TLT Options History — August 2016

In August 2016, TLT traded between $137.94 and $140.24. ATM implied volatility averaged 12.5%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 0.5% (HV 20d: 12.0%). Max pain ranged from $139.00 to $140.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.67.

Notable Days

  • 2016-08-26: Highest Volume — 212,231 contracts
  • 2016-08-29: Largest IV drop — 6.1% change
  • 2016-08-02: Highest IV Rank — 34.2%
  • 2016-08-02: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$139.24$137.94$140.24$139.70$139.90
Max Pain$139.17$139.00$140.00$140.00$139.00
ATM IV12.5%11.8%13.7%13.2%12.7%
Expected Move3.5%3.3%3.9%3.8%3.5%
HV 20d12.0%10.6%13.4%13.4%10.6%
HV 60d13.7%13.5%13.9%13.5%13.6%
IV Rank18.3%8.5%34.2%28.0%20.4%
IV Percentile24.6%3.2%55.6%44.0%34.9%
Term Structure-0.0%-0.5%0.5%-0.3%0.3%
VWIV12.4%11.7%13.7%13.2%12.8%
Skew 25d0.3%-0.1%0.6%-0.1%0.6%
Skew 10d0.3%-0.4%1.3%-0.3%1.3%
Call IV 25d12.6%11.7%13.8%13.5%12.6%
Put IV 25d12.8%12.0%13.9%13.4%13.1%
Bid-Ask Spread %4.633.855.913.854.88
Gamma HHI0.060.050.090.050.06
Net GEX-4.1M-161.4M131.2M-16.6M-30.4M
Net DEX-440.7M-1.33B877.7M-469.5M-667.0M
Net VEX-17.3M-19.1M-15.2M-16.8M-17.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.670.693.301.201.75
Total Volume108,348.04328,698212,23193,49296,852
Total OI1,402,209.9131,282,4271,559,1381,309,0711,414,318

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-08-01$139.70$140.0013.2%3.8%13.4%28.0%13.2%-0.1%-0.3%-16.6M-469.5M-16.8M1.203.85N/AN/A42,54750,945505,976803,095
2016-08-02$138.36$140.0013.7%3.9%12.8%34.2%13.7%0.1%-0.5%-101.9M314.8M-17.2M2.204.32N/AN/A47,671104,982515,863811,908
2016-08-03$138.60$140.0013.5%3.8%12.8%31.6%13.3%0.1%-0.5%-85.7M181.7M-16.9M1.954.46N/AN/A35,99070,050530,912840,806
2016-08-04$139.38$139.0013.0%3.6%13.0%25.1%12.4%0.1%-0.4%-26.9M-267.1M-17.5M2.074.58N/AN/A33,02268,478538,322857,481
2016-08-05$137.94$140.0012.8%3.6%13.2%22.7%12.6%0.1%-0.4%-161.4M877.7M-18.3M2.214.63N/AN/A31,85670,269544,778871,544
2016-08-08$138.22$139.0012.6%3.6%13.1%20.1%12.4%0.2%-0.1%-62.8M263.0M-17.0M1.694.81N/AN/A35,60560,130527,434825,853
2016-08-09$139.64$139.0012.2%3.5%12.5%13.9%12.0%0.1%-0.0%62.1M-773.1M-15.2M2.034.12N/AN/A29,55359,876538,305829,892
2016-08-10$140.24$139.0012.0%3.5%11.8%12.2%12.1%0.3%0.0%84.4M-1.14B-15.6M2.244.32N/AN/A34,23376,793546,572833,674
2016-08-11$138.81$139.0012.2%3.5%11.4%13.5%12.3%0.2%-0.0%-23.1M-15.6M-16.9M1.604.68N/AN/A34,93056,003554,055860,559
2016-08-12$140.04$139.0011.9%3.4%11.4%10.3%12.1%0.2%-0.0%131.2M-900.7M-16.4M0.704.30N/AN/A110,30477,426563,031877,790
2016-08-15$138.85$139.0012.4%3.6%11.8%17.4%12.4%0.2%0.3%14.7M-286.2M-18.6M1.014.68N/AN/A62,05762,954599,045875,882
2016-08-16$138.41$139.0012.4%3.6%11.7%17.3%12.4%0.3%0.3%-10.6M9.8M-19.1M0.694.70N/AN/A83,33657,743625,214894,886
2016-08-17$139.22$139.0012.2%3.5%11.7%13.9%12.4%0.4%0.4%38.2M-670.2M-18.5M1.095.56N/AN/A18,33319,960633,251906,751
2016-08-18$139.44$139.0012.0%3.4%11.7%12.0%12.1%0.3%0.5%35.8M-824.3M-18.3M1.234.42N/AN/A12,85215,846633,121916,724
2016-08-19$138.72$139.0011.8%3.3%11.8%8.5%11.9%0.2%0.4%-94.5M-243.6M-17.9M0.924.44N/AN/A83,94476,980638,485920,653
2016-08-22$139.81$139.0012.3%3.4%12.1%15.2%12.2%0.3%-0.1%62.8M-1.13B-17.1M0.954.52N/AN/A63,48060,310532,241750,186
2016-08-23$140.08$139.0012.1%3.4%12.1%13.1%12.1%0.2%-0.1%107.5M-1.33B-16.9M0.904.24N/AN/A51,76546,539545,374758,708
2016-08-24$139.70$139.0012.2%3.4%11.6%13.9%11.9%0.3%-0.2%81.2M-1.04B-16.9M2.534.24N/AN/A20,03550,784550,164767,082
2016-08-25$139.06$139.0012.7%3.6%11.7%20.7%12.3%0.4%-0.2%7.7M-425.6M-17.7M1.604.84N/AN/A35,20456,499565,388792,294
2016-08-26$138.48$139.0013.0%3.6%11.3%25.0%12.8%0.4%-0.2%-107.3M101.1M-18.0M3.305.91N/AN/A49,332162,899569,837805,507
2016-08-29$140.11$139.0012.2%3.3%11.2%14.2%11.7%0.4%0.3%23.3M-1.02B-16.8M2.235.25N/AN/A31,28269,853546,032832,203
2016-08-30$139.79$139.0012.4%3.4%10.6%16.4%12.0%0.6%0.3%-22.0M-681.7M-17.7M2.264.70N/AN/A22,27150,232555,654843,978
2016-08-31$139.90$139.0012.7%3.5%10.6%20.4%12.8%0.6%0.3%-30.4M-667.0M-17.7M1.754.88N/AN/A35,25261,600556,644857,674