TLT Options History — October 2019

In October 2019, TLT traded between $137.25 and $145.97. ATM implied volatility averaged 13.1%, placing in the 56.9% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded below realized volatility by 0.6% (HV 20d: 13.7%). Max pain ranged from $141.00 to $143.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 1.54.

Notable Days

  • 2019-10-31: Highest Volume — 229,958 contracts
  • 2019-10-03: Largest IV drop — 6.6% change
  • 2019-10-01: Highest IV Rank — 76.5%
  • 2019-10-02: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$141.06$137.25$145.97$143.11$141.44
Max Pain$142.00$141.00$143.00$142.00$141.00
ATM IV13.1%11.1%15.0%15.0%11.5%
Expected Move3.8%3.4%4.3%4.3%3.5%
HV 20d13.7%11.3%16.7%16.6%13.6%
HV 60d15.0%14.5%15.5%14.7%15.2%
IV Rank56.9%36.7%76.5%76.5%40.7%
IV Percentile81.0%69.0%93.7%93.7%73.4%
Term Structure-0.2%-0.5%0.3%-0.5%0.3%
VWIV13.4%12.1%15.2%15.2%12.3%
Skew 25d0.0%-0.5%0.5%-0.4%-0.4%
Skew 10d-0.2%-1.9%1.1%-1.5%-0.4%
Call IV 25d13.3%11.2%15.5%15.5%11.6%
Put IV 25d13.3%11.2%15.1%15.1%11.2%
Bid-Ask Spread %4.762.1510.215.304.18
Gamma HHI0.090.050.170.070.06
Net GEX-220.3M-488.2M111.8M-73.8M111.8M
Net DEX160.0M-2.18B1.89B-867.5M-1.55B
Net VEX-12.0M-13.0M-11.0M-12.7M-11.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.633.271.260.63
Total Volume106,401.82639,484229,958100,430229,958
Total OI1,111,614.217962,5241,254,6241,036,7571,132,369

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$143.11$142.0015.0%4.3%16.6%76.5%15.2%-0.4%-0.5%-73.8M-867.5M-12.7M1.265.30N/AN/A44,40856,022366,032670,725
2019-10-02$143.57$143.0015.0%4.3%16.7%76.3%15.2%-0.4%-0.5%-38.1M-1.08B-12.6M1.024.07N/AN/A31,07131,663378,123672,918
2019-10-03$144.89$143.0014.0%3.9%16.1%66.2%13.5%-0.3%-0.4%17.4M-1.71B-11.9M1.614.25N/AN/A41,23966,265381,891683,245
2019-10-04$145.97$143.0013.8%3.8%16.1%63.7%13.6%-0.2%-0.2%39.4M-2.18B-11.2M1.664.01N/AN/A46,93977,873383,416705,761
2019-10-07$144.83$143.0013.8%3.9%15.1%64.4%13.7%-0.3%-0.2%-88.6M-1.44B-11.7M2.033.05N/AN/A21,53743,751375,944724,596
2019-10-08$145.14$143.0013.8%3.9%13.7%63.9%13.7%-0.2%-0.3%-88.0M-1.51B-11.7M3.209.73N/AN/A20,39965,211386,251750,789
2019-10-09$144.15$143.0013.5%3.8%13.9%60.7%13.5%0.0%-0.2%-254.4M-843.2M-11.9M3.2710.21N/AN/A17,73857,974391,327785,815
2019-10-10$142.24$143.0013.7%3.9%14.5%62.8%13.7%-0.2%-0.1%-414.9M530.8M-12.7M2.236.56N/AN/A49,486110,342396,372805,202
2019-10-11$140.30$143.0013.9%3.9%13.7%64.9%13.8%-0.5%-0.5%-410.4M1.89B-13.0M1.246.25N/AN/A86,845107,714410,032819,751
2019-10-14$141.49$143.0013.4%3.8%13.4%60.1%13.5%0.3%-0.2%-296.6M464.1M-11.8M1.562.77N/AN/A26,11040,669404,615782,294
2019-10-15$139.65$143.0013.3%3.8%14.2%59.1%13.4%0.4%-0.1%-418.6M1.53B-12.0M1.123.84N/AN/A41,25446,030412,547770,653
2019-10-16$139.86$143.0013.4%3.8%14.1%60.2%13.4%0.5%-0.1%-425.3M1.28B-12.0M1.408.81N/AN/A46,95965,647431,063776,709
2019-10-17$139.65$141.0013.2%3.8%14.1%58.2%13.5%0.2%-0.4%-488.2M1.20B-12.3M1.833.07N/AN/A39,48872,193439,093777,498
2019-10-18$139.57$141.0013.2%3.8%13.4%57.9%13.5%0.1%-0.2%-277.4M1.18B-12.7M1.482.15N/AN/A29,17143,315463,714790,910
2019-10-21$138.54$141.0013.4%3.9%13.6%60.0%13.7%0.1%-0.5%-255.0M1.02B-12.2M1.683.12N/AN/A49,62683,327350,521612,003
2019-10-22$139.38$141.0013.0%3.8%12.7%56.2%13.4%0.0%-0.4%-226.9M475.1M-12.5M1.103.17N/AN/A18,78920,695372,965632,120
2019-10-23$139.42$141.0012.4%3.6%11.5%49.7%12.6%-0.1%-0.3%-230.6M374.7M-11.9M1.634.91N/AN/A35,98958,717375,665628,162
2019-10-24$139.07$141.0011.8%3.4%11.3%44.3%12.4%0.3%0.3%-241.8M605.6M-11.6M0.925.77N/AN/A44,56340,868390,437634,395
2019-10-25$138.46$141.0011.7%3.4%11.3%42.8%12.1%0.5%-0.4%-238.9M1.04B-11.9M1.173.45N/AN/A33,90939,644411,000658,257
2019-10-28$137.25$141.0011.8%3.5%11.5%43.9%12.5%0.5%0.2%-315.9M1.61B-11.5M1.513.34N/AN/A63,16795,439392,525635,852
2019-10-29$137.36$141.0011.5%3.5%11.4%40.4%12.6%0.4%0.2%-327.2M1.54B-12.2M0.903.09N/AN/A41,85837,541425,824671,668
2019-10-30$139.10$141.0011.1%3.4%12.5%36.7%12.2%0.3%0.3%-125.1M125.5M-11.5M0.934.29N/AN/A65,09260,747447,587658,491
2019-10-31$141.44$141.0011.5%3.5%13.6%40.7%12.3%-0.4%0.3%111.8M-1.55B-11.0M0.634.18N/AN/A140,78589,173456,467675,902