Tour v376
TLT
iShares 20+ Year Treasury Bond ETF
$83.66 -0.28%
(7/21 15:00) ◀
|
Tuesday, July 21, 2026 (3:13pm)
January 2026
|
▶ (7/21 16:00)
◀ 7/21 15:13 ▶

Option Volume

Detail
ℹ
Current (07/21) 227,253
Calls: 167,783 (74%)
Puts: 59,470 (26%)
Prior (07/20) 301,386
Calls: 221,431 (73%)
Puts: 79,955 (27%)
Current vs Prior -24.60%
Calls: -24.23% (Calls)
Puts: -25.62% (Puts)
Prior 7-Day Total 2,375,415
Calls: 1,567,388 (66%)
Puts: 808,027 (34%)
Prior 7-Day Average 395,902
Calls: 223,912 (66%)
Puts: 115,432 (34%)
Current vs Prior 7-Day Avg -42.60%
Calls: -25.07%
Puts: -48.48%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/21) $44.04M
Calls: $40.83M (93%)
Puts: $3.21M (7%)
Prior (07/20) $45.45M
Calls: $40.92M (90%)
Puts: $4.52M (10%)
Current vs Prior -3.10%
Calls: -0.24%
Puts: -29.03%
Prior 7-Day Total $315.63M
Calls: $260.35M (82%)
Puts: $55.28M (18%)
Prior 7-Day Average $52.60M
Calls: $37.19M (82%)
Puts: $7.90M (18%)
Current vs Prior 7-Day Avg -16.29%
Calls: +9.77%
Puts: -59.36%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/21) 0.35
Prior (07/20) 0.36
Current vs Prior -1.84%
Prior 7-Day Average 0.52
Current vs Prior 7-Day Avg -31.67%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/21) 1,706,858
Calls: 1,065,902 (62%)
Puts: 640,956 (38%)
Prior (07/20) 1,285,319
Calls: 765,495 (60%)
Puts: 519,824 (40%)
Current vs Prior +32.80%
Prior 7-Day Total 11,112,300
Calls: 6,371,258 (57%)
Puts: 4,741,042 (43%)
Prior 7-Day Average 1,852,050
Calls: 1,061,876 (57%)
Puts: 790,173 (43%)
Current vs Prior 7-Day Avg -7.84%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/22) | Next (07/24)Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 0.79% | 1.09%1.09% | 1.65%2.68% | 3.99%
Prior 0.94% | 1.22%1.22% | 1.72%0.60% | 2.65%
Current vs Prior -16.23% | -10.54%-10.54% | -3.90%+349.24% | +50.86%
Prior 7-Day Avg 0.92% | 1.14%1.02% | 1.53%0.77% | 3.02%
Current vs 7-Day Avg -14.35% | -4.67%+6.78% | +8.13%+247.46% | +32.09%
Prior 7-Day Eod 0.94% | 1.22%1.22% | 1.72%0.60% | 2.65%
Current vs 7-Day Eod -16.23% | -10.54%-10.54% | -3.90%+349.24% | +50.86%
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 6.98% | 2.21%
Calls: 3.70% | 2.38%
Puts: 10.26% | 2.04%
Prior 4.68% | 2.12%
Calls: 5.66% | 1.54%
Puts: 3.70% | 2.70%
Current vs Prior +49.15% | +4.25%
Prior 7-Day Avg 6.31% | 3.15%
Calls: 5.43% | 2.71%
Puts: 7.18% | 3.60%
Current vs 7-Day Avg +10.62% | -29.95%
Liquidity Good
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🤖 AI Insights

Strong bullish conviction with 93% of dollar volume in calls ($40.83M) vs puts ($3.21M). Extreme bullish P/C ratio of 0.35 - heavy call buying (167,783 calls vs 59,470 puts). Call-heavy open interest (1,065,902 calls vs 640,956 puts) suggests bullish positioning. Rising open interest (up 33%) indicates new positions being established.

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 311 of results (avg 2.8%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Aug 281.801.81$1.810.6%10.6733
$82.50Aug 141.561.57$1.570.6%20.7117
$83.00Aug 211.331.34$1.340.7%2.2K0.597.9K
$83.00Aug 141.211.22$1.210.8%340.61213
$83.50Aug 281.181.19$1.190.8%1380.49183
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Aug 211.501.51$1.510.7%190.6664
$84.50Aug 141.431.44$1.440.7%140.68923
$84.00Aug 141.111.12$1.120.9%630.601.9K
$83.50Aug 281.011.02$1.021.0%1510.52887
$85.00Aug 281.911.93$1.921.0%590.70651

