TLT Options History — July 2015

In July 2015, TLT traded between $115.70 and $122.66. ATM implied volatility averaged 14.9%, placing in the 45.7% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 3.7% (HV 20d: 18.6%). Max pain ranged from $118.00 to $121.50. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2015-07-27: Highest Volume — 231,426 contracts
  • 2015-07-29: Largest IV drop — 5.1% change
  • 2015-07-08: Highest IV Rank — 68.8%
  • 2015-07-01: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$118.94$115.70$122.66$115.74$122.66
Max Pain$118.77$118.00$121.50$119.00$121.50
ATM IV14.9%13.0%17.4%16.7%13.2%
Expected Move4.2%3.6%5.1%5.1%3.8%
HV 20d18.6%14.7%20.3%18.8%14.8%
HV 60d18.0%17.2%18.4%17.2%17.6%
IV Rank45.7%25.8%68.8%63.1%28.1%
IV Percentile65.4%37.7%98.4%96.4%40.5%
Term Structure0.0%-0.6%0.8%0.3%0.7%
VWIV15.1%12.8%18.3%18.3%13.2%
Skew 25d-0.1%-0.4%0.3%0.2%-0.2%
Skew 10d-0.3%-1.2%1.1%0.4%-0.7%
Call IV 25d15.3%13.2%17.9%16.9%13.5%
Put IV 25d15.2%13.0%17.5%17.1%13.3%
Bid-Ask Spread %16.967.5029.5226.8624.03
Gamma HHI0.060.040.100.060.09
Net GEX18.1M-158.9M122.6M-158.9M97.8M
Net DEX15.1M-1.22B1.27B1.27B-1.22B
Net VEX-10.1M-12.3M-9.1M-9.8M-12.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.541.870.891.40
Total Volume91,047.45553,505231,42653,505128,162
Total OI836,200.364743,0681,032,019813,3051,032,019

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-07-01$115.74$119.0016.7%5.1%18.8%63.1%18.3%0.2%0.3%-158.9M1.27B-9.8M0.8926.86N/AN/A28,28525,220368,353444,952
2015-07-02$116.06$119.0017.0%5.1%18.3%65.0%18.2%-0.1%0.0%-119.8M1.07B-9.8M1.0925.91N/AN/A34,00536,919380,817449,182
2015-07-06$118.11$118.0017.1%4.7%19.0%66.0%16.9%-0.1%-0.6%-15.9M337.0M-9.7M0.7725.48N/AN/A55,72042,915361,931401,405
2015-07-07$119.26$118.0016.9%4.7%19.3%64.5%16.7%-0.4%-0.4%32.8M-151.5M-9.8M0.6920.64N/AN/A67,87747,155370,299403,717
2015-07-08$120.28$118.0017.4%4.8%19.2%68.8%17.1%-0.4%-0.3%68.6M-485.4M-10.2M0.5422.68N/AN/A40,36621,640385,559408,138
2015-07-09$117.98$118.0017.0%4.7%20.3%65.5%16.8%-0.3%-0.4%7.8M348.1M-10.1M0.8026.71N/AN/A40,24032,309390,925412,058
2015-07-10$115.89$118.0017.0%4.7%20.0%65.6%16.8%-0.1%-0.5%-97.3M1.18B-9.7M0.6512.96N/AN/A67,94343,914398,734418,483
2015-07-13$115.70$118.0016.3%4.5%20.0%59.2%16.2%0.2%-0.3%-98.9M1.11B-9.3M1.2412.52N/AN/A34,59442,764393,984402,324
2015-07-14$116.08$118.0015.6%4.4%20.0%52.7%15.7%0.1%-0.4%-77.4M963.4M-9.1M1.137.50N/AN/A26,91430,452401,814407,178
2015-07-15$117.30$118.0015.2%4.3%20.2%49.2%15.3%-0.2%-0.1%-31.7M489.4M-9.5M1.257.93N/AN/A45,06356,387403,774421,268
2015-07-16$118.11$118.0014.5%4.1%20.3%43.2%14.5%-0.3%-0.3%19.4M150.0M-9.6M1.418.21N/AN/A33,74347,610418,648439,991
2015-07-17$118.73$118.0013.9%3.9%20.2%35.6%14.0%-0.1%-0.4%32.2M-46.4M-9.6M0.778.37N/AN/A59,74846,083422,321453,545
2015-07-20$118.21$118.0014.1%4.0%19.7%37.5%14.3%0.3%-0.1%26.3M134.1M-9.5M0.7914.02N/AN/A34,58627,261368,455374,613
2015-07-21$118.79$118.0013.5%3.9%18.8%32.1%13.8%0.3%0.1%42.3M-31.8M-9.6M0.5613.65N/AN/A38,05421,337378,231387,689
2015-07-22$119.57$118.0013.2%3.8%18.5%29.2%13.5%0.1%0.1%78.2M-419.1M-9.8M0.9610.57N/AN/A35,89834,509380,237385,777
2015-07-23$121.05$118.0013.3%3.8%18.7%30.0%13.9%0.1%0.1%120.4M-881.4M-9.8M1.2311.73N/AN/A53,20165,339384,699386,976
2015-07-24$121.41$118.0013.5%3.8%18.6%31.9%13.6%-0.2%0.2%122.6M-1.07B-9.8M0.9310.67N/AN/A36,58933,991403,013404,881
2015-07-27$122.03$119.0013.8%4.0%17.9%34.8%14.5%-0.0%0.8%115.5M-976.9M-9.5M1.378.38N/AN/A97,612133,814386,788398,847
2015-07-28$121.23$121.5013.7%3.8%15.9%32.4%14.0%-0.3%0.6%72.9M-597.9M-12.1M1.1616.62N/AN/A46,00753,386456,955495,201
2015-07-29$120.78$121.5013.0%3.6%15.8%25.8%12.8%-0.1%0.6%64.1M-185.0M-12.3M1.8729.52N/AN/A28,49853,399481,551513,124
2015-07-30$121.64$121.5013.0%3.7%14.7%25.9%13.0%-0.4%0.6%98.3M-650.2M-12.2M1.6528.06N/AN/A27,78445,751488,198529,754
2015-07-31$122.66$121.5013.2%3.8%14.8%28.1%13.2%-0.2%0.7%97.8M-1.22B-12.0M1.4024.03N/AN/A53,45074,712495,727536,292