Tour v365
TLT
iShares 20+ Year Treasury Bond ETF
$83.88 -0.76%
(7/20 15:00) ◀
|
Monday, July 20, 2026 (3:12pm)
January 2026
|
▶ (7/20 16:00)
◀ 7/20 15:12 ▶

Option Volume

Detail
ℹ
Current (07/20) 255,021
Calls: 184,640 (72%)
Puts: 70,381 (28%)
Prior (07/17) 420,970
Calls: 334,324 (79%)
Puts: 86,646 (21%)
Current vs Prior -39.42%
Calls: -44.77% (Calls)
Puts: -18.77% (Puts)
Prior 7-Day Total 2,712,936
Calls: 1,799,064 (66%)
Puts: 913,872 (34%)
Prior 7-Day Average 387,562
Calls: 257,009 (66%)
Puts: 130,553 (34%)
Current vs Prior 7-Day Avg -34.20%
Calls: -28.16%
Puts: -46.09%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20) $37.99M
Calls: $34.30M (90%)
Puts: $3.69M (10%)
Prior (07/17) $63.13M
Calls: $59.29M (94%)
Puts: $3.84M (6%)
Current vs Prior -39.82%
Calls: -42.15%
Puts: -3.86%
Prior 7-Day Total $355.11M
Calls: $290.98M (82%)
Puts: $64.13M (18%)
Prior 7-Day Average $50.73M
Calls: $41.57M (82%)
Puts: $9.16M (18%)
Current vs Prior 7-Day Avg -25.11%
Calls: -17.48%
Puts: -59.72%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20) 0.38
Prior (07/17) 0.26
Current vs Prior +47.08%
Prior 7-Day Average 0.51
Current vs Prior 7-Day Avg -25.88%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20) 1,656,598
Calls: 1,019,985 (62%)
Puts: 636,613 (38%)
Prior (07/17) 2,122,952
Calls: 1,391,729 (66%)
Puts: 731,223 (34%)
Current vs Prior -21.97%
Prior 7-Day Total 13,710,092
Calls: 7,694,282 (56%)
Puts: 6,015,810 (44%)
Prior 7-Day Average 1,958,584
Calls: 1,099,183 (56%)
Puts: 859,401 (44%)
Current vs Prior 7-Day Avg -15.42%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/20) | Next (07/22)Expiry (07/24) | Next (07/31)Expiry (07/20) | Next (08/21)
Current 0.63% | 0.94%1.22% | 1.73%0.63% | 2.62%
Prior 0.88% | 1.08%0.66% | 1.27%0.66% | 2.97%
Current vs Prior -27.83% | -12.52%+83.52% | +36.55%-4.63% | -11.68%
Prior 7-Day Avg 0.90% | 1.12%0.91% | 1.46%0.93% | 3.14%
Current vs 7-Day Avg -29.94% | -16.08%+33.26% | +18.15%-32.21% | -16.40%
Prior 7-Day Eod 0.88% | 1.08%0.66% | 1.27%0.66% | 2.97%
Current vs 7-Day Eod -27.83% | -12.52%+83.52% | +36.55%-4.63% | -11.68%
Sentiment BULLISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 26.73% | 4.72%
Calls: 15.00% | 6.00%
Puts: 38.46% | 3.45%
Prior 9.25% | 4.88%
Calls: 4.76% | 6.25%
Puts: 13.73% | 3.51%
Current vs Prior +188.97% | -3.28%
Prior 7-Day Avg 6.28% | 3.16%
Calls: 5.72% | 2.78%
Puts: 6.84% | 3.53%
Current vs 7-Day Avg +325.44% | +49.57%
Liquidity Acceptable
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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($34.30M) vs puts ($3.69M). Extreme bullish P/C ratio of 0.38 - heavy call buying (184,640 calls vs 70,381 puts). P/C ratio rising 47% - increased hedging/bearish positioning. Call-heavy open interest (1,019,985 calls vs 636,613 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 322 of results (avg 3.2%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 281.601.61$1.610.6%450.63126
$83.50Aug 281.291.30$1.300.8%320.54193
$83.00Aug 71.271.28$1.270.8%140.6881
$83.50Aug 211.151.16$1.150.9%1830.54--
$69.00Aug 2114.9015.05$14.981.0%--1.00134
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jul 2016.0516.20$16.130.9%181.00--
$84.00Aug 211.041.05$1.051.0%2.8K0.5550.7K
$99.00Jul 2015.0515.20$15.131.0%171.00--
$84.00Aug 140.960.97$0.971.0%770.561.8K
$98.00Jul 2014.0514.20$14.131.1%431.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 133 found (avg $0.34, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 240.050.06$0.0616.7%1.4K0.1238.2K
$88.00Aug 140.050.06$0.0616.7%5200.05915
$88.50Aug 210.050.06$0.0616.7%470.05--
$89.50Aug 280.050.06$0.0616.7%10.04136
$87.00Aug 70.060.07$0.0714.3%700.072.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%1050.10176
$81.50Jul 310.050.06$0.0616.7%1.8K0.073.5K
$80.00Aug 70.050.06$0.0616.7%1.5K0.063.2K
$78.00Aug 280.050.06$0.0616.7%20.04344
$82.00Jul 290.060.07$0.0714.3%6480.10634

