TLT Implied Volatility
TLT $81.68 · Updated Oct 26, 4:00 PM ET
TLT at-the-money implied volatility is 14.0% for Oct 28, 2026 (2 days out). For Nov 27, 2026 it is 13.1%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 28, 2026 | 2 | 81.5 | 14.0% |
| Oct 30, 2026 | 4 | 82 | 14.5% |
| Nov 2, 2026 | 7 | 81.5 | 13.6% |
| Nov 4, 2026 | 9 | 81.5 | 14.5% |
| Nov 6, 2026 | 11 | 81.5 | 14.5% |
| Nov 13, 2026 | 18 | 81.5 | 13.9% |
| Nov 20, 2026 | 25 | 81.5 | 13.4% |
| Nov 27, 2026 | 32 | 81.5 | 13.1% |
| Nov 30, 2026 | 35 | 82 | 13.0% |
| Dec 4, 2026 | 39 | 81.5 | 13.5% |
| Dec 18, 2026 | 53 | 82 | 14.2% |
| Dec 31, 2026 | 66 | 82 | 13.6% |
SKEW, OCT 28, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 77.5 | 52.0% | 32.8% |
| 78 | 47.1% | 28.9% |
| 78.5 | 42.2% | 25.8% |
| 79 | 34.4% | 21.9% |
| 79.5 | 29.4% | 20.7% |
| 80 | 25.2% | 18.4% |
| 80.5 | 20.5% | 16.0% |
| 81 | 15.6% | 14.6% |
| 81.5 | 13.8% | 14.2% |
| 82 | 13.9% | 15.2% |
| 82.5 | 14.8% | 17.3% |
| 83 | 16.0% | 21.0% |
| 83.5 | 17.6% | 26.0% |
| 84 | 18.8% | 29.9% |
| 84.5 | 22.3% | 34.4% |
| 85 | 25.8% | n/a |
| 86 | 32.0% | n/a |
How this is calculated: Implied Volatility methodology