TLT Options History — May 2021

In May 2021, TLT traded between $135.54 and $139.94. ATM implied volatility averaged 13.0%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 4.4% (HV 20d: 8.6%). Max pain ranged from $140.00 to $145.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 2.31.

Notable Days

  • 2021-05-12: Highest Volume — 185,899 contracts
  • 2021-05-20: Largest IV drop — 7.2% change
  • 2021-05-04: Highest IV Rank — 21.9%
  • 2021-05-04: Largest Expected Move — 4.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.89$135.54$139.94$138.60$138.69
Max Pain$144.05$140.00$145.00$140.00$143.00
ATM IV13.0%11.9%13.9%13.7%11.9%
Expected Move3.8%3.4%4.1%4.0%3.4%
HV 20d8.6%7.8%10.1%9.3%8.6%
HV 60d13.0%10.8%14.1%14.0%10.8%
IV Rank13.2%3.5%21.9%20.3%3.5%
IV Percentile18.9%3.6%33.7%30.6%3.6%
Term Structure0.4%-0.2%2.9%0.0%0.4%
VWIV13.8%12.3%14.9%14.2%12.3%
Skew 25d1.0%0.6%1.5%1.2%0.7%
Skew 10d1.3%-0.2%3.6%1.8%0.2%
Call IV 25d12.9%11.7%14.0%13.5%11.7%
Put IV 25d14.0%12.4%15.0%14.6%12.4%
Bid-Ask Spread %21.111.9055.812.561.90
Gamma HHI0.140.070.400.100.11
Net GEX-406.8M-1.01B-206.4M-326.9M-290.0M
Net DEX2.29B1.16B3.80B1.87B1.69B
Net VEX-16.1M-16.9M-15.4M-16.2M-16.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.310.585.102.181.57
Total Volume100,518.344,480185,89988,12180,715
Total OI1,335,366.351,208,8081,484,4531,216,1121,425,446

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$138.60$140.0013.7%4.0%9.3%20.3%14.2%1.2%0.0%-326.9M1.87B-16.2M2.182.56N/AN/A27,67360,448467,480748,632
2021-05-04$139.35$140.0013.9%4.1%9.1%21.9%14.6%1.1%-0.0%-281.4M1.43B-16.6M2.962.79N/AN/A31,67093,679478,704778,245
2021-05-05$139.64$140.0013.9%4.1%8.8%21.7%14.3%0.8%0.0%-289.0M1.36B-16.9M5.102.23N/AN/A14,82975,603490,021801,737
2021-05-06$139.94$145.0013.6%4.0%8.5%18.9%14.7%0.8%-0.0%-281.8M1.16B-16.5M4.4246.60N/AN/A14,00361,894489,604813,657
2021-05-07$138.97$145.0012.9%3.9%8.9%12.5%14.1%1.2%0.3%-1.01B1.89B-16.2M2.1450.68N/AN/A36,80978,597492,312827,086
2021-05-10$137.75$145.0013.6%4.0%9.5%19.1%14.2%1.5%0.3%-357.7M2.38B-15.9M1.5655.81N/AN/A40,52363,052484,586779,517
2021-05-11$137.15$145.0013.1%4.0%9.3%14.6%14.9%1.4%1.0%-466.0M2.99B-16.8M2.7531.28N/AN/A24,66767,768490,278830,237
2021-05-12$135.54$145.0012.5%4.1%10.1%9.0%14.9%1.2%2.9%-555.0M3.80B-16.3M2.4651.33N/AN/A53,713132,186496,330825,486
2021-05-13$135.99$145.0013.2%3.9%8.0%14.9%14.1%1.4%0.6%-549.2M3.63B-16.6M2.2653.52N/AN/A32,68773,963516,099855,254
2021-05-14$136.85$145.0012.8%3.7%8.2%11.2%14.1%1.1%0.3%-473.5M3.03B-16.2M1.5352.44N/AN/A44,38667,924523,385867,132
2021-05-17$136.69$145.0013.1%3.8%8.1%14.1%13.4%1.3%0.1%-471.6M2.94B-16.1M0.584.05N/AN/A28,07816,402514,248848,947
2021-05-18$136.46$145.0013.1%3.8%7.8%14.4%14.1%1.2%0.0%-512.6M3.07B-15.7M1.522.81N/AN/A27,98942,470520,764857,452
2021-05-19$136.22$145.0013.7%3.9%7.8%19.8%14.3%1.2%-0.2%-523.0M3.36B-16.2M1.6850.13N/AN/A34,96258,802535,857868,266
2021-05-20$137.11$145.0012.7%3.6%8.1%10.7%13.3%1.0%-0.1%-457.1M2.72B-15.5M3.052.28N/AN/A23,96773,195547,472905,300
2021-05-21$137.67$145.0012.4%3.6%8.3%7.7%13.1%0.8%-0.2%-343.5M2.39B-15.4M1.882.41N/AN/A30,31056,957557,456926,997
2021-05-24$138.12$145.0012.5%3.6%8.4%9.0%13.1%0.9%0.4%-295.7M1.85B-15.5M2.352.36N/AN/A24,09656,712440,189768,619
2021-05-25$139.40$145.0012.5%3.6%8.6%8.8%12.9%0.9%0.6%-206.4M1.23B-15.5M1.692.56N/AN/A57,70597,687454,948787,919
2021-05-26$139.07$144.0012.4%3.6%8.6%8.2%13.0%0.6%0.4%-210.1M1.33B-16.1M1.612.32N/AN/A37,75460,695481,987842,369
2021-05-27$138.58$144.0012.0%3.5%8.6%3.9%12.4%0.7%0.6%-236.8M1.58B-16.3M2.922.11N/AN/A26,97878,818500,462866,847
2021-05-28$138.69$143.0011.9%3.4%8.6%3.5%12.3%0.7%0.4%-290.0M1.69B-16.5M1.571.90N/AN/A31,43549,280508,954916,492