TLT Options History — January 2024

In January 2024, TLT traded between $93.28 and $98.69. ATM implied volatility averaged 15.4%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 1.0% (HV 20d: 14.5%). Max pain ranged from $94.00 to $96.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.79.

Notable Days

  • 2024-01-18: Highest Volume — 607,135 contracts
  • 2024-01-11: Largest IV drop — 9.2% change
  • 2024-01-02: Highest IV Rank — 35.1%
  • 2024-01-02: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.56$93.28$98.69$98.31$96.25
Max Pain$95.05$94.00$96.00$94.00$95.00
ATM IV15.4%14.2%17.1%17.1%14.7%
Expected Move4.4%4.1%4.8%4.8%4.3%
HV 20d14.5%11.4%17.5%17.5%12.9%
HV 60d18.5%16.9%20.1%20.1%16.9%
IV Rank22.6%13.9%35.1%35.1%17.4%
IV Percentile23.2%11.9%47.6%47.6%16.7%
Term Structure-0.1%-0.5%0.3%-0.2%-0.1%
VWIV15.7%14.6%17.0%17.0%15.3%
Skew 25d0.2%-0.4%0.9%-0.0%-0.1%
Skew 10d0.6%-0.9%2.6%-0.3%-0.9%
Call IV 25d15.3%14.0%17.2%17.2%15.0%
Put IV 25d15.5%14.2%17.2%17.2%14.9%
Bid-Ask Spread %1.441.171.881.181.88
Gamma HHI0.070.050.110.090.07
Net GEX228.5M32.5M499.8M263.1M499.8M
Net DEX-3.74B-8.96B-565.4M-8.24B-4.42B
Net VEX-35.9M-38.7M-33.9M-38.7M-37.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.372.540.520.47
Total Volume320,742.571113,388607,135291,591504,959
Total OI3,601,930.2862,886,3724,058,0143,935,9383,230,932

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$98.31$94.0017.1%4.8%17.5%35.1%17.0%-0.0%-0.2%263.1M-8.24B-38.7M0.521.18N/AN/A191,435100,1562,403,2531,532,685
2024-01-03$98.69$94.0016.8%4.6%17.3%33.0%16.0%-0.4%-0.5%330.5M-8.96B-38.1M0.631.23N/AN/A280,376177,0762,445,6561,577,452
2024-01-04$97.28$95.0016.5%4.7%17.1%30.7%16.8%-0.3%-0.4%146.8M-6.47B-37.5M0.691.72N/AN/A207,668143,1442,384,0011,586,829
2024-01-05$96.30$95.0016.6%4.7%16.9%31.2%16.6%0.1%-0.4%32.5M-4.81B-37.9M0.691.45N/AN/A261,583181,2942,436,1941,621,820
2024-01-08$96.81$95.0016.1%4.6%17.0%27.9%16.2%-0.3%0.2%231.9M-5.43B-36.8M0.771.36N/AN/A101,95478,5372,324,4201,444,339
2024-01-09$96.80$95.0015.8%4.6%16.4%25.7%16.0%0.2%0.2%242.4M-5.35B-36.6M1.251.53N/AN/A50,39162,9972,350,4941,461,079
2024-01-10$96.18$95.0016.0%4.6%16.6%27.0%16.0%0.0%0.1%129.5M-4.60B-36.0M0.581.48N/AN/A205,662119,0852,369,2431,460,349
2024-01-11$96.69$95.0014.5%4.2%16.6%16.2%14.8%0.0%0.2%291.1M-5.60B-35.3M1.001.50N/AN/A139,203138,6482,447,0491,458,621
2024-01-12$96.41$95.0014.2%4.1%14.7%13.9%14.6%-0.1%-0.0%101.0M-5.22B-35.5M0.521.38N/AN/A201,020104,9272,475,4951,476,859
2024-01-16$94.78$96.0015.2%4.4%13.1%21.1%15.5%0.1%-0.5%140.0M-2.39B-34.0M0.631.38N/AN/A246,133154,1232,446,2361,436,009
2024-01-17$94.66$96.0014.8%4.2%13.0%18.0%15.2%0.4%-0.3%187.2M-2.56B-34.3M2.541.52N/AN/A147,309373,7912,530,5441,440,744
2024-01-18$93.73$96.0015.2%4.4%13.1%21.1%15.6%0.4%-0.3%78.3M-633.0M-33.9M1.331.30N/AN/A260,844346,2912,518,7501,435,603
2024-01-19$94.00$95.0015.2%4.4%13.0%20.7%16.0%0.9%-0.1%249.2M-1.52B-34.1M0.701.17N/AN/A227,949159,1062,554,6711,409,334
2024-01-22$94.68$95.0014.8%4.3%12.8%18.1%15.5%0.7%0.2%257.8M-2.05B-34.7M0.581.49N/AN/A128,23274,6711,881,0961,005,276
2024-01-23$93.81$95.0015.0%4.4%12.9%19.8%15.6%0.7%0.0%190.5M-1.06B-34.3M0.561.50N/AN/A119,85967,4771,928,8671,037,258
2024-01-24$93.28$95.0015.4%4.6%12.9%22.9%16.1%0.5%-0.0%149.6M-565.4M-34.5M0.581.49N/AN/A151,09788,2881,985,2051,062,862
2024-01-25$93.94$95.0015.2%4.5%13.3%21.2%15.7%0.7%0.0%249.2M-1.47B-35.6M0.701.67N/AN/A113,00478,7252,022,2901,070,001
2024-01-26$93.82$95.0014.3%4.2%11.4%14.4%14.7%0.4%0.3%290.8M-1.24B-35.7M0.751.37N/AN/A114,63386,2462,070,3511,104,677
2024-01-29$94.87$95.0014.8%4.4%12.5%18.3%15.4%0.4%0.1%349.7M-2.61B-36.5M0.371.35N/AN/A186,13368,8421,994,8211,092,574
2024-01-30$95.50$95.0015.2%4.5%12.7%20.8%15.7%0.2%-0.0%387.1M-3.39B-37.0M0.641.31N/AN/A178,405114,3212,007,2641,119,333
2024-01-31$96.25$95.0014.7%4.3%12.9%17.4%15.3%-0.1%-0.1%499.8M-4.42B-37.3M0.471.88N/AN/A344,065160,8942,055,8241,175,108