TLT Options History — July 2022

In July 2022, TLT traded between $112.46 and $118.30. ATM implied volatility averaged 20.7%, placing in the 59.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 0.6% (HV 20d: 20.1%). Max pain ranged from $116.00 to $117.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.54.

Notable Days

2022-07-01: Highest Volume — 262,427 contracts
2022-07-05: Largest IV spike — 6.3% change
2022-07-05: Highest IV Rank — 78.3%
2022-07-05: Largest Expected Move — 6.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$115.93	$112.46	$118.30	$115.82	$118.16
Max Pain	$116.53	$116.00	$117.50	$116.00	$117.50
ATM IV	20.7%	18.0%	23.6%	22.2%	18.0%
Expected Move	5.9%	5.2%	6.6%	6.3%	5.2%
HV 20d	20.1%	16.0%	24.3%	22.6%	16.0%
HV 60d	20.2%	19.7%	20.7%	20.2%	19.7%
IV Rank	59.4%	41.6%	78.3%	69.1%	41.6%
IV Percentile	77.4%	56.3%	97.2%	89.7%	56.3%
Term Structure	0.0%	-0.4%	0.8%	-0.0%	0.4%
VWIV	21.1%	18.2%	24.2%	22.9%	18.2%
Skew 25d	-0.3%	-1.5%	0.3%	-0.7%	-0.1%
Skew 10d	-1.0%	-3.9%	1.5%	-2.2%	-0.4%
Call IV 25d	21.3%	18.3%	25.0%	23.3%	18.3%
Put IV 25d	21.0%	18.2%	23.5%	22.6%	18.2%
Bid-Ask Spread %	17.12	3.73	60.54	15.39	7.62
Gamma HHI	0.07	0.05	0.24	0.05	0.09
Net GEX	132.9M	24.4M	292.5M	199.9M	208.0M
Net DEX	1.17B	-44.9M	2.83B	810.7M	592.8M
Net VEX	-22.7M	-26.4M	-20.7M	-25.6M	-22.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.37	0.67	0.52	0.67
Total Volume	176,371.9	121,670	262,427	262,427	160,345
Total OI	1,974,660.8	1,690,011	2,224,281	2,145,797	1,887,954

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
2022-07-01	$115.82	$116.00	22.2%	6.3%	22.6%	69.1%	22.9%	-0.7%	-0.0%	199.9M	810.7M	-25.6M	0.52	15.39	N/A	N/A	172,826	89,601	1,350,347	795,450
2022-07-05	$116.97	$117.00	23.6%	6.6%	22.8%	78.3%	24.2%	-1.5%	-0.0%	214.0M	253.3M	-26.4M	0.43	9.06	N/A	N/A	161,824	69,174	1,335,317	752,351
2022-07-06	$114.90	$117.00	23.2%	6.5%	23.2%	75.7%	23.5%	-0.8%	0.8%	130.3M	1.47B	-24.9M	0.55	7.96	N/A	N/A	118,979	65,999	1,367,232	769,981
2022-07-07	$113.79	$117.00	22.6%	6.4%	23.1%	72.1%	23.2%	-0.9%	-0.3%	55.9M	2.18B	-23.1M	0.37	8.44	N/A	N/A	122,989	44,984	1,376,730	782,598
2022-07-08	$112.46	$117.00	21.7%	6.1%	23.4%	65.6%	21.8%	-0.7%	-0.1%	24.4M	2.83B	-21.9M	0.60	6.09	N/A	N/A	125,437	75,549	1,402,452	781,461
2022-07-11	$114.06	$116.00	21.9%	6.2%	24.0%	67.6%	22.3%	-0.2%	-0.3%	97.2M	2.02B	-22.0M	0.51	7.05	N/A	N/A	91,910	46,613	1,377,875	754,798
2022-07-12	$115.38	$116.00	22.2%	6.3%	24.3%	69.2%	22.7%	-0.2%	-0.2%	154.0M	1.42B	-22.7M	0.58	7.61	N/A	N/A	105,969	61,635	1,395,519	755,090
2022-07-13	$116.49	$116.00	22.1%	6.3%	20.4%	68.3%	22.1%	0.0%	-0.3%	204.9M	937.2M	-23.2M	0.38	33.71	N/A	N/A	173,751	65,776	1,428,120	780,128
2022-07-14	$115.97	$116.00	21.9%	6.2%	20.1%	66.9%	22.1%	-0.2%	-0.2%	168.2M	1.16B	-22.9M	0.56	10.66	N/A	N/A	109,331	61,038	1,401,067	794,370
2022-07-15	$116.23	$116.00	20.6%	5.9%	19.9%	58.3%	21.0%	-0.3%	-0.4%	292.5M	927.8M	-22.9M	0.61	6.11	N/A	N/A	144,359	88,493	1,417,177	807,104
2022-07-18	$115.09	$116.00	20.4%	5.8%	20.0%	57.0%	20.9%	-0.1%	0.2%	61.2M	1.38B	-22.4M	0.63	3.73	N/A	N/A	99,640	62,279	1,050,039	639,972
2022-07-19	$114.35	$116.00	19.5%	5.6%	20.1%	51.6%	19.9%	-0.2%	-0.1%	38.7M	1.72B	-21.0M	0.60	54.23	N/A	N/A	84,168	50,254	1,064,676	653,285
2022-07-20	$114.46	$116.00	19.8%	5.7%	18.6%	53.3%	20.0%	0.3%	-0.1%	43.9M	1.70B	-20.7M	0.65	60.54	N/A	N/A	73,566	48,104	1,097,513	671,550
2022-07-21	$116.41	$116.00	19.6%	5.6%	16.8%	52.0%	20.4%	0.1%	-0.0%	145.8M	845.0M	-21.7M	0.49	41.80	N/A	N/A	93,629	45,452	1,114,697	687,461
2022-07-22	$118.30	$116.00	19.1%	5.5%	17.6%	48.9%	19.7%	-0.3%	0.1%	211.0M	-44.9M	-23.5M	0.58	6.87	N/A	N/A	131,040	75,729	1,115,068	700,686
2022-07-25	$117.18	$117.00	19.1%	5.5%	17.6%	48.8%	20.0%	-0.0%	0.5%	101.2M	841.8M	-22.4M	0.37	11.31	N/A	N/A	98,425	36,120	1,062,835	682,742
2022-07-26	$117.63	$117.00	19.4%	5.6%	17.2%	51.0%	19.8%	-0.2%	0.2%	121.2M	638.1M	-22.5M	0.66	23.12	N/A	N/A	86,413	56,629	1,099,447	689,112
2022-07-27	$117.10	$117.50	19.1%	5.4%	17.4%	48.3%	19.4%	-0.1%	0.1%	79.5M	1.06B	-21.2M	0.55	11.70	N/A	N/A	99,299	54,366	1,114,635	707,261
2022-07-28	$117.76	$117.50	18.5%	5.2%	16.6%	44.5%	18.8%	-0.2%	0.4%	105.8M	714.4M	-21.8M	0.54	9.42	N/A	N/A	114,111	61,632	1,102,702	726,414
2022-07-29	$118.16	$117.50	18.0%	5.2%	16.0%	41.6%	18.2%	-0.1%	0.4%	208.0M	592.8M	-22.0M	0.67	7.62	N/A	N/A	96,111	64,234	1,141,048	746,906