TLT Options History — June 2023

In June 2023, TLT traded between $100.91 and $103.56. ATM implied volatility averaged 14.4%, placing in the 3.6% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 2.2% (HV 20d: 12.1%). Max pain ranged from $103.00 to $105.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2023-06-07: Highest Volume — 281,874 contracts
  • 2023-06-12: Largest IV spike — 8.0% change
  • 2023-06-13: Highest IV Rank — 15.6%
  • 2023-06-13: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$102.49$100.91$103.56$103.03$102.97
Max Pain$103.76$103.00$105.00$105.00$104.00
ATM IV14.4%13.2%16.3%14.8%13.2%
Expected Move4.1%3.5%4.7%4.4%3.5%
HV 20d12.1%11.1%14.1%11.5%14.1%
HV 60d16.2%15.1%18.2%18.1%15.7%
IV Rank3.6%0.0%15.6%0.0%0.0%
IV Percentile1.3%0.0%5.6%0.0%0.0%
Term Structure0.3%-0.1%0.7%0.2%0.6%
VWIV14.7%12.5%16.6%15.7%12.5%
Skew 25d0.1%-0.6%0.7%0.3%0.0%
Skew 10d0.4%-1.0%1.2%0.4%0.3%
Call IV 25d14.5%13.1%16.4%15.1%13.1%
Put IV 25d14.6%13.1%16.7%15.4%13.1%
Bid-Ask Spread %10.832.5317.558.4212.55
Gamma HHI0.060.050.140.050.06
Net GEX222.1M25.7M514.1M397.2M206.6M
Net DEX-865.4M-1.60B367.5M-1.53B-1.09B
Net VEX-28.4M-31.8M-25.1M-31.8M-28.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.321.620.480.34
Total Volume161,230.8182,278281,874151,870156,821
Total OI3,634,200.5243,221,3513,994,1753,880,4513,417,127

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$103.03$105.0014.8%4.4%11.5%0.0%15.7%0.3%0.2%397.2M-1.53B-31.8M0.488.42N/AN/A102,66949,2013,000,721879,730
2023-06-02$102.06$104.5014.1%4.1%11.8%0.0%14.7%0.3%0.3%514.1M-620.4M-29.5M0.8915.11N/AN/A86,05576,8063,009,428877,039
2023-06-05$101.88$104.0014.1%4.1%11.7%0.4%14.7%0.7%0.3%147.4M-324.4M-28.2M0.6415.52N/AN/A50,22632,0522,950,538865,272
2023-06-06$102.34$104.0013.8%4.1%11.1%0.0%15.0%0.6%0.3%196.1M-710.1M-27.2M0.9315.60N/AN/A65,08460,3522,972,235863,939
2023-06-07$100.91$104.0014.9%4.3%12.1%6.8%15.7%0.3%0.2%25.7M367.5M-25.1M0.4517.55N/AN/A194,24187,6332,996,033871,797
2023-06-08$102.05$103.0014.7%4.3%12.5%5.5%15.7%0.2%0.4%146.8M-572.1M-27.7M0.429.30N/AN/A76,29532,1842,892,855865,712
2023-06-09$102.06$103.0014.8%4.4%11.6%6.5%15.6%0.3%0.3%278.4M-824.3M-30.0M1.2111.54N/AN/A61,57974,3862,986,437878,786
2023-06-12$102.09$104.0016.0%4.7%11.5%13.9%16.6%0.1%0.2%117.9M-455.3M-28.3M0.829.12N/AN/A92,77676,2832,943,258876,797
2023-06-13$101.16$103.0016.3%4.7%11.3%15.6%16.6%0.3%0.0%50.1M105.8M-28.6M0.5612.88N/AN/A138,65277,2442,984,225889,400
2023-06-14$102.03$104.0015.7%4.5%11.7%11.8%15.9%0.1%-0.0%205.4M-577.2M-28.4M1.6212.34N/AN/A85,543138,1693,050,695915,451
2023-06-15$102.91$104.0014.6%4.2%12.1%5.3%16.2%0.0%-0.1%392.9M-1.25B-28.5M1.464.55N/AN/A110,328160,6033,077,828916,347
2023-06-16$102.66$104.0013.7%3.9%11.9%0.0%14.1%0.1%-0.0%366.3M-807.7M-27.0M0.489.54N/AN/A88,49242,4103,072,908894,152
2023-06-20$103.40$104.0014.1%4.0%11.7%2.2%14.4%-0.0%0.4%237.5M-1.52B-29.2M0.678.77N/AN/A84,36456,7632,546,452674,899
2023-06-21$103.56$104.0013.8%4.0%11.6%0.4%14.0%0.1%0.4%261.2M-1.59B-27.8M0.598.59N/AN/A71,27241,7242,565,708680,040
2023-06-22$102.31$104.0013.9%4.0%12.5%1.2%14.0%0.0%0.4%135.4M-637.4M-26.6M0.892.53N/AN/A71,24263,3632,584,566689,734
2023-06-23$103.35$103.0013.9%3.9%12.9%0.7%14.0%-0.6%0.6%277.3M-1.57B-29.3M0.4610.69N/AN/A116,30153,8602,602,414711,130
2023-06-26$103.25$103.0014.3%4.0%12.7%3.6%14.1%-0.6%0.6%233.2M-1.57B-30.6M0.5513.46N/AN/A66,35236,7872,591,175701,719
2023-06-27$103.03$103.0013.6%3.8%12.6%0.0%13.5%-0.3%0.7%203.8M-1.30B-28.7M0.6110.17N/AN/A76,29646,6192,604,562710,255
2023-06-28$103.56$103.5013.6%3.7%12.2%0.0%13.4%-0.3%0.6%242.8M-1.60B-29.1M0.3210.58N/AN/A147,45947,3702,615,422724,616
2023-06-29$101.70$104.0013.7%3.8%13.3%1.0%13.4%-0.1%0.5%27.0M-99.2M-27.2M0.708.53N/AN/A111,84378,1482,624,395742,414
2023-06-30$102.97$104.0013.2%3.5%14.1%0.0%12.5%0.0%0.6%206.6M-1.09B-28.0M0.3412.55N/AN/A117,06639,7552,644,498772,629