TLT Options History — November 2021

In November 2021, TLT traded between $144.78 and $151.50. ATM implied volatility averaged 15.2%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 0.2% (HV 20d: 14.9%). Max pain ranged from $147.00 to $149.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.70.

Notable Days

  • 2021-11-26: Highest Volume — 277,302 contracts
  • 2021-11-22: Largest IV spike — 7.7% change
  • 2021-11-30: Highest IV Rank — 44.9%
  • 2021-11-30: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.60$144.78$151.50$146.46$151.50
Max Pain$147.33$147.00$149.00$149.00$148.00
ATM IV15.2%13.7%16.3%15.5%16.3%
Expected Move4.5%3.9%5.1%4.9%5.1%
HV 20d14.9%13.5%17.1%14.4%17.1%
HV 60d13.4%12.5%14.9%12.5%14.9%
IV Rank34.5%20.9%44.9%37.2%44.9%
IV Percentile79.6%47.6%91.7%85.3%91.7%
Term Structure-0.1%-0.6%0.6%-0.3%0.2%
VWIV16.3%14.5%18.3%17.3%18.3%
Skew 25d0.8%-0.4%1.8%1.7%-0.4%
Skew 10d0.3%-3.5%2.8%2.8%-1.4%
Call IV 25d15.3%13.4%17.4%15.2%17.1%
Put IV 25d16.1%14.7%17.1%16.9%16.7%
Bid-Ask Spread %16.412.3244.892.354.91
Gamma HHI0.070.050.110.060.08
Net GEX-215.1M-502.9M107.8M-181.1M107.8M
Net DEX1.32B-1.31B3.60B1.75B-1.31B
Net VEX-22.1M-24.0M-19.4M-23.8M-20.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.542.981.730.85
Total Volume159,921.71476,412277,30295,105209,759
Total OI1,671,393.9051,339,5311,861,6661,621,3141,507,082

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$146.46$149.0015.5%4.9%14.4%37.2%17.3%1.7%-0.3%-181.1M1.75B-23.8M1.732.35N/AN/A34,84360,262603,7671,017,547
2021-11-02$147.07$149.0014.8%4.6%13.9%30.8%16.6%1.1%-0.2%-152.6M1.40B-23.3M1.782.80N/AN/A37,01166,018619,8901,039,228
2021-11-03$146.14$149.0014.5%4.4%14.1%28.8%16.3%1.8%-0.1%-311.9M2.26B-23.0M1.892.32N/AN/A72,817137,625628,1461,077,315
2021-11-04$147.10$147.0013.8%4.0%13.5%22.2%15.1%1.7%-0.1%-162.6M1.36B-22.7M2.9844.89N/AN/A50,318149,711653,5841,070,491
2021-11-05$149.40$147.0014.8%4.3%14.2%30.8%15.6%1.0%-0.1%1.0M-305.5M-23.5M1.7628.81N/AN/A88,377155,262662,8671,139,014
2021-11-08$149.11$147.0014.9%4.4%14.2%31.9%15.8%0.6%0.4%-58.9M248.4M-23.4M1.6133.82N/AN/A29,25347,159649,8401,135,657
2021-11-09$150.70$147.0015.4%4.5%13.8%37.0%16.6%0.0%0.4%59.9M-948.6M-22.9M1.4036.15N/AN/A113,130158,891656,4781,148,488
2021-11-10$148.19$147.0015.2%4.5%15.0%34.8%16.1%0.4%0.5%-310.3M1.61B-24.0M2.4135.38N/AN/A51,766124,836654,5801,207,086
2021-11-11$147.96$147.0015.3%4.5%14.9%36.1%16.7%0.4%0.5%-320.8M1.68B-23.9M2.165.31N/AN/A28,57561,685643,0961,198,275
2021-11-12$147.29$147.0015.8%4.6%14.9%40.0%16.6%0.9%0.6%-305.5M2.22B-23.6M1.2918.99N/AN/A71,03891,359648,7691,191,271
2021-11-15$145.32$147.0016.3%4.7%15.6%44.4%16.6%0.7%-0.5%-465.3M3.56B-22.9M1.9710.17N/AN/A62,311122,640627,6711,150,026
2021-11-16$145.12$147.0015.9%4.6%14.7%41.0%17.3%0.4%-0.4%-502.9M3.60B-22.6M2.2227.15N/AN/A41,71192,720640,7021,156,452
2021-11-17$146.07$147.0015.0%4.3%14.5%33.2%15.3%0.9%-0.4%-427.8M2.77B-21.4M1.9331.82N/AN/A60,546116,742644,7291,161,423
2021-11-18$146.64$147.0014.2%4.1%14.5%26.0%14.8%0.8%-0.1%-365.5M2.15B-21.2M1.1735.38N/AN/A45,95453,720650,5461,133,786
2021-11-19$148.19$147.0013.7%3.9%14.6%20.9%14.5%0.9%-0.1%-152.8M640.4M-20.2M1.196.34N/AN/A63,19175,464652,3801,140,117
2021-11-22$146.40$147.0014.7%4.3%15.4%30.6%15.6%0.9%-0.2%-311.7M1.60B-20.8M1.702.80N/AN/A44,30375,226441,906897,625
2021-11-23$144.78$147.0015.3%4.5%15.7%35.3%16.1%0.9%-0.3%-422.0M2.66B-21.3M2.093.60N/AN/A52,724110,100454,117921,936
2021-11-24$146.72$147.0015.3%4.6%15.0%35.5%16.5%0.9%-0.4%-337.0M1.47B-20.7M1.362.56N/AN/A39,45653,521463,959945,839
2021-11-26$150.00$147.0016.3%5.0%16.9%44.8%18.0%-0.4%-0.6%69.2M-471.3M-19.4M0.545.42N/AN/A180,42496,878471,565951,518
2021-11-29$149.42$147.0015.6%4.9%16.9%38.0%17.6%0.6%-0.0%34.6M-289.0M-20.1M1.653.68N/AN/A49,37981,651537,226903,278
2021-11-30$151.50$148.0016.3%5.1%17.1%44.9%18.3%-0.4%0.2%107.8M-1.31B-20.4M0.854.91N/AN/A113,62496,135554,700952,382