TLT Options History — August 2021

In August 2021, TLT traded between $146.22 and $151.15. ATM implied volatility averaged 13.9%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 1.3% (HV 20d: 12.7%). Max pain ranged from $148.00 to $149.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.80.

Notable Days

  • 2021-08-13: Highest Volume — 181,924 contracts
  • 2021-08-16: Largest IV spike — 8.1% change
  • 2021-08-02: Highest IV Rank — 39.4%
  • 2021-08-03: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$148.99$146.22$151.15$150.54$148.81
Max Pain$148.32$148.00$149.00$148.00$149.00
ATM IV13.9%12.8%15.7%15.7%13.2%
Expected Move4.0%3.6%4.5%4.5%3.7%
HV 20d12.7%10.2%15.4%15.4%10.8%
HV 60d13.1%12.7%13.4%13.0%13.4%
IV Rank23.3%12.8%39.4%39.4%16.8%
IV Percentile49.9%26.2%79.4%79.4%38.9%
Term Structure0.3%-0.2%0.7%-0.1%0.1%
VWIV14.6%13.1%16.5%16.0%13.5%
Skew 25d-0.0%-0.8%0.4%-0.5%0.2%
Skew 10d-0.6%-2.4%0.9%-1.4%-0.4%
Call IV 25d14.4%12.8%16.4%16.4%13.6%
Put IV 25d14.3%13.2%15.9%15.9%13.8%
Bid-Ask Spread %44.1019.8656.1919.8651.10
Gamma HHI0.080.050.190.070.07
Net GEX-69.5M-418.7M255.7M85.5M-52.4M
Net DEX-517.7M-2.35B1.79B-2.13B-322.6M
Net VEX-18.5M-21.9M-15.9M-20.8M-17.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.800.633.201.141.39
Total Volume111,684.04552,005181,924113,07060,807
Total OI1,534,710.3641,329,6231,666,9951,447,5261,523,033

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$150.54$148.0015.7%4.5%15.4%39.4%16.0%-0.5%-0.1%85.5M-2.13B-20.8M1.1419.86N/AN/A52,88660,184625,994821,532
2021-08-03$150.74$149.0015.5%4.5%15.0%37.3%16.5%-0.3%0.0%88.8M-2.03B-21.2M2.8025.01N/AN/A41,681116,526632,833846,207
2021-08-04$151.15$149.0014.8%4.3%14.7%31.5%15.1%-0.3%0.0%137.8M-2.35B-21.1M1.2121.12N/AN/A55,53767,135668,041879,057
2021-08-05$150.43$148.0014.8%4.3%14.7%30.9%16.0%0.1%-0.1%21.9M-1.70B-21.9M0.7450.94N/AN/A89,03766,233684,242922,549
2021-08-06$147.99$148.0014.6%4.3%14.9%29.7%15.2%0.4%-0.2%-344.6M340.1M-21.8M1.7348.07N/AN/A63,952110,812663,267942,025
2021-08-09$147.40$148.0014.6%4.3%15.0%28.9%15.6%0.4%0.6%-199.1M741.1M-20.2M1.0945.92N/AN/A41,27944,985601,930916,005
2021-08-10$146.64$148.0014.5%4.3%14.9%28.4%15.6%0.4%0.6%-287.2M1.33B-20.3M2.2852.33N/AN/A24,61056,174607,553948,224
2021-08-11$146.54$148.0013.4%4.1%14.5%18.2%14.5%0.4%0.7%-333.5M1.46B-19.8M1.6656.19N/AN/A37,99863,235627,283962,399
2021-08-12$146.22$148.0012.8%3.8%13.8%12.8%13.7%0.4%0.5%-418.7M1.79B-19.0M1.8847.98N/AN/A24,18445,357624,488967,952
2021-08-13$148.46$148.0013.2%3.8%14.9%16.2%14.0%-0.2%0.3%-139.0M-42.3M-18.1M1.7441.79N/AN/A66,407115,517632,318978,492
2021-08-16$148.88$148.0014.2%4.1%12.4%25.8%14.7%-0.4%0.1%-64.7M-472.1M-17.6M2.0332.61N/AN/A40,70282,466601,245930,122
2021-08-17$148.99$148.0013.9%4.0%11.9%22.9%14.8%-0.8%0.4%-54.7M-584.6M-17.6M1.5638.72N/AN/A23,62136,951625,742971,719
2021-08-18$149.12$148.0013.8%3.9%10.9%21.5%14.4%-0.5%0.3%-56.6M-584.5M-17.7M0.6334.23N/AN/A31,91220,093634,6721,000,400
2021-08-19$150.32$148.0013.4%3.8%10.8%18.0%13.9%-0.5%0.4%150.3M-1.58B-16.8M1.5853.33N/AN/A57,58091,221638,7171,012,411
2021-08-20$150.38$148.0013.8%3.9%10.6%21.5%14.0%-0.3%0.4%255.7M-1.90B-16.5M0.7752.02N/AN/A58,24644,694657,5201,009,475
2021-08-23$150.44$148.0013.4%3.8%10.4%18.7%13.5%-0.2%0.3%109.9M-1.41B-15.9M3.2038.25N/AN/A21,55068,882552,174777,449
2021-08-24$149.36$148.0013.6%3.8%10.2%20.0%13.6%0.1%0.3%14.7M-773.1M-16.5M2.0851.25N/AN/A26,59955,254572,288796,090
2021-08-25$147.92$149.0014.2%4.1%10.7%25.3%14.6%0.4%0.4%-157.6M277.6M-17.5M2.7849.94N/AN/A40,309112,010583,085825,875
2021-08-26$148.38$149.0013.6%3.9%10.8%20.3%14.2%0.1%0.2%-154.6M96.7M-17.1M1.6355.28N/AN/A55,04589,982585,353858,165
2021-08-27$149.25$149.0013.0%3.7%10.9%14.9%13.7%0.1%0.3%-182.6M-561.4M-16.6M2.5650.89N/AN/A34,42988,030608,185932,733
2021-08-30$149.78$149.0012.9%3.6%10.6%14.1%13.1%-0.1%0.2%52.1M-1.01B-16.6M3.1853.33N/AN/A17,46855,469588,395926,389
2021-08-31$148.81$149.0013.2%3.7%10.8%16.8%13.5%0.2%0.1%-52.4M-322.6M-17.0M1.3951.10N/AN/A25,45635,351598,512924,521