TLT Options History — October 2020

In October 2020, TLT traded between $157.28 and $163.47. ATM implied volatility averaged 16.2%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 5.3% (HV 20d: 10.9%). Max pain ranged from $161.00 to $165.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.54.

Notable Days

  • 2020-10-06: Highest Volume — 239,835 contracts
  • 2020-10-05: Largest IV spike — 18.9% change
  • 2020-10-30: Highest IV Rank — 22.2%
  • 2020-10-30: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$160.24$157.28$163.47$163.47$158.14
Max Pain$162.73$161.00$165.00$164.00$161.00
ATM IV16.2%13.7%18.5%13.7%18.5%
Expected Move4.7%3.7%5.9%3.8%5.9%
HV 20d10.9%9.7%12.4%10.6%12.4%
HV 60d11.5%10.6%11.8%11.1%11.6%
IV Rank16.2%9.7%22.2%9.7%22.2%
IV Percentile67.6%40.9%83.7%40.9%83.7%
Term Structure0.2%-0.9%3.4%3.3%-0.3%
VWIV16.8%13.0%20.6%13.7%20.6%
Skew 25d2.0%1.1%2.9%1.1%2.5%
Skew 10d3.5%0.8%9.1%1.8%0.8%
Call IV 25d15.4%13.0%17.4%13.0%17.0%
Put IV 25d17.4%14.1%20.1%14.1%19.5%
Bid-Ask Spread %3.312.294.984.763.22
Gamma HHI0.090.040.340.080.08
Net GEX-340.6M-885.4M-59.7M-235.0M-329.2M
Net DEX1.23B95.5M2.37B477.7M1.76B
Net VEX-12.0M-14.9M-10.0M-12.5M-14.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.523.801.331.17
Total Volume94,139.13652,966239,83564,27464,571
Total OI1,129,310.409883,9221,276,1481,196,1171,210,569

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$163.47$164.0013.7%3.8%10.6%9.7%13.7%1.1%3.3%-235.0M477.7M-12.5M1.334.76N/AN/A27,57336,701376,511819,606
2020-10-02$162.78$164.0014.7%3.7%10.4%12.3%13.0%1.2%3.4%-350.2M852.0M-12.9M1.232.36N/AN/A39,47448,385385,930822,239
2020-10-05$159.72$165.0017.4%5.1%9.8%19.6%17.7%2.8%-0.4%-495.7M2.37B-12.7M1.133.19N/AN/A46,79152,963374,542809,343
2020-10-06$160.79$165.0016.4%4.8%9.7%16.7%17.3%2.5%0.0%-443.2M1.61B-12.3M3.803.98N/AN/A49,990189,845391,855801,679
2020-10-07$158.94$165.0017.4%4.9%10.3%19.6%17.4%2.3%-0.3%-435.2M2.08B-12.1M1.223.62N/AN/A51,88363,469408,647787,529
2020-10-08$160.07$165.0015.7%4.5%10.3%15.0%16.7%2.1%0.0%-328.0M1.53B-11.6M1.683.25N/AN/A28,91448,689436,394758,184
2020-10-09$159.83$163.0015.6%4.5%10.2%14.8%15.8%2.6%0.1%-528.8M1.76B-11.5M1.693.55N/AN/A33,75556,967446,985787,180
2020-10-12$160.58$163.0016.0%4.5%10.5%15.7%16.5%2.3%-0.2%-308.1M1.21B-11.2M1.513.25N/AN/A21,90433,111415,620764,187
2020-10-13$161.71$163.0014.8%4.2%10.9%12.7%15.2%1.8%-0.2%-192.2M627.3M-10.9M0.923.26N/AN/A31,81929,240421,889786,352
2020-10-14$162.12$163.0014.6%4.1%10.7%12.1%15.0%1.8%-0.2%-158.5M411.3M-10.4M1.372.99N/AN/A26,39936,221425,590801,529
2020-10-15$161.82$163.0015.2%4.3%10.5%13.6%15.2%2.1%-0.2%-223.5M654.9M-10.2M1.933.34N/AN/A23,39045,098427,309816,271
2020-10-16$161.53$163.0014.5%4.2%10.4%11.9%14.9%1.7%0.0%-401.4M862.0M-10.0M1.593.23N/AN/A35,49856,571431,663844,485
2020-10-19$160.88$163.0015.5%4.4%10.2%14.4%15.8%2.9%-0.5%-303.3M874.1M-10.1M1.832.29N/AN/A26,47148,542285,815598,107
2020-10-20$159.00$162.0016.1%4.6%10.9%16.0%16.1%2.7%0.9%-432.0M1.65B-10.7M1.932.86N/AN/A26,69851,440296,911621,713
2020-10-21$158.61$162.0016.8%4.8%10.8%17.7%17.0%1.6%-0.6%-436.7M1.70B-10.9M0.902.80N/AN/A64,64658,025306,318628,206
2020-10-22$157.28$161.0017.2%5.0%10.9%18.9%17.9%1.7%-0.6%-472.8M2.37B-12.4M1.733.30N/AN/A52,34790,516346,399661,864
2020-10-23$158.07$161.0016.7%4.9%11.2%17.7%17.3%1.7%-0.9%-885.4M2.27B-12.9M0.742.76N/AN/A65,71448,942379,006693,713
2020-10-26$159.67$161.0016.5%5.0%12.0%17.2%17.7%1.4%0.2%-137.4M568.1M-13.0M0.523.30N/AN/A39,63520,499404,144606,447
2020-10-27$160.58$161.0016.1%4.9%12.2%16.0%17.0%1.7%0.4%-64.9M104.4M-12.5M0.922.52N/AN/A27,65925,307418,876609,535
2020-10-28$160.67$161.0017.7%5.6%11.9%20.3%20.4%2.0%0.2%-59.7M95.5M-13.2M3.164.98N/AN/A44,836141,474431,147617,731
2020-10-29$158.97$161.0018.4%5.8%12.4%22.2%20.6%1.9%-0.1%-271.8M1.29B-14.9M1.504.04N/AN/A23,65035,439445,798741,011
2020-10-30$158.14$161.0018.5%5.9%12.4%22.2%20.6%2.5%-0.3%-329.2M1.76B-14.7M1.173.22N/AN/A29,73334,838454,304756,265