TLT Options History — April 2024

In April 2024, TLT traded between $87.78 and $92.63. ATM implied volatility averaged 14.8%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 0.2% (HV 20d: 14.6%). Max pain ranged from $91.00 to $94.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.08.

Notable Days

  • 2024-04-17: Highest Volume — 790,190 contracts
  • 2024-04-10: Largest IV spike — 11.8% change
  • 2024-04-15: Highest IV Rank — 36.9%
  • 2024-04-15: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.93$87.78$92.63$92.48$88.27
Max Pain$92.32$91.00$94.00$93.00$91.00
ATM IV14.8%13.3%16.7%13.3%14.6%
Expected Move4.3%3.8%4.8%3.8%4.5%
HV 20d14.6%12.0%16.4%13.2%14.0%
HV 60d14.3%13.4%14.9%14.1%13.4%
IV Rank21.8%10.2%36.9%10.2%19.9%
IV Percentile32.9%6.7%65.1%6.7%29.4%
Term Structure-0.2%-0.6%0.4%-0.3%0.2%
VWIV15.0%13.0%16.9%13.0%16.0%
Skew 25d1.1%0.5%1.6%0.9%0.8%
Skew 10d1.9%0.2%3.7%1.4%1.2%
Call IV 25d14.2%13.0%16.0%13.0%14.0%
Put IV 25d15.3%13.8%17.4%13.9%14.8%
Bid-Ask Spread %1.951.162.921.371.75
Gamma HHI0.080.050.160.070.06
Net GEX-60.0M-282.0M137.8M-48.7M41.3M
Net DEX1.84B-1.10B4.20B474.4M2.80B
Net VEX-41.3M-44.7M-38.0M-38.0M-44.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.502.030.940.75
Total Volume379,972.318172,530790,190310,119231,519
Total OI3,797,045.3183,305,4464,378,6283,305,4464,025,108

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$92.48$93.0013.3%3.8%13.2%10.2%13.0%0.9%-0.3%-48.7M474.4M-38.0M0.941.37N/AN/A160,028150,0912,027,9211,277,525
2024-04-02$92.06$93.0013.8%3.9%13.2%13.9%13.8%1.3%-0.4%-94.9M441.5M-38.3M0.751.51N/AN/A207,924155,6092,088,0991,285,977
2024-04-03$92.00$93.0013.8%3.9%12.0%14.0%13.2%1.3%-0.4%110.6M49.0M-38.7M1.161.16N/AN/A134,815156,4212,164,2291,244,835
2024-04-04$92.63$94.0014.1%4.0%12.2%16.5%14.3%0.5%-0.5%109.4M-1.10B-39.9M0.562.21N/AN/A197,621110,7932,162,6471,231,975
2024-04-05$91.53$94.0013.9%3.9%12.7%14.9%13.9%0.8%-0.6%-104.2M791.9M-39.2M0.502.39N/AN/A226,608113,4542,255,7731,276,182
2024-04-08$91.40$94.0014.1%4.1%12.7%16.6%14.2%0.7%0.2%-54.3M524.6M-38.9M0.862.44N/AN/A163,902140,4492,248,7031,248,933
2024-04-09$92.25$93.0013.6%3.9%13.3%12.3%13.7%0.9%0.2%137.8M-825.6M-40.8M1.122.22N/AN/A125,113140,0432,329,2801,323,808
2024-04-10$90.19$93.0015.2%4.4%15.1%25.1%15.5%1.4%0.2%-282.0M2.66B-38.9M1.312.82N/AN/A281,784369,1502,350,5841,377,470
2024-04-11$89.93$93.0015.1%4.4%15.0%23.9%15.1%1.6%0.4%-225.3M2.46B-39.2M2.032.92N/AN/A196,273399,3682,422,7221,365,138
2024-04-12$90.48$93.0015.4%4.5%14.5%26.5%15.3%1.2%0.4%55.1M1.47B-41.9M0.762.13N/AN/A208,614159,3862,487,5871,453,443
2024-04-15$88.84$93.0016.7%4.8%15.7%36.9%16.9%1.4%-0.3%-215.4M3.83B-39.0M1.222.05N/AN/A224,280273,8372,448,1031,454,368
2024-04-16$88.25$92.0016.6%4.8%15.7%36.2%16.6%1.1%-0.4%-190.5M4.20B-40.1M1.272.26N/AN/A227,918290,4502,552,7971,514,239
2024-04-17$89.25$92.0015.3%4.4%16.3%25.7%15.0%1.1%-0.1%-96.6M2.38B-41.4M1.151.51N/AN/A368,092422,0982,649,5631,523,479
2024-04-18$88.80$92.0015.0%4.3%16.4%23.5%15.0%1.4%0.1%-93.7M3.04B-43.1M1.321.83N/AN/A147,742194,4492,759,9651,556,229
2024-04-19$89.06$92.0015.3%4.4%16.4%26.1%15.6%1.1%-0.2%-69.0M2.30B-44.1M1.861.66N/AN/A161,718300,8042,818,9311,559,697
2024-04-22$89.05$91.0014.7%4.2%15.9%21.2%14.7%1.1%-0.4%-29.8M1.92B-43.7M0.621.69N/AN/A106,38566,1452,177,6201,513,070
2024-04-23$88.97$91.0014.8%4.3%15.9%21.5%15.3%1.1%-0.3%-18.9M1.96B-43.5M1.082.03N/AN/A111,259120,3532,230,6771,536,481
2024-04-24$88.31$91.0015.3%4.5%15.7%25.8%15.7%1.0%-0.5%-99.4M2.91B-42.7M1.591.74N/AN/A159,352253,6472,261,4181,539,183
2024-04-25$87.78$91.0015.4%4.6%15.2%27.0%16.0%1.2%-0.4%-246.9M3.54B-43.0M1.031.67N/AN/A144,148148,3302,295,9961,596,889
2024-04-26$88.23$91.0014.8%4.3%15.5%21.8%15.3%0.8%-0.4%-14.7M2.76B-44.2M0.931.81N/AN/A126,056117,3412,360,9781,636,081
2024-04-29$88.78$91.0014.5%4.4%14.0%19.5%15.4%0.8%0.3%109.5M1.91B-44.7M0.891.82N/AN/A193,887172,1352,319,4321,581,862
2024-04-30$88.27$91.0014.6%4.5%14.0%19.9%16.0%0.8%0.2%41.3M2.80B-44.7M0.751.75N/AN/A132,19699,3232,392,3821,632,726