TLT Options History — October 2015

In October 2015, TLT traded between $121.87 and $124.53. ATM implied volatility averaged 13.6%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 0.1% (HV 20d: 13.5%). Max pain ranged from $121.00 to $125.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.28.

Notable Days

  • 2015-10-02: Highest Volume — 149,010 contracts
  • 2015-10-21: Largest IV drop — 4.8% change
  • 2015-10-01: Highest IV Rank — 44.8%
  • 2015-10-01: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.43$121.87$124.53$123.99$122.65
Max Pain$123.68$121.00$125.00$121.00$123.00
ATM IV13.6%12.5%15.0%15.0%12.5%
Expected Move3.9%3.6%4.2%4.2%3.6%
HV 20d13.5%9.7%17.1%16.6%11.2%
HV 60d14.3%14.0%15.1%15.1%14.2%
IV Rank36.5%29.9%44.8%44.8%30.1%
IV Percentile29.0%14.7%50.8%50.8%14.7%
Term Structure0.2%-0.3%1.1%0.5%1.1%
VWIV13.8%12.7%15.0%14.6%12.7%
Skew 25d-0.1%-0.4%0.2%-0.4%-0.1%
Skew 10d0.1%-0.9%1.2%-0.9%0.2%
Call IV 25d13.9%12.5%15.3%15.3%12.5%
Put IV 25d13.8%12.4%15.1%14.9%12.4%
Bid-Ask Spread %13.439.0922.4322.4311.46
Gamma HHI0.130.060.700.090.43
Net GEX93.8M-560.1M802.8M244.3M-560.1M
Net DEX-587.7M-2.01B672.0M-1.73B321.4M
Net VEX-8.5M-10.3M-7.6M-10.3M-7.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.402.510.891.27
Total Volume58,799.04529,694149,01049,17262,231
Total OI869,222.864650,3531,015,810972,164792,352

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$123.99$121.0015.0%4.2%16.6%44.8%14.6%-0.4%0.5%244.3M-1.73B-10.3M0.8922.43N/AN/A25,99523,177483,384488,780
2015-10-02$124.53$121.0014.7%3.8%16.6%42.1%13.6%-0.3%0.7%328.5M-2.01B-9.9M1.3612.36N/AN/A63,01885,992478,424500,027
2015-10-05$122.87$123.0014.7%4.2%17.1%41.7%15.0%-0.3%-0.3%163.3M-825.9M-10.1M1.5214.67N/AN/A19,94930,226468,734517,453
2015-10-06$123.33$124.0014.7%4.1%16.2%41.6%14.7%0.0%-0.1%182.6M-1.01B-10.0M0.8916.41N/AN/A28,68025,425472,073533,169
2015-10-07$123.00$124.0014.6%4.1%16.2%41.2%14.4%0.2%-0.2%183.6M-779.6M-9.5M1.4218.42N/AN/A13,57519,245475,667540,143
2015-10-08$122.01$124.0014.4%4.0%16.3%39.0%14.4%-0.1%-0.2%105.7M-29.9M-9.3M0.9315.00N/AN/A29,82427,659467,727539,862
2015-10-09$122.44$124.0014.0%3.9%16.3%35.2%14.1%-0.3%-0.1%135.8M-341.8M-9.1M0.5611.09N/AN/A33,01118,483464,217545,656
2015-10-12$123.22$124.0013.9%4.0%16.4%35.0%14.2%-0.3%-0.0%189.8M-857.6M-8.5M0.6810.66N/AN/A34,39523,389440,069532,186
2015-10-13$123.36$124.0013.9%3.9%14.6%34.8%14.2%-0.2%-0.2%162.4M-769.2M-8.4M1.3812.40N/AN/A12,49517,199429,076542,887
2015-10-14$124.45$124.0013.5%3.8%14.6%31.1%14.2%-0.0%-0.2%169.4M-1.47B-8.1M1.2212.14N/AN/A35,58643,328432,084545,125
2015-10-15$123.89$124.0013.4%3.8%14.4%29.9%14.2%-0.2%0.0%195.5M-1.12B-8.0M0.5710.64N/AN/A35,01719,831434,826561,910
2015-10-16$123.93$125.0013.3%3.8%13.4%40.1%13.4%-0.3%-0.1%802.8M-985.6M-8.0M0.4011.95N/AN/A42,25817,068440,186569,570
2015-10-19$123.58$125.0013.4%3.8%11.9%41.4%14.3%0.0%-0.1%-4.3M-214.1M-8.0M0.8413.48N/AN/A23,92620,123277,015373,338
2015-10-20$122.86$125.0013.4%3.8%10.7%41.0%13.5%0.0%0.1%-24.6M36.7M-8.0M1.2112.34N/AN/A24,70229,898286,039380,632
2015-10-21$124.02$123.0012.8%3.7%11.2%32.9%13.0%-0.1%0.0%31.2M-374.3M-7.9M2.3011.89N/AN/A18,97143,631298,941396,315
2015-10-22$124.23$123.0012.6%3.6%11.0%30.2%13.1%-0.1%-0.0%44.7M-435.8M-7.7M1.399.09N/AN/A18,26925,302303,675412,120
2015-10-23$123.23$124.0012.6%3.6%11.0%30.9%13.2%-0.1%-0.1%-37.7M-44.5M-7.6M1.2914.24N/AN/A19,26524,884310,995401,329
2015-10-26$124.01$124.0013.0%3.7%9.7%35.6%13.4%-0.2%0.7%36.2M-380.6M-7.7M2.5111.39N/AN/A19,78149,645312,698397,715
2015-10-27$124.28$124.0013.0%3.7%9.7%36.2%13.1%-0.3%0.6%-9.0M-417.5M-7.8M1.7114.30N/AN/A16,12327,613317,332430,711
2015-10-28$123.79$124.0012.9%3.8%9.7%34.4%13.6%0.1%0.9%-47.1M-161.7M-7.7M1.4316.62N/AN/A19,24227,459324,372440,992
2015-10-29$121.87$124.0012.9%3.7%11.1%34.2%13.6%-0.1%0.7%-229.0M672.0M-7.6M2.4712.49N/AN/A28,18669,503321,964441,133
2015-10-30$122.65$123.0012.5%3.6%11.2%30.1%12.7%-0.1%1.1%-560.1M321.4M-7.7M1.2711.46N/AN/A27,40634,825330,159462,193