Tour v366
TLT
iShares 20+ Year Treasury Bond ETF
$83.89 -0.75%
$83.88 (-0.01%)🌙
as of 07/20 07:09 PM
(7/20 16:00) ◀
|
Monday, July 20, 2026 (7:10pm)
January 2026
|
▶ (7/21 10:00)
◀ 7/20 19:10 ▶

Option Volume

Detail
ℹ
Current (07/20) 301,386
Calls: 221,431 (73%)
Puts: 79,955 (27%)
Prior (07/17) 420,970
Calls: 334,324 (79%)
Puts: 86,646 (21%)
Current vs Prior -28.41%
Calls: -33.77% (Calls)
Puts: -7.72% (Puts)
Prior 7-Day Total 2,698,238
Calls: 1,803,423 (67%)
Puts: 894,815 (33%)
Prior 7-Day Average 385,462
Calls: 257,631 (67%)
Puts: 127,830 (33%)
Current vs Prior 7-Day Avg -21.81%
Calls: -14.05%
Puts: -37.45%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20) $45.45M
Calls: $40.92M (90%)
Puts: $4.52M (10%)
Prior (07/17) $63.13M
Calls: $59.29M (94%)
Puts: $3.84M (6%)
Current vs Prior -28.01%
Calls: -30.98%
Puts: +17.79%
Prior 7-Day Total $370.33M
Calls: $309.04M (83%)
Puts: $61.30M (17%)
Prior 7-Day Average $52.90M
Calls: $44.15M (83%)
Puts: $8.76M (17%)
Current vs Prior 7-Day Avg -14.10%
Calls: -7.30%
Puts: -48.36%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20) 0.36
Prior (07/17) 0.26
Current vs Prior +39.32%
Prior 7-Day Average 0.50
Current vs Prior 7-Day Avg -27.47%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20) 1,285,319
Calls: 765,495 (60%)
Puts: 519,824 (40%)
Prior (07/17) 2,122,952
Calls: 1,391,729 (66%)
Puts: 731,223 (34%)
Current vs Prior -39.46%
Prior 7-Day Total 13,370,258
Calls: 7,618,355 (57%)
Puts: 5,751,903 (43%)
Prior 7-Day Average 1,910,036
Calls: 1,088,336 (57%)
Puts: 821,700 (43%)
Current vs Prior 7-Day Avg -32.71%
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 0.60% | 0.94%1.22% | 1.72%0.60% | 2.65%
Prior 0.88% | 1.08%0.66% | 1.27%0.66% | 2.97%
Current vs Prior +7.56% | +12.93%+83.50% | +35.58%-10.05% | -10.89%
Prior 7-Day Avg 0.91% | 1.13%0.92% | 1.46%0.86% | 3.11%
Current vs 7-Day Avg +3.47% | +7.43%+31.80% | +17.85%-31.07% | -14.86%
Prior 7-Day Eod 0.63% | 0.94%0.66% | 1.27%0.66% | 2.97%
Current vs 7-Day Eod +49.04% | +29.10%+83.50% | +35.58%-10.05% | -10.89%
Sentiment BEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 4.68% | 2.12%
Calls: 5.66% | 1.54%
Puts: 3.70% | 2.70%
Prior 9.25% | 4.88%
Calls: 4.76% | 6.25%
Puts: 13.73% | 3.51%
Current vs Prior -49.41% | -56.56%
Prior 7-Day Avg 9.60% | 3.52%
Calls: 6.03% | 2.96%
Puts: 7.45% | 3.67%
Current vs 7-Day Avg -51.23% | -39.70%
Liquidity Good
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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($40.92M) vs puts ($4.52M). Extreme bullish P/C ratio of 0.36 - heavy call buying (221,431 calls vs 79,955 puts). P/C ratio rising 39% - increased hedging/bearish positioning. Declining open interest (down 39%) indicates positions being closed.

