TLT Options History — April 2015

In April 2015, TLT traded between $125.71 and $132.18. ATM implied volatility averaged 13.8%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 0.4% (HV 20d: 14.3%). Max pain ranged from $130.00 to $132.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.21.

Notable Days

  • 2015-04-29: Highest Volume — 129,292 contracts
  • 2015-04-24: Largest IV drop — 5.4% change
  • 2015-04-01: Highest IV Rank — 56.5%
  • 2015-04-01: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.53$125.71$132.18$132.18$125.95
Max Pain$130.10$130.00$132.00$132.00$130.00
ATM IV13.8%12.6%15.9%15.9%13.8%
Expected Move4.0%3.7%4.6%4.6%4.3%
HV 20d14.3%12.5%16.8%16.2%13.0%
HV 60d16.1%14.9%17.0%17.0%14.9%
IV Rank38.6%28.1%56.5%56.5%38.1%
IV Percentile71.0%61.1%90.1%90.1%70.6%
Term Structure-0.1%-0.3%0.6%-0.3%0.6%
VWIV14.2%13.1%16.1%16.1%15.0%
Skew 25d-0.4%-0.9%0.3%-0.5%0.2%
Skew 10d-0.5%-1.5%1.7%-1.1%1.7%
Call IV 25d14.2%13.2%16.1%16.1%13.9%
Put IV 25d13.8%12.7%15.6%15.6%14.1%
Bid-Ask Spread %13.636.6449.4549.4512.80
Gamma HHI0.070.050.220.060.06
Net GEX-11.2M-120.3M186.0M80.8M-78.5M
Net DEX-110.1M-895.1M865.3M-895.1M744.1M
Net VEX-9.1M-10.0M-8.1M-9.1M-9.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.692.250.931.25
Total Volume72,011.14333,419129,29266,970114,350
Total OI683,739.143592,679771,546678,090693,233

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$132.18$132.0015.9%4.6%16.2%56.5%16.1%-0.5%-0.3%80.8M-895.1M-9.1M0.9349.45N/AN/A34,74632,224309,378368,712
2015-04-02$130.75$130.0015.5%4.4%16.8%52.6%14.8%-0.4%-0.2%31.5M-446.1M-10.0M0.699.85N/AN/A54,66737,573322,470378,528
2015-04-06$129.97$130.0014.9%4.2%14.8%47.5%14.6%-0.4%-0.3%19.5M-209.6M-9.5M1.3917.52N/AN/A36,35750,597328,843357,773
2015-04-07$131.18$130.0014.9%4.2%14.9%48.0%15.0%-0.9%-0.3%66.1M-590.7M-9.2M0.7311.86N/AN/A36,17426,300328,987378,100
2015-04-08$131.13$130.0014.3%4.1%14.4%42.5%14.3%-0.8%-0.2%75.1M-558.5M-9.4M0.8211.95N/AN/A18,37015,049342,476383,115
2015-04-09$129.40$130.0014.0%4.0%15.2%39.6%14.0%-0.5%-0.2%-63.4M110.2M-9.3M1.3726.01N/AN/A27,33737,494348,876388,628
2015-04-10$129.62$130.0013.8%3.9%15.2%37.8%14.1%-0.1%-0.1%-72.4M27.3M-9.3M1.768.75N/AN/A33,80059,456351,547400,958
2015-04-13$129.85$130.0014.0%4.0%15.1%39.4%14.3%-0.4%-0.0%-40.5M-66.4M-8.3M1.196.64N/AN/A17,33420,605316,173381,173
2015-04-14$130.72$130.0013.7%3.9%14.9%37.0%13.9%-0.4%-0.2%5.5M-401.7M-8.8M1.079.82N/AN/A39,52042,143318,295385,280
2015-04-15$130.57$130.0013.3%3.8%14.7%34.0%13.7%-0.4%-0.2%-3.0M-315.0M-8.9M1.828.53N/AN/A19,87236,162325,380403,127
2015-04-16$130.18$130.0013.4%3.9%13.0%34.6%13.5%-0.2%-0.3%-41.5M-157.2M-8.1M2.2511.58N/AN/A33,64675,577328,319409,379
2015-04-17$131.48$130.0013.8%4.0%13.4%37.8%14.1%-0.5%-0.3%186.0M-628.8M-9.4M0.9810.83N/AN/A42,30941,284339,562431,984
2015-04-20$130.37$130.0013.6%4.0%13.6%36.2%14.0%-0.8%-0.3%5.1M-398.1M-9.2M1.0610.86N/AN/A29,05030,798280,998311,681
2015-04-21$129.73$130.0013.3%3.9%13.7%33.8%13.7%-0.7%-0.3%-17.0M-218.7M-9.4M1.118.53N/AN/A21,59823,963289,320322,713
2015-04-22$127.58$130.0013.4%3.9%14.2%34.7%14.0%-0.2%-0.3%-79.2M438.7M-9.4M1.0310.77N/AN/A35,55336,583292,234326,041
2015-04-23$128.21$130.0013.4%3.9%14.2%34.4%13.9%-0.4%-0.2%-71.8M208.5M-9.4M1.3911.25N/AN/A26,78337,279301,821333,040
2015-04-24$129.00$130.0012.6%3.7%13.4%28.1%13.1%-0.5%-0.2%-49.2M-78.4M-9.2M1.0912.41N/AN/A27,78030,154310,887342,582
2015-04-27$129.17$130.0013.0%3.9%12.5%31.1%13.8%-0.3%0.6%1.0M-147.7M-8.7M1.259.37N/AN/A17,58221,974300,437329,963
2015-04-28$127.35$130.0013.1%3.9%13.3%32.2%14.2%-0.1%0.6%-68.5M406.4M-8.6M1.1412.60N/AN/A28,48132,418303,728336,234
2015-04-29$125.71$130.0013.4%4.1%13.9%34.2%14.7%0.3%0.6%-120.3M865.3M-9.2M1.1514.86N/AN/A60,03569,257311,929344,618
2015-04-30$125.95$130.0013.8%4.3%13.0%38.1%15.0%0.2%0.6%-78.5M744.1M-9.6M1.2512.80N/AN/A50,92563,425333,202360,031