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 147 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.050.06$0.0616.7%1.7K0.221.4K
$85.50Jul 290.050.06$0.0616.7%3.1K0.09177
$86.00Jul 310.050.06$0.0616.7%3250.0837.7K
$87.00Aug 70.050.06$0.0616.7%790.062.0K
$88.00Aug 140.050.06$0.0616.7%2200.051.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%160.12238
$80.00Aug 70.050.06$0.0616.7%6220.064.6K
$79.00Aug 140.050.06$0.0616.7%--0.05936
$82.00Jul 290.060.07$0.0714.3%140.101.2K
$81.50Jul 310.060.07$0.0714.3%3.6K0.094.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 227 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 223.603.75$3.684.1%891.001
$80.50Jul 223.103.25$3.184.7%1041.003
$81.00Jul 222.652.70$2.681.9%1541.0017
$81.50Jul 222.152.20$2.172.3%1621.001
$82.00Jul 221.651.70$1.673.0%3351.0036
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 221.321.37$1.353.7%491.00316
$85.50Jul 221.821.87$1.852.7%41.004
$86.00Jul 222.322.37$2.342.1%41.001
$86.00Jul 242.322.37$2.342.1%611.0054
$86.50Jul 242.822.87$2.851.8%31.005

Most actively traded options today. High liquidity = easy entry/exit. 381 active (total vol 227.0K, top 42.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 313.753.85$3.802.6%42.5K0.974.5K
$79.50Jul 314.254.35$4.302.3%42.4K0.984.2K
$85.00Aug 210.430.44$0.442.3%15.6K0.2853.9K
$87.00Aug 210.120.13$0.137.7%6.4K0.1043.0K
$85.00Jul 290.090.10$0.1010.0%3.8K0.153.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 240.860.89$0.883.4%5.8K0.8521.8K
$83.50Jul 220.090.10$0.1010.0%5.5K0.355.1K
$82.00Aug 210.390.41$0.405.0%4.5K0.2738.6K
$81.50Jul 310.060.07$0.0714.3%3.6K0.094.7K
$83.00Jul 240.080.09$0.0911.1%3.5K0.202.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 71 strikes (avg 156.5%, max 456.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 22Aug 21113.8%20.4%456.9%16452
$70.00Jul 22Aug 21122.7%22.1%456.0%436126
$75.00Jul 22Aug 2178.9%16.0%392.9%10474
$77.00Jul 22Aug 2161.7%13.4%359.3%62284
$76.00Jul 22Aug 2170.3%15.3%358.5%6396
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$79.00Jul 22Aug 2844.4%11.4%290.8%--695
$70.00Jul 24Aug 2871.9%19.9%260.5%3675
$80.00Jul 22Aug 2835.7%10.6%238.2%128978
$80.50Jul 22Aug 2831.3%10.3%205.2%9917
$74.00Jul 24Aug 2151.3%17.7%189.1%--1.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 77 found (best R:R 8.09, avg 1.89)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.50$85.00Aug 3$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 14$0.10$0.40$0.104.00$85.10
$84.00$84.50Jul 24$0.11$0.39$0.113.55$84.11
$84.50$85.00Jul 31$0.11$0.39$0.113.55$84.61
$85.50$86.00Aug 28$0.11$0.39$0.113.55$85.61
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.00Aug 5$0.11$0.89$0.118.09$81.89
$82.50$82.00Aug 3$0.10$0.40$0.104.00$82.40
$82.00$81.50Aug 14$0.10$0.40$0.104.00$81.90
$82.00$81.50Aug 21$0.10$0.40$0.104.00$81.90
$83.00$82.50Jul 31$0.11$0.39$0.113.55$82.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 105 found (best R:R 4.26, avg 1.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$83.00Aug 5$0.81$0.81$0.194.26$82.81
$82.50$83.00Jul 31$0.39$0.39$0.113.55$82.89
$82.00$82.50Aug 14$0.39$0.39$0.113.55$82.39
$81.50$82.00Aug 28$0.39$0.39$0.113.55$81.89
$82.50$83.00Aug 3$0.38$0.38$0.123.17$82.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$85.00$84.50Jul 31$0.40$0.40$0.104.00$84.60
$85.50$85.00Aug 14$0.40$0.40$0.104.00$85.10
$85.50$85.00Aug 21$0.40$0.40$0.104.00$85.10
$84.50$84.00Jul 24$0.39$0.39$0.113.55$84.11
$85.00$84.50Aug 7$0.39$0.39$0.113.55$84.61

