TLT Options History — May 2024

In May 2024, TLT traded between $88.55 and $92.06. ATM implied volatility averaged 12.4%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 1.3% (HV 20d: 11.1%). Max pain ranged from $90.00 to $91.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.83.

Notable Days

  • 2024-05-29: Highest Volume — 678,459 contracts
  • 2024-05-28: Largest IV spike — 11.4% change
  • 2024-05-01: Highest IV Rank — 17.1%
  • 2024-05-01: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.53$88.55$92.06$88.55$90.38
Max Pain$90.05$90.00$91.00$91.00$90.00
ATM IV12.4%10.9%14.2%14.2%12.5%
Expected Move3.6%3.1%4.3%4.3%3.7%
HV 20d11.1%9.1%14.2%14.1%11.8%
HV 60d12.6%12.3%12.9%12.8%12.6%
IV Rank6.1%0.0%17.1%17.1%12.0%
IV Percentile4.9%0.0%23.0%23.0%6.3%
Term Structure0.1%-0.5%0.6%0.2%-0.2%
VWIV12.7%11.0%14.9%14.9%12.9%
Skew 25d0.6%0.1%1.1%1.0%0.2%
Skew 10d1.4%0.5%2.2%1.7%1.2%
Call IV 25d12.1%10.8%13.5%13.5%12.4%
Put IV 25d12.7%10.9%14.5%14.5%12.6%
Bid-Ask Spread %1.300.941.841.841.37
Gamma HHI0.060.050.090.050.05
Net GEX178.7M-83.3M583.8M74.7M135.9M
Net DEX-1.48B-5.24B2.04B1.92B-1.11B
Net VEX-48.1M-50.2M-45.9M-45.9M-50.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.481.451.450.48
Total Volume308,871.818139,575678,459563,153316,097
Total OI4,111,740.0913,743,1964,377,3924,119,1644,276,926

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$88.55$91.0014.2%4.3%14.1%17.1%14.9%1.0%0.2%74.7M1.92B-45.9M1.451.84N/AN/A229,949333,2042,427,5691,691,595
2024-05-02$88.84$90.0013.7%4.2%13.9%12.7%14.9%1.0%0.5%198.9M285.7M-46.3M1.111.78N/AN/A193,802214,5422,456,5141,531,494
2024-05-03$89.82$90.0012.6%3.8%14.1%4.6%13.3%1.1%0.6%295.7M-1.50B-48.1M0.731.63N/AN/A223,191162,5392,566,9271,593,611
2024-05-06$90.09$90.0012.8%3.9%14.2%6.1%13.4%1.1%0.6%251.7M-1.45B-47.4M0.741.31N/AN/A148,094109,6152,409,0841,551,769
2024-05-07$90.70$90.0012.6%3.7%14.0%4.3%12.9%1.1%0.5%349.4M-2.61B-48.2M1.001.28N/AN/A182,846182,4222,476,5421,566,234
2024-05-08$90.22$90.0012.7%3.7%11.5%4.8%13.0%0.9%0.5%215.3M-1.22B-48.3M0.601.19N/AN/A129,20177,3252,542,1921,640,349
2024-05-09$90.63$90.0012.5%3.6%11.6%3.4%12.6%0.9%0.5%330.2M-2.31B-48.5M0.761.34N/AN/A125,62595,2202,576,4471,617,637
2024-05-10$90.09$90.0012.6%3.6%11.6%4.1%12.9%0.9%0.6%177.0M-987.0M-47.1M0.861.12N/AN/A148,149127,2282,580,7761,640,498
2024-05-13$90.34$90.0013.5%3.8%9.4%11.6%13.4%0.8%-0.3%197.1M-1.36B-47.2M0.600.98N/AN/A180,343109,0972,515,8051,614,812
2024-05-14$90.81$90.0013.7%3.8%9.1%12.8%13.8%0.8%-0.5%258.1M-2.35B-49.5M0.871.08N/AN/A97,76485,1172,636,4421,671,338
2024-05-15$92.06$90.0012.4%3.5%9.5%2.9%12.2%0.4%-0.3%583.8M-5.24B-49.2M0.741.25N/AN/A281,420209,5842,659,3981,710,986
2024-05-16$92.00$90.0011.9%3.4%9.2%0.0%11.9%0.3%-0.2%444.5M-4.72B-48.6M0.541.16N/AN/A156,44484,8232,643,7431,696,157
2024-05-17$91.40$90.0011.7%3.3%9.6%0.0%11.6%0.2%-0.1%163.9M-3.22B-48.6M0.540.94N/AN/A173,42192,9302,645,0021,732,390
2024-05-20$91.12$90.0011.7%3.3%9.8%0.0%11.7%0.3%0.0%71.1M-1.55B-47.8M1.101.44N/AN/A93,396102,6492,259,2421,483,954
2024-05-21$91.56$90.0011.2%3.2%9.8%0.0%11.3%0.2%-0.1%166.3M-2.43B-47.3M1.171.31N/AN/A64,43675,1392,306,3841,532,887
2024-05-22$91.65$90.0011.3%3.2%9.2%0.4%11.4%0.4%-0.1%174.6M-2.47B-47.6M0.941.24N/AN/A96,08590,7012,328,3101,569,420
2024-05-23$91.13$90.0011.6%3.3%9.2%2.8%11.7%0.1%-0.2%-5.9M-1.18B-48.1M0.661.18N/AN/A199,899131,3642,324,9711,605,316
2024-05-24$91.41$90.0010.9%3.1%9.1%0.0%11.0%0.1%0.1%11.6M-1.90B-49.2M0.881.33N/AN/A104,08391,4612,403,9011,636,496
2024-05-28$90.09$90.0012.1%3.6%10.6%9.0%12.5%0.4%0.0%-64.3M765.6M-47.4M0.681.43N/AN/A242,306164,7002,384,9481,610,855
2024-05-29$89.03$90.0012.9%3.8%11.3%14.5%13.7%0.7%-0.0%-83.3M2.04B-47.1M0.991.17N/AN/A340,421338,0382,478,0641,621,149
2024-05-30$89.73$90.0012.3%3.7%11.6%10.5%12.8%0.5%0.1%-14.6M127.5M-49.7M0.801.17N/AN/A105,95684,5542,575,9231,664,225
2024-05-31$90.38$90.0012.5%3.7%11.8%12.0%12.9%0.2%-0.2%135.9M-1.11B-50.2M0.481.37N/AN/A213,163102,9342,601,8991,675,027