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 243 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.9012.05$11.981.3%181.00--
$73.00Aug 310.9011.05$10.981.4%291.00--
$76.00Aug 37.908.10$8.002.5%141.00--
$77.00Aug 36.957.10$7.032.1%21.00--
$75.00Aug 78.909.10$9.002.2%--1.0081
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 201.091.17$1.137.1%1601.00340
$85.50Jul 201.591.67$1.634.9%441.00136
$86.00Jul 202.082.16$2.123.8%331.003
$86.50Jul 202.572.67$2.623.8%171.00--
$87.00Jul 203.053.20$3.134.8%111.00--

Most actively traded options today. High liquidity = easy entry/exit. 397 active (total vol 254.8K, top 18.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 293.904.05$3.973.8%18.5K0.98201
$80.50Jul 293.403.55$3.474.3%18.5K0.971
$87.00Aug 210.120.13$0.137.7%16.8K0.1030.8K
$80.00Jul 313.954.05$4.002.5%16.1K0.97220
$79.50Jul 314.454.55$4.502.2%15.2K0.985
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.280.29$0.293.4%5.4K0.581.6K
$82.00Aug 210.330.34$0.342.9%4.7K0.2436.4K
$84.00Jul 200.100.15$0.1338.5%4.1K0.926.1K
$81.00Aug 30.060.07$0.0714.3%3.4K0.07--
$84.50Jul 240.700.73$0.724.2%3.3K0.7519.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 73 strikes (avg 1171.4%, max 2683.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 20Aug 21568.3%20.4%2683.0%53534
$70.00Jul 20Aug 21612.0%22.0%2678.7%157126
$75.00Jul 20Aug 21396.6%16.1%2364.5%8774
$93.00Jul 20Aug 28364.4%15.2%2293.0%1957
$77.00Jul 20Aug 21312.0%13.6%2196.5%53252
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 20Aug 21462.6%19.6%2260.3%145136
$94.00Jul 20Aug 21397.8%17.0%2244.6%72212
$95.00Jul 20Aug 21430.5%18.4%2238.8%145137
$93.00Jul 20Aug 21364.4%15.7%2219.0%72140
$92.00Jul 20Aug 21330.3%15.4%2048.0%16257

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 72 found (best R:R 6.69, avg 1.77)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$86.00Aug 3$0.13$0.87$0.136.69$85.13
$85.00$85.50Aug 7$0.10$0.40$0.104.00$85.10
$85.00$85.50Aug 14$0.12$0.38$0.123.17$85.12
$85.50$86.00Aug 28$0.12$0.38$0.123.17$85.62
$84.50$85.00Jul 29$0.13$0.37$0.132.85$84.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.50$83.00Jul 24$0.10$0.40$0.104.00$83.40
$82.00$81.50Aug 28$0.10$0.40$0.104.00$81.90
$83.00$82.00Aug 3$0.21$0.79$0.213.76$82.79
$82.50$82.00Aug 14$0.11$0.39$0.113.55$82.39
$84.00$83.50Jul 20$0.12$0.38$0.123.17$83.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 97 found (best R:R 20.43, avg 1.60)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$83.00Aug 3$0.86$0.86$0.146.14$82.86
$82.50$83.00Aug 7$0.40$0.40$0.104.00$82.90
$82.00$82.50Aug 21$0.40$0.40$0.104.00$82.40
$81.50$82.00Aug 28$0.40$0.40$0.104.00$81.90
$83.50$84.00Jul 20$0.39$0.39$0.113.55$83.89
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$88.00$85.00Aug 3$2.86$2.86$0.1420.43$85.14
$85.00$84.50Jul 27$0.40$0.40$0.104.00$84.60
$85.50$85.00Aug 14$0.39$0.39$0.113.55$85.11
$85.50$85.00Aug 21$0.38$0.38$0.123.17$85.12
$84.50$84.00Jul 22$0.37$0.37$0.132.85$84.13

