Tour v390
TLT
iShares 20+ Year Treasury Bond ETF
$83.44 -0.26%
(7/22 16:00) ◀
|
Wednesday, July 22, 2026 (9:06pm)
January 2026
|
▶ (7/23 10:00)
◀ 7/22 21:06 ▶

Option Volume

Detail
ℹ
Current (07/22) 182,606
Calls: 111,016 (61%)
Puts: 71,590 (39%)
Prior (07/21) 251,029
Calls: 187,255 (75%)
Puts: 63,774 (25%)
Current vs Prior -27.26%
Calls: -40.71% (Calls)
Puts: +12.26% (Puts)
Prior 7-Day Total 2,263,308
Calls: 1,531,228 (68%)
Puts: 732,080 (32%)
Prior 7-Day Average 323,329
Calls: 218,746 (68%)
Puts: 104,582 (32%)
Current vs Prior 7-Day Avg -43.52%
Calls: -49.25%
Puts: -31.55%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $12.50M
Calls: $7.36M (59%)
Puts: $5.14M (41%)
Prior (07/21) $48.57M
Calls: $45.17M (93%)
Puts: $3.39M (7%)
Current vs Prior -74.26%
Calls: -83.70%
Puts: +51.46%
Prior 7-Day Total $286.99M
Calls: $239.84M (84%)
Puts: $47.15M (16%)
Prior 7-Day Average $41.00M
Calls: $34.26M (84%)
Puts: $6.74M (16%)
Current vs Prior 7-Day Avg -69.50%
Calls: -78.51%
Puts: -23.70%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.64
Prior (07/21) 0.34
Current vs Prior +89.35%
Prior 7-Day Average 0.50
Current vs Prior 7-Day Avg +30.21%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22) 1,318,931
Calls: 749,581 (57%)
Puts: 569,350 (43%)
Prior (07/21) 1,315,822
Calls: 788,694 (60%)
Puts: 527,128 (40%)
Current vs Prior +0.24%
Prior 7-Day Total 12,094,906
Calls: 7,153,620 (59%)
Puts: 4,941,286 (41%)
Prior 7-Day Average 1,727,843
Calls: 1,021,945 (59%)
Puts: 705,898 (41%)
Current vs Prior 7-Day Avg -23.67%
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% | 1.05%1.05% | 1.67%2.79% | 3.95%
Prior 0.78% | 1.08%1.08% | 1.66%2.69% | 3.99%
Current vs Prior +35.74% | +4.72%-1.96% | +0.26%+3.83% | -0.94%
Prior 7-Day Avg 0.85% | 1.08%0.96% | 1.49%1.02% | 3.11%
Current vs 7-Day Avg +23.77% | +4.10%+9.90% | +11.75%+173.66% | +27.08%
Prior 7-Day Eod 0.62% | 0.99%1.08% | 1.66%2.69% | 3.99%
Current vs 7-Day Eod +69.19% | +13.23%-1.96% | +0.26%+3.83% | -0.94%
Sentiment BEARISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 26.75% | 54.73%
Calls: 37.50% | 38.03%
Puts: 16.00% | 71.43%
Prior 6.88% | 3.22%
Calls: 4.00% | 2.44%
Puts: 9.76% | 4.00%
Current vs Prior +288.81% | +1599.69%
Prior 7-Day Avg 7.98% | 3.64%
Calls: 5.84% | 2.90%
Puts: 8.33% | 3.49%
Current vs 7-Day Avg +235.09% | +1404.75%
Liquidity Expensive
+
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🤖 AI Insights

Light premium activity with dollar volume down 74% vs prior. Bullish P/C ratio of 0.64. P/C ratio rising 89% - 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 BEARISH
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 69 of results (avg 6.8%, best 2.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 38.408.65$8.532.9%141.002
$75.00Jul 318.458.80$8.634.1%231.00--
$70.00Jul 2213.1513.70$13.434.1%1140.8674
$71.00Jul 2212.1512.70$12.434.4%1060.8666
$78.00Aug 35.405.65$5.534.5%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$89.00Aug 75.705.85$5.782.6%120.97454
$87.00Aug 283.753.85$3.802.6%1030.88927
$100.00Jul 2216.3016.90$16.603.6%900.93--
$87.00Aug 213.753.90$3.833.9%2250.9016.5K
$88.00Aug 34.654.85$4.754.2%1010.97408

