TLT Options History — August 2015

In August 2015, TLT traded between $121.48 and $126.34. ATM implied volatility averaged 14.8%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.3% (HV 20d: 13.4%). Max pain ranged from $121.00 to $123.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.36.

Notable Days

  • 2015-08-21: Highest Volume — 159,613 contracts
  • 2015-08-20: Largest IV spike — 6.7% change
  • 2015-08-26: Highest IV Rank — 65.4%
  • 2015-08-26: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.68$121.48$126.34$123.55$121.48
Max Pain$122.05$121.00$123.00$121.50$123.00
ATM IV14.8%13.1%17.2%14.1%16.1%
Expected Move4.3%3.7%5.2%4.0%4.7%
HV 20d13.4%10.5%15.8%13.9%15.3%
HV 60d16.7%16.1%17.6%17.5%16.1%
IV Rank42.8%27.1%65.4%36.3%55.2%
IV Percentile61.6%36.9%97.2%50.4%81.3%
Term Structure0.0%-0.8%1.2%-0.1%-0.8%
VWIV15.5%13.2%18.7%14.2%16.7%
Skew 25d0.1%-1.0%0.7%-0.1%0.5%
Skew 10d0.0%-3.2%3.8%-0.1%3.8%
Call IV 25d15.1%13.0%17.7%14.4%16.2%
Put IV 25d15.1%13.4%18.2%14.4%16.6%
Bid-Ask Spread %28.197.3248.3148.3140.03
Gamma HHI0.080.060.160.080.11
Net GEX37.9M-192.6M418.3M97.7M-114.9M
Net DEX-604.7M-2.35B1.15B-1.12B1.08B
Net VEX-12.1M-13.8M-11.1M-12.1M-12.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.422.790.860.69
Total Volume99,387.52461,369159,613103,96093,893
Total OI1,123,242.476967,2641,274,151967,2641,142,500

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-08-03$123.55$121.5014.1%4.0%13.9%36.3%14.2%-0.1%-0.1%97.7M-1.12B-12.1M0.8648.31N/AN/A55,99947,961459,246508,018
2015-08-04$122.56$121.5014.0%3.9%14.1%35.2%13.6%0.2%-0.2%28.6M-406.1M-12.1M2.7938.60N/AN/A21,40559,707433,147540,566
2015-08-05$121.63$122.0013.9%3.7%14.1%34.7%13.2%0.7%-0.3%-33.9M187.6M-12.3M2.507.32N/AN/A19,93949,795440,965559,880
2015-08-06$122.73$121.0013.8%4.1%12.3%33.7%14.3%-0.1%-0.1%26.5M-460.5M-12.0M2.0228.20N/AN/A28,75158,164444,594566,588
2015-08-07$124.35$121.0013.5%4.0%10.5%30.7%16.2%0.2%-0.2%66.1M-1.23B-11.7M2.7227.62N/AN/A37,294101,454452,199592,732
2015-08-10$122.81$121.0013.1%3.9%11.8%27.1%13.9%0.4%0.6%-29.8M-131.9M-11.9M1.3623.49N/AN/A30,27241,132446,029594,757
2015-08-11$124.75$122.0013.4%4.2%12.6%30.0%14.7%-0.1%1.2%55.8M-1.27B-11.1M0.4226.41N/AN/A96,50640,367450,230603,713
2015-08-12$124.06$122.0013.7%4.2%12.8%33.0%14.7%0.0%0.9%72.1M-1.12B-12.1M0.9734.30N/AN/A47,29745,783519,466620,796
2015-08-13$123.70$122.0013.8%4.1%12.8%33.7%14.4%-0.1%0.5%66.9M-798.4M-12.6M0.8937.22N/AN/A40,80836,402534,271634,735
2015-08-14$123.89$122.0013.4%4.0%12.8%29.9%14.8%0.1%0.6%50.2M-1.01B-12.0M1.3229.25N/AN/A32,09842,297535,508638,678
2015-08-17$124.44$122.0013.9%4.0%12.6%34.6%14.5%-0.1%-0.3%111.1M-1.22B-11.3M0.9918.31N/AN/A35,85835,665519,911625,394
2015-08-18$123.51$122.0014.0%4.0%13.0%35.0%14.8%0.2%-0.2%29.5M-506.9M-11.6M1.2412.72N/AN/A46,90458,096534,585642,527
2015-08-19$124.72$122.0014.1%4.0%13.2%36.2%14.6%-0.1%-0.3%178.1M-1.34B-12.1M0.569.56N/AN/A39,22822,141555,336659,581
2015-08-20$126.02$122.0015.0%4.3%13.0%45.1%15.3%-0.3%-0.4%319.3M-2.28B-11.2M2.0111.98N/AN/A40,82382,052566,500667,307
2015-08-21$126.34$122.0015.9%4.6%13.0%53.4%16.3%-0.5%-0.4%418.3M-2.35B-11.9M1.1337.71N/AN/A74,86884,745574,505699,646
2015-08-24$126.29$123.0016.9%4.9%13.0%62.7%17.2%-1.0%-0.5%32.2M-1.56B-11.6M0.8446.19N/AN/A68,55657,564477,842602,195
2015-08-25$124.04$122.0016.8%5.0%14.5%62.0%17.6%-0.3%0.3%-49.0M-319.6M-12.5M1.3034.39N/AN/A54,28870,818502,733618,495
2015-08-26$121.92$123.0017.2%5.2%15.8%65.4%18.7%0.6%0.0%-152.6M1.08B-13.4M1.4027.04N/AN/A53,93075,667521,937659,638
2015-08-27$122.06$123.0017.1%5.0%15.6%63.9%17.7%0.6%0.3%-192.6M1.15B-13.8M1.5626.23N/AN/A34,57354,088526,358690,956
2015-08-28$122.39$123.0016.8%5.0%15.4%61.8%17.2%0.6%0.2%-183.0M921.1M-13.2M0.9327.13N/AN/A36,26433,686531,211692,817
2015-08-31$121.48$123.0016.1%4.7%15.3%55.2%16.7%0.5%-0.8%-114.9M1.08B-12.4M0.6940.03N/AN/A55,47638,417507,824634,676