TLT Options History — March 2022

In March 2022, TLT traded between $128.53 and $141.42. ATM implied volatility averaged 19.8%, placing in the 75.3% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 0.7% (HV 20d: 20.5%). Max pain ranged from $133.00 to $140.50. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.88.

Notable Days

  • 2022-03-01: Highest Volume — 294,306 contracts
  • 2022-03-09: Largest IV drop — 10.0% change
  • 2022-03-01: Highest IV Rank — 100.0%
  • 2022-03-07: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.67$128.53$141.42$141.42$132.46
Max Pain$136.83$133.00$140.50$140.00$133.00
ATM IV19.8%17.4%22.9%21.0%18.8%
Expected Move5.9%5.0%7.4%6.6%5.5%
HV 20d20.5%15.6%23.6%15.6%19.9%
HV 60d16.3%14.6%17.5%14.6%17.1%
IV Rank75.3%52.3%100.0%100.0%63.7%
IV Percentile96.7%90.5%100.0%100.0%92.1%
Term Structure-0.2%-0.8%0.9%0.9%0.5%
VWIV21.3%17.7%27.9%23.5%19.6%
Skew 25d0.2%-2.3%2.1%-2.3%0.5%
Skew 10d-0.4%-5.8%3.6%-5.8%0.3%
Call IV 25d20.3%17.4%24.4%23.6%19.0%
Put IV 25d20.5%18.0%23.0%21.3%19.4%
Bid-Ask Spread %45.792.0073.2044.1170.88
Gamma HHI0.060.050.090.070.06
Net GEX-72.7M-290.8M113.6M106.8M113.6M
Net DEX2.48B-758.2M4.92B-758.2M1.02B
Net VEX-26.9M-30.1M-22.9M-28.8M-29.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.431.600.960.79
Total Volume167,671.1390,526294,306294,306105,662
Total OI1,706,069.7391,336,9991,944,4901,526,8731,765,726

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$141.42$140.0021.0%6.6%15.6%100.0%23.5%-2.3%0.9%106.8M-758.2M-28.8M0.9644.11N/AN/A150,318143,988730,544796,329
2022-03-02$137.25$140.0019.6%6.1%18.8%85.4%21.6%-1.7%-0.8%-58.2M1.88B-28.2M1.603.06N/AN/A67,470108,281809,164819,908
2022-03-03$138.00$140.0020.0%6.1%18.9%89.3%23.7%-0.9%-0.8%-38.6M1.44B-29.2M1.154.40N/AN/A51,96259,589841,244856,905
2022-03-04$140.44$140.0021.6%6.8%20.0%100.0%25.7%-1.7%-0.6%80.8M-269.4M-29.9M0.666.90N/AN/A89,14858,981858,675889,978
2022-03-07$138.86$140.5022.9%7.4%19.4%100.0%27.9%-1.8%-0.6%-16.6M815.7M-30.1M1.193.33N/AN/A41,36749,159822,426846,287
2022-03-08$138.23$140.5022.0%7.1%19.4%92.0%25.7%-0.7%-0.5%-61.5M1.48B-29.1M1.012.15N/AN/A48,14048,699835,878867,867
2022-03-09$136.54$140.5019.8%6.3%19.8%72.9%24.3%-0.5%-0.3%-150.8M2.63B-27.5M0.542.29N/AN/A94,19650,584855,128870,113
2022-03-10$134.42$140.5018.8%5.6%20.4%63.9%20.4%-1.1%-0.2%-246.7M4.22B-26.2M0.962.00N/AN/A124,033118,999884,166869,286
2022-03-11$134.84$140.0017.9%5.3%19.8%56.4%20.2%-1.0%-0.2%-168.2M3.77B-26.8M0.6230.50N/AN/A126,63278,901954,580898,640
2022-03-14$131.96$137.0019.6%5.4%20.6%71.0%19.3%1.0%-0.4%-269.8M4.92B-24.3M0.7767.37N/AN/A140,948107,866946,728849,948
2022-03-15$131.61$137.0019.1%5.3%20.5%67.2%18.9%1.0%-0.5%-250.1M4.59B-25.0M1.3666.67N/AN/A80,977109,9211,030,626840,316
2022-03-16$132.18$136.0018.3%5.2%20.2%59.9%18.2%1.1%-0.7%-262.1M4.36B-24.8M0.9371.10N/AN/A90,81884,3551,056,970855,541
2022-03-17$131.36$135.0017.4%5.0%20.2%52.3%17.7%1.0%-0.1%-290.8M4.81B-23.8M1.0565.16N/AN/A61,09964,2831,092,373852,117
2022-03-18$133.34$135.0017.7%5.0%20.9%55.0%18.1%0.9%-0.6%24.6M3.12B-25.0M0.9573.20N/AN/A80,52876,4281,104,207835,291
2022-03-21$130.43$135.0019.0%5.5%21.6%65.6%19.2%2.1%-0.2%-69.9M2.67B-23.3M0.6466.35N/AN/A110,87371,242739,657597,342
2022-03-22$128.53$135.0019.7%5.6%21.9%71.9%20.5%1.5%-0.1%-123.5M3.28B-22.9M1.0567.50N/AN/A121,147127,807794,867640,553
2022-03-23$130.89$134.0019.9%5.7%23.1%73.6%20.1%1.8%-0.2%-19.1M2.28B-25.7M0.5368.86N/AN/A112,88059,669843,552697,683
2022-03-24$130.90$134.0021.0%6.0%23.2%83.0%21.5%1.1%-0.1%3.9M2.10B-26.9M0.4367.63N/AN/A125,53554,540870,398715,321
2022-03-25$128.94$134.0021.4%6.2%23.6%87.1%21.9%1.6%-0.3%-55.8M2.85B-26.5M0.9865.46N/AN/A126,102124,113939,170723,583
2022-03-28$129.60$134.0021.0%6.1%22.1%83.0%21.5%1.6%0.5%-5.1M2.35B-28.2M0.6766.85N/AN/A68,82945,966969,426718,892
2022-03-29$130.34$133.0019.8%5.8%21.6%73.2%20.5%1.2%0.5%17.3M2.10B-28.4M0.7866.69N/AN/A57,26544,473984,294732,418
2022-03-30$131.80$133.0018.9%5.6%20.0%65.3%19.8%0.9%0.6%68.0M1.45B-28.9M0.6270.76N/AN/A57,24135,422989,793745,694
2022-03-31$132.46$133.0018.8%5.5%19.9%63.7%19.6%0.5%0.5%113.6M1.02B-29.7M0.7970.88N/AN/A59,08546,5771,012,889752,837