TLT Options History — August 2020

In August 2020, TLT traded between $160.97 and $171.46. ATM implied volatility averaged 14.8%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 4.3% (HV 20d: 10.5%). Max pain ranged from $165.00 to $168.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.23.

Notable Days

  • 2020-08-27: Highest Volume — 167,394 contracts
  • 2020-08-19: Largest IV spike — 8.0% change
  • 2020-08-28: Highest IV Rank — 16.2%
  • 2020-08-27: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$165.92$160.97$171.46$169.89$162.28
Max Pain$166.24$165.00$168.00$168.00$165.00
ATM IV14.8%13.5%16.2%14.6%16.0%
Expected Move4.2%3.9%4.7%4.1%4.6%
HV 20d10.5%8.6%12.0%10.0%12.0%
HV 60d12.7%12.1%13.5%13.5%12.1%
IV Rank12.6%9.2%16.2%12.1%15.7%
IV Percentile54.4%35.3%71.8%53.2%70.2%
Term Structure0.1%-0.3%0.7%-0.3%-0.0%
VWIV15.6%14.0%17.1%14.7%16.2%
Skew 25d1.0%-0.2%1.8%0.5%1.8%
Skew 10d2.2%-0.1%3.8%1.2%3.8%
Call IV 25d14.8%13.4%15.8%15.2%15.8%
Put IV 25d15.8%14.7%17.6%15.6%17.6%
Bid-Ask Spread %4.522.5810.787.343.19
Gamma HHI0.090.070.170.080.13
Net GEX-111.1M-377.0M190.8M94.0M-227.0M
Net DEX344.5M-2.09B1.97B-1.26B1.15B
Net VEX-14.5M-15.2M-14.0M-14.0M-14.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.333.040.510.91
Total Volume87,250.42936,118167,394103,93174,342
Total OI1,080,719.429922,9021,232,466922,9021,090,136

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$169.89$168.0014.6%4.1%10.0%12.1%14.7%0.5%-0.3%94.0M-1.26B-14.0M0.517.34N/AN/A68,93434,997400,984521,918
2020-08-04$171.46$168.0014.4%4.1%9.4%11.6%14.9%-0.2%-0.1%190.8M-2.09B-14.4M0.338.72N/AN/A65,90321,947437,101538,324
2020-08-05$170.18$168.0014.8%4.0%9.9%12.5%15.1%0.3%-0.2%119.1M-1.38B-14.4M0.8310.78N/AN/A20,28916,839425,041555,069
2020-08-06$170.97$166.0014.6%4.2%8.6%12.2%16.5%0.2%-0.2%149.2M-1.71B-14.2M1.269.27N/AN/A47,14559,522428,385563,477
2020-08-07$169.76$168.0014.9%4.3%8.8%13.0%16.0%0.3%-0.2%33.3M-1.03B-14.8M1.616.41N/AN/A29,58147,773438,006606,009
2020-08-10$169.11$168.0014.1%4.0%8.9%10.9%15.9%0.9%-0.1%33.0M-756.9M-14.3M2.524.03N/AN/A23,83160,071421,992596,358
2020-08-11$167.12$168.0014.1%4.1%10.0%10.7%14.8%1.5%0.1%-99.3M213.7M-14.4M1.353.44N/AN/A63,32885,552427,303618,647
2020-08-12$165.56$168.0013.5%3.9%10.4%9.2%14.0%1.2%0.1%-177.7M986.8M-14.2M1.983.40N/AN/A42,04683,304447,936641,220
2020-08-13$163.85$167.0014.5%4.1%10.8%11.8%15.0%1.8%-0.1%-218.6M1.69B-14.5M1.043.41N/AN/A58,91561,474462,168656,100
2020-08-14$163.28$166.0014.4%4.2%10.8%11.6%14.9%1.0%0.2%-273.0M1.80B-14.6M1.022.82N/AN/A44,88245,957474,107659,347
2020-08-17$163.68$166.0014.5%4.2%10.8%11.9%15.8%0.4%0.2%-215.5M1.45B-14.3M1.593.22N/AN/A28,28645,054466,203650,582
2020-08-18$164.78$165.0014.1%4.1%11.1%10.9%14.8%1.0%-0.1%-175.6M967.1M-14.5M0.503.08N/AN/A46,75823,325476,153672,263
2020-08-19$163.85$165.0015.3%4.4%11.2%13.9%16.9%1.2%-0.2%-202.0M1.34B-14.5M1.065.31N/AN/A48,44551,421504,823679,871
2020-08-20$165.29$165.0014.4%4.1%10.9%11.7%15.8%1.3%0.1%-132.6M662.2M-15.2M1.173.44N/AN/A23,48627,565521,755703,359
2020-08-21$166.18$165.0014.1%4.0%11.1%10.8%15.1%0.8%0.3%-168.1M77.4M-14.5M1.012.65N/AN/A30,24730,510524,658707,808
2020-08-24$166.00$165.0014.5%4.2%11.0%11.9%15.1%1.0%0.4%-78.1M-82.6M-14.5M0.892.77N/AN/A19,13116,987416,860614,584
2020-08-25$164.79$165.0015.5%4.5%10.8%14.4%16.3%1.3%0.3%-141.8M510.7M-14.7M1.173.41N/AN/A19,70423,055422,097620,934
2020-08-26$164.01$165.0015.9%4.6%10.9%15.5%17.1%1.5%0.3%-171.2M772.5M-14.6M3.042.93N/AN/A24,29573,845426,457628,674
2020-08-27$161.31$165.0016.1%4.7%11.5%16.0%16.4%1.5%0.5%-377.0M1.96B-14.3M0.762.70N/AN/A95,06472,330434,006664,329
2020-08-28$160.97$165.0016.2%4.6%11.4%16.2%16.2%1.7%0.7%-294.9M1.97B-14.6M1.262.58N/AN/A33,66942,450463,300686,764
2020-08-31$162.28$165.0016.0%4.6%12.0%15.7%16.2%1.8%-0.0%-227.0M1.15B-14.3M0.913.19N/AN/A38,97935,363441,562648,574