TLT Options History — January 2022

In January 2022, TLT traded between $140.33 and $144.92. ATM implied volatility averaged 15.8%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 1.9% (HV 20d: 14.0%). Max pain ranged from $145.00 to $150.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.22.

Notable Days

2022-01-21: Highest Volume — 213,431 contracts
2022-01-18: Largest IV spike — 8.7% change
2022-01-18: Highest IV Rank — 49.9%
2022-01-18: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$142.64	$140.33	$144.92	$144.92	$142.29
Max Pain	$146.95	$145.00	$150.00	$150.00	$145.00
ATM IV	15.8%	15.1%	16.9%	16.3%	15.9%
Expected Move	4.5%	4.2%	4.8%	4.7%	4.5%
HV 20d	14.0%	12.4%	15.3%	14.4%	15.0%
HV 60d	15.3%	15.0%	15.6%	15.5%	15.3%
IV Rank	40.6%	33.6%	49.9%	44.7%	40.8%
IV Percentile	82.8%	70.6%	94.0%	89.7%	82.9%
Term Structure	-0.1%	-0.5%	0.4%	-0.2%	-0.2%
VWIV	16.4%	15.2%	17.9%	16.7%	16.2%
Skew 25d	0.8%	-0.0%	1.4%	1.2%	0.5%
Skew 10d	0.9%	-3.7%	2.3%	1.9%	0.4%
Call IV 25d	15.9%	15.2%	16.6%	16.1%	16.1%
Put IV 25d	16.8%	15.8%	17.8%	17.3%	16.6%
Bid-Ask Spread %	11.38	1.62	69.14	3.26	18.59
Gamma HHI	0.08	0.05	0.11	0.07	0.06
Net GEX	-297.9M	-527.8M	-77.8M	-325.5M	-147.6M
Net DEX	3.13B	1.63B	4.55B	2.84B	1.93B
Net VEX	-22.3M	-23.6M	-20.2M	-20.2M	-23.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.22	0.64	2.08	2.05	1.42
Total Volume	146,973.15	78,497	213,431	182,385	78,497
Total OI	1,455,064.45	1,181,268	1,745,210	1,292,925	1,250,415

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$144.92	$150.00	16.3%	4.7%	14.4%	44.7%	16.7%	1.2%	-0.2%	-325.5M	2.84B	-20.2M	2.05	3.26	N/A	N/A	59,759	122,626	440,236	852,689
2022-01-04	$143.28	$149.00	16.5%	4.8%	14.3%	46.9%	17.0%	1.0%	-0.2%	-432.5M	3.74B	-20.8M	2.08	3.62	N/A	N/A	69,043	143,449	454,657	905,630
2022-01-05	$142.89	$148.00	16.2%	4.7%	14.2%	44.2%	16.4%	1.3%	-0.1%	-458.0M	4.01B	-21.1M	1.69	2.14	N/A	N/A	71,578	120,646	480,771	944,739
2022-01-06	$143.37	$148.00	16.1%	4.5%	13.3%	42.7%	16.6%	1.2%	-0.1%	-446.6M	3.80B	-21.3M	2.07	68.93	N/A	N/A	63,101	130,434	512,573	969,005
2022-01-07	$142.40	$148.00	15.6%	4.4%	13.2%	38.5%	15.8%	1.1%	-0.2%	-527.8M	4.49B	-22.1M	1.45	69.14	N/A	N/A	73,942	107,155	529,640	1,026,884
2022-01-10	$142.47	$148.00	15.7%	4.4%	13.2%	39.6%	16.1%	1.1%	-0.2%	-390.3M	3.71B	-21.9M	1.09	2.97	N/A	N/A	61,632	67,061	527,909	966,826
2022-01-11	$143.18	$148.00	15.6%	4.4%	12.4%	38.4%	15.7%	1.3%	-0.1%	-352.0M	3.27B	-22.1M	0.76	2.69	N/A	N/A	49,662	37,753	557,855	981,265
2022-01-12	$143.10	$148.00	15.3%	4.3%	12.4%	35.7%	15.8%	1.2%	-0.3%	-369.4M	3.34B	-21.7M	0.72	2.36	N/A	N/A	61,962	44,641	562,579	989,313
2022-01-13	$144.36	$148.00	15.1%	4.2%	12.9%	33.6%	15.2%	0.8%	-0.4%	-263.8M	2.55B	-21.6M	1.14	2.01	N/A	N/A	62,161	71,153	588,129	1,002,113
2022-01-14	$141.82	$148.00	15.5%	4.4%	14.1%	37.5%	15.9%	1.4%	-0.4%	-461.2M	4.39B	-21.8M	0.85	2.21	N/A	N/A	109,271	93,073	594,582	1,029,917
2022-01-18	$140.33	$148.00	16.9%	4.8%	13.4%	49.9%	17.0%	1.2%	-0.5%	-402.3M	4.55B	-22.0M	1.26	1.64	N/A	N/A	80,165	101,068	624,466	979,256
2022-01-19	$141.34	$146.00	16.4%	4.7%	13.9%	45.7%	17.9%	1.3%	-0.5%	-342.9M	3.94B	-22.9M	0.69	1.88	N/A	N/A	106,726	73,870	664,203	998,101
2022-01-20	$141.85	$146.00	16.1%	4.6%	14.0%	42.5%	17.2%	0.6%	-0.4%	-292.7M	3.51B	-22.9M	1.03	1.62	N/A	N/A	48,353	49,733	717,497	1,003,007
2022-01-21	$143.46	$146.00	15.9%	4.6%	14.6%	40.9%	16.5%	0.4%	-0.2%	-166.3M	2.36B	-23.4M	0.64	2.19	N/A	N/A	130,497	82,934	733,909	1,011,301
2022-01-24	$142.85	$145.00	15.9%	4.7%	14.4%	41.2%	16.6%	0.7%	0.2%	-77.8M	1.74B	-23.0M	1.16	2.34	N/A	N/A	46,886	54,227	496,365	684,903
2022-01-25	$142.03	$145.00	15.3%	4.5%	14.4%	35.5%	16.0%	0.3%	0.4%	-141.7M	2.27B	-23.2M	1.09	2.01	N/A	N/A	38,877	42,554	501,802	705,314
2022-01-26	$140.92	$145.00	16.0%	4.6%	14.6%	41.9%	16.7%	0.1%	0.3%	-190.3M	2.79B	-22.9M	1.26	1.97	N/A	N/A	63,691	80,478	513,323	711,689
2022-01-27	$142.80	$145.00	15.4%	4.5%	15.3%	36.4%	16.6%	-0.0%	0.2%	-83.9M	1.78B	-23.5M	0.82	13.66	N/A	N/A	73,080	59,741	534,243	739,327
2022-01-28	$143.24	$145.00	15.3%	4.4%	15.1%	35.9%	15.6%	0.4%	0.4%	-86.2M	1.63B	-23.6M	1.15	22.38	N/A	N/A	50,125	57,859	548,570	766,286
2022-01-31	$142.29	$145.00	15.9%	4.5%	15.0%	40.8%	16.2%	0.5%	-0.2%	-147.6M	1.93B	-23.1M	1.42	18.59	N/A	N/A	32,501	45,996	515,409	735,006