TLT Options History — April 2019

In April 2019, TLT traded between $122.26 and $124.52. ATM implied volatility averaged 8.3%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 2.4%. IV traded below realized volatility by 1.8% (HV 20d: 10.2%). Max pain ranged from $122.00 to $125.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.31.

Notable Days

  • 2019-04-29: Highest Volume — 123,134 contracts
  • 2019-04-26: Largest IV drop — 8.0% change
  • 2019-04-01: Highest IV Rank — 20.3%
  • 2019-04-02: Largest Expected Move — 2.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.37$122.26$124.52$124.37$123.72
Max Pain$123.33$122.00$125.00$122.00$125.00
ATM IV8.3%7.6%8.9%8.9%8.1%
Expected Move2.4%2.2%2.6%2.6%2.5%
HV 20d10.2%7.9%11.0%10.5%7.9%
HV 60d9.2%9.0%9.4%9.3%9.3%
IV Rank9.5%0.0%20.3%20.3%8.9%
IV Percentile12.8%0.0%40.1%40.1%3.2%
Term Structure-0.0%-0.3%0.4%0.3%0.1%
VWIV8.6%7.9%9.2%9.2%8.8%
Skew 25d-0.3%-0.7%0.0%-0.6%-0.2%
Skew 10d-0.7%-1.8%0.1%-1.8%-0.3%
Call IV 25d8.8%8.1%9.7%9.7%8.3%
Put IV 25d8.5%7.6%9.1%9.1%8.1%
Bid-Ask Spread %11.535.5320.399.2713.86
Gamma HHI0.090.070.130.080.09
Net GEX-117.4M-374.3M35.5M-41.4M-93.4M
Net DEX206.6M-552.4M1.22B-472.8M57.9M
Net VEX-15.2M-16.1M-14.8M-15.4M-16.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.273.441.901.51
Total Volume65,005.09516,659123,13483,64467,482
Total OI988,210.333873,6551,127,593948,2081,015,903

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$124.37$122.008.9%2.6%10.5%20.3%9.2%-0.6%0.3%-41.4M-472.8M-15.4M1.909.27N/AN/A28,82554,819420,934527,274
2019-04-02$124.52$122.008.9%2.6%10.4%20.3%9.1%-0.7%-0.0%-33.6M-517.9M-15.7M0.7310.07N/AN/A14,86110,910421,717546,680
2019-04-03$123.49$122.008.8%2.5%11.0%17.0%8.8%-0.5%0.4%-142.7M189.4M-15.6M1.068.17N/AN/A45,72948,615425,699536,381
2019-04-04$123.72$123.008.7%2.5%10.9%15.3%9.1%-0.7%-0.1%-66.1M-170.6M-15.5M0.5510.94N/AN/A28,29715,698441,838525,693
2019-04-05$124.01$122.008.4%2.4%10.8%10.3%8.6%-0.3%-0.0%35.5M-419.4M-15.0M1.329.42N/AN/A18,75824,695451,759524,685
2019-04-08$123.58$123.008.6%2.5%10.8%14.4%8.9%-0.5%0.1%-88.1M-41.3M-14.8M1.427.73N/AN/A15,13221,455430,160519,922
2019-04-09$123.94$123.008.6%2.5%10.6%14.6%8.8%-0.3%-0.0%-52.5M-314.1M-15.0M3.448.86N/AN/A18,56363,888435,776532,762
2019-04-10$124.34$123.008.5%2.4%10.6%11.3%8.7%-0.4%-0.1%-25.5M-552.4M-15.2M1.508.87N/AN/A14,49821,685444,481579,952
2019-04-11$123.49$123.008.1%2.3%10.6%4.3%8.0%-0.4%-0.3%-167.6M294.7M-15.3M1.936.76N/AN/A34,24266,169454,633597,387
2019-04-12$122.66$123.008.0%2.2%10.8%2.1%7.9%-0.0%-0.3%-292.4M1.15B-15.5M1.166.27N/AN/A23,10426,700467,933625,295
2019-04-15$122.95$123.008.1%2.3%10.8%3.2%8.2%-0.1%-0.0%-217.4M811.9M-15.1M0.735.53N/AN/A9,6547,005453,471601,498
2019-04-16$122.26$123.008.2%2.3%11.0%5.0%8.3%-0.1%-0.1%-306.7M1.22B-14.9M1.4516.51N/AN/A44,18364,236457,159601,693
2019-04-17$122.26$123.008.1%2.3%10.7%4.1%8.6%-0.3%-0.1%-374.3M1.10B-14.8M1.1520.39N/AN/A46,77353,987472,681611,826
2019-04-18$122.94$125.007.9%2.3%10.8%0.0%8.0%-0.1%-0.0%21.2M749.8M-15.1M1.278.63N/AN/A40,38651,261487,477640,116
2019-04-22$122.33$125.008.4%2.4%9.2%9.8%8.6%-0.0%-0.1%-174.1M828.2M-14.8M0.2710.15N/AN/A21,1075,606393,591480,064
2019-04-23$122.51$124.008.4%2.5%9.2%10.2%8.7%0.0%-0.1%-145.2M663.7M-15.2M1.4417.19N/AN/A27,09239,056407,308482,697
2019-04-24$123.51$124.008.5%2.5%9.7%12.8%8.5%-0.2%-0.1%-78.7M-106.8M-15.4M0.8715.32N/AN/A40,15834,891424,380500,775
2019-04-25$123.33$124.008.3%2.5%9.0%7.8%8.6%0.0%-0.1%-50.0M-25.9M-15.3M2.2617.29N/AN/A13,62930,810437,294505,127
2019-04-26$123.85$124.007.6%2.3%9.1%0.0%8.0%-0.5%-0.1%-31.9M-451.3M-14.9M0.5819.19N/AN/A30,29817,716440,397515,525
2019-04-29$122.98$124.008.0%2.4%9.3%6.7%8.9%-0.4%0.1%-140.8M341.2M-14.9M0.9111.66N/AN/A64,35458,780412,331500,143
2019-04-30$123.72$125.008.1%2.5%7.9%8.9%8.8%-0.2%0.1%-93.4M57.9M-16.1M1.5113.86N/AN/A26,89340,589462,354553,549