TLT Options History — June 2015

In June 2015, TLT traded between $115.21 and $121.18. ATM implied volatility averaged 15.7%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 2.2% (HV 20d: 18.0%). Max pain ranged from $119.00 to $123.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.08.

Notable Days

  • 2015-06-03: Highest Volume — 166,204 contracts
  • 2015-06-29: Largest IV spike — 10.7% change
  • 2015-06-29: Highest IV Rank — 70.6%
  • 2015-06-29: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.70$115.21$121.18$121.18$117.47
Max Pain$120.16$119.00$123.00$123.00$119.00
ATM IV15.7%15.0%17.6%15.9%17.3%
Expected Move4.6%4.3%5.5%4.7%5.3%
HV 20d18.0%16.4%19.7%18.6%19.0%
HV 60d16.4%16.1%17.1%16.4%17.1%
IV Rank54.8%48.6%70.6%56.2%68.0%
IV Percentile79.0%66.7%98.8%85.3%98.4%
Term Structure-0.1%-0.5%0.3%-0.3%0.1%
VWIV16.3%15.2%19.4%16.6%18.9%
Skew 25d0.4%-0.2%1.1%0.4%-0.2%
Skew 10d0.8%-1.3%1.8%0.7%-1.3%
Call IV 25d15.8%15.1%18.0%16.0%17.7%
Put IV 25d16.3%15.5%17.9%16.4%17.5%
Bid-Ask Spread %13.108.0337.9318.4637.93
Gamma HHI0.060.040.090.050.05
Net GEX-108.6M-239.4M-28.5M-28.5M-59.7M
Net DEX1.37B329.9M2.71B626.3M585.7M
Net VEX-10.6M-12.4M-9.4M-12.4M-10.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.561.820.781.69
Total Volume86,097.63645,393166,20482,99469,631
Total OI969,812702,4511,132,9671,012,746794,885

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-06-01$121.18$123.0015.9%4.7%18.6%56.2%16.6%0.4%-0.3%-28.5M626.3M-12.4M0.7818.46N/AN/A46,54736,447504,541508,205
2015-06-02$119.44$123.0016.2%4.7%19.0%58.8%16.8%0.4%-0.5%-106.9M1.38B-11.9M0.9516.30N/AN/A48,16345,970505,769514,443
2015-06-03$117.50$122.5016.3%4.9%19.7%59.9%17.4%0.8%-0.4%-177.2M2.13B-11.3M1.0716.71N/AN/A80,14686,058503,319527,687
2015-06-04$118.94$121.0016.3%4.6%19.6%59.8%15.9%0.7%-0.5%-94.5M1.33B-12.2M0.8714.49N/AN/A67,19658,596538,902551,514
2015-06-05$117.65$121.0015.4%4.3%19.3%51.9%15.3%0.5%-0.3%-239.4M2.01B-11.6M1.1210.18N/AN/A45,43550,946559,907573,060
2015-06-08$117.50$121.0015.5%4.5%19.2%53.3%15.9%1.0%0.3%-145.9M1.92B-10.8M0.938.03N/AN/A25,04823,362507,518538,491
2015-06-09$116.52$120.0015.6%4.4%17.5%54.0%15.6%0.8%-0.0%-184.0M2.32B-10.9M1.749.78N/AN/A35,57061,771513,596543,871
2015-06-10$115.50$120.0016.0%4.6%17.6%57.0%16.2%1.1%-0.0%-195.7M2.71B-10.1M1.1011.09N/AN/A45,18249,666525,139554,612
2015-06-11$117.88$120.0015.2%4.3%19.0%50.4%15.4%0.4%-0.1%-104.0M1.55B-10.9M1.0910.59N/AN/A47,54051,600542,106559,273
2015-06-12$117.84$120.0015.3%4.4%19.0%51.1%15.6%0.2%-0.0%-113.9M1.55B-11.0M0.7110.01N/AN/A45,73432,457546,987565,504
2015-06-15$118.15$120.0015.5%4.4%17.4%53.2%15.7%0.4%-0.3%-98.0M1.31B-10.6M1.418.91N/AN/A27,64639,038522,726533,463
2015-06-16$118.99$120.0015.3%4.4%16.6%51.2%15.9%0.3%0.0%-66.0M954.1M-10.3M1.828.28N/AN/A30,62055,798523,196538,546
2015-06-17$118.20$120.0015.1%4.3%16.5%49.2%15.2%0.4%-0.2%-91.3M1.42B-10.0M0.5818.04N/AN/A84,84049,035518,217538,909
2015-06-18$117.51$120.0015.0%4.3%16.6%48.6%15.4%0.5%-0.3%-89.8M1.66B-9.9M0.8811.50N/AN/A38,88734,223551,993539,906
2015-06-19$119.04$119.0015.3%4.4%16.5%50.3%15.9%0.3%-0.3%-35.2M788.6M-10.4M0.7112.48N/AN/A42,80830,191557,417542,066
2015-06-22$117.00$119.0015.4%4.5%17.6%51.4%15.9%0.4%0.1%-53.9M902.3M-9.7M1.009.29N/AN/A22,73322,660328,738373,713
2015-06-23$115.95$119.0015.4%4.5%16.4%51.6%15.8%0.6%0.2%-90.8M1.25B-9.4M1.6310.21N/AN/A25,75941,911334,691385,029
2015-06-24$117.01$119.0015.2%4.5%16.8%49.6%16.0%0.3%0.0%-84.4M876.8M-10.0M0.5611.07N/AN/A36,27320,478339,537403,497
2015-06-25$116.58$119.0015.7%4.7%16.8%54.0%16.5%0.1%-0.1%-99.7M1.01B-10.1M1.3413.25N/AN/A22,62830,420354,487406,845
2015-06-26$115.21$119.0015.9%4.7%17.1%55.8%16.7%0.1%-0.1%-178.5M1.52B-9.7M0.969.06N/AN/A53,67251,576360,714421,331
2015-06-29$118.24$119.0017.6%5.5%19.5%70.6%19.4%-0.1%0.0%-51.0M329.9M-10.7M0.7912.48N/AN/A44,62635,261360,318421,196
2015-06-30$117.47$119.0017.3%5.3%19.0%68.0%18.9%-0.2%0.1%-59.7M585.7M-10.1M1.6937.93N/AN/A25,86243,769364,364430,521