Tour v388
TLT
iShares 20+ Year Treasury Bond ETF
$83.42 -0.29%
(7/22 15:00) ◀
|
Wednesday, July 22, 2026 (3:16pm)
January 2026
|
▶ (7/22 16:00)
◀ 7/22 15:16 ▶

Option Volume

Detail
ℹ
Current (07/22) 146,874
Calls: 89,248 (61%)
Puts: 57,626 (39%)
Prior (07/21) 251,029
Calls: 187,255 (75%)
Puts: 63,774 (25%)
Current vs Prior -41.49%
Calls: -52.34% (Calls)
Puts: -9.64% (Puts)
Prior 7-Day Total 2,116,434
Calls: 1,441,980 (68%)
Puts: 674,454 (32%)
Prior 7-Day Average 352,739
Calls: 205,997 (68%)
Puts: 96,350 (32%)
Current vs Prior 7-Day Avg -58.36%
Calls: -56.68%
Puts: -40.19%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $11.39M
Calls: $6.70M (59%)
Puts: $4.69M (41%)
Prior (07/21) $48.57M
Calls: $45.17M (93%)
Puts: $3.39M (7%)
Current vs Prior -76.54%
Calls: -85.16%
Puts: +38.20%
Prior 7-Day Total $275.60M
Calls: $233.14M (85%)
Puts: $42.46M (15%)
Prior 7-Day Average $45.93M
Calls: $33.31M (85%)
Puts: $6.07M (15%)
Current vs Prior 7-Day Avg -75.20%
Calls: -79.88%
Puts: -22.68%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.65
Prior (07/21) 0.34
Current vs Prior +89.59%
Prior 7-Day Average 0.47
Current vs Prior 7-Day Avg +37.32%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22) 1,774,822
Calls: 1,110,145 (63%)
Puts: 664,677 (37%)
Prior (07/21) 1,315,822
Calls: 788,694 (60%)
Puts: 527,128 (40%)
Current vs Prior +34.88%
Prior 7-Day Total 10,320,084
Calls: 6,043,475 (59%)
Puts: 4,276,609 (41%)
Prior 7-Day Average 1,720,014
Calls: 1,007,245 (59%)
Puts: 712,768 (41%)
Current vs Prior 7-Day Avg +3.19%
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 0.62% | 0.99%0.99% | 1.64%2.69% | 4.00%
Prior 0.78% | 1.08%1.08% | 1.66%2.69% | 3.99%
Current vs Prior -19.77% | -7.51%-7.51% | -1.16%-0.16% | +0.29%
Prior 7-Day Avg 0.85% | 1.08%0.96% | 1.49%1.02% | 3.11%
Current vs 7-Day Avg -26.85% | -8.06%+3.68% | +10.16%+163.15% | +28.65%
Prior 7-Day Eod 0.78% | 1.08%1.08% | 1.66%2.69% | 3.99%
Current vs 7-Day Eod -19.77% | -7.51%-7.51% | -1.16%-0.16% | +0.29%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 13.34% | 6.29%
Calls: 16.67% | 5.45%
Puts: 10.00% | 7.14%
Prior 6.88% | 3.22%
Calls: 4.00% | 2.44%
Puts: 9.76% | 4.00%
Current vs Prior +93.90% | +95.34%
Prior 7-Day Avg 7.09% | 3.20%
Calls: 5.84% | 2.90%
Puts: 8.33% | 3.49%
Current vs 7-Day Avg +88.15% | +96.87%
Liquidity Pricy
+
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🤖 AI Insights

Light premium activity with dollar volume down 77% vs prior. Below-average activity with volume down 41% vs prior. Bullish P/C ratio of 0.65. P/C ratio rising 90% - increased hedging/bearish 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 339 of results (avg 3.0%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 281.331.34$1.340.7%1110.5498
$83.00Aug 211.181.19$1.190.8%2020.558.1K
$82.00Aug 211.841.86$1.851.1%160.74749
$83.50Aug 210.910.92$0.921.1%5.8K0.46548
$70.00Jul 3113.4513.60$13.521.1%--1.0029
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Aug 211.341.35$1.350.7%5140.6251.4K
$100.00Jul 2216.5016.65$16.580.9%901.00--
$99.00Jul 2215.5015.65$15.581.0%901.00--
$98.00Jul 2214.5014.65$14.581.0%1071.00--
$83.50Aug 140.960.97$0.971.0%80.561.0K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 145 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 290.050.06$0.0616.7%2000.104.9K
$87.00Aug 70.050.06$0.0616.7%10.062.0K
$88.00Aug 140.050.06$0.0616.7%--0.051.4K
$89.00Aug 210.050.06$0.0616.7%440.0448.3K
$90.00Aug 280.050.06$0.0616.7%60.04776
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%1220.13345
$80.50Aug 30.050.06$0.0616.7%1060.07107
$79.00Aug 140.050.06$0.0616.7%--0.05936
$82.00Jul 290.060.07$0.0714.3%3130.111.3K
$80.00Aug 70.060.07$0.0714.3%120.075.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 254 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$78.00Jul 295.455.55$5.501.8%--1.0014
$79.00Jul 294.454.55$4.502.2%--1.00200
$80.00Jul 293.453.55$3.502.9%2041.00200
$72.00Aug 311.4511.60$11.521.3%--1.0018
$73.00Aug 310.4510.60$10.521.4%--1.0029
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 221.061.11$1.094.6%251.00221
$85.00Jul 221.561.62$1.593.8%441.00109
$86.50Jul 223.003.15$3.084.9%541.00--
$87.00Jul 223.503.65$3.584.2%931.00--
$87.50Jul 224.004.15$4.083.7%561.00--