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 20 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 20Jul 22$0.0551.2%10.3%
$79.00Jul 20Jul 29$0.07227.4%15.7%
$81.50Jul 20Jul 24$0.07119.8%14.7%
$71.00Jul 20Aug 21$0.10568.3%20.4%
$72.00Jul 20Aug 3$0.10524.9%28.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 20Jul 22$0.1025.9%10.1%
$96.00Jul 20Aug 21$0.14462.6%19.6%
$84.00Jul 20Jul 22$0.1610.3%9.5%
$93.00Jul 20Aug 7$0.17364.4%18.3%
$94.00Jul 20Aug 21$0.17397.8%17.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 215 found (cheapest 0.17% of stock, avg 4.52%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 20$0.01$0.13$0.14$83.86$84.140.17%
$83.50Jul 20$0.40$0.01$0.41$83.09$83.910.49%
$84.00Jul 22$0.19$0.29$0.48$83.52$84.480.57%
$83.50Jul 22$0.50$0.11$0.61$82.89$84.110.73%
$84.50Jul 20$0.01$0.62$0.63$83.87$85.130.75%
$84.50Jul 22$0.05$0.66$0.71$83.79$85.210.85%
$84.00Jul 24$0.32$0.40$0.72$83.28$84.720.86%
$83.50Jul 24$0.62$0.19$0.81$82.69$84.310.97%
$84.00Jul 27$0.37$0.44$0.81$83.19$84.810.97%
$84.50Jul 24$0.14$0.72$0.86$83.64$85.361.03%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 201 found (cheapest 0.02% of stock, avg 0.76%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$83.50Jul 20$0.01$0.01$0.02$83.48$84.02
$85.00$83.00Jul 22$0.02$0.03$0.05$82.95$85.05
$85.50$82.00Jul 24$0.03$0.03$0.06$81.94$85.56
$85.50$82.50Jul 24$0.03$0.04$0.07$82.43$85.57
$84.50$83.00Jul 22$0.05$0.03$0.08$82.92$84.58
$85.00$82.00Jul 24$0.06$0.03$0.09$81.91$85.09
$85.50$82.00Jul 27$0.05$0.04$0.09$81.91$85.59
$85.00$82.50Jul 24$0.06$0.04$0.10$82.40$85.10
$86.00$81.50Jul 29$0.05$0.05$0.10$81.40$86.10
$85.50$82.50Jul 27$0.05$0.06$0.11$82.39$85.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 3.55, avg credit $0.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 28$0.39$0.113.55$82.61$84.39
83/8484/85Aug 28$0.39$0.113.55$83.11$84.89
82/8284/84Aug 28$0.38$0.123.17$81.62$83.88
82/8284/84Aug 28$0.36$0.142.57$82.14$84.36
82/8384/85Aug 28$0.35$0.152.33$82.65$84.85
82/8284/84Aug 28$0.33$0.171.94$81.67$84.33
82/8284/85Aug 28$0.32$0.181.78$82.18$84.82
83/8484/84Jul 27$0.31$0.191.63$83.19$84.31
82/8284/85Aug 28$0.29$0.211.38$81.71$84.79
82/8384/85Aug 3$0.57$0.431.33$82.43$84.57

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 77 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$78.00$79.00$80.00Jul 29$0.05$0.9519.00
$78.00$79.00$80.00Aug 21$0.08$0.9211.50
$85.00$86.00$87.00Aug 3$0.09$0.9110.11
$84.50$85.00$85.50Jul 24$0.05$0.459.00
$83.00$83.50$84.00Jul 31$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$82.50$83.00$83.50Jul 24$0.05$0.459.00
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$83.00$83.50$84.00Aug 7$0.05$0.459.00
$84.00$84.50$85.00Aug 7$0.05$0.459.00
$83.00$83.50$84.00Aug 14$0.05$0.459.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 136 found (best net $--, 120 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$96.00$100.001:2Aug 28$0.00$4.00
$96.00$100.001:2Aug 14-$0.01$3.99
$97.00$100.001:2Jul 24-$0.01$2.99
$97.00$100.001:2Jul 31-$0.01$2.99
$97.00$100.001:2Aug 7-$0.01$2.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$75.00$70.001:2Aug 14$0.00$5.00
$75.00$70.001:2Jul 31-$0.01$4.99
$75.00$70.001:2Aug 7-$0.01$4.99
$74.00$70.001:2Jul 24-$0.01$3.99
$76.00$74.001:2Jul 24-$0.01$1.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 1.20%, avg 0.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$1.010.460.1%1.20%1.35%45413
$84.00Aug 21$0.880.450.1%1.05%1.19%3.5K23.1K
$84.50Aug 28$0.780.390.7%0.93%1.67%874.1K
$84.00Aug 14$0.750.450.1%0.89%1.04%645638
$84.50Aug 21$0.650.380.7%0.77%1.51%334--
$84.00Aug 7$0.630.440.1%0.75%0.89%159599
$85.00Aug 28$0.590.321.3%0.70%2.04%92703
$84.00Jul 31$0.560.480.1%0.67%0.81%1.5K5.7K
$84.00Aug 3$0.560.440.1%0.67%0.81%605--
$84.50Aug 14$0.530.360.7%0.63%1.37%16962

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 184,640
Total Puts 70,381
Put/Call Ratio 0.38
Net Difference 114,259

Prior's Put/Call Breakdown

Total Calls 334,324
Total Puts 86,646
Put/Call Ratio 0.26
Net Difference 247,678

Prior 7-Day Put/Call Summary

Total Calls 1,799,064
Total Puts 913,872
Average Put/Call Ratio 0.51
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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