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 263 of results (avg 3.7%, best 0.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Aug 281.301.31$1.310.8%320.54193
$83.50Aug 211.161.17$1.170.9%2230.54--
$70.00Jul 3113.9014.05$13.981.1%141.0021
$70.00Aug 2113.9014.05$13.981.1%181.00126
$70.00Jul 2413.8514.00$13.931.1%41.004
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Aug 71.171.18$1.170.9%1140.674.0K
$100.00Jul 2016.0516.20$16.130.9%181.00--
$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 $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 240.050.06$0.0616.7%1.6K0.1238.2K
$88.00Aug 140.050.06$0.0616.7%5200.05--
$88.50Aug 210.050.06$0.0616.7%470.05--
$89.00Aug 210.050.06$0.0616.7%2680.0447.7K
$89.50Aug 280.050.06$0.0616.7%10.04136
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%1100.10176
$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%6480.09634
$81.50Jul 310.060.07$0.0714.3%1.8K0.083.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 188 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 223.804.00$3.905.1%21.00--
$80.50Jul 223.303.50$3.405.9%51.00--
$81.00Jul 222.842.96$2.904.1%41.0014
$82.00Jul 221.851.96$1.915.8%11.0036
$75.00Jul 298.909.05$8.981.7%81.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 201.051.18$1.1211.6%1661.00340
$85.50Jul 201.551.68$1.628.0%661.00136
$86.00Jul 202.052.18$2.126.1%481.003
$86.50Jul 202.552.68$2.625.0%171.00--
$87.00Jul 203.053.20$3.134.8%191.00--

Most actively traded options today. High liquidity = easy entry/exit. 410 active (total vol 301.2K, top 22.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 313.954.10$4.033.7%22.3K0.97220
$79.50Jul 314.454.60$4.533.3%21.4K0.98--
$80.00Jul 293.904.05$3.973.8%19.2K1.00201
$80.50Jul 293.403.55$3.474.3%19.2K0.951
$87.00Aug 210.120.13$0.137.7%16.8K0.1030.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.280.29$0.293.4%5.8K0.581.6K
$82.00Aug 210.330.34$0.342.9%4.7K0.2436.4K
$84.00Jul 200.070.16$0.1275.0%4.3K0.916.1K
$81.00Aug 30.060.07$0.0714.3%3.6K0.07--
$84.50Jul 240.690.72$0.714.2%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. 60 strikes (avg 1074.7%, max 3895.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 20Aug 21817.4%20.5%3895.5%53534
$70.00Jul 20Aug 21880.3%22.1%3889.0%157126
$77.00Jul 20Aug 14449.1%15.4%2809.6%26330
$78.00Jul 20Aug 14388.4%14.2%2643.3%24130
$76.00Jul 20Aug 3509.8%19.3%2542.0%136--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$90.00Jul 20Aug 28373.0%12.3%2923.0%23--
$93.00Jul 20Aug 14523.3%17.8%2841.3%79--
$89.00Jul 20Aug 28320.2%11.6%2666.2%16--
$88.00Jul 20Aug 21265.9%11.3%2258.6%324.3K
$88.50Jul 20Jul 29293.3%14.2%1967.1%8--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 73 found (best R:R 6.69, avg 1.75)

