TLT Options History — June 2019

In June 2019, TLT traded between $130.32 and $133.03. ATM implied volatility averaged 10.7%, placing in the 58.8% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 0.7% (HV 20d: 10.0%). Max pain ranged from $129.00 to $131.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.62.

Notable Days

  • 2019-06-19: Highest Volume — 383,216 contracts
  • 2019-06-10: Largest IV drop — 12.4% change
  • 2019-06-03: Highest IV Rank — 93.1%
  • 2019-06-03: Largest Expected Move — 3.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$131.71$130.32$133.03$132.43$133.03
Max Pain$130.00$129.00$131.00$129.00$131.00
ATM IV10.7%9.7%12.5%12.5%10.1%
Expected Move3.0%2.8%3.6%3.6%2.8%
HV 20d10.0%8.5%10.6%8.5%9.3%
HV 60d9.3%8.7%9.7%9.2%8.7%
IV Rank58.8%41.0%93.1%93.1%48.8%
IV Percentile84.3%71.8%99.6%99.6%74.6%
Term Structure0.1%-0.4%0.8%-0.4%0.8%
VWIV10.6%9.7%12.3%12.3%9.9%
Skew 25d-1.2%-1.8%-0.8%-1.6%-0.8%
Skew 10d-2.1%-3.5%-1.2%-3.3%-1.2%
Call IV 25d11.5%10.4%13.5%13.5%10.6%
Put IV 25d10.3%9.5%11.9%11.9%9.8%
Bid-Ask Spread %3.642.378.068.062.43
Gamma HHI0.120.090.150.100.13
Net GEX-148.3M-416.0M58.1M-9.4M-2.3M
Net DEX-1.31B-2.24B-456.3M-2.19B-1.00B
Net VEX-13.9M-15.7M-12.3M-12.7M-14.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.621.0614.663.562.66
Total Volume113,006.7538,460383,216182,048100,919
Total OI1,389,286.81,146,8981,778,0891,146,8981,429,140

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$132.43$129.0012.5%3.6%8.5%93.1%12.3%-1.6%-0.4%-9.4M-2.19B-12.7M3.568.06N/AN/A39,899142,149363,564783,334
2019-06-04$131.03$129.0011.4%3.3%9.8%72.3%11.5%-0.8%-0.3%-182.4M-1.18B-14.8M1.663.30N/AN/A46,55277,206383,301872,435
2019-06-05$130.32$129.0011.2%3.2%10.0%68.3%11.3%-0.9%-0.0%-274.0M-583.0M-15.4M1.624.13N/AN/A46,66175,499402,042897,773
2019-06-06$130.47$129.0011.6%3.2%9.6%76.2%11.2%-1.3%-0.2%-232.9M-783.8M-15.7M2.484.27N/AN/A30,43175,454428,334910,053
2019-06-07$131.67$129.0011.1%3.0%9.9%66.4%10.4%-1.4%-0.2%-49.0M-1.86B-13.9M1.504.32N/AN/A53,12179,523441,839944,446
2019-06-10$130.53$130.009.7%2.8%10.6%41.0%9.7%-0.9%-0.1%-227.9M-862.0M-14.5M1.743.11N/AN/A22,73239,577433,421924,360
2019-06-11$130.61$130.009.7%2.8%10.4%41.2%10.0%-0.8%-0.0%-190.4M-1.02B-14.0M1.182.85N/AN/A17,66420,796441,153918,246
2019-06-12$130.69$130.0010.3%2.9%10.3%51.8%10.4%-1.1%-0.1%-143.8M-1.13B-13.8M1.893.73N/AN/A22,91443,293449,505917,663
2019-06-13$131.11$130.0011.1%3.2%10.2%66.5%11.3%-1.5%0.0%-115.4M-1.32B-14.3M1.873.29N/AN/A36,15867,527462,934947,340
2019-06-14$131.25$130.0011.1%3.2%10.0%67.7%11.3%-1.8%0.0%-140.1M-1.48B-14.3M2.393.20N/AN/A23,30055,724469,784963,047
2019-06-17$131.64$130.0011.2%3.2%10.0%68.6%11.4%-1.4%-0.2%-84.2M-1.64B-13.3M1.653.36N/AN/A19,20331,724435,861943,661
2019-06-18$132.32$130.0011.0%3.1%9.9%64.8%11.1%-1.3%0.0%23.8M-2.12B-12.6M3.893.21N/AN/A29,827115,904445,447945,413
2019-06-19$132.58$130.0010.4%3.0%9.8%54.8%10.4%-1.1%0.3%58.1M-2.24B-12.3M14.664.48N/AN/A24,470358,746450,239981,679
2019-06-20$132.83$130.0010.1%2.9%9.7%48.0%9.9%-1.4%-0.1%-73.4M-2.11B-13.4M1.313.53N/AN/A40,17652,474453,4221,281,379
2019-06-21$131.44$130.009.8%2.8%10.1%42.7%9.9%-0.8%-0.0%-416.0M-874.5M-14.8M1.572.37N/AN/A41,25264,937474,5071,303,582
2019-06-24$132.42$131.0010.3%3.0%10.3%51.9%10.5%-1.0%0.4%-253.2M-840.7M-13.8M1.343.22N/AN/A20,62127,713382,166904,182
2019-06-25$132.93$131.0010.8%3.1%10.0%61.0%10.6%-1.2%0.5%-188.4M-1.10B-13.7M2.433.54N/AN/A23,63157,365393,711919,777
2019-06-26$131.96$131.009.9%2.8%10.5%43.9%10.0%-1.3%0.2%-355.3M-456.3M-14.5M2.043.47N/AN/A12,89226,305407,666941,658
2019-06-27$132.85$131.0010.0%2.8%10.5%46.3%9.9%-0.9%0.5%-110.0M-1.42B-12.9M1.062.95N/AN/A94,873100,923405,103932,569
2019-06-28$133.03$131.0010.1%2.8%9.3%48.8%9.9%-0.8%0.8%-2.3M-1.00B-14.1M2.662.43N/AN/A27,58973,330426,1981,002,942