TLT Options History — July 2024

In July 2024, TLT traded between $89.97 and $94.69. ATM implied volatility averaged 14.0%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 1.7% (HV 20d: 15.7%). Max pain ranged from $92.00 to $94.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.49.

Notable Days

  • 2024-07-01: Highest Volume — 517,640 contracts
  • 2024-07-24: Largest IV spike — 8.8% change
  • 2024-07-01: Highest IV Rank — 37.2%
  • 2024-07-01: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.80$89.97$94.69$89.97$94.69
Max Pain$93.09$92.00$94.00$92.00$93.00
ATM IV14.0%12.3%16.0%16.0%14.2%
Expected Move4.0%3.5%4.5%4.5%4.3%
HV 20d15.7%11.3%17.8%17.8%11.5%
HV 60d13.9%13.4%14.7%14.6%13.7%
IV Rank22.4%10.1%37.2%37.2%24.0%
IV Percentile28.6%3.6%64.3%64.3%32.1%
Term Structure-0.1%-0.6%0.3%-0.6%-0.1%
VWIV14.1%12.3%15.8%15.8%15.1%
Skew 25d0.4%-0.3%0.9%0.6%-0.3%
Skew 10d0.9%-0.4%1.7%0.8%-0.4%
Call IV 25d13.7%12.0%15.9%15.9%14.2%
Put IV 25d14.1%12.3%16.5%16.5%13.9%
Bid-Ask Spread %1.291.061.641.381.46
Gamma HHI0.090.050.150.050.12
Net GEX452.0M49.5M854.8M49.5M782.7M
Net DEX-3.91B-7.07B816.6M816.6M-7.07B
Net VEX-51.2M-53.0M-49.7M-50.2M-52.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.280.870.650.36
Total Volume308,996.182183,231517,640517,640511,702
Total OI4,246,425.5453,914,3454,543,7084,039,8934,282,037

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$89.97$92.0016.0%4.5%17.8%37.2%15.8%0.6%-0.6%49.5M816.6M-50.2M0.651.38N/AN/A314,159203,4812,540,4151,499,478
2024-07-02$90.59$92.0015.4%4.3%17.4%33.0%14.7%0.8%-0.6%190.2M-840.5M-50.4M0.591.11N/AN/A196,328115,8892,683,7821,487,357
2024-07-03$91.78$92.0014.9%4.1%17.4%29.3%14.4%0.7%-0.4%397.7M-2.98B-52.7M0.571.45N/AN/A176,914101,2782,734,6611,517,465
2024-07-05$92.56$93.0014.1%4.0%17.6%23.5%14.1%0.9%-0.4%500.0M-4.07B-52.7M0.561.35N/AN/A161,55690,7432,692,3091,513,711
2024-07-08$92.78$93.0013.9%4.0%17.6%21.9%14.0%0.7%0.3%393.8M-4.03B-51.2M0.291.18N/AN/A218,51662,5872,614,4931,516,410
2024-07-09$92.32$93.0013.8%4.0%16.3%21.4%13.8%0.6%0.3%373.3M-3.28B-50.1M0.301.10N/AN/A166,43850,1572,693,9631,500,159
2024-07-10$92.59$93.0013.5%3.9%16.1%18.7%13.5%0.6%0.2%465.9M-3.92B-50.4M0.511.28N/AN/A156,07679,4412,748,1781,517,520
2024-07-11$93.50$93.0013.1%3.7%16.1%15.8%13.1%0.3%0.0%768.9M-5.88B-50.6M0.531.11N/AN/A301,774160,8082,788,8121,543,450
2024-07-12$93.82$94.0012.3%3.5%15.8%10.1%12.3%0.3%0.1%747.3M-6.24B-50.0M0.511.19N/AN/A154,16579,2772,815,4881,617,057
2024-07-15$92.87$94.0013.4%3.8%15.5%17.9%13.4%0.5%-0.0%390.8M-3.68B-49.7M0.441.09N/AN/A196,92786,4552,745,6031,571,921
2024-07-16$94.13$94.0013.5%3.9%16.0%19.2%13.6%0.5%-0.1%854.8M-6.50B-50.5M0.431.15N/AN/A256,777111,4462,779,0371,615,445
2024-07-17$94.20$94.0013.4%3.8%15.7%17.9%13.7%0.6%-0.1%845.0M-6.66B-51.5M0.311.21N/AN/A226,08970,3252,820,4841,655,335
2024-07-18$93.53$94.0013.6%3.9%15.5%19.5%13.7%0.4%0.1%584.9M-4.94B-51.2M0.281.09N/AN/A233,68364,7302,757,2351,670,104
2024-07-19$92.97$93.0013.7%3.9%15.5%20.6%13.7%0.6%0.0%77.5M-3.74B-51.0M0.661.06N/AN/A181,211118,8332,841,1591,702,549
2024-07-22$92.59$93.0013.6%3.9%15.5%19.7%13.6%0.4%-0.1%234.0M-2.48B-50.1M0.391.64N/AN/A211,54782,7552,499,5711,414,774
2024-07-23$92.52$93.0013.5%3.9%15.5%18.8%13.5%0.4%-0.2%256.0M-2.73B-50.8M0.411.51N/AN/A129,98253,2492,592,1011,433,470
2024-07-24$91.68$93.0014.7%4.3%15.7%27.4%15.1%0.3%-0.3%107.2M-1.22B-50.6M0.461.47N/AN/A279,077126,9972,660,1021,450,766
2024-07-25$92.25$93.0014.8%4.3%15.1%28.1%15.0%0.2%-0.5%198.5M-2.44B-51.8M0.681.53N/AN/A189,716128,0722,715,1891,475,115
2024-07-26$93.07$93.0014.0%4.1%15.5%22.5%14.4%0.0%-0.5%571.5M-4.19B-52.8M0.471.45N/AN/A186,38887,9272,766,7361,556,959
2024-07-29$93.45$93.0014.0%4.2%14.6%22.5%14.7%-0.1%-0.1%559.6M-4.60B-52.1M0.571.31N/AN/A137,26578,5292,670,8571,472,669
2024-07-30$93.82$93.0014.2%4.3%11.3%24.4%15.1%-0.3%-0.1%595.2M-5.42B-53.0M0.871.27N/AN/A138,288120,3592,723,4401,523,996
2024-07-31$94.69$93.0014.2%4.3%11.5%24.0%15.1%-0.3%-0.1%782.7M-7.07B-52.4M0.361.46N/AN/A376,127135,5752,752,5551,529,482