TLT Options History — December 2019

In December 2019, TLT traded between $135.50 and $141.04. ATM implied volatility averaged 11.3%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded below realized volatility by 1.9% (HV 20d: 13.2%). Max pain ranged from $138.00 to $140.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.40.

Notable Days

  • 2019-12-03: Highest Volume — 216,689 contracts
  • 2019-12-13: Largest IV drop — 8.6% change
  • 2019-12-09: Highest IV Rank — 51.9%
  • 2019-12-03: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.86$135.50$141.04$138.39$135.50
Max Pain$138.76$138.00$140.00$138.00$138.00
ATM IV11.3%10.3%12.6%11.4%11.3%
Expected Move3.4%3.0%4.0%3.7%3.4%
HV 20d13.2%12.0%14.1%13.0%12.6%
HV 60d13.4%12.8%14.2%14.0%12.8%
IV Rank39.1%28.7%51.9%40.1%38.4%
IV Percentile62.8%50.8%76.2%67.1%63.1%
Term Structure0.1%-0.3%0.3%0.1%0.2%
VWIV11.9%10.3%14.4%13.2%12.1%
Skew 25d0.1%-0.3%0.5%0.4%0.4%
Skew 10d0.2%-0.7%1.3%0.9%0.5%
Call IV 25d11.5%10.4%13.0%11.5%11.3%
Put IV 25d11.6%10.8%12.8%11.9%11.6%
Bid-Ask Spread %3.272.007.233.282.82
Gamma HHI0.090.060.150.060.08
Net GEX-184.9M-464.9M77.9M-102.3M-119.5M
Net DEX600.2M-1.23B1.89B234.3M1.33B
Net VEX-10.1M-11.0M-9.2M-10.0M-9.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.374.180.740.37
Total Volume94,206.52422,645216,68978,63971,263
Total OI1,040,192.048902,1371,205,900914,177921,795

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$138.39$138.0011.4%3.7%13.0%40.1%13.2%0.4%0.1%-102.3M234.3M-10.0M0.743.28N/AN/A45,12433,515351,930562,247
2019-12-03$141.04$138.0012.3%4.0%14.0%48.7%14.4%-0.0%0.0%77.9M-1.23B-9.8M1.065.42N/AN/A105,132111,557368,670563,318
2019-12-04$139.74$138.0011.8%3.8%13.8%43.5%13.5%-0.0%0.0%-159.6M-57.7M-10.9M2.247.23N/AN/A35,87080,325381,508638,661
2019-12-05$139.15$139.0012.0%3.4%13.7%45.9%12.3%0.1%0.1%-118.6M96.4M-10.9M4.182.48N/AN/A28,536119,393390,668622,354
2019-12-06$138.28$139.0012.1%3.5%12.3%47.3%12.6%-0.1%0.2%-244.4M803.7M-11.0M1.372.00N/AN/A26,68036,474400,724682,065
2019-12-09$138.62$139.0012.6%3.7%12.0%51.9%13.0%-0.2%0.2%-169.3M348.8M-10.5M1.272.28N/AN/A19,08524,181389,410650,763
2019-12-10$138.74$139.0012.5%3.6%12.0%51.3%13.2%-0.1%0.1%-169.9M291.3M-10.3M2.462.94N/AN/A26,82866,132394,545660,074
2019-12-11$139.75$139.0012.2%3.5%12.2%47.8%12.5%0.1%0.1%-125.5M-356.4M-10.4M2.432.82N/AN/A27,26466,244408,354703,868
2019-12-12$137.43$139.0011.9%3.4%13.7%45.0%12.2%-0.1%0.1%-397.5M1.50B-10.5M1.184.71N/AN/A78,62292,718411,407729,613
2019-12-13$138.94$139.0010.9%3.2%13.8%34.5%11.4%0.3%0.1%-245.8M-48.9M-10.0M1.194.67N/AN/A60,33471,956441,069714,919
2019-12-16$137.78$139.0010.8%3.1%14.1%34.0%11.1%0.0%-0.3%-239.9M610.9M-9.2M1.092.21N/AN/A69,83376,108420,630661,920
2019-12-17$137.61$140.0010.5%3.0%14.1%31.2%10.7%-0.3%-0.1%-240.1M847.2M-10.0M1.152.63N/AN/A23,80227,256463,433698,475
2019-12-18$136.54$140.0010.9%3.1%14.1%34.6%11.2%0.1%-0.1%-464.9M1.83B-9.7M1.513.31N/AN/A38,30657,691471,829700,922
2019-12-19$136.47$140.0010.6%3.0%13.4%31.3%10.7%0.3%-0.2%-435.3M1.89B-9.9M0.923.13N/AN/A33,01030,381482,436723,464
2019-12-20$136.64$140.0010.3%3.0%13.3%28.7%10.3%0.5%-0.0%-243.5M1.64B-10.1M1.232.60N/AN/A68,16483,589493,120711,847
2019-12-23$136.42$138.0010.6%3.1%13.3%31.3%10.8%0.5%0.1%-163.8M897.3M-10.1M0.902.37N/AN/A25,60623,103360,513548,770
2019-12-24$136.68$138.0010.8%3.2%13.2%33.5%11.2%0.3%0.1%-129.8M697.1M-10.3M1.123.46N/AN/A10,68611,959375,274555,803
2019-12-26$137.08$138.0010.8%3.2%13.1%34.1%11.4%0.3%0.1%-92.1M454.2M-10.0M0.822.97N/AN/A21,04617,348378,242558,010
2019-12-27$137.39$138.0010.6%3.1%13.1%31.5%11.0%0.3%0.1%-13.6M172.6M-9.8M1.392.80N/AN/A25,30735,257384,327564,919
2019-12-30$136.81$138.0011.1%3.3%13.2%36.5%11.8%0.2%0.3%-85.8M648.7M-9.6M0.682.62N/AN/A43,27529,377363,886538,251
2019-12-31$135.50$138.0011.3%3.4%12.6%38.4%12.1%0.4%0.2%-119.5M1.33B-9.2M0.372.82N/AN/A51,92919,334381,029540,766