TLT Options History — September 2014

In September 2014, TLT traded between $112.80 and $117.38. ATM implied volatility averaged 11.6%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded below realized volatility by 0.2% (HV 20d: 11.9%). Max pain ranged from $114.00 to $117.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.22.

Notable Days

  • 2014-09-12: Highest Volume — 122,004 contracts
  • 2014-09-17: Largest IV drop — 9.4% change
  • 2014-09-15: Highest IV Rank — 49.3%
  • 2014-09-11: Largest Expected Move — 3.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.13$112.80$117.38$116.73$116.27
Max Pain$115.67$114.00$117.00$117.00$114.00
ATM IV11.6%10.5%12.8%12.7%11.5%
Expected Move3.5%3.4%3.6%3.6%3.5%
HV 20d11.9%10.6%12.7%11.7%10.6%
HV 60d11.0%10.6%11.2%10.9%10.8%
IV Rank36.3%20.8%49.3%44.9%35.6%
IV Percentile72.7%40.1%88.5%86.9%78.6%
Term Structure-0.0%-0.6%0.4%-0.4%0.4%
VWIV12.4%11.9%12.7%12.6%12.5%
Skew 25d0.0%-0.8%0.7%-0.8%-0.2%
Skew 10d-0.2%-1.3%0.5%-1.3%-0.2%
Call IV 25d11.7%10.5%13.1%13.1%11.8%
Put IV 25d11.7%10.6%12.9%12.2%11.6%
Bid-Ask Spread %23.6715.6336.2431.6819.55
Gamma HHI0.080.050.150.050.07
Net GEX-87.3M-205.8M37.6M-51.1M-9.2M
Net DEX543.8M-440.5M1.72B155.9M-259.1M
Net VEX-7.3M-8.0M-6.3M-7.3M-7.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.352.151.200.35
Total Volume53,725.14324,932122,00485,01743,458
Total OI663,837.429490,958778,852648,930565,014

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-09-02$116.73$117.0012.7%3.6%11.7%44.9%12.6%-0.8%-0.4%-51.1M155.9M-7.3M1.2031.68N/AN/A38,63446,383234,602414,328
2014-09-03$117.38$117.0012.8%3.5%11.8%45.7%12.7%0.7%-0.4%-33.3M-42.8M-7.2M1.8526.57N/AN/A20,79938,503244,017424,026
2014-09-04$115.95$116.0012.4%3.5%12.7%44.1%12.7%-0.1%0.1%-96.6M447.2M-7.7M1.1636.24N/AN/A40,85447,201254,158440,248
2014-09-05$115.73$116.0011.5%3.5%12.3%32.1%12.2%-0.2%-0.1%-133.6M668.1M-8.0M0.9130.05N/AN/A25,41423,001270,547462,071
2014-09-08$115.78$116.0012.0%3.5%12.3%41.7%12.6%-0.1%-0.2%-89.7M468.6M-7.8M1.2231.42N/AN/A12,95515,797263,357441,109
2014-09-09$115.69$116.0012.0%3.5%12.3%41.9%12.6%0.2%-0.4%-95.0M500.2M-7.7M2.1523.03N/AN/A8,23317,706267,693443,542
2014-09-10$114.96$116.0011.9%3.5%12.3%41.4%12.4%-0.2%-0.2%-146.1M830.3M-7.5M1.8430.61N/AN/A15,71528,887268,505452,485
2014-09-11$114.58$116.0012.0%3.6%12.1%42.3%12.6%-0.1%-0.2%-180.7M992.0M-7.6M1.2129.58N/AN/A17,07320,704271,539458,665
2014-09-12$113.38$116.0012.4%3.6%12.2%48.4%12.5%0.5%-0.6%-177.1M1.50B-7.4M1.3320.84N/AN/A52,43569,569277,533465,681
2014-09-15$113.55$116.0012.5%3.6%11.3%49.3%12.6%0.3%-0.2%-163.0M1.32B-7.8M1.3119.47N/AN/A18,46124,100285,247460,652
2014-09-16$113.09$116.0012.3%3.5%11.0%46.6%12.5%0.2%-0.3%-178.7M1.52B-7.6M1.2915.63N/AN/A13,86817,855294,812467,640
2014-09-17$112.80$116.0011.2%3.4%11.0%30.4%12.4%0.3%0.0%-205.8M1.72B-7.2M1.0220.06N/AN/A44,68545,739296,657471,745
2014-09-18$113.16$116.0011.0%3.5%11.1%28.1%12.5%0.2%0.1%-174.2M1.55B-7.1M1.3119.40N/AN/A21,79228,586304,703474,149
2014-09-19$114.60$116.0010.5%3.4%11.9%20.8%12.1%0.2%0.1%-101.1M780.9M-6.9M0.6920.41N/AN/A37,08925,545307,757470,269
2014-09-22$114.74$115.0010.6%3.4%11.7%23.2%12.2%-0.0%0.2%-19.3M127.2M-6.3M0.9420.67N/AN/A12,83712,095194,111296,847
2014-09-23$115.45$115.0010.6%3.4%11.9%22.7%11.9%-0.1%0.2%-7.6M-19.6M-6.6M0.9818.88N/AN/A28,84428,324197,890301,622
2014-09-24$114.81$115.0010.7%3.4%11.9%23.6%12.3%-0.1%0.3%-36.0M122.2M-7.0M1.3722.92N/AN/A15,33221,003216,416317,875
2014-09-25$116.17$115.0010.9%3.5%12.3%27.7%12.1%-0.2%0.2%16.6M-280.6M-7.2M1.2920.71N/AN/A17,83022,971223,100327,579
2014-09-26$116.00$115.0011.4%3.5%12.1%34.1%12.4%-0.2%0.2%37.6M-239.5M-7.3M1.5420.41N/AN/A28,58643,972225,372332,406
2014-09-29$116.93$114.0011.6%3.5%12.6%37.2%12.3%-0.2%0.4%11.2M-440.5M-7.3M0.6218.95N/AN/A21,78413,609223,757330,860
2014-09-30$116.27$114.0011.5%3.5%10.6%35.6%12.5%-0.2%0.4%-9.2M-259.1M-7.5M0.3519.55N/AN/A32,24311,215229,325335,689