TLT Options History — April 2022

In April 2022, TLT traded between $118.82 and $132.51. ATM implied volatility averaged 22.4%, placing in the 84.4% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.4% (HV 20d: 18.0%). Max pain ranged from $128.00 to $133.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.02.

Notable Days

2022-04-14: Highest Volume — 429,043 contracts
2022-04-05: Largest IV spike — 7.8% change
2022-04-08: Highest IV Rank — 100.0%
2022-04-11: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$123.31	$118.82	$132.51	$132.51	$119.66
Max Pain	$130.30	$128.00	$133.00	$133.00	$128.00
ATM IV	22.4%	19.1%	25.0%	19.1%	22.3%
Expected Move	6.4%	5.4%	7.1%	5.4%	6.6%
HV 20d	18.0%	16.2%	19.4%	18.6%	16.2%
HV 60d	17.8%	17.1%	18.3%	17.1%	18.3%
IV Rank	84.4%	66.5%	100.0%	66.5%	80.1%
IV Percentile	97.4%	93.7%	100.0%	93.7%	95.2%
Term Structure	-0.2%	-0.6%	0.7%	0.7%	-0.4%
VWIV	22.8%	19.4%	24.6%	19.4%	23.6%
Skew 25d	1.1%	-0.1%	2.0%	0.9%	0.3%
Skew 10d	1.2%	-0.7%	2.5%	0.7%	0.2%
Call IV 25d	22.3%	18.9%	24.2%	18.9%	23.1%
Put IV 25d	23.4%	19.8%	26.1%	19.8%	23.4%
Bid-Ask Spread %	33.95	8.83	70.71	70.71	27.46
Gamma HHI	0.07	0.04	0.12	0.06	0.07
Net GEX	-72.2M	-201.2M	124.5M	124.5M	-79.5M
Net DEX	3.46B	1.11B	5.46B	1.11B	3.77B
Net VEX	-26.9M	-29.8M	-24.4M	-29.8M	-25.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.43	3.80	0.79	1.09
Total Volume	237,637.8	100,350	429,043	132,059	183,786
Total OI	1,942,007.15	1,587,252	2,174,244	1,780,291	2,140,778

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
2022-04-01	$132.51	$133.00	19.1%	5.4%	18.6%	66.5%	19.4%	0.9%	0.7%	124.5M	1.11B	-29.8M	0.79	70.71	N/A	N/A	73,651	58,408	1,009,464	770,827
2022-04-04	$131.25	$133.00	19.4%	5.5%	18.5%	69.2%	19.6%	0.9%	-0.1%	40.5M	1.50B	-28.4M	3.80	70.38	N/A	N/A	38,823	147,482	910,979	676,273
2022-04-05	$128.72	$133.00	20.9%	5.9%	19.4%	82.4%	20.9%	1.2%	-0.2%	-68.4M	2.68B	-27.9M	1.08	70.02	N/A	N/A	108,287	117,316	923,575	718,328
2022-04-06	$127.38	$133.00	21.9%	6.1%	19.3%	91.4%	21.5%	1.3%	-0.4%	-135.8M	3.25B	-27.7M	1.32	70.22	N/A	N/A	116,958	154,767	963,502	756,297
2022-04-07	$126.25	$133.00	22.8%	6.4%	18.9%	98.9%	22.4%	2.0%	-0.6%	-201.2M	3.68B	-27.7M	1.44	30.24	N/A	N/A	101,500	146,480	1,002,322	794,348
2022-04-08	$124.71	$132.00	23.3%	6.5%	19.0%	100.0%	22.9%	1.6%	-0.1%	-133.7M	4.41B	-26.9M	1.35	40.44	N/A	N/A	158,697	213,715	1,030,319	845,999
2022-04-11	$122.96	$132.00	25.0%	7.1%	18.3%	100.0%	24.6%	1.8%	-0.1%	-173.8M	4.62B	-26.4M	0.87	30.69	N/A	N/A	179,747	156,047	1,044,522	860,120
2022-04-12	$122.88	$130.00	23.1%	6.6%	18.3%	85.8%	24.2%	1.5%	0.2%	-129.2M	4.45B	-26.8M	0.43	32.20	N/A	N/A	158,365	68,436	1,144,628	924,901
2022-04-13	$123.25	$130.00	21.5%	6.2%	18.2%	74.3%	21.7%	1.0%	0.1%	-75.8M	4.30B	-26.3M	0.53	22.95	N/A	N/A	121,107	63,962	1,192,667	916,348
2022-04-14	$120.57	$130.00	22.8%	6.4%	19.4%	83.8%	22.7%	1.6%	-0.3%	-192.3M	5.46B	-25.0M	1.33	11.87	N/A	N/A	184,530	244,513	1,239,776	934,468
2022-04-18	$120.03	$130.00	23.7%	6.7%	18.0%	90.0%	23.4%	1.7%	-0.3%	-148.5M	4.10B	-24.8M	0.79	8.83	N/A	N/A	132,339	105,003	956,340	808,457
2022-04-19	$118.82	$129.00	23.5%	6.7%	17.0%	88.8%	24.2%	1.4%	-0.4%	-156.6M	4.34B	-24.4M	1.12	15.83	N/A	N/A	173,602	194,874	1,018,567	822,280
2022-04-20	$121.11	$129.00	22.5%	6.4%	18.5%	81.2%	22.9%	1.2%	-0.2%	-34.0M	3.19B	-26.8M	0.47	32.52	N/A	N/A	157,877	73,432	1,093,198	907,612
2022-04-21	$120.55	$128.00	23.1%	6.7%	16.7%	86.0%	23.9%	1.3%	-0.5%	-59.3M	3.48B	-26.3M	0.88	9.21	N/A	N/A	156,057	136,987	1,120,416	914,249
2022-04-22	$120.01	$129.00	23.1%	6.7%	16.6%	85.7%	23.8%	0.9%	-0.5%	-30.6M	3.42B	-26.6M	0.86	30.01	N/A	N/A	97,151	83,671	1,180,950	928,465
2022-04-25	$121.41	$128.00	22.9%	6.7%	17.1%	84.4%	24.3%	0.2%	-0.5%	9.9M	2.75B	-27.7M	0.50	22.90	N/A	N/A	161,311	81,039	1,126,831	862,681
2022-04-26	$122.48	$129.00	22.3%	6.5%	17.3%	80.1%	23.5%	0.1%	-0.2%	39.6M	2.40B	-28.5M	0.46	29.84	N/A	N/A	126,242	57,605	1,173,584	896,616
2022-04-27	$120.90	$129.00	22.2%	6.5%	17.4%	79.1%	23.3%	-0.1%	-0.2%	-13.2M	3.14B	-27.2M	0.61	31.39	N/A	N/A	62,277	38,073	1,211,283	891,870
2022-04-28	$120.82	$128.00	22.3%	6.6%	16.5%	79.7%	23.6%	0.4%	-0.3%	-27.3M	3.24B	-26.7M	0.76	21.35	N/A	N/A	67,516	51,123	1,230,016	896,287
2022-04-29	$119.66	$128.00	22.3%	6.6%	16.2%	80.1%	23.6%	0.3%	-0.4%	-79.5M	3.77B	-25.9M	1.09	27.46	N/A	N/A	87,847	95,939	1,244,709	896,069