TLT Implied Volatility
TLT $80.70 · Updated Nov 10, 4:00 PM ET
TLT at-the-money implied volatility is 10.6% for Nov 11, 2026 (1 day out). For Dec 11, 2026 it is 11.6%. Longer-dated volatility is priced at or above near-term volatility, the normal upward-sloping term structure.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Nov 11, 2026 | 1 | 80.5 | 10.6% |
| Nov 13, 2026 | 3 | 80.5 | 11.7% |
| Nov 16, 2026 | 6 | 80.5 | 9.7% |
| Nov 18, 2026 | 8 | 80.5 | 10.4% |
| Nov 20, 2026 | 10 | 80.5 | 11.0% |
| Nov 23, 2026 | 13 | 80.5 | 10.4% |
| Nov 25, 2026 | 15 | 80.5 | n/a |
| Nov 27, 2026 | 17 | 80.5 | 10.5% |
| Nov 30, 2026 | 20 | 81 | 10.2% |
| Dec 4, 2026 | 24 | 80.5 | 10.9% |
| Dec 11, 2026 | 31 | 80.5 | 11.6% |
| Dec 18, 2026 | 38 | 81 | 11.7% |
SKEW, NOV 11, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 76.5 | 0.0% | 44.7% |
| 77 | 0.0% | 40.1% |
| 77.5 | 0.0% | 35.5% |
| 78 | 0.0% | 30.9% |
| 78.5 | 0.0% | 26.2% |
| 79 | 0.0% | 21.4% |
| 79.5 | 0.0% | 16.5% |
| 80 | 0.0% | 14.1% |
| 80.5 | 9.4% | 11.9% |
| 81 | 10.4% | 11.1% |
| 81.5 | 10.9% | 13.7% |
| 82 | 12.7% | 15.3% |
| 82.5 | 17.5% | 24.3% |
| 83 | 22.1% | 32.0% |
| 83.5 | 26.6% | 36.7% |
| 84 | 31.0% | 40.9% |
| 84.5 | 35.2% | 46.1% |
How this is calculated: Implied Volatility methodology