TLT Options History — October 2014

In October 2014, TLT traded between $117.20 and $122.55. ATM implied volatility averaged 13.3%, placing in the 48.4% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 1.6% (HV 20d: 11.7%). Max pain ranged from $114.00 to $130.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.19.

Notable Days

  • 2014-10-15: Highest Volume — 157,920 contracts
  • 2014-10-15: Largest IV spike — 41.4% change
  • 2014-10-13: Highest IV Rank — 100.0%
  • 2014-10-15: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$119.80$117.20$122.55$118.23$119.26
Max Pain$116.91$114.00$130.00$114.00$119.00
ATM IV13.3%11.2%20.9%11.9%11.3%
Expected Move3.8%3.6%4.7%3.6%3.6%
HV 20d11.7%9.9%12.5%12.1%9.9%
HV 60d11.4%11.1%11.7%11.1%11.2%
IV Rank48.4%18.6%100.0%40.9%19.5%
IV Percentile90.4%67.5%100.0%83.3%70.2%
Term Structure-0.3%-7.3%1.0%0.5%1.0%
VWIV13.6%12.5%16.3%12.6%12.5%
Skew 25d-1.1%-5.8%0.0%-0.3%-0.9%
Skew 10d-2.0%-7.4%0.2%0.0%-2.2%
Call IV 25d13.9%11.8%20.4%12.3%11.8%
Put IV 25d12.8%10.9%16.2%12.0%10.9%
Bid-Ask Spread %25.1117.3462.2427.2723.88
Gamma HHI0.090.050.230.070.10
Net GEX22.6M-65.3M120.0M42.9M-65.3M
Net DEX-815.5M-1.61B-307.7M-788.8M-366.7M
Net VEX-7.7M-8.4M-7.0M-7.3M-7.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.682.031.640.95
Total Volume60,074.73921,492157,920108,06273,412
Total OI651,280.826563,458765,353563,458674,639

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$118.23$114.0011.9%3.6%12.1%40.9%12.6%-0.3%0.5%42.9M-788.8M-7.3M1.6427.27N/AN/A40,98567,077224,928338,530
2014-10-02$117.20$114.0012.0%3.6%11.6%42.3%12.8%-0.1%0.6%-16.5M-370.9M-8.0M1.3724.14N/AN/A16,17222,099241,256373,885
2014-10-03$117.70$114.0011.7%3.6%11.7%37.5%12.5%-0.2%0.7%-20.8M-575.1M-7.7M1.3618.18N/AN/A18,10024,571243,883379,388
2014-10-06$117.77$114.0011.9%3.6%11.7%40.6%12.8%-0.1%-0.2%21.1M-564.9M-7.6M1.2318.59N/AN/A13,96917,201238,551366,100
2014-10-07$119.36$114.0013.0%3.7%12.5%55.8%13.2%-0.1%-0.3%51.7M-1.02B-7.6M1.3618.08N/AN/A24,75033,762245,835376,840
2014-10-08$119.39$114.0013.0%3.8%12.1%56.3%13.4%0.0%-0.2%50.2M-1.03B-7.7M1.5218.77N/AN/A23,65635,856253,627390,540
2014-10-09$118.87$114.0012.9%3.7%12.2%59.7%13.1%-0.4%-0.1%33.2M-858.4M-7.5M0.8218.29N/AN/A25,37320,879258,075398,090
2014-10-10$120.05$115.0013.3%3.8%11.6%78.4%13.4%-0.3%-0.2%120.0M-1.27B-7.4M0.8717.76N/AN/A32,14428,051267,519406,723
2014-10-13$120.78$115.0014.7%3.9%11.6%100.0%13.8%-0.7%-0.6%69.4M-1.38B-7.4M0.6817.34N/AN/A31,75721,597264,513391,911
2014-10-14$120.94$114.0014.8%3.9%11.3%100.0%13.9%-0.9%-0.6%67.3M-1.41B-7.0M1.0418.23N/AN/A25,54826,508271,439400,887
2014-10-15$122.55$115.0020.9%4.7%11.6%100.0%16.3%-5.8%-7.3%55.6M-1.61B-8.1M0.8562.24N/AN/A85,54372,377278,200420,084
2014-10-16$121.75$115.0017.1%4.5%12.2%67.8%15.3%-1.8%-0.9%52.6M-1.31B-8.3M0.9643.72N/AN/A46,21244,535292,587435,971
2014-10-17$121.07$115.0014.5%4.1%12.2%46.2%14.2%-2.2%-0.6%70.4M-1.19B-7.8M0.9036.32N/AN/A27,07024,408306,925458,428
2014-10-20$121.49$0.0013.6%3.8%12.1%38.3%15.1%-1.8%-0.1%27.8M-994.2M-7.7M1.3419.29N/AN/A24,29832,605259,146357,539
2014-10-21$120.94$130.0013.4%3.8%12.4%37.0%14.6%-1.7%-0.2%24.0M-887.5M-7.3M1.1419.64N/AN/A21,14924,088265,576360,255
2014-10-22$120.65$121.0013.4%3.9%12.1%37.2%13.6%-1.1%-0.5%14.9M-696.8M-7.9M1.1322.11N/AN/A23,91127,103268,777369,196
2014-10-23$119.66$120.0012.8%3.9%12.2%32.1%13.7%-0.9%0.1%12.8M-400.5M-8.1M1.4524.61N/AN/A30,12243,746275,511375,475
2014-10-24$119.68$119.0013.0%3.9%12.1%34.0%13.7%-1.5%-0.3%13.0M-365.1M-8.4M0.9222.65N/AN/A27,58125,388278,713386,418
2014-10-27$119.94$119.0012.6%3.9%11.9%30.4%13.7%-1.1%0.9%-6.2M-518.2M-7.5M2.0320.78N/AN/A7,09014,402257,846374,612
2014-10-28$119.19$119.0011.4%3.7%12.0%20.2%13.4%-1.1%0.6%-24.9M-307.7M-7.5M1.8625.90N/AN/A12,95024,121260,016378,128
2014-10-29$119.42$119.0011.5%3.6%10.5%21.4%13.0%-0.9%0.7%-29.3M-371.9M-7.5M1.2931.97N/AN/A32,84342,527263,074383,049
2014-10-30$119.53$119.0011.2%3.6%9.9%18.6%12.7%-0.7%0.9%-43.5M-470.4M-7.8M0.7127.79N/AN/A25,90218,281270,586396,188
2014-10-31$119.26$119.0011.3%3.6%9.9%19.5%12.5%-0.9%1.0%-65.3M-366.7M-7.7M0.9523.88N/AN/A37,67135,741274,974399,665