TLT Options History — August 2023

In August 2023, TLT traded between $92.53 and $98.07. ATM implied volatility averaged 16.9%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 0.3% (HV 20d: 17.2%). Max pain ranged from $95.50 to $102.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.76.

Notable Days

  • 2023-08-03: Highest Volume — 518,428 contracts
  • 2023-08-03: Largest IV spike — 17.7% change
  • 2023-08-03: Highest IV Rank — 41.5%
  • 2023-08-03: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.38$92.53$98.07$98.07$96.75
Max Pain$98.07$95.50$102.00$102.00$96.00
ATM IV16.9%14.6%19.6%14.6%14.6%
Expected Move4.8%4.1%5.3%4.1%4.1%
HV 20d17.2%13.7%19.8%14.0%15.8%
HV 60d14.7%13.2%15.6%13.2%15.4%
IV Rank25.9%12.7%41.5%12.7%12.8%
IV Percentile27.6%11.1%54.0%11.1%11.5%
Term Structure-0.0%-1.0%0.5%-0.4%0.5%
VWIV16.7%14.2%18.8%14.2%14.5%
Skew 25d1.9%0.8%2.9%2.1%1.1%
Skew 10d3.8%1.8%6.4%4.5%1.9%
Call IV 25d16.1%13.8%18.7%13.8%14.3%
Put IV 25d18.0%15.4%21.6%15.9%15.4%
Bid-Ask Spread %10.332.0523.0611.329.87
Gamma HHI0.070.040.200.050.09
Net GEX17.0M-155.2M345.7M-152.8M345.7M
Net DEX1.32B-1.11B2.85B1.87B-1.11B
Net VEX-22.9M-26.2M-20.0M-20.0M-25.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.241.470.760.40
Total Volume236,091.913112,931518,428323,434195,427
Total OI3,884,829.2613,391,3284,193,1323,391,3284,193,132

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$98.07$102.0014.6%4.1%14.0%12.7%14.2%2.1%-0.4%-152.8M1.87B-20.0M0.7611.32N/AN/A184,132139,3022,602,586788,742
2023-08-02$97.13$100.0016.6%4.8%13.7%24.6%15.3%1.9%-0.7%-123.0M1.74B-21.3M1.4723.06N/AN/A160,834235,8822,671,577771,506
2023-08-03$94.84$101.0019.6%5.3%15.5%41.5%18.8%2.9%-1.0%-110.4M2.59B-20.1M0.749.87N/AN/A298,669219,7592,722,404785,832
2023-08-04$96.66$100.0017.1%4.7%17.2%27.1%16.8%2.2%-0.6%230.5M1.03B-22.5M0.7512.42N/AN/A221,359164,9922,914,208836,860
2023-08-07$95.62$100.0017.6%4.9%17.5%30.2%17.5%2.3%-0.3%-70.6M1.93B-22.4M0.6712.36N/AN/A129,76386,4322,881,306866,266
2023-08-08$96.72$100.0017.0%4.8%18.0%26.5%17.3%2.0%-0.0%7.2M831.1M-24.5M0.768.87N/AN/A91,30169,1872,913,510862,744
2023-08-09$97.16$100.0017.1%4.9%17.5%27.1%17.0%2.1%0.1%24.8M510.6M-24.6M1.089.77N/AN/A54,57758,7352,943,152896,779
2023-08-10$95.78$100.0016.9%4.9%17.6%25.9%16.9%2.2%0.2%-95.2M1.89B-21.1M0.7212.15N/AN/A77,68555,9672,951,670904,560
2023-08-11$95.28$100.0016.7%4.9%17.6%25.1%17.7%2.3%0.5%-155.2M2.17B-21.6M0.747.01N/AN/A111,54382,2812,962,653910,103
2023-08-14$95.23$99.0016.7%4.8%17.6%25.0%16.6%2.0%0.1%-119.8M2.06B-20.9M0.9912.45N/AN/A83,92483,4522,938,187889,745
2023-08-15$94.70$98.0016.7%4.8%17.3%24.9%16.8%2.2%0.4%-125.1M2.19B-20.7M1.1012.91N/AN/A86,05694,7142,979,930886,226
2023-08-16$93.95$98.0017.3%4.9%16.6%28.2%17.3%1.6%0.2%-145.4M2.63B-20.9M0.872.05N/AN/A118,582103,5763,009,513922,936
2023-08-17$93.37$98.0017.6%5.1%16.4%30.4%17.1%2.3%0.1%-145.7M2.85B-20.2M0.934.71N/AN/A155,808144,8083,037,064906,621
2023-08-18$93.75$97.0017.3%4.9%16.6%28.4%16.8%2.1%0.4%-94.3M2.48B-21.4M0.357.87N/AN/A263,23493,3493,092,686943,883
2023-08-21$92.53$96.0018.5%5.2%16.9%35.3%18.8%2.0%-0.5%-59.6M2.54B-22.2M0.648.75N/AN/A200,964128,8752,931,287894,734
2023-08-22$93.19$96.0018.3%5.2%17.4%34.1%17.6%2.0%-0.3%6.2M1.92B-24.3M0.7213.24N/AN/A112,01980,5693,032,000962,508
2023-08-23$95.34$96.0017.0%4.8%19.8%26.8%17.3%1.4%0.1%157.3M14.7M-25.8M0.6015.84N/AN/A186,916113,0653,065,708989,434
2023-08-24$94.94$96.0017.4%4.9%18.8%29.2%17.8%1.5%-0.2%151.8M449.6M-26.2M0.906.44N/AN/A63,12656,6933,096,5401,006,108
2023-08-25$95.09$96.0016.2%4.5%18.7%22.0%15.9%1.5%0.0%296.6M376.9M-25.1M0.6613.37N/AN/A104,63468,8243,116,9681,017,948
2023-08-28$95.31$95.5016.2%4.6%18.7%22.3%16.2%1.4%0.0%129.5M366.9M-24.8M0.784.42N/AN/A63,42349,5083,075,491961,417
2023-08-29$96.25$95.5015.5%4.3%18.3%18.2%15.2%1.1%0.2%224.3M-587.3M-26.1M0.709.22N/AN/A106,28673,9443,105,915987,598
2023-08-30$96.18$95.5015.3%4.2%18.0%17.2%15.0%0.8%0.3%214.7M-460.0M-25.0M0.249.66N/AN/A126,13729,8013,121,094999,942
2023-08-31$96.75$96.0014.6%4.1%15.8%12.8%14.5%1.1%0.5%345.7M-1.11B-25.1M0.409.87N/AN/A140,05755,3703,186,5701,006,562