN/A14,76218,280286,089452,801
2014-08-12$114.76$111.0011.2%3.6%10.3%26.6%12.8%0.2%0.6%-68.9M154.3M-8.8M0.8026.25N/AN/A19,40915,510289,427461,876
2014-08-13$115.51$111.0011.1%3.6%10.4%25.8%12.7%-0.0%0.1%-10.8M-276.0M-8.0M1.9030.72N/AN/A14,57527,698293,333466,730
2014-08-14$116.44$111.0011.3%3.6%9.8%27.4%12.7%0.1%0.2%44.5M-748.6M-7.7M0.8634.38N/AN/A28,40424,539297,011472,852
2014-08-15$117.71$111.0012.0%3.6%10.4%36.5%12.9%-0.3%0.1%47.4M-1.17B-7.8M1.4035.21N/AN/A54,75276,771297,596471,709
2014-08-18$116.54$111.0011.4%3.5%11.0%29.0%12.1%-0.4%-0.0%-1.7M-329.7M-8.0M1.1632.44N/AN/A28,00532,410257,289389,675
2014-08-19$116.18$112.0011.4%3.6%11.1%29.0%12.5%-0.3%0.0%-10.1M-204.3M-7.9M1.1821.17N/AN/A14,40416,973269,372397,192
2014-08-20$115.99$112.0011.3%3.5%11.1%28.5%12.5%-0.3%-0.0%-16.6M-117.8M-7.7M0.9518.85N/AN/A14,03413,375274,711402,355
2014-08-21$116.64$112.0011.0%3.5%10.8%23.8%12.5%-0.3%0.1%16.9M-426.9M-7.6M0.8934.10N/AN/A18,69716,640280,540405,276
2014-08-22$117.29$112.0010.8%3.5%10.2%21.4%12.5%-0.1%0.2%53.7M-738.7M-7.4M0.8425.70N/AN/A24,83720,819286,391410,070
2014-08-25$117.73$112.0010.4%3.4%10.2%17.0%12.4%0.1%0.7%72.1M-819.4M-7.1M0.6529.83N/AN/A17,94111,604274,302390,630
2014-08-26$117.35$112.0010.5%3.4%10.3%18.9%12.2%-0.6%0.1%61.7M-691.5M-7.2M1.7726.72N/AN/A11,52620,412277,722393,472
2014-08-27$118.35$112.0010.6%3.4%9.1%19.9%11.5%0.1%0.4%88.2M-1.04B-6.5M1.1527.04N/AN/A23,80527,277278,003407,298
2014-08-28$118.97$115.0011.5%3.4%9.0%29.7%12.2%-0.4%0.1%113.6M-1.23B-6.7M0.9427.43N/AN/A42,41239,743278,966414,771
2014-08-29$119.05$116.0011.5%3.5%8.9%29.9%12.2%-0.8%0.3%129.4M-1.29B-6.3M0.3226.18N/AN/A75,78024,573285,313432,015