TLT Options History — September 2021

In September 2021, TLT traded between $143.90 and $151.36. ATM implied volatility averaged 13.0%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 1.7% (HV 20d: 11.2%). Max pain ranged from $147.00 to $153.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 2.09.

Notable Days

  • 2021-09-28: Highest Volume — 270,446 contracts
  • 2021-09-09: Largest IV drop — 6.7% change
  • 2021-09-28: Highest IV Rank — 23.7%
  • 2021-09-29: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$148.42$143.90$151.36$148.92$144.28
Max Pain$149.76$147.00$153.00$149.00$150.00
ATM IV13.0%11.8%14.0%13.1%13.6%
Expected Move3.8%3.4%4.3%3.6%4.2%
HV 20d11.2%9.5%13.6%10.8%13.5%
HV 60d13.1%12.3%13.7%13.3%13.0%
IV Rank14.5%3.3%23.7%15.4%20.5%
IV Percentile33.7%2.8%59.1%34.9%50.0%
Term Structure0.1%-0.2%0.6%0.2%0.6%
VWIV13.8%12.1%15.6%13.0%15.2%
Skew 25d0.3%-0.7%1.1%0.3%0.8%
Skew 10d-0.1%-2.1%1.7%0.3%1.1%
Call IV 25d13.3%12.0%14.4%13.3%13.7%
Put IV 25d13.6%12.3%14.9%13.7%14.5%
Bid-Ask Spread %32.2411.6252.3152.3131.89
Gamma HHI0.080.050.130.070.06
Net GEX-99.3M-537.2M345.2M-52.6M-530.7M
Net DEX901.7M-1.37B4.86B-252.9M4.32B
Net VEX-19.4M-23.6M-15.6M-17.5M-23.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.090.507.701.131.42
Total Volume130,193.61941,424270,44641,42499,668
Total OI1,557,563.9521,231,3961,750,0391,549,8861,661,006

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$148.92$149.0013.1%3.6%10.8%15.4%13.0%0.3%0.2%-52.6M-252.9M-17.5M1.1352.31N/AN/A19,47521,949598,764951,122
2021-09-02$149.43$147.0012.6%3.7%10.8%11.4%13.3%0.4%0.2%35.3M-451.5M-16.7M1.6542.98N/AN/A23,51738,834592,886974,221
2021-09-03$148.19$147.0012.4%3.6%9.5%9.0%13.2%0.3%0.3%-179.4M485.8M-17.2M1.8838.38N/AN/A41,06177,381596,264985,859
2021-09-07$147.00$148.0013.1%3.8%9.8%15.1%13.9%0.7%0.1%-230.7M1.18B-16.8M1.3437.90N/AN/A39,31752,593566,591915,405
2021-09-08$147.97$147.0012.8%3.7%9.9%12.3%13.5%0.6%0.1%-113.4M543.2M-16.7M3.8039.51N/AN/A15,67459,504587,047943,766
2021-09-09$149.58$147.0011.9%3.4%10.6%4.5%12.4%0.5%-0.1%181.0M-681.2M-15.6M0.8939.43N/AN/A85,36475,618591,017962,210
2021-09-10$148.40$147.0011.8%3.4%11.0%3.3%12.1%0.3%0.0%-46.1M419.7M-17.6M1.1435.12N/AN/A42,28248,340608,4761,004,463
2021-09-13$149.35$150.0012.3%3.5%9.8%7.9%13.0%0.2%-0.0%154.9M-167.1M-18.0M1.5541.79N/AN/A51,38479,751628,654988,782
2021-09-14$150.88$150.0012.8%3.7%10.4%12.5%13.2%-0.3%-0.2%335.7M-1.37B-18.2M0.6531.48N/AN/A128,77583,536635,9701,002,771
2021-09-15$150.44$153.0012.9%3.7%10.5%13.9%13.8%0.0%-0.1%345.2M-871.9M-18.4M2.6639.07N/AN/A25,26067,266641,9731,039,876
2021-09-16$150.03$151.0012.8%3.7%10.5%13.2%13.7%0.1%-0.1%207.3M-381.5M-19.2M0.9538.24N/AN/A39,76337,832667,3881,065,348
2021-09-17$149.17$151.0012.8%3.7%10.3%13.2%13.4%0.0%-0.1%-63.4M400.3M-19.5M1.1131.29N/AN/A81,24790,246669,9261,080,113
2021-09-20$150.92$151.0013.6%4.0%11.2%20.1%14.0%-0.7%-0.1%-32.4M-305.2M-19.1M2.0019.24N/AN/A39,59678,995458,080773,316
2021-09-21$150.71$151.0013.2%3.9%11.2%16.4%15.1%-0.6%-0.0%2.8M-444.3M-19.7M0.5034.30N/AN/A52,90226,431520,879812,277
2021-09-22$151.36$151.0013.0%3.8%10.9%15.0%13.5%-0.4%-0.0%35.7M-645.1M-20.0M7.7034.77N/AN/A22,205171,086541,159855,782
2021-09-23$148.51$151.0013.3%3.9%12.5%17.2%14.3%0.4%0.0%-249.8M1.09B-21.5M3.5521.80N/AN/A48,191171,037569,910861,348
2021-09-24$146.94$151.0013.5%4.0%13.0%19.0%14.3%0.9%0.0%-416.4M3.70B-22.8M1.7720.18N/AN/A62,781110,955588,5851,011,427
2021-09-27$146.47$151.0013.3%4.0%12.8%17.5%14.0%0.7%0.5%-433.0M3.13B-23.0M3.2522.15N/AN/A22,52173,097553,141980,778
2021-09-28$144.36$151.0014.0%4.3%13.6%23.7%15.4%0.9%0.5%-497.2M4.37B-23.6M2.3513.55N/AN/A80,611189,835580,7261,016,411
2021-09-29$143.90$151.0013.9%4.3%13.5%23.0%15.6%1.1%0.5%-537.2M4.86B-23.4M2.6011.62N/AN/A43,984114,202590,3241,034,802
2021-09-30$144.28$150.0013.6%4.2%13.5%20.5%15.2%0.8%0.6%-530.7M4.32B-23.1M1.4231.89N/AN/A41,24158,427615,0621,045,944