Most actively traded options today. High liquidity = easy entry/exit. 410 active (total vol 146.7K, top 11.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Aug 210.190.20$0.205.0%11.8K0.1470.2K
$83.50Aug 210.910.92$0.921.1%5.8K0.46548
$85.00Aug 280.470.49$0.484.2%5.4K0.27689
$87.50Aug 280.120.13$0.137.7%5.2K0.09496
$84.00Jul 240.060.07$0.0714.3%5.2K0.198.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Aug 210.120.13$0.137.7%10.0K0.109.4K
$83.50Aug 211.041.06$1.051.9%5.1K0.55445
$83.00Aug 210.810.82$0.821.2%3.7K0.4759.1K
$84.50Jul 311.161.19$1.172.6%3.4K0.783.5K
$83.50Jul 220.090.10$0.1010.0%3.1K0.789.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 78 strikes (avg 1078.6%, max 2693.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$72.00Jul 22Aug 21525.1%18.8%2693.7%48661
$71.00Jul 22Aug 21570.1%20.4%2688.1%396122
$70.00Jul 22Aug 21615.4%22.1%2683.4%236226
$75.00Jul 22Aug 21391.9%15.9%2364.8%211165
$76.00Jul 22Aug 21347.9%15.2%2193.3%110147
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 22Aug 21496.1%21.0%2260.0%27136
$95.00Jul 22Aug 21463.0%19.7%2251.9%28137
$94.00Jul 22Aug 21429.3%18.3%2246.9%70212
$93.00Jul 22Aug 21395.0%18.1%2080.3%173139
$92.00Jul 22Aug 21359.9%16.7%2061.6%167255

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 76 found (best R:R 6.69, avg 1.71)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.50$85.00Aug 7$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 28$0.11$0.39$0.113.55$85.11
$84.00$85.00Aug 5$0.23$0.77$0.233.35$84.23
$84.00$84.50Jul 29$0.12$0.38$0.123.17$84.12
$84.50$85.00Aug 14$0.12$0.38$0.123.17$84.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.00Aug 5$0.13$0.87$0.136.69$81.87
$83.00$82.50Jul 27$0.10$0.40$0.104.00$82.90
$83.00$82.50Jul 29$0.11$0.39$0.113.55$82.89
$82.00$81.50Aug 14$0.11$0.39$0.113.55$81.89
$82.50$82.00Aug 3$0.12$0.38$0.123.17$82.38

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 100 found (best R:R 19.00, avg 1.52)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$78.00$80.00Aug 28$1.90$1.90$0.1019.00$79.90
$83.00$83.50Jul 22$0.40$0.40$0.104.00$83.40
$82.00$82.50Aug 7$0.40$0.40$0.104.00$82.40
$81.50$82.00Aug 21$0.39$0.39$0.113.55$81.89
$82.50$83.00Jul 29$0.38$0.38$0.123.17$82.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$84.50$84.00Jul 29$0.39$0.39$0.113.55$84.11
$84.50$84.00Aug 3$0.39$0.39$0.113.55$84.11
$85.50$85.00Aug 28$0.39$0.39$0.113.55$85.11
$84.50$84.00Aug 5$0.38$0.38$0.123.17$84.12
$85.00$84.50Aug 14$0.38$0.38$0.123.17$84.62

