TLT Options History — September 2024

In September 2024, TLT traded between $97.75 and $101.25. ATM implied volatility averaged 13.7%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 3.3% (HV 20d: 10.4%). Max pain ranged from $96.00 to $98.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.71.

Notable Days

  • 2024-09-18: Highest Volume — 747,563 contracts
  • 2024-09-30: Largest IV spike — 6.7% change
  • 2024-09-05: Highest IV Rank — 35.3%
  • 2024-09-04: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$99.40$97.75$101.25$97.75$97.98
Max Pain$97.30$96.00$98.00$97.00$98.00
ATM IV13.7%12.2%15.8%15.3%13.2%
Expected Move3.9%3.5%4.7%4.6%3.8%
HV 20d10.4%9.6%13.4%13.4%10.1%
HV 60d14.2%12.7%15.3%15.3%12.7%
IV Rank20.3%9.6%35.3%31.8%16.5%
IV Percentile26.5%3.6%67.9%59.5%13.1%
Term Structure0.0%-0.4%2.9%-0.2%2.9%
VWIV13.9%12.5%16.7%16.2%13.2%
Skew 25d0.2%-0.4%0.7%0.2%0.5%
Skew 10d0.0%-1.1%1.0%-0.4%0.6%
Call IV 25d13.7%11.9%16.0%15.5%12.6%
Put IV 25d13.9%12.1%16.2%15.7%13.1%
Bid-Ask Spread %1.451.062.131.211.48
Gamma HHI0.130.090.240.130.09
Net GEX465.5M-48.6M758.3M521.4M251.0M
Net DEX-8.25B-12.37B-3.35B-7.26B-3.70B
Net VEX-57.3M-60.6M-54.0M-56.4M-59.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.321.240.710.42
Total Volume430,806.85258,439747,563258,439326,354
Total OI4,869,011.454,365,7695,522,4494,365,7694,922,081

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$97.75$97.0015.3%4.6%13.4%31.8%16.2%0.2%-0.2%521.4M-7.26B-56.4M0.711.21N/AN/A150,915107,5242,722,3561,643,413
2024-09-04$98.93$97.0015.4%4.7%11.6%33.2%16.7%0.2%-0.2%732.3M-9.51B-55.9M0.871.18N/AN/A190,344165,2212,763,0211,689,957
2024-09-05$99.63$96.0015.8%4.3%10.9%35.3%15.5%0.2%-0.3%610.5M-10.28B-56.1M1.241.98N/AN/A236,265292,9712,762,9701,773,915
2024-09-06$99.56$96.0014.9%4.2%10.5%29.1%15.2%-0.2%-0.1%543.4M-9.97B-56.3M0.532.13N/AN/A450,086238,3312,807,0741,926,361
2024-09-09$100.00$96.0014.5%4.1%10.1%26.0%14.8%-0.4%-0.1%758.3M-10.41B-54.4M0.641.57N/AN/A176,336112,7552,777,1281,839,192
2024-09-10$100.70$96.0014.8%4.1%10.2%28.6%14.7%-0.3%-0.4%714.6M-11.69B-54.0M0.611.50N/AN/A273,120165,3372,809,5881,881,479
2024-09-11$100.66$96.0014.0%3.9%10.2%22.9%13.9%-0.3%-0.3%703.4M-11.60B-55.6M0.791.46N/AN/A221,123175,4882,920,1661,975,088
2024-09-12$100.16$97.0014.0%3.9%10.3%22.5%14.1%-0.0%-0.4%598.4M-10.44B-56.8M1.081.40N/AN/A248,501267,7842,917,3581,991,654
2024-09-13$100.43$97.0013.5%3.8%9.6%19.1%13.6%0.0%-0.3%526.3M-11.19B-56.7M0.961.75N/AN/A190,959184,2772,943,1942,153,659
2024-09-16$101.25$98.0013.4%3.8%9.8%18.6%13.5%0.1%-0.3%696.1M-12.37B-55.1M0.651.33N/AN/A248,754161,5412,951,5542,122,771
2024-09-17$100.91$98.0013.9%4.0%9.9%21.7%14.0%0.4%-0.3%635.8M-11.33B-56.2M0.861.23N/AN/A211,992181,8182,996,6582,142,906
2024-09-18$99.78$98.0013.5%3.9%10.5%19.1%13.7%0.7%-0.3%255.1M-8.48B-57.2M0.681.47N/AN/A444,795302,7683,055,5002,246,682
2024-09-19$99.15$98.0013.2%3.8%10.8%16.6%13.3%0.5%-0.4%121.6M-7.00B-58.0M0.941.26N/AN/A352,644330,6903,112,3782,249,859
2024-09-20$99.09$98.0012.3%3.6%9.9%10.3%12.7%0.4%-0.3%-48.6M-7.31B-58.6M0.831.06N/AN/A220,057182,2593,212,9312,309,518
2024-09-23$98.81$98.0012.2%3.5%9.8%9.6%12.5%0.4%0.3%348.1M-5.16B-58.8M0.581.27N/AN/A245,523143,1382,721,1071,840,358
2024-09-24$98.75$98.0012.6%3.7%9.8%12.2%13.0%0.4%0.3%376.7M-5.13B-59.6M0.611.47N/AN/A265,319162,8772,764,7491,877,775
2024-09-25$97.91$98.0012.4%3.6%10.2%10.9%12.7%0.1%0.2%135.5M-3.35B-59.4M0.481.40N/AN/A192,18392,2792,826,6341,952,468
2024-09-26$98.05$98.0012.5%3.7%10.2%11.9%12.8%0.4%0.2%270.0M-3.87B-60.0M0.441.55N/AN/A259,725113,5262,867,3571,953,279
2024-09-27$98.50$98.0012.3%3.6%10.3%10.4%12.5%0.2%0.3%560.1M-4.95B-60.6M0.321.31N/AN/A250,77779,7812,964,0931,991,998
2024-09-30$97.98$98.0013.2%3.8%10.1%16.5%13.2%0.5%2.9%251.0M-3.70B-59.6M0.421.48N/AN/A229,63896,7162,946,7541,975,327