TLT Options History — November 2022

In November 2022, TLT traded between $93.54 and $103.31. ATM implied volatility averaged 21.1%, placing in the 45.2% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 0.6% (HV 20d: 21.8%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2022-11-08: Highest Volume — 381,935 contracts
2022-11-14: Largest IV spike — 9.7% change
2022-11-01: Highest IV Rank — 60.3%
2022-11-01: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$98.79	$93.54	$103.31	$96.55	$102.34
Max Pain	$100.95	$100.00	$105.00	$100.00	$100.00
ATM IV	21.1%	18.4%	23.4%	23.4%	19.8%
Expected Move	6.3%	5.5%	7.1%	7.1%	6.1%
HV 20d	21.8%	18.7%	25.0%	19.1%	21.5%
HV 60d	20.5%	18.8%	21.7%	19.2%	20.8%
IV Rank	45.2%	29.6%	60.3%	60.3%	33.5%
IV Percentile	63.1%	35.3%	86.9%	86.9%	46.0%
Term Structure	-0.0%	-0.7%	1.4%	-0.4%	-0.1%
VWIV	22.2%	19.5%	24.7%	24.7%	21.5%
Skew 25d	0.9%	-0.4%	1.8%	1.5%	0.2%
Skew 10d	1.6%	-0.7%	3.7%	3.3%	0.7%
Call IV 25d	21.0%	17.9%	22.8%	22.8%	19.7%
Put IV 25d	21.8%	19.0%	24.3%	24.3%	19.9%
Bid-Ask Spread %	10.34	3.73	22.68	3.73	10.88
Gamma HHI	0.06	0.04	0.08	0.04	0.07
Net GEX	218.6M	-4.9M	398.5M	84.7M	343.1M
Net DEX	-441.6M	-2.97B	2.08B	1.87B	-1.94B
Net VEX	-19.9M	-24.8M	-14.5M	-18.1M	-22.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.23	2.51	0.39	0.38
Total Volume	211,729.762	78,546	381,935	204,535	146,458
Total OI	2,722,504.381	2,510,628	3,088,850	2,679,593	2,640,237

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
2022-11-01	$96.55	$100.00	23.4%	7.1%	19.1%	60.3%	24.7%	1.5%	-0.4%	84.7M	1.87B	-18.1M	0.39	3.73	N/A	N/A	147,052	57,483	1,960,340	719,253
2022-11-02	$96.35	$100.00	22.9%	6.9%	18.7%	57.6%	23.8%	1.7%	-0.4%	77.4M	1.23B	-17.4M	2.51	4.58	N/A	N/A	79,366	199,233	1,977,365	645,113
2022-11-03	$96.00	$105.00	22.1%	6.5%	18.7%	52.5%	23.5%	1.7%	-0.3%	58.7M	1.25B	-16.9M	1.32	5.47	N/A	N/A	97,107	127,965	1,986,560	639,096
2022-11-04	$94.49	$105.00	20.9%	6.2%	19.2%	44.8%	21.9%	1.6%	-0.1%	-3.5M	1.88B	-15.4M	1.17	7.72	N/A	N/A	107,940	126,236	2,005,239	647,944
2022-11-07	$93.54	$105.00	21.2%	6.2%	18.8%	46.9%	22.4%	1.6%	0.7%	-4.9M	2.08B	-14.5M	0.78	4.59	N/A	N/A	148,014	115,477	1,935,757	624,460
2022-11-08	$94.48	$103.00	21.0%	6.3%	19.1%	45.3%	21.7%	1.2%	0.9%	32.5M	1.59B	-15.1M	0.95	5.04	N/A	N/A	196,159	185,776	1,985,670	620,588
2022-11-09	$94.35	$102.00	21.2%	6.4%	19.0%	46.5%	21.8%	1.8%	0.9%	45.7M	1.64B	-15.4M	0.74	11.05	N/A	N/A	143,612	106,134	2,117,272	646,741
2022-11-10	$98.23	$100.00	19.3%	5.9%	24.3%	35.2%	20.7%	1.4%	1.4%	230.2M	-465.2M	-19.4M	0.77	5.76	N/A	N/A	173,338	133,441	2,196,418	661,382
2022-11-11	$97.95	$100.00	18.4%	5.5%	24.2%	29.6%	19.5%	1.1%	1.4%	269.8M	-180.3M	-19.0M	0.64	22.68	N/A	N/A	99,699	63,590	2,219,248	695,034
2022-11-14	$97.45	$100.00	20.2%	5.9%	24.2%	40.7%	20.7%	1.6%	-0.5%	159.5M	315.1M	-18.7M	0.68	8.48	N/A	N/A	64,373	43,684	2,183,983	647,414
2022-11-15	$99.15	$100.00	21.5%	6.2%	25.0%	48.7%	22.1%	0.5%	-0.4%	253.2M	-767.7M	-20.6M	0.46	18.96	N/A	N/A	156,263	72,396	2,208,856	655,900
2022-11-16	$101.21	$100.00	22.1%	6.3%	24.9%	52.3%	22.5%	0.2%	-0.5%	377.7M	-2.23B	-22.1M	0.46	7.50	N/A	N/A	189,630	87,681	2,254,721	669,272
2022-11-17	$100.28	$100.00	21.7%	6.2%	24.2%	49.8%	22.3%	0.3%	-0.6%	322.6M	-1.60B	-21.9M	0.64	9.37	N/A	N/A	143,722	92,631	2,314,060	691,837
2022-11-18	$99.66	$100.00	21.3%	6.1%	23.5%	47.2%	22.0%	0.5%	-0.4%	250.7M	-949.2M	-21.6M	0.50	12.08	N/A	N/A	132,479	65,974	2,365,375	723,475
2022-11-21	$100.04	$100.00	20.8%	6.1%	23.1%	44.3%	21.5%	0.4%	-0.5%	281.6M	-1.08B	-21.3M	0.23	8.61	N/A	N/A	193,391	44,300	1,920,307	590,321
2022-11-22	$101.41	$100.00	21.3%	6.3%	21.7%	43.9%	22.4%	0.1%	-0.6%	353.3M	-1.97B	-22.9M	0.54	14.41	N/A	N/A	122,198	65,952	1,955,215	604,773
2022-11-23	$103.07	$100.00	21.6%	6.4%	22.0%	45.9%	22.9%	0.1%	-0.7%	398.5M	-2.97B	-24.8M	0.63	12.22	N/A	N/A	138,286	87,489	1,975,770	624,783
2022-11-25	$102.49	$100.00	21.3%	6.4%	22.0%	44.1%	23.1%	-0.4%	-0.7%	373.4M	-2.52B	-24.4M	0.39	14.19	N/A	N/A	72,382	28,575	1,992,101	653,259
2022-11-28	$103.31	$100.00	20.6%	6.4%	21.8%	39.1%	22.7%	0.5%	0.3%	363.0M	-2.60B	-23.6M	0.46	13.46	N/A	N/A	76,788	35,505	1,957,402	641,021
2022-11-29	$102.16	$100.00	20.8%	6.5%	21.7%	40.2%	23.0%	0.5%	0.1%	324.4M	-1.87B	-22.7M	1.14	16.39	N/A	N/A	36,725	41,821	1,968,597	650,433
2022-11-30	$102.34	$100.00	19.8%	6.1%	21.5%	33.5%	21.5%	0.2%	-0.1%	343.1M	-1.94B	-22.2M	0.38	10.88	N/A	N/A	106,167	40,291	1,977,919	662,318