TLT Options History — April 2021

In April 2021, TLT traded between $136.75 and $140.32. ATM implied volatility averaged 14.4%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 2.3% (HV 20d: 12.1%). Max pain ranged from $139.00 to $140.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 2.03.

Notable Days

  • 2021-04-15: Highest Volume — 212,266 contracts
  • 2021-04-08: Largest IV drop — 6.9% change
  • 2021-04-07: Highest IV Rank — 31.8%
  • 2021-04-01: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.59$136.75$140.32$137.51$138.62
Max Pain$139.86$139.00$140.00$139.00$140.00
ATM IV14.4%13.4%15.4%15.2%13.4%
Expected Move4.1%3.9%4.4%4.4%3.9%
HV 20d12.1%9.5%14.4%14.1%9.5%
HV 60d14.1%13.8%14.5%14.5%14.0%
IV Rank23.8%16.8%31.8%27.2%17.6%
IV Percentile40.7%24.6%57.1%52.0%24.6%
Term Structure-0.1%-0.9%0.2%-0.0%-0.0%
VWIV14.8%13.9%15.7%15.7%14.2%
Skew 25d1.0%0.2%3.9%1.8%0.9%
Skew 10d0.3%-3.7%4.6%2.5%-3.7%
Call IV 25d14.3%13.1%15.1%14.6%13.4%
Put IV 25d15.4%14.2%17.6%16.4%14.3%
Bid-Ask Spread %22.121.8036.451.802.89
Gamma HHI0.100.080.170.090.12
Net GEX-254.3M-570.0M40.3M-112.0M-570.0M
Net DEX1.58B283.3M2.31B1.60B2.03B
Net VEX-17.0M-18.8M-16.0M-18.8M-16.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.030.814.752.033.68
Total Volume105,441.90548,576212,266139,611164,555
Total OI1,330,557.9521,157,9151,518,4051,411,0701,295,987

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$137.51$139.0015.2%4.4%14.1%27.2%15.7%1.8%-0.0%-112.0M1.60B-18.8M2.031.80N/AN/A46,12793,484616,355794,715
2021-04-05$136.75$140.0015.2%4.2%14.2%27.3%15.1%1.5%-0.9%-229.1M2.31B-18.0M0.8327.57N/AN/A26,48422,092583,922778,112
2021-04-06$137.78$139.0014.8%4.2%14.4%26.9%15.0%1.2%-0.2%-141.9M1.60B-18.0M1.2829.85N/AN/A42,99954,937602,321780,855
2021-04-07$136.96$139.0015.4%4.3%14.0%31.8%15.2%1.6%-0.2%-190.5M2.09B-17.8M1.5534.45N/AN/A45,32070,262606,611777,177
2021-04-08$137.88$140.0014.4%4.2%14.2%23.0%14.9%1.3%-0.0%-138.0M1.59B-18.2M0.9536.43N/AN/A32,02930,409623,389816,066
2021-04-09$137.60$140.0014.1%4.0%14.1%20.9%14.6%1.6%0.0%-151.5M1.80B-17.7M1.9728.31N/AN/A27,60054,364621,453828,043
2021-04-12$137.32$140.0014.8%4.3%11.5%26.7%15.1%1.3%0.2%-221.9M2.11B-17.0M1.7736.45N/AN/A20,76936,749599,739793,622
2021-04-13$138.21$140.0014.0%4.0%11.6%19.9%14.8%3.9%0.1%-205.0M1.64B-16.6M2.2526.14N/AN/A40,01489,910601,651820,134
2021-04-14$138.03$140.0013.6%3.9%11.5%16.8%14.0%1.8%0.1%-259.0M1.78B-16.2M2.1029.51N/AN/A31,79766,867607,768838,504
2021-04-15$140.32$140.0014.3%4.1%12.3%22.8%14.8%0.8%-0.2%40.3M283.3M-16.5M0.9630.98N/AN/A108,104104,162618,843857,981
2021-04-16$139.39$140.0014.6%4.2%12.3%25.1%15.0%0.4%0.1%-234.5M1.48B-17.4M1.6433.86N/AN/A62,315101,892608,525909,880
2021-04-19$138.83$140.0014.8%4.2%12.5%26.7%15.2%0.7%0.1%-283.7M1.64B-17.7M0.819.53N/AN/A43,27635,136440,627717,288
2021-04-20$139.57$140.0014.9%4.3%11.6%27.3%15.1%0.5%-0.0%-218.0M1.19B-17.1M1.8728.69N/AN/A24,31145,580464,671714,067
2021-04-21$139.61$140.0014.4%4.1%11.3%23.3%14.6%0.2%0.0%-263.3M1.20B-16.9M1.5826.02N/AN/A26,44041,818466,950733,065
2021-04-22$140.17$140.0014.1%4.1%11.3%22.3%14.6%0.2%-0.0%-223.0M924.5M-16.8M1.1433.21N/AN/A33,06437,831474,363747,060
2021-04-23$140.03$140.0014.3%4.1%11.0%25.9%14.7%0.5%-0.4%-387.8M938.4M-16.0M3.3834.68N/AN/A31,158105,244484,729752,682
2021-04-26$140.00$140.0014.2%4.1%10.9%24.5%14.7%0.4%-0.1%-289.7M1.14B-16.0M3.894.34N/AN/A17,28567,302457,753751,992
2021-04-27$138.83$140.0014.1%4.1%10.8%23.8%14.7%0.4%0.1%-390.9M1.84B-16.3M1.643.24N/AN/A41,51668,236463,980759,818
2021-04-28$138.78$140.0014.0%4.0%10.6%22.5%14.2%0.7%0.0%-391.2M1.78B-16.7M2.543.36N/AN/A22,63457,475487,030770,919
2021-04-29$138.28$140.0013.5%3.9%10.5%17.7%13.9%0.7%0.0%-479.1M2.11B-16.0M4.753.19N/AN/A24,816117,917493,424779,646
2021-04-30$138.62$140.0013.4%3.9%9.5%17.6%14.2%0.9%-0.0%-570.0M2.03B-16.1M3.682.89N/AN/A35,156129,399499,517796,470