TLT Options History — July 2016

In July 2016, TLT traded between $138.24 and $143.38. ATM implied volatility averaged 14.3%, placing in the 43.3% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 2.4% (HV 20d: 16.8%). Max pain ranged from $135.00 to $140.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.51.

Notable Days

  • 2016-07-01: Highest Volume — 240,788 contracts
  • 2016-07-08: Largest IV drop — 9.8% change
  • 2016-07-05: Highest IV Rank — 70.8%
  • 2016-07-05: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.33$138.24$143.38$140.59$141.59
Max Pain$138.90$135.00$140.00$138.00$139.00
ATM IV14.3%12.8%16.3%15.2%12.8%
Expected Move4.1%3.6%4.5%4.2%3.6%
HV 20d16.8%12.7%19.4%16.3%13.1%
HV 60d13.3%12.8%13.8%12.8%13.3%
IV Rank43.3%21.7%70.8%54.8%21.7%
IV Percentile67.1%31.0%92.5%84.9%31.0%
Term Structure-0.0%-0.4%0.4%0.2%0.4%
VWIV14.3%12.9%16.0%14.9%12.9%
Skew 25d-0.5%-1.3%-0.0%-1.3%-0.0%
Skew 10d-1.0%-2.5%-0.1%-1.8%-0.1%
Call IV 25d14.8%12.8%17.2%16.0%12.8%
Put IV 25d14.3%12.8%16.0%14.7%12.8%
Bid-Ask Spread %10.513.8231.4025.363.82
Gamma HHI0.060.050.130.070.06
Net GEX55.1M-170.1M291.1M223.2M133.6M
Net DEX-1.62B-4.05B-17.7M-2.97B-2.10B
Net VEX-16.4M-18.0M-14.6M-15.4M-16.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.510.802.520.870.98
Total Volume117,639.449,810240,788240,788120,776
Total OI1,362,241.51,226,1121,509,4011,336,4081,423,045

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-07-01$140.59$138.0015.2%4.2%16.3%54.8%14.9%-1.3%0.2%223.2M-2.97B-15.4M0.8725.36N/AN/A128,879111,909556,970779,438
2016-07-05$142.45$135.0016.3%4.5%16.3%70.8%16.0%-1.2%-0.2%230.1M-3.58B-15.0M0.954.92N/AN/A72,38468,912567,255768,525
2016-07-06$142.48$136.0016.2%4.5%16.4%69.2%15.8%-1.2%-0.2%236.1M-3.59B-15.0M1.246.23N/AN/A54,99368,057578,523784,530
2016-07-07$142.55$137.0016.0%4.4%16.4%66.3%15.6%-0.9%-0.4%213.7M-3.51B-15.5M1.965.94N/AN/A40,51679,590596,487826,319
2016-07-08$143.38$137.0014.4%4.1%16.4%45.0%14.4%-0.7%-0.3%291.1M-4.05B-14.6M2.205.46N/AN/A43,43095,383604,679864,175
2016-07-11$142.29$138.0014.2%4.0%16.8%41.7%14.3%-0.6%-0.1%158.2M-2.95B-16.0M2.5223.20N/AN/A34,44586,637579,069836,456
2016-07-12$140.02$139.0014.2%4.0%18.1%41.5%14.7%-0.5%-0.1%70.7M-1.52B-16.6M1.2028.19N/AN/A71,20485,219584,375861,554
2016-07-13$141.62$140.0014.5%4.1%18.3%45.6%14.8%-0.4%-0.1%109.2M-2.28B-15.6M1.2931.40N/AN/A38,67849,881578,686885,500
2016-07-14$139.68$140.0014.6%4.2%19.2%47.7%14.7%-0.3%-0.2%156.4K-942.3M-17.3M1.4028.40N/AN/A51,91672,792583,162902,838
2016-07-15$138.51$140.0014.4%4.1%19.4%44.3%15.2%-0.2%-0.2%-170.1M-80.0M-17.9M1.584.81N/AN/A65,721103,685587,433921,968
2016-07-18$138.24$140.0013.9%4.0%19.3%37.4%13.0%-0.3%0.1%-114.7M-17.7M-18.0M1.975.38N/AN/A35,30269,485479,513746,599
2016-07-19$139.05$140.0014.3%4.1%18.9%42.9%14.4%-0.4%-0.1%-71.2M-501.2M-17.2M0.984.49N/AN/A38,50037,843483,219759,276
2016-07-20$138.30$140.0013.9%4.0%18.9%37.6%14.1%-0.3%0.0%-110.9M-148.8M-17.1M1.934.89N/AN/A25,50249,338494,128763,754
2016-07-21$138.38$140.0013.7%3.9%18.9%34.7%13.8%-0.3%0.1%-138.5M-67.2M-18.0M2.075.46N/AN/A40,04383,079498,851774,616
2016-07-22$138.80$140.0013.4%3.8%18.1%31.0%13.5%-0.3%0.1%49.2M-377.2M-17.3M2.205.30N/AN/A26,30557,752514,062822,611
2016-07-25$138.68$140.0013.6%3.9%15.7%33.2%13.8%-0.4%0.0%-84.3M-238.2M-17.7M1.524.33N/AN/A19,79630,014489,866797,150
2016-07-26$139.05$140.0013.8%4.0%12.7%36.0%13.9%-0.3%-0.1%-19.2M-633.8M-15.6M1.254.10N/AN/A23,64429,528493,510801,396
2016-07-27$140.51$140.0013.5%3.8%13.3%31.3%13.4%-0.2%0.1%68.4M-1.43B-14.6M0.804.40N/AN/A59,22047,229498,046805,742
2016-07-28$140.46$139.0013.6%3.9%12.9%33.1%13.8%-0.1%0.2%27.6M-1.40B-17.3M1.224.07N/AN/A60,97874,223532,599818,905
2016-07-29$141.59$139.0012.8%3.6%13.1%21.7%12.9%-0.0%0.4%133.6M-2.10B-16.0M0.983.82N/AN/A61,14759,629564,938858,107