TLT Options History — August 2024

In August 2024, TLT traded between $95.28 and $99.09. ATM implied volatility averaged 15.0%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 1.3% (HV 20d: 16.2%). Max pain ranged from $93.00 to $97.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.56.

Notable Days

  • 2024-08-02: Highest Volume — 1,007,131 contracts
  • 2024-08-02: Largest IV spike — 13.4% change
  • 2024-08-05: Highest IV Rank — 52.4%
  • 2024-08-05: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$97.42$95.28$99.09$95.53$96.78
Max Pain$95.32$93.00$97.00$93.00$97.00
ATM IV15.0%13.6%18.1%14.4%13.8%
Expected Move4.4%4.0%5.2%4.4%4.2%
HV 20d16.2%11.1%17.7%11.1%13.2%
HV 60d15.5%13.8%15.9%13.8%15.2%
IV Rank29.5%19.8%52.4%25.4%21.3%
IV Percentile47.0%20.2%82.5%37.3%24.6%
Term Structure-0.0%-0.5%0.6%0.0%0.6%
VWIV15.6%14.1%18.5%15.7%14.8%
Skew 25d-0.9%-2.4%0.0%-0.8%-0.3%
Skew 10d-1.7%-3.9%-0.0%-1.8%-0.5%
Call IV 25d15.7%13.8%19.9%14.9%13.8%
Put IV 25d14.8%13.3%17.5%14.2%13.5%
Bid-Ask Spread %1.471.132.231.131.41
Gamma HHI0.110.080.130.100.11
Net GEX568.3M205.9M854.6M790.5M205.9M
Net DEX-8.48B-12.46B-4.86B-8.14B-4.86B
Net VEX-56.7M-58.2M-53.0M-53.0M-56.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.330.860.400.86
Total Volume376,910.682135,0131,007,131584,148304,478
Total OI4,489,797.3644,190,0344,925,8854,190,0344,549,470

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$95.53$93.0014.4%4.4%11.1%25.4%15.7%-0.8%0.0%790.5M-8.14B-53.0M0.401.13N/AN/A416,436167,7122,657,2841,532,750
2024-08-02$98.30$93.0016.3%5.1%14.4%39.4%18.1%-2.4%-0.0%615.9M-12.46B-54.4M0.331.19N/AN/A759,805247,3262,674,8731,595,286
2024-08-05$99.09$93.0018.1%5.2%14.5%52.4%18.5%-2.4%0.0%603.1M-12.01B-55.1M0.482.23N/AN/A482,092232,6362,620,4471,610,545
2024-08-06$96.94$94.0015.9%4.7%16.9%36.7%16.9%-1.7%0.0%395.6M-8.38B-56.0M0.751.99N/AN/A256,398191,9022,639,2951,706,716
2024-08-07$95.90$94.0016.0%4.6%17.5%36.8%16.7%-1.5%0.1%298.5M-6.32B-56.0M0.572.01N/AN/A344,189196,2072,686,0261,747,856
2024-08-08$95.28$94.0015.4%4.4%17.5%32.7%16.1%-1.1%0.2%427.2M-5.56B-57.1M0.471.61N/AN/A260,032121,1032,745,3121,715,642
2024-08-09$96.19$94.0014.8%4.3%17.7%28.1%15.8%-1.2%0.1%519.0M-7.86B-57.7M0.481.40N/AN/A171,58681,7512,846,6861,746,234
2024-08-12$96.70$94.0015.4%4.5%17.2%32.8%15.6%-1.6%0.1%588.7M-8.53B-57.2M0.401.92N/AN/A249,651100,1332,793,7611,686,675
2024-08-13$97.22$94.0015.3%4.4%16.8%31.9%15.4%-1.5%0.1%694.4M-9.54B-57.3M0.561.50N/AN/A222,922125,5932,895,3671,730,989
2024-08-14$97.87$95.0014.4%4.2%16.8%25.4%14.7%-1.1%0.1%854.6M-10.93B-57.0M0.591.36N/AN/A256,405150,2402,985,5711,813,872
2024-08-15$97.02$95.0014.3%4.2%17.0%24.9%14.6%-0.7%0.2%462.2M-8.68B-57.1M0.611.40N/AN/A287,719176,3512,931,7601,841,116
2024-08-16$97.37$96.0013.6%4.0%16.7%19.8%14.1%-0.7%0.3%566.9M-9.72B-57.1M0.611.28N/AN/A176,217107,9333,019,3571,906,528
2024-08-19$97.91$96.0014.2%4.1%16.6%23.9%14.5%-0.6%-0.3%700.2M-8.60B-56.6M0.751.27N/AN/A117,11088,3332,683,1331,619,549
2024-08-20$98.78$96.0014.7%4.2%16.7%27.7%15.0%-0.4%-0.3%755.0M-10.13B-56.6M0.441.32N/AN/A209,24292,6162,718,0091,670,458
2024-08-21$98.81$97.0015.2%4.3%16.0%31.0%15.5%-0.5%-0.4%838.7M-10.02B-57.5M0.451.64N/AN/A232,433105,2002,750,4981,708,938
2024-08-22$97.72$97.0014.9%4.3%16.9%29.3%15.4%-0.4%-0.3%540.0M-7.55B-58.2M0.691.29N/AN/A227,102157,5032,746,0821,732,291
2024-08-23$98.32$97.0014.2%4.1%16.8%24.2%14.5%-0.3%-0.2%808.3M-8.91B-57.8M0.481.42N/AN/A234,086113,0042,815,1501,814,260
2024-08-26$98.23$97.0014.5%4.3%16.8%26.2%15.1%-0.3%-0.3%537.3M-7.87B-57.5M0.571.39N/AN/A90,26651,2392,718,7501,678,055
2024-08-27$98.02$97.0014.7%4.4%16.9%27.8%15.3%-0.0%-0.5%465.2M-7.38B-57.2M0.601.26N/AN/A91,22554,5072,758,8791,699,816
2024-08-28$97.78$97.0014.7%4.4%16.7%27.6%15.3%0.0%-0.4%442.6M-6.75B-57.5M0.721.23N/AN/A78,54156,4722,779,1901,717,889
2024-08-29$97.52$97.0014.3%4.3%16.6%24.7%15.2%-0.1%-0.4%391.9M-6.36B-56.8M0.421.15N/AN/A145,81160,5282,780,3471,704,830
2024-08-30$96.78$97.0013.8%4.2%13.2%21.3%14.8%-0.3%0.6%205.9M-4.86B-56.6M0.861.41N/AN/A163,809140,6692,826,5971,722,873