TLT Options History — June 2020

In June 2020, TLT traded between $156.00 and $165.18. ATM implied volatility averaged 16.2%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 0.1% (HV 20d: 16.1%). Max pain ranged from $160.00 to $164.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.97.

Notable Days

  • 2020-06-11: Highest Volume — 183,737 contracts
  • 2020-06-30: Largest IV drop — 6.0% change
  • 2020-06-16: Highest IV Rank — 20.9%
  • 2020-06-03: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$161.40$156.00$165.18$162.21$163.99
Max Pain$161.66$160.00$164.00$162.50$162.00
ATM IV16.2%15.0%17.3%16.3%15.0%
Expected Move4.6%4.3%5.4%4.7%4.3%
HV 20d16.1%14.9%17.5%16.3%15.6%
HV 60d23.3%16.0%35.2%35.2%16.0%
IV Rank18.0%14.9%20.9%18.3%14.9%
IV Percentile71.9%57.5%79.8%75.8%57.5%
Term Structure0.0%-0.7%0.4%-0.3%0.2%
VWIV16.8%15.5%19.9%17.0%15.5%
Skew 25d0.3%-0.8%1.3%0.0%-0.8%
Skew 10d-0.1%-1.7%2.3%-0.3%-1.7%
Call IV 25d16.6%15.9%17.6%17.1%15.9%
Put IV 25d16.9%15.1%18.3%17.1%15.1%
Bid-Ask Spread %6.913.5513.774.783.55
Gamma HHI0.090.050.150.050.05
Net GEX-25.0M-231.1M268.2M-22.9M122.0M
Net DEX-257.3M-2.03B2.17B-127.3M-1.31B
Net VEX-11.6M-12.7M-10.0M-12.6M-10.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.262.171.100.74
Total Volume87,377.09130,271183,73730,271118,687
Total OI979,107.182770,4391,151,849930,151791,906

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$162.21$162.5016.3%4.7%16.3%18.3%17.0%0.0%-0.3%-22.9M-127.3M-12.6M1.104.78N/AN/A14,39915,872416,174513,977
2020-06-02$161.74$162.5016.3%4.7%16.2%18.1%16.6%0.1%-0.5%-36.5M25.8M-11.8M0.744.27N/AN/A32,67124,294419,321519,278
2020-06-03$159.54$162.5017.2%5.4%16.8%20.5%19.9%1.0%-0.5%-101.3M862.7M-12.4M1.975.20N/AN/A49,14596,633435,031532,539
2020-06-04$157.39$164.0016.8%4.8%16.6%19.5%17.2%1.3%-0.3%-179.7M1.73B-12.4M1.146.58N/AN/A61,36370,205448,678578,401
2020-06-05$156.00$163.0016.4%4.7%15.3%18.4%17.2%1.3%-0.4%-231.1M2.17B-12.4M1.378.24N/AN/A60,13382,105473,781595,690
2020-06-08$156.54$160.0016.2%4.6%14.9%17.9%17.1%0.5%0.0%-156.8M1.42B-12.1M0.968.96N/AN/A39,73938,170451,666571,593
2020-06-09$158.51$160.0016.4%4.7%15.7%18.5%17.3%0.8%0.1%-74.9M635.6M-12.3M2.099.76N/AN/A27,02356,369470,889577,043
2020-06-10$160.67$161.0016.3%4.5%16.1%18.2%16.4%0.4%-0.7%-13.0M-177.5M-12.2M1.039.49N/AN/A53,20154,719468,241573,206
2020-06-11$163.83$161.0015.9%4.6%17.5%17.2%16.6%0.6%-0.0%100.1M-1.61B-12.2M1.2613.51N/AN/A81,467102,270485,899603,869
2020-06-12$162.42$162.0016.1%4.6%17.2%17.7%16.9%0.3%-0.1%-4.2M-759.2M-12.7M0.7812.69N/AN/A41,16532,029496,959654,056
2020-06-15$162.57$162.0016.6%4.8%17.2%19.0%17.2%0.8%-0.2%-49.0M-650.3M-12.1M0.766.29N/AN/A32,68324,700472,109629,721
2020-06-16$160.25$162.0017.3%5.0%15.8%20.9%18.0%0.3%0.1%-170.4M487.3M-12.0M0.7713.77N/AN/A63,28048,910472,560633,198
2020-06-17$160.60$161.0016.9%4.8%15.7%19.7%17.4%0.6%0.3%-146.1M226.0M-12.0M0.445.10N/AN/A31,75314,070498,170642,244
2020-06-18$162.24$161.0016.3%4.7%16.1%18.2%16.8%0.3%0.3%-37.9M-728.7M-11.5M0.654.13N/AN/A32,33820,867510,125641,724
2020-06-19$162.17$161.0015.8%4.5%16.1%17.1%16.3%0.2%0.4%-88.1M-652.2M-11.1M0.635.21N/AN/A40,90425,658506,649642,742
2020-06-22$162.42$161.0015.9%4.5%15.9%17.3%16.3%0.3%0.3%-53.4M-725.6M-10.5M0.673.67N/AN/A60,37740,153343,955433,274
2020-06-23$161.39$161.0015.8%4.5%15.6%17.0%16.9%0.2%0.4%-63.8M-522.7M-10.9M2.174.72N/AN/A21,03545,575366,938423,860
2020-06-24$162.97$161.0016.1%4.6%16.0%17.7%16.4%-0.0%0.1%82.3M-1.10B-10.3M0.585.13N/AN/A42,34124,546368,718422,596
2020-06-25$163.47$162.0015.4%4.4%15.9%16.0%15.5%-0.4%0.3%173.0M-1.35B-10.2M0.854.61N/AN/A38,77233,119391,536438,541
2020-06-26$165.18$162.0015.8%4.4%16.0%16.9%15.9%-0.3%0.4%268.2M-2.03B-10.5M0.264.58N/AN/A66,16317,437402,477450,585
2020-06-29$164.68$162.0015.9%4.5%15.6%17.3%16.3%-0.5%0.1%132.9M-1.48B-10.0M0.477.78N/AN/A31,32814,628373,124397,315
2020-06-30$163.99$162.0015.0%4.3%15.6%14.9%15.5%-0.8%0.2%122.0M-1.31B-10.2M0.743.55N/AN/A68,03450,653386,702405,204