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 19 found (avg debit $0.10, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.00Jul 22Jul 24$0.0517.8%12.6%
$84.50Jul 22Jul 24$0.0512.3%10.6%
$82.50Jul 22Jul 24$0.0613.1%10.5%
$71.00Jul 22Aug 21$0.07113.8%20.4%
$79.00Jul 22Jul 29$0.0744.4%16.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$84.50Jul 22Jul 24$0.0512.2%10.6%
$83.00Jul 22Jul 24$0.0710.3%10.2%
$84.00Jul 22Jul 24$0.109.8%10.3%
$83.50Jul 22Jul 24$0.129.2%9.9%
$87.50Jul 31Aug 7$0.2013.4%13.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 208 found (cheapest 0.44% of stock, avg 4.39%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.27$0.10$0.37$83.13$83.870.44%
$84.00Jul 22$0.06$0.39$0.45$83.55$84.450.54%
$83.50Jul 24$0.42$0.22$0.64$82.86$84.140.77%
$84.00Jul 24$0.18$0.49$0.67$83.33$84.670.80%
$83.00Jul 22$0.69$0.02$0.71$82.29$83.710.85%
$83.50Jul 27$0.49$0.28$0.77$82.73$84.270.92%
$84.00Jul 27$0.24$0.53$0.77$83.23$84.770.92%
$84.50Jul 22$0.02$0.83$0.85$83.65$85.351.02%
$83.00Jul 24$0.79$0.09$0.88$82.12$83.881.05%
$84.50Jul 24$0.07$0.88$0.95$83.55$85.451.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 216 found (cheapest 0.05% of stock, avg 0.76%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$83.00Jul 22$0.02$0.02$0.04$82.96$84.54
$85.00$82.50Jul 24$0.03$0.03$0.06$82.44$85.06
$85.50$82.00Jul 27$0.03$0.03$0.06$81.94$85.56
$84.00$83.00Jul 22$0.06$0.02$0.08$82.92$84.08
$85.00$82.00Jul 27$0.05$0.03$0.08$81.92$85.08
$86.00$81.50Jul 29$0.04$0.04$0.08$81.42$86.08
$85.50$82.50Jul 27$0.03$0.06$0.09$82.41$85.59
$84.50$82.50Jul 24$0.07$0.03$0.10$82.40$84.60
$85.50$81.50Jul 29$0.06$0.04$0.10$81.40$85.60
$85.00$82.50Jul 27$0.05$0.06$0.11$82.39$85.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 found (best R:R 4.00, avg credit $0.40)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
83/8484/85Aug 28$0.40$0.104.00$83.10$84.90
82/8284/84Aug 28$0.39$0.113.55$82.11$83.89
82/8384/84Aug 28$0.39$0.113.55$82.61$84.39
82/8284/84Aug 28$0.37$0.132.85$81.63$83.87
82/8384/85Aug 28$0.36$0.142.57$82.64$84.86
82/8284/84Aug 28$0.35$0.152.33$82.15$84.35
81/8283/84Aug 5$0.69$0.312.23$81.31$83.69
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
82/8284/85Aug 28$0.30$0.201.50$81.70$84.80

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
$80.00$81.00$82.00Aug 5$0.05$0.9519.00
$85.00$86.00$87.00Aug 5$0.07$0.9313.29
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$82.50$83.00$83.50Jul 22$0.06$0.447.33
$82.50$83.00$83.50Jul 29$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$87.00$88.00$89.00Aug 21$0.05$0.9519.00
$80.00$81.00$82.00Aug 5$0.07$0.9313.29
$82.00$82.50$83.00Jul 24$0.05$0.459.00
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$82.50$83.00$83.50Aug 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 $--, 126 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. 54 found (best yield 1.11%, avg 0.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$0.930.430.4%1.11%1.52%3.4K389
$84.00Aug 21$0.790.420.4%0.94%1.35%1.4K24.7K
$84.50Aug 28$0.720.361.0%0.86%1.86%2144.2K
$84.00Aug 14$0.660.410.4%0.79%1.20%1401.1K
$84.50Aug 21$0.590.341.0%0.71%1.71%271247
$85.00Aug 28$0.540.301.6%0.65%2.25%189567
$84.00Aug 7$0.520.390.4%0.62%1.03%119721
$84.00Aug 5$0.470.380.4%0.56%0.97%15--
$84.50Aug 14$0.470.321.0%0.56%1.57%84974
$84.00Jul 31$0.430.420.4%0.51%0.92%1.9K6.7K

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 167,783
Total Puts 59,470
Put/Call Ratio 0.35
Net Difference 108,313

Prior's Put/Call Breakdown

Total Calls 221,431
Total Puts 79,955
Put/Call Ratio 0.36
Net Difference 141,476

Prior 7-Day Put/Call Summary

Total Calls 1,567,388
Total Puts 808,027
Average Put/Call Ratio 0.52
Ratio Trend Falling

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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