TLT Options History — June 2022

In June 2022, TLT traded between $108.84 and $116.17. ATM implied volatility averaged 21.3%, placing in the 66.2% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 0.8% (HV 20d: 20.5%). Max pain ranged from $115.50 to $120.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.74.

Notable Days

2022-06-13: Highest Volume — 386,884 contracts
2022-06-13: Largest IV spike — 30.8% change
2022-06-13: Highest IV Rank — 100.0%
2022-06-13: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$113.03	$108.84	$116.17	$116.04	$115.32
Max Pain	$117.60	$115.50	$120.00	$120.00	$116.00
ATM IV	21.3%	18.3%	26.8%	19.9%	21.4%
Expected Move	6.1%	5.2%	7.7%	5.9%	5.9%
HV 20d	20.5%	17.6%	22.9%	20.9%	22.6%
HV 60d	19.4%	18.6%	20.5%	19.0%	20.5%
IV Rank	66.2%	50.2%	100.0%	62.4%	63.7%
IV Percentile	85.5%	73.4%	100.0%	82.9%	84.1%
Term Structure	-0.0%	-1.0%	1.1%	-0.2%	-0.0%
VWIV	21.6%	18.4%	26.5%	21.0%	21.4%
Skew 25d	1.7%	0.3%	3.9%	0.7%	0.3%
Skew 10d	3.0%	-2.1%	7.4%	0.6%	0.2%
Call IV 25d	20.9%	18.3%	25.5%	20.0%	21.9%
Put IV 25d	22.7%	18.9%	29.3%	20.6%	22.1%
Bid-Ask Spread %	20.04	1.43	41.57	6.18	1.43
Gamma HHI	0.07	0.04	0.13	0.09	0.04
Net GEX	26.1M	-85.6M	183.9M	104.6M	183.9M
Net DEX	3.50B	925.1M	5.60B	3.24B	925.1M
Net VEX	-21.1M	-24.8M	-17.7M	-24.8M	-23.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.49	1.10	0.83	0.58
Total Volume	207,324.81	109,067	386,884	193,110	297,938
Total OI	2,295,779.048	1,754,332	2,758,143	2,438,679	2,034,591

Daily Data (21 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
2022-06-01	$116.04	$120.00	19.9%	5.9%	20.9%	62.4%	21.0%	0.7%	-0.2%	104.6M	3.24B	-24.8M	0.83	6.18	N/A	N/A	105,386	87,724	1,567,769	870,910
2022-06-02	$116.17	$119.00	18.9%	5.4%	20.9%	54.7%	19.5%	0.5%	-0.3%	56.4M	3.34B	-23.4M	0.67	16.05	N/A	N/A	111,725	74,915	1,577,487	892,537
2022-06-03	$115.56	$119.00	18.3%	5.2%	18.9%	50.2%	18.4%	0.6%	-0.2%	64.5M	3.88B	-22.2M	0.88	16.92	N/A	N/A	109,325	96,426	1,589,672	900,142
2022-06-06	$113.94	$119.00	19.2%	5.5%	18.8%	56.7%	20.1%	0.9%	0.1%	-16.8M	4.40B	-21.0M	0.97	6.89	N/A	N/A	97,635	94,932	1,531,881	856,940
2022-06-07	$115.06	$119.00	19.0%	5.5%	18.9%	55.0%	20.2%	0.8%	0.1%	55.7M	3.58B	-22.1M	0.60	19.07	N/A	N/A	82,599	49,357	1,571,251	886,155
2022-06-08	$114.31	$118.00	19.4%	5.6%	18.5%	57.6%	20.7%	0.9%	0.2%	28.6M	4.05B	-21.1M	0.95	20.87	N/A	N/A	74,643	71,050	1,577,713	869,419
2022-06-09	$114.35	$120.00	19.5%	5.6%	17.6%	58.3%	19.7%	1.4%	-0.0%	31.5M	4.04B	-20.6M	0.89	19.61	N/A	N/A	57,713	51,354	1,608,405	875,856
2022-06-10	$113.81	$120.00	20.5%	5.9%	17.6%	66.0%	20.7%	1.8%	0.0%	-8.4M	4.44B	-20.1M	1.03	36.15	N/A	N/A	104,734	107,885	1,626,140	888,283
2022-06-13	$109.89	$119.00	26.8%	7.7%	20.6%	100.0%	26.5%	3.9%	-0.7%	-68.0M	5.35B	-18.2M	1.10	35.60	N/A	N/A	183,953	202,931	1,590,961	835,787
2022-06-14	$108.84	$118.00	25.4%	7.3%	20.7%	90.5%	24.8%	3.9%	-0.7%	-85.6M	5.60B	-17.7M	0.64	29.12	N/A	N/A	157,070	100,092	1,677,728	874,530
2022-06-15	$110.00	$117.00	23.7%	6.8%	20.9%	79.1%	23.2%	3.1%	-1.0%	-85.5M	5.27B	-18.8M	0.59	41.57	N/A	N/A	96,952	56,808	1,743,828	879,544
2022-06-16	$111.37	$117.00	23.6%	6.8%	20.3%	78.5%	24.5%	3.4%	-0.6%	-8.1M	4.49B	-20.7M	0.66	25.84	N/A	N/A	171,223	113,419	1,782,427	875,589
2022-06-17	$112.11	$117.00	22.1%	6.4%	20.4%	68.6%	22.6%	2.5%	-0.8%	12.0M	4.18B	-21.1M	0.63	30.12	N/A	N/A	140,737	89,037	1,850,516	907,627
2022-06-21	$109.95	$116.00	23.1%	6.7%	20.5%	75.1%	23.2%	2.6%	0.6%	-35.7M	3.19B	-18.6M	0.57	25.54	N/A	N/A	108,582	61,368	1,088,397	665,935
2022-06-22	$113.12	$116.00	21.1%	6.1%	22.9%	62.2%	21.8%	1.6%	0.7%	58.8M	2.02B	-21.5M	0.72	25.07	N/A	N/A	129,327	92,614	1,132,830	698,602
2022-06-23	$113.73	$116.00	21.1%	6.1%	21.8%	62.3%	22.1%	1.5%	1.1%	78.2M	1.81B	-22.3M	0.49	16.40	N/A	N/A	227,361	111,912	1,196,636	728,871
2022-06-24	$112.67	$116.00	21.1%	6.0%	21.8%	62.1%	21.2%	1.6%	1.0%	58.8M	2.34B	-21.8M	0.83	35.47	N/A	N/A	112,368	93,589	1,275,225	751,371
2022-06-27	$111.76	$116.00	21.6%	6.1%	21.9%	65.6%	21.3%	1.7%	-0.0%	3.3M	2.79B	-20.4M	0.72	4.53	N/A	N/A	76,985	55,118	1,217,442	729,993
2022-06-28	$111.93	$116.00	21.4%	5.9%	21.9%	64.1%	21.3%	1.5%	0.1%	19.1M	2.68B	-20.6M	0.62	5.83	N/A	N/A	80,817	50,474	1,238,343	741,710
2022-06-29	$113.76	$115.50	20.5%	5.6%	22.0%	58.2%	19.8%	1.2%	0.0%	101.5M	1.83B	-21.7M	0.52	2.54	N/A	N/A	109,083	56,660	1,256,530	745,787
2022-06-30	$115.32	$116.00	21.4%	5.9%	22.6%	63.7%	21.4%	0.3%	-0.0%	183.9M	925.1M	-23.5M	0.58	1.43	N/A	N/A	188,491	109,447	1,285,525	749,066