TLT Options History — November 2019

In November 2019, TLT traded between $134.96 and $141.12. ATM implied volatility averaged 11.8%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded below realized volatility by 2.1% (HV 20d: 13.9%). Max pain ranged from $138.00 to $141.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.20.

Notable Days

  • 2019-11-07: Highest Volume — 236,805 contracts
  • 2019-11-07: Largest IV spike — 14.3% change
  • 2019-11-07: Highest IV Rank — 57.0%
  • 2019-11-07: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.37$134.96$141.12$140.47$140.38
Max Pain$138.35$138.00$141.00$141.00$138.00
ATM IV11.8%10.7%13.1%11.0%11.0%
Expected Move3.5%3.3%3.9%3.4%3.4%
HV 20d13.9%12.2%14.8%13.3%12.2%
HV 60d14.5%13.8%15.5%15.3%13.8%
IV Rank43.8%32.9%57.0%35.8%35.5%
IV Percentile70.8%57.9%79.0%66.7%59.9%
Term Structure-0.0%-0.6%0.5%0.4%0.0%
VWIV12.4%11.6%13.7%12.2%12.2%
Skew 25d0.4%-0.2%1.3%-0.2%0.2%
Skew 10d0.4%-0.7%2.7%0.2%0.0%
Call IV 25d11.8%10.9%12.8%11.1%11.1%
Put IV 25d12.2%10.9%13.9%10.9%11.3%
Bid-Ask Spread %4.731.618.802.723.06
Gamma HHI0.090.050.230.060.06
Net GEX-97.8M-404.7M292.4M-1.3M-13.1M
Net DEX147.5M-1.77B2.61B-251.5M-1.13B
Net VEX-11.2M-12.4M-9.6M-11.5M-9.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.482.221.961.76
Total Volume100,873.440,561236,805145,33753,638
Total OI1,105,510.45978,3871,271,9931,107,9671,029,557

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$140.47$141.0011.0%3.4%13.3%35.8%12.2%-0.2%0.4%-1.3M-251.5M-11.5M1.962.72N/AN/A49,07296,265422,564685,403
2019-11-04$138.71$140.0011.3%3.3%13.7%39.1%11.9%0.2%0.0%-221.2M851.7M-11.5M2.138.80N/AN/A24,91352,984423,587668,175
2019-11-05$137.17$140.0011.6%3.4%13.9%41.6%12.0%0.2%0.0%-367.1M1.80B-11.6M0.878.55N/AN/A102,23989,273434,709676,567
2019-11-06$138.11$138.0011.5%3.4%14.3%40.3%12.1%0.2%0.2%-247.2M842.9M-12.0M0.884.65N/AN/A41,66436,616460,614682,393
2019-11-07$135.69$138.0013.1%3.9%14.8%57.0%13.5%1.3%0.1%-390.7M2.51B-12.4M0.866.56N/AN/A127,170109,635478,652677,844
2019-11-08$134.96$138.0012.8%3.8%14.2%54.3%13.3%1.3%0.2%-370.0M2.61B-12.2M1.753.29N/AN/A47,85783,700531,736671,941
2019-11-11$135.08$138.0013.1%3.8%13.7%56.6%13.7%1.1%0.1%-404.7M2.44B-12.1M1.041.61N/AN/A24,40625,395523,911673,654
2019-11-12$135.72$138.0012.8%3.7%13.3%53.9%13.4%1.0%-0.0%-367.7M1.79B-11.8M1.293.82N/AN/A44,36857,165533,653664,810
2019-11-13$136.36$138.0012.4%3.6%13.5%49.7%12.7%0.8%0.1%-379.1M1.31B-12.0M1.063.54N/AN/A48,71751,826546,242683,802
2019-11-14$137.72$138.0012.3%3.6%14.0%49.1%13.0%0.4%0.5%-146.6M102.5M-11.7M0.997.63N/AN/A73,10572,500556,150686,534
2019-11-15$137.69$138.0011.7%3.4%14.0%42.7%12.2%0.3%0.5%-74.3M156.1M-11.2M1.168.26N/AN/A49,77757,665563,089708,904
2019-11-18$137.99$138.0011.8%3.4%13.8%44.1%12.0%0.4%-0.6%-73.6M-294.5M-11.2M1.243.83N/AN/A31,83239,402408,129586,580
2019-11-19$139.04$138.0011.6%3.3%13.9%41.6%11.9%0.3%-0.5%64.2M-929.0M-10.9M0.583.38N/AN/A45,77426,753421,314595,809
2019-11-20$140.51$138.0012.0%3.5%14.4%46.3%12.4%0.0%-0.4%188.8M-1.74B-10.6M0.773.32N/AN/A79,47061,366425,368602,703
2019-11-21$139.64$138.0011.6%3.3%14.6%41.7%12.0%0.1%-0.5%142.5M-1.23B-10.6M0.947.20N/AN/A47,07144,131437,272611,330
2019-11-22$139.94$138.0011.3%3.3%14.5%39.2%11.7%-0.0%-0.5%292.4M-1.34B-10.5M0.484.02N/AN/A38,51118,523427,663632,082
2019-11-25$140.29$138.0011.3%3.4%14.1%38.6%11.9%0.1%-0.2%120.7M-1.33B-10.1M0.703.76N/AN/A23,81716,744401,646576,741
2019-11-26$141.12$138.0011.1%3.3%14.2%36.4%11.8%-0.1%-0.0%183.8M-1.77B-9.6M1.253.84N/AN/A35,21344,123404,372582,964
2019-11-27$140.74$138.0010.7%3.3%13.6%32.9%11.6%0.1%0.1%108.6M-1.45B-9.8M2.222.76N/AN/A13,91430,874407,055604,690
2019-11-29$140.38$138.0011.0%3.4%12.2%35.5%12.2%0.2%0.0%-13.1M-1.13B-9.7M1.763.06N/AN/A19,46134,177408,317621,240