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 27 found (avg debit $0.13, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$74.00Jul 22Jul 24$0.05436.1%61.3%
$75.00Jul 22Jul 24$0.05391.9%55.1%
$76.00Jul 22Jul 24$0.05347.9%48.9%
$77.00Jul 22Jul 24$0.05304.0%42.8%
$78.00Jul 22Jul 24$0.05260.1%36.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 22Jul 24$0.0928.8%10.2%
$83.50Jul 22Jul 24$0.1812.6%10.4%
$94.00Jul 22Aug 21$0.19429.3%18.3%
$95.00Jul 22Aug 7$0.19463.0%23.7%
$96.00Jul 22Aug 21$0.19496.1%21.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 221 found (cheapest 0.14% of stock, avg 4.60%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.02$0.10$0.12$83.38$83.620.14%
$83.00Jul 22$0.42$0.01$0.43$82.57$83.430.52%
$83.50Jul 24$0.23$0.28$0.51$82.99$84.010.61%
$84.00Jul 22$0.01$0.58$0.59$83.41$84.590.71%
$83.00Jul 24$0.55$0.10$0.65$82.35$83.650.78%
$83.50Jul 27$0.31$0.35$0.66$82.84$84.160.79%
$84.00Jul 24$0.07$0.62$0.69$83.31$84.690.83%
$83.00Jul 27$0.61$0.16$0.77$82.23$83.770.92%
$84.00Jul 27$0.13$0.67$0.80$83.20$84.800.96%
$83.50Jul 29$0.43$0.46$0.89$82.61$84.391.07%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 213 found (cheapest 0.07% of stock, avg 0.79%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$82.50Jul 24$0.03$0.03$0.06$82.44$84.56
$85.00$82.00Jul 27$0.03$0.03$0.06$81.94$85.06
$84.50$82.00Jul 27$0.05$0.03$0.08$81.92$84.58
$85.50$81.50Jul 29$0.04$0.04$0.08$81.42$85.58
$85.00$82.50Jul 27$0.03$0.06$0.09$82.41$85.09
$84.00$82.50Jul 24$0.07$0.03$0.10$82.40$84.10
$85.00$81.50Jul 29$0.06$0.04$0.10$81.40$85.10
$84.50$82.50Jul 27$0.05$0.06$0.11$82.39$84.61
$85.50$82.00Jul 29$0.04$0.07$0.11$81.89$85.61
$85.50$81.00Jul 31$0.07$0.05$0.12$80.88$85.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 16 found (best R:R 3.55, avg credit $0.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 5$0.39$0.113.55$82.61$83.89
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$0.36$0.142.57$81.64$83.86
82/8284/84Aug 28$0.35$0.152.33$82.15$84.35
82/8284/84Aug 5$0.34$0.162.12$82.16$83.84
82/8284/84Aug 28$0.32$0.181.78$81.68$84.32
82/8384/84Jul 29$0.31$0.191.63$82.69$83.81
82/8384/84Jul 27$0.28$0.221.27$82.72$83.78
81/8282/83Aug 5$0.49$0.510.96$81.51$82.99

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 76 found (best R:R 11.50, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$81.50$82.00$82.50Jul 24$0.05$0.459.00
$83.00$83.50$84.00Aug 14$0.05$0.459.00
$82.00$82.50$83.00Aug 28$0.05$0.459.00
$84.50$85.00$85.50Aug 28$0.05$0.459.00
$84.00$84.50$85.00Jul 27$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 5$0.08$0.9211.50
$82.00$82.50$83.00Aug 5$0.05$0.459.00
$82.50$83.00$83.50Aug 7$0.05$0.459.00
$83.50$84.00$84.50Aug 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. 140 found (best net $--, 130 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$96.00$100.001:2Aug 14-$0.01$3.99
$96.00$100.001:2Aug 28-$0.02$3.98
$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. 60 found (best yield 1.26%, avg 0.34%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Aug 28$1.050.460.1%1.26%1.35%134273
$83.50Aug 21$0.910.460.1%1.09%1.19%5.8K548
$84.00Aug 28$0.820.400.7%0.98%1.68%1.4K3.3K
$83.50Aug 14$0.770.450.1%0.92%1.02%22405
$84.00Aug 21$0.690.380.7%0.83%1.52%1.4K25.0K
$83.50Aug 7$0.630.450.1%0.76%0.85%6436
$84.50Aug 28$0.630.331.3%0.76%2.05%994.2K
$83.50Aug 5$0.570.440.1%0.68%0.78%49--
$84.00Aug 14$0.560.360.7%0.67%1.37%931.2K
$83.50Aug 3$0.540.450.1%0.65%0.74%124315

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 89,248
Total Puts 57,626
Put/Call Ratio 0.65
Net Difference 31,622

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 1,441,980
Total Puts 674,454
Average Put/Call Ratio 0.47
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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