TLT Options History — September 2019

In September 2019, TLT traded between $136.83 and $147.42. ATM implied volatility averaged 14.5%, placing in the 71.3% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 1.9% (HV 20d: 16.4%). Max pain ranged from $142.00 to $145.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.30.

Notable Days

  • 2019-09-13: Highest Volume — 333,181 contracts
  • 2019-09-13: Largest IV spike — 8.9% change
  • 2019-09-03: Highest IV Rank — 84.2%
  • 2019-09-03: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$142.05$136.83$147.42$147.42$142.94
Max Pain$143.30$142.00$145.00$144.00$142.00
ATM IV14.5%13.6%15.8%15.8%14.4%
Expected Move4.1%3.8%4.6%4.6%4.2%
HV 20d16.4%14.8%17.7%14.9%16.6%
HV 60d14.0%12.1%15.0%12.3%14.7%
IV Rank71.3%62.2%84.2%84.2%70.5%
IV Percentile92.7%88.9%97.2%97.2%90.5%
Term Structure-0.1%-0.5%0.5%-0.4%-0.5%
VWIV14.7%13.5%16.1%16.1%14.8%
Skew 25d-0.1%-1.2%0.8%-1.2%-0.5%
Skew 10d-0.3%-2.1%1.3%-2.1%-1.7%
Call IV 25d14.8%13.7%16.5%16.5%15.0%
Put IV 25d14.7%13.7%16.0%15.3%14.5%
Bid-Ask Spread %4.882.938.093.882.93
Gamma HHI0.080.050.230.080.07
Net GEX-157.6M-575.9M70.8M70.8M-91.0M
Net DEX39.1M-2.58B3.70B-2.58B-962.0M
Net VEX-14.0M-15.5M-12.2M-12.2M-12.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.502.651.110.50
Total Volume114,834.747,350333,18185,80647,350
Total OI1,291,872.151,039,4441,538,7681,234,1681,039,444

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$147.42$144.0015.8%4.6%14.9%84.2%16.1%-1.2%-0.4%70.8M-2.58B-12.2M1.113.88N/AN/A40,66845,138422,569811,599
2019-09-04$147.19$144.0014.8%4.2%14.8%74.4%14.7%-1.0%-0.3%63.5M-2.49B-12.4M2.174.55N/AN/A19,63142,551433,899831,886
2019-09-05$144.79$145.0014.0%3.9%16.3%66.7%13.9%0.0%-0.3%-93.5M-885.1M-13.9M1.976.05N/AN/A65,269128,545444,422856,903
2019-09-06$145.83$145.0013.6%3.8%16.4%62.2%13.5%-0.1%-0.0%-54.7M-1.66B-13.8M1.873.60N/AN/A25,06146,862472,182903,045
2019-09-09$143.36$145.0013.8%3.8%17.7%64.2%13.7%-0.1%-0.3%-165.8M57.2M-13.8M1.413.18N/AN/A45,41364,063444,684885,826
2019-09-10$141.03$145.0014.2%4.0%17.3%68.0%14.0%-0.0%-0.4%-255.8M1.51B-14.4M1.686.33N/AN/A54,38791,464459,343894,854
2019-09-11$140.60$145.0014.0%3.9%17.3%65.8%14.1%0.8%-0.3%-282.4M1.87B-15.0M1.243.70N/AN/A57,16071,014473,221917,791
2019-09-12$139.40$145.0014.1%3.9%15.8%67.3%13.9%0.8%-0.5%-360.7M2.43B-14.6M2.654.99N/AN/A52,055138,186479,013911,293
2019-09-13$136.83$144.0015.3%4.3%16.1%80.1%15.4%0.7%-0.5%-575.9M3.70B-14.7M1.346.01N/AN/A142,577190,604499,487917,470
2019-09-16$138.39$143.0015.4%4.4%16.9%80.9%15.6%0.1%-0.1%-256.8M1.74B-15.5M0.925.97N/AN/A67,93562,741549,096886,724
2019-09-17$139.11$143.0015.4%4.4%16.5%80.7%15.5%0.4%-0.5%-208.3M1.22B-15.1M0.935.05N/AN/A54,36150,651556,204891,020
2019-09-18$139.78$142.0014.5%4.2%16.2%71.6%15.1%0.5%-0.2%-162.5M836.9M-14.6M0.688.09N/AN/A66,48144,928575,554905,316
2019-09-19$140.32$142.0014.1%4.1%16.3%67.8%14.4%0.1%-0.3%-115.3M450.0M-14.5M0.934.32N/AN/A48,51545,214585,590911,771
2019-09-20$141.97$142.0014.7%4.2%16.7%73.9%14.9%-0.4%-0.0%-156.6M-761.3M-14.1M0.566.19N/AN/A55,81231,474605,867932,901
2019-09-23$141.78$142.0014.4%4.2%15.6%70.9%15.0%-0.3%0.4%-83.3M-601.0M-14.2M0.643.86N/AN/A72,15946,199405,798636,436
2019-09-24$143.75$142.0014.5%4.3%16.5%71.7%15.1%-0.6%0.5%-25.2M-1.39B-13.0M0.634.74N/AN/A47,85930,269390,339652,927
2019-09-25$141.51$142.0014.1%4.2%16.3%67.0%14.8%-0.3%0.4%-150.1M-206.1M-13.9M1.224.64N/AN/A37,74846,080398,384664,958
2019-09-26$142.33$142.0014.3%4.2%16.5%69.3%15.1%-0.3%0.3%-122.4M-635.9M-13.9M2.575.64N/AN/A18,46447,447407,116683,996
2019-09-27$142.61$142.0014.2%4.1%16.6%68.8%14.7%-0.5%0.4%-126.5M-850.5M-13.3M1.053.79N/AN/A26,48627,873407,201691,314
2019-09-30$142.94$142.0014.4%4.2%16.6%70.5%14.8%-0.5%-0.5%-91.0M-962.0M-12.4M0.502.93N/AN/A31,54415,806374,314665,130