TLT Options History — May 2019

In May 2019, TLT traded between $123.30 and $131.82. ATM implied volatility averaged 8.8%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 0.9% (HV 20d: 7.9%). Max pain ranged from $122.00 to $125.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.24.

Notable Days

  • 2019-05-31: Highest Volume — 239,370 contracts
  • 2019-05-31: Largest IV spike — 18.6% change
  • 2019-05-31: Highest IV Rank — 82.3%
  • 2019-05-31: Largest Expected Move — 3.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$126.15$123.30$131.82$123.92$131.82
Max Pain$123.59$122.00$125.00$125.00$125.00
ATM IV8.8%7.5%11.9%7.9%11.9%
Expected Move2.5%2.2%3.5%2.4%3.5%
HV 20d7.9%7.4%8.5%7.9%8.5%
HV 60d9.2%8.8%9.5%9.2%9.2%
IV Rank24.3%0.0%82.3%4.7%82.3%
IV Percentile35.1%0.0%98.8%0.4%98.8%
Term Structure0.1%-0.2%0.3%0.0%-0.0%
VWIV9.0%7.8%11.8%8.5%11.8%
Skew 25d-0.7%-1.5%-0.2%-0.2%-1.5%
Skew 10d-1.4%-2.3%-0.3%-0.5%-2.3%
Call IV 25d9.4%7.8%12.9%8.2%12.9%
Put IV 25d8.7%7.5%11.5%7.9%11.5%
Bid-Ask Spread %8.324.4918.1615.977.17
Gamma HHI0.100.060.280.100.06
Net GEX76.2M-144.2M325.6M-20.5M98.8M
Net DEX-1.54B-3.23B186.5M-392.6M-3.23B
Net VEX-14.2M-16.2M-12.3M-16.2M-12.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.632.471.172.47
Total Volume82,559.31819,508239,37066,914239,370
Total OI1,047,991.364911,7201,231,6781,045,6921,135,663

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$123.92$125.007.9%2.4%7.9%4.7%8.5%-0.2%0.0%-20.5M-392.6M-16.2M1.1715.97N/AN/A30,85536,059479,091566,601
2019-05-02$123.30$125.007.6%2.3%7.5%0.3%7.9%-0.2%0.2%-108.6M186.5M-15.5M0.979.50N/AN/A18,23517,724479,731566,632
2019-05-03$123.53$125.007.5%2.2%7.5%0.0%7.8%-0.2%0.3%-144.2M-110.1M-15.5M0.989.58N/AN/A18,98618,527484,766569,008
2019-05-06$124.01$122.008.1%2.4%7.6%11.8%8.4%-0.5%-0.1%10.5M-540.9M-15.2M0.928.46N/AN/A10,1559,353468,524549,067
2019-05-07$125.08$122.009.1%2.6%8.1%30.0%9.2%-0.8%-0.1%73.5M-1.40B-15.0M0.6811.95N/AN/A45,27130,657469,071555,245
2019-05-08$124.38$122.008.8%2.4%8.3%23.8%8.7%-0.7%-0.0%57.5M-791.6M-15.1M1.6418.16N/AN/A29,95349,006479,448575,181
2019-05-09$124.91$122.009.0%2.5%8.4%28.3%8.9%-0.8%-0.1%69.1M-1.17B-15.4M0.638.30N/AN/A27,13717,046491,048607,429
2019-05-10$124.81$122.008.5%2.4%8.0%17.9%8.5%-0.5%0.0%120.6M-1.21B-14.6M1.0310.57N/AN/A38,32739,400493,121615,300
2019-05-13$125.74$122.009.2%2.6%7.8%31.7%9.1%-0.6%0.0%100.3M-1.84B-14.5M1.567.41N/AN/A17,71527,554469,767585,058
2019-05-14$125.32$123.008.5%2.4%8.0%19.2%8.6%-0.8%-0.1%64.9M-1.56B-14.7M1.027.32N/AN/A25,76926,344485,964616,507
2019-05-15$126.06$123.008.6%2.4%7.8%19.9%8.9%-0.8%-0.2%128.6M-2.38B-13.7M1.055.98N/AN/A23,17824,371496,736624,037
2019-05-16$125.62$123.008.2%2.4%7.9%12.2%8.4%-0.5%0.1%85.4M-2.02B-14.0M0.955.73N/AN/A71,78768,302507,408628,315
2019-05-17$126.01$124.008.2%2.4%7.8%12.4%8.3%-0.7%0.1%325.6M-2.48B-14.3M2.395.32N/AN/A17,98542,919561,476670,202
2019-05-20$125.81$124.008.3%2.4%7.6%15.8%8.5%-0.7%0.3%51.0M-986.1M-14.0M0.945.94N/AN/A12,66711,857397,897513,823
2019-05-21$125.51$124.008.0%2.3%7.7%10.1%8.1%-0.5%0.2%38.5M-816.2M-14.0M1.295.45N/AN/A15,18619,518401,955517,634
2019-05-22$126.22$124.008.4%2.4%7.4%16.1%8.5%-0.6%0.2%90.7M-1.21B-14.0M1.317.24N/AN/A18,41524,203410,899528,275
2019-05-23$127.74$124.009.3%2.7%8.3%33.7%9.6%-1.2%-0.1%141.7M-2.19B-13.4M1.308.80N/AN/A78,914102,318418,803533,548
2019-05-24$127.69$124.008.7%2.5%8.3%22.8%8.9%-1.0%0.2%85.3M-1.98B-13.7M1.654.49N/AN/A23,41238,664428,162598,838
2019-05-28$128.74$124.009.7%2.8%7.9%41.2%9.7%-0.9%0.0%139.7M-2.35B-12.4M1.156.46N/AN/A40,04346,170403,377571,240
2019-05-29$129.10$125.0010.3%3.0%7.8%51.7%10.5%-1.3%0.2%163.4M-2.52B-13.4M1.026.83N/AN/A78,49680,111437,625601,193
2019-05-30$130.00$125.0010.1%2.9%8.0%47.7%10.2%-1.3%0.2%105.6M-2.91B-12.3M1.236.32N/AN/A91,777112,569426,279635,866
2019-05-31$131.82$125.0011.9%3.5%8.5%82.3%11.8%-1.5%-0.0%98.8M-3.23B-12.6M2.477.17N/AN/A68,962170,408447,726687,937