TLT Options History — December 2021

In December 2021, TLT traded between $146.67 and $154.41. ATM implied volatility averaged 15.4%, placing in the 36.7% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 1.1% (HV 20d: 16.5%). Max pain ranged from $150.00 to $150.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.53.

Notable Days

  • 2021-12-15: Highest Volume — 332,684 contracts
  • 2021-12-07: Largest IV drop — 5.9% change
  • 2021-12-03: Highest IV Rank — 53.5%
  • 2021-12-03: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$149.83$146.67$154.41$151.95$148.29
Max Pain$150.00$150.00$150.00$150.00$150.00
ATM IV15.4%14.7%17.2%16.1%15.1%
Expected Move4.5%4.2%5.5%5.1%4.3%
HV 20d16.5%13.5%18.4%17.1%13.8%
HV 60d15.1%14.7%15.6%14.8%14.9%
IV Rank36.7%30.4%53.5%43.0%33.6%
IV Percentile77.7%64.3%96.0%89.7%73.4%
Term Structure0.1%-0.2%0.3%0.2%0.2%
VWIV16.4%15.2%20.2%18.1%15.5%
Skew 25d-0.1%-1.3%0.7%-0.5%0.4%
Skew 10d-1.1%-3.5%0.8%-2.1%0.0%
Call IV 25d16.1%14.9%18.6%17.3%15.4%
Put IV 25d16.0%15.2%17.5%16.8%15.8%
Bid-Ask Spread %4.222.467.774.313.40
Gamma HHI0.070.040.160.070.06
Net GEX-99.7M-309.5M377.4M126.8M-222.6M
Net DEX551.4M-3.06B2.17B-1.32B1.39B
Net VEX-21.3M-23.5M-19.7M-21.3M-20.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.530.383.731.530.96
Total Volume149,000.54575,804332,684136,996108,094
Total OI1,562,352.6821,205,2911,857,1131,588,4761,341,378

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$151.95$150.0016.1%5.1%17.1%43.0%18.1%-0.5%0.2%126.8M-1.32B-21.3M1.534.31N/AN/A54,20482,792585,7481,002,728
2021-12-02$152.04$150.0016.8%5.5%16.8%49.8%20.2%-1.1%0.0%152.0M-1.40B-21.6M0.853.49N/AN/A160,397135,735597,1541,007,928
2021-12-03$154.41$150.0017.2%5.5%17.4%53.5%19.4%-1.3%-0.1%377.4M-3.06B-22.9M1.123.56N/AN/A74,38683,082704,6221,103,531
2021-12-06$152.46$150.0017.0%4.8%17.5%51.0%17.5%-0.5%0.0%168.7M-1.39B-23.2M3.736.88N/AN/A34,070127,126684,8011,064,341
2021-12-07$151.25$150.0016.0%4.7%17.8%41.8%16.7%0.1%0.2%21.6M-146.4M-23.3M2.443.95N/AN/A47,199114,951690,1741,113,430
2021-12-08$148.69$150.0015.2%4.4%18.4%34.7%15.7%-0.0%0.1%-277.5M1.89B-23.5M2.217.77N/AN/A57,072125,868698,6901,137,145
2021-12-09$149.28$150.0015.5%4.4%17.5%37.4%15.9%0.2%0.2%-212.7M1.22B-22.8M1.215.42N/AN/A54,44165,735710,6201,137,219
2021-12-10$148.96$150.0014.7%4.3%17.5%30.4%16.7%0.6%0.2%-253.1M1.60B-22.5M2.073.48N/AN/A57,322118,755712,8271,144,286
2021-12-13$150.81$150.0015.0%4.3%17.9%32.6%15.5%0.2%-0.0%41.3M-101.4M-21.2M1.273.54N/AN/A89,241113,158693,8251,115,874
2021-12-14$150.70$150.0015.3%4.3%17.0%35.3%16.0%0.2%-0.2%-38.2M121.8M-20.7M2.193.67N/AN/A39,17285,981669,6791,115,840
2021-12-15$149.69$150.0014.8%4.2%17.3%30.8%15.2%0.7%-0.1%-191.6M835.7M-20.6M0.385.50N/AN/A240,32692,358672,9471,122,983
2021-12-16$149.07$150.0014.9%4.2%17.3%32.0%15.7%0.0%-0.1%-305.2M1.51B-21.1M0.715.28N/AN/A50,16335,596561,5651,105,073
2021-12-17$150.70$150.0015.0%4.3%17.6%33.1%16.8%-0.6%0.1%-81.9M274.2M-20.1M1.133.55N/AN/A77,74487,545570,4871,098,601
2021-12-20$149.82$150.0015.5%4.4%17.4%37.1%16.6%-0.6%-0.0%-123.7M697.5M-20.6M2.982.95N/AN/A32,10595,765413,718791,573
2021-12-21$148.81$150.0015.4%4.4%17.0%36.8%16.5%-0.1%0.1%-195.5M1.26B-20.8M1.674.57N/AN/A62,821105,035424,397821,280
2021-12-22$149.70$150.0014.7%4.2%16.5%30.5%15.4%-0.3%0.2%-171.4M813.0M-20.7M1.502.46N/AN/A37,87956,733445,396856,434
2021-12-23$148.50$150.0014.8%4.2%16.2%31.4%15.3%0.2%0.2%-50.1M1.40B-20.5M0.793.27N/AN/A61,31348,670449,208849,110
2021-12-27$148.73$150.0014.9%4.3%14.1%32.2%15.8%-0.1%0.3%-162.9M1.13B-20.2M1.354.86N/AN/A32,28243,522434,223826,766
2021-12-28$148.21$150.0014.9%4.2%14.1%32.5%15.2%0.1%0.1%-202.7M1.41B-19.7M1.333.47N/AN/A36,45848,449438,240836,139
2021-12-29$146.67$150.0015.3%4.3%13.5%35.2%15.6%0.7%0.1%-309.5M2.17B-20.0M1.053.70N/AN/A57,04259,716445,115846,544
2021-12-30$147.54$150.0014.8%4.2%13.7%31.6%15.5%0.5%0.3%-281.9M1.83B-20.7M1.123.75N/AN/A41,35346,356458,535871,585
2021-12-31$148.29$150.0015.1%4.3%13.8%33.6%15.5%0.4%0.2%-222.6M1.39B-20.5M0.963.40N/AN/A55,17452,920465,406875,972