TLT Options History — January 2015

In January 2015, TLT traded between $127.26 and $138.40. ATM implied volatility averaged 15.9%, placing in the 57.6% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 0.0% (HV 20d: 15.9%). Max pain ranged from $123.00 to $131.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.21.

Notable Days

  • 2015-01-30: Highest Volume — 267,867 contracts
  • 2015-01-06: Largest IV spike — 11.6% change
  • 2015-01-20: Highest IV Rank — 75.7%
  • 2015-01-20: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.02$127.26$138.40$127.26$138.40
Max Pain$128.10$123.00$131.00$123.00$131.00
ATM IV15.9%13.2%18.0%13.2%15.7%
Expected Move4.5%3.8%5.2%3.8%4.6%
HV 20d15.9%14.2%17.3%14.2%17.3%
HV 60d12.5%11.0%14.0%11.0%14.0%
IV Rank57.6%35.2%75.7%35.2%55.2%
IV Percentile97.4%93.7%99.6%95.2%94.4%
Term Structure-0.1%-0.6%0.5%0.5%0.3%
VWIV16.1%14.2%18.1%14.2%15.7%
Skew 25d-1.5%-2.4%-0.6%-0.6%-1.3%
Skew 10d-2.7%-5.0%-1.4%-1.7%-2.3%
Call IV 25d17.1%13.6%19.5%13.6%16.4%
Put IV 25d15.6%13.1%17.7%13.1%15.2%
Bid-Ask Spread %20.9911.7350.7350.7311.73
Gamma HHI0.090.070.210.090.07
Net GEX57.1M-46.5M117.9M86.5M117.9M
Net DEX-1.48B-2.14B-927.5M-1.08B-2.14B
Net VEX-6.7M-7.6M-5.6M-6.0M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.723.071.071.72
Total Volume93,686.6533,653267,86782,813267,867
Total OI640,447.4538,949763,447565,423706,756

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-01-02$127.26$123.0013.2%3.8%14.2%35.2%14.2%-0.6%0.5%86.5M-1.08B-6.0M1.0750.73N/AN/A40,03842,775220,454344,969
2015-01-05$129.32$123.0014.5%4.1%14.8%46.5%14.6%-1.1%0.0%85.2M-1.44B-5.8M0.8834.46N/AN/A37,58833,237221,229333,253
2015-01-06$131.65$125.0016.2%4.6%15.3%60.5%15.9%-1.2%-0.1%100.2M-1.80B-5.6M1.1429.01N/AN/A48,86755,565232,973349,386
2015-01-07$131.39$127.0016.0%4.4%15.2%58.4%15.6%-1.5%-0.4%85.3M-1.66B-5.9M0.9230.70N/AN/A47,26943,604246,709375,052
2015-01-08$129.62$127.0014.9%4.0%16.3%49.2%14.5%-0.9%-0.2%46.9M-1.09B-7.0M1.1528.33N/AN/A51,00358,588275,537401,159
2015-01-09$130.92$127.0015.1%4.2%16.3%51.3%15.5%-1.5%0.3%39.4M-1.39B-6.3M1.0426.01N/AN/A43,98545,901273,679420,153
2015-01-12$131.88$127.0016.2%4.6%16.4%60.8%16.7%-2.3%-0.2%73.1M-1.57B-6.1M0.9619.34N/AN/A48,71746,965265,725401,785
2015-01-13$131.60$128.0015.8%4.4%15.9%57.5%16.2%-1.8%-0.4%68.6M-1.51B-7.1M0.9624.04N/AN/A38,80537,378284,870412,761
2015-01-14$132.71$128.0016.4%4.5%15.9%62.3%15.6%-1.8%-0.6%88.9M-1.74B-6.5M3.0716.60N/AN/A41,816128,359278,056417,139
2015-01-15$134.85$128.0017.7%5.0%16.2%73.0%17.3%-1.5%-0.5%77.6M-2.00B-6.8M1.2713.07N/AN/A33,30442,190281,641464,757
2015-01-16$133.19$128.0017.2%4.8%16.5%68.9%17.5%-2.4%-0.5%22.5M-1.57B-7.1M0.9713.18N/AN/A32,73531,723285,717477,730
2015-01-20$134.96$129.0018.0%5.2%15.6%75.7%18.1%-2.1%-0.6%19.5M-1.35B-6.4M1.2914.36N/AN/A23,88030,841215,517323,432
2015-01-21$133.40$130.0016.4%4.7%16.4%62.2%16.5%-1.5%-0.4%-13.4M-994.3M-7.1M1.3114.74N/AN/A30,17539,642225,830343,009
2015-01-22$132.97$130.0015.6%4.5%16.5%54.9%15.9%-1.5%-0.2%-46.5M-927.5M-7.4M0.7219.02N/AN/A49,69335,564233,527353,977
2015-01-23$134.82$130.0016.5%4.8%15.2%62.3%16.7%-1.6%-0.3%108.1M-1.53B-7.6M1.3615.98N/AN/A33,70345,874259,828365,587
2015-01-26$134.36$130.0015.8%4.6%15.4%56.5%16.1%-1.4%0.1%24.9M-1.29B-7.1M1.1115.84N/AN/A15,91317,740241,860348,015
2015-01-27$134.57$130.0015.3%4.5%15.4%52.2%16.5%-1.4%0.4%22.9M-1.36B-6.7M1.0213.20N/AN/A37,97638,878245,793355,399
2015-01-28$136.78$130.0015.8%4.7%16.0%56.3%16.7%-1.6%0.4%76.0M-1.71B-7.4M1.2414.52N/AN/A41,63151,429267,158381,190
2015-01-29$135.80$131.0015.3%4.4%16.5%52.1%15.8%-1.3%0.5%58.8M-1.41B-6.9M0.9514.98N/AN/A42,33040,185276,975400,361
2015-01-30$138.40$131.0015.7%4.6%17.3%55.2%15.7%-1.3%0.3%117.9M-2.14B-7.1M1.7211.73N/AN/A98,323169,544295,002411,754