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 42 found (avg $0.40, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$89.00Aug 210.050.06$0.0616.7%440.0448.3K
$84.00Jul 240.060.07$0.0714.3%5.6K0.198.1K
$87.00Aug 210.110.13$0.1216.7%1.4K0.1047.6K
$85.00Aug 70.160.17$0.175.9%1210.174.2K
$84.50Jul 310.170.20$0.1915.8%2.1K0.244.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Jul 240.070.08$0.0812.5%2.7K0.223.2K
$80.50Aug 210.160.19$0.1816.7%3950.1354
$82.50Jul 310.170.20$0.1915.8%6680.2314.5K
$80.50Aug 280.210.25$0.2317.4%400.16709
$81.00Aug 210.230.26$0.2512.0%7950.189.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 205 found (avg delta 0.86, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 38.408.65$8.532.9%141.002
$78.00Aug 35.405.65$5.534.5%11.00--
$80.00Aug 33.254.95$4.1041.5%21.00--
$80.50Aug 32.804.95$3.8855.4%41.002
$81.00Aug 32.332.79$2.5618.0%201.0022
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 220.283.30$1.79168.7%541.00109
$85.50Jul 221.822.34$2.0825.0%11.00--
$86.00Jul 222.322.84$2.5820.2%11.00--
$86.50Jul 222.803.40$3.1019.4%551.00--
$88.00Jul 224.254.90$4.5814.2%431.00--

Most actively traded options today. High liquidity = easy entry/exit. 426 active (total vol 182.5K, top 11.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Aug 210.200.22$0.219.5%11.8K0.1670.2K
$85.00Jul 240.010.02$0.0250.0%7.8K0.0438.0K
$83.50Aug 210.901.27$1.0933.9%5.9K0.47548
$84.00Jul 240.060.07$0.0714.3%5.6K0.198.1K
$85.00Aug 280.480.52$0.508.0%5.4K0.28689
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Aug 210.120.15$0.1421.4%10.0K0.109.4K
$83.50Aug 210.911.15$1.0323.3%5.2K0.53445
$83.50Jul 220.030.20$0.12141.7%4.8K0.869.6K
$83.00Aug 210.720.82$0.7713.0%3.8K0.4459.1K
$84.50Jul 311.001.19$1.1017.3%3.4K0.793.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 62 strikes (avg 2032.8%, max 10111.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 22Aug 212289.1%22.4%10111.6%236226
$75.00Jul 22Aug 211646.3%16.2%10037.0%211165
$71.00Jul 22Aug 212096.1%20.7%10001.9%396122
$74.00Jul 22Jul 311775.5%29.6%5889.7%16659
$78.00Jul 22Aug 28618.2%12.3%4927.7%67558
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$89.50Jul 22Aug 211240.5%13.5%9118.9%94--
$91.00Jul 22Aug 211398.4%15.3%9059.9%671.8K
$87.00Jul 22Aug 28814.0%11.6%6927.3%199927
$95.00Jul 22Aug 211011.6%21.3%4641.6%28--
$82.00Jul 22Aug 28370.1%9.7%3718.1%2221.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 83 found (best R:R 8.09, avg 1.82)

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 21$0.11$0.39$0.113.55$85.11
$83.50$84.00Aug 3$0.12$0.38$0.123.17$83.62
$84.50$85.00Aug 3$0.12$0.38$0.123.17$84.62
$84.50$85.00Aug 14$0.12$0.38$0.123.17$84.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$80.00$79.00Aug 7$0.11$0.89$0.118.09$79.89
$74.00$73.00Aug 21$0.15$0.85$0.155.67$73.85
$81.50$81.00Jul 24$0.10$0.40$0.104.00$81.40
$83.00$82.50Aug 7$0.10$0.40$0.104.00$82.90
$83.50$83.00Jul 22$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. 125 found (best R:R 9.00, avg 1.77)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$74.00$75.00Jul 31$0.90$0.90$0.109.00$74.90
$76.00$77.00Jul 22$0.88$0.88$0.127.33$76.88
$79.50$80.00Jul 24$0.40$0.40$0.104.00$79.90
$82.00$82.50Jul 31$0.40$0.40$0.104.00$82.40
$80.50$81.00Aug 7$0.40$0.40$0.104.00$80.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$88.00$87.00Aug 7$0.87$0.87$0.136.69$87.13
$88.00$87.00Aug 21$0.87$0.87$0.136.69$87.13
$87.00$86.00Aug 14$0.85$0.85$0.155.67$86.15
$86.00$85.00Aug 28$0.82$0.82$0.184.56$85.18
$85.00$84.50Jul 31$0.40$0.40$0.104.00$84.60

