TLT Options History — February 2019

In February 2019, TLT traded between $119.99 and $122.42. ATM implied volatility averaged 8.6%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 2.4%. IV traded above realized volatility by 1.0% (HV 20d: 7.6%). Max pain ranged from $120.00 to $121.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.96.

Notable Days

  • 2019-02-01: Highest Volume — 123,488 contracts
  • 2019-02-14: Largest IV drop — 5.0% change
  • 2019-02-28: Highest IV Rank — 18.6%
  • 2019-02-12: Largest Expected Move — 2.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.35$119.99$122.42$120.99$119.99
Max Pain$120.68$120.00$121.00$120.00$121.00
ATM IV8.6%8.1%9.3%8.9%8.8%
Expected Move2.4%2.3%2.6%2.5%2.5%
HV 20d7.6%7.0%8.8%7.8%8.8%
HV 60d8.4%8.2%9.0%8.2%9.0%
IV Rank12.0%4.0%18.6%13.0%18.6%
IV Percentile17.9%0.4%42.9%27.4%28.6%
Term Structure0.0%-0.5%0.4%-0.2%0.1%
VWIV8.6%8.1%9.1%8.7%8.8%
Skew 25d-0.5%-0.8%-0.1%-0.6%-0.1%
Skew 10d-0.8%-1.8%0.5%-1.2%0.5%
Call IV 25d9.1%8.6%9.7%9.5%9.0%
Put IV 25d8.6%8.0%9.3%8.9%8.8%
Bid-Ask Spread %7.404.1911.586.4111.58
Gamma HHI0.130.080.180.080.18
Net GEX-56.8M-245.9M230.4M-84.1M-245.9M
Net DEX-125.9M-1.11B1.00B17.1M1.00B
Net VEX-11.2M-12.5M-10.4M-11.5M-12.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.332.341.210.82
Total Volume58,435.05326,194123,488123,48858,477
Total OI783,965.263644,809860,730813,381798,814

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$120.99$120.008.9%2.5%7.8%13.0%8.7%-0.6%-0.2%-84.1M17.1M-11.5M1.216.41N/AN/A55,83467,654352,535460,846
2019-02-04$120.42$120.009.3%2.5%7.2%17.8%9.0%-0.2%-0.5%-140.5M387.4M-11.5M0.556.77N/AN/A46,87625,719351,023442,828
2019-02-05$120.92$120.009.2%2.5%7.3%16.5%9.0%-0.6%-0.3%-29.1M-163.4M-11.5M0.336.65N/AN/A29,0959,633375,855458,681
2019-02-06$121.03$120.009.0%2.4%7.3%14.9%8.8%-0.3%-0.5%-55.8M-160.2M-11.2M1.137.36N/AN/A14,59616,437365,312462,460
2019-02-07$121.74$121.008.7%2.5%7.5%11.1%8.9%-0.4%0.0%66.0M-736.7M-10.8M2.346.20N/AN/A19,68146,104366,941468,006
2019-02-08$122.42$121.008.9%2.5%7.3%13.1%8.7%-0.4%-0.5%230.4M-1.11B-10.4M0.927.18N/AN/A35,35132,400364,896480,888
2019-02-11$121.92$121.008.7%2.5%7.5%10.4%8.9%-0.5%0.1%42.6M-574.2M-10.8M0.944.85N/AN/A13,49012,704340,479479,796
2019-02-12$121.55$121.009.0%2.6%7.5%18.5%9.1%-0.4%-0.1%-74.8M-205.6M-11.0M1.515.44N/AN/A26,49939,922344,726488,388
2019-02-13$121.15$120.008.6%2.5%7.5%14.2%8.9%-0.5%0.2%-150.5M59.4M-11.1M0.426.31N/AN/A34,53714,670351,878508,852
2019-02-14$121.66$121.008.2%2.3%7.6%5.5%8.2%-0.5%0.1%-46.3M-455.6M-10.9M0.995.15N/AN/A30,57730,246348,517501,496
2019-02-15$121.91$120.008.2%2.3%7.6%5.4%8.4%-0.6%0.2%63.5M-663.2M-10.6M0.724.19N/AN/A31,44022,542352,699506,542
2019-02-19$122.08$121.008.1%2.3%7.3%4.0%8.1%-0.8%0.4%-14.0M-372.1M-10.5M0.487.89N/AN/A36,38417,296251,654393,155
2019-02-20$122.03$121.008.3%2.4%7.0%7.5%8.3%-0.7%0.1%-20.2M-371.3M-11.1M1.228.08N/AN/A15,16518,469270,365402,504
2019-02-21$120.87$121.008.4%2.4%7.9%10.0%8.4%-0.6%0.1%-143.9M250.4M-11.4M0.849.65N/AN/A27,07622,698273,359405,274
2019-02-22$121.53$121.008.3%2.3%7.8%8.6%8.2%-0.6%0.1%-102.9M-179.7M-11.3M0.8410.53N/AN/A52,34543,930282,685413,262
2019-02-25$121.16$121.008.3%2.3%7.7%7.8%8.6%-0.6%0.2%-132.4M272.4M-11.8M0.418.95N/AN/A25,07510,202288,535425,932
2019-02-26$121.76$121.008.5%2.4%7.9%12.6%8.6%-0.4%0.3%-61.2M-78.9M-11.6M0.428.06N/AN/A34,02714,418307,587432,865
2019-02-27$120.48$121.008.8%2.4%8.7%18.4%8.7%-0.3%0.2%-180.7M690.4M-12.5M2.139.36N/AN/A25,12853,569335,011440,694
2019-02-28$119.99$121.008.8%2.5%8.8%18.6%8.8%-0.1%0.1%-245.9M1.00B-12.3M0.8211.58N/AN/A32,21326,264342,161456,653