TLT Options History — January 2019

In January 2019, TLT traded between $119.59 and $123.35. ATM implied volatility averaged 9.8%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 2.8%. IV traded above realized volatility by 0.6% (HV 20d: 9.2%). Max pain ranged from $120.00 to $122.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.06.

Notable Days

  • 2019-01-15: Highest Volume — 150,416 contracts
  • 2019-01-22: Largest IV spike — 11.0% change
  • 2019-01-03: Highest IV Rank — 54.8%
  • 2019-01-03: Largest Expected Move — 3.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.94$119.59$123.35$122.08$121.94
Max Pain$121.19$120.00$122.00$120.00$120.00
ATM IV9.8%8.8%12.0%11.1%9.3%
Expected Move2.8%2.5%3.3%3.1%2.6%
HV 20d9.2%8.0%10.2%9.8%8.4%
HV 60d8.4%8.0%8.7%8.3%8.0%
IV Rank25.4%12.5%54.8%42.9%19.0%
IV Percentile54.9%24.2%95.2%86.1%46.0%
Term Structure-0.0%-0.4%0.9%-0.1%-0.2%
VWIV9.8%9.0%11.7%11.0%9.1%
Skew 25d-0.4%-1.2%0.1%-0.3%-0.3%
Skew 10d-0.4%-1.0%0.4%0.4%-0.8%
Call IV 25d10.2%9.1%13.1%11.7%9.6%
Put IV 25d9.8%8.7%11.9%11.4%9.3%
Bid-Ask Spread %10.695.0722.277.658.46
Gamma HHI0.120.090.170.140.09
Net GEX5.3M-303.4M351.9M300.0M52.3M
Net DEX-921.9M-4.06B1.31B-3.15B-778.6M
Net VEX-11.6M-12.6M-10.9M-12.1M-10.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.192.501.230.93
Total Volume83,846.90510,703150,41672,394143,292
Total OI1,134,677.143722,2841,446,6761,242,217799,119

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$122.08$120.0011.1%3.1%9.8%42.9%11.0%-0.3%-0.1%300.0M-3.15B-12.1M1.237.65N/AN/A32,47039,924690,759551,458
2019-01-03$123.35$121.0012.0%3.3%8.6%54.8%11.7%-1.2%-0.3%351.9M-4.06B-11.8M0.6613.44N/AN/A72,86948,106691,051563,666
2019-01-04$122.09$121.0011.4%3.2%9.7%45.9%11.2%-0.3%-0.3%282.7M-2.97B-12.6M0.8212.95N/AN/A67,97655,708717,918592,597
2019-01-07$121.73$122.0011.0%3.1%9.8%41.2%10.9%-0.6%-0.2%204.0M-2.42B-12.3M0.7411.39N/AN/A6,1574,546708,002599,126
2019-01-08$121.52$122.0010.3%2.9%9.8%32.4%10.7%-0.6%-0.2%173.7M-2.28B-11.8M1.3910.36N/AN/A55,72577,192713,122602,042
2019-01-09$121.16$122.0010.2%2.8%9.8%30.5%10.3%0.1%-0.3%122.0M-1.88B-12.5M0.659.58N/AN/A46,54430,325742,181653,146
2019-01-10$120.38$122.009.8%2.8%10.2%25.6%9.7%-0.3%-0.3%34.7M-966.1M-12.3M1.215.07N/AN/A29,29335,518743,088650,920
2019-01-11$120.76$122.009.4%2.7%10.0%20.1%9.6%-0.6%-0.1%-4.2M-1.22B-12.0M1.089.80N/AN/A45,04348,811742,819659,402
2019-01-14$120.38$122.009.4%2.7%10.1%20.2%9.5%-0.3%-0.0%24.3M-777.4M-11.4M1.076.66N/AN/A35,01737,577708,505651,659
2019-01-15$119.99$121.009.0%2.6%10.1%15.2%9.1%-0.7%-0.4%-47.8M-284.6M-11.3M2.509.98N/AN/A43,016107,400720,609672,497
2019-01-16$120.16$121.009.3%2.7%9.9%18.0%9.4%-0.4%-0.1%-74.1M-388.1M-11.8M1.687.92N/AN/A39,16765,882724,594705,154
2019-01-17$120.17$121.009.5%2.7%9.9%21.2%9.7%-0.3%-0.1%-54.3M-439.2M-11.8M0.5722.27N/AN/A77,35044,357733,974712,702
2019-01-18$119.59$121.008.8%2.5%8.6%12.5%9.2%-0.2%-0.2%-303.4M1.31B-11.2M1.137.37N/AN/A46,11252,084718,475723,847
2019-01-22$120.37$121.009.8%2.9%8.9%25.4%10.2%-0.4%0.4%-148.3M391.6M-11.4M0.5412.30N/AN/A33,54318,266298,553423,731
2019-01-23$120.26$121.009.4%2.7%8.8%20.4%9.3%-0.5%0.4%-174.9M410.7M-11.3M2.019.91N/AN/A33,15066,557319,278431,521
2019-01-24$121.06$121.008.9%2.6%9.0%13.7%9.1%-0.6%0.9%-89.2M-99.1M-11.2M1.2612.73N/AN/A25,85832,546323,006437,009
2019-01-25$120.59$121.008.9%2.6%8.3%13.7%9.0%-0.4%0.6%-120.5M149.6M-11.1M1.069.32N/AN/A34,62836,809331,731430,570
2019-01-28$120.42$121.009.5%2.6%8.4%20.8%9.2%-0.4%-0.3%-186.1M337.1M-10.9M0.1910.07N/AN/A16,1733,123319,358432,219
2019-01-29$120.94$121.009.6%2.6%8.2%22.2%9.2%-0.3%-0.1%-102.2M-110.9M-11.2M1.009.78N/AN/A20,00820,000350,772438,796
2019-01-30$120.90$121.009.2%2.6%8.0%17.6%9.1%-0.2%-0.0%-128.8M-113.2M-11.0M0.4617.58N/AN/A22,30210,361356,747442,497
2019-01-31$121.94$120.009.3%2.6%8.4%19.0%9.1%-0.3%-0.2%52.3M-778.6M-10.9M0.938.46N/AN/A74,41768,875356,875442,244