Tour v381
TLT
iShares 20+ Year Treasury Bond ETF
$83.66 -0.27%
$83.69 (+0.04%)🌙
as of 07/21 07:08 PM
(7/21 16:00) ◀
|
Tuesday, July 21, 2026 (7:08pm)
January 2026
|
▶ (7/22 10:00)
◀ 7/21 19:08 ▶

Option Volume

Detail
ℹ
Current (07/21) 251,029
Calls: 187,255 (75%)
Puts: 63,774 (25%)
Prior (07/20) 301,386
Calls: 221,431 (73%)
Puts: 79,955 (27%)
Current vs Prior -16.71%
Calls: -15.43% (Calls)
Puts: -20.24% (Puts)
Prior 7-Day Total 2,602,668
Calls: 1,735,171 (67%)
Puts: 867,497 (33%)
Prior 7-Day Average 371,809
Calls: 247,881 (67%)
Puts: 123,928 (33%)
Current vs Prior 7-Day Avg -32.48%
Calls: -24.46%
Puts: -48.54%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/21) $48.57M
Calls: $45.17M (93%)
Puts: $3.39M (7%)
Prior (07/20) $45.45M
Calls: $40.92M (90%)
Puts: $4.52M (10%)
Current vs Prior +6.87%
Calls: +10.38%
Puts: -24.95%
Prior 7-Day Total $359.66M
Calls: $301.18M (84%)
Puts: $58.49M (16%)
Prior 7-Day Average $51.38M
Calls: $43.03M (84%)
Puts: $8.36M (16%)
Current vs Prior 7-Day Avg -5.48%
Calls: +4.99%
Puts: -59.38%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/21) 0.34
Prior (07/20) 0.36
Current vs Prior -5.68%
Prior 7-Day Average 0.50
Current vs Prior 7-Day Avg -31.22%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/21) 1,315,822
Calls: 788,694 (60%)
Puts: 527,128 (40%)
Prior (07/20) 1,285,319
Calls: 765,495 (60%)
Puts: 519,824 (40%)
Current vs Prior +2.37%
Prior 7-Day Total 12,819,158
Calls: 7,437,160 (58%)
Puts: 5,381,998 (42%)
Prior 7-Day Average 1,831,308
Calls: 1,062,451 (58%)
Puts: 768,856 (42%)
Current vs Prior 7-Day Avg -28.15%
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 0.78% | 1.08%1.08% | 1.66%2.69% | 3.99%
Prior 0.94% | 1.22%1.22% | 1.72%0.60% | 2.65%
Current vs Prior -17.50% | -11.52%-11.52% | -3.20%+351.26% | +50.86%
Prior 7-Day Avg 0.92% | 1.14%1.02% | 1.53%0.77% | 3.02%
Current vs 7-Day Avg -15.65% | -5.72%+5.62% | +8.92%+249.01% | +32.09%
Prior 7-Day Eod 0.79% | 1.09%1.22% | 1.72%0.60% | 2.65%
Current vs 7-Day Eod -1.52% | -1.10%-11.52% | -3.20%+351.26% | +50.86%
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 6.88% | 3.22%
Calls: 4.00% | 2.44%
Puts: 9.76% | 4.00%
Prior 4.68% | 2.12%
Calls: 5.66% | 1.54%
Puts: 3.70% | 2.70%
Current vs Prior +47.01% | +51.89%
Prior 7-Day Avg 6.41% | 3.02%
Calls: 5.43% | 2.71%
Puts: 7.18% | 3.60%
Current vs 7-Day Avg +7.40% | +6.62%
Liquidity Acceptable
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🤖 AI Insights

Strong bullish conviction with 93% of dollar volume in calls ($45.17M) vs puts ($3.39M). Extreme bullish P/C ratio of 0.34 - heavy call buying (187,255 calls vs 63,774 puts). Call-heavy open interest (788,694 calls vs 527,128 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 230 of results (avg 4.2%, best 1.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 3113.7013.85$13.771.1%11.0029
$70.00Aug 2113.7013.85$13.771.1%3621.00126
$70.00Jul 2213.6013.75$13.681.1%741.00--
$71.00Aug 2112.7012.85$12.771.2%901.0052
$71.00Jul 2212.6012.75$12.681.2%741.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$94.00Aug 2110.4510.60$10.521.4%50.98--
$93.00Aug 219.459.60$9.521.6%20.98140
$92.00Aug 218.458.60$8.521.8%20.98--
$84.50Aug 211.481.51$1.502.0%1290.6564
$85.00Aug 281.891.93$1.912.1%840.70651

