TLT Options History — October 2018

In October 2018, TLT traded between $112.66 and $116.94. ATM implied volatility averaged 10.6%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded below realized volatility by 0.0% (HV 20d: 10.6%). Max pain ranged from $115.00 to $119.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.82.

Notable Days

2018-10-03: Highest Volume — 301,359 contracts
2018-10-04: Largest IV spike — 16.2% change
2018-10-08: Highest IV Rank — 59.6%
2018-10-10: Largest Expected Move — 3.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$114.31	$112.66	$116.94	$116.21	$113.46
Max Pain	$116.35	$115.00	$119.00	$119.00	$116.00
ATM IV	10.6%	8.9%	12.4%	8.9%	10.8%
Expected Move	3.1%	2.5%	3.5%	2.6%	3.2%
HV 20d	10.6%	8.2%	11.9%	8.2%	9.1%
HV 60d	9.0%	8.1%	9.7%	8.1%	9.0%
IV Rank	35.7%	13.8%	59.6%	13.8%	38.0%
IV Percentile	79.2%	27.8%	97.2%	27.8%	85.3%
Term Structure	-0.1%	-0.6%	0.5%	0.0%	0.1%
VWIV	10.8%	8.6%	12.9%	8.9%	11.6%
Skew 25d	1.0%	0.1%	2.1%	0.7%	0.1%
Skew 10d	1.9%	0.3%	4.2%	1.2%	0.3%
Call IV 25d	10.4%	8.7%	11.5%	8.7%	10.7%
Put IV 25d	11.4%	9.3%	13.6%	9.4%	10.9%
Bid-Ask Spread %	9.67	4.97	20.51	5.13	10.89
Gamma HHI	0.08	0.05	0.19	0.10	0.06
Net GEX	-72.3M	-226.4M	81.9M	-128.3M	-46.8M
Net DEX	2.41B	1.29B	3.98B	2.18B	2.56B
Net VEX	-16.0M	-18.1M	-14.5M	-17.2M	-14.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.38	1.27	0.78	0.39
Total Volume	101,587.957	50,620	301,359	70,686	87,020
Total OI	1,307,288.217	1,139,396	1,428,455	1,139,396	1,348,074

