TLT Options History — March 2026

In March 2026, TLT traded between $85.59 and $89.56. ATM implied volatility averaged 13.0%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 2.2% (HV 20d: 10.8%). Max pain ranged from $86.00 to $90.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2026-03-20: Highest Volume — 1,142,288 contracts
  • 2026-03-20: Largest IV spike — 38.4% change
  • 2026-03-27: Highest IV Rank — 47.5%
  • 2026-03-27: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.49$85.59$89.56$89.56$87.07
Max Pain$88.48$86.00$90.00$89.00$86.00
ATM IV13.0%10.3%16.4%10.8%12.9%
Expected Move3.7%2.9%4.7%3.1%3.7%
HV 20d10.8%9.3%13.1%10.3%12.6%
HV 60d9.5%8.7%10.6%8.8%10.6%
IV Rank25.6%8.7%47.5%12.1%25.2%
IV Percentile51.2%11.9%90.5%20.6%54.8%
Term Structure-0.0%-0.3%0.6%0.6%0.1%
VWIV13.3%10.4%16.8%11.4%13.3%
Skew 25d1.5%-0.5%3.4%-0.1%2.2%
Skew 10d3.3%-0.2%7.0%-0.0%3.8%
Call IV 25d12.7%10.8%15.6%11.0%12.2%
Put IV 25d14.3%10.6%18.0%10.9%14.3%
Bid-Ask Spread %2.161.603.031.811.60
Gamma HHI0.060.050.100.080.07
Net GEX253.8M-212.6M916.9M389.4M916.9M
Net DEX-168.9M-4.43B3.57B-3.84B-1.44B
Net VEX-91.6M-95.9M-86.6M-86.6M-92.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.371.150.550.37
Total Volume536,926.333252,4991,142,288668,189489,566
Total OI7,292,823.1436,571,6767,766,7236,571,6767,557,456

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$89.56$89.0010.8%3.1%10.3%12.1%11.4%-0.1%0.6%389.4M-3.84B-86.6M0.551.81N/AN/A431,452236,7374,033,0072,538,669
2026-03-03$89.44$89.0011.0%3.1%9.7%13.1%11.2%-0.5%-0.1%626.2M-4.06B-89.5M0.632.11N/AN/A356,850223,4654,131,8512,590,933
2026-03-04$89.19$89.0010.3%2.9%9.8%8.7%10.4%-0.2%-0.1%538.9M-3.36B-87.5M0.791.74N/AN/A220,839174,4434,241,5032,673,141
2026-03-05$88.81$90.0011.0%3.1%10.0%13.3%11.4%0.2%-0.2%337.0M-2.27B-90.0M0.732.09N/AN/A260,080190,3044,245,3232,705,086
2026-03-06$88.56$90.0012.0%3.4%9.5%19.7%12.8%0.4%-0.2%140.5M-1.89B-93.0M0.492.46N/AN/A458,939223,4194,351,4292,767,606
2026-03-09$89.25$90.0012.1%3.4%9.9%20.0%12.4%0.4%-0.1%718.4M-4.43B-95.9M0.693.03N/AN/A234,602162,5714,453,6442,763,406
2026-03-10$88.34$90.0011.8%3.4%10.6%18.4%12.5%0.9%-0.0%323.3M-1.36B-92.5M0.672.33N/AN/A151,628100,8714,375,8242,763,871
2026-03-11$87.25$90.0013.1%3.7%10.9%26.6%13.5%2.0%-0.2%-46.7M1.57B-91.6M0.652.26N/AN/A483,175311,8604,423,9062,814,583
2026-03-12$87.03$89.0014.9%4.2%10.7%38.3%14.7%3.4%-0.3%-42.9M1.83B-95.2M0.842.86N/AN/A294,899246,6074,511,0872,895,630
2026-03-13$86.59$89.0014.2%4.2%9.3%33.6%14.3%2.8%-0.2%-212.6M2.80B-92.1M0.652.23N/AN/A332,999217,4894,580,7712,936,469
2026-03-16$87.22$89.0012.2%3.5%9.5%20.9%12.6%1.1%0.1%152.6M669.1M-91.9M0.771.88N/AN/A197,968151,7694,576,0842,908,812
2026-03-17$87.47$89.0011.4%3.3%9.5%15.5%11.8%1.3%-0.0%249.0M70.6M-90.9M0.491.95N/AN/A245,262120,4914,603,2282,912,770
2026-03-18$86.97$89.0011.4%3.4%9.6%15.7%11.9%2.4%0.2%133.2M1.52B-90.6M0.412.50N/AN/A331,839135,0124,661,9482,967,757
2026-03-19$87.59$88.0011.3%3.3%10.0%14.8%11.6%0.8%0.4%354.9M-650.8M-92.5M0.552.29N/AN/A336,730186,7204,663,9572,949,014
2026-03-20$85.84$88.0015.6%4.5%12.1%42.6%16.1%2.9%-0.1%-205.7M3.57B-91.0M0.822.07N/AN/A626,496515,7924,785,0432,981,680
2026-03-23$86.47$88.0014.1%4.1%12.4%33.3%14.7%2.3%0.0%157.5M1.30B-91.8M0.792.04N/AN/A290,222230,0134,368,7452,743,583
2026-03-24$86.10$87.0014.5%4.2%12.4%35.6%14.8%2.3%-0.0%113.3M2.09B-90.9M0.571.75N/AN/A298,025170,5364,435,2932,754,627
2026-03-26$86.18$87.0015.5%4.5%12.4%41.9%15.9%2.5%-0.0%195.8M1.68B-91.7M1.151.98N/AN/A282,346323,8864,514,7742,792,482
2026-03-27$85.59$86.0016.4%4.7%12.2%47.5%16.8%2.4%-0.1%-59.2M3.12B-92.0M0.542.22N/AN/A331,975180,3664,683,0402,934,155
2026-03-30$86.70$86.0015.3%4.4%13.1%40.6%16.0%2.7%-0.2%550.7M-471.8M-93.9M0.582.15N/AN/A327,002190,2084,689,0002,868,099
2026-03-31$87.07$86.0012.9%3.7%12.6%25.2%13.3%2.2%0.1%916.9M-1.44B-92.4M0.371.60N/AN/A357,795131,7714,677,1472,880,309