TLT Options History — August 2019

In August 2019, TLT traded between $135.14 and $147.75. ATM implied volatility averaged 14.7%, placing in the 84.6% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 1.4% (HV 20d: 13.3%). Max pain ranged from $129.00 to $141.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.45.

Notable Days

  • 2019-08-07: Highest Volume — 310,107 contracts
  • 2019-08-05: Largest IV spike — 18.3% change
  • 2019-08-07: Highest IV Rank — 100.0%
  • 2019-08-15: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$143.31$135.14$147.75$135.14$147.46
Max Pain$135.95$129.00$141.00$133.00$141.00
ATM IV14.7%10.7%17.3%10.7%15.2%
Expected Move4.2%3.1%5.0%3.1%4.3%
HV 20d13.3%10.1%16.0%11.2%15.7%
HV 60d11.5%10.0%12.7%10.0%12.4%
IV Rank84.6%58.9%100.0%58.9%78.3%
IV Percentile97.4%84.5%100.0%84.5%95.6%
Term Structure-0.0%-0.5%0.3%0.1%0.1%
VWIV14.7%11.2%17.1%11.2%15.2%
Skew 25d-1.5%-2.7%-0.4%-0.4%-1.0%
Skew 10d-2.5%-4.5%0.0%0.0%-1.4%
Call IV 25d15.6%11.1%19.1%11.1%15.8%
Put IV 25d14.1%10.6%16.4%10.7%14.8%
Bid-Ask Spread %5.363.3310.5510.555.03
Gamma HHI0.090.060.290.070.07
Net GEX71.9M-184.5M273.4M82.9M92.2M
Net DEX-4.07B-6.47B-2.19B-2.19B-4.47B
Net VEX-11.9M-13.6M-9.4M-10.9M-13.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.450.902.531.081.13
Total Volume145,622.54542,121310,107134,252167,377
Total OI1,289,846.636975,6211,533,542975,6211,420,568

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$135.14$133.0010.7%3.1%11.2%58.9%11.2%-0.4%0.1%82.9M-2.19B-10.9M1.0810.55N/AN/A64,66569,587369,887605,734
2019-08-02$136.21$133.0010.8%3.2%10.3%60.9%11.2%-1.0%0.0%99.3M-2.67B-9.8M1.565.08N/AN/A52,35181,787384,400638,686
2019-08-05$138.62$129.0012.7%3.6%11.8%97.5%13.0%-0.5%-0.2%77.3M-3.27B-9.4M1.074.49N/AN/A88,09694,446399,056633,600
2019-08-06$139.83$130.0012.4%3.6%11.9%92.0%12.6%-1.4%-0.2%104.4M-3.81B-9.7M0.907.72N/AN/A69,35562,201444,637660,256
2019-08-07$140.04$131.0014.6%4.0%11.5%100.0%14.6%-1.4%-0.0%126.1M-3.83B-11.0M1.628.85N/AN/A118,354191,753473,850693,488
2019-08-08$140.08$132.0013.5%3.8%10.1%84.1%13.3%-1.6%-0.3%42.6M-3.54B-12.2M2.156.02N/AN/A51,361110,469519,975787,266
2019-08-09$140.00$132.0013.1%3.7%10.2%78.5%13.4%-1.6%-0.1%273.4M-3.59B-12.2M1.005.80N/AN/A63,63463,869543,568801,299
2019-08-12$142.85$132.0015.4%4.4%11.8%100.0%15.4%-2.2%0.1%93.3M-4.78B-11.3M1.456.44N/AN/A58,55684,821525,503775,651
2019-08-13$142.61$133.0014.4%4.1%11.6%87.0%14.1%-1.7%0.0%103.7M-4.72B-11.8M1.604.58N/AN/A69,901111,530553,544808,603
2019-08-14$145.39$135.0016.5%4.7%12.6%100.0%16.7%-2.3%-0.0%149.8M-5.78B-11.0M1.095.24N/AN/A71,86978,089577,744852,123
2019-08-15$146.97$135.0017.3%5.0%12.8%100.0%17.1%-2.7%0.0%161.3M-6.47B-10.8M1.564.21N/AN/A88,603138,331599,042864,342
2019-08-16$146.00$137.0016.1%4.5%13.1%87.1%15.8%-2.0%-0.5%59.7M-5.77B-11.9M1.444.93N/AN/A82,599119,335613,467920,075
2019-08-19$144.00$139.0016.0%4.6%14.7%86.4%16.1%-1.3%-0.1%-38.6M-3.11B-13.2M1.674.35N/AN/A48,28980,441494,110732,871
2019-08-20$145.38$139.0016.0%4.6%14.2%86.2%16.0%-1.7%0.0%6.7M-3.72B-12.6M1.324.32N/AN/A41,33854,405509,392741,131
2019-08-21$144.74$139.0015.0%4.3%14.6%76.0%15.4%-1.4%0.0%-38.8M-3.41B-13.3M1.365.09N/AN/A48,85966,334529,441775,933
2019-08-22$143.56$140.0014.5%4.1%15.0%71.1%14.9%-1.2%0.2%-184.5M-2.66B-13.6M1.073.77N/AN/A53,91457,828539,350798,422
2019-08-23$145.88$140.0015.7%4.5%15.5%83.2%15.7%-2.1%-0.4%55.5M-4.04B-13.5M2.035.02N/AN/A59,260120,161545,792813,719
2019-08-26$145.50$140.0015.3%4.3%15.7%79.6%15.4%-1.9%-0.0%13.5M-3.73B-13.3M1.223.33N/AN/A18,94723,174532,090789,043
2019-08-27$147.58$140.0016.0%4.6%16.0%86.2%16.1%-1.7%-0.1%100.0M-4.75B-11.6M1.393.87N/AN/A39,63354,964538,677795,857
2019-08-28$147.75$140.0016.1%4.6%16.0%87.7%16.1%-1.3%0.1%109.0M-4.80B-11.8M1.663.38N/AN/A31,47452,356548,409824,482
2019-08-29$147.29$141.0015.3%4.2%15.7%79.9%14.7%-1.1%0.3%94.0M-4.45B-12.9M2.535.86N/AN/A28,12271,258554,030847,513
2019-08-30$147.46$141.0015.2%4.3%15.7%78.3%15.2%-1.0%0.1%92.2M-4.47B-13.2M1.135.03N/AN/A78,44988,928557,995862,573