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 128 found (avg $0.36, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.050.06$0.0616.7%2.2K0.221.4K
$85.50Jul 290.050.06$0.0616.7%3.1K0.09177
$86.00Jul 310.050.06$0.0616.7%3360.0837.7K
$87.00Aug 70.050.06$0.0616.7%790.062.0K
$89.00Aug 210.050.06$0.0616.7%5110.0447.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%1170.12238
$82.00Jul 290.060.07$0.0714.3%640.101.2K
$81.00Aug 30.060.07$0.0714.3%1.2K0.083.6K
$78.00Aug 280.060.07$0.0714.3%90.05--
$81.00Aug 50.080.09$0.0911.1%1260.10--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 171 found (avg delta 0.86, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$74.00Aug 39.709.85$9.771.5%211.00--
$75.00Aug 38.708.85$8.771.7%41.00--
$80.00Aug 33.703.90$3.805.3%41.00--
$80.50Aug 33.253.40$3.334.5%41.00--
$81.00Aug 32.772.88$2.833.9%251.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 221.261.37$1.328.3%601.00316
$85.50Jul 221.761.89$1.837.1%41.00--
$86.00Jul 222.262.39$2.335.6%41.00--
$85.50Jul 241.771.89$1.836.6%251.00582
$86.00Jul 242.262.39$2.335.6%651.0054

Most actively traded options today. High liquidity = easy entry/exit. 389 active (total vol 250.7K, top 47.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 313.753.85$3.802.6%47.5K0.974.5K
$79.50Jul 314.204.40$4.304.7%47.4K0.984.2K
$85.00Aug 210.430.45$0.444.5%17.9K0.2853.9K
$87.00Aug 210.120.14$0.1315.4%7.5K0.1043.0K
$86.50Jul 310.040.05$0.0520.0%3.9K0.061.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 240.830.90$0.878.0%5.8K0.8621.8K
$83.50Jul 220.080.10$0.0922.2%5.6K0.345.1K
$82.00Aug 210.390.41$0.405.0%4.8K0.2738.6K
$81.50Jul 310.050.07$0.0633.3%4.0K0.084.7K
$83.00Jul 240.070.09$0.0825.0%3.5K0.192.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 51 strikes (avg 124.7%, max 491.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 22Aug 21121.3%20.5%491.1%16452
$70.00Jul 22Aug 21130.7%22.1%490.2%436126
$75.00Jul 22Aug 2184.1%16.1%423.1%10474
$76.00Jul 22Aug 2174.9%15.4%386.5%6396
$77.00Jul 22Aug 1465.7%14.8%343.1%23294
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$80.00Jul 22Aug 2838.1%10.6%258.4%128487
$79.00Jul 24Aug 2126.7%11.8%125.6%5111.7K
$86.00Jul 22Aug 2824.7%11.0%125.3%7--
$82.00Jul 22Aug 2819.1%9.5%100.0%2772.8K
$85.50Jul 22Aug 2120.2%10.8%86.5%26--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 75 found (best R:R 9.00, avg 1.83)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$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
$84.50$85.00Aug 3$0.12$0.38$0.123.17$84.62
$84.50$85.00Aug 7$0.12$0.38$0.123.17$84.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.00Aug 5$0.10$0.90$0.109.00$81.90
$83.00$82.50Jul 31$0.10$0.40$0.104.00$82.90
$82.50$82.00Aug 3$0.10$0.40$0.104.00$82.40
$82.50$82.00Aug 7$0.11$0.39$0.113.55$82.39
$82.00$81.50Aug 21$0.11$0.39$0.113.55$81.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 102 found (best R:R 9.00, avg 1.48)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$83.00Aug 5$0.82$0.82$0.184.56$82.82
$81.00$82.00Aug 28$0.82$0.82$0.184.56$81.82
$82.50$83.00Jul 31$0.39$0.39$0.113.55$82.89
$82.50$83.00Aug 3$0.39$0.39$0.113.55$82.89
$82.00$82.50Aug 14$0.39$0.39$0.113.55$82.39
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$86.50$85.50Aug 14$0.90$0.90$0.109.00$85.60
$87.00$86.00Aug 28$0.89$0.89$0.118.09$86.11
$85.00$84.50Jul 31$0.40$0.40$0.104.00$84.60
$86.00$85.00Aug 28$0.80$0.80$0.204.00$85.20
$85.50$85.00Aug 21$0.39$0.39$0.113.55$85.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $0.10, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.50Jul 22Jul 24$0.0514.1%10.9%
$84.50Jul 22Jul 24$0.0512.9%10.6%
$70.00Jul 22Jul 31$0.09130.7%39.9%
$71.00Jul 22Aug 21$0.09121.3%20.5%
$74.00Jul 22Aug 3$0.0993.3%24.5%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 22Jul 24$0.0611.1%10.5%
$84.00Jul 22Jul 24$0.0910.2%10.3%
$83.50Jul 22Jul 24$0.129.7%10.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 141 found (cheapest 0.43% of stock, avg 3.04%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.27$0.09$0.36$83.14$83.860.43%
$84.00Jul 22$0.06$0.38$0.44$83.56$84.440.53%
$83.50Jul 24$0.43$0.21$0.64$82.86$84.140.77%
$84.00Jul 24$0.18$0.47$0.65$83.35$84.650.78%
$83.00Jul 22$0.70$0.02$0.72$82.28$83.720.86%
$83.50Jul 27$0.49$0.27$0.76$82.74$84.260.91%
$84.00Jul 27$0.24$0.52$0.76$83.24$84.760.91%
$84.50Jul 22$0.02$0.84$0.86$83.64$85.361.03%
$83.00Jul 24$0.80$0.08$0.88$82.12$83.881.05%
$84.50Jul 24$0.07$0.87$0.94$83.56$85.441.12%