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 21 found (avg debit $0.22, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$75.00Jul 22Jul 24$0.051646.3%56.9%
$84.00Jul 22Jul 24$0.0650.1%10.3%
$74.00Jul 22Jul 24$0.071775.5%185.0%
$76.00Jul 22Jul 24$0.071516.4%50.6%
$78.00Jul 22Jul 24$0.07618.2%37.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 22Jul 24$0.0741.8%9.7%
$95.00Jul 22Aug 21$0.081011.6%21.3%
$81.50Jul 22Jul 24$0.10144.7%28.3%
$83.50Jul 22Jul 24$0.159.2%10.6%
$88.00Jul 22Aug 3$0.17292.2%15.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 151 found (cheapest 0.16% of stock, avg 3.10%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.01$0.12$0.13$83.37$83.630.16%
$83.50Jul 24$0.23$0.27$0.50$83.00$84.000.60%
$83.00Jul 22$0.54$0.01$0.55$82.45$83.550.66%
$83.50Jul 27$0.39$0.24$0.63$82.87$84.130.76%
$84.00Jul 24$0.07$0.59$0.66$83.34$84.660.79%
$84.00Jul 22$0.01$0.66$0.67$83.33$84.670.80%
$83.00Jul 24$0.61$0.08$0.69$82.31$83.690.83%
$83.50Jul 29$0.37$0.36$0.73$82.77$84.230.87%
$84.00Jul 27$0.20$0.55$0.75$83.25$84.750.90%
$83.00Jul 27$0.70$0.13$0.83$82.17$83.830.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 234 found (cheapest 0.05% of stock, avg 0.80%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$82.50Jul 24$0.02$0.02$0.04$82.46$84.54
$84.50$82.00Jul 24$0.02$0.03$0.05$81.95$84.55
$83.50$81.00Jul 22$0.01$0.06$0.07$80.93$83.57
$85.50$81.50Jul 29$0.04$0.03$0.07$81.43$85.57
$85.00$81.50Jul 29$0.05$0.03$0.08$81.42$85.08
$85.50$81.00Jul 29$0.04$0.04$0.08$80.92$85.58
$84.00$82.50Jul 24$0.07$0.02$0.09$82.41$84.09
$85.50$82.50Jul 27$0.03$0.06$0.09$82.41$85.59
$85.00$81.00Jul 29$0.05$0.04$0.09$80.91$85.09
$84.00$82.00Jul 24$0.07$0.03$0.10$81.90$84.10

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 40 found (best R:R 4.00, avg credit $0.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 28$0.40$0.104.00$82.60$83.90
83/8484/85Aug 28$0.40$0.104.00$83.10$84.90
80/8082/82Aug 28$0.39$0.113.55$80.11$81.89
80/8084/84Aug 28$0.38$0.123.17$80.12$84.38
82/8284/85Aug 28$0.38$0.123.17$81.62$84.88
83/8485/86Aug 28$0.37$0.132.85$83.13$85.37
82/8384/84Jul 29$0.36$0.142.57$82.64$84.36
82/8284/84Aug 7$0.36$0.142.57$82.14$83.86
82/8284/84Aug 28$0.36$0.142.57$82.14$83.86
82/8384/85Aug 28$0.36$0.142.57$82.64$84.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 106 found (best R:R 32.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$84.00$84.50$85.00Jul 24$0.05$0.459.00
$85.00$85.50$86.00Aug 28$0.05$0.459.00
$75.00$76.00$77.00Jul 22$0.12$0.887.33
$81.00$81.50$82.00Jul 29$0.06$0.447.33
$82.50$83.00$83.50Aug 3$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$76.00$78.00$80.00Aug 14$0.06$1.9432.33
$91.00$92.00$93.00Jul 22$0.06$0.9415.67
$98.00$99.00$100.00Jul 22$0.08$0.9211.50
$84.00$84.50$85.00Jul 27$0.05$0.459.00
$81.00$81.50$82.00Jul 29$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. 138 found (best net $-0.01, 119 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$89.00$93.001:2Aug 7-$0.01$3.99
$87.50$90.001:2Aug 3-$0.40$2.10
$98.00$100.001:2Aug 21-$0.01$1.99
$93.00$95.001:2Aug 21-$0.03$1.97
$87.50$89.001:2Jul 24-$0.01$1.49
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$78.00$76.001:2Aug 14-$0.03$1.97
$88.00$86.001:2Aug 3-$0.93$1.07
$77.00$76.001:2Aug 21$0.00$1.00
$75.00$74.001:2Aug 21-$0.54$0.46
$81.50$81.001:2Jul 29-$0.05$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 51 found (best yield 1.26%, avg 0.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Aug 28$1.050.460.1%1.26%1.33%135273
$83.50Aug 21$0.900.470.1%1.08%1.15%5.9K548
$84.00Aug 28$0.820.410.7%0.98%1.65%1.4K3.3K
$83.50Aug 14$0.770.470.1%0.92%0.99%24405
$84.00Aug 21$0.670.400.7%0.80%1.47%1.5K25.0K
$84.50Aug 28$0.630.341.3%0.76%2.03%994.2K
$83.50Aug 7$0.620.460.1%0.74%0.81%8--
$84.00Aug 14$0.550.390.7%0.66%1.33%951.2K
$83.50Jul 31$0.530.520.1%0.64%0.71%4.1K1.3K
$84.50Aug 21$0.500.341.3%0.60%1.87%19310

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 111,016
Total Puts 71,590
Put/Call Ratio 0.64
Net Difference 39,426

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 1,531,228
Total Puts 732,080
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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