TLT Options History — October 2023

In October 2023, TLT traded between $82.84 and $88.34. ATM implied volatility averaged 22.2%, placing in the 59.6% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 1.1% (HV 20d: 21.1%). Max pain ranged from $86.00 to $92.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2023-10-03: Highest Volume — 826,842 contracts
  • 2023-10-03: Largest IV spike — 19.4% change
  • 2023-10-26: Highest IV Rank — 77.2%
  • 2023-10-03: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.28$82.84$88.34$87.02$84.12
Max Pain$88.05$86.00$92.00$92.00$86.00
ATM IV22.2%20.0%24.6%20.6%21.2%
Expected Move6.4%5.8%7.3%5.9%6.3%
HV 20d21.1%15.6%24.2%15.6%22.1%
HV 60d18.0%16.2%19.5%16.2%18.4%
IV Rank59.6%43.9%77.2%47.7%65.1%
IV Percentile85.3%67.1%96.0%71.8%78.6%
Term Structure-0.3%-1.0%0.3%-0.3%-0.1%
VWIV22.6%20.1%25.3%20.1%22.7%
Skew 25d2.0%1.0%3.1%2.2%1.0%
Skew 10d4.0%1.6%6.0%4.2%1.6%
Call IV 25d21.5%19.4%23.3%20.0%21.0%
Put IV 25d23.5%21.6%26.3%22.2%22.0%
Bid-Ask Spread %7.511.1920.882.031.53
Gamma HHI0.060.040.110.040.06
Net GEX150.3M-77.6M475.5M-26.7M236.4M
Net DEX1.35B-1.26B3.48B3.08B624.9M
Net VEX-28.9M-36.5M-20.6M-21.1M-34.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.181.300.840.43
Total Volume427,956.682197,334826,842465,042199,464
Total OI4,898,407.8644,149,0145,497,0944,149,0145,088,633

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$87.02$92.0020.6%5.9%15.6%47.7%20.1%2.2%-0.3%-26.7M3.08B-21.1M0.842.03N/AN/A253,145211,8973,234,707914,307
2023-10-03$85.05$90.0024.6%7.3%16.7%70.7%24.8%3.0%-0.8%-35.9M3.25B-20.6M0.778.23N/AN/A468,142358,7003,343,591899,923
2023-10-04$86.19$89.0021.9%6.2%17.8%55.2%20.3%2.6%-0.6%114.9M1.77B-24.5M1.2513.19N/AN/A280,638351,5863,631,274970,407
2023-10-05$85.88$90.0022.3%6.1%17.7%57.0%21.4%2.8%-0.8%124.3M1.69B-24.8M0.7320.88N/AN/A200,635146,8863,742,971957,321
2023-10-06$85.05$90.0022.1%6.3%17.4%56.3%21.8%3.0%-0.6%-16.6M2.56B-25.2M0.4515.98N/AN/A303,692136,6943,854,0331,040,659
2023-10-09$86.53$88.0022.2%6.2%19.1%56.7%21.9%2.0%-0.4%197.9M720.7M-28.0M0.3312.95N/AN/A200,77066,3823,814,4091,003,837
2023-10-10$86.63$88.0021.2%6.0%18.9%50.7%21.2%2.1%-0.1%198.0M831.7M-27.4M0.5620.77N/AN/A243,767136,2753,854,9501,025,033
2023-10-11$88.34$87.0020.0%5.8%20.7%43.9%20.4%2.1%0.3%369.9M-1.26B-30.3M0.7019.51N/AN/A215,959150,2083,967,1781,032,422
2023-10-12$86.20$88.0020.9%6.0%22.0%49.3%21.2%1.9%-0.1%164.5M1.53B-27.4M0.3313.25N/AN/A519,285173,5453,975,4241,067,894
2023-10-13$87.50$88.0021.8%6.3%23.0%54.1%21.8%1.4%0.1%242.4M-274.0M-30.7M0.704.54N/AN/A157,623110,4424,067,0831,122,474
2023-10-16$86.20$89.0022.0%6.3%23.1%55.2%22.3%1.0%-0.4%92.2M1.61B-28.6M0.684.40N/AN/A145,24898,2633,921,2771,087,370
2023-10-17$85.30$89.0021.5%6.2%23.2%52.8%22.2%1.4%-0.7%17.0M2.39B-27.3M0.667.57N/AN/A170,046113,0373,970,1011,103,628
2023-10-18$84.45$89.0023.4%6.7%23.1%63.3%23.6%2.1%-1.0%-15.1M2.45B-27.5M1.308.89N/AN/A306,679397,4274,025,5541,083,478
2023-10-19$82.84$88.0024.1%6.9%22.3%67.3%24.1%3.1%-0.4%-77.6M3.48B-26.4M0.681.39N/AN/A339,740229,7364,188,3471,120,908
2023-10-20$83.16$87.0023.0%6.7%22.1%61.4%23.8%2.4%-0.4%-19.7M2.81B-28.4M0.411.19N/AN/A343,842140,5534,363,9501,133,144
2023-10-23$84.25$87.0022.7%6.7%21.7%59.3%23.5%1.7%0.0%220.9M794.2M-31.3M0.311.38N/AN/A346,217108,7183,423,9451,037,369
2023-10-24$85.27$87.0020.9%6.1%22.3%48.9%22.5%1.6%0.1%377.6M-334.2M-32.8M0.181.39N/AN/A318,25857,2023,570,4241,074,185
2023-10-25$83.38$87.0023.8%7.1%23.4%72.1%25.3%1.9%-0.4%190.4M1.49B-31.2M0.561.50N/AN/A373,243208,2233,619,6741,094,960
2023-10-26$84.65$86.0022.8%6.8%24.2%77.2%23.8%1.8%-0.1%475.5M-410.3M-36.5M0.371.63N/AN/A289,134107,9003,893,4341,202,953
2023-10-27$84.28$86.0022.0%6.6%24.1%71.4%23.3%1.2%0.2%254.2M123.5M-36.1M0.391.66N/AN/A171,73166,7813,994,9831,243,912
2023-10-30$83.91$86.0022.6%6.8%23.5%75.6%24.2%1.2%-0.2%221.4M681.6M-35.0M0.571.32N/AN/A126,00971,3253,810,7431,192,104
2023-10-31$84.12$86.0021.2%6.3%22.1%65.1%22.7%1.0%-0.1%236.4M624.9M-34.7M0.431.53N/AN/A139,76059,7043,851,9331,236,700