TLT Options History — April 2026

In April 2026, TLT traded between $86.25 and $86.73. ATM implied volatility averaged 12.3%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded below realized volatility by 0.8% (HV 20d: 13.1%). Max pain ranged from $86.00 to $87.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 1 of 2 days. Put/call ratio averaged 0.65.

Notable Days

2026-04-01: Highest Volume — 453,967 contracts
2026-04-02: Largest IV drop — 7.7% change
2026-04-01: Highest IV Rank — 24.6%
2026-04-01: Largest Expected Move — 3.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$86.49	$86.25	$86.73	$86.25	$86.73
Max Pain	$86.50	$86.00	$87.00	$86.00	$87.00
ATM IV	12.3%	11.8%	12.8%	12.8%	11.8%
Expected Move	3.5%	3.4%	3.7%	3.7%	3.4%
HV 20d	13.1%	13.0%	13.2%	13.0%	13.2%
HV 60d	10.8%	10.8%	10.8%	10.8%	10.8%
IV Rank	21.5%	18.4%	24.6%	24.6%	18.4%
IV Percentile	44.4%	35.7%	53.2%	53.2%	35.7%
Term Structure	0.0%	-0.1%	0.1%	-0.1%	0.1%
VWIV	12.4%	11.9%	13.0%	13.0%	11.9%
Skew 25d	2.2%	1.9%	2.6%	2.6%	1.9%
Skew 10d	4.4%	4.2%	4.6%	4.6%	4.2%
Call IV 25d	11.2%	11.1%	11.3%	11.3%	11.1%
Put IV 25d	13.4%	13.0%	13.9%	13.9%	13.0%
Bid-Ask Spread %	1.86	1.78	1.94	1.94	1.78
Gamma HHI	0.06	0.05	0.06	0.05	0.06
Net GEX	597.0M	385.3M	808.8M	385.3M	808.8M
Net DEX	102.0M	-807.7M	1.01B	1.01B	-807.7M
Net VEX	-90.7M	-91.6M	-89.8M	-89.8M	-91.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.62	0.69	0.69	0.62
Total Volume	443,836	433,705	453,967	453,967	433,705
Total OI	7,375,854.5	7,342,387	7,409,322	7,342,387	7,409,322

Daily Data (2 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
2026-04-01	$86.25	$86.00	12.8%	3.7%	13.0%	24.6%	13.0%	2.6%	-0.1%	385.3M	1.01B	-89.8M	0.69	1.94	N/A	N/A	268,508	185,459	4,582,315	2,760,072
2026-04-02	$86.73	$87.00	11.8%	3.4%	13.2%	18.4%	11.9%	1.9%	0.1%	808.8M	-807.7M	-91.6M	0.62	1.78	N/A	N/A	267,920	165,785	4,654,310	2,755,012