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
$84.50$83.50Jul 22$0.02$0.09$0.11$83.39$84.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 22 found (best R:R 3.55, avg credit $0.36)

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 3$0.37$0.132.85$82.13$83.87
82/8284/84Aug 7$0.37$0.132.85$82.13$83.87
82/8284/84Aug 28$0.37$0.132.85$81.63$83.87
82/8284/84Aug 28$0.36$0.142.57$82.14$84.36
82/8384/85Aug 28$0.36$0.142.57$82.64$84.86
82/8384/84Aug 7$0.35$0.152.33$82.65$84.35
83/8485/86Aug 28$0.35$0.152.33$83.15$85.35
81/8283/84Aug 5$0.69$0.312.23$81.31$83.69

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 78 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 5$0.06$0.9415.67
$85.00$86.00$87.00Aug 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
$83.00$83.50$84.00Aug 14$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 5$0.06$0.9415.67
$86.00$87.00$88.00Aug 21$0.09$0.9110.11
$85.00$86.00$87.00Aug 28$0.09$0.9110.11
$82.00$82.50$83.00Jul 29$0.05$0.459.00
$82.00$82.50$83.00Aug 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. 129 found (best net $-0.01, 116 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$85.50$89.001:2Jul 22-$0.01$3.49
$90.00$93.001:2Aug 28$0.00$3.00
$90.00$93.001:2Jul 31-$0.01$2.99
$95.00$97.001:2Aug 21$0.00$2.00
$89.00$91.001:2Jul 24-$0.01$1.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$82.00$80.001:2Jul 22-$0.01$1.99
$81.00$79.001:2Jul 24-$0.01$1.99
$77.00$75.001:2Aug 21-$0.01$1.99
$79.50$78.001:2Aug 28-$0.02$1.48
$88.00$86.001:2Aug 3-$0.65$1.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 1.12%, avg 0.31%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$0.940.430.4%1.12%1.53%3.4K389
$84.00Aug 21$0.800.420.4%0.96%1.36%2.1K24.7K
$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$0.590.351.0%0.71%1.71%273247
$85.00Aug 28$0.550.301.6%0.66%2.26%189567
$84.00Aug 7$0.520.400.4%0.62%1.03%170721
$84.00Aug 5$0.470.390.4%0.56%0.97%85--
$84.50Aug 14$0.470.331.0%0.56%1.57%166974
$84.00Aug 3$0.440.390.4%0.53%0.93%43744

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 187,255
Total Puts 63,774
Put/Call Ratio 0.34
Net Difference 123,481

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 1,735,171
Total Puts 867,497
Average Put/Call Ratio 0.50
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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