TLT Options History — September 2015

In September 2015, TLT traded between $118.84 and $124.01. ATM implied volatility averaged 15.2%, placing in the 46.3% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 0.2% (HV 20d: 15.4%). Max pain ranged from $121.00 to $123.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.15.

Notable Days

  • 2015-09-18: Highest Volume — 242,735 contracts
  • 2015-09-17: Largest IV drop — 7.5% change
  • 2015-09-01: Highest IV Rank — 61.9%
  • 2015-09-01: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.56$118.84$124.01$121.90$123.57
Max Pain$121.71$121.00$123.00$123.00$121.00
ATM IV15.2%13.9%16.8%16.8%14.8%
Expected Move4.3%4.0%5.0%5.0%4.1%
HV 20d15.4%13.5%17.8%15.2%16.8%
HV 60d15.8%15.2%16.4%16.1%15.2%
IV Rank46.3%34.3%61.9%61.9%42.5%
IV Percentile59.4%38.1%92.9%92.9%47.6%
Term Structure-0.0%-0.6%0.6%-0.4%0.6%
VWIV15.3%14.1%17.5%17.5%14.4%
Skew 25d-0.1%-0.9%0.7%0.4%-0.6%
Skew 10d0.1%-1.1%1.2%0.4%0.2%
Call IV 25d15.4%14.3%16.8%16.8%15.2%
Put IV 25d15.4%14.0%17.2%17.2%14.6%
Bid-Ask Spread %19.507.6847.5347.5310.55
Gamma HHI0.120.080.270.090.09
Net GEX-44.0M-373.6M340.6M-86.7M236.0M
Net DEX379.6M-1.61B2.60B669.5M-1.56B
Net VEX-11.0M-13.0M-9.4M-12.8M-10.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.481.871.471.55
Total Volume88,106.90538,175242,73577,08455,035
Total OI1,109,291.667916,2031,399,0441,165,927968,022

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-09-01$121.90$123.0016.8%5.0%15.2%61.9%17.5%0.4%-0.4%-86.7M669.5M-12.8M1.4747.53N/AN/A31,18745,897517,940647,987
2015-09-02$121.06$123.0016.6%4.7%15.1%59.8%16.8%0.3%-0.3%-158.3M1.33B-13.0M1.8542.14N/AN/A24,27144,850524,100663,843
2015-09-03$121.50$122.0016.1%4.4%14.8%54.6%15.7%0.7%-0.4%-134.0M1.10B-12.6M1.1834.59N/AN/A29,60535,075526,606676,181
2015-09-04$122.63$122.0015.5%4.3%14.4%49.2%15.2%0.4%-0.3%-43.0M226.3M-12.2M1.1937.28N/AN/A31,24837,073529,772688,891
2015-09-08$120.87$123.0015.6%4.5%14.6%50.0%15.6%0.4%-0.0%-201.4M1.37B-11.4M1.8723.84N/AN/A15,25228,477507,622667,935
2015-09-09$121.44$122.0015.8%4.4%13.5%52.1%15.9%0.6%-0.3%-186.0M1.08B-11.4M1.1922.34N/AN/A22,28626,622510,397678,424
2015-09-10$120.69$122.0015.4%4.3%13.5%48.5%15.2%0.2%-0.4%-265.8M1.51B-10.9M1.0327.09N/AN/A25,83626,605511,989678,438
2015-09-11$121.35$122.0015.1%4.2%13.7%45.4%14.8%-0.2%-0.5%-153.7M972.4M-10.4M0.8914.90N/AN/A31,18027,630512,025676,088
2015-09-14$121.61$122.0015.0%4.3%13.7%45.2%15.3%-0.1%-0.4%-140.1M727.9M-9.8M0.837.68N/AN/A20,84617,329496,600650,854
2015-09-15$119.25$122.0015.6%4.4%15.0%50.2%15.7%0.0%-0.6%-292.9M2.29B-9.4M1.2912.75N/AN/A60,74178,593506,327654,917
2015-09-16$118.84$122.0015.5%4.4%14.9%49.3%16.3%-0.2%-0.4%-318.5M2.60B-9.8M1.009.61N/AN/A37,19937,052546,286685,695
2015-09-17$120.26$122.0014.3%4.1%15.2%38.5%14.6%0.0%-0.0%-373.6M1.62B-9.6M0.4822.42N/AN/A162,02977,836547,939703,804
2015-09-18$122.11$121.0014.2%4.1%15.8%37.7%14.6%-0.4%-0.2%340.6M-674.4M-10.8M0.9215.13N/AN/A126,622116,113667,687731,357
2015-09-21$120.12$121.0013.9%4.0%16.5%34.3%14.1%-0.3%0.3%20.7M268.6M-10.6M1.2511.64N/AN/A36,29545,492453,762462,441
2015-09-22$122.10$121.0014.1%4.1%17.8%36.5%14.5%-0.4%0.4%136.7M-834.5M-10.9M0.8010.17N/AN/A42,32133,693462,893471,730
2015-09-23$121.80$121.0014.2%4.1%16.8%37.5%14.5%-0.1%0.4%104.1M-438.2M-11.1M1.5912.32N/AN/A27,44043,532457,560485,862
2015-09-24$122.55$121.0014.5%4.2%15.8%39.9%14.9%-0.5%0.4%143.7M-915.7M-10.8M1.2512.26N/AN/A49,26561,768464,807490,258
2015-09-25$121.59$121.0014.5%4.1%16.0%39.9%14.5%-0.2%0.4%72.1M-282.1M-11.1M1.2311.72N/AN/A33,72941,520473,118499,209
2015-09-28$123.52$121.0015.3%4.5%17.0%47.4%15.5%-0.9%0.4%178.2M-1.48B-10.5M0.6111.38N/AN/A66,34540,208457,853474,015
2015-09-29$124.01$121.0015.8%4.5%16.8%52.4%15.6%-0.7%0.2%197.2M-1.61B-11.1M0.7312.10N/AN/A32,46723,681482,106481,785
2015-09-30$123.57$121.0014.8%4.1%16.8%42.5%14.4%-0.6%0.6%236.0M-1.56B-10.3M1.5510.55N/AN/A21,56633,469485,387482,635