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
$84.50$85.00Jul 29$0.13$0.37$0.132.85$84.63
$85.50$86.00Aug 28$0.13$0.37$0.132.85$85.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.00$82.00Aug 3$0.20$0.80$0.204.00$82.80
$82.00$81.50Aug 28$0.10$0.40$0.104.00$81.90
$84.00$83.50Jul 20$0.11$0.39$0.113.55$83.89
$83.50$83.00Jul 24$0.11$0.39$0.113.55$83.39
$83.50$83.00Jul 27$0.11$0.39$0.113.55$83.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 96 found (best R:R 24.00, avg 1.65)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$83.00Aug 3$0.86$0.86$0.146.14$82.86
$81.00$82.00Aug 28$0.82$0.82$0.184.56$81.82
$83.00$83.50Jul 24$0.39$0.39$0.113.55$83.39
$82.50$83.00Aug 7$0.39$0.39$0.113.55$82.89
$82.00$82.50Aug 21$0.39$0.39$0.113.55$82.39
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$89.00$86.50Aug 28$2.40$2.40$0.1024.00$86.60
$86.50$85.00Aug 14$1.28$1.28$0.225.82$85.22
$86.50$85.00Aug 28$1.20$1.20$0.304.00$85.30
$85.00$84.50Jul 29$0.38$0.38$0.123.17$84.62
$85.50$85.00Aug 21$0.38$0.38$0.123.17$85.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 17 found (avg debit $0.13, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 20Jul 22$0.0574.2%10.6%
$81.50Jul 20Jul 24$0.07172.8%15.0%
$75.00Jul 20Jul 29$0.10570.7%27.6%
$71.00Jul 20Aug 21$0.12817.4%20.5%
$72.00Jul 20Aug 3$0.12755.1%28.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 20Jul 22$0.0937.9%9.9%
$84.00Jul 20Jul 22$0.1713.9%9.8%
$93.00Jul 20Aug 14$0.17523.3%17.8%
$89.00Jul 20Aug 28$0.20320.2%11.6%
$90.00Jul 20Aug 28$0.20373.0%12.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 134 found (cheapest 0.15% of stock, avg 2.81%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 20$0.01$0.12$0.13$83.87$84.130.15%
$83.50Jul 20$0.38$0.01$0.39$83.11$83.890.46%
$84.00Jul 22$0.19$0.29$0.48$83.52$84.480.57%
$83.50Jul 22$0.50$0.10$0.60$82.90$84.100.72%
$84.50Jul 20$0.01$0.62$0.63$83.87$85.130.75%
$84.50Jul 22$0.05$0.65$0.70$83.80$85.200.83%
$84.00Jul 24$0.32$0.39$0.71$83.29$84.710.85%
$84.00Jul 27$0.38$0.43$0.81$83.19$84.810.97%
$83.50Jul 24$0.63$0.19$0.82$82.68$84.320.98%
$84.50Jul 24$0.14$0.71$0.85$83.65$85.351.01%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 200 found (cheapest 0.06% of stock, avg 0.76%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$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
$85.50$82.00Jul 27$0.04$0.04$0.08$81.92$85.58
$85.00$82.00Jul 24$0.06$0.03$0.09$81.91$85.09
$85.00$82.50Jul 24$0.06$0.04$0.10$82.40$85.10
$85.50$82.50Jul 27$0.04$0.06$0.10$82.40$85.60
$86.00$81.50Jul 29$0.05$0.05$0.10$81.40$86.10
$85.50$83.00Jul 24$0.03$0.08$0.11$82.89$85.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 36 found (best R:R 3.55, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8284/84Aug 21$0.39$0.113.55$82.11$83.89
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
84/8485/86Aug 28$0.39$0.113.55$83.61$85.39
82/8284/84Aug 14$0.38$0.123.17$82.12$83.88
82/8384/84Aug 21$0.38$0.123.17$82.62$84.38
82/8284/84Aug 28$0.38$0.123.17$81.62$83.88
83/8484/85Aug 14$0.37$0.132.85$83.13$84.87
84/8486/86Aug 28$0.37$0.132.85$83.63$85.87
82/8384/84Aug 7$0.36$0.142.57$82.64$84.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 74 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$84.50$85.00$85.50Jul 24$0.05$0.459.00
$85.00$86.00$87.00Aug 3$0.10$0.909.00
$83.50$84.00$84.50Aug 14$0.05$0.459.00
$84.50$85.00$85.50Aug 14$0.05$0.459.00
$84.00$84.50$85.00Aug 21$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$84.50$85.00$85.50Jul 24$0.05$0.459.00
$82.50$83.00$83.50Jul 27$0.05$0.459.00
$84.50$85.00$85.50Jul 27$0.05$0.459.00
$82.50$83.00$83.50Jul 29$0.05$0.459.00
$83.00$83.50$84.00Aug 7$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. 131 found (best net $--, 113 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$95.00$99.001:2Aug 21$0.00$4.00
$70.00$76.001:2Jul 31-$2.02$3.98
$90.50$93.001:2Jul 24-$0.01$2.49
$76.00$79.501:2Jul 31-$1.06$2.44
$91.00$93.001:2Aug 28-$0.02$1.98
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$74.00$72.001:2Aug 21$0.00$2.00
$78.00$76.001:2Aug 7-$0.01$1.99
$89.00$86.501:2Aug 28-$0.53$1.97
$88.00$86.001:2Aug 3-$0.41$1.59
$86.50$85.001:2Aug 14-$0.33$1.17

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 1.22%, avg 0.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$1.020.460.1%1.22%1.35%47413
$84.00Aug 21$0.890.450.1%1.06%1.19%4.0K23.1K
$84.50Aug 28$0.790.390.7%0.94%1.67%1074.1K
$84.00Aug 14$0.760.450.1%0.91%1.04%655638
$84.50Aug 21$0.660.380.7%0.79%1.51%356--
$84.00Aug 7$0.640.440.1%0.76%0.89%178599
$85.00Aug 28$0.600.321.3%0.72%2.04%252703
$84.00Aug 3$0.570.440.1%0.68%0.81%827--
$84.00Jul 31$0.560.480.1%0.67%0.80%1.5K5.7K
$84.50Aug 14$0.540.360.7%0.64%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 221,431
Total Puts 79,955
Put/Call Ratio 0.36
Net Difference 141,476

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 1,803,423
Total Puts 894,815
Average Put/Call Ratio 0.50
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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