TLT Options History — November 2024

In November 2024, TLT traded between $89.85 and $93.82. ATM implied volatility averaged 15.3%, placing in the 47.1% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 1.3% (HV 20d: 16.7%). Max pain ranged from $93.00 to $95.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.73.

Notable Days

2024-11-06: Highest Volume — 1,358,083 contracts
2024-11-06: Largest IV drop — 17.8% change
2024-11-04: Highest IV Rank — 97.4%
2024-11-01: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$91.32	$89.85	$93.82	$90.84	$93.82
Max Pain	$93.25	$93.00	$95.00	$95.00	$93.00
ATM IV	15.3%	12.9%	20.2%	20.2%	12.9%
Expected Move	4.6%	4.0%	7.1%	7.1%	4.0%
HV 20d	16.7%	12.5%	18.7%	12.5%	18.7%
HV 60d	12.9%	11.4%	14.0%	11.4%	13.7%
IV Rank	47.1%	20.9%	97.4%	96.5%	20.9%
IV Percentile	55.4%	12.3%	98.4%	98.4%	12.3%
Term Structure	-0.3%	-2.5%	0.6%	-1.0%	-0.4%
VWIV	16.2%	14.2%	24.8%	24.8%	14.2%
Skew 25d	0.5%	-0.0%	1.0%	0.5%	-0.0%
Skew 10d	1.2%	-0.5%	2.5%	1.8%	-0.5%
Call IV 25d	15.3%	13.2%	20.2%	20.2%	13.2%
Put IV 25d	15.8%	13.2%	20.7%	20.7%	13.2%
Bid-Ask Spread %	1.40	1.11	3.34	1.71	1.15
Gamma HHI	0.09	0.05	0.29	0.07	0.08
Net GEX	339.4M	-329.8M	1.07B	-132.4M	679.7M
Net DEX	299.4M	-6.57B	4.78B	4.33B	-6.57B
Net VEX	-61.7M	-65.9M	-59.1M	-61.8M	-59.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.44	1.48	0.45	0.44
Total Volume	595,030.7	295,941	1,358,083	651,737	429,641
Total OI	6,099,617.65	5,556,438	6,529,405	6,135,231	6,214,867

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-11-01	$90.84	$95.00	20.2%	7.1%	12.5%	96.5%	24.8%	0.5%	-1.0%	-132.4M	4.33B	-61.8M	0.45	1.71	N/A	N/A	450,471	201,266	3,556,747	2,578,484
2024-11-04	$92.13	$94.00	20.1%	5.5%	13.7%	97.4%	19.4%	0.7%	-0.5%	254.6M	307.9M	-64.1M	1.04	2.06	N/A	N/A	331,735	343,566	3,385,177	2,407,664
2024-11-05	$92.75	$94.00	19.4%	5.3%	14.0%	90.4%	18.8%	0.6%	-0.7%	257.9M	-754.3M	-65.9M	0.62	1.58	N/A	N/A	382,112	238,312	3,434,787	2,525,700
2024-11-06	$90.35	$94.00	16.0%	4.8%	16.6%	53.7%	17.2%	0.9%	-2.5%	-98.8M	4.78B	-60.6M	0.54	1.32	N/A	N/A	881,428	476,655	3,605,537	2,642,359
2024-11-07	$91.23	$93.00	14.8%	4.4%	17.1%	41.1%	15.5%	1.0%	-0.1%	303.7M	1.12B	-63.2M	0.89	1.30	N/A	N/A	455,902	406,679	3,764,681	2,512,816
2024-11-08	$92.28	$93.00	14.3%	4.3%	17.7%	35.7%	15.4%	0.6%	0.2%	569.9M	-1.69B	-64.0M	0.57	1.25	N/A	N/A	494,389	282,187	3,867,306	2,649,491
2024-11-11	$92.03	$93.00	14.5%	4.3%	17.7%	38.0%	15.2%	0.6%	0.5%	472.7M	-893.5M	-63.5M	0.62	1.13	N/A	N/A	205,527	127,315	3,766,713	2,527,333
2024-11-12	$90.65	$93.00	14.7%	4.4%	17.4%	40.3%	15.5%	0.4%	0.4%	133.2M	2.60B	-61.4M	0.67	1.11	N/A	N/A	369,699	246,894	3,749,507	2,496,797
2024-11-13	$89.85	$93.00	14.3%	4.3%	17.5%	36.6%	15.1%	0.4%	0.5%	-329.8M	4.47B	-60.3M	0.84	1.24	N/A	N/A	409,646	343,218	3,844,618	2,553,513
2024-11-14	$90.38	$93.00	14.8%	4.4%	17.2%	41.2%	15.4%	0.3%	0.5%	168.0M	2.15B	-61.6M	0.94	3.34	N/A	N/A	267,583	250,596	3,890,830	2,479,787
2024-11-15	$90.20	$93.00	15.2%	4.5%	17.2%	45.7%	16.1%	0.6%	0.6%	-153.2M	2.63B	-61.8M	0.79	1.17	N/A	N/A	294,387	233,889	3,931,656	2,597,749
2024-11-18	$90.13	$93.00	15.3%	4.4%	16.1%	46.3%	15.7%	0.8%	-0.7%	349.3M	1.64B	-60.7M	0.51	1.21	N/A	N/A	306,790	155,056	3,330,730	2,225,708
2024-11-19	$90.63	$93.00	15.5%	4.4%	16.3%	48.4%	16.1%	0.6%	-0.7%	483.7M	204.1M	-62.3M	0.87	1.22	N/A	N/A	203,651	176,949	3,392,366	2,284,617
2024-11-20	$90.48	$93.00	15.5%	4.4%	16.3%	49.0%	16.0%	0.6%	-0.6%	426.3M	926.4M	-62.1M	0.69	1.31	N/A	N/A	175,070	120,871	3,453,120	2,375,302
2024-11-21	$90.25	$93.00	15.1%	4.4%	16.1%	44.8%	15.4%	0.5%	-0.7%	412.2M	1.58B	-60.9M	1.48	1.17	N/A	N/A	170,599	253,195	3,459,940	2,387,147
2024-11-22	$90.44	$93.00	14.1%	4.1%	16.0%	34.1%	14.6%	0.7%	-0.6%	1.07B	1.34B	-59.9M	0.60	1.26	N/A	N/A	243,910	146,889	3,503,095	2,555,938
2024-11-25	$92.66	$93.00	13.6%	4.0%	18.3%	28.5%	14.3%	0.4%	-0.3%	616.1M	-4.74B	-60.2M	0.70	1.20	N/A	N/A	497,918	348,820	3,454,274	2,439,816
2024-11-26	$92.40	$93.00	13.5%	4.1%	18.4%	28.0%	14.4%	0.1%	-0.4%	602.6M	-3.04B	-60.1M	0.57	1.16	N/A	N/A	190,031	107,765	3,472,305	2,543,612
2024-11-27	$92.84	$93.00	13.2%	4.1%	18.4%	24.3%	14.3%	-0.0%	-0.4%	697.6M	-4.41B	-60.3M	0.69	1.18	N/A	N/A	403,193	276,810	3,544,818	2,585,446
2024-11-29	$93.82	$93.00	12.9%	4.0%	18.7%	20.9%	14.2%	-0.0%	-0.4%	679.7M	-6.57B	-59.1M	0.44	1.15	N/A	N/A	298,132	131,509	3,505,639	2,709,228