TLT Options History — July 2019

In July 2019, TLT traded between $130.22 and $134.12. ATM implied volatility averaged 9.8%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 2.8%. IV traded below realized volatility by 0.4% (HV 20d: 10.2%). Max pain ranged from $131.00 to $133.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.90.

Notable Days

  • 2019-07-09: Highest Volume — 132,399 contracts
  • 2019-07-26: Largest IV drop — 6.7% change
  • 2019-07-03: Highest IV Rank — 52.1%
  • 2019-07-24: Largest Expected Move — 2.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$131.85$130.22$134.12$132.17$132.99
Max Pain$132.27$131.00$133.00$131.00$132.00
ATM IV9.8%9.2%10.3%10.0%9.3%
Expected Move2.8%2.6%2.9%2.6%2.7%
HV 20d10.2%9.0%11.3%9.5%9.9%
HV 60d9.5%8.8%9.7%8.8%9.6%
IV Rank43.2%30.8%52.1%46.1%33.6%
IV Percentile66.9%48.8%80.2%71.8%52.8%
Term Structure-0.1%-0.4%0.1%-0.1%0.1%
VWIV10.0%9.3%10.4%9.7%10.2%
Skew 25d-0.1%-0.8%0.3%-0.4%0.0%
Skew 10d-0.2%-1.5%0.5%-0.7%-0.0%
Call IV 25d10.1%9.5%11.0%10.1%9.5%
Put IV 25d10.0%9.5%10.3%9.7%9.6%
Bid-Ask Spread %5.062.6011.394.6111.39
Gamma HHI0.090.070.150.090.08
Net GEX-174.0M-702.6M113.7M-234.8M3.8M
Net DEX-480.3M-2.18B1.53B-734.4M-1.31B
Net VEX-13.5M-15.4M-11.8M-14.1M-11.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.900.5412.770.861.11
Total Volume65,24226,761132,399115,92085,862
Total OI1,230,240.591916,6471,456,5191,336,332961,492

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$132.17$131.0010.0%2.6%9.5%46.1%9.7%-0.4%-0.1%-234.8M-734.4M-14.1M0.864.61N/AN/A62,25453,666380,789955,543
2019-07-02$133.25$133.009.8%2.7%9.1%43.3%9.7%-0.7%-0.0%33.9M-1.48B-13.5M1.083.35N/AN/A31,18933,768422,911987,733
2019-07-03$134.12$133.0010.3%2.8%9.0%52.1%9.8%-0.8%-0.3%113.7M-2.18B-13.2M0.863.67N/AN/A30,10925,915444,1591,003,579
2019-07-05$132.39$132.009.7%2.6%10.3%40.1%9.3%-0.6%-0.3%-169.5M-608.1M-13.8M2.525.71N/AN/A27,22368,692438,9831,017,536
2019-07-08$132.78$132.009.5%2.7%9.9%36.9%9.6%-0.1%-0.1%-94.0M-922.3M-13.7M1.603.67N/AN/A10,27716,484430,218998,749
2019-07-09$132.57$132.009.9%2.8%9.3%44.7%9.8%-0.3%-0.2%-134.7M-695.7M-14.1M12.773.31N/AN/A9,614122,785435,6841,004,901
2019-07-10$131.76$132.009.9%2.8%9.6%45.4%10.0%-0.4%-0.2%-307.2M-4.3M-14.1M1.076.63N/AN/A37,11439,868437,501952,802
2019-07-11$130.22$132.0010.1%2.8%10.6%48.3%10.0%0.2%-0.4%-702.6M1.53B-15.4M2.129.39N/AN/A33,07070,103440,491958,787
2019-07-12$130.29$132.009.8%2.7%10.5%42.9%9.8%0.0%-0.3%-684.0M1.22B-14.8M1.682.60N/AN/A30,44551,070447,830947,440
2019-07-15$131.03$132.0010.1%2.9%10.7%48.6%10.4%0.0%-0.3%-278.9M-166.3M-13.5M0.573.49N/AN/A19,13710,989434,097882,430
2019-07-16$130.56$132.0010.1%2.9%10.7%48.0%10.3%-0.0%-0.0%-367.8M152.3M-13.9M0.545.03N/AN/A36,55319,750443,330882,867
2019-07-17$131.89$132.0010.2%2.9%11.2%49.3%10.2%-0.1%-0.0%-28.0M-930.0M-12.9M1.074.59N/AN/A54,16458,007462,014890,805
2019-07-18$132.28$133.0010.2%2.9%11.2%50.2%10.3%-0.2%-0.1%33.4M-848.2M-13.0M1.224.01N/AN/A18,80223,024469,901922,381
2019-07-19$131.79$133.0010.0%2.9%11.3%47.1%10.3%-0.1%-0.2%-81.9M-491.8M-13.2M1.194.95N/AN/A20,62524,593473,027926,169
2019-07-22$131.89$133.009.8%2.9%10.6%43.2%10.3%-0.1%0.0%-84.6M-674.6M-12.7M1.944.01N/AN/A17,68234,352367,925548,722
2019-07-23$131.11$133.009.9%2.9%10.4%45.0%10.2%0.0%-0.1%-172.2M-190.4M-13.4M2.603.94N/AN/A11,94531,052375,383561,312
2019-07-24$131.72$133.009.9%2.9%10.5%45.4%10.3%-0.0%-0.0%-113.7M-520.2M-13.3M1.214.51N/AN/A17,12820,652381,215565,377
2019-07-25$131.14$132.009.8%2.9%10.3%42.9%10.1%-0.0%-0.1%-209.0M-180.5M-13.2M1.994.95N/AN/A13,81827,478387,579574,451
2019-07-26$131.47$132.009.2%2.7%10.0%30.8%9.5%0.1%0.1%-135.7M-425.1M-12.9M0.995.32N/AN/A31,53131,154389,197578,237
2019-07-29$131.46$132.009.2%2.8%10.0%32.2%9.9%0.0%-0.1%-117.8M-467.1M-12.8M1.315.72N/AN/A12,54016,474368,303566,598
2019-07-30$131.83$132.009.3%2.8%9.8%34.2%10.3%0.3%0.1%-96.8M-634.1M-12.8M1.536.51N/AN/A17,53926,827370,827576,018
2019-07-31$132.99$132.009.3%2.7%9.9%33.6%10.2%0.0%0.1%3.8M-1.31B-11.8M1.1111.39N/AN/A40,73945,123376,690584,802