5-Year Treasury Note Futures (December 2026) (/ZFZ6) Options History
Historical options analytics archive for /ZFZ6 with monthly max pain, implied volatility, gamma exposure, and put/call data.
5 months of complete options data available.
/ZFZ6 monthly aggregates
Month-by-month rollups derived from the daily snapshot archive for /ZFZ6. Volatility and put/call columns are averages across trading days within the month; max pain, net GEX, and net DEX are the end-of-month values (last trading day of the month).
| Month | Days | Avg ATM IV | Avg IV Rank | End Max Pain | End Net GEX | End Net DEX | Avg P/C |
|---|---|---|---|---|---|---|---|
| 2026-09 | 21 | 3.9% | - | $105.00 | -$1.11B | $27.22B | 1.37 |
| 2026-08 | 21 | 3.3% | - | $106.25 | -$9.81B | $18.59B | 1.58 |
| 2026-07 | 22 | 3.5% | - | $107.00 | -$601.6M | $3.00B | 1.80 |
| 2026-06 | 21 | 3.5% | - | $109.00 | -$169.2M | $558.0M | 1.45 |
| 2026-05 | 13 | 3.7% | - | $108.25 | -$5.2M | $58.7M | 0.78 |
This archive aggregates /ZFZ6's daily end-of-day options snapshots into monthly summaries, spanning 2026-05 through 2026-09. Each month rolls up the underlying snapshot archive, which provides continuous end-of-day coverage from 2007 to present: implied-volatility levels, IV rank, and the put/call ratio are time-averaged across the month; total call and put volume are summed; and dealer positioning (net gamma and delta exposure) and the max-pain strike are taken at the month's final trading day. The result is a long-horizon view of how /ZFZ6 option pricing, volatility regime, and dealer hedging pressure evolved month over month, useful for backtesting strategy assumptions and for studying volatility-regime shifts around earnings and macro events. The most recent aggregated month (2026-09) shows an average ATM implied volatility near 3.9%, a month-end max-pain strike around $105.00, an average put/call ratio of 1.37.
2026
Frequently asked ZFZ6 history questions
- How much options history is available for ZFZ6?
- This archive holds 5 months of ZFZ6 options analytics, spanning 2026-05 through 2026-09. Each entry is a monthly rollup of ZFZ6's daily end-of-day options snapshot record, which provides continuous coverage from 2007 to present. Use the year-grouped links on this page to jump to any specific month within the ZFZ6 archive.
- What data does each monthly ZFZ6 aggregate contain?
- Every monthly row summarizes that month of ZFZ6 option activity: time-averaged ATM implied volatility and IV rank, the month-end max-pain strike, end-of-month net dealer gamma (GEX) and delta (DEX) exposure, the average put/call ratio, and total call and put volume. For example, 2026-09 recorded an average ATM implied volatility near 3.9%, a month-end max-pain strike around $105.00, an average put/call ratio of 1.37.
- How is the ZFZ6 options-history archive built and how often does it update?
- The archive is derived from ZFZ6's daily end-of-day options snapshots, which capture spot, the full listed chain, implied volatility, and dealer-positioning exposures each trading day. Those daily records are rolled up into the monthly summaries shown here and refreshed as new end-of-day data lands. Traders use the long-horizon view to backtest strategy assumptions, study how ZFZ6's volatility regime shifts around earnings and macro events, and compare current dealer positioning against historical norms.