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-10-01	$116.21	$119.00	8.9%	2.6%	8.2%	13.8%	8.9%	0.7%	0.0%	-128.3M	2.18B	-17.2M	0.78	5.13	N/A	N/A	39,814	30,872	567,321	572,075
2018-10-02	$116.94	$119.00	8.9%	2.5%	8.4%	13.9%	8.6%	0.4%	0.1%	-73.4M	1.62B	-17.2M	1.05	8.31	N/A	N/A	26,980	28,398	574,779	578,140
2018-10-03	$114.91	$119.00	10.0%	2.9%	10.2%	27.6%	10.2%	1.4%	0.1%	-226.4M	3.05B	-15.1M	0.85	12.66	N/A	N/A	162,725	138,634	574,523	582,219
2018-10-04	$114.18	$117.00	11.6%	3.2%	10.0%	49.2%	11.0%	1.9%	0.0%	-200.0M	3.27B	-16.1M	0.84	6.18	N/A	N/A	99,260	83,624	639,457	609,224
2018-10-05	$113.07	$117.00	11.8%	3.3%	10.1%	51.0%	11.1%	2.1%	-0.1%	-196.6M	3.98B	-15.1M	0.88	17.70	N/A	N/A	66,461	58,501	701,847	633,865
2018-10-08	$112.66	$117.00	12.4%	3.4%	9.9%	59.6%	12.9%	2.1%	-0.6%	-123.4M	3.84B	-14.9M	0.96	10.53	N/A	N/A	44,018	42,290	705,740	625,135
2018-10-09	$113.72	$117.00	11.4%	3.2%	10.6%	45.8%	11.2%	2.0%	-0.2%	-92.3M	3.05B	-16.3M	1.03	7.87	N/A	N/A	69,106	71,451	731,815	627,441
2018-10-10	$113.36	$116.00	11.8%	3.5%	10.5%	52.2%	11.9%	2.1%	0.5%	-56.2M	2.95B	-16.6M	0.70	14.03	N/A	N/A	91,223	63,601	778,855	621,296
2018-10-11	$114.91	$116.00	11.6%	3.3%	11.9%	49.0%	11.5%	1.1%	-0.3%	15.8M	1.66B	-18.1M	0.42	20.51	N/A	N/A	79,364	33,435	776,232	626,184
2018-10-12	$114.71	$116.00	10.6%	3.0%	11.9%	35.8%	10.5%	1.1%	-0.5%	-27.6M	1.85B	-17.4M	0.38	12.25	N/A	N/A	59,882	22,729	776,817	628,843
2018-10-15	$114.39	$116.00	10.2%	2.9%	11.9%	30.7%	10.4%	0.9%	-0.3%	-31.2M	2.21B	-16.8M	0.72	5.73	N/A	N/A	32,414	23,308	752,474	617,412
2018-10-16	$114.65	$116.00	9.7%	2.8%	11.3%	24.3%	10.1%	1.1%	-0.1%	-12.6M	2.13B	-16.5M	0.90	4.97	N/A	N/A	28,416	25,702	766,982	628,056
2018-10-17	$114.10	$116.00	10.1%	2.9%	11.3%	28.9%	10.0%	1.3%	-0.4%	-70.4M	2.64B	-15.5M	1.07	5.23	N/A	N/A	28,607	30,671	771,470	628,035
2018-10-18	$113.96	$116.00	10.4%	3.0%	11.1%	33.0%	10.6%	1.1%	-0.3%	-71.9M	2.61B	-16.0M	1.27	9.26	N/A	N/A	36,354	46,007	778,678	634,661
2018-10-19	$113.67	$116.00	10.2%	2.9%	11.1%	30.4%	10.4%	1.1%	-0.2%	-79.8M	2.98B	-15.0M	1.02	5.80	N/A	N/A	41,699	42,711	789,256	639,199
2018-10-22	$113.57	$115.00	10.2%	3.0%	11.1%	30.2%	10.4%	1.1%	0.1%	-81.7M	2.41B	-14.9M	0.90	5.97	N/A	N/A	28,219	25,478	632,447	559,263
2018-10-23	$113.88	$115.00	10.2%	3.0%	11.2%	29.9%	10.5%	0.1%	0.1%	-59.3M	2.20B	-15.1M	0.89	19.48	N/A	N/A	49,402	43,755	647,293	561,680
2018-10-24	$114.43	$115.00	10.8%	3.2%	11.1%	38.2%	11.5%	0.2%	-0.1%	-2.9M	1.68B	-16.6M	0.73	7.45	N/A	N/A	48,071	35,008	672,413	571,754
2018-10-25	$114.30	$116.00	10.0%	3.0%	11.1%	28.3%	10.8%	0.4%	0.0%	-37.2M	1.96B	-15.4M	0.72	6.10	N/A	N/A	29,406	21,214	700,207	582,087
2018-10-26	$114.99	$115.00	10.4%	3.2%	11.4%	33.7%	11.4%	0.1%	0.1%	-169.9M	1.29B	-16.8M	0.50	8.17	N/A	N/A	69,768	34,685	713,219	581,669
2018-10-29	$114.99	$115.00	10.7%	3.3%	10.9%	37.3%	11.9%	0.1%	0.1%	81.9M	1.40B	-16.1M	0.72	9.21	N/A	N/A	69,704	50,512	698,564	559,414
2018-10-30	$114.15	$116.00	11.0%	3.4%	10.8%	40.6%	12.0%	0.3%	-0.0%	27.9M	1.97B	-15.1M	1.08	9.03	N/A	N/A	46,171	49,853	737,049	564,465
2018-10-31	$113.46	$116.00	10.8%	3.2%	9.1%	38.0%	11.6%	0.1%	0.1%	-46.8M	2.56B	-14.5M	0.39	10.89	N/A	N/A	62,402	